Hey traders, hope you are starting the new year on a positive note.
So I saw an interesting vid today about CL..
This guy is hard to follow, but it sounds like he knows what he's talking about. The biggest point he makes is that he claims 75% of the orders on crude oil are spread trades and therefore neutral/ misleading. Not sure if he really proved that in the video as he is hard to follow if you don't already understand in depth what he is talking about and are familiar with the websites he is showing (which I am not).
Any crude oil traders out there have an opinion on this?
I just got jigsaw last week and I'm focusing on crude, not because I want to just strictly scalp order flow, but I think the jigsaw tools can surely help. So I am using crude to learn and hopefully that's not a waste of time. It doesn't seem like it would be since I know there are prop traders and such that scalp crude often, I'm curious as to how someone like that would respond to this.
So I saw an interesting vid today about CL..
Inserted Video
This guy is hard to follow, but it sounds like he knows what he's talking about. The biggest point he makes is that he claims 75% of the orders on crude oil are spread trades and therefore neutral/ misleading. Not sure if he really proved that in the video as he is hard to follow if you don't already understand in depth what he is talking about and are familiar with the websites he is showing (which I am not).
Any crude oil traders out there have an opinion on this?
I just got jigsaw last week and I'm focusing on crude, not because I want to just strictly scalp order flow, but I think the jigsaw tools can surely help. So I am using crude to learn and hopefully that's not a waste of time. It doesn't seem like it would be since I know there are prop traders and such that scalp crude often, I'm curious as to how someone like that would respond to this.