crude oil

[Eloyito]

I trade crude oil full time on the NYMEX session. If any one is in the same channel I'll be glad to have company. By the way, I'm up 20% for the year. Only trade 1 lot. Daytrade. Hope I can find company on wild ride days.

 

[Eloyito]

Forgot to mention. Initial account is 100k

 

[RobertJanalik]

Hi, I am sorry I am not going to be much of a company, because I am just starting. I started trade live two month ago, daytrade crude oil. I trade only one contract, my acc is only 12k. I made little bit, but i feel like my system need improvment. I was wondering if you could help me little. I was wondering if you could tell me about your way of daytrading crude oil.Thank's Robert

 

[rathcoole_exile]

if price bumps again to around 94.5 today I'll short again

 

[hgh]

It'll be better some bump news again. something like the crisis, the war, from my view, the trend is up.I'd like to short it around 100.

 

[Eloyito]

I'll buy on a 5 min. bar close below 94.25. 20 point initial target

 

[Eloyito]

almost, but not yet. Close needs to be below 94.25

 

[Eloyito]

short @ 95.02

 

[Eloyito]

out @ 94.90

 

[rathcoole_exile]

I'm having a fresh bash at shorting this at 95.35

 

[rathcoole_exile]

oh pooh !

 

[rsh01]

Forgot to mention. Initial account is 100k

100k what ccy?

i am short from 9559 CL oct future.

good luck all.

 

[hgh]

95.87 good luck, dude.

 

[rathcoole_exile]

100k what ccy?

i am short from 9559 CL oct future.

good luck all.

October ?

it's only trading about 30% of the volume of September at the moment isn't it ?

I mean, I could understand a Calendar Spread, but I would welcome your explanation about trading an outright on the front month +1 at this time ?

Can you shed any light that would benefit some of us please ?

 

[rsh01]

October ?

it's only trading about 30% of the volume of September at the moment isn't it ?

I mean, I could understand a Calendar Spread, but I would welcome your explanation about trading an outright on the front month +1 at this time ?

Can you shed any light that would benefit some of us please ?

hi RE,

i have always switched over to the next contract the week before expiry. not sure where your getting your vol figs from - this is the cme data for today:

Vol / Change
Sep 12 134,504 0.58
Oct 12 102,002 0.57

IG index change on day is +0.87% vs 0.88%. Still quite correlated, regardless the vol.

The reason behind me changing is partly habitual: the prop firm i used to trade oil at didn't want 1,000 barrels turning up on delivery cos of posNs being left open to expiry - so you had to change the week before; also technical - as they start to diverge in the final week to expiry (not normally til last 2 days though). Its pretty irrelevant to me now as i am trading through an SB.

Light Sweet Crude Oil (WTI)

Please provide the source of the data if you contest.

Thanks.

 

[rsh01]

forgot to add - its stopped out anyway -50

 

[rathcoole_exile]

hi RE,

i have always switched over to the next contract the week before expiry. not sure where your getting your vol figs from - this is the cme data for today:

Vol / Change
Sep 12 134,504 0.58
Oct 12 102,002 0.57

IG index change on day is +0.87% vs 0.88%. Still quite correlated, regardless the vol.

The reason behind me changing is partly habitual: the prop firm i used to trade oil at didn't want 1,000 barrels turning up on delivery cos of posNs being left open to expiry - so you had to change the week before; also technical - as they start to diverge in the final week to expiry (not normally til last 2 days though). Its pretty irrelevant to me now as i am trading through an SB.

Light Sweet Crude Oil (WTI)

Please provide the source of the data if you contest.

Thanks.

yep, you're quite right, today's ratio looks about 5:4
I'd looked at yesterday's (and all previous days this week) volumes to confirm the numbers
but I can very well see why the volumes are approaching parity today, thanks to your fine explanation.
many thanks !

 

[rathcoole_exile]

forgot to add - its stopped out anyway -50

yep, I guessed something like that :-(

chin up for next week

 

[rsh01]

yep, I guessed something like that :-(

chin up for next week

lets hope its not as dull as this week!