CLPIT STRATEGY

CLPIT Strategy February 8th 2017

CLPIT Strategy February 8th 2017

Tough sleding in here today day trading the crude oil futures market. After several different entries today, I feel fortunate to be up only 1 tick during the day trading session.

The crude oil futures market showed basically what I would call a tiebreaker entry after the release of the crude oil inventory report.

YouTube Summary Video:

Wistia Video:

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Part 2:
 
Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

CLPIT Strategy February 8th 2017

On Spread Trading and TST …

What I thought was a valid short signal turned out to be more of a long, but you can’t trade naked futures both ways at the same time, unless you spread it out in the months.

Obvioulsy, I wish you could successfully do this inside the parameters of TST … but it is a rather difficult thing to do.

For instance, if I wanted to be long one contract and short the next monthly contract. You would show a loss of 50 ticks perhaps on one and a gain of 50 ticks on the other.

At some point, you would have to remove the “hedge” part of the trade. Anyway, food for thought on how perhaps it can be done. I don’t know if they would allow you to trade the outer months contract at TST.

But … bottomline … this is how you would effectively put on a spread trade as a rule.

 

Good Trading,

David M. Knight
TradeCraze

P.S. Find Out How to Overcome Hurdles in Your Day Trading

 

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.