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

  #681 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,445 received

Ym...

After having fairly mixed results trying to master TF, I started looking at YM again. I've always felt the price action was a good match for my style and I found the moves often smoother than TF. My problem has been the $5 tick value instead of 10$. What I failed to realize is how many 20 tick or more opportunities that happen with my system everyday. So I researched months of charts and decided that as long as my minimum target was 20 ticks, it would be like making 10 ticks on CL or TF. The last week or so, I have been trading it on SIM and getting excellent results.

Here's some trades from today..5 trades all 20 tick winners for 100 ticks. Yes, it is SIM , but no reason it shouldn't work live.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-ym-03-16-2-range-3_2_2016-1.jpg   The Crude Dude Oil Trading System-ym-03-16-2-range-3_2_2016-2.jpg   The Crude Dude Oil Trading System-ym-03-16-2-range-3_2_2016-3.jpg   The Crude Dude Oil Trading System-ym-03-16-2-range-3_2_2016-5.jpg  
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  #682 (permalink)
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Chicago, IL
 
Futures Experience: Advanced
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tf

just got an email that ICE exchange will begin to charge $117 a month for TF data beginning April 1st. I trade CL, TF, ES, and NQ. I am no longer going to trade TF. This $117 charge annoys me. Cheaper to trade the CME indices. Will begin to pay attention to YM.

thx for ur thread.

The Market is Smarter than You Are
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  #683 (permalink)
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Beaverton, Canada
 
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lancelottrader View Post
After having fairly mixed results trying to master TF, I started looking at YM again. I've always felt the price action was a good match for my style and I found the moves often smoother than TF. My problem has been the $5 tick value instead of 10$. What I failed to realize is how many 20 tick or more opportunities that happen with my system everyday. So I researched months of charts and decided that as long as my minimum target was 20 ticks, it would be like making 10 ticks on CL or TF. The last week or so, I have been trading it on SIM and getting excellent results.

Here's some trades from today..5 trades all 20 tick winners for 100 ticks. Yes, it is SIM , but no reason it shouldn't work live.

@lancelottrader, awhile back you were looking at NQ before you decided to test out the TF. Are you finding that the YM is smoother than the NQ? thanks

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  #684 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,445 received


tflanner View Post
just got an email that ICE exchange will begin to charge $117 a month for TF data beginning April 1st. I trade CL, TF, ES, and NQ. I am no longer going to trade TF. This $117 charge annoys me. Cheaper to trade the CME indices. Will begin to pay attention to YM.

thx for ur thread.

I had no idea about that. Thanks..I don't think I want to pay that fee, either.

Failure is not an option
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  #685 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
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Sk8ter View Post
@lancelottrader, awhile back you were looking at NQ before you decided to test out the TF. Are you finding that the YM is smoother than the NQ? thanks

So far, yes. Again, that is with my system I use. I probably will be able to answer that better in a few weeks. From what I am seeing, YM makes a lot of directional moves that easily make 20 to 50 ticks(points) or more..while staying in fairly tight ema's. The smaller point value is easily overcome with larger targets..plus your stops can be wider but still be less risk.

Failure is not an option
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  #686 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
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Posts: 719 since Oct 2011
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Today is a good example why I often wait until after the oil report comes out to trade..on Wednesdays. I don't like this price movement at all.

Failure is not an option
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  #687 (permalink)
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Posts: 719 since Oct 2011
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YUCK!

Failure is not an option
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The Crude Dude Oil Trading System-cl-04-16-2-range-3_9_2016.jpg  
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  #688 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,445 received

It's interesting to see how many threads on Trading forums follow the same evolutionary pattern. They start out as a journal of sorts where someone explains some semblance of a system. Then it devolves into various people all showing their current experiment of the week and more Holy grail searching. "Wait..lets use point and figure bars..no..how about Renko..hey..lets change all the rules now..No..lets go tick bars..yeah..that'll work!"Reminds me of when I was a novice on the Forex factory site. There's comes a time, if one wants this to be more than just a Hobby, to end the eternal testing phase and do something that works.

But apparently people like that stuff and are easily bored by any type of consistent system. The problem is when you are looking at the market through different bars, timeframes and indicators every week, it's becomes very hard to perceive the market flow through any consistent frame of reference.

Failure is not an option
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  #689 (permalink)
Trading for Fun
Escondido
 
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tflanner View Post
just got an email that ICE exchange will begin to charge $117 a month for TF data beginning April 1st. I trade CL, TF, ES, and NQ. I am no longer going to trade TF. This $117 charge annoys me. Cheaper to trade the CME indices. Will begin to pay attention to YM.


That's equivalent to just one small trade of what could be several in a day on the TF. Not happy about it, but it's just a cost of doing business. I will be glad when it reverts back to the CME though.


Last edited by Hickock; March 15th, 2016 at 08:06 PM. Reason: clarity
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  #690 (permalink)
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Brisbane, Queensland, Australia
 
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Platform: OX, Z360, Excel
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Working collaboratively


Lance a forum is not this. A forum is a place for self discovery. To take a step past the Limits of a forum requires developing a professional relationship. I have found the work I do with my trading buddies to this end is very useful in my own development as a trader, but you can not get to this level of you are still toying around with your trading system...my experience with a collaborative group is that it is not about the trades but the running of a trading business...

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