Friday, September 5, 2014

CL 9/1 - 9/5 +89

I guess it's hard for me to keep a promise. Yup, I'm back to looking at the CL again (for the umpteenth time). The price action in the CL is not as "clean-cut" as in the ES. Sometimes, it's downright unreadable/confusing to me. However, it's risk/reward is a lot better (over 2X better). This is basically the main reason that led me back to it. 1 CL winner can make up for 1 loser, whereas it'll take about 2 ES winners to just even out 1 loser. 

Weekly recap:
9/1 = no trading

9/2 = no trading

9/3 = +29
Crude Oil Futures chart for Wednesday 9/3/14

9/4 = +24
Crude Oil Futures chart for Thursday 9/4/14

9/5 = +36
Crude Oil Futures chart for Friday 9/5/14

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