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


The Crude Dude Oil Trading System
Started: by lancelottrader Views / Replies:110,161 / 831
Last Reply: Attachments:177

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 177  
 
Thread Tools Search this Thread
 

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: 696 since Oct 2011
Thanks: 611 given, 2,324 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  
Reply With Quote
The following 8 users say Thank You to lancelottrader for this post:
 
  #682 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Ninja
Favorite Futures: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 172 since Jan 2013
Thanks: 797 given, 299 received

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
Reply With Quote
The following user says Thank You to tflanner for this post:
 
  #683 (permalink)
Elite Member
Beaverton, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: Currency Futures
 
Posts: 107 since Dec 2012
Thanks: 970 given, 101 received



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

Reply With Quote
 
  #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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
Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
  #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: 696 since Oct 2011
Thanks: 611 given, 2,324 received

Futures Edge on FIO

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
Reply With Quote
The following 6 users say Thank You to lancelottrader for this post:
 
  #686 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,324 received

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
Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
  #687 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,324 received

YUCK!

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-04-16-2-range-3_9_2016.jpg  
Reply With Quote
 
  #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: 696 since Oct 2011
Thanks: 611 given, 2,324 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
Reply With Quote
The following 22 users say Thank You to lancelottrader for this post:
 
  #689 (permalink)
Trading for Fun
Escondido
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: eminis
 
Posts: 69 since Nov 2015
Thanks: 17 given, 82 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.


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
Reply With Quote
 
  #690 (permalink)
Trading for Fun
Brisbane, Queensland, Australia
 
Futures Experience: Intermediate
Platform: OX, Z360, Excel
Broker/Data: DeCarley
Favorite Futures: Futures and Future Options
 
Posts: 121 since Aug 2013
Thanks: 75 given, 96 received

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...

Reply With Quote
The following 2 users say Thank You to BlueRoo 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)
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil trading JDNeeman Trading Journals 526 November 24th, 2016 08:12 PM
Gettin' Serious - Crude Oil Trading tgibbs Elite Trading Journals 19 November 24th, 2014 10:18 AM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
Crude Oil (CL) Trading by goldenriver goldenriver Elite Trading Journals 52 March 12th, 2013 04:32 PM
123 Profitable Crude Oil trading JDNeeman Trading Journals 7 September 6th, 2012 08:06 PM


All times are GMT -4. The time now is 03:25 PM.

no new posts
Page generated 2017-01-24 in 0.18 seconds with 21 queries on phoenix via your IP 54.211.179.232