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 457,876 views
    2. thumb_up 6,047 thanks given
    3. group 648 followers
    1. forum 1,639 posts
    2. attach_file 251 attachments




 
Search this Thread

The Beast Slayer, Lance's NQ Trading Journal

  #591 (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


Srq1 View Post
I thought you trade TF, read it in one of your post, while back, .
Are you re-training yourself on it.
Are you using same system.
How did you do before when you trade it.
Thanks for taken the time to respond
Srq1

Yes, at the beginning of this thread...which was several years ago...I was trading TF. I got mixed results and ended up focusing 100% on Crude Oil.
So a few months back, I started looking at TF again. I have taken some live trades on it...but since it moves differently than Cl, I am mostly on SIM untill I have some positive statistics for several months on it. I have been doing pretty well so far..and there are days when it provides better trades than CL (if Cl is choppy or like today.)

Failure is not an option
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
About a successful futures trader who didnt know anythin …
Psychology and Money Management
Trade idea based off three indicators.
Traders Hideout
How to apply profiles
Traders Hideout
ZombieSqueeze
Platforms and Indicators
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #592 (permalink)
 Srq1 
Sarasota, Fla
 
Experience: Beginner
Platform: Ninja Trader ,Tos
Broker: NinjaTrader Brokerage
Trading: NQ MNQ MES ES
Posts: 63 since Mar 2012
Thanks Given: 226
Thanks Received: 25

Lancelottrader thanks for the quick reply,will be reading your post and watching videos ,lots to learn.like the system.

Reply With Quote
Thanked by:
  #593 (permalink)
 
Okina's Avatar
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
Posts: 2,149 since Sep 2015
Thanks Given: 758
Thanks Received: 5,464



lancelottrader View Post
Anyhow..for me..this was a day to basically stay out. This is what I refer to when I mention unfavorable market conditions. These are also the days that provide those statistics you read about in the threads that claim price action setups and patterns don't work.
You have to determine, early on, that this is not the type of day to keep taking entries or you will probably end up losing lots of trades.

You're right it was a terrible day. I trade like you on 3 range bars and the only clear signal that my system gave me for the day was a trade around 8AM between 37.26 to 36.93 after that it was only noise for me. Each time I had a pre-trade setup the following bars was a NO TRADE with a big stay away warning.This is the first time that I see a time chart much clear than a range chart. I had signals on a 1 min but I don't trade time chart.

I'm curious to know if you have a way to know that the market will be like in advance or if like you just wait and see (and stay away...) ?




R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Visit my NexusFi Trade Journal Reply With Quote
  #594 (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

First trade of the day for 17 ticks.

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

Name:	cl 12 11 15.PNG
Views:	233
Size:	380.5 KB
ID:	199363  
Started this thread Reply With Quote
Thanked by:
  #595 (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

10 tick winner on Cl and 10 tick Sim TF scalp

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

Name:	cl  12 11 15 2.PNG
Views:	188
Size:	470.8 KB
ID:	199368   Click image for larger version

Name:	TF 12 11 15 1.PNG
Views:	185
Size:	329.5 KB
ID:	199369  
Started this thread Reply With Quote
Thanked by:
  #596 (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

Another 10 tick TF winner.

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

Name:	TF 12 11 15 v2.PNG
Views:	178
Size:	379.5 KB
ID:	199371  
Started this thread Reply With Quote
Thanked by:
  #597 (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

Two more cl trades..1st one I scratched for + 0...
2nd one got 10 ticks...up about 37 ticks now.

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

Name:	cl 12 11 15 v3.PNG
Views:	185
Size:	349.9 KB
ID:	199375  
Started this thread Reply With Quote
Thanked by:
  #598 (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


Okina View Post
You're right it was a terrible day. I trade like you on 3 range bars and the only clear signal that my system gave me for the day was a trade around 8AM between 37.26 to 36.93 after that it was only noise for me. Each time I had a pre-trade setup the following bars was a NO TRADE with a big stay away warning.This is the first time that I see a time chart much clear than a range chart. I had signals on a 1 min but I don't trade time chart.

I'm curious to know if you have a way to know that the market will be like in advance or if like you just wait and see (and stay away...) ?




Hi..I like your chart setup. To answer your question, I have a basic plan before the 9 am session open..but I often can't tell what the market conditions are like until maybe 15 to 20 minutes have gone by. If I see that I don't like the way price is moving, I will stay out until an extreme high or low price level is reached...or if I see some strong volume coming in.

Failure is not an option
Started this thread Reply With Quote
Thanked by:
  #599 (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

Two more.. 1. Went long at 36.10..but it lost 10 ticks. 2. Went short at 35.99 and won 10 back.

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

Name:	cl 12 11 15 v4.PNG
Views:	239
Size:	362.9 KB
ID:	199381  
Started this thread Reply With Quote
Thanked by:
  #600 (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


Decided to stop at 37 ticks up on day. This was my best week of Cl trading yet.

Failure is not an option
Started this thread Reply With Quote




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