With all the uncertainty surrounding the EU zone, I say you're a real nut. If something negative comes out over the weekend, we could even gap down--significantly. Why take the chance?
the market already factored in, when the real news out, nothing will happen, may gap up. since the uncertainty is not there anymore.
Just curious. Do you guys enter on market orders? And, if so, how much slippage do you "typically" experience during "normal" price action? And what has been the largest slippage on a market order that you have experienced to date with CL?
any thing can happen in the weekend, do your best. that is why I like to say trading is a gambling activity. if the risk is in your tolerance, then go with it, otherwise do not take it.
I use market orders when I sense that the train has left the station. But the spread ain't so bad during the day, which is usually around 2 or 3-ticks. In the globex session, it could be as wide as 6-ticks. But under normal conditions, I find that a limit order works just fine if I'm patient enough. The damn thing chops around a lot as you might already noticed.
I personally will look very careful to maybe, maybe I said maybe take a long position for week or two on Crude Oil, my Chart is giving me the indicators that this could be Bottom, let see if it test 69.50 Look at my Chart