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light sweet

  1. Does anyone listen to a squawk box or any other news while trading. I dont have a tv by my computer but I was wondering if there was anything else to listen to online that would assist me in trading light sweet oil.

    Thanks.
     
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  3. I have traded from the beach with a Cell phone and no computer as successfully as sitting in front of 4 screens and Bloomberg!

    The OP asked for a suggestion for a NYMEX Squawk, I certainly apologize if my sarcastic response regarding TV bothers you.


    No need for you to get your panties in a bunch there.

    PS: I have just a few Years of practice.
     
  4. Is there anything else besides having the nymex squawk box that would be useful when trading light sweet oil?
     
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  6. Perhaps you are already aware of it, Joe, but there might be other readers who aren't...

    Every Wednesday morning (unless there is a Holiday on Monday, and then it is published on Thursday) the US government publishes market moving petroleum inventory data. You can find it here: http://www.eia.doe.gov/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/wpsr.html

    Or, you can have a TV in your trading room and listen to them announce the numbers on CNBC. :D

    Aaron Schindler
    Schindler Trading
     
  7. joe ... some oil traders swear by the book
    the logical trader

    it is not easy stuff and perhaps the edge is only there for local floor traders and people whose trades clear with
    the firm whose main principal wrote the book

    good luck

    :cool:
     
  8. Are people trading the May miNY contracts now or the april. When do you know to make the switch.
     
  9. What does paper on the bid/ local on the offer mean?
     
  10. While we are on the subject can anyone suggest any good books on energy trading? I just got "Fundamentals of Trading Energy Futures and Options" and it sucks.. its basicly a intro to futures book which has a list of energy contracts in the back. :mad:
     
  11. Looking for a book is great, But oil is extremly news driven. You need to always be on the top of news and reports.

    things like middle east and nigeria situation , supply and demand reports, OPEC meeting and ... can move oil price very quickly...
     
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  13. if the caller is a good one he will say the name of the firm (s) doing paper ...

    ( i.e. goldman , etc )
     
  14. since JP Morgan merged with the Federal Reserve...who knows what energy will do....

    witness the $7 pounding the nat. gas market took on 8 consecutive days when Morgan announced it was dabbling in gas....at a then $15 ....

    no wonder.... Greenspan all of a suddenly starting whining about nat. gas prices in late '05....so the fix was in....

    what Morgan can't control yet, is hurricanes, ......yet