Originally Posted by rs1 »

Perhaps someone with more knowledge of the intricacies of how these futures work could explain further.

Sure. You're a newbie. We get that.

Go read a book if you really want to know. There are many out there for you to Google and download. Or buy from Amazon if you need a hardcopy.

Or you can go to the NYMEX website and CME Globex manual and read all about how orders are handled by the electronic matching algorithm.

We've all been there, done that.

A little self-help here goes a long way. So spend some time during RTH actually watching crude oil on the charts and the DOM and the T&S live as it happens. Get a feel for what you think is going on between the buyers and the sellers.

It isn't going to come together for you right away until you realize what is important in trading the markets and what isn't.

-fs

[rs1]

Fair enough, I will spend some more time looking it up and watching the book. I just thought may be there was someone on here who had real-world experience of trading these futures and could offer an insight that you can't get from the manuals or the books. That was the idea behind putting this out on the forum.

Cheers