Market Internals for Oil

[The Bear]

	Quote:	cooter
	Dunno where the energy traders hang out - try googling it, you might find a forum or two for fellow gas or oil traders. Can't say I've traded any of the energies yet - I think the grains suit my overall risk/reward ratio better. (Still trading the high-risk 30yr bonds though - took 9 ticks last Friday when the report came out. At $31.25/tick, it was a Good Friday, indeed.)

9 ticks, that's pretty nice. Do you trade the initial spike or stand aside.

[cooter]

	Quote:	The Bear
	9 ticks, that's pretty nice. Do you trade the initial spike or stand aside.

Straddle on the initial spikes. Only 2 cars this time around, although I've done this with up to 25 cars at a clip. Major stress, though - as you can imagine.

[cooter]

	Quote:	The Bear
	Grains are heavy duty...there's some big action there. What are your thoughts on Soybeans? Pullback or beginning of possible downtrend.

I'm rather myopic about the grains. Don't really care where it's headed after the day is over.

Keeps me from forming opinions about where I think the market is going, when all I really need to focus upon is where the market is taking me each day.

It's a subtle, but important nuance that has vastly improved my portfolio.

[The Bear]

	Quote:	cooter
	Straddle on the initial spikes. Only 2 cars this time around, although I've done this with up to 25 cars at a clip. Major stress, though - as you can imagine.

Ya sometimes you have to go for the throat....it's how we make the huge gains. I don't like that feeling in my stomach though, when I over leverage myself, all it would take is one freak incident and I'm a gonner...I'll be working at wendy's for the rest of my life I find my heart beats so rapidly at these times I can't think logically.

>I'm rather myopic about the grains. Don't really care where it's headed after >the day is over.

>Keeps me from forming opinions about where I think the market is going, when >all I really need to focus upon is where the market is taking me each day.

You mean it's possible to actually trade these things intra-day? I always thought ags was mostly overnight trading. Maybe I gotta check it out one day. From what I remembered I looked at the intra-day charts and they were full of gaps, holes, and mess.

[cooter]

	Quote:	The Bear
	You mean it's possible to actually trade these things intra-day? I always thought ags was mostly overnight trading. Maybe I gotta check it out one day. From what I remembered I looked at the intra-day charts and they were full of gaps, holes, and mess.

Yep. Since this is an oil thread, I posted some screenshots of the grains over on the Volume on Ag's thread....

http://www.traderslaboratory.com/for....html#post9549