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,