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

  #81 (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
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Very exciting and volatile day with some great moves. I had some Spine Runners on CL and TF . Also, I rode out a couple of trades using my 5 Range Rampage charts, which allows for a little more Bounce than my 2 range Spine moves. This is the type of day where my system can make a good deal of money. This is my 10th winning day in a row..which is something of a record for me. I have hit my "Tier 1 " goal for all 10 days so I feel things are progressing.

Failure is not an option
Attached Thumbnails
The Crude Dude Oil Trading System-cl-12-12-2-range-10_19_2012-9a-m-move-35-ticks.jpg   The Crude Dude Oil Trading System-cl-12-12-5-range-10_19_2012-1020-move.jpg   The Crude Dude Oil Trading System-tf-11-am-move-40-tick-move.jpg  
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  #82 (permalink)
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west palm beach florida usa
 
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Another biggie from today. 100 tick move on CL at around 12 est this afternoon. 5 range keeps me in the trade for the whole ride...

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The Crude Dude Oil Trading System-cl-12-12-5-range-10_19_2012-1155-move-100-ticks.jpg  
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  #83 (permalink)
Trading for Fun
south west UK
 
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What you say about trading cl in the first moments of our post 70 video, about direct move form a to b etc, was exactly what hit me the first time i watched a UK oil chart!Ty for posting, i would really like to get to know more about oil trading

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  #84 (permalink)
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MajorMagnuM View Post
What you say about trading cl in the first moments of our post 70 video, about direct move form a to b etc, was exactly what hit me the first time i watched a UK oil chart!Ty for posting, i would really like to get to know more about oil trading

Hi there. Oil moves stronger and faster than almost any instrument out there. If you're in the UK, you want to be watching it mainly from 2:00 pm GMT till about 4:00. That's when you'll see most of the action. I would just watch the price action on it for a few days.. Then paper trade it untill you really have a handle on it. It is a very rewarding instrument to trade..but also very dangerous and tricky.

Failure is not an option
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  #85 (permalink)
Identify Evaluate Execute
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lancelottrader View Post
Hi there. Oil moves stronger and faster than almost any instrument out there. If you're in the UK, you want to be watching it mainly from 2:00 pm GMT till about 4:00. That's when you'll see most of the action. I would just watch the price action on it for a few days.. Then paper trade it untill you really have a handle on it. It is a very rewarding instrument to trade..but also very dangerous and tricky.

Hi Lance, interesting thread. As an additional point I would say oil does move stronger and faster than almost any instrument (second to gold though in my study). Also interesting to note is the actual size of the move is no different to the resident slug (ES).

So what I'm saying CL also has the same probability of making the same 100 tick move as ES only it will do it stronger and faster as you suggest. For this reason I use exactly the same swing targets on oil as ES. The only difference is if you take the ES trade prepare to sit in it for days.

There is some research here about it here if interested.

https://futures.io/elite-circle/11179-cumulative-delta-volume-trading-44.html#post240842

Cheers
DJ

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  #86 (permalink)
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Video of determining which strategy to employ for trade management using examples from today's moves.


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  #87 (permalink)
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HOT ZONE TIMES


lancelottrader View Post
Video of determining which strategy to employ for trade management using examples from today's moves.


Hi
Thank you for posting video.
You mention Hot zone times. Can you explain more on this.

Thanks

Fasttraxs

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  #88 (permalink)
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fasttraxs View Post
Hi
Thank you for posting video.
You mention Hot zone times. Can you explain more on this.

Thanks

Fasttraxs

For each instrument, there are key times of the Trading session where historic data will show on various chart timeframes..that price tends to make moves. I generally mention those times on my videos as when I tend to look for signals. Often you see a push in Crude Oil around 9 am . Also 10 minutes after the US equity session opens, it will often move. Between 10:35 am est and 11 am , it will make some big moves quite frequently as well. I call these Hotzone times and I center most of my trading around these times. Scroll through 6 months of Crude Oil charts and it will become quite obvious.

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  #89 (permalink)
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Oil acting rather crazy this AM (9:20 ish est). Going to stay out for a while.

Failure is not an option
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  #90 (permalink)
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Fed



lancelottrader View Post
Oil acting rather crazy this AM (9:20 ish est). Going to stay out for a while.

Also, it's Fed day. Look out.

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