The Crude Dude Oil Trading System - futures io
futures io futures trading



The Crude Dude Oil Trading System


Discussion in Commodities

Updated
      Top Posters
    1. looks_one lancelottrader with 676 posts (3,418 thanks)
    2. looks_two Rrrracer with 24 posts (86 thanks)
    3. looks_3 Okina with 23 posts (41 thanks)
    4. looks_4 Tap In with 19 posts (36 thanks)
      Best Posters
    1. looks_one josh with 6.1 thanks per post
    2. looks_two lancelottrader with 5.1 thanks per post
    3. looks_3 noobforlyfe with 3.7 thanks per post
    4. looks_4 Rrrracer with 3.6 thanks per post
    1. trending_up 255,435 views
    2. thumb_up 4,463 thanks given
    3. group 322 followers
    1. forum 1,219 posts
    2. attach_file 187 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The Crude Dude Oil Trading System

(login for full post details)
  #1201 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


trepidation View Post
So is the reason why you only trade the morning session and sometimes only the beginning part is because that's where you expect there to be consistent volatility? One thing I noticed is that later in the afternoon there are bursts of momentum that seem amazing in hindsight, but are very difficult to catch. Also, I assume that means if there isn't a move in the morning, you'll just skip trading that day? Thanks!

I mostly trade between 9:30 am est and 12 PM. I do sometimes trade the afternoon if it is moving well. I often will set price alerts at certain levels and if I hear them go off, I'll take a look. Also, if my Tickstrike indicator starts really going off, I also will monitor what is happening. From my experience, NQ moves best for my system between 9:35 am to 10:10 am. Then it can get choppy. Sometimes at 10:20 there is a push. Also 11 am and 11:20 am are often times when a move comes out of nowhere. Why it happens at those times I'm not really sure. Sometimes 12:20 pm is good too.

Failure is not an option
Started this thread Reply With Quote
The following 6 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1202 (permalink)
San Jose, California
 
Experience: Intermediate
Platform: Sierra Chart
 
Posts: 138 since Apr 2018
Thanks: 25 given, 155 received

My understanding is that the market open is where there is "dumb" money or orders that must be filled regardless of technical analysis or levels enter the market which is why volatility and momentum are high. Then towards the end of the morning session is lunch time for the big bois. Though, it's interesting you're saying that the second move occurs an hour before noon. I always thought it occurred just before noon, but I never bothered to crunch the numbers.

Reply With Quote
 
(login for full post details)
  #1203 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


trepidation View Post
My understanding is that the market open is where there is "dumb" money or orders that must be filled regardless of technical analysis or levels enter the market which is why volatility and momentum are high. Then towards the end of the morning session is lunch time for the big bois. Though, it's interesting you're saying that the second move occurs an hour before noon. I always thought it occurred just before noon, but I never bothered to crunch the numbers.

Well, when an instrument moves 100's of ticks..and you catch good portions of the moves on a daily basis..it's hardly "Dumb money." Only the people with "huge money" that move the market can make it move like that anyways. Dumb money is getting in when there is no real direction or momentum and losing everyday.
The time periods I mentioned come from observing this instrument on a daily basis for over seven years straight.

Failure is not an option
Started this thread Reply With Quote
The following 3 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1204 (permalink)
Market Wizard
Florida
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
 
trendwaves's Avatar
 
Posts: 703 since Dec 2012
Thanks: 2,898 given, 2,515 received


lancelottrader View Post
I mostly trade between 9:30 am est and 12 PM. I do sometimes trade the afternoon if it is moving well. I often will set price alerts at certain levels and if I hear them go off, I'll take a look. Also, if my Tickstrike indicator starts really going off, I also will monitor what is happening. From my experience, NQ moves best for my system between 9:35 am to 10:10 am. Then it can get choppy. Sometimes at 10:20 there is a push. Also 11 am and 11:20 am are often times when a move comes out of nowhere. Why it happens at those times I'm not really sure. Sometimes 12:20 pm is good too.

11:00 - 11:30 ET is the 30 minute rotation into the European Market close at 11:30 ET. I concur and also look for a sustained directional price move opportunity during that half hour window. I will take a closer look at the 10:20 and 12:20 times you mentioned. Thanks for sharing.

Be Patient and Trade Smart
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to trendwaves for this post:
 
(login for full post details)
  #1205 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received

Trades for today.


Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #1206 (permalink)
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
 
Tap In's Avatar
 
Posts: 948 since Feb 2013
Thanks: 2,162 given, 2,060 received


lancelottrader View Post
Trades for today.

This is motivating. Thanks!

Reply With Quote
The following user says Thank You to Tap In for this post:
 
(login for full post details)
  #1207 (permalink)
Webinar Host
Indianoplace, IN
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,379 since Feb 2017
Thanks: 16,371 given, 8,985 received

Good to hear from you man, nice day!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #1208 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


Tap In View Post
This is motivating. Thanks!

Thank you.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #1209 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received

Had a fair day. Not a ton of momentum, but the video explains the setups pretty well.


Failure is not an option
Started this thread Reply With Quote
The following 9 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1210 (permalink)
Toronto , Ontario, Canada
 
Experience: Beginner
Platform: Sierra Chart, SC
Trading: Emini ES, CL, USD/CAD
 
Posts: 424 since Jun 2016
Thanks: 1,379 given, 723 received

Great stuff Lance, always a pleasure hearing updates from you.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to noobforlyfe for this post:
 
(login for full post details)
  #1211 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


noobforlyfe View Post
Great stuff Lance, always a pleasure hearing updates from you.

Thank you very much. I appreciate that. I think what this Virus crisis has taught us, is that if you can have a viable thing to do at home like trading, you can still keep afloat compared to a lot of people. I have simplified my system down to where I have taught my girlfriend to do it..and she's already getting a good win rate. She's only been at it a few months.

Failure is not an option
Started this thread Reply With Quote
The following 4 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1212 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received

This short video is Trades taken today by my significant other, who I have been mentoring the last couple of months. This is in preparation for a Funded trader combine. Not mentioning which one yet, but just having her follow the rules to see if she can do it on first in practice.


Failure is not an option
Started this thread Reply With Quote
The following 8 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1213 (permalink)
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
MiniP's Avatar
 
Posts: 1,128 since May 2017
Thanks: 1,098 given, 2,860 received


lancelottrader View Post
This short video is Trades taken today by my significant other, who I have been mentoring the last couple of months. This is in preparation for a Funded trader combine. Not mentioning which one yet, but just having her follow the rules to see if she can do it on first in practice.


Im sure you've answered this question before but what are you using to record your screen and is it a burden on your system?

Thanks

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #1214 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


MiniP View Post
Im sure you've answered this question before but what are you using to record your screen and is it a burden on your system?

Thanks

-P

I use an old program called Screen movie Studio. I doesn't appear to use much CPU or memory when it's running.

Failure is not an option
Started this thread Reply With Quote
The following 2 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1215 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,502 received


MiniP View Post
Im sure you've answered this question before but what are you using to record your screen and is it a burden on your system?

Thanks

-P


If it's helpful: I have a good GPU (rtx 2070) and using OBS I can record 2 1080 screens or 1 4k @ 60fps. Using the GPU is key, and it gets to 50% or so usage, but the CPU doesn't take any hit at all. I tried external capture but this is absolutely the way to go. All integrated and absolutely zero effect on actual trading.

Reply With Quote
The following 5 users say Thank You to josh for this post:
 
(login for full post details)
  #1216 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received


josh View Post
If it's helpful: I have a good GPU (rtx 2070) and using OBS I can record 2 1080 screens or 1 4k @ 60fps. Using the GPU is key, and it gets to 50% or so usage, but the CPU doesn't take any hit at all. I tried external capture but this is absolutely the way to go. All integrated and absolutely zero effect on actual trading.

Thank you. Much appreciated.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #1217 (permalink)
Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 955 since Sep 2013
Thanks: 2,368 given, 1,717 received


MiniP View Post
Im sure you've answered this question before but what are you using to record your screen and is it a burden on your system?

You could also try Flashback Express. The Express version is the free one, Pro is the paid for version that has editing. I use Express to record my screen for a couple of hours when trading.
I have recorded two screens before. I don't find it uses much resources but depends on your computer I guess, and as it's free it's easy to give it a try.
https://www.flashbackrecorder.com/express/

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to matthew28 for this post:
 
(login for full post details)
  #1218 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received

Here is another video of my "protege" Maggie's trades for today. As I mentioned in the last video, she is preparing for a Funded Trader combine so we are practicing using the rules that must be followed.


Failure is not an option
Started this thread Reply With Quote
The following 7 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #1219 (permalink)
Bangor Maine
 
 
Posts: 25 since Nov 2018
Thanks: 16 given, 21 received

Thanks for the videos as I will let my wife watch them as I want to teach her also .

Reply With Quote
The following user says Thank You to hclara for this post:
 
(login for full post details)
  #1220 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
Thanks: 950 given, 4,273 received

Here is probably my last video of Maggie, who I have been mentoring for a few months, showing today's SIM trades in preparation for a 100K funded trader combine. Very good session. Every bit as good as I could do.


Failure is not an option
Started this thread Reply With Quote
The following 11 users say Thank You to lancelottrader for this post:


futures io Trading Community Traders Hideout Commodities > The Crude Dude Oil Trading System


Last Updated on May 6, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 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