|
Wake Forest, NC
Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
|
I have switched to trading only CL. I used to trade ES and 6B but not any more.
When trading your primary instrument, what else do you look at? For instance, I consider opening price of the pit vs yesterday's close. I have found that CL will make a move towards closing the gap, and the vast majority of the time it will go at least to half gap closure. If ES has a gap of more than 10 points at 9am, I don't look for CL to go as far as the half gap line (it seems those are the Gap and Go days) . On those days, YM has about a 100 point gap then. So if I see a large ES gap, I am less inclined to look for a gap play on CL.
During the trading day, I keep an eye on ES, YM, and BANK. They are not primary factors for me, but I use them just for hints.
Do any of you have any items (other than chart indicators) that you use to aid your trading?
Papa15
|
