Yes, I am doing this for about a year but not every day . I wait until the floor traders are ready to cash in by the end of the day, that is between 2-2:15 eastern time.NYMEX closes at 2:30 so when they are going to the bank I will take a trade many times shorting oil with 30 cents profit and loss,but also taking the long side if prices are hammered down enough by around 2 pm.I would like to make a caveat here as mentioned above you can not do this every day you have to wait for the big guys for guidance and do not trade after 2:30pm (exception is tuesday when the api releases its data by 4:30pm) If is a very bull day prices will rise even higher after 2 pm or the opposite: will continue to go down after very bad news.
Use also support , resistance ,Bollinger bands and tick volume.The last one most likely only for research and for standing aside if is peaked already do not take any trades.This is my afternoon system in a nutshell .
Use also support , resistance ,Bollinger bands and tick volume.The last one most likely only for research and for standing aside if is peaked already do not take any trades.This is my afternoon system in a nutshell .