when trading QM, about half the time it will slip one tick out from where you placed the stop. So factor that right into the stop-select equation... build in the expectation of slippage. do not trade into key economic reports that affect interest rates... with either QM or CL unless you have a solid account balance and keen sense of adventure. If for any reason your stop slips or gets jumped, the red results can be significant. tomorrow's inventory report will create some solid swings past 10:35am est. don't be a cowboy and try to catch explosive surge moves in gambler fashion: wait for the pullbacks or pattern breaks to follow and ride that :>)
Are those news coming out at 8:30AM EST affect crude oil much, or just somewhat compare to index future? I know the inventory @10:30A affect it dramatically.
Thanks for the value added trading feedback Mook. It was really worth refreshing a borrrring thread with a useless comment. Seller on spikes only, otherwise staying long.