NexusFi: Find Your Edge


Home Menu

 





Trading only oil


Discussion in Commodities

Updated
      Top Posters
    1. looks_one ES Jedi with 2 posts (2 thanks)
    2. looks_two lightsun47 with 1 posts (1 thanks)
    3. looks_3 Kefkas Laugh with 1 posts (1 thanks)
    4. looks_4 nikto with 1 posts (1 thanks)
      Best Posters
    1. looks_one ES Jedi with 1 thanks per post
    2. looks_two nikto with 1 thanks per post
    3. looks_3 swimmus with 1 thanks per post
    4. looks_4 blackgrey45 with 1 thanks per post
    1. trending_up 1,727 views
    2. thumb_up 7 thanks given
    3. group 8 followers
    1. forum 7 posts
    2. attach_file 0 attachments




 
Search this Thread

Trading only oil

  #1 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 384 since Oct 2021
Thanks Given: 718
Thanks Received: 388

I am making the switch from indexes to oil trading and just curious of any of the fundamental or technical news /setups I should be aware of? I am pure daytrader scalper … I use a 20 tick range chart and no indicators … the oil volatility really attracted me to making the change and I am at the stage in my trading career where I want to be all in on one thing and really learn it and all of its ins and outs and master myself and my trading …. Any and all thoughts and advice are welcome


Sent using the NexusFi mobile app

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Any futures traders in Texas looking to give back to tho …
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
VFC turning around or continuing to fall?
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
My NQ Trading Journal
24 thanks
Diary of a simple price action trader
20 thanks
Just another trading journal: PA, Wyckoff & Trends
12 thanks
Coding money management strategies.
11 thanks
Daytrading ES & NQ
9 thanks
  #2 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
Thanks Given: 492
Thanks Received: 296

Different markets behave differently. This is same as understanding two female friends. Each will be different with different type of likes, behavior, attitudes, styles, needs, wants, etc.

But, there will be also some common aspects as well which you can learn. In this case, it's different markets tend to have some common edges and trade setups.

Just give it some time. Learn the behaviour. You should be fine. And yes, stay away when crude oil inventories happen every Wednesday. Stay green. Good luck.

Reply With Quote
Thanked by:
  #3 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 384 since Oct 2021
Thanks Given: 718
Thanks Received: 388



lightsun47 View Post
Different markets behave differently. This is same as understanding two female friends. Each will be different with different type of likes, behavior, attitudes, styles, needs, wants, etc.

But, there will be also some common aspects as well which you can learn. In this case, it's different markets tend to have some common edges and trade setups.

Just give it some time. Learn the behaviour. You should be fine. And yes, stay away when crude oil inventories happen every Wednesday. Stay green. Good luck.



Much much appreciated!!!!


Sent using the NexusFi mobile app

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #4 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL ES MES M6E MGC
Frequency: Several times daily
Duration: Minutes
Posts: 774 since Jul 2022
Thanks Given: 872
Thanks Received: 907

I made the jump to crude also. I came over from stock indices. I have noticed that crude can jump 20 ticks when it hits new highs/lows.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #5 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
Thanks Given: 92
Thanks Received: 60

I switch to Crude Oil 2 years ago , i never regret this step. For me oil is the perfect market but aware of big volatility and liquidity changes. I wish you the best, good luck.

Reply With Quote
Thanked by:
  #6 (permalink)
Klausger
Stockholm and Sweden
 
Posts: 6 since Nov 2022
Thanks Given: 2
Thanks Received: 0

I like oil. Good Moves there.

Reply With Quote
  #7 (permalink)
Kefkas Laugh
okc, ok
 
Posts: 26 since Aug 2022
Thanks Given: 35
Thanks Received: 63

Dont be short if war breaks out lol.

I like oil much better than ES...good volatility but moves a little slower. ES can be so erratic it just wipes me out most times...respect to those who can trade it well.

Reply With Quote
Thanked by:
  #8 (permalink)
swimmus
Charlottesville, VA USA
 
Posts: 25 since Oct 2019
Thanks Given: 4
Thanks Received: 16

Just started trading oil again and like it for its moves, especially if ES just range bound. Its a really thin market so discipline on stops will be key imo. As with all markets though, if you are familiar with Auction theory, CL trades with the same principles, just often more volatility.

It is very sensitive to news, especially news you may not hear or read about in the mainstream, and it will cause it to move very fast without any apparent reason. When trading oil, I tend to keep my eye on the news a little more vs the ES.

Reply With Quote
Thanked by:




Last Updated on November 26, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts