Anyone have comments on trading Crude vs Index futures... I have not done crude in over a year.... very frustrated with the indexes ES / NQ / TF / YM..... looking for a change
Have you recently backtested your trade method on Crude to determine if its suitable to switch from the Emini futures to Crude futures ??? wrbtrader
Yes I have... My method is a momentum play Long or Short... yes the strategy works... definitely takes some getting used to thinking in terms of .01 moves
Obvious observation: crude typically has a much bigger range than the indexes. Typical to see a 1% range in crude, not as typical on the indexes until lately.
why trading ES / NQ / TF / YM could be frustrating? because its movement could be disorganised, jerky, sluggish, messy. day range could be small, could be huge. there are some days where its movement is organised / tidy, and it is easy to trade. Same goes for crude oil. There are some futures which hardly move eg US bond / notes / eurodollar. There are some futures which are very violent (heating oil, RB gasoline). These are very difficult to trade. So what is the solution? You have to accept the fact that different futures behave differently. even for a particular futures, its behaviour/ characteristic changes every day. For my case, I trade about 20 futures at any one time. So I can pick and choose what to trade.
For whatever reason, I inferred that the OP was referring to intraday trading. If that is indeed the case, then I don't think your approach would apply to him. May I assume that your time horizon is somewhat longer?