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:124,819 / 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

  #801 (permalink)
Membership Temporarily Revoked
white plains new york
 
Futures Experience: Intermediate
Platform: NJ
Favorite Futures: CL
 
Posts: 66 since Apr 2016
Thanks: 30 given, 68 received

Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH


Last edited by Big Mike; August 5th, 2016 at 03:30 PM.
Reply With Quote
 
  #802 (permalink)
Elite Member
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader 8
Favorite Futures: YM, ES, NQ, CL, ZB
 
trendwaves's Avatar
 
Posts: 740 since Dec 2012
Thanks: 2,809 given, 2,423 received


IzhakHaim View Post
Hi all,

I am getting a daily email from a Pro9Trader, shows winning 2-4 trades every day in oil and other futures.

Never got an email that shows a down day. (the real "Holy Grail"????)

They use 3 EMA (10,20,50), Renko 14 bars and some kind of Stoch' on the second panel.

Does any1 familiar with the stoch' setting on the second panel? (pic attached)

Many thanks.

The chart you posted looks a lot like MLM's method, you may want to take a look at his thread here... MLM's method / journal. The "Stoch" on the chart looks like a CCI of some sort, certainly not a stochastic.

Be Patient and Trade Smart
Reply With Quote
The following user says Thank You to trendwaves for this post:
 
  #803 (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: 624 given, 2,437 received

Cyborg Trading


As someone who has thoroughly investigated automated trading (and lost a substantial amount of money on it as well), I do see some advantages of trying to be more robotic in my own trading along with retaining my brain's ability to discern things that automated programs seem to be unable to do.
The problem with every automated program I have come across is that they are generally unable to make adjustments for variations in market conditions..such as consolidated choppiness..or sudden spiky chaotic price movement. There are those times when my brain would be able to tell that a signal does not have the right conditions underlying it..that would make it a valid trade setup. That's why in automation, one has to endure a certain amount of drawdown..that I feel is unnecessary if one has the ability to process the context behind underlying trade signals. Without that, one can mindlessly fire off trades at the wrong moments.
Of course most traders never understand that. Instead, as is evident on most trading forums, the heaviest viewed threads deal with unending experiments in chart and indicator settings, under the false assumption that the right combination will yield the Grail-like magic. Somehow plotting that newest bar setting on that renko, tick, kagi or volume chart will suddenly transform one into a Master Trader. But I digress.....
The aspects of a trading robot that is superior to an average human is that it doesn't stop trading because it lost three trades in a row. It doesn't get angry and perceive the market through a prism of emotion instead of objectivity. It doesn't stop trading because it won a few trades and wants to finish the day off as a winner. It doesn't get nervous and prematurely exit a trade just because a trade moves 6 or 7 ticks against it's entry. It takes all setups that meets the parameters.
So what I feel I need to do..is retain my discretion for entries, properly processing market conditions with my brain, and be more like the robot in the previously mentioned aspects. Thus...Cyborg trading.

Failure is not an option
Reply With Quote
The following 10 users say Thank You to lancelottrader for this post:
 
  #804 (permalink)
Trading for Profit
Atlanta GA USA
 
Futures Experience: Advanced
Platform: thinkorswim/Ninja Trader
Favorite Futures: stock options; ES, TF, 6E, 6J
 
Posts: 204 since Aug 2013
Thanks: 49 given, 190 received


IzhakHaim View Post
Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH

Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

Reply With Quote
The following user says Thank You to emini2000 for this post:
 
  #805 (permalink)
Membership Temporarily Revoked
white plains new york
 
Futures Experience: Intermediate
Platform: NJ
Favorite Futures: CL
 
Posts: 66 since Apr 2016
Thanks: 30 given, 68 received


emini2000 View Post
Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

Yes, that the feeling I have. Every day I get email but it is not the same product they showed yesterday, therefore, clearly, cherry picking the winners. The chart (see above) does look great as to the perfect entry but shows just the winning trades....

IH

Reply With Quote
 
  #806 (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, 5,397 received

I definitely agree about bots. A real profitable bot is imo out of reach of the common retail investor at the beginning of his journey into trading. The paradox is that those who look much after bots are beginner (i know that from personal experience ...).

The other common trap with bot/system is the false idea that if you accept to win small you will win almost all the time. In fact accepting a small reward is the best way to increase risk. But on the other bands it doesnt mean that all trades will be big winners. I have in my folders a system that can win 95% of the trades for a small fixed target of 5t. But it is a fraud because to achieve that you need to have a huge stop that wipe out your profit when he loses. That is the kind of mistake beginners like me does.

So the right attitude is yours @lancelottrader but it is not easy to achieve. In fact nothing is easy in trading.

Thanks for sharing your thoughts.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Reply With Quote
The following 5 users say Thank You to Okina for this post:
 
  #807 (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, 5,397 received

back to my first love

@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

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 3 users say Thank You to Okina for this post:
 
  #808 (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: 624 given, 2,437 received


Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

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

Your combination of having a great analytical mind..along with your intuitive sense of finding great adaptive technical bar and indicator settings will definitely prove to be successful.

Failure is not an option
Reply With Quote
The following 4 users say Thank You to lancelottrader for this post:
 
  #809 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,366 received


Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
 
  #810 (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, 5,397 received



steve2222 View Post
Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

yes, that is the one you see on my charts as High/Low bars or in Lancelottrader as a line of the closes.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Attached Thumbnails
The Crude Dude Oil Trading System-2rb.png  
Reply With Quote
The following user says Thank You to Okina 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)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ 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 06:26 AM.

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 2017-08-21 in 0.15 seconds with 20 queries on phoenix via your IP 54.81.231.226