brownsfan019

I have not heard of rebates being offered on futures.

IMO you'll find that your strategy is great, until it's not and that 1 loss wipes you dry. If you go along the lines of 'simple math', what happens if you go long at the high of a trend and then just keep averaging down? What happens if that doesn't revert back like you expect? In the end, it's still risking $4000 to make $50, no matter how you slice it up. I think you will have a very high win rate but that only tells a fraction of the story.

There you go, DT got it.

Guys, this thread is what YOU the poster or YOU the reader gets from it. So as far as I am concerned, you are all wrong as there is no absolutes to why people post here and/or read the posts here. The very first post of the thread explains what this thread is about. I'm hoping to get back to posting more here in the future. I've been extremely busy, which Dinero can attest to. So if you want to post in the thread, then post away. If you want to just lurk, lurk away. But exactly WHY you do what you do, is your business.

I'm sensing there is no age restriction on who can post on TL. To ignore this silly thread and OP go.

So... On your example, you are risking $4000 to make $50?

Yes, OEC now supports most EL.

Also - do you trade w/ stops? If so, better list those as well. If not, why not?

I see what you are saying, it was just kinda funny that up to 3 ticks is scalping but 4 ticks is not... Is there really much of a difference over 1 tick? Going for 4 ticks = $50 which is not much at all some would say (myself included) and I would say that's the very definition of scalping. Too each his own, good luck w/ your journal.

1-3 ticks = scalping 1 pt = not scalping but you do realize that 1 pt = 4 ticks, right? Just made the cutoff.

If it was so obvious, then why were you asking where the volume was today? When it was obvious that it was a huge volume day... That's the point. Obviously it wasn't obvious to see that you were trading the wrong contract or you wouldn't have posted to begin with. I'll never understand how people can be trading the incorrect contract when a 5 second glance at a quote window will tell you what you should be trading.

How is it not simple? Create quote window/workspace with CL contracts - as you saw what I did. Check it daily. Trade contract w/ the biggest number. As Dinero pointed out, rollover was occurring last week. If you didn't realize that, then you probably shouldn't be trading this until you understand what contract to be trading.

JB - just trade the contract w/ the most volume. Problem solved.

Are you on the K contract JB? B/c this is great today - awesome volume and awesome moves.

Jim - take a look at Open ECry's platform. The demo version is great and very generous with live data. It may not have all the back data you require, but you can plug eSignal into it if need be.

You from Cleveland, OH?

And LLS says thank you too!

Inferior or superior, doesn't matter - just curious how anyone would know this. If the issue is based on lag, that's one thing but not necessarily what defines a feed better than others as it could purely be on your end. I'm just curious how one defines a feed better than others and substantiate it.

How can you possibly know that James? As a matter of fact, just last weekend or the weekend before Zenfire was showing trades on their data on a Saturday on the CL (when the market is closed)... Please show some evidence of Zenfire's feed being superior to others; otherwise you are just giving an opinion w/ no basis of fact.

Little bump for anyone shopping this weekend.

Oil is currently split in it's volume as rollover approaches. It's also providing some very tight trading yesterday and today. Trading these tight ranges can be difficult, so tread cautiously when you see the volume being split between contracts. Oil rolls monthly and since it's not as big a market as say the ES, when 50% are trading 1 contract and 50% the other, it can be difficult to get sustaining moves IMO.

I'm here lurking EJ and chiming in on some threads. A little vacation from posting daily I guess was needed.

Gotcha. Yeah I didn't understand how the 'hedge' didn't really hedge. lol

Does it really need to complicated though James? One could argue you have a point at which you are wrong and should exit the trade - not turn it into an investment or long-term position. At the very, very least - an oh sh*t stop loss could have been used to prevent a drawdown like this.

Here's my little contribution... For all the oil traders out there! Good luck w/ the thread DT, I hope you can generate some interest.