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Confluence with WTI

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Confluence with WTI

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  #1 (permalink)
Atyrau, Kazakhstan
Experience: Beginner
Platform: IB, Investor RT
Broker: Interactive Brokers/iRT and IQFeed
Trading: ES, EUR, WTI.
Posts: 3 since Apr 2016
Thanks Given: 3
Thanks Received: 1

I am interesting trading WTI and would like to use another product to test confluence....which products behave similarly to WTI and are the best to assess confluence?

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  #3 (permalink)
New Waverly
Posts: 17 since Jan 2016
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Thanks Received: 8

A lot of people that trade CL also like trading TF. I don't want to play the fees to trade TF other wise I would. To my knowledge they act very similarly in the sense of strong violent moves are not uncommon on even non-news days.

Just my two cents though,
If you are starting out, don't start with crude. I did and lost a lot of money in the learning process. I now wish I would have started with 6E or 6J. A much cheaper way to learn.

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Last Updated on May 12, 2016

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