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


The Crude Dude Oil Trading System
Started:October 23rd, 2011 (06:22 PM) by lancelottrader Views / Replies:109,581 / 831
Last Reply:November 18th, 2016 (11:05 AM) Attachments:177

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 177  
 
Thread Tools Search this Thread
 

The Crude Dude Oil Trading System

Old   #141 (permalink)
Elite Member
Reno, NV
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: oil
 
trvlntrdr's Avatar
 
Posts: 64 since Feb 2012
Thanks: 442 given, 105 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:
 
Old   #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
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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:
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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:
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 received

Lance Speaks!

Futures Edge on FIO
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:
 
Old   #146 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Trading Group / Rithmic
Favorite Futures: CL, NQ
 
Daytrader999's Avatar
 
Posts: 1,157 since Sep 2011
Thanks: 1,135 given, 1,537 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 05:02 PM. Reason: Spelling...
Reply With Quote
The following 4 users say Thank You to Daytrader999 for this post:
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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:
 
Old   #148 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,154 since Mar 2010
Thanks: 6,306 given, 13,208 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:
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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:
 
Old   #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil trading JDNeeman Trading Journals 526 November 24th, 2016 08:12 PM
Gettin' Serious - Crude Oil Trading tgibbs Elite Trading Journals 19 November 24th, 2014 10:18 AM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
Crude Oil (CL) Trading by goldenriver goldenriver Elite Trading Journals 52 March 12th, 2013 04:32 PM
123 Profitable Crude Oil trading JDNeeman Trading Journals 7 September 6th, 2012 08:06 PM


All times are GMT -4. The time now is 07:14 AM.

no new posts
Page generated 2017-01-16 in 0.15 seconds with 20 queries on phoenix via your IP 54.211.179.232