Technically, why would you buy oil puts at this point, when it's demonstrating a strong desire to retest previous resistance levels off Thursday's pivot low, leaving behind higher lows and higher highs? Technically, that's a short term uptrend (in a longer term uptrend no less), so why puts now instead of waiting for a lower high to be put in?
and why would you buy puts off a 1 minute chart to hold over the weekend but all this is not even the point hell, i am not sure i even know what the point is anymore
because I believe Oil is overbought (like Gold) and the recent run-up in commodities will fall next week at least for slight pull back
Stick with it, Incy. CL has everything a trader needs to be happy: decent moves in even the sleepiest markets; quick results; pain cut short quickly; technical perfection.
in all honesty...CL is what I have always wanted to trade but...need to get a little more $$$ in da account to trade it securely...yes, agree with your statement. So NoDoji, for you what % are you still trading the ES and what % CL now?
There's no fixed % one or the other; I take the setups on either of them when they're most inviting. As of last week, I've been trading 5 ES instead of 1, so I made more profit last week on ES than CL.