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.
Never Make A Winner A Loser. Never.
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.
That was a big trade for me....Cashed in early this morning, broke fairly hard from 9299, saw 9200 near the open this morning.
As of right now the low for today is 9171, my absolute low was 9178......not too bad of a call.
The only thing that is sort of a bummer is that I don't get an abundance of setups like this one......everthing lined up near perfect, and the ability to take a full dollar (100 ticks, 1k per contract) in a few hours is pretty rare.
Long night, it is miller time. Man, that was a big trade.
Never Make A Winner A Loser. Never.
That was a big trade for me....Cashed in early this morning, broke fairly hard from 9299, saw 9200 near the open this morning.
As of right now the low for today is 9171, my absolute low was 9178......not too bad of a call.
The only thing that is sort of a bummer is that I don't get an abundance of setups like this one......everthing lined up near perfect, and the ability to take a full dollar (100 ticks, 1k per contract) in a few hours is pretty rare.
Long night, it is miller time. Man, that was a big trade.
Hot Forum Topics
