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The Crude Dude Oil Trading System


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The Crude Dude Oil Trading System

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  #1401 (permalink)
Cals
puchong, malaysia
 
 
Posts: 10 since Jan 2017
Thanks: 38 given, 14 received

ok cool hotzone time and nice your charts seems to be like what i have , I've followed this topic and def will be seeing if one day i made coffee on a nice late afternoon in asia and be reading all the nuggets here. Thanks again LL

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  #1402 (permalink)
 phantomtrader 
Reno, Nevada
 
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@lancelottrader

Wondering what your computer configuration is - 5 range is CPU heavy - Are you using Intel core i9 or AMD Ryzen? I'm building a new computer (or I may buy one if I don't have time) - debating what the best "guts" are for scalpers. Thanks.

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  #1403 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
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phantomtrader View Post
@lancelottrader

Wondering what your computer configuration is - 5 range is CPU heavy - Are you using Intel core i9 or AMD Ryzen? I'm building a new computer (or I may buy one if I don't have time) - debating what the best "guts" are for scalpers. Thanks.

I've been using the same PC for several years. It's an Intel I7 4.7 Ghz. I haven't seen any issues with it..but I may upgrade in the near future.

Failure is not an option
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  #1404 (permalink)
 phantomtrader 
Reno, Nevada
 
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lancelottrader View Post
I've been using the same PC for several years. It's an Intel I7 4.7 Ghz. I haven't seen any issues with it..but I may upgrade in the near future.

I noticed some serious latency lately. Built my current computer but definitely need an upgrade now with higher volume and volatility. The Intel i7 series is very good I'm told.

Thanks for the info.

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  #1405 (permalink)
 titonka 
Opelika, Alabama
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, CL
 
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phantomtrader View Post
@lancelottrader

Wondering what your computer configuration is - 5 range is CPU heavy - Are you using Intel core i9 or AMD Ryzen? I'm building a new computer (or I may buy one if I don't have time) - debating what the best "guts" are for scalpers. Thanks.

I have been using 5 range on NQ also, with 4+ other tick charts running at same time on either my desktop (AMD Ryzen 5600) or laptop (i7). The 5600 is silky smooth. It doubles as gaming machine also, so lots of other bells and whistles contributing to its performance. But it's fine on the i7 laptop also. 5600 is a great bang for buck processor if you can find one at or near MSRP. I think 32gb RAM is great to have also in a desktop (16 is fairly standard now).

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  #1406 (permalink)
 phantomtrader 
Reno, Nevada
 
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titonka View Post
I have been using 5 range on NQ also, with 4+ other tick charts running at same time on either my desktop (AMD Ryzen 5600) or laptop (i7). The 5600 is silky smooth. It doubles as gaming machine also, so lots of other bells and whistles contributing to its performance. But it's fine on the i7 laptop also. 5600 is a great bang for buck processor if you can find one at or near MSRP. I think 32gb RAM is great to have also in a desktop (16 is fairly standard now).

Thanks. Decided to have one built to my specifications. I don't have the time right now to do it myself. Ordered all the best upgrades, bells and whistles. Should have done this a while ago.

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  #1407 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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phantomtrader View Post
Thanks. Decided to have one built to my specifications. I don't have the time right now to do it myself. Ordered all the best upgrades, bells and whistles. Should have done this a while ago.

Howdy, it will be interesting to see how you are building your PC.

If you are interested, it would be great if you were to copy and paste a copy of your build order.

I recently had a new standalone trading PC built by Magic Micro as they could build a unit for just about what I could buy the parts for.

I shared a copy of my build in the "Show us your Battlestations" post.

I'm sure you are really going to enjoy that new PC, I know I am.

Cheers!

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  #1408 (permalink)
 phantomtrader 
Reno, Nevada
 
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redbarntrades View Post
Howdy, it will be interesting to see how you are building your PC.

If you are interested, it would be great if you were to copy and paste a copy of your build order.

I recently had a new standalone trading PC built by Magic Micro as they could build a unit for just about what I could buy the parts for.

I shared a copy of my build in the "Show us your Battlestations" post.

I'm sure you are really going to enjoy that new PC, I know I am.

Cheers!

Here you go:

1TB SSD SAMSUNG 870 EVO * 3TB Storage*Extreme 64GB DDR3 RAM*

Dual Hexa Core Intel Xeon X5675 MaxTurbo 3.46GHz Processors With 12 (24) True Physical Cores

64GB Of Fast DD3 PC10600R ECC RAM And Memory

3D HD Ultra High Resolution Enterprise DisplayPort

6 Monitor Supporting GPU Complex

Gigibit (1000Mbps)Ethernet! 300MbpsWiFi USB

DVD ROM Built-In Audio/Speaker

Windows 10 Professional - Genuine, Activated, And Updated

The gaming case is refurbished


Cost: $854 plus shipping.

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  #1409 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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phantomtrader View Post
Here you go:

1TB SSD SAMSUNG 870 EVO * 3TB Storage*Extreme 64GB DDR3 RAM*

Dual Hexa Core Intel Xeon X5675 MaxTurbo 3.46GHz Processors With 12 (24) True Physical Cores

64GB Of Fast DD3 PC10600R ECC RAM And Memory

3D HD Ultra High Resolution Enterprise DisplayPort

6 Monitor Supporting GPU Complex

Gigibit (1000Mbps)Ethernet! 300MbpsWiFi USB

DVD ROM Built-In Audio/Speaker

Windows 10 Professional - Genuine, Activated, And Updated

The gaming case is refurbished


Cost: $854 plus shipping.

Good morning! Thanks for sharing your build! It appears that I have to wrap my head around the "Dual Hexa Core" part of the build. I was looking at the CPU speed of that CPU. But since it is "dual", I assume that each CPU would have a speed of around 11,508? That number I got off of a 3.07 GHz. Could not find the one you listed. I like to see what other traders are using for CPU etc.

Looks like you got an excellent price on your unit.

Thank you much and enjoy that new PC!

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  #1410 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
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Trading: es
 
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I have a falcon computer it is getting old I am looking into another one check out a video by Eddy Z he tells you what the minimum internet speed and possessor speed
to use in his opinion. Im looking at Intel Core 8-Core i7-11700k Benchmark 25,320 and AMD RYZEN 9 3900X - 12 Core Processor Benchmark 31,885 and 8 monitor support
but these are pricey
Joe

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  #1411 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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joe s View Post
I have a falcon computer it is getting old I am looking into another one check out a video by Eddy Z he tells you what the minimum internet speed and possessor speed
to use in his opinion. Im looking at Intel Core 8-Core i7-11700k Benchmark 25,320 and AMD RYZEN 9 3900X - 12 Core Processor Benchmark 31,885 and 8 monitor support
but these are pricey
Joe

I compared costs, part offerings and configurations from so many companies.

I finally settled on Magic Micro. Phantomtrader might have a company that has competitive pricing.

It's always interesting who offers what and for what price.

I found that the "trading computer" companies make hefty profits on their builds.

I was originally inspired by Clay Trader on youtube. He showed that you don't have to pay the big bucks to get what you want.

With gaming pc companies catering to the masses, their pricing seems to be so much better.

I went with a Ryzen 5 3600X, 32 R and a Raytheon card for 4 monitors.

However, I only run 2 monitors with DP and 1 with HDMI as I share this 43 in tv with my old pc which I conduct all other work on.

I'm happy with the 3600x. Of course it suits my personal needs. But that 3900x sounds great!

My goal is to get down to 2 monitors for the trading PC. I'm slowly getting there.

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  #1412 (permalink)
 phantomtrader 
Reno, Nevada
 
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joe s View Post
I have a falcon computer it is getting old I am looking into another one check out a video by Eddy Z he tells you what the minimum internet speed and possessor speed
to use in his opinion. Im looking at Intel Core 8-Core i7-11700k Benchmark 25,320 and AMD RYZEN 9 3900X - 12 Core Processor Benchmark 31,885 and 8 monitor support
but these are pricey
Joe

Hi - You might want to compare the prices of the individual components at tigerdirect.com. That should give you some idea as to what profit margin the vendors are making.

https://www.tigerdirect.com/applications/category/category_tlc.asp?CatId=22&srkey=processors

Also your internet speed is important - I can get around 900/35 max in my area and it usually delivers about 800/35 reliably. So if I bought the most expensive processor out there but wasn't getting 1000/165 with very low latency, I'd be wasting my money.

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  #1413 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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phantomtrader View Post
Hi - You might want to compare the prices of the individual components at tigerdirect.com. That should give you some idea as to what profit margin the vendors are making.

https://www.tigerdirect.com/applications/category/category_tlc.asp?CatId=22&srkey=processors

Also your internet speed is important - I can get around 900/35 max in my area and it usually delivers about 800/35 reliably. So if I bought the most expensive processor out there but wasn't getting 1000/165 with very low latency, I'd be wasting my money.

Good point. When we moved to the woods of Montana, speed was 3meg. Finally up to just under 10meg. It does work. I do miss my fiber 100meg.

My wife and I both run off this connection. 2-Nt8's and 1 Bookmap. Yes, we get some Bookmap latency sometimes when the NQ is highly volatile. I make sure during those times, I have a pending limit order placed and do not do market orders during those times.

Just commenting showing that one can scalp even with an antiquated connection. If fact, back in 1999, I had a 128k connection.

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  #1414 (permalink)
 phantomtrader 
Reno, Nevada
 
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redbarntrades View Post
Good point. When we moved to the woods of Montana, speed was 3meg. Finally up to just under 10meg. It does work. I do miss my fiber 100meg.

My wife and I both run off this connection. 2-Nt8's and 1 Bookmap. Yes, we get some Bookmap latency sometimes when the NQ is highly volatile. I make sure during those times, I have a pending limit order placed and do not do market orders during those times.

Just commenting showing that one can scalp even with an antiquated connection. If fact, back in 1999, I had a 128k connection.

We live in the mountains - near Lake Tahoe - Spectrum is our provider and overall, it's very good. Their support is excellent. NQ will have some latency during volatile times regardless of internet speed and computer guts. Just the nature of the beast.

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  #1415 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
Posts: 97 since Sep 2019
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phantomtrader View Post
We live in the mountains - near Lake Tahoe - Spectrum is our provider and overall, it's very good. Their support is excellent. NQ will have some latency during volatile times regardless of internet speed and computer guts. Just the nature of the beast.

That's a pretty spot down there. Used ride my KZ1000 around there back in the 90's. Reno, Virginia City, Tahoe and Carson Pass. . Lot's of good times. Recently sold the bike and started trading again.

Thanks for the comment!

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  #1416 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
Platform: Ninja Trader,Trade Station
Trading: es
 
Posts: 125 since Aug 2015
Thanks: 105 given, 79 received

I will check them out

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  #1417 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
Posts: 1,047 since Oct 2011
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Here are today's trades on NQ.


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  #1418 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
 
Posts: 1,047 since Oct 2011
Thanks: 1,033 given, 4,810 received

Trades for today.
Trade 1- fast momentum move short only about 2 minutes into the open..full 100 tick winner.

Trade 2- 2nd wave Pullback to the 13655 area, the 1 minute pin can be seen at that area.. 87 tick winner

Trade 3- lousy entry at lows of the day..forgot I'm not scalping these days..lol 50 tick loser

Trade 4 Nice pullback 2nd wave..1 minute candle had reached outer EMA bands and 5 range had hit a resistance area I had drawn.. got 90 ticks

Trade 5 - Saw a 2nd wave A entry on 5 range coupled with huge momentum-trade was near lows but I felt it could hit target..I got 87 ticks and I had moved target up so that it didn't have to surpass the low of day and possibly bounce.
Overall a good day. Statistics are showing big improvement using my 1:2 risk reward ratio of approx 100 tick targets to 50 tick stoploss.
trades 5 4 21 1


trades 5 4 21 2


trades 5 4 21 3


trades 5 4 21 4


trades 5 4 21 5

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  #1419 (permalink)
 joe s 
sacramento ca us
 
Experience: Intermediate
Platform: Ninja Trader,Trade Station
Trading: es
 
Posts: 125 since Aug 2015
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Thanks lancelottrader for all the good insights

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  #1420 (permalink)
 lancelottrader 
Legendary Market Wizard
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joe s View Post
Thanks lancelottrader for all the good insights

Thank you. I think, like most retail traders out there, this has been an ongoing experiment to find something that can work on a consistent basis. I have made very few changes to my system in the last few years and although I was finally seeing some profitability, I wasn't entirely satisfied. I felt I could be better. I can honestly say that I am starting to get the results that I had originally envisioned many years ago when I was starting out..before the harsh reality struck over and over.

If I actually stated the amount of money I've lost and the horrible feelings of failure I experienced over these last 13 years or so, one might doubt my sanity or intellect for persisting at this.
But right now, I actually am feeling better about this than at any other time since I started...maybe even a little euphoric. Hopefully, this will continue.

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  #1421 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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lancelottrader View Post
Thank you. I think, like most retail traders out there, this has been an ongoing experiment to find something that can work on a consistent basis. I have made very few changes to my system in the last few years and although I was finally seeing some profitability, I wasn't entirely satisfied. I felt I could be better. I can honestly say that I am starting to get the results that I had originally envisioned many years ago when I was starting out..before the harsh reality struck over and over.

If I actually stated the amount of money I've lost and the horrible feelings of failure I experienced over these last 13 years or so, one might doubt my sanity or intellect for persisting at this.
But right now, I actually am feeling better about this than at any other time since I started...maybe even a little euphoric. Hopefully, this will continue.

Hopefully? Nah! No doubt you will continue!

Persistence is what built civilizations!

When I have a vision to get something accomplished, my motto is: "I'm gonna stay at this if it kills me". Yet here I am today. I ain't died yet!

Your approach and thinking is completely sane!

Thanks for sharing!

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  #1422 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
Experience: Advanced
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Broker: Optimus Futures/ Rithmic
Trading: NQ
 
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redbarntrades View Post
Hopefully? Nah! No doubt you will continue!

Persistence is what built civilizations!

When I have a vision to get something accomplished, my motto is: "I'm gonna stay at this if it kills me". Yet here I am today. I ain't died yet!

Your approach and thinking is completely sane!

Thanks for sharing!

Thank you for the strong, inspiring words. I appreciate it.

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  #1423 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
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lancelottrader View Post
If I actually stated the amount of money I've lost and the horrible feelings of failure I experienced over these last 13 years or so, one might doubt my sanity or intellect for persisting at this.
But right now, I actually am feeling better about this than at any other time since I started...maybe even a little euphoric. Hopefully, this will continue.

Same time period and same experience for me. Although I only lost a very little bit of money over the 13 years until becoming profitable, I did spend an awful amount of time going back onto SIM (after losing from time to time) and tinkering with my trading plan until I got something that worked - and more importantly worked for me, for who I am. I too went through periods of feeling failure but was determined to be one of the whatever small % it is of successful day traders.

Thanks Lance for your thoughts, it is reassuring to read of others who have been through the same journey.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
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  #1424 (permalink)
Cals
puchong, malaysia
 
 
Posts: 10 since Jan 2017
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lancelottrader View Post
Trades for today.
Trade 1- fast momentum move short only about 2 minutes into the open..full 100 tick winner.

Trade 2- 2nd wave Pullback to the 13655 area, the 1 minute pin can be seen at that area.. 87 tick winner

Trade 3- lousy entry at lows of the day..forgot I'm not scalping these days..lol 50 tick loser

Trade 4 Nice pullback 2nd wave..1 minute candle had reached outer EMA bands and 5 range had hit a resistance area I had drawn.. got 90 ticks

Trade 5 - Saw a 2nd wave A entry on 5 range coupled with huge momentum-trade was near lows but I felt it could hit target..I got 87 ticks and I had moved target up so that it didn't have to surpass the low of day and possibly bounce.
Overall a good day. Statistics are showing big improvement using my 1:2 risk reward ratio of approx 100 tick targets to 50 tick stoploss.
trades 5 4 21 1


trades 5 4 21 2


trades 5 4 21 3


trades 5 4 21 4


trades 5 4 21 5

dont mind me how do you derive those levels? very nice level and i see you do trade them quite well. As i mentioned yes i do like your bollinger bands as i do use it the same way

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  #1425 (permalink)
 lancelottrader 
Legendary Market Wizard
west palm beach florida usa
 
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Trading: NQ
 
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Cals View Post
dont mind me how do you derive those levels? very nice level and i see you do trade them quite well. As i mentioned yes i do like your bollinger bands as i do use it the same way

I just did a video on this. If you watch the first 6 minutes or so of this video I explain in detail how I get my levels.

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  #1426 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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For those that might be interested, I have posted a trade I did in the late morning. NQ was dropping to around 13,400. I have found that when price is had such a large move, that there often is a reversal. I have only one futures account and one options account (Nadex). I've finally have remembered to open up the Nadex account when a large move happens.

Awhile ago, the DOW had dropped some 1500 points. I quickly bought a spread. Fortunately, I found a spread on Nadex that had a $6.00 max loss risk. I figured, what the heck, I got in for the $1.00 fee. An hour and half later, I noticed it was up to $96.00.

Probably the best R/R trade I have done.

Today, when the price dropped to the 13,400 level, I purchased an $11.00 OTM contract and later added another for $10.00.

I figured that there would probably be a move to the upside especially in the last 30 minutes.

I only use my futures account for scalping and do not take a 4 hour position, ergo the Nadex account. As you can see the history from today, the 2 contracts (average price $10.50) were closed before the 4:15 expiration for $62.25 each.

I might have stayed in just a little longer and sold them for $80.00 each, but I closed at a decent 1/6.2 ish profit. Had I not taken the profit, I would have not made a cent as the contracts closed just 1.5 points below the strike.

I only share this info for those that would want to be able to place a longer term trade using the indices and not tie up their futures account.

For me, if there is an anticipation of a good move, I can put on a low risk (defined) trade and set and mostly forget while I go back to my futures scalping.

PS. These contracts close at either 0 or 100 dollars at expiration. This trade was for the 4:15pm EST expiration


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  #1427 (permalink)
Cals
puchong, malaysia
 
 
Posts: 10 since Jan 2017
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Hi RBTrades,

Thanks for the insight to the options , here we trade european warrants which is similar to options on your side. Yes it seems interesting, would definitely like to know more (possibly if you did a new thread, we could track it?)
but i dont mind if the threadowner here doesnt. To be honest i dont even know Nadex or how to open an account for non US resident. maybe a intro thread to be done if you are willing too , the works with all the cheese

When you say spread, meaning you selected a OTM, ITM option for long? I would assume it was OTM , oh yes just saw it was for 520.

lol crazy good RRs on it, yes it caught my attention and carry on your edge.

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  #1428 (permalink)
Cals
puchong, malaysia
 
 
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lancelottrader View Post
I just did a video on this. If you watch the first 6 minutes or so of this video I explain in detail how I get my levels.

thanks for re-highlighting this, apologies i have not gone through the whole thread you have , need more coffee and some time for sure.
appreciate your time to come out and post videos of your trading, how your thought process and how you articulate those trade you have taken and the mechanics behind it.

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  #1429 (permalink)
redbarntrades
Kalispell=Mt./USA
 
 
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Cals View Post
Hi RBTrades,

Thanks for the insight to the options , here we trade european warrants which is similar to options on your side. Yes it seems interesting, would definitely like to know more (possibly if you did a new thread, we could track it?)
but i dont mind if the threadowner here doesnt. To be honest i dont even know Nadex or how to open an account for non US resident. maybe a intro thread to be done if you are willing too , the works with all the cheese

When you say spread, meaning you selected a OTM, ITM option for long? I would assume it was OTM , oh yes just saw it was for 520.

lol crazy good RRs on it, yes it caught my attention and carry on your edge.

Good morning, Nadex is available to non US residents. There are videos on youtube and also on Nadex's site. It's all pretty simple once you expose yourself to the concept of binary options. Nadex is not a broker but and exchange. US regulated.

I don't have the time at this point to start a thread, but posted this info for us futures traders who may want to hedge their futures positions or take an alternative trade on futures instruments.

You can find all the info you need by going to Nadex.com

I take only a trade on Nadex periodically. My own main focus is trading similarly to Lancelottrader on this thread.

Best regards!

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 lancelottrader 
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Trades from today after Non Farm payroll release. Very fast price movement initially and pretty tough to time in entries.


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 lancelottrader 
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Thought I was done for the day and went to get a haircut. Came back and saw a nice afternoon move a few minutes ago for another 100 ticks.
Have a nice weekend, everybody.
trades 5 7 21 afternoon 100 ticks

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redbarntrades
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lancelottrader View Post
Thought I was done for the day and went to get a haircut. Came back and saw a nice afternoon move a few minutes ago for another 100 ticks.
Have a nice weekend, everybody.
trades 5 7 21 afternoon 100 ticks

Hi Lance,

Thanks for posting your afternoon trade!

I just enjoyed listening to your first video about mistakes. Very informative. Hopefully, others will pick up on it.

One of my traits (possible fault/possible asset needing restraint/self-discipline) is to look for a trade "under every rock". This morning, very early, I came across a video on ADX which I never used nor understood. I only use an indicator for mostly divergence. My 1&2 minute charts have been similar to yours, mas o menos. So, I always enjoy your videos as they are very relatable.

I studied up on the ADX and after applying it to my chart, I was pleasantly surprised that it revealed divergence but more importantly it showed areas of "weak or absent trend".

So, in reference to your 5/7/21 afternoon chart, I reference the period of about 11:12-12:12. During this time the ADX was declining from roughly 18 down to 10. The ADX was in the "pausing" area. So if I was watching price at the 11:11 period, the ADX would tell me that I need to NOT look for a trade. It was at about 12:12 that the ADX started rising indicating a trend starting.

The ADX is surely different that the MACD type of indicators.

Do you have any thoughts on the ADX? It's the only indicator that I have on my chart except the MA's.

Happy weekend from Montana!

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 lancelottrader 
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redbarntrades View Post
Hi Lance,

Thanks for posting your afternoon trade!

I just enjoyed listening to your first video about mistakes. Very informative. Hopefully, others will pick up on it.

One of my traits (possible fault/possible asset needing restraint/self-discipline) is to look for a trade "under every rock". This morning, very early, I came across a video on ADX which I never used nor understood. I only use an indicator for mostly divergence. My 1&2 minute charts have been similar to yours, mas o menos. So, I always enjoy your videos as they are very relatable.

I studied up on the ADX and after applying it to my chart, I was pleasantly surprised that it revealed divergence but more importantly it showed areas of "weak or absent trend".

So, in reference to your 5/7/21 afternoon chart, I reference the period of about 11:12-12:12. During this time the ADX was declining from roughly 18 down to 10. The ADX was in the "pausing" area. So if I was watching price at the 11:11 period, the ADX would tell me that I need to NOT look for a trade. It was at about 12:12 that the ADX started rising indicating a trend starting.

The ADX is surely different that the MACD type of indicators.

Do you have any thoughts on the ADX? It's the only indicator that I have on my chart except the MA's.

Happy weekend from Montana!

Hi there. I was recently sent a message by a person that has been in the trading game for years, as a broker and trader ..and he suggested I use the ADX..He felt the 14 settings that are default were too high and to go to lower periods as far down as 5...I am going to look into this and see what time frame I want it on and what setting seems to work best. So, yes, the ADX may very well be good for NQ trading.

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redbarntrades
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lancelottrader View Post
Hi there. I was recently sent a message by a person that has been in the trading game for years, as a broker and trader ..and he suggested I use the ADX..He felt the 14 settings that are default were too high and to go to lower periods as far down as 5...I am going to look into this and see what time frame I want it on and what setting seems to work best. So, yes, the ADX may very well be good for NQ trading.

Good morning,

I will check out the smaller period. I installed the ADX on my fast trading chart and then on the 5 minute. I use a 5 minute for the longer time frame as my wife is a 5/15 minute trader and that gives us some base to chit chat about movement. She only looks for certain setups. Maybe only a couple a day. Whereas, my own approach is pretty much the same length of trade time as you.

Once I installed on the 5 minute, it was not long til I removed it. I don't want to waste time interpreting to many indicators. It distracts me from the price action.

With that said, I plan to keep it on my fast chart as that gives me an idea of when to stay out of those flat spots and possibly see some divergence here and there at those DT's and DB's.

I watched your podcast again this morning.

Sincerely, you have brought a lot of value to the futures community!

You are one of just a couple of traders that speaks a strategy language that resonates with me. It's been a challenge to head down a path, over the last years, that the vast majority of traders don't go down. So any video you present is very enjoyable. It's always affirming to see someone else do what you can relate to.

Anyway, thanks for the feedback. Looking forward to seeing how the ADX can keep us out of the chop.

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 lancelottrader 
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redbarntrades View Post
Good morning,

I will check out the smaller period. I installed the ADX on my fast trading chart and then on the 5 minute. I use a 5 minute for the longer time frame as my wife is a 5/15 minute trader and that gives us some base to chit chat about movement. She only looks for certain setups. Maybe only a couple a day. Whereas, my own approach is pretty much the same length of trade time as you.

Once I installed on the 5 minute, it was not long til I removed it. I don't want to waste time interpreting to many indicators. It distracts me from the price action.

With that said, I plan to keep it on my fast chart as that gives me an idea of when to stay out of those flat spots and possibly see some divergence here and there at those DT's and DB's.

I watched your podcast again this morning.

Sincerely, you have brought a lot of value to the futures community!

You are one of just a couple of traders that speaks a strategy language that resonates with me. It's been a challenge to head down a path, over the last years, that the vast majority of traders don't go down. So any video you present is very enjoyable. It's always affirming to see someone else do what you can relate to.

Anyway, thanks for the feedback. Looking forward to seeing how the ADX can keep us out of the chop.

Thank you very much for your nice words.

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 lancelottrader 
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west palm beach florida usa
 
Experience: Advanced
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Trading: NQ
 
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Definitely made some poor trades today and had a few frustrating moments but thanks to the risk/reward ratio, I got away with it. Here are today's trades.


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