Best time to trade Crude Oil CL

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Old Jan 21, 2009, 6:45am   #1
 
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Best time to trade Crude Oil CL

Whats the best time to trade Sweet Crude OIL CL.

I am in Toronto Canada and my strategy is to scalp 20c to 50c a day off the CL symbol. Whats the best time of day to catch the movement I am in Toronto, at Eastern Standard Time.

What is heaviest trading time for this symbol??
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Old May 27, 2009, 7:35pm   #2
 
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Hi,
i begun trading the Crude Oil two 2 months ago (i'm in Montréal) and it's really trendy the morning (7-8am).
I like trading CL because of its big moves. When i catch a momentum i enter with 10 Pips SL and then when i'm up with +5pips i move my SL to break even. My SL is usually hit but when it's not... you could grab a lot of pips.

Au plaisir.

Last edited by jamilou; May 27, 2009 at 8:11pm.
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Old May 27, 2009, 7:59pm   #3
 
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Yes, morning moves up to 10.30 are best
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Old May 31, 2009, 6:20pm   #4
tle
 
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hi im also .TO trade 4 am to 6am
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Old Jul 1, 2009, 6:17pm   #5
 
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Hi guys,

Greetings from toronto. I am a newbie. I haven't started to trade crude oil futures. But I am ready to trade. I thought I could introduce myself. I live in GTA (bloor/Lansdowne area). Perhaps, I could meet with you guys for a coffee or so and exchange some information. I would appreciate your response. Thanks
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Old Jul 1, 2009, 6:46pm   #6
 
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Im in the To area too and trade crude.
I try not to trade US crude when the pit is closed and don't usually enter after 2PM
Earlier in the morning 2AM onwards you can catch some moves because Brent is being traded and US crude moves along with it
Nicola
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Old Jul 1, 2009, 7:15pm   #7
 
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Where is Brent traded? UK?
What is its symbol here in the US?
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Old Jul 1, 2009, 9:00pm   #8
 
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Quote:
Originally Posted by Nomadtrader View Post
Where is Brent traded? UK?
What is its symbol here in the US?
Brent Crude futures are traded on the Nymex. It depends who your broker is, Interactivebrokers have it. The code is BB
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