Euro close set up . +34. One of these days, I will hold a trade to it's full potential target. (lol). short 109.34, cover 109.04 and 108.90.
Trading the box. +14, +50. Who says trading CL does not require patience and luck? Mostly done for the day, unless i see a MONSTER VOLUME spike in either direction.
$2.50 all fees included. $1.25 per side. Have not found anyone who can match that. Only way to lower commission below this is to lease CME seat.
Regular price is $3.50 each way. I've never heard of $1.25 - the lowest they told me was $2.50 but that's only with serious monthly volume traded. What did you do to get it down that low?
02-28-2012 ist trade . short 108.64 , cover 108.12. +52. Tough day, had couple of stop losses at open as i had bearish bias. ES at major resistance but refuse to go down. CL yesterday price action weak, NO FRESH NEWS out of Iran , LTRO tomorrow from ECB, API ( American institute of Petroleum) report at 4.30 today etc.. lot of things in play.
short 108.54 into euro close. +34. Now long of Asian session low. I like low VOLATILITY market- only problem is one has to hold for 30 minutes or more to make 40+ ticks. Traders who get used to VOLATILITY get bored. I get bored too but try to trade what we got. Following is in response to a question: I use daily ATR of 2.5 ( this year ATR has been around 2 or even less) to set targets. I also use the difference between OR high and low to set daily targets. For example for today OR is 108.54-107.62. .92 ticks is the difference between OR high and low. So upside target is 108.54+.92= 109.46 downside target= 107.62-.92= 106.70 Another way to set targets is to apply some multiple to IB ( Initial Balance).