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I'm not sure how long that can last. The Saudis have been fucking the Iranians by tying up the oil tankers, but as we've seen with that other article, it's only a matter of time before new tankers come on the market and at that point the Iranians will pump HARD. They need money. They NEED it.
But this is stuff that is so far outside the day frame...
Guys I'm kind of confused about which ticker I should be charting on TOS - /CL vs /CLN6. When there is a change of contract, there is a gap in /CL and I was wondering if my technical analysis be still accurate? I would prefer to chart /CL so that all my horizontal price levels are there all the time and I don't have to repeat myself every month.
I do not use ToS for futures trading anymore but I still use it to reference some of my studies etc. That said here are my settings
Since ToS forces rollover on you, sometimes I will use the contract specific symbol - in this case /CLN6 (as of this writing ToS has not forced rollover - most likely next THU FRI 6/17.)
Thank you for your explanation! It is very helpful!
I'm from Canada so my options are very limited. Currently, I'm with trading212.com and getting killed by their 4.8 spread on /CL. I will be leaving them ASAP. I will be moving to a commission-based platform. I'm currently looking to move to Interactive Brokers. Do you have any particular platform that you recommend?
I tried tradingview.com for charting, although nice initially, it gets clunky when you add a lot of things to the chart. So, that's the reason I use TOS for charting.
Edit: I tried your settings and I still see a gap on 180D 1 hour chart (attachments)
My 2cents, use Sierra Chart or Ninja or? - they have better data feeds. The data feed is your choice. ToS does not have a good data feed. ToS is good for options, stocks etc
Broker: Infinity Futures, SierraChart RT Data Feed
Trading: Mini-DAX, CL, 6E
Posts: 532 since Jun 2010
Thanks Given: 273
Thanks Received: 403
Hi, I experienced the combination of Interactive Brokers TraderWorkStation (TWS) in combination with Sierra Chart as reliable and fast, especially in connection with a good datafeed and not too exotic instruments. CL always worked reliable.
TWS runs side by side with Sierra Chart and connects through Interactive Brokers API (with some annoying glitches caused by Interactive Brokers > look here).
A great option might be InfinityFutures as a specialized futures brokerage offering their InfinityAT in tight combination with Sierra Chart: Futures Charting Software
As a Canadian you also might want to look at CFD which are pretty common in Europe and Australia. Interactive Brokers does not offer CL as a CFD, but there is an option with LMAX and Sierra Chart look here, commission based and very tight spreads.
After working with some of the common platforms (TradeStation, MarketDelta, NinjaTrader, AgenaTrader and so on) I always came back to Sierra Chart and in the last 3 years I never looked back to another platform. Took me some time and work to fall in love with SC, but I experience SC as the fastest and most reliable in the retail market - and it never ever gets clunky...
You might look at some information I collected here
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Thoughts and some findings ON SIERRA CHART software
I'm completely convinced of realibility, stability, speed, drawing functionality, trading functionality and all other tools of Sierra Chart. Never ever I want to go back to any shiny, polished …
- with some diagrams on the platforms architecture.
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