Posted: 8/9/2012 11:49:32 PM
Agreed that trading before the true rollover adds some uncertainty. With the volume being split between contracts, we are more likely to see a lack of steam and follow through. The good news is that volatility should be limited...meaning I will have a set of parameters to exit, and more importantly things should not happen too quickly.
To answer your question on why I trade oil futures..... the front month futures contract on Crude oil outrights is what I have specialized in trading and was initially trained to trade.
Admittedly, I am a novice when it comes to options.....I understand the basic principles (when they expire in relation to the futures contracts) but I am not sure what the best way is to implement my specific approach. As far as ETFs go, I have heard the term in the past, but I do not know exactly what they are.
Showing 9321 as of now....looks like asia is pushing us down a bit towards the low.
Looking to rack the profits before morning, if not, I like a breakout on open, from 930-1030 (mountain time), or on the close @ 1145-1215 (mountain time).
We have Import/export #'s @ 630 and treasury budget @ noon...coast is clear, here we go.