NexusFi: Find Your Edge


Home Menu

 





The Beast Slayer, Lance's NQ Trading Journal


Discussion in Commodities

Updated
      Top Posters
    1. looks_one lancelottrader with 843 posts (4,515 thanks)
    2. looks_two redbarntrades with 59 posts (147 thanks)
    3. looks_3 Rrrracer with 28 posts (117 thanks)
    4. looks_4 Okina with 23 posts (41 thanks)
      Best Posters
    1. looks_one lancelottrader with 5.4 thanks per post
    2. looks_two Rrrracer with 4.2 thanks per post
    3. looks_3 Big Mike with 4.1 thanks per post
    4. looks_4 redbarntrades with 2.5 thanks per post
    1. trending_up 449,111 views
    2. thumb_up 6,047 thanks given
    3. group 647 followers
    1. forum 1,639 posts
    2. attach_file 251 attachments




 
Search this Thread

The Beast Slayer, Lance's NQ Trading Journal

  #141 (permalink)
 
trvlntrdr's Avatar
 trvlntrdr 
Reno, NV
 
Experience: Intermediate
Platform: NT
Trading: Currency--just started
Posts: 70 since Feb 2012
Thanks Given: 478
Thanks Received: 115


Sk8ter View Post
That sounds like some great topics. I do hope you will make some more videos. Thanks.

I agree, I don't know how many fans you have but there a re a few of us that enjoy and learn from your posts. If you enjoy the thread, please continue! If it is a drag, well, then thanks for what you have done so far!

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Better Renko Gaps
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
27 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #142 (permalink)
 mosschops 
New York, NY
 
Experience: Intermediate
Platform: ninjatrader
Trading: ES
Posts: 2 since Jan 2012
Thanks Given: 2
Thanks Received: 1

Would you mind commenting on how your system/approach fared on Thurs?
I had a particularly hard day seeing any runners in CL.
Was wondering how you did - catch anything or no trades due to lack of sustained moves?

Thx.

Reply With Quote
  #143 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386



mosschops View Post
Would you mind commenting on how your system/approach fared on Thurs?
I had a particularly hard day seeing any runners in CL.
Was wondering how you did - catch anything or no trades due to lack of sustained moves?

Thx.

Actually, I didn't do particularly well yesterday. Some days the price action is not conducive to winning trades. I lost the first two trades ..so i was down 20 ticks by 9:30 est. At 9:40 I saw a double bottom reversal setup, took that and it won 30 ticks. So i made 10 ticks for the day. I didn't like the way price was moving and decided to not take anymore trades. This week has had several choppy days. Some weeks are like that. I just have learned to spot them and I try to minimize my losses and play defense.

Failure is not an option
Started this thread Reply With Quote
Thanked by:
  #144 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Here is a new video on my current CL system.


Failure is not an option
Started this thread Reply With Quote
  #145 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Some musings on formulating Trading systems and Trading Forums in general. (sorry about the out of sync audio)


Failure is not an option
Started this thread Reply With Quote
  #146 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,316

Thanks for the video Lance, much more beneficial for me than the usual video stuff of trade setups what we see otherwise...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
  #147 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

After a bit of a layoff and some time on Sim to refine my methods, I resumed live Trading 2 weeks ago. The goal has been to have a minimum of 60 ticks a week..I am only trading 1 contract for another month or so..but then will quickly be ramping back up to 2..then 5 by January or so. 60 ticks at 5 contracts is a nice bit of weekly profit. I easily surpassed that on Demo for several months.. Very pleased with the execution and fantastic service at Optimus Trading..as usual.

This pic shows live stats for last 2 weeks..I will be periodically posting stats on here to show progress. The system basically is this:

1. Do the research in am
2. Put together Battle plan of possible setups
3. Be tuned in to market conditions (Chop, strong trending etc.)
4. All trades generally win 2 to 3 times the stop loss.
5. before entering trade..look for any adverse conditions that might make it a lower probability entry.

Failure is not an option
Attached Thumbnails
Click image for larger version

Name:	Stats cl last 2 weeks.PNG
Views:	451
Size:	156.2 KB
ID:	157035  
Started this thread Reply With Quote
  #148 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
Thanked by:
  #149 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


PandaWarrior View Post

Eagle Eye Brian doesn't miss a thing. lol..
Hope you are doing great. Always love to read your thread, by the way.
Yes, I always try to get at least twice my stop for targets..although in the real world..doesn't always work out. Some of those trades may have failed twice at 17 ticks or so..and if I thought a strong reversal was imminent I may have just grabbed 10 instead on some. A couple of others I didn't like after taking lots of heat ..and got out with maybe 1 tick. The stats count the 1 tick as a win..but I figure it takes care of the commission. Most of my wins are about 20 ticks..and some are 30. However, there were some very strong runners I missed out on ..and should have stayed in.
I will update this every few weeks and continue to show the metrics.

Failure is not an option
Started this thread Reply With Quote
Thanked by:
  #150 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386



PandaWarrior View Post

By the way, had I not traded with a hangover today and made a few stupid trades..my stats would have been even better. If we look at them up to yesterday's trades...my average win is 50% more than my average loss.

Failure is not an option
Attached Thumbnails
Click image for larger version

Name:	cl stats v2.PNG
Views:	301
Size:	163.0 KB
ID:	157125  
Started this thread Reply With Quote
Thanked by:




Last Updated on April 11, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts