Heard of CL for a long time, decided to give it a try today

Discussion in 'Commodity Futures' started by BPtrader, Sep 24, 2009.

  1. Recently started trading CL short term myself...finding it pretty easy so far. Avoiding all major events and just picking up .50 cent to $1 here and there....

    maybe i will get burned, but not for much as i'm approaching it pretty carefully.
     
    #31     Sep 28, 2009
  2. Crude Oil is very slippery but fun to play in. :)
     
    #32     Sep 28, 2009
  3. john33

    john33

    rofl
     
    #33     Sep 29, 2009
  4. That's the way to do it!
    Key word here is "Short Term".
    Most of my trade in CL are only 10, to 20 min in length.
    Rarely up to 1 hour, but a few times letting it run, making trailing adjustments my SL point.
    CL trades work very well by using Trend lines, or swing trade.
    If you keep a close watch and actually exit where your SL point is at, you will survive. Keep in mind that your Risk Reward ratio must be 2-1 or greater to out live your SL exits..
     
    #34     Sep 29, 2009