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The Crude Dude Oil Trading System
Started: by lancelottrader Views / Replies:115,701 / 863
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The Crude Dude Oil Trading System

  #771 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

In this one right now..

Failure is not an option
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  #772 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

Decided to just grab 10..

Failure is not an option
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  #773 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received


Saw order flow coming in..if this takes out 44.10 (there should be stops under there from latecomers who entered long) ..price could move down sharply.

Failure is not an option
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  #774 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

Moved stop to breakeven..not too thrilled with this now.

Failure is not an option
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  #775 (permalink)
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lancelottrader View Post
Saw order flow coming in..if this takes out 44.10 (there should be stops under there from latecomers who entered long) ..price could move down sharply.

Hi Lance - can you confirm why you didn't get short up around the 44.30 area when price moved through the "spine" and bars turned red? Were you waiting to clear the previous low at 44.20? Thanks.

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  #776 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received


RoninRounder View Post
Hi Lance - can you confirm why you didn't get short up around the 44.30 area when price moved through the "spine" and bars turned red? Were you waiting to clear the previous low at 44.20? Thanks.

Exactly. First the order flow wasn't showing much strength at 44.30, plus I did want to see the previous swing low get taken out also.

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  #777 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

This time I got the 20 ticks.

Failure is not an option
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  #778 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

People who were short getting stops taken out..Trade moving up nice.

Failure is not an option
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The following 3 users say Thank You to lancelottrader for this post:
 
  #779 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received

Happy with the 10 tick scalp there.

Failure is not an option
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  #780 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 714 since Oct 2011
Thanks: 619 given, 2,397 received


Those who have followed this thread may wonder why some of these trades deviate from my usual Black spine breaks ..and seem like very late entries. I still take plenty of my spine break trades..but I do need confirmation of strong order flow for them.
After studying months of charts and reviewing hours of my recorded sessions, I started seeing strong moves that seemed to make no structural sense. Price would be trending in a particular direction..and had not hit any serious support and resistance and then..out of nowhere..pick up speed and take off strongly in the opposite direction.
It happened time and time again. So I started watching what order flow was doing at these moments..I started looking at the trade locations. I started thinking about what other traders were doing instead of just following charts and price action.. Where were they entering ? If there was a pullback and a trend re-entry, where had all these traders put their stops? Where would they take profits? How would the combination of profit taking and then stops being hit..along with big players suddenly reversing their position look..especially on the intensity of the order flow coming in? Where would traders be trapped and have to liquidate?

So along with my usual price action entries, I now have other options..that take into consideration what happens in those situations I just described. I am seeing good results from this so far.

Failure is not an option
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