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


The Crude Dude Oil Trading System
Updated: Views / Replies:123,429 / 867
Created: by lancelottrader Attachments:177

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

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: 718 since Oct 2011
Thanks: 623 given, 2,434 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: 718 since Oct 2011
Thanks: 623 given, 2,434 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: 2,063 given, 1,854 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: 718 since Oct 2011
Thanks: 623 given, 2,434 received

Trading the Oil report

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, 136 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: 6 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: 135 since Oct 2014
Thanks: 28 given, 94 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: 718 since Oct 2011
Thanks: 623 given, 2,434 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: 718 since Oct 2011
Thanks: 623 given, 2,434 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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

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 12:53 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-25 in 0.12 seconds with 20 queries on phoenix via your IP 54.162.115.179