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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #451 (permalink)
 NQbeginner 
Fort Myers,Fl/USA
 
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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

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  #452 (permalink)
 lancelottrader 
west palm beach florida usa
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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.

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  #453 (permalink)
 lancelottrader 
west palm beach florida usa
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Ok..last trade of the day...a little 10 tick scalp. Almost made 40 ticks on Cl today.

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  #454 (permalink)
 
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 Tap In 
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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?

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  #455 (permalink)
 lancelottrader 
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This video gives a few tips on trading the Cl 10:30 est report.

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  #456 (permalink)
 jonc 
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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?

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  #457 (permalink)
 bradc343 
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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

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  #458 (permalink)
 wshi88 
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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.

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  #459 (permalink)
 lancelottrader 
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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.

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  #460 (permalink)
 lancelottrader 
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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.

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