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:123,293 / 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

  #601 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,393 received

Hi Lancelot,

I see in your post and your video that you are successfully using volume and increase of volume as part of your trading system. But based on my observations I've always find that the most dynamic part of a trend is always in thin volume. To illustrate this you can see in the chart below that shows a 200 ticks intraday down trend (TFLOW bar 10 ticks range) that large volumes can be find during consolidation and at the end of the trend (for TFLOW the "fat and bright" bars = big volume and thin and dark one = small volume).
Volume is not a part of my system even if I know that I'm certainly missing an interesting piece of information but I'm confused because what I see contradict what I've always read about volume ? For me big volume = danger and potential reversal or end of trend while small volume with big price change = nice opportunity and higher probability of profit ?

Thanks in advance for your insights and opinions.

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

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Okina for this post:
 
  #602 (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


Okina View Post
Hi Lancelot,

I see in your post and your video that you are successfully using volume and increase of volume as part of your trading system. But based on my observations I've always find that the most dynamic part of a trend is always in thin volume. To illustrate this you can see in the chart below that shows a 200 ticks intraday down trend (TFLOW bar 10 ticks range) that large volumes can be find during consolidation and at the end of the trend (for TFLOW the "fat and bright" bars = big volume and thin and dark one = small volume).
Volume is not a part of my system even if I know that I'm certainly missing an interesting piece of information but I'm confused because what I see contradict what I've always read about volume ? For me big volume = danger and potential reversal or end of trend while small volume with big price change = nice opportunity and higher probability of profit ?

Thanks in advance for your insights and opinions.

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

Yes, you are correct that often a large amount of accumulated volume can occur at the end of a trend. When I talk about volume..I am referring to looking for changes that are happening in almost real time.
For example, if I look at 1 minute or 5 minute timeframes for volume and see a fairly big reading, that is basically telling me that there was a lot of buying in selling in that timeframe. So, it's past tense...It doesn't mean much more than the fact that 5 minutes ago, a lot of volume came in. Does it mean more will continue to happen? Who knows?
I am looking more at changes in immediate order flow to be used to possibly confirm a setup I am about to enter or to help me decide whether to stay in a trade..and ride it out longer.
One of the first signals I get is from my indicator called tick strike. It will register increased order flow..by making an audible ticking sound along with a meter that has bars that light up. The faster the ticking sound and the more bars that light up..signal the increased order flow that is happening at that moment. Now just because it ticks and lights up isn't enough reason to take a trade..there can be a quick flurry and then nothing happens ..but if it continues strongly..there is usually some strong price movement. For example, yesterday when TF was crashing along with the Dow, the Tick Strike sounded like a machine gun and all the bars were flashing and lit up.
I also can see volume accumulating on a 10 second chart...You have to be able to read it..like what is called Tape Reading...but it does give some hints.
So the bottom line is I am looking for changes in volume that are happening in the moment..not so much what happened 5 minutes ago.

Failure is not an option
Reply With Quote
The following 7 users say Thank You to lancelottrader for this post:
 
  #603 (permalink)
Elite Member
Orlando, Florida
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: CL, YM
 
CinderellaMan's Avatar
 
Posts: 145 since Nov 2015
Thanks: 498 given, 258 received


Agreed. The 10 second volume chart helps me tremendouslyt o confirm an entry. What happened 5 minutes ago is meaningless imo, when working with a tight stop.

Reply With Quote
The following user says Thank You to CinderellaMan for this post:
 
  #604 (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

Up 30 ticks as of 9:53 on Cl

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-14-15-1.png  
Reply With Quote
The following 2 users say Thank You to lancelottrader for this post:
 
  #605 (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

Not loving this price action...a bit chaotic...I may stop with my 30 ticks up for the day. Have to do a few things anyhow.

Failure is not an option
Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
  #606 (permalink)
Elite Member
toronto canada
 
Futures Experience: Intermediate
Platform: ib
Favorite Futures: option
 
Posts: 25 since Sep 2014
Thanks: 3 given, 3 received

hi lance thanks for ur posting can u tell what is black moving ave line?

Reply With Quote
 
  #607 (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


jas12 View Post
hi lance thanks for ur posting can u tell what is black moving ave line?

It is just part of the Logical Forex Charts...I'm not sure what the exact parameters are..I just know that it helps me spot good entries.

Here's a few scalps today. Up about 30 ticks so far..We are getting some strong moves up..I probably should be holding for bigger targets today.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-15-15-1.png   The Crude Dude Oil Trading System-cl-12-15-15-2.png  
Reply With Quote
The following 2 users say Thank You to lancelottrader for this post:
 
  #608 (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

Scalping down now. 10 more. Up 40 ticks.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-15-15-3.png  
Reply With Quote
The following 4 users say Thank You to lancelottrader for this post:
 
  #609 (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

Great job! Really appreciate your postings.

Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #610 (permalink)
Elite Member
toronto canada
 
Futures Experience: Intermediate
Platform: ib
Favorite Futures: option
 
Posts: 25 since Sep 2014
Thanks: 3 given, 3 received


very nice lance, please can u make small video only for 10 second volume just want to see how you look volume because in 10 second volume one bar with high volume next bars with small voume I mean some time volume bars are with low volume like 35 40 65 70 and then suddenly high volume 100 200 400 only one bar or two bar after that again small volume 40 50 70 like that you say you look for entry when volume change you look just one bar or two bar for high volume change?

Reply With Quote

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 02:50 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 2017-07-22 in 0.14 seconds with 20 queries on phoenix via your IP 54.224.30.39