[firewalker]

Originally Posted by brownsfan019 »

Nice article FW. Personally, I haven't seen it on intraday charts in the AM session, which is what I trade. Not debating what the article is saying, but for my personal trading on an intraday AM basis, I haven't seen like a few years back.

Well it depends on what your focus is on ... but take yesterday for example, when US indices opened, they rallied up, so did oil. Then later in the day they fell off quite a bit and fast, and at same time oil reversed and fell from above $81 to below $79...

[brownsfan019]

Originally Posted by firewalker »

Well it depends on what your focus is on ... but take yesterday for example, when US indices opened, they rallied up, so did oil. Then later in the day they fell off quite a bit and fast, and at same time oil reversed and fell from above $81 to below $79...

Ok, point taken. Sometimes there is correlation on the 2 markets. Sometimes there is zero correlation. And sometimes they are negatively correlated.

My original post has been edited, hopefully that meets your criteria.

[firewalker]

Originally Posted by brownsfan019 »

Ok, point taken. Sometimes there is correlation on the 2 markets. Sometimes there is zero correlation. And sometimes they are negatively correlated.

My original post has been edited, hopefully that meets your criteria.

I just found the article interesting, and also from my personal observations, equities and oil seemed to move along in the same direction. What happens after hours or premarket is a different matter...

Btw, "zero" correlation is unlikely too

I'm sure there are plenty of people out there who keep track of how markets are correlated and are much more knowledgeable on the subject than me...

[Dinerotrader]

Oil 11/18/09. Just a quick look at where we stand on the long term chart. We touched the current trend line today about .5 seconds after oil inventory came out. I'll be looking for some major down swings over the next few days unless that trend line is broken to the upside.

[Dinerotrader]

Originally Posted by Dinerotrader »

Oil 11/18/09. Just a quick look at where we stand on the long term chart. We touched the current trend line today about .5 seconds after oil inventory came out. I'll be looking for some major down swings over the next few days unless that trend line is broken to the upside.

Well, we got that drop I was looking for. Too bad I was on the road while it happened. I love it when the trend channel just keeps showing you where price might be headed.

[diablo272]

Can someone explain the contract months to me for GC? It seems that right now the front month is the Dec'09 contract, but I've been trying to view some historical charts (Zenfire doesn't have a continuous contract so I have to view historical data for each individual contract month), and I can't figure out which contracts would go with which months' data. For example, looking at data from 8/20/2009 to 8/30/2009, I thought that I would be using the 08/2009 GC contract, but that didn't look right, so I tried the 09/2009...still not right, tried the 10/2009, still not right, until finally I came to the 12/2009 contract, and that looks right. So at the end of August the 12/2009 contract was the front month??? I really wish every CME contract could just follow the 3/6/9/12 schedule of the index e-minis.

[brownsfan019]

I'll do my best... Today was a good example where I rolled to the GCLF0 contract b/c it was trading more volume. And today was the first day I traded the F0 contract.

Maybe you can use that to piece together how this contract works and what to be looking at for back testing.

[diablo272]

Thanks BF. After messing around with my historical data a bit more, I think I have a slightly better grasp of it. In your example though, would GCL be the oil contract in OEC? I'm talking about GC, the gold contract (I think it would be GGC in OEC).