April 19, 2011
Contract Rollover Gold, Crude Oil, Currencies & E-mini Futures
– Contract Rollover
o Crude Oil = Monthly
o Gold = Every other month
o E–mini = Quarterly, every 3 mos
o Dollar = Quarterly, every 3 mos
o Currencies = Quarterly, every 3mos
§ I watch for the volume to be higher on the next front month, then I move the chart to the next contract
o Example: last week we traded CL 05-11
§ This morning we open our charts and our market analyzer shows the volume HIGHER on the next front month the 6-11
o Here’s how to complete your rollover:
§ The first thing you need to do is remove all the drawing objects from your charts (these are global drawing objects)
§ Start with your slower timeframe and then move faster, changing each chart from the old month (05-11) and to the new month of 06-11
§ Open your instrument manager to make sure you have the 06-11 contract on crude oil (or whatever the contract month you desire) so you can now start rolling each chart forward.
§ Open 89range chart first, (slowest)
§ Then move to 34, 21, 13, and 4 range charts to complete our most used charts
§ When you rollover your 34range chart, you need to re-set the Auto Levels Indicator
· 05-11 on Crude gave me different levels than the 06-11, so I need to tell my Auto Levels indicator to go out again and FIND NEW LEVELS
· Open up the folder: My docs/NT7/Templates
· Delete the file that pertains to the market you’re rolling forward.
§ Don’t forget about your supporting charts
· Time and Sales window (x2)
· Pace of Tape Chart
· Trading DOM
· Trade management chart
· Average true range
· Double check to make sure you have ALL the crude oil charts
§ Now that every new chart has 100% loaded its data I now make sure the workspace looks and runs 100% perfect
§ Save your new workspace for the next time you trade
§ Also create a back-up copy of the workspace
§ Don’t forget about your Auto Trader,
