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

  #141 (permalink)
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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!

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  #142 (permalink)
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@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.

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  #143 (permalink)
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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
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  #144 (permalink)
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Here is a new video on my current CL system.


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  #145 (permalink)
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Lance Speaks!

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


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  #146 (permalink)
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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...
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  #147 (permalink)
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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.

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The Crude Dude Oil Trading System-stats-cl-last-2-weeks.png  
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  #148 (permalink)
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  #149 (permalink)
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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
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  #150 (permalink)
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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.

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