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:110,142 / 831
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

  #451 (permalink)
Elite Member
Fort Myers,Fl/USA
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: NQ
 
Posts: 8 since Jun 2015
Thanks: 18 given, 2 received


lancelottrader View Post
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.


That's great. I want to be just like you lol

Reply With Quote
The following user says Thank You to NQbeginner for this post:
 
  #452 (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


Tap In View Post
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.

I think by the time a lot of people get the confirmation they are looking for, a good portion of a move has already happened. I credit my years of screentime watching Cl on the same chart setup for some of my timing.

Failure is not an option
Reply With Quote
The following 2 users say Thank You to lancelottrader for this post:
 
  #453 (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


Ok..last trade of the day...a little 10 tick scalp. Almost made 40 ticks on Cl today.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-nov-3-v5.png  
Reply With Quote
The following 4 users say Thank You to lancelottrader for this post:
 
  #454 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,064 given, 1,850 received


lancelottrader View Post
Ok..last trade of the day...a little 10 tick scalp. Almost made 40 ticks on Cl today.

Are you having fun yet?

Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #455 (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

Trading the Oil report

Futures Edge on FIO
This video gives a few tips on trading the Cl 10:30 est report.

Failure is not an option
Reply With Quote
The following 11 users say Thank You to lancelottrader for this post:
 
  #456 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 135 received


lancelottrader View Post
I think by the time a lot of people get the confirmation they are looking for, a good portion of a move has already happened. I credit my years of screentime watching Cl on the same chart setup for some of my timing.


I have not been watching CL for a number of years. How is the volatility these days compared to when the price is between 110- 95 ?

Was it easier or more difficult to trade intraday when the plunge to $50 happened end of 2014?

Reply With Quote
 
  #457 (permalink)
Elite Member
Savannah Georgia/usa
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 5 since Jul 2015
Thanks: 5 given, 0 received


lancelottrader View Post
This video gives a few tips on trading the Cl 10:30 est report.

hey man
quick question.. I've been looking for that momentum/volatility indicator (the one that sounds like a machine gun) for a while couldnt seem to find it anywhere. Could you give me the name of that particular indicator or was that package with something else? thanks man

Reply With Quote
 
  #458 (permalink)
Elite Member
Santa Barbara, CA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZB
 
Posts: 127 since Oct 2014
Thanks: 28 given, 87 received


bradc343 View Post
hey man
quick question.. I've been looking for that momentum/volatility indicator (the one that sounds like a machine gun) for a while couldnt seem to find it anywhere. Could you give me the name of that particular indicator or was that package with something else? thanks man

It's "TickStrike", I asked the same question a while back.

Reply With Quote
The following 2 users say Thank You to wshi88 for this post:
 
  #459 (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


jonc View Post
I have not been watching CL for a number of years. How is the volatility these days compared to when the price is between 110- 95 ?

Was it easier or more difficult to trade intraday when the plunge to $50 happened end of 2014?

Hi..sorry for the late response. Honestly, I'm not sure there's a big difference. I'd have to really check the ATR levels then and compare it to now.

Oil still has those big moving days..and then other days just chops around. It doesn't seem to be much different as far as I can tell.

Failure is not an option
Reply With Quote
 
  #460 (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


I have noticed that on many post Non farm payroll days..oil tends to go into a period of choppiness. I think from now on..I will probably just avoid it on Non farm days.

Below are some examples of what I mean from today's Cl charts. That's what lousy price action looks like.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-15-2-range-11_6_2015-lousy-1.jpg   The Crude Dude Oil Trading System-cl-12-15-1-min-11_6_2015-lousy-v2.jpg  
Reply With Quote
The following 3 users say 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)
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

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 07:20 AM.

no new posts
Page generated 2017-01-24 in 0.13 seconds with 21 queries on phoenix via your IP 54.161.249.135