Hi, see, in stocks you have fundamental data like earnings, return on investment, sales growth, etc. But for what does Crude Oil have? I know we are comparing apples to oranges here, but I truly would like to know what fundamental data would be beneficial to use in order to make a sound decision on whether to play crude oil or not? Thanks!
EIA report Contract Rollover Supply Demand Weather Storage Inventory Geo Political crap Fog in the shipping channel Rigs Accidents Price of Natgas Ethanol supply OPEC's mood NYMEX floor trader's Hedge funds manipulation GWB's position Read PLATT's reports for more reasons! el surdo
Or ignore all the fundamentals, and trade off your charts. I know its not what you asked for, but works better for me. Otherwise, too much bias enters my trading. I am flat during the energy reports on Wednesdays however.
I'd imagine he uses a DOM screen. He probably has a background in equities trading. I used to work at a "prop" shop where most of the guys didn't use charts, only L2 screens. Most of them were scalpers though. Tough to hold a position very long without charts for reference on past levels.
Unless you are getting spoon fed "order flow" from a desk or the NYMEX floor, there is NO WAY to trade without charts. DOM is really not very useful trading Crude. el surdo