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Old 03-18-2010, 12:03 PM   #9

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Re: Oil Trading

Nice ending diagnal there. I know Thales uses these in the right context. I couldn't do much with it since it was right below my S/R level.

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Old 03-18-2010, 01:06 PM   #10

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Re: Oil Trading

Oil is currently split in it's volume as rollover approaches. It's also providing some very tight trading yesterday and today.

Trading these tight ranges can be difficult, so tread cautiously when you see the volume being split between contracts. Oil rolls monthly and since it's not as big a market as say the ES, when 50% are trading 1 contract and 50% the other, it can be difficult to get sustaining moves IMO.
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Old 03-18-2010, 03:56 PM   #11

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Re: Oil Trading

Quote:
Originally Posted by brownsfan019 »
Oil is currently split in it's volume as rollover approaches. It's also providing some very tight trading yesterday and today.

Trading these tight ranges can be difficult, so tread cautiously when you see the volume being split between contracts. Oil rolls monthly and since it's not as big a market as say the ES, when 50% are trading 1 contract and 50% the other, it can be difficult to get sustaining moves IMO.
Good points BF. Here is how the volume ended up today between the J,K, and M contracts. I am hoping to not change over to the K contract until Monday so I can redo all my charts over the weekend.

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Old 03-19-2010, 09:37 AM   #12

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Re: Oil Trading

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Originally Posted by Dinerotrader »
Good points BF. Here is how the volume ended up today between the J,K, and M contracts. I am hoping to not change over to the K contract until Monday so I can redo all my charts over the weekend.

Had to switch to the K contract this morning.

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Old 03-22-2010, 12:40 PM   #13

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Re: Oil Trading

What's with the light volume today?
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Old 03-22-2010, 12:46 PM   #14

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Re: Oil Trading

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What's with the light volume today?
Are you on the K contract JB? B/c this is great today - awesome volume and awesome moves.

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Old 03-22-2010, 12:55 PM   #15

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Re: Oil Trading

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Originally Posted by brownsfan019 »
Are you on the K contract JB? B/c this is great today - awesome volume and awesome moves.

I'm on the 4/10 contract. Dangit, why is the 5/10 all of the sudden so much better? The vol has been fine on this contract all the other days, it's weird. Isn't this the front month?
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Old 03-22-2010, 01:11 PM   #16

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Re: Oil Trading

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Originally Posted by jonbig04 »
I'm on the 4/10 contract. Dangit, why is the 5/10 all of the sudden so much better? The vol has been fine on this contract all the other days, it's weird. Isn't this the front month?
Everyone switched to the K contract on Friday. Did you see my post above?
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