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

  #901 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 779 since Oct 2011
Thanks: 727 given, 2,795 received
Forum Reputation: Legendary


tabrun View Post
always appreciate your posts and videos. which news feed do you use
thanks

I use something called Livesquawk. I just use the free version which is print headlines. It's pretty up to date. I did a free trial of the paid audio version, but I wasn't impressed. Every couple of minutes you would hear a few brief seconds of some garbled announcement.

Failure is not an option
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  #902 (permalink)
Elite Member
pe south africa
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: es
 
Posts: 14 since Nov 2011
Thanks: 5 given, 9 received

Thank you Lance

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  #903 (permalink)
Elite Member
Santa Barbara, CA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZB
 
Posts: 136 since Oct 2014
Thanks: 30 given, 95 received


Hello Lance,

For Livesquawk, where can I sign up for the free version?

Thanks!

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  #904 (permalink)
Trading Apprentice
Los Angeles, California
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: Emini ES
 
Posts: 24 since Mar 2017
Thanks: 4 given, 5 received


michaelleemoore View Post
It's interesting to hear your comments about crude and the indexes. I have moved to YM, and my trades are based on ES reactions to S/R levels, along with VWAPs and OHLC areas. Crude just doesn't have the movement it used to, and the indexes are still on fire. Also, like you, I have moved away from FIO, though I still stop in from time to time. Good to see you back, and good to see someone I respect making a similar decision about trading instruments. Good fortune, my friend!

mlm

It's nice to hear both views from two successful traders. How else would you differ crude oil from the indexes? Some argue that crude offers cleaner moves, while the indexes chop more on an intraday basis. I can understand how this "chop" would just be called an intraday rotational market that offers many swings.

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  #905 (permalink)
Elite Member
Toronto , Ontario, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
 
Posts: 403 since Jun 2016
Thanks: 1,200 given, 651 received


taylo88885 View Post
Take a peek at Futures$ync website

Please don't pollute a very good quality thread with links selling trading system / strategies to only "first 250 people, because any more than that would dilute the effectiveness of the strategy". That line in of itself from the FAQ tells you how bogus it is. Even if a million people knew the same trading strategy and used that, it's not going to dilute your results (which from my understanding of such sites, is in the negatives).

Please don't promote vendors and in fact you should start on page 1 of this thread, Lance has done some exceptional journaling so that newcomers can get a sense of what it takes and the journey. It's not about some system where you pay a monthly subscription and get signals and trade those blind signals.

I don't want to speak for Lance, but I believe he put his journal out in the non-elite section so even non-elite members can learn from his learnings. Not for other members to come and post non-quality posts.

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The following 2 users say Thank You to noobforlyfe for this post:
 
  #906 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 4,315 since Jan 2013
Thanks: 31,853 given, 14,098 received
Forum Reputation: Legendary


noobforlyfe View Post
Please don't pollute a very good quality thread with links selling trading system / strategies to only "first 250 people, because any more than that would dilute the effectiveness of the strategy". That line in of itself from the FAQ tells you how bogus it is. Even if a million people knew the same trading strategy and used that, it's not going to dilute your results (which from my understanding of such sites, is in the negatives).

Please don't promote vendors and in fact you should start on page 1 of this thread, Lance has done some exceptional journaling so that newcomers can get a sense of what it takes and the journey. It's not about some system where you pay a monthly subscription and get signals and trade those blind signals.

I don't want to speak for Lance, but I believe he put his journal out in the non-elite section so even non-elite members can learn from his learnings. Not for other members to come and post non-quality posts.

Don't worry, he'll be banned and all his posts will be deleted as soon as @sam028 or @Big Mike take a look. They're good at it. These types of posts are made and deleted almost every day.

To do something about it, you could click on the little triangle in the upper right corner of every post and report it as vendor spam. Not really necessary, but it might speed things along.

Bob.

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The following 5 users say Thank You to bobwest for this post:
 
  #907 (permalink)
Elite Member
Toronto , Ontario, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
 
Posts: 403 since Jun 2016
Thanks: 1,200 given, 651 received


bobwest View Post
Don't worry, he'll be banned and all his posts will be deleted as soon as @sam028 or @Big Mike take a look. They're good at it. These types of posts are made and deleted almost every day.

To do something about it, you could click on the little triangle in the upper right corner of every post and report it as vendor spam. Not really necessary, but it might speed things along.

Bob.

Thanks bob, already have reported it, but you know how it is, can't get enough of people like this in this business. I may have gone off maybe a bit lol but polluting a good thread like this with garbage like this, ugh one of my pet peeves.

I think Big Mike should do a stat on how much garbage he and Sam has deleted and add it to the stats email he sent out today.. might be in line with attachments downloaded

Cheers,

John

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The following 3 users say Thank You to noobforlyfe for this post:
 
  #908 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 779 since Oct 2011
Thanks: 727 given, 2,795 received
Forum Reputation: Legendary

Riding some bigger winners

Here's a video I did on using a technique I call the "Swing Runner". This is one method of managing a trade in order to catch a bigger move.

Failure is not an option
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The following 9 users say Thank You to lancelottrader for this post:
 
  #909 (permalink)
Elite Member
Colorado Springs, CO
 
Futures Experience: Advanced
Platform: MT4, Ninjatrader
Favorite Futures: CL, NQ, 6E
 
mcjackson's Avatar
 
Posts: 16 since Mar 2014
Thanks: 15 given, 68 received


lancelottrader View Post
Here's a video I did on using a technique I call the "Swing Runner". This is one method of managing a trade in order to catch a bigger move.

Nice to see another CL trader adapt and gravitate towards NQ.

I'm going to sound like an echo, but I think you're covering a super important topic I think most traders don't work on enough.

Learning to hold for bigger winners does some pretty powerful things for your stats. And if you're trading the right contract at the right time, you can really do some good stuff.

So for any other traders reading this journal and you haven't watched this video....watch!

Thanks for putting it together @lancelottrader, looking forward to more!

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The following 3 users say Thank You to mcjackson for this post:
 
  #910 (permalink)
Market Wizard
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 779 since Oct 2011
Thanks: 727 given, 2,795 received
Forum Reputation: Legendary



mcjackson View Post
Nice to see another CL trader adapt and gravitate towards NQ.

I'm going to sound like an echo, but I think you're covering a super important topic I think most traders don't work on enough.

Learning to hold for bigger winners does some pretty powerful things for your stats. And if you're trading the right contract at the right time, you can really do some good stuff.

So for any other traders reading this journal and you haven't watched this video....watch!

Thanks for putting it together @lancelottrader, looking forward to more!

Thank you for your comments. I consider myself a good scalper. A lot of that comes from screen time and watching price move on similar chart setups for many, many years. However, the math just never really added up for me, especially on an instrument like NQ. IF you keep your stops tight, you will lose so much that it becomes a zero sum game. The only solution I saw to taking things to another level ,is to manage trades to have some bigger winners.
It's hard when you are used to taking profit at 20 ticks on NQ..but so many moves can easily go 40-80 ticks or more.
Also, small stops on Nq..anything less than 20 ticks will kill you. I am finding 30 tick stops to be better, which works out to about $150 per contract.
Thanks again for watching the video and your comments.

Failure is not an option
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