brownsfan019

I'm not trading the Thales method but this was as clear as day to me on your chart:

The King of Oil: The Secret Lives of Marc Rich Description Billionaire oil trader Marc Rich for the first time talks at length about his private life (including his expensive divorce from wife Denise); his invention of the spot oil market which made his fortune and changed the world economy; his lucrative and unpublicized dealings with Ayatollah Khomeini’s Iran, Fidel Castro’s Cuba, war-ravaged Angola, and apartheid South Africa; his quiet cooperation with the Israeli and U.S. governments (even after he was indicted for tax fraud by Rudy Guiliani) and near-comical attempts by U.S. officials to kidnap him illegally. This sure-to-make-headlines book is the first no-holds-barred biography of Rich, who was famously pardoned by Bill Clinton, and resurfaced in the news during the confirmation hearings of Attorney General Eric Holder. It sheds stunning new light on one of the most controversial international businessmen of all time, charting Rich’s rise from the Holocaust, which he fled as a young boy, to become the wealthiest and most powerful oil and commodities trader of the century. From his earliest trading days to the present, Marc Rich’s story is astonishing and compelling. ========= I stumbled on this one while clicking around Amazon. Could be good read. Reviews good on Amazon so far.

Reviews on amazon for this one stay solid so looking forward to getting into it more.

That's not much to go on - I would suggest calling or emailing OEC tech support so they can walk you through the steps.

Wait a minute - a trending indicator works when a market is trending? Bizarre. Now show a day of chop.

That was a couple trades actually - not just one. I wish I could tell OEC to also list the amount of trades but I don't think that's an option. I'll have to poke around.

12-7-09 Final: +$4020.00 What can I say, when you are feeling it in a market, take it. I think my next car's license plate will be something like I LUV OIL or CL TRADER or something like that.

While oil might not be going to $1000 over the next 3 years, it doesn't need to. The CL futures contract moves in ticks of $10.00. Stocks move in .01 increments. So futures traders don't need the contract to move as much as you've tried to illustrate here b/c it's moving in $10 increments whereas stocks are moving in 1 PENNY increments.

Here's the beauty of trading and why it's so interesting in my eyes. Ed here took a net of 14.5 ticks on a 'good' trade and I'm not interested in the CL unless I can push at a minimum of 30 ticks. Personally I won't touch it if I can't get at least 20 out of the trade. To each his own, this was not a dig or anything, just showing how 2 different methods both made money on the CL today.

12-7-09: +$590.00 Nice day on oil once again. As each day passes, I lean more and more towards just trading oil. It's clean and moves with me for the most part. Add in that I could work 9am-Noon EST and that's very attractive. The oil pits are open till 230pm EST but I like to shut it down into lunch. Just something I've been considering more and more lately. I still watch and monitor a handful of markets, but if it's coming to me easier on oil, then maybe I should focus there and possibly just increase the contracts being traded. The nice thing about oil is that even with 1 little contract you can make a nice yearly living.

Just trade the month with the highest volume. If you do that you can't go wrong.

Worked - as in past tense? Or 'still working' as in present tense?

SnagIt is rather incredible with all the things you can do in it. Just spend a little time w/ it and you'll find some great stuff. Here's the SnagIt Learning Center.

That's an interesting, simple way to gauge a trending day or not. Has there been any statistical study done to confirm this?

Attached is a book list I put together that would be a great start to a trading library. Many terms and such are discussed throughout the books. Good luck! Amazon.com trading book reco's.pdf

That's not a bad idea if TS has you what you want. Of course then you have to learn a new charting and order entry system so that may not be what you are looking for either. The simplest way I think is the eSignal plugin. You'll have to buy eSignal data, but maybe they have a delayed and/or end of day only package you can use?

I'm not sure what the most efficient way to do this is Dinero, but you could sign up for a data service like DTN, download as much as you can and then unsubscribe. From there you would then want to try to take the data from OEC and mesh it into 1 large database... How you do this, I have no idea or if it's even possible with OEC data. I know MultiCharts creates data databases when you load it up there. So I guess in theory you could get DTN, plug it into MultiCharts, get the database built and then have it there. But that requires a MultiCharts subscription then. You can also plug eSignal data into OEC charts, but I'm not sure how that data would be stored for future use (if at all). Here's info on the eSignal plugin.

12-4-09 Revised to include PM ES trade: +$2615.00 Yep, that's not a typo. Got a nice setup on the ES and off we went. Afternoon trading has been pleasant to me the last couple days. Have a good weekend all!

I use the right margin. I like it alot. Just depends on how you want to use it. I also requested that OEC give the user the ability to set the size of the right margin, not just a fixed setting they decided on.

I did not talk to Chris.

JB - if you like that, check out the CL oil contract.

12-4-09 Update on this issue I got some answers on this. Here's what I was told: CME implied pricing is the reason for this difference. The data received from the OEC provider does not conform to both of these CME sources (CME total volume and CME time & sales). They are actively working to fix this. OEC is aware of the issue and I asked to be kept in the loop as to when it may be fixed.

I saw that too... odd... not sure if that was real or not.

Found a couple oil icons that I thought were funny. Feel free to use if you enjoy oil as much as Dinero & I! Think I might be needing to change my avator here... :rofl: