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The Crude Dude Oil Trading System
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The Crude Dude Oil Trading System

  #1071 (permalink)
Elite Member
Toronto , Ontario, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
 
Posts: 423 since Jun 2016
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lancelottrader View Post
These are the type of days that work well for me.Price had some strong moves and was fairly easy to figure out.


As always your efforts and pre market prep make it look super easy and flawless.

I'm genuinely happy seeing you kill it mate! Getting jealous here whenever i trade and average around 300 to 600 and call it a day, and then see you pull out much bigger numbers . But this is years of work and screen time exp. that is shining through.

Keep killing it Lance! You deserve it after everything

John

Sent using the futures.io mobile app

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  #1072 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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noobforlyfe View Post
As always your efforts and pre market prep make it look super easy and flawless.

I'm genuinely happy seeing you kill it mate! Getting jealous here whenever i trade and average around 300 to 600 and call it a day, and then see you pull out much bigger numbers . But this is years of work and screen time exp. that is shining through.

Keep killing it Lance! You deserve it after everything

John

Sent using the futures.io mobile app

Thank you, John. I'm surprised I somehow stuck with this after all the years of failure. Any "Sane" person would have quit long ago.

Failure is not an option
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  #1073 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,105 since Aug 2009
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Brian Shannon Tweet


Thanks for allowing us to view your trades and your mindset.

I trade in a similar fashion but sometimes see things differently.

I saw a tweet today from Brian Shannon that sums it up perfectly.

Quoting 
I don't like to argue about an opinion,
the market will always tell us who was right or wrong.
We can have differing views on a stock and both be right if we trade different time frames


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #1074 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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Some mistakes but a good day

This will probably be the last video I post for a while. Some schedule changes are going to give me much less free time. Here are today's trades. I hope these have been a bit helpful.


Failure is not an option
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  #1075 (permalink)
Trading for Profit
Tampa, FL/USA
 
Futures Experience: Intermediate
Platform: TradingView
Favorite Futures: NQ, RTY, YM, CL
 
Comeback King's Avatar
 
Posts: 225 since Aug 2016
Thanks: 124 given, 289 received

I just found this thread and I'm still making my way through and so far it's been very helpful. THANK YOU VERY MUCH for taking so much time over the years to contribute to this!!!

I can relate to so many things you have said here regarding trading in general and the learning process and typical mistakes people make. I've made them (and I might continue to make them) but my actual dollars lost is pretty small; I have lost a lot of time though.

I know I could write pages and pages of comments but I'll keep it short. I know your efforts have helped many people, I want you to know that you can add yet another to that list.

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  #1076 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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Comeback King View Post
I just found this thread and I'm still making my way through and so far it's been very helpful. THANK YOU VERY MUCH for taking so much time over the years to contribute to this!!!

I can relate to so many things you have said here regarding trading in general and the learning process and typical mistakes people make. I've made them (and I might continue to make them) but my actual dollars lost is pretty small; I have lost a lot of time though.

I know I could write pages and pages of comments but I'll keep it short. I know your efforts have helped many people, I want you to know that you can add yet another to that list.

Hi there. I sincerely appreciate your comments and the fact you took the time to go through some of my thread. It's definitely a long one with lots of ups and downs..
It's because of messages like yours that I keep coming back on here.
Thank you,
Lance

Failure is not an option
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  #1077 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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Nice smooth Price movement Good session

Had some extra time today, so I put together another video. This is from today's trades.


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  #1078 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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Some ideas on Trading NQ

I have been trading Nq seriously for almost two years after having mainly traded CL before that. It has been sort of a love/hate relationship, but things have definitely improved in the last few months. Here a few points and observations that I have gathered from my efforts.
1. Nq is one of the trickiest and most difficult instruments to trade. Now, there are those with large accounts who can use stops with 100's of ticks that would disagree with me. But for an average retail trader using 20-40 tick stops, NQ can eat up your account quickly. Why? Because it can convince you that it is moving in one direction with extreme strength ..only to reverse equally strong in the opposite direction. Then, when you think the new direction is the right direction..it will fool you again, and reverse.
2. NQ reacts very strongly to minor areas of support and resistance. If these are not taken into consideration, you will find yourself taking lots of heat quickly or being stopped out. I have learned that price can form these small areas of S/R in real time and are not always easily visible on higher time frames. These areas serve as barriers. Price can often get through them if there is sufficient order flow, but..not usually without some serious bounces first. Meaning, for example, you can be in a trade and see no obvious support and resistance in the way. Then you hit one of these areas (that I find on my 2 range chart and mark up) and suddenly price bounces the opposite way 20 to 30 ticks in seconds. Sometimes it takes price two or three times to penetrate these barriers. What I try to do is wait for those little mini breakouts and when price action tells me the odds are good it will break, I enter the trade.
3. Some days, NQ can have price movement that is almost impossible to trade. There are days or at least extended periods of time during a session where virtually every trade you enter will lose. Price can move in a choppy, chaotic manner. This can be caused by some sort of turmoil or it can be a Fed guy talking..or just indecision on the part of big traders. If you aren't able to spot these moments and keep your finger off the trigger, you will have serious issues. One thing I mention that I do is to engage in some sort of self talk or verbal commentary. I am always describing at any given moment what type of price action I think I am seeing. By saying it out loud, it keeps me in the moment and centered..instead of my thoughts silently going all over the place. Regardless of what methods you use, it's imperative to recognize these adverse conditions before you end up having a disasterous day.

Now these tips can apply to any instrument..but I feel they most show themselves on NQ, due to it's innate volatility.

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  #1079 (permalink)
Elite Member
Georgia, US
 
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lancelottrader View Post
Now these tips can apply to any instrument..but I feel they most show themselves on NQ, due to it's innate volatility.

NDX being composed of tech stocks is naturally a bit more volatile (but not more so than CL, see OVX vs VXN).

The question for anyone trading NQ (or anything really) is: how much of this is truly "innate," and how much is due to the current market regime, which has been in effect since February of this year?

Volatility WILL settle down eventually, whether it's next month or next year, and VIX will return to low teens, as the market continues its upward drift as it always does, even if it goes lower first. So, having a plan in place to handle that regime change is essential to long-term survival, IMO (planning for fewer breakouts, more chop, tighter ranges, etc.)

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  #1080 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 853 since Oct 2011
Thanks: 825 given, 3,524 received
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josh View Post
NDX being composed of tech stocks is naturally a bit more volatile (but not more so than CL, see OVX vs VXN).

The question for anyone trading NQ (or anything really) is: how much of this is truly "innate," and how much is due to the current market regime, which has been in effect since February of this year?

Volatility WILL settle down eventually, whether it's next month or next year, and VIX will return to low teens, as the market continues its upward drift as it always does, even if it goes lower first. So, having a plan in place to handle that regime change is essential to long-term survival, IMO (planning for fewer breakouts, more chop, tighter ranges, etc.)

Maybe volatility isn't quite the correct term, but since I've been watching NQ the last few years, I find it moves at most times much faster than CL. I can go into a CL trade most of time..and it can take quite a while before it makes 20 ticks or so. Extreme patience seems to be required often. Nq, on the other hand goes 20 -40 ticks in a few seconds. I find it to be much different.
Even if things slow down, it will still be fairly easy for me to get 20 to 30 tick pops throughout the session. I have gone back several years scrolling through charts and my system would have pretty close to the same wins as I have now.

Failure is not an option
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