You can look into the following. crude oil has some correlation with - index futures index futures up, oil up - US dollar at times, the big boys focus on moving the US dollar. so you ended up copper/oil/gold/aud/gbp/eur moving together - oil inventory level but lately, the market has been immune to the Wednesday oil-level inventory announcement Do note that sometimes the markets move in tandem (like those mechanical bicycle/gear ...). Sometimes there is a delay correlation; A move first. Then B moves a few minutes/hours later.
Singapore Index moved massively during the recent US session. This is rare. Some big boys must have moved it. So far no news about it. The professional writers must be still sleeping ?!?! European stock market - very dead. the index futures day range has decayed very badly. When is the storm coming?
exports data just released about an hour ago; Singapore's key exports contracted by 9.8% in Apr. hmmm. Someone got the data way before it was publicly released? Authority/Regulator, please investigate those who traded it on Yesterday's US session.
One more pattern. This pattern happens today. The Europeans move the oil (and also copper). During the end Eur / early US session ( see the chart posting #829 in which I drew the vertical line). The Americans move the oil (and also copper). Summary. If oil moves during a session, it might move during the next 1 or 2 sessions. The Asians, Europeans & Americans traders are always watching each other.
Thanks, I will keep that in mind. If the trade turns against you, would you leave at break even or wait for the stop-loss to hit ?
My max STOP for CL is about 12 ticks to 15 ticks. If the price move in my favor, I'd adjust my STOP (protective stop) after the price has formed another retracement pattern (sharp V pattern). If the price doesn't move in my favor, then too bad for me.
NSE gets approval to delist Nifty50 from SGX, SGX Nifty rechristened GIFT Nifty on 3 Jul 2023. SGX Nifty 50 index futures will be known as NSE IFSC Nifty 50 index futures SGX Nifty Bank index futures will turn into NSE IFSC Nifty Bank index futures SGX Nifty 50 index options will be known as NSE IFSC Nifty 50 index options.
12 ticks to 15 ticks is tiny, your entry timing must be perfect. This happened last year "The Enforcement Directorate on Thursday arrested former NSE top boss Chitra Ramkrishna in the money laundering case"
I entered this at the end of yesterday's Eur stock market session. max STOP was 14 ticks. When the signal is coming, we must be on high alert; the ladder must be armed and with a one-click function, and the finger must be ready to press on the mouse. Notice that I entered a little late. I could have entered a little earlier but I was waiting for the Chinese traders to trade the Shanghai INE crude oil futures (which opened around that time).