I just read this thread 30 minutes ago and I have my Oil chart open.
I would love to give you my inputs on oil but I still have difficulties understanding your strategy... can you elaborate a little more on your way of thinking? What do you do once you open your charts? What time zone are you in? (This is really important to me so I know when you start).
I just read this thread 30 minutes ago and I have my Oil chart open. I would love to give you my inputs on oil but I still have difficulties understanding your strategy... can you elaborate a little more on your way of thinking? What do you do once you open your charts? What time zone are you in? (This is really important to me so I know when you start). Thank you for sharing.
Ignored
Go through the day candle before opening a position. I usually enter trade after London open. But today i opened my positions in asian timings.
Quoting Nivashkumar:
"I usually enter trade after London open. But today i opened my positions in asian timings."
CL futures has good liquidity and price movement after London open and NY open. I normally don't like trading CL in Asian session as it is thin and has no volatility. Easy to incur slippage trading 15 contracts unless use limit orders.
I see very narrow price range on the daily bars, and going sideways. Maybe in a "BB-Keltner squeeze", waiting for some news to breakout. Wednesday inventory could be a clue, short term.
Your trades so far lasted for hours collected just dimes (X tick value X lot size) in a narrow range market. You probably have a good trading plan for that, I imagine.
You kept asking for others' views on direction for CL. Maybe you can tell us your view, and your style of trading, and someone may give you feedback.
can you at least explain what you're trying to say with the screenshot? you say you want to talk about oil trades but you haven't answered my question yet and the screenshot you posted has no explanation on what you're looking at.
Quoting Nivashkumar: "I usually enter trade after London open. But today i opened my positions in asian timings." CL futures has good liquidity and price movement after London open and NY open. I normally don't like trading CL in Asian session as it is thin and has no volatility. Easy to incur slippage trading 15 contracts unless use limit orders. I see very narrow price range on the daily bars, and going sideways. Maybe in a "BB-Keltner squeeze", waiting for some news to breakout. Wednesday inventory could be a clue, short term. Your trades so...
Ignored
Kindly read post# 19 regarding my trading concept. We are retail traders not the institutions. At the end of the day we have to earn some money. Thats why we all are here. What is problem with x lots and x ticks within fraction of hours, if everyone have their own way of trading.
{quote} can you at least explain what you're trying to say with the screenshot? you say you want to talk about oil trades but you haven't answered my question yet and the screenshot you posted has no explanation on what you're looking at. I just want to understand more. That's all
I'm treating this demo account as a real one.Though I expect a breakout I had a risk of 5000 to 6000 dollars , as I had almost 60 lots open. As a trader I have to manage my risk and capital. That's why I closed my positions before the breakout. Chances are always available but not the funds.
