The Crude Dude Oil Trading System - Commodities Futures Trading | futures io social day trading
futures io futures trading


The Crude Dude Oil Trading System
Updated: Views / Replies:127,685 / 867
Created: by lancelottrader Attachments:177

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 177  
 
Thread Tools Search this Thread
 

The Crude Dude Oil Trading System

  #141 (permalink)
Elite Member
Reno, NV
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Currency--just started
 
trvlntrdr's Avatar
 
Posts: 65 since Feb 2012
Thanks: 466 given, 106 received


Sk8ter View Post
That sounds like some great topics. I do hope you will make some more videos. Thanks.

I agree, I don't know how many fans you have but there a re a few of us that enjoy and learn from your posts. If you enjoy the thread, please continue! If it is a drag, well, then thanks for what you have done so far!

Reply With Quote
The following 3 users say Thank You to trvlntrdr for this post:
 
  #142 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: ES
 
Posts: 2 since Jan 2012
Thanks: 2 given, 1 received

@lancelottrader

Would you mind commenting on how your system/approach fared on Thurs?
I had a particularly hard day seeing any runners in CL.
Was wondering how you did - catch anything or no trades due to lack of sustained moves?

Thx.

Reply With Quote
 
  #143 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received



mosschops View Post
Would you mind commenting on how your system/approach fared on Thurs?
I had a particularly hard day seeing any runners in CL.
Was wondering how you did - catch anything or no trades due to lack of sustained moves?

Thx.

Actually, I didn't do particularly well yesterday. Some days the price action is not conducive to winning trades. I lost the first two trades ..so i was down 20 ticks by 9:30 est. At 9:40 I saw a double bottom reversal setup, took that and it won 30 ticks. So i made 10 ticks for the day. I didn't like the way price was moving and decided to not take anymore trades. This week has had several choppy days. Some weeks are like that. I just have learned to spot them and I try to minimize my losses and play defense.

Failure is not an option
Reply With Quote
The following 3 users say Thank You to lancelottrader for this post:
 
  #144 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received

Here is a new video on my current CL system.


Failure is not an option
Reply With Quote
The following 15 users say Thank You to lancelottrader for this post:
 
  #145 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received

Lance Speaks!

Some musings on formulating Trading systems and Trading Forums in general. (sorry about the out of sync audio)


Failure is not an option
Reply With Quote
The following 8 users say Thank You to lancelottrader for this post:
 
  #146 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,161 since Sep 2011
Thanks: 1,137 given, 1,564 received

Thanks for the video Lance, much more beneficial for me than the usual video stuff of trade setups what we see otherwise...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn

Last edited by Daytrader999; April 14th, 2014 at 04:02 PM. Reason: Spelling...
Reply With Quote
The following 4 users say Thank You to Daytrader999 for this post:
 
  #147 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received

Back to the Battlefield

After a bit of a layoff and some time on Sim to refine my methods, I resumed live Trading 2 weeks ago. The goal has been to have a minimum of 60 ticks a week..I am only trading 1 contract for another month or so..but then will quickly be ramping back up to 2..then 5 by January or so. 60 ticks at 5 contracts is a nice bit of weekly profit. I easily surpassed that on Demo for several months.. Very pleased with the execution and fantastic service at Optimus Trading..as usual.

This pic shows live stats for last 2 weeks..I will be periodically posting stats on here to show progress. The system basically is this:

1. Do the research in am
2. Put together Battle plan of possible setups
3. Be tuned in to market conditions (Chop, strong trending etc.)
4. All trades generally win 2 to 3 times the stop loss.
5. before entering trade..look for any adverse conditions that might make it a lower probability entry.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-stats-cl-last-2-weeks.png  
Reply With Quote
The following 6 users say Thank You to lancelottrader for this post:
 
  #148 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,247 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 2 users say Thank You to PandaWarrior for this post:
 
  #149 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received


PandaWarrior View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Eagle Eye Brian doesn't miss a thing. lol..
Hope you are doing great. Always love to read your thread, by the way.
Yes, I always try to get at least twice my stop for targets..although in the real world..doesn't always work out. Some of those trades may have failed twice at 17 ticks or so..and if I thought a strong reversal was imminent I may have just grabbed 10 instead on some. A couple of others I didn't like after taking lots of heat ..and got out with maybe 1 tick. The stats count the 1 tick as a win..but I figure it takes care of the commission. Most of my wins are about 20 ticks..and some are 30. However, there were some very strong runners I missed out on ..and should have stayed in.
I will update this every few weeks and continue to show the metrics.

Failure is not an option
Reply With Quote
The following 2 users say Thank You to lancelottrader for this post:
 
  #150 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received



PandaWarrior View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

By the way, had I not traded with a hangover today and made a few stupid trades..my stats would have been even better. If we look at them up to yesterday's trades...my average win is 50% more than my average loss.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-stats-v2.png  
Reply With Quote
The following user says Thank You to lancelottrader for this post:

Reply



futures io > > > > The Crude Dude Oil Trading System

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil trading JDNeeman Trading Journals 526 November 24th, 2016 07:12 PM
Gettin' Serious - Crude Oil Trading tgibbs Elite Trading Journals 19 November 24th, 2014 09:18 AM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 03:48 PM
Crude Oil (CL) Trading by goldenriver goldenriver Elite Trading Journals 52 March 12th, 2013 03:32 PM
123 Profitable Crude Oil trading JDNeeman Trading Journals 7 September 6th, 2012 07:06 PM


All times are GMT -4. The time now is 06:53 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-23 in 0.12 seconds with 20 queries on phoenix via your IP 54.166.232.243