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Big change in volatility and liquidity in all the markets that I'm following. I'm taking more stop outs, but I'm also getting bigger moves when it does go.
I am from Sydney as well. Good to see another Aussie trader.
Just be careful with oil at the moment, especially with US holiday.
I am just trading within the range of it.
Remember early close today.
Also been having a little trouble trading oil of late.. Been getting chopped most the month except for Thursday last week where I managed to make back losses.. I trade oil exclusively so probably won't step back unless I hit my monthly drawdown.
Another Ozie trader here! Geez we have it bad on the trading hours front.. Do any other Ozie traders struggle to focus at 3 or 4 in the morning or is it just me?
Moving back to Panama in a few weeks so looking forward to the change in trading hours
Yes very hard to trade during Commodity Open at 9 am. (1am Sydney time) Just gotta do it I guess.
Only watch till about 3 am. By the end of the week I am stuffed.
However due to Crude's volatility as of late, I am finding decent opportunities during the Asian market sessions.
Oil is a good market you can exclusively trade. All depends on your personality.
I trade till 1am tops then its bed, Im still on sim tho so less incentive for me. If I go pro then Id probs move out to somewhere in Europe as its just a lot more convenient to trade there. Quick question about Panama, are traders taxed at the 25% income tax there? How do you find living there?
Started trading full time in November so at least I can catch up on sleep and don't have to go work a 9-5. Love everything about trading CL.. Will eventually trade a second instrument once I can split my account with enough capital.
Usually trade from 10pm - 2.30am but will hold a position to the close if required. Fallen asleep several times while trailing positions!
Living in Panama is like living the dream for me! Lived on the caribbean side for over 3 years as my wife is from there and loved every moment.. Its relatively cheap, has great waves, decent diving, safe and plenty of islands to explore so has it all in my eyes..
Didn't trade when I was living there last but from the research I have done foreign income is tax free so shouldn't have to pay any tax. So ticks all the boxes for me! Been back in oz for a couple of years and have been stinging to get back since day one! PM me if you want any info.
I have been trying price action trading on CL but not had success till now.
Can anyone share trading journals/Trading hideouts where futures.io (formerly BMT) users post their daily CL trades??