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


The Crude Dude Oil Trading System
Started: by lancelottrader Views / Replies:115,396 / 863
Last Reply: 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

  #11 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,825 received

So what do you do when the market ranges like mad?

Give back all your Big Wave profits?

You have some great examples and of course anyone could trade an ATR breakout and make 'gobs', but the trick is knowing that the market is going to do this or not. If you could predict for certain that a date is ranging or a day is trending then that alone would make you a billionaire within a couple years.

No offense to you personally, but the obvious has been printed in your thread here.

"If price moves up and keeps moving up, stay long!"

"If price reverses get out!"....

Sounds great, maybe I just don't get it...

Reply With Quote
 
  #12 (permalink)
Trading for Fun
Singapore, Jurong West
 
Futures Experience: Master
Platform: Metatrader
Broker/Data: OANDA
Favorite Futures: Currency
 
Nasdin94's Avatar
 
Posts: 128 since Oct 2011
Thanks: 11 given, 106 received


bluemele View Post
So what do you do when the market ranges like mad?

Give back all your Big Wave profits?


Sounds great, maybe I just don't get it...

What happens if it ranges?
I'll draw rectangles.
And trade by awaiting price action to form from one end of the rectangle to the other

And if this does happen, usually it would break through the other end of the rectangle.
And this creates a new rectangle.
And the process repeats until the market starts trending.

Its very difficult to explain.

If it doesnt range as bad, then i'll draw triangles, ascending triangles,descending, symm triangles.. wedges,
Well you know.

Reply With Quote
The following 6 users say Thank You to Nasdin94 for this post:
 
  #13 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,388 received



bluemele View Post
So what do you do when the market ranges like mad?

Give back all your Big Wave profits?

You have some great examples and of course anyone could trade an ATR breakout and make 'gobs', but the trick is knowing that the market is going to do this or not. If you could predict for certain that a date is ranging or a day is trending then that alone would make you a billionaire within a couple years.

No offense to you personally, but the obvious has been printed in your thread here.

"If price moves up and keeps moving up, stay long!"

"If price reverses get out!"....

Sounds great, maybe I just don't get it...

My whole point is that the whole secret of great trading is being able to recognize the prevailing market conditions. Yes, I can tell if the market is choppy and is in a
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 4 users say Thank You to lancelottrader for this post:
 
  #14 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,388 received


Nasdin94 View Post
What happens if it ranges?
I'll draw rectangles.
And trade by awaiting price action to form from one end of the rectangle to the other

And if this does happen, usually it would break through the other end of the rectangle.
And this creates a new rectangle.
And the process repeats until the market starts trending.

Its very difficult to explain.

If it doesnt range as bad, then i'll draw triangles, ascending triangles,descending, symm triangles.. wedges,
Well you know.

Excellent post.

Reply With Quote
 
  #15 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,825 received

Futures Edge on FIO

What value do you place on the webinars on FIO?

 

lancelottrader View Post
My whole point is that the whole secret of great trading is being able to recognize the prevailing market conditions. Yes, I can tell if the market is choppy and is in a
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Nope that is definitely not me, nor anyone I have yet to meet or even see trade.

You are right that it is a 'feel' of the market and it requires 'chart time', and I apologize as my post seems pretty insulting which it wasn't meant to be. I am tired of reading thread posts with the following:

"Indicators are the past..." and finish it with "...Volume is the predictor" OR "...Cumulative Delta is the predictor" OR "...Market Profile setups are the clear predictor" OR ...............

I guess we are in agreement. The only real indicator as PandaWarrior has named himself in gratitude is the person behind the mouse.

Lornz and you may have a special gift and that is great to share that, so please accept my apologies. But if you are given a block of stone to chisel from, people will come up with 10,000 ways to do it and none of them 'right'.

I am happy you can hit those long runs. Something I hope to aspire to! I just remember when I would trade trend, I would be up on my account and then give it all back because I didn't know when to stop! haha....

That all comes with exp. in my opinion which is something you point out!!!

Reply With Quote
The following 2 users say Thank You to bluemele for this post:
 
  #16 (permalink)
Elite Member
Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
 
Zwaen's Avatar
 
Posts: 247 since Dec 2010
Thanks: 762 given, 221 received

Hello,


When reading your posts this reminded me of some experiences I had watching the eurodollar.


This is because there were a number of times when I had the following experience that I relatively “ certain” “ knew” price was going to fall or rise for a good move. Because if you watch an instrument live for several months you “ feel” that the candles and waves are more bearish or bullish behaving than ‘normal’.


The clues I could see it were just the way the candles were formed. You can see the candles get more “ jumpy” and you “ see and feel” that the downticks are made far easier /faster than the upticks ( in bearish case/short).



It is just that because I am not that experienced I am waiting like a good boy for a pullback. This while your inner voice also says “ there ain’t going to be a pullback” and just sell, it is falling now, the later you jump in the riskier it will be. Perfect pattern or not, this is just going down.


Of course, there is a good possibility is that I think I can feel those instances, but reality is different because my mind will filter out the times I’m wrong. I dare not to put real money in this ‘ feeling’ because there is no statistical backup for it. So this is maybe something I have to note down every time I think it will happen to see the actual results.


Is this what you are meaning or totally not?


Last edited by Zwaen; October 24th, 2011 at 04:52 AM.
Reply With Quote
The following 2 users say Thank You to Zwaen for this post:
 
  #17 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,388 received


bluemele View Post
Nope that is definitely not me, nor anyone I have yet to meet or even see trade.

I am happy you can hit those long runs. Something I hope to aspire to! I just remember when I would trade trend, I would be up on my account and then give it all back because I didn't know when to stop! haha....

That all comes with exp. in my opinion which is something you point out!!!

Being I have lurked on here for a bit...I have read several of your posts and I definitely respect your opinion. As far as hitting the Home runs, that is fairly new for me. My prevalent style is scalping. I wouldn't consider these examples I gave "Trend Trades." They are more momentum moves that I follow closely with a manual trailing stop or a tight Ninja ATM strategy. Generally a 7 tick move against me and I'm out, but if I sense the move is a quick pullback because the price just bounced off a minor support or resistance level (but it still has some juice on it), I may withstand a 10 tick pullback, but that's pretty much it. Also, I try to move myself to breakeven as soon as possible. If I scratch a few trades, I'm ok with that.

Reply With Quote
 
  #18 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,388 received


Zwaen View Post
Hello,


When reading your posts this reminded me of some experiences I had watching the eurodollar.


This is because there were a number of times when I had the following experience that I relatively “ certain” “ knew” price was going to fall or rise for a good move. Because if you watch an instrument live for several months you “ feel” that the candles and waves are more bearish or bullish behaving than ‘normal’.


The clues I could see it were just the way the candles were formed. You can see the candles get more “ jumpy” and you “ see and feel” that the downticks are made far easier /faster than the upticks ( in bearish case/short).



It is just that because I am not that experienced I am waiting like a good boy for a pullback. This while your inner voice also says “ there ain’t going to be a pullback” and just sell, it is falling now, the later you jump in the riskier it will be. Perfect pattern or not, this is just going down.


Of course, there is a good possibility is that I think I can feel those instances, but reality is different because my mind will filter out the times I’m wrong. I dare not to put real money in this ‘ feeling’ because there is no statistical backup for it. So this is maybe something I have to note down every time I think it will happen to see the actual results.


Is this what you are meaning or totally not?

Yes, I think you are giving some great examples of what I'm writing about. I traded the euro/usd (Forex) almost exclusively for 3 years..watching it every trading day from about 9 am est untill 12 pm est. I got to know it real well and how it moved . For example, if you were to watch it around 11 am est, on many days the price would suddenly start accelerating. I would watch my chart and also my Broker Panel. You could see it really start to race. Now I would see that it would race up (or down ) depending on direction to the next level of price congestion..which my software would draw those areas..in real time. So, one technique I'd use was to enter 5 to 10 ticks away from the price congestion area..and if it failed to breakthrough..exit with my small profit. If it broke through, sometimes there would be a 20 to 50 pip move in less than 5 minutes. Now if the breakthrough occured at 9:10 am and there was very little price acceleration, I would not enter. More than likely, the breakout would fail. In fact, you could often win a small profit by taking the opposite direction. Also 10:40 am est often yields a big move in euro/usd...Not sure why. I figure 11 am, there is some European market closing, so I get that. But 10:40 is often great too. I have many charts I've saved of euro/usd with great 11 am and 10:40 moves. Anyhow, I know this is the Index Futures forum, so I don't want to get too far off track. I do see some amazing moves on TF at 3:45 pm est as well. Traders closing out their positions for the day causes some nice 'Runners." I guess the bottom line is if you watch these instruments long enough, you can start recognizing some high probability patterns. Then trading these patterns and starting to win consistently will help with the fear and hesitation involved in pulling the trigger.

Reply With Quote
The following 5 users say Thank You to lancelottrader for this post:
 
  #19 (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, 13,223 received


lancelottrader View Post
Yes, I think you are giving some great examples of what I'm writing about. I traded the euro/usd (Forex) almost exclusively for 3 years..watching it every trading day from about 9 am est untill 12 pm est.

I got to know it real well and how it moved . For example, if you were to watch it around 11 am est, on many days the price would suddenly start accelerating. I would watch my chart and also my Broker Panel. You could see it really start to race. Now I would see that it would race up (or down ) depending on direction to the next level of price congestion..which my software would draw those areas..in real time.

So, one technique I'd use was to enter 5 to 10 ticks away from the price congestion area..and if it failed to breakthrough..exit with my small profit. If it broke through, sometimes there would be a 20 to 50 pip move in less than 5 minutes. Now if the breakthrough occured at 9:10 am and there was very little price acceleration, I would not enter. More than likely, the breakout would fail. In fact, you could often win a small profit by taking the opposite direction. Also 10:40 am est often yields a big move in euro/usd...Not sure why. I figure 11 am, there is some European market closing, so I get that. But 10:40 is often great too. I have many charts I've saved of euro/usd with great 11 am and 10:40 moves.

Anyhow, I know this is the Index Futures forum, so I don't want to get too far off track. I do see some amazing moves on TF at 3:45 pm est as well. Traders closing out their positions for the day causes some nice 'Runners." I guess the bottom line is if you watch these instruments long enough, you can start recognizing some high probability patterns. Then trading these patterns and starting to win consistently will help with the fear and hesitation involved in pulling the trigger.

Lancelottrader, I was wondering if you could break your paragraphs up a bit kinda like I did on the most recent one. The unbroken paragraphs make it difficult for me to read and I think you have something worth reading. To be honest, I generally skip paragraphs with more than 3-4 sentences, even when I write them.....but I've made forced myself to read yours at least up to this point.

Don't take offense at my request, you write the way I talk and write. But I force myself to break my paragraphs apart once I've written them.....makes it easier for me to read what I've written.

Thanks for the thread, I've enjoyed it so far.

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:
 
  #20 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,388 received



PandaWarrior View Post
Lancelottrader, I was wondering if you could break your paragraphs up a bit kinda like I did on the most recent one. The unbroken paragraphs make it difficult for me to read and I think you have something worth reading. To be honest, I generally skip paragraphs with more than 3-4 sentences, even when I write them.....but I've made forced myself to read yours at least up to this point.

Don't take offense at my request, you write the way I talk and write. But I force myself to break my paragraphs apart once I've written them.....makes it easier for me to read what I've written.

Thanks for the thread, I've enjoyed it so far.

Thanks for the suggestion...I see what you mean. Will do that next time.

Reply With Quote

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)

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

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 05:36 AM.

no new posts
Page generated 2017-03-26 in 0.18 seconds with 20 queries on phoenix via your IP 54.166.107.51