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

  #441 (permalink)
Elite Member
Saint Louis Missouri
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: crude oil
 
Posts: 78 since Dec 2011
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post entry thought process


lancelottrader View Post
This video explains my ideas on Trade management.


Lancelottrader,
Your after trade entry thought process is very important to many traders, specifically newbies and intermediate trader (like me) , and may be some advanced traders. Anyone can enter into a trade, but few can exit with consistent profits. Please keep it up. I know it takes a lot of time and effort. Today I learned to tailor the profit target with market context in mind. Very much appreciated.

Amin

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  #442 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received

Trades on Cl as of 9:45 est

1. -11 ticks

2. +20 ticks

3. +20 ticks

Failure is not an option
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The Crude Dude Oil Trading System-cl-12-15-2-range-11_2_2015-v1.jpg  
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  #443 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received


Scalped a little one for 10 ticks on Cl at 10:03

Failure is not an option
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  #444 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received

Almost went long a few minutes ago at 46.50...instincts kept me out. Probably won't take anymore longs unless we get a big pullback.

Failure is not an option
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  #445 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received

Took two more trades.
!. Short at 46.21- Didn't like it and got out at breakeven

2. Then a long at 46.30 because order flow showed buyers coming in..It appeared to fizzle..so got out of that also at breakeven.

May stop ..since it's after 11:20 and I don't want to give anything back. Happy with 39 ticks on a Monday.

Failure is not an option
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  #446 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
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Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received

Little tricky today...feel like the market is making a monkey out of me. lol

1. +0
2. +10
3. +0
4. -11
5. +0
6. -7 ticks
7. +20

+12 ticks so far.

Failure is not an option
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The Crude Dude Oil Trading System-cl-nov-11.png  
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  #447 (permalink)
Elite Member
west palm beach florida usa
 
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Platform: ninja trader
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Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received

What I need to re-learn..is..even if there's tremendous volume..it can be hazardous trying to scalp when you are up against resistance. It's sort of a Battle zone of buyers and sellers right now and I was dumb enough to jump in long and lose back my 12 ticks.

Failure is not an option
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  #448 (permalink)
Elite Member
Bend, OR
 
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Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
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Lance, it has been interesting to see where you are taking trades. Your charts have given me a lot of insight into what you are looking at for trade opportunities. In general, we are often looking at the same things but you tend to enter 10-15 ticks sooner than I do and are often taking profits where I would be just getting in. You also find trades where I don't see anything. Admittedly we are looking at different sized charts so that has a lot to do with it. However, based on the fact that we take similar risk (10-15 ticks per trade) I am probably waiting a little too long to get into some trades. Thanks again for posting your charts. Very helpful.

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  #449 (permalink)
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Fort Myers,Fl/USA
 
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lancelottrader View Post
What I need to re-learn..is..even if there's tremendous volume..it can be hazardous trying to scalp when you are up against resistance. It's sort of a Battle zone of buyers and sellers right now and I was dumb enough to jump in long and lose back my 12 ticks.

Question, was your rampage indicator giving you these clues with the yellow candles?

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  #450 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 718 since Oct 2011
Thanks: 624 given, 2,437 received



NQbeginner View Post
Question, was your rampage indicator giving you these clues with the yellow candles?

No..not really..just going by the fact that things may appear to be breaking out because of order flow..but then when the level rejects..you can easily get stopped out.

I felt strongly we were going to get a breakout..and I entered a trade earlier and decided to give myself a little more room to withstand the bounciness..but ended up losing 20 ticks.. I ended up being right..but my timing was off.

So after being 20 ticks down, around 12:40 I tried again for the breakout long and ended up making a 13 tick winner.. and then a 45 tick explosive runner. So, almost made 30 for the day.

Failure is not an option
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