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

  #781 (permalink)
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This was pretty spontaneous...was reading e-mails and tick strike lit up and made a lot of noise...Saw the structure..liked it..did a quick checklist and jumped in..

Decided to take 20 ticks after some pausing and a small retracement.

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  #782 (permalink)
 R.I.P. 1969-2016 
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lancelottrader View Post
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.

Lance I guess that those kind of move are near level that a lot of traders look at like vwap, pivot etc...? I know you are not using those levels but a lot of people are and that could explain the volume and violent move around them.

And for example on you last 20T trade the market went down exactly to the 43.66 which is the eth vwap and rebound on it (and on the way down it also has made a rebounf on 43.95 with is the 5min opening range high a level that a lot of trade look at

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  #783 (permalink)
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Okina View Post
Lance I guess that those kind of move are near level that a lot of traders look at like vwap, pivot etc...? I know you are not using those levels but a lot of people are and that could explain the volume and violent move around them.

Maybe..Guess sometimes I'm a little slow to catch on..lol

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  #784 (permalink)
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15 tick scalp here.

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  #785 (permalink)
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Calling it a day..have a good weekend everyone. Just one of those days I felt like posting..

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  #786 (permalink)
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lancelottrader View Post
15 tick scalp here.

Hehe you sold exactly at 43.66 ? and 43.66 was the Pivot point -

The break of the pivot has trigger a lot of sales and now it it is going back to it but slowly.

Your method with the order flow react at those point and it is perfectly logical - that is the reason why I added them on my charts - I don't play them outright but I watch especially the order flow when we are near them.

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  #787 (permalink)
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Okina View Post
Hehe you sold exactly at 43.66 ? and 43.66 was the Pivot point -

The break of the pivot has trigger a lot of sales and now it it is going back to it but slowly.

Your method with the order flow react at those point and it is perfectly logical - that is the reason why I added them on my charts - I don't play them outright but I watch especially the order flow when we are near them.

I generally assign my own levels of importance to price areas..by my research. I also scroll carefully through the overnight session to see how many times price tested an area..how strong it reacted when it finally broke through. I code these levels with different shaded colors sometimes..wait for fails off of them..etc. When that aligns with extreme order flow.(100's of contracts coming in a short period of time)..plus making sure no strong price congestion is in the way of my target, then I have a valid setup.
It seems to work pretty good.

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  #788 (permalink)
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Okina View Post
Hehe you sold exactly at 43.66 ? and 43.66 was the Pivot point -

And there is the problem .....

Assume you are talking DAILY, that is not the Pivot on my chart, so one of us is wrong

ETH is .57 and RTH is .48

I note Inletcap has .57 on one of his charts as well

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What Indicators Are You Using

I have seen a lot of indicators and to me what you have looks like Guppy Multiple Moving Averages, but I though that on my chart set to 2 range and it didn't line up. Can you share what you are using? This looks interesting and simple. I'm so tired of trying to figure out all the charts...I'm looking to trade one chart what shows me the trend and allows me to stay with a trade.

Thanks,
DSP

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  #790 (permalink)
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dsperry View Post
I have seen a lot of indicators and to me what you have looks like Guppy Multiple Moving Averages, but I though that on my chart set to 2 range and it didn't line up. Can you share what you are using? This looks interesting and simple. I'm so tired of trying to figure out all the charts...I'm looking to trade one chart what shows me the trend and allows me to stay with a trade.

Thanks,
DSP

I use an indicator called Rampage and others are from something called Logical Forex.

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