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Old 03-22-2010, 01:39 PM   #17

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Re: Oil Trading

Quote:
Originally Posted by Dinerotrader »
Everyone switched to the K contract on Friday. Did you see my post above?
yea, I thought people were switching from the March to the April, not from the April to the May. What the heck.
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Old 03-22-2010, 01:54 PM   #18

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Re: Oil Trading

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Originally Posted by jonbig04 »
yea, I thought people were switching from the March to the April, not from the April to the May. What the heck.
JB - just trade the contract w/ the most volume. Problem solved.
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Old 03-22-2010, 02:01 PM   #19

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Re: Oil Trading

I wish it were that simple, but yea I'll get it figured out.
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Old 03-22-2010, 02:15 PM   #20

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Re: Oil Trading

This should be helpful

Light Sweet Crude Oil


Light Sweet Crude Oil



http://www.cmegroup.com/trading/ener...fications.html
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Old 03-22-2010, 02:22 PM   #21

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Re: Oil Trading

So is it safe to say the majority of the volume will be on the K contract rather than the J? Or does it just depend on the day?
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Old 03-22-2010, 02:26 PM   #22

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Re: Oil Trading

Quote:
Originally Posted by jonbig04 »
I wish it were that simple, but yea I'll get it figured out.
How is it not simple?

Create quote window/workspace with CL contracts - as you saw what I did.
Check it daily.
Trade contract w/ the biggest number.

As Dinero pointed out, rollover was occurring last week. If you didn't realize that, then you probably shouldn't be trading this until you understand what contract to be trading.
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Old 03-22-2010, 02:34 PM   #23

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Re: Oil Trading

Quote:
Originally Posted by jonbig04 »
So is it safe to say the majority of the volume will be on the K contract rather than the J? Or does it just depend on the day?
I am no expert but I have never seen a day where the volume on the next oil contract in line was larger than the prior on one day and then switch back to having lower volume than the prior. It seems like once the volume switches to the next contract, that is where the larger volume stays.
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Old 03-22-2010, 02:46 PM   #24

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Re: Oil Trading

Quote:
Originally Posted by brownsfan019 »
How is it not simple?

Create quote window/workspace with CL contracts - as you saw what I did.
Check it daily.
Trade contract w/ the biggest number.
I suppose I could do that if the volume is going to flip flop between contracts. If not, there is really no point, I'll just stick with the new one. The reason it's not so simple for me is just because m y setups usually take a few days to fully play out. It just means I'll have to have separate workspaces for each contract which is no big deal.

Quote:
Originally Posted by brownsfan019 »
As Dinero pointed out, rollover was occurring last week. If you didn't realize that, then you probably shouldn't be trading this until you understand what contract to be trading.
Why not? It's obviously pretty easy to see when your watching the wrong contract lol.
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