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Old 04-12-2007, 03:00 PM
The Bear The Bear is offline
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Re: Market Internals for Oil

Hi cooter

I prefer the regular size contracts rather than the mini ones. I like the larger risk and the larger potential gain, that happens within seconds. I did trade the QM contract last year a bit, but I found I got some slippage at times intraday...1 tick at the most. The CL contract is the main market and that's where I feel at home for some reason. QM is great for situations where you want to scale down your risk though, and it's perfectly fine for slightly larger time frames.

Margin on the CL is around 2000.00 per contract intraday and around 4000.00 per contract pre/post market. Margin may be even lower on ICE, I'm not sure.

I trade in different time frames...like the 5-min, 15-min for example....but I go for different targets...usually 30 ticks....sometimes less, sometimes more.

I'm not much of a swing trader or position trader (not very good at it), but I'm slowly getting into it again. 2 years ago I was swing trading quite a bit. I'm trying to swing trade MRO (Marathon Oil), and picked up some a few days ago.


Last edited by The Bear; 04-12-2007 at 03:17 PM.
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