I mainly trade the ES, its my baby, but trying to branch out to different markets. I tried the 6E, and honestly don't like it that much. Too much geopolitical factors involved. The CL seems better suited..
Several questions who trade the instrument..
1. I know that it expires every month. When do you switch over to the next month?( i know when the rollover date is, but do you switch when volume takes over on the next month, or automatically the next morning?)
2.Do you merge back adjusted data?
3.The ES is best traded in the morning and the Afternoon, during lunch time, its mainly dead. Is the same true with the CL? Are there any lull periods?
4. Besides the crude inventory reports, what other type of news affects this instrument?
5. Anyone using market profile, does it respect pivot levels like the ES does? ES might exaggerate by 1-2 pts, but if tends to not go any more than that if it truly respects market profile levels... Is this true for CL?
6. I will do my own bid/ask analysis on this, but if anyone wants to give an input on t his matter, your welcome.
7. When using stop orders, how much slippage should i account for? I know it doesn't do the same volume as the ES....
Anything else that might seem important, please do note here..