'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, July 5, 2013

Turning to trading Futures Crude for a change

Started to trade futures crude lately and kinda' like trading it, though it's quite volatile. Trading the crude one need to be nimble, cannot trade in a longer time frame unless you have a longer 'rope' to spread. I find trading crude is best to participate in the Globex market, the overnight session. And to capitalize on its move, scalping is the best method I find applicable.

The crude rallied the past two or three days because of the on-going events in Egypt. The chart below shows the daily move of the crude.