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

  #591 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
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Srq1 View Post
I thought you trade TF, read it in one of your post, while back, .
Are you re-training yourself on it.
Are you using same system.
How did you do before when you trade it.
Thanks for taken the time to respond
Srq1

Yes, at the beginning of this thread...which was several years ago...I was trading TF. I got mixed results and ended up focusing 100% on Crude Oil.
So a few months back, I started looking at TF again. I have taken some live trades on it...but since it moves differently than Cl, I am mostly on SIM untill I have some positive statistics for several months on it. I have been doing pretty well so far..and there are days when it provides better trades than CL (if Cl is choppy or like today.)

Failure is not an option
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  #592 (permalink)
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Sarasota, Fla
 
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TF trading

Lancelottrader thanks for the quick reply,will be reading your post and watching videos ,lots to learn.like the system.

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  #593 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
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lancelottrader View Post
Anyhow..for me..this was a day to basically stay out. This is what I refer to when I mention unfavorable market conditions. These are also the days that provide those statistics you read about in the threads that claim price action setups and patterns don't work.
You have to determine, early on, that this is not the type of day to keep taking entries or you will probably end up losing lots of trades.

You're right it was a terrible day. I trade like you on 3 range bars and the only clear signal that my system gave me for the day was a trade around 8AM between 37.26 to 36.93 after that it was only noise for me. Each time I had a pre-trade setup the following bars was a NO TRADE with a big stay away warning.This is the first time that I see a time chart much clear than a range chart. I had signals on a 1 min but I don't trade time chart.

I'm curious to know if you have a way to know that the market will be like in advance or if like you just wait and see (and stay away...) ?

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R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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  #594 (permalink)
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First trade of the day for 17 ticks.

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The Crude Dude Oil Trading System-cl-12-11-15.png  
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  #595 (permalink)
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west palm beach florida usa
 
Futures Experience: Advanced
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Favorite Futures: Cl, TF
 
Posts: 717 since Oct 2011
Thanks: 619 given, 2,419 received

10 tick winner on Cl and 10 tick Sim TF scalp

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-11-15-2.png   The Crude Dude Oil Trading System-tf-12-11-15-1.png  
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  #596 (permalink)
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Another 10 tick TF winner.

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The Crude Dude Oil Trading System-tf-12-11-15-v2.png  
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  #597 (permalink)
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west palm beach florida usa
 
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Favorite Futures: Cl, TF
 
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Two more cl trades..1st one I scratched for + 0...
2nd one got 10 ticks...up about 37 ticks now.

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The Crude Dude Oil Trading System-cl-12-11-15-v3.png  
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  #598 (permalink)
Elite Member
west palm beach florida usa
 
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Okina View Post
You're right it was a terrible day. I trade like you on 3 range bars and the only clear signal that my system gave me for the day was a trade around 8AM between 37.26 to 36.93 after that it was only noise for me. Each time I had a pre-trade setup the following bars was a NO TRADE with a big stay away warning.This is the first time that I see a time chart much clear than a range chart. I had signals on a 1 min but I don't trade time chart.

I'm curious to know if you have a way to know that the market will be like in advance or if like you just wait and see (and stay away...) ?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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Hi..I like your chart setup. To answer your question, I have a basic plan before the 9 am session open..but I often can't tell what the market conditions are like until maybe 15 to 20 minutes have gone by. If I see that I don't like the way price is moving, I will stay out until an extreme high or low price level is reached...or if I see some strong volume coming in.

Failure is not an option
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  #599 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 717 since Oct 2011
Thanks: 619 given, 2,419 received

Two more.. 1. Went long at 36.10..but it lost 10 ticks. 2. Went short at 35.99 and won 10 back.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-11-15-v4.png  
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  #600 (permalink)
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Futures Experience: Advanced
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Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 717 since Oct 2011
Thanks: 619 given, 2,419 received


Decided to stop at 37 ticks up on day. This was my best week of Cl trading yet.

Failure is not an option
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