Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Ideal long and short set ups- if one does not want to hold a trade for hours. There needs to be some movement to have an opportunity. When somethng is balancing- taking the other side of a FLUSH down and FLUSH up makes sense to me.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
Nobody has mentioned it yet so I will mention QM the Crude Oil eMini. Half the size of CL (500 barrels) and it trades several thousand a day. Big disadvantage to CL is the 5c/bbl tic ~ $25. When charting QM don't chart QM - chart CL. It might not trade as much as CL but the market is there all the time 1 tic wide - HFT guys keep it in line - so liquidity is there to trade, even if charts do not show the prints.
Interesting thing about QM is that it's financial settle so if you take it to expiry (not sure why you would though) there's no physical. Should point out QM expires the day before CL.
Kind of surprised /CL didn't have a stronger reaction or already priced in etc
I think I'm going to give up on my Forex Factory calendar and use Investing dot com. They only problem w/ the latter is it loads a a bunch of BS and slows down my Firefox when using multiple tabs (I guess easy enough to work around.) Point being is Investing eco calendar has far more depth than FF
Maybe give up on Firefox esp since they're a huge advocate of net neutrality,,,, but I do not like MS
Drats, decisions to be made
-Bill
EDIT
I didn't look prior to typing this but FF didn't even list the rate decision, what a POS
It seems most(?) folks reference FF instead of Investing. The reason I have FF on my bookmarks tab is I can give it a quick scan and doesn't bog down my browser
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
The front fly (JKM) widened even further on Friday, settling at -68, but today it is in 33c and currently printing -35c but has a high print of -28c which is +40c on the day!
Wish I knew what this all meant. The second fly (KMN) has remained stable through all of this, so I wonder if this is all something to do with April CL and not a (reversing of the) term structure shift like we saw last summer before the puke.