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

  #21 (permalink)
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hartford
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: cl
 
Posts: 52 since Jun 2011
Thanks: 54 given, 5 received

how much for those indicators?

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  #22 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
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shah1266 View Post
how much for those indicators?

I subscribe to a couple of different one's and then I've kind of tweaked them to work on certain timeframes...Between the two, I'm probably spending about $150 a month. I could probably get with the Ninja programmers and replicate them pretty close, but I haven't taken the time to look into it. They're more of a visual and psychological aid than anything else. If the market conditions aren't there, they'll just fire off a lot of useless signals..but when my "edge", shows up, they work quite well...so honestly, I can't really reccomend them to anyone at this point..because you could misuse them and end up losing lots of trades.

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  #23 (permalink)
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After losing 9 ticks on my first CL trade today, I made a good comeback with this one on TF for close to 40 ticks. Didn't get out till it hit my trail dots. Sometimes I find it hard to watch both TF and CL and then be able to decide which one to take. I have a couple of monitors but I still find it hard.

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  #24 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
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Posts: 718 since Oct 2011
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had a meltdown today

I'm embarrassed to even say what happened to me today...I totally lost control of my emotions and discipline. First I must admit I went to a Halloween part last night and drank way too much Red wine. I knew I was way too hungover to trade properly..but my ego said, "Ok, just trade 1 contract of TF." So I tried drinking a little extra coffee to sharpen up...this only made me feel hungover and..anxious. Somehow by 2pm, I was over $350 down. Normally I would have walked away and chalked it up to a bad day. Somehow I started becoming unhinged and I put on a 5 contract trade..even though the market wasn't looking too great...Lost 10 ticks..now $850 down. Like a maniac I put on 10 contracts and quickly lose 10 more ticks. Now minus $1850.00, I take another 10 contract trade and bail out when I'm 5 ticks up. So I make only $500 back. Finally, I summoned the strength to walk away from my computer. The lesson here is obvious..Never trade when you know you are impaired in some way. I was hungover and caffeinated and all my rules and discipline flew out the window. Believe me folks, this hasn't happened to me in years. I'm still in shock.. I am not a novice at this...Anyhow..this thread is supposed to be about catching runners on TF...Here's the one I should have waited for..in the final 3 minutes of today's US stock market session. I'm usually pretty good at catching stuff like this..but I had already walked away from the PC.

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  #25 (permalink)
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Good job posting on a tough day.

Now the hard part: what have you learned from today? Time will tell.

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  #26 (permalink)
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lancelottrader View Post
I'm embarrassed to even say what happened to me today...I totally lost control of my emotions and discipline. First I must admit I went to a Halloween part last night and drank way too much Red wine. I knew I was way too hungover to trade properly..but my ego said, "Ok, just trade 1 contract of TF." So I tried drinking a little extra coffee to sharpen up...this only made me feel hungover and..anxious. Somehow by 2pm, I was over $350 down. Normally I would have walked away and chalked it up to a bad day. Somehow I started becoming unhinged and I put on a 5 contract trade..even though the market wasn't looking too great...Lost 10 ticks..now $850 down. Like a maniac I put on 10 contracts and quickly lose 10 more ticks. Now minus $1850.00, I take another 10 contract trade and bail out when I'm 5 ticks up. So I make only $500 back. Finally, I summoned the strength to walk away from my computer. The lesson here is obvious..Never trade when you know you are impaired in some way. I was hungover and caffeinated and all my rules and discipline flew out the window. Believe me folks, this hasn't happened to me in years. I'm still in shock.. I am not a novice at this...Anyhow..this thread is supposed to be about catching runners on TF...Here's the one I should have waited for..in the final 3 minutes of today's US stock market session. I'm usually pretty good at catching stuff like this..but I had already walked away from the PC.

Sorry to hear that, we've all been there...it sucks. As long as you remember it in the future you'll be ok

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  #27 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
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Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
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kbit View Post
Sorry to hear that, we've all been there...it sucks. As long as you remember it in the future you'll be ok

Thanks..I going to do everything in my power to make sure I don't do this again. It's not so much the money I lost that bothers me, but the fact I lost control of myself.. after all these years of trading. I appreciate your comment.

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  #28 (permalink)
Elite Member
west palm beach florida usa
 
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Favorite Futures: Cl, TF
 
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Big Mike View Post
Good job posting on a tough day.

Now the hard part: what have you learned from today? Time will tell.

Mike

I've learned that it's not only the market conditions that must be determined, but also my personal state of mind and physiology. I thought I was good enough where being hungover wouldn't affect me so much . I also made sure after this incident to further clarify my rules such as..Evaluating my frame of mind before any trading. If I'm feeling sleepy, agitated, overly anxious (or hungover)..I will stay out. This seems quite obvious, but I slipped up as if I was a total novice and now I need to remind myself of these things .
If I get a compulsion to greatly up my Contract size, I will definitely walk away..instead of behaving like a Degenerate gambler trying to recoup his losses .
And of course, I will restrain myself from taking a trade unless my criteria for entry is met 100%. I went into a couple of silly impulsive trades today as well. Thanks for your comment Mike.

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  #29 (permalink)
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west palm beach florida usa
 
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Posts: 718 since Oct 2011
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Great TF volatility today

Had some nice setups this morning right after the opening bell. Saw a pretty strong surge down..waited for a pullback on my 1 minute chart to the 10 period ema..then saw it heading back down and I jumped in...Stayed in till my dots signaled me out..Almost 4 TF points . Then, only a few minutes later I saw the price breaking through a support level my indicators had drawn earlier..I jumped the gun a little and lost 7 ticks on a quick pullback..but then re-entered and rode this one down for another 40 ticks..again staying in untill my trailing stop dots got me out..Also was using a 9 tick autotrail Ninja ATM in case price moved too fast for me to manually exit.. Love days like this.

Attached Thumbnails
The Crude Dude Oil Trading System-tf-12-11-2-range-11_10_2011-4point-move.jpg   The Crude Dude Oil Trading System-tf-12-11-1-min-11_10_2011.jpg   The Crude Dude Oil Trading System-tf-12-11-2-range-11_10_201140ticks.jpg  

Last edited by lancelottrader; November 10th, 2011 at 01:52 PM.
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  #30 (permalink)
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How did you do yesterday in the MONSTER MASH at the opening bell?

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