The Crude Dude Oil Trading System - futures io
futures io



The Crude Dude Oil Trading System


Discussion in Commodities

Updated
      Top Posters
    1. looks_one lancelottrader with 776 posts (3,955 thanks)
    2. looks_two Rrrracer with 28 posts (116 thanks)
    3. looks_3 Okina with 23 posts (41 thanks)
    4. looks_4 redbarntrades with 22 posts (45 thanks)
      Best Posters
    1. looks_one lancelottrader with 5.1 thanks per post
    2. looks_two Rrrracer with 4.1 thanks per post
    3. looks_3 noobforlyfe with 3.7 thanks per post
    4. looks_4 Big Mike with 3.5 thanks per post
    1. trending_up 282,356 views
    2. thumb_up 5,239 thanks given
    3. group 612 followers
    1. forum 1,436 posts
    2. attach_file 240 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)
  #801 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016

Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH

Reply With Quote
 
(login for full post details)
  #802 (permalink)
 trendwaves 
Market Wizard
Florida
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
 
trendwaves's Avatar
 
Posts: 703 since Dec 2012
Thanks: 2,898 given, 2,517 received


IzhakHaim View Post
Hi all,

I am getting a daily email from a Pro9Trader, shows winning 2-4 trades every day in oil and other futures.

Never got an email that shows a down day. (the real "Holy Grail"????)

They use 3 EMA (10,20,50), Renko 14 bars and some kind of Stoch' on the second panel.

Does any1 familiar with the stoch' setting on the second panel? (pic attached)

Many thanks.

The chart you posted looks a lot like MLM's method, you may want to take a look at his thread here... MLM's method / journal. The "Stoch" on the chart looks like a CCI of some sort, certainly not a stochastic.

Be Patient and Trade Smart
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to trendwaves for this post:
 
(login for full post details)
  #803 (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, 4,816 received

As someone who has thoroughly investigated automated trading (and lost a substantial amount of money on it as well), I do see some advantages of trying to be more robotic in my own trading along with retaining my brain's ability to discern things that automated programs seem to be unable to do.
The problem with every automated program I have come across is that they are generally unable to make adjustments for variations in market conditions..such as consolidated choppiness..or sudden spiky chaotic price movement. There are those times when my brain would be able to tell that a signal does not have the right conditions underlying it..that would make it a valid trade setup. That's why in automation, one has to endure a certain amount of drawdown..that I feel is unnecessary if one has the ability to process the context behind underlying trade signals. Without that, one can mindlessly fire off trades at the wrong moments.
Of course most traders never understand that. Instead, as is evident on most trading forums, the heaviest viewed threads deal with unending experiments in chart and indicator settings, under the false assumption that the right combination will yield the Grail-like magic. Somehow plotting that newest bar setting on that renko, tick, kagi or volume chart will suddenly transform one into a Master Trader. But I digress.....
The aspects of a trading robot that is superior to an average human is that it doesn't stop trading because it lost three trades in a row. It doesn't get angry and perceive the market through a prism of emotion instead of objectivity. It doesn't stop trading because it won a few trades and wants to finish the day off as a winner. It doesn't get nervous and prematurely exit a trade just because a trade moves 6 or 7 ticks against it's entry. It takes all setups that meets the parameters.
So what I feel I need to do..is retain my discretion for entries, properly processing market conditions with my brain, and be more like the robot in the previously mentioned aspects. Thus...Cyborg trading.

Failure is not an option
Started this thread Reply With Quote
The following 10 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #804 (permalink)
emini2000
Atlanta GA USA
 
 
Posts: 278 since Aug 2013
Thanks: 69 given, 268 received


IzhakHaim View Post
Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH

Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

Reply With Quote
The following user says Thank You to emini2000 for this post:
 
(login for full post details)
  #805 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016


emini2000 View Post
Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

Yes, that the feeling I have. Every day I get email but it is not the same product they showed yesterday, therefore, clearly, cherry picking the winners. The chart (see above) does look great as to the perfect entry but shows just the winning trades....

IH

Reply With Quote
 
(login for full post details)
  #806 (permalink)
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,464 received

I definitely agree about bots. A real profitable bot is imo out of reach of the common retail investor at the beginning of his journey into trading. The paradox is that those who look much after bots are beginner (i know that from personal experience ...).

The other common trap with bot/system is the false idea that if you accept to win small you will win almost all the time. In fact accepting a small reward is the best way to increase risk. But on the other bands it doesnt mean that all trades will be big winners. I have in my folders a system that can win 95% of the trades for a small fixed target of 5t. But it is a fraud because to achieve that you need to have a huge stop that wipe out your profit when he loses. That is the kind of mistake beginners like me does.

So the right attitude is yours @lancelottrader but it is not easy to achieve. In fact nothing is easy in trading.

Thanks for sharing your thoughts.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #807 (permalink)
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,464 received

@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.


R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #808 (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, 4,816 received


Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.


Your combination of having a great analytical mind..along with your intuitive sense of finding great adaptive technical bar and indicator settings will definitely prove to be successful.

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)
  #809 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,893 since Sep 2009
Thanks: 3,359 given, 1,529 received


Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
 
(login for full post details)
  #810 (permalink)
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,464 received


steve2222 View Post
Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

yes, that is the one you see on my charts as High/Low bars or in Lancelottrader as a line of the closes.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Attached Thumbnails
Click image for larger version

Name:	2rb.PNG
Views:	312
Size:	54.2 KB
ID:	209721  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #811 (permalink)
Hickock
Escondido
 
 
Posts: 69 since Nov 2015
Thanks: 17 given, 87 received


Okina View Post

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

Excellent trading!

I would suggest that you keep looking at the bigger picture and waves. They can give you the bigger picture to help on your intra-day trading.

Once you get good at identifying the larger 2-3 day or longer moves, try using USO options to test out trading the longer time frame. You can start small with 1 contract fairly inexpensively. Your stop is what you pay to buy the call/put, so you can define your total risk before you place the trade. Once you have some success, you can apply that to holding for larger moves on crude when you see them.

I've noticed a pattern the last couple of weeks. Plenty of pre-market and opening moves for good 20-50 tick moves. Then it settles in to the bigger move of the day.

I'm not sure if Lance does this, but I pretty much end my CL trading before 11 am PDT, unless I am already in a larger trade. All the juice is gone by then and it usually just chops or ranges.

Reply With Quote
The following user says Thank You to Hickock for this post:
 
(login for full post details)
  #812 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,893 since Sep 2009
Thanks: 3,359 given, 1,529 received


Okina View Post
yes, that is the one you see on my charts as High/Low bars or in Lancelottrader as a line of the closes.



Thx. So on a 2RB chart your velocity arrows are just simply a measure of the bar duration time compared to the average of the previous 25 bars ie the number of trades or volume within the bars has no bearing on the printing of an arrow. Correct?


Sent from my iPhone using Tapatalk

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
The following user says Thank You to steve2222 for this post:
 
(login for full post details)
  #813 (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, 4,816 received


Hickock View Post
Excellent trading!

I'm not sure if Lance does this, but I pretty much end my CL trading before 11 am PDT, unless I am already in a larger trade. All the juice is gone by then and it usually just chops or ranges.

I don't agree with this (Unless you meant a different time.) 11 am PDT is about 8am eastern standard time and the CL pit session doesn't even open until 9am est. I find usually the best moves are often in that opening hour. Someyime 11:00 am est brings a move or 11:20.. I have mapped out through 5 years of statistics some pretty precise time periods when moves often occur...almost down to certain 10 minute intervals that happen time and time again. I call these hotzone times. I am not going to mention all of them, but between 9:35 est and 9:45 there is often a nice push.

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)
  #814 (permalink)
Hickock
Escondido
 
 
Posts: 69 since Nov 2015
Thanks: 17 given, 87 received


lancelottrader View Post
I don't agree with this (Unless you meant a different time.) 11 am PDT is about 8am eastern standard time and the CL pit session doesn't even open until 9am est. I find usually the best moves are often in that opening hour. Someyime 11:00 am est brings a move or 11:20.. I have mapped out through 5 years of statistics some pretty precise time periods when moves often occur...almost down to certain 10 minute intervals that happen time and time again. I call these hotzone times. I am not going to mention all of them, but between 9:35 est and 9:45 there is often a nice push.


Mix up on the time zones. 11am PDT is 2pm EDT. I am in California on the west coast.

Reply With Quote
 
(login for full post details)
  #815 (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, 4,816 received


Hickock View Post
Mix up on the time zones. 11am PDT is 2pm EDT. I am in California on the west coast.

Sorry, I made a mistake there.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #816 (permalink)
Hickock
Escondido
 
 
Posts: 69 since Nov 2015
Thanks: 17 given, 87 received


lancelottrader View Post
Sorry, I made a mistake there.

No worries. I'm using a tool that is in GMT. Make things confusing as well.

Reply With Quote
 
(login for full post details)
  #817 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016


lancelottrader View Post
I don't agree with this (Unless you meant a different time.) 11 am PDT is about 8am eastern standard time and the CL pit session doesn't even open until 9am est. I find usually the best moves are often in that opening hour. Someyime 11:00 am est brings a move or 11:20.. I have mapped out through 5 years of statistics some pretty precise time periods when moves often occur...almost down to certain 10 minute intervals that happen time and time again. I call these hotzone times. I am not going to mention all of them, but between 9:35 est and 9:45 there is often a nice push.

The 9:35 move is a reaction to the open of the NYSE and the other equity markets in NY

Reply With Quote
 
(login for full post details)
  #818 (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, 4,816 received


IzhakHaim View Post
The 9:35 move is a reaction to the open of the NYSE and the other equity markets in NY

That's correct...After about 10 minutes of the 9:30 open, you can often get a nice move . These sometimes seem to come out of nowhere and can pop close to 50 ticks very quickly. You have to be nimble and jump in, because they often move vertically without any immediate pullback.

Failure is not an option
Started this thread Reply With Quote
The following 5 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #819 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016

And same happened many times right at or right after 11am EST with the EU market closing.

Reply With Quote
 
(login for full post details)
  #820 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016

And you can find the moves again almost daily at 2:00 and 2:30 PM (EST) with the original pit time closing.

Reply With Quote
 
(login for full post details)
  #821 (permalink)
 HoopyTrading 
Boston, MA
 
 
Posts: 264 since Apr 2014


IzhakHaim View Post
The 9:35 move is a reaction to the open of the NYSE and the other equity markets in NY

Wall street is crazy. Ever wonder why the markets seem to dry up around 11AM ET and pick up back around 2PM ET? It's those 3-hour martini lunches they all take I tell you! I've seen it happen!

Wall street is very silly.

Reply With Quote
 
(login for full post details)
  #822 (permalink)
 IzhakHaim 
white plains new york
 
 
Posts: 66 since Apr 2016


HoopyTrading View Post
Wall street is crazy. Ever wonder why the markets seem to dry up around 11AM ET and pick up back around 2PM ET? It's those 3-hour martini lunches they all take I tell you! I've seen it happen!

Wall street is very silly.

11am is when EU traders start to close positions in their markets (EU day end) and go down to the bars. 2pm is the our old pit time ready to shot down and traders need to unload the daily positions.

Reply With Quote
 
(login for full post details)
  #823 (permalink)
 Sam21 
Helsinki, Finland
 
Experience: Beginner
Platform: Sierra
 
Posts: 97 since Sep 2015
Thanks: 297 given, 93 received

Thank you so much Lance for sharing your journey to becoming consistently profitable in this thread. Feels like I've read your (trading) life's story on here and I realise how often I've found myself in similar situations you've been in already 4-5 years ago.

I've studied your way of trading for about two weeks now and taken lots of notes, still feel there are so many mistakes to be learned from your journey that I'll give it a couple more weeks before I've soaked up all the wisdom shared in this thread.

The way you get rid of impulse trading is most fascinating to me and I'm printing out a paper of the questions you use as you're about to enter a trade that I'll have with me for next weeks trading sessions. If I still get into impulse trades after that I'll have to ask for more advice on how you handle the fear of missing out.

Can you please share the "ADD-questions" you talk about before entering? I'd love to have a complete list as to calm my nerves and enter trades with huge orderflow in a state where I have full use of my brain.

Also thank you for the videos as they've been an inspiration for me in my trading that I started using immediately as a way of taking more responsible trades because "someone may be watching". I have over 8 hours recorded from this week's trading and most of it is just sitting and waiting for an entry. Definitively helped with taking less trades (except yesterday when we had FED day and I got excited lol.. it's on video if you wanna see it)





0bl1vion View Post
This is a great thread..but I couldn't get through all of it...paragraphs, folks...paragraphs.

Fun offtopic sidenote. On page seven of this thread I found Oblivion's comment and picture to be suspiciously congruent that I laughed out loud, fun stuff for those that missed it here's a link: .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #824 (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, 4,816 received


Sam21 View Post
Thank you so much Lance for sharing your journey to becoming consistently profitable in this thread. Feels like I've read your (trading) life's story on here and I realise how often I've found myself in similar situations you've been in already 4-5 years ago.

I've studied your way of trading for about two weeks now and taken lots of notes, still feel there are so many mistakes to be learned from your journey that I'll give it a couple more weeks before I've soaked up all the wisdom shared in this thread.

The way you get rid of impulse trading is most fascinating to me and I'm printing out a paper of the questions you use as you're about to enter a trade that I'll have with me for next weeks trading sessions. If I still get into impulse trades after that I'll have to ask for more advice on how you handle the fear of missing out.

Can you please share the "ADD-questions" you talk about before entering? I'd love to have a complete list as to calm my nerves and enter trades with huge orderflow in a state where I have full use of my brain.

Also thank you for the videos as they've been an inspiration for me in my trading that I started using immediately as a way of taking more responsible trades because "someone may be watching". I have over 8 hours recorded from this week's trading and most of it is just sitting and waiting for an entry. Definitively helped with taking less trades (except yesterday when we had FED day and I got excited lol.. it's on video if you wanna see it)






Fun offtopic sidenote. On page seven of this thread I found Oblivion's comment and picture to be suspiciously congruent that I laughed out loud, fun stuff for those that missed it here's a link: .

Thank you for your comments! It always makes me happy when one finds something of value in this thread.Glad that recording your sessions is helping. It has helped me tremendously.
As far as the ADHD issues, I think it was mainly this trading endeavor that made me suspect I had an attention/impulse control problem. After taking several online questionnaires and considering my high school and grade school behavior, I am fairly certain I have many of the symptoms. So(since I am adverse to most pharmaceutical interventions unless absolutely necessary) I have been experimenting with certain nutrients that boost key neurotransmitters that help alleviate this condition. I am finding that to be very helpful, but I have had to take certain steps in modifying my behavior where it relates to my trading.
As I mentioned in previous posts, I found taking two to three losses in a row would often trigger my impulse control issues. I would also start to perceive the market in a non objective manner. Now, many traders experience some form of "revenge trading", but with me it was ridiculous.
Also, since I am attracted to momentum based moves..with a lot of volatility, a sudden burst of order flow ( and since I have audible alerts, watch small timeframes)would often cause me to enter a trade on impulse..even under less than favorable conditions. Something about all the Bells and Whistles would cause me to hit the mouse button.

So..to prevent these problems, I have conditioned myself to take certain steps. To many people, it probably seems silly but I only care that it remedies the situation. I do a continuous commentary and constantly consider what if scenarios in both long and short directions. The scenarios must fit into one of my designated setups. I am always thinking of the potential target and where the stop loss will go. Before I take an entry, I verbally announce the setup. Then I do a checklist. The main things I am considering are: What type of obstacles (such as support and resistance..or price congestion) are in the way? What is the overall trend? What time of the day is it? Is there news coming up? Has price action been chaotic or moving nicely. What kind of real time order flow am I seeing?

This method of questioning prevents me from impulsively jumping into a trade. It helps focus my mind since I am speaking out loud as opposed to having a multitude of silent thoughts..which could be hazy and unclear.
My objective is to only trade, what I believe to be.. the highest probability setups as possible. I am not interested in taking "fairly good "setups. I only want ones that replicate the conditions I have come to know as extremely favorable. Anything else to me is analogous to Gambling.

And hopefully I am better with the paragraphs now..


.

Failure is not an option
Started this thread Reply With Quote
The following 17 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #825 (permalink)
 HoopyTrading 
Boston, MA
 
 
Posts: 264 since Apr 2014


Quoting 
...I have conditioned myself to take certain steps. To many people, it probably seems silly but I only care that it remedies the situation...

We do not CARE that it seems silly to others, and neither should you. If it works for YOU, then use/do/make it so. That (and if) it remedies your situation is the paramount issue. The rest of the folks can bugger off if they do not like it.

But good on you Sir Lancelot! Happy to see you are doing better!

(Your paragraphs still need work though, sorry. :-( )

Reply With Quote
 
(login for full post details)
  #826 (permalink)
 Dervakon 
Montreal, Quebec Canada
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL
 
Dervakon's Avatar
 
Posts: 148 since Feb 2013
Thanks: 408 given, 406 received

Hi Lance,

I would like to know how things is going, do you still have succes with the ranko bar ?

It will be appreciated to have some news of you.

Hope so everything goes well for you

Regard

Dervakon

When you want to succeed as bad as you want to breathe, then you will be successful
-Eric Thomas
Reply With Quote
 
(login for full post details)
  #827 (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, 4,816 received


Dervakon View Post
Hi Lance,

I would like to know how things is going, do you still have succes with the ranko bar ?

It will be appreciated to have some news of you.

Hope so everything goes well for you

Regard

Dervakon

Hi there. I actually only experimented with the renko bar for a brief period of time. There is nothing wrong with it, but I realized that one of the main reasons I have had some consistency in my trading was due to the fact that I watched price move on basically the same chart setups for about 6 years in a row. I am able to process immediate changes in market conditions..etc.. because of the enormous amount of screentime I have put in. I have a strong "feel" for price action on my 2 range chart along with always watching higher timeframe candlecharts as well.

So I have resumed my original style and it is going well.

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)
  #828 (permalink)
sgeesala
Hyderabad
 
 
Posts: 1 since Nov 2011
Thanks: 0 given, 0 received

Even my trading style is similar to yours, I haven't read the complete thread yet, still in page 17.

Here is a screen shot of my trades so far today.

Attached Thumbnails
Click image for larger version

Name:	08162016-UK session.jpg
Views:	407
Size:	2.11 MB
ID:	214041  
Reply With Quote
 
(login for full post details)
  #829 (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, 4,816 received


sgeesala View Post
Even my trading style is similar to yours, I haven't read the complete thread yet, still in page 17.

Here is a screen shot of my trades so far today.

Thanks for the shot of your charts..I like it. If you want, maybe you can share a few things about what you do..For example what kind of setups make you enter a trade?

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #830 (permalink)
 ClutchAce 
Cookeville, TN
 
Experience: Advanced
Platform: Sierra Chart, IB, Python
Trading: NQ, DAX, TOPIX
 
Posts: 59 since Oct 2011
Thanks: 15 given, 17 received

Do you guys have an opinion on the range/rate of this rally in energy futures since last week? I know that one shouldn't trade off of 'news,' but all the notions going around at the moment (record production, doublespeak from OPEC, purported short covering from hedgies) has me wondering how much to 'trust' this rally.

Just curious in-general what others who've been watching this move since last week are thinking...

Reply With Quote
 
(login for full post details)
  #831 (permalink)
 ClutchAce 
Cookeville, TN
 
Experience: Advanced
Platform: Sierra Chart, IB, Python
Trading: NQ, DAX, TOPIX
 
Posts: 59 since Oct 2011
Thanks: 15 given, 17 received

Scalping mostly...once in a while, an opinion/bias creeps in...

Reply With Quote
 
(login for full post details)
  #832 (permalink)
 ClutchAce 
Cookeville, TN
 
Experience: Advanced
Platform: Sierra Chart, IB, Python
Trading: NQ, DAX, TOPIX
 
Posts: 59 since Oct 2011
Thanks: 15 given, 17 received

Hey Lance, how's the trading been of-late? Seems OPEC & macro news has given it plenty of fight here in the 43-46 range.

Reply With Quote
 
(login for full post details)
  #833 (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, 4,816 received

Hi everybody. Haven't posted here in a long time. Still trading and still trying to improve. The system is basically the same, but have been showing progress in managing trades for bigger targets.

I still take a lot of 10 tick scalps, but on many trades also go for 20 to 40 ticks. I am trading YM and GC along with Crude Oil.
I have recently made some videos of this weeks trading and I am including them here for those who want to see what my trading looks like now.




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)
  #834 (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, 4,816 received

One more.


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)
  #835 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

Excellent videos, love to see them!

BTW, those price magnets, are they drawn by Logical Forex Flow?

Reply With Quote
 
(login for full post details)
  #836 (permalink)
 CinderellaMan 
Orlando, Florida
 
Experience: Beginner
Platform: Ninjatrader
Trading: CL, YM
 
CinderellaMan's Avatar
 
Posts: 147 since Nov 2015
Thanks: 529 given, 266 received

Hi lance, great to see you still doing well.

-OneUpTrader
Reply With Quote
 
(login for full post details)
  #837 (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, 4,816 received


wshi88 View Post
Excellent videos, love to see them!

BTW, those price magnets, are they drawn by Logical Forex Flow?

Yes..It's the Logical Forex Magnets indicator.. I use them on all my timeframes..Saves me time having to draw them. Glad you like the videos.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #838 (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, 4,816 received


CinderellaMan View Post
Hi lance, great to see you still doing well.

Thank you. I appreciate it. How's trading going?

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #839 (permalink)
 CinderellaMan 
Orlando, Florida
 
Experience: Beginner
Platform: Ninjatrader
Trading: CL, YM
 
CinderellaMan's Avatar
 
Posts: 147 since Nov 2015
Thanks: 529 given, 266 received


lancelottrader View Post
Thank you. I appreciate it. How's trading going?

Coming along very nicely. I am not where I thought I'd be a year ago, but I've learned so much.

-OneUpTrader
Reply With Quote
 
(login for full post details)
  #840 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

One more question, I remember you used Rampage indicator, do you still use it?

Reply With Quote
 
(login for full post details)
  #841 (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, 4,816 received


wshi88 View Post
One more question, I remember you used Rampage indicator, do you still use it?

Actually, I recently stopped using it. I don't feel I need it at this point. I have found that putting a dotted 35 ema on time based charts (simulating the rampage dots) in combo with a cross of a 10 and 20 ema is similar to Rampage. Saves $100 a month too, lol

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #842 (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, 4,816 received


CinderellaMan View Post
Coming along very nicely. I am not where I thought I'd be a year ago, but I've learned so much.

Good. One can always keep learning. I just recently revamped how I was managing trades..and it's working much better.

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #843 (permalink)
 pivotaltrader 
San Francisco Ca
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp/Rithmic
Trading: ES,ZB,CL,GC
 
Posts: 2 since Jul 2014
Thanks: 0 given, 5 received

Glad to see the video updates, i like you talking through your trades and how you are managing your expectations with more patience! keep the videos coming

Reply With Quote
The following user says Thank You to pivotaltrader for this post:
 
(login for full post details)
  #844 (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, 4,816 received

Trades on CL from today.


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)
  #845 (permalink)
 dannyinhouston 
Houston Texas
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, YM, NQ, ES
 
dannyinhouston's Avatar
 
Posts: 312 since Mar 2016
Thanks: 281 given, 982 received

Glad to see you back. You were the first trader I started following here. Hope all is well.

Reply With Quote
The following user says Thank You to dannyinhouston for this post:
 
(login for full post details)
  #846 (permalink)
 michaelleemoore 
Market Wizard
Missoula, MT Nɫʔay(ccstm)
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: CL, ES
 
michaelleemoore's Avatar
 
Posts: 3,436 since Nov 2012
Thanks: 5,542 given, 12,202 received


lancelottrader View Post
Hi everybody. Haven't posted here in a long time. Still trading and still trying to improve. The system is basically the same, but have been showing progress in managing trades for bigger targets.

I still take a lot of 10 tick scalps, but on many trades also go for 20 to 40 ticks. I am trading YM and GC along with Crude Oil.
I have recently made some videos of this weeks trading and I am including them here for those who want to see what my trading looks like now.


Happy to see you back, @lancelottrader! Like you, I had to expand my repertoire when CL decided to become a sloth for six weeks or so. NQ and YM for me. But now CL is moving again, as well, so times are good.

Good to have you back at FIO.

Cheers,

Michael

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #847 (permalink)
 tabrun 
South Africa
 
Experience: Intermediate
Platform: ninjatrader
Trading: es
 
Posts: 33 since Nov 2011
Thanks: 8 given, 32 received

Lance good to see you back, thanks for video's

Reply With Quote
The following user says Thank You to tabrun for this post:
 
(login for full post details)
  #848 (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, 4,816 received


michaelleemoore View Post
Happy to see you back, @lancelottrader! Like you, I had to expand my repertoire when CL decided to become a sloth for six weeks or so. NQ and YM for me. But now CL is moving again, as well, so times are good.

Good to have you back at FIO.

Cheers,

Michael

Thanks Michael. I enjoyed your seminar the other day. Great job.

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #849 (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, 4,816 received


dannyinhouston View Post
Glad to see you back. You were the first trader I started following here. Hope all is well.

Thanks a lot. Hope everything is well with you.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #850 (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, 4,816 received

From today. Not my best performance, but some decent trades at the end.



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)
  #851 (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, 4,816 received

Recap of my current trading system: part 1
Trading three instruments. GC, CL and YM. I have been watching Ym for a while and trading it on SIM for about four months. Now I'm trading it live. Although the point value is only $5 , this gives some advantages. For example a 20 tick stop would only be a loss of $100 per contract. 20 tick targets are easily reached as well. I find when there is good momentum, it moves in a much more linear fashion compared to Crude's Twists and turns. So far, I am doing well with it.

Gold is something I don't trade often, but there are moments when it moves well. I keep my eye on it and always move my little audible price alerts to areas of interest in case I am focused on another instrument. I basically only trade it when it really starts to take off. It often reacts strongly to economic news events.

Unfortunately, Crude..in my opinion doesn't move, on average, like it did in the past. A quick glance at charts from the previous four years or so will easily verify that. It still has it's days (like we have seen recently), but on average I am finding it much more difficult to sustain myself from only trading Crude..like I used to.

So, now before I trade each morning, I identify all relevant support/resistance levels. I examine the overnight activity , look at high time frames for a macro trend . I then go down to my smaller frames , looking for various swing highs and lows and smaller micro areas of price congestion and s/r areas. These small areas can have a profound effect on price action ..along with causing price to bounce. I map these out carefully.

Then I put together my prospective Battle Plan. These are anticipated setups and possible trade areas. These are events, that if they occur, I will need to make a decision whether to take a trade or pass. I, of course, also leave open the possibility of "real time" unplanned setups forming as well.
End of part 1

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)
  #852 (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, 4,816 received

Now, as I mentioned in posts in the past, I suspect that I have some issues with prolonged time periods of focus. I like to really be in tune..so to speak ..with an instrument's immediate market conditions at all times. I find my brain, when properly tuned in, is a very good "indicator." From watching market action several hours a day, on virtually the same chart setup..for the past several years or so..I have developed a very good "feel" for price movement. I also have acquired an astute ability to recognize predictable patterns. However, it is hard to silently maintain this type of intense focus for several hours in a row.

To aid in my focus, I constantly do a verbal narration of what the various instruments are doing at all times. I will comment on how much volatility is currently occurring and do a series of "what if" scenarios. For example, I am saying things like "If oil fails at this area, forms my setup pattern ..would this be a trade I want? This verbal commentary gives me the ability to stay tuned into what price is doing at any given moment.
Then, before taking a trade, I ask myself, "Ok..Why not?" So I quickly glance at my checklist to see if there are adverse reasons not to take the trade. Perhaps, there is an overall lack of momentum, or I'm up against a Magnet line s/r level..or I might need to have too large of a stoploss. Maybe there has been chaotic price action, it's a bad time of the day (like 12pm est)..or price is in a cosolidation pattern.

So, if everything checks out, my charts and indicators are giving me good signals etc..then I will take the trade.

In the next part, I will write about managing trades.

End of part 2

Failure is not an option
Started this thread Reply With Quote
The following 5 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #853 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

Hi Lance,

Excellent analysis as always!

Have you monitored NQ (nasdaq futures)? If so, how do you compare with YM?

I find NQ to be more volatile than YM.

Also, NG (natural gas) can be a good candidate, it moves more predictablly than CL, in my opinion.

Reply With Quote
The following user says Thank You to wshi88 for this post:
 
(login for full post details)
  #854 (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, 4,816 received


wshi88 View Post
Hi Lance,

Excellent analysis as always!

Have you monitored NQ (nasdaq futures)? If so, how do you compare with YM?

I find NQ to be more volatile than YM.

Also, NG (natural gas) can be a good candidate, it moves more predictablly than CL, in my opinion.

Thanks for your comments. I remember your contributions to this thread in the past and I appreciate your interaction. I haven't really looked at natural Gas. I have traded NQ a few years ago, mostly on SIM. It seemed like it had good volatility, but for some reason I didn't do that well on it. I did several posts about it in this thread. However, I think I will start possibly watching it again. If I do, I will watch it instead of gold during the 9:30 am est equity session. I don't like to watch more than two or three different instruments at once. Perhaps I will just watch the GC between 8:30 and 9:30..(First hour of it's US pit open) and then switch to NQ at 9:30.
You may have given me a good idea.:
Thanks. How is everything with you?

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #855 (permalink)
 FreddieKeys 
Idaho Falls, ID
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
 
Posts: 344 since Jun 2012
Thanks: 759 given, 642 received

Thanks for your sharing as CL lately is different beast

Reply With Quote
The following user says Thank You to FreddieKeys for this post:
 
(login for full post details)
  #856 (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, 4,816 received

Recap of today. Thanks to wshi88. I watched NQ along with CL and YM.


Failure is not an option
Started this thread Reply With Quote
The following 5 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #857 (permalink)
 stifland 
Belcher, LA
 
Experience: Intermediate
Platform: Ninja
Broker: TradeFutures4less/CQG
Trading: CL
 
stifland's Avatar
 
Posts: 108 since Feb 2010
Thanks: 109 given, 115 received


lancelottrader View Post
Recap of today. Thanks to wshi88. I watched NQ along with CL and YM.


Theres a lot to like about the Logical FX package. I still don't quite understand exactly what you look for as to entry methos other than W's? could you go in to that a bit if you want to share

Reply With Quote
 
(login for full post details)
  #858 (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, 4,816 received


stifland View Post
Theres a lot to like about the Logical FX package. I still don't quite understand exactly what you look for as to entry methos other than W's? could you go in to that a bit if you want to share

I have made a few videos and posts that go into specific entry criteria, and will make another in the near future. Basically, the entries are mainly price action patterns that are fairly common , although the context, momentum and overall market conditions are extremely important.
In a market with some directional, trending volatility..I look for pullbacks to either former swing areas or failed reversals through micro or macro support and resistance levels. Then a re-entry into the trend. This can of course be done with a variety of charting styles. I just happen to like the Logical Forex because I have watched it for many years..and I can quickly identify what type of immediate conditions the market is in. I like Tick Strike as well for order flow confirmation.

Often the pullbacks on my charts ..if going long can form a V shape or a W shape. If going short, the pattern will resemble an A or an M. Without the right amount of strong momentum though, these patterns don't mean much. These patterns will look different on candle charts or renko bars, but the same thing can be accomplished.

Other setups would include some consolidation breakouts and sometimes something I call a "Power Move" which is a sudden surge in price that happens almost spontaneously. My charts help me see those moves in real time.. In fact, a small one happened on CL today around 10:15 am est and I was able to immediately take an entry and get a decent 10 tick scalp. The trade only lasted a few seconds.

That's it basically. And although, it's very simplistic..I will only take trades when several factors line up.. As I mentioned a few posts ago, I have a checklist I quickly scan before entry.

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)
  #859 (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, 4,816 received

Recap from today's session with live recorded trades. Did fairly well, but didn't take full advantage of the big move down in equities.



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)
  #860 (permalink)
 stifland 
Belcher, LA
 
Experience: Intermediate
Platform: Ninja
Broker: TradeFutures4less/CQG
Trading: CL
 
stifland's Avatar
 
Posts: 108 since Feb 2010
Thanks: 109 given, 115 received

One comment on the MM. i notice you always kind of go all, all out compared to a 2 target approach. So question would be , how would you know when to go for 10 or 20 versus using the spine runner? Maybe would be good to have T1 and a runner. You mentioned you had an atm to approximate the spinr runner so wondering if you could show atm setup for that and i may experiment with it, thanks. B

Reply With Quote
 
(login for full post details)
  #861 (permalink)
 stifland 
Belcher, LA
 
Experience: Intermediate
Platform: Ninja
Broker: TradeFutures4less/CQG
Trading: CL
 
stifland's Avatar
 
Posts: 108 since Feb 2010
Thanks: 109 given, 115 received

magnet to magnet

https://www.screencast.com/t/E7p4isJWR

not sure how to get just image to show up like you guys.....

Reply With Quote
The following user says Thank You to stifland for this post:
 
(login for full post details)
  #862 (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, 4,816 received


stifland View Post
One comment on the MM. i notice you always kind of go all, all out compared to a 2 target approach. So question would be , how would you know when to go for 10 or 20 versus using the spine runner? Maybe would be good to have T1 and a runner. You mentioned you had an atm to approximate the spinr runner so wondering if you could show atm setup for that and i may experiment with it, thanks. B

I have tried trading taking off contracts, but I have proven to do better going all in or all out. Some trades , depending on how strong the momentum is, lend themselves to a bigger target. But honestly, I don't always know initially , which is why I evaluate when it gets to 10 ticks whether I will hold for more or not. If I set a fixed 10 tick target each time, that is all I will get. If I set a bigger target and decide I am only going to take 10, then I have that option. It also depends on how many obstacles are in the way of a bigger target.

I don't use an ATM to trail the black spine. I bought something called Profit manager a few years back, that has a trailing stop that you can program a variety of ways. You can have it trail through an EMA or SMA, Percentage, Parabolic SAR ,Bollinger, Swing/high or low, Supertrend and a few more. I got it through Indicator Warehouse , but it was around $700. They don't make it anymore. I tinkered with it until I got a decent approximation of the spine.

Here's a video on it I made a few years ago, if you want to see it in action.


Failure is not an option
Started this thread Reply With Quote
The following 5 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #863 (permalink)
 trendwaves 
Market Wizard
Florida
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
 
trendwaves's Avatar
 
Posts: 703 since Dec 2012
Thanks: 2,898 given, 2,517 received

In NinjaTrader 8, there is a new feature where you can attach any open order directly to an indicator via Chart Trader. So you can simply have your ATM Strategy put a fixed stop on the chart for you at say 20 ticks or whatever fixed value you like, then you click on the order and attach it directly to your spine (with an offset if you like) and the ATM will then move the order with the spine over time. No programming required, it's all done on the chart with your mouse.

Here is a tutorial on how do use this feature of NT8...

Be Patient and Trade Smart
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to trendwaves for this post:
 
(login for full post details)
  #864 (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, 4,816 received


trendwaves View Post
In NinjaTrader 8, there is a new feature where you can attach any open order directly to an indicator via Chart Trader. So you can simply have your ATM Strategy put a fixed stop on the chart for you at say 20 ticks or whatever fixed value you like, then you click on the order and attach it directly to your spine (with an offset if you like) and the ATM will then move the order with the spine over time. No programming required, it's all done on the chart with your mouse.

Here is a tutorial on how do use this feature of NT8...

Thanks..That looks very cool. Not sure yet if some of my indicators will work on Ninja 8.

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)
  #865 (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, 4,816 received

Trading is going much better since I've included NQ as one of my instruments. It works great with my system. Crude has been very disappointing lately.


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)
  #866 (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, 4,816 received

Recap of today's trades.


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)
  #867 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

Hi Lance,

Happy to see you're doing real well with NQ.

You may want to look at FDAX, the tick value is $10 EURO (about $12 US), and it moves FAST!

You do need to pay $21 for EUREX real time feed, but you can see intraday chart without the feed just to study it.

Reply With Quote
 
(login for full post details)
  #868 (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, 4,816 received


wshi88 View Post
Hi Lance,

Happy to see you're doing real well with NQ.

You may want to look at FDAX, the tick value is $10 EURO (about $12 US), and it moves FAST!

You do need to pay $21 for EUREX real time feed, but you can see intraday chart without the feed just to study it.

I have to thank you again for suggesting I look into NQ again. It's made a big difference in my trading. My system requires instruments that move with momentum . Cl seems to have lost a lot of it's volatility these days.

I have looked at charts of FDAX over the years and it looked like something I would do well with. However, my broker's clearing didn't have FDAX in the past. I might check into it again, sometime. I would like it better if I was up during the European session. I think it moves smoother in the first few hours of it's open.

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #869 (permalink)
 noobforlyfe 
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

Hey @lancelottrader,

It's been i think a year now since you've last posted? How have things been going? Hope you're doing well.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #870 (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, 4,816 received


noobforlyfe View Post
Hey @lancelottrader,

It's been i think a year now since you've last posted? How have things been going? Hope you're doing well.

Hi there. Thanks for asking. Things have been going very well. Still trading pretty much the same system with some minor adjustments. I moved more away from Crude since it doesn't seem to have the same volatility it used to. I mainly trade NQ now, since it provides way more opportunities. The problem though is that it can be very dangerous to trade with a relatively small stop..unless you have the right market conditions and you are very precise with your entries.
I usually use a 20 tick stop and about a 20 tick target. These targets are very easy to reach..Sometimes I even get 40 tick targets.
I pretty much only trade 1 setup these days since it is the one I have had the most consistency with. A while back, a good friend of mine since I was a kid, asked me to trade his account and split profits. That arrangement has been working out very well and has made things much less stressful to me, since I am not risking my savings and stuff like that.
I will try to post some videos of trades again if anyone feels it would be of use.
Thanks for saying hi.

Failure is not an option
Started this thread Reply With Quote
The following 11 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #871 (permalink)
 noobforlyfe 
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


lancelottrader View Post
Hi there. Thanks for asking. Things have been going very well. Still trading pretty much the same system with some minor adjustments. I moved more away from Crude since it doesn't seem to have the same volatility it used to. I mainly trade NQ now, since it provides way more opportunities. The problem though is that it can be very dangerous to trade with a relatively small stop..unless you have the right market conditions and you are very precise with your entries.
I usually use a 20 tick stop and about a 20 tick target. These targets are very easy to reach..Sometimes I even get 40 tick targets.
I pretty much only trade 1 setup these days since it is the one I have had the most consistency with. A while back, a good friend of mine since I was a kid, asked me to trade his account and split profits. That arrangement has been working out very well and has made things much less stressful to me, since I am not risking my savings and stuff like that.
I will try to post some videos of trades again if anyone feels it would be of use.
Thanks for saying hi.

I've been following your thread for almost 2 years now, as a lurker, but was definitely a follower. Would appreciate your videos. Your thread shows clear journey through lows and highs and the transparency you show has been an inspiration for struggling traders.

Whenever you can or would like to post, I for one would definitely appreciate it.

Thanks for showing everything throughout the years. Great motivation during the tough times.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to noobforlyfe for this post:
 
(login for full post details)
  #872 (permalink)
 ssber 
Mallorca, Spain.
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
 
Posts: 37 since Apr 2012
Thanks: 43 given, 27 received


noobforlyfe View Post
I've been following your thread for almost 2 years now, as a lurker, but was definitely a follower. Would appreciate your videos. Your thread shows clear journey through lows and highs and the transparency you show has been an inspiration for struggling traders.

Whenever you can or would like to post, I for one would definitely appreciate it.

Thanks for showing everything throughout the years. Great motivation during the tough times.

Same thing here, I miss the videos with your comments. :=)
Bye

Reply With Quote
The following 2 users say Thank You to ssber for this post:
 
(login for full post details)
  #873 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,492 since Jan 2013
Thanks: 49,146 given, 21,795 received


lancelottrader View Post
I will try to post some videos of trades again if anyone feels it would be of use.

I think it would be very useful.

Thanks for whatever you can do.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #874 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
lemons's Avatar
 
Posts: 942 since Nov 2010
Thanks: 1,825 given, 2,259 received


bobwest View Post
I think it would be very useful.

Thanks for whatever you can do.

Bob.

@lancelottrader

I second that

I would be nice to see how you trade NQ.

Reply With Quote
The following 2 users say Thank You to lemons for this post:
 
(login for full post details)
  #875 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,380 since Aug 2009
Thanks: 10,249 given, 2,435 received


Thanks

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 3 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #876 (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, 4,816 received

I sincerely appreciate the nice comments. Thanks everyone. I think I will do a video on some stuff that I feel really turned things around for me..so I'll try and get that up here in a few days.

Failure is not an option
Started this thread Reply With Quote
The following 11 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #877 (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, 4,816 received

From this mornings trades. Quick video of live recorded trades.


Failure is not an option
Started this thread Reply With Quote
The following 12 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #878 (permalink)
 noobforlyfe 
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


lancelottrader View Post
From this mornings trades. Quick video of live recorded trades.

Great video / pointers. Thanks for posting and sharing your thoughts.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to noobforlyfe for this post:
 
(login for full post details)
  #879 (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, 4,816 received


noobforlyfe View Post
Great video / pointers. Thanks for posting and sharing your thoughts.

Thank you! I appreciate it. Glad you liked it.

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)
  #880 (permalink)
 tabrun 
South Africa
 
Experience: Intermediate
Platform: ninjatrader
Trading: es
 
Posts: 33 since Nov 2011
Thanks: 8 given, 32 received

thank you, good to see you back, appreciate video

Reply With Quote
The following user says Thank You to tabrun for this post:
 
(login for full post details)
  #881 (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, 4,816 received


Failure is not an option
Started this thread Reply With Quote
The following 12 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #882 (permalink)
 michaelleemoore 
Market Wizard
Missoula, MT Nɫʔay(ccstm)
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: CL, ES
 
michaelleemoore's Avatar
 
Posts: 3,436 since Nov 2012
Thanks: 5,542 given, 12,202 received


lancelottrader View Post
Hi there. Thanks for asking. Things have been going very well. Still trading pretty much the same system with some minor adjustments. I moved more away from Crude since it doesn't seem to have the same volatility it used to. I mainly trade NQ now, since it provides way more opportunities. The problem though is that it can be very dangerous to trade with a relatively small stop..unless you have the right market conditions and you are very precise with your entries.
I usually use a 20 tick stop and about a 20 tick target. These targets are very easy to reach..Sometimes I even get 40 tick targets.
I pretty much only trade 1 setup these days since it is the one I have had the most consistency with. A while back, a good friend of mine since I was a kid, asked me to trade his account and split profits. That arrangement has been working out very well and has made things much less stressful to me, since I am not risking my savings and stuff like that.
I will try to post some videos of trades again if anyone feels it would be of use.
Thanks for saying hi.

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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to michaelleemoore for this post:
 
(login for full post details)
  #883 (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, 4,816 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

Hi. Thanks for your message. I hope everything is going great with you. I figured that someone such as yourself, who I always felt had great instincts and pattern recognition abilities, would see that Crude has changed from the way it once moved.
I have enjoyed reading your posts and seeing your trading techniques over the years. I think you have been a positive influence on many people here. I appreciate your comments.

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)
  #884 (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, 4,816 received

Here's a quick one. My last trade shows the value of having a good stop placement and not panicking.


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)
  #885 (permalink)
 noobforlyfe 
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


lancelottrader View Post
Here's a quick one. My last trade shows the value of having a good stop placement and not panicking.

Thanks for the video, great pointer about managing the stop wisely. In fact today I've been trying to reap back the profits i had during early into the day. Should've called it a day then. Compared to my last few days, today I have been an intense scalper today. Need to bring back some composure now, and wait for one or two good entries for the remaining of the trading day.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to noobforlyfe for this post:
 
(login for full post details)
  #886 (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, 4,816 received


noobforlyfe View Post
Thanks for the video, great pointer about managing the stop wisely. In fact today I've been trying to reap back the profits i had during early into the day. Should've called it a day then. Compared to my last few days, today I have been an intense scalper today. Need to bring back some composure now, and wait for one or two good entries for the remaining of the trading day.

I hear you..Same thing happened to me yesterday. It goes back to that dilemma that you mentioned in your journal..about when to stop for the day. It's always hard to figure that out.

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)
  #887 (permalink)
 Rrrracer 
Webinar Host
Liquidity Hunting Nomad
Roamin' the countryside
 
Experience: Intermediate
Platform: Lookin' around
Broker: CQG thus far
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,416 since Feb 2017
Thanks: 16,817 given, 9,196 received


lancelottrader View Post
I hear you..Same thing happened to me yesterday. It goes back to that dilemma that you mentioned in your journal..about when to stop for the day. It's always hard to figure that out.

I'm getting to the point that if I start feeling discomposed or unsure, I should really be looking to call it a day. Especially if there's a profit on the line

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #888 (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, 4,816 received


Rrrracer View Post
I'm getting to the point that if I start feeling discomposed or unsure, I should really be looking to call it a day. Especially if there's a profit on the line

Good idea.

Failure is not an option
Started this thread Reply With Quote
 
(login for full post details)
  #889 (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, 4,816 received

Do you have a workable system that achieves consistent profits on SIM? But then when you go live , you have poor results..or sometimes.. total disasters. That was my experience for many years. This video explains in detail the strategies I used to overcome this issue. This info is definitely the most important thing that helped me finally break out of the pattern of constant failure.


Failure is not an option
Started this thread Reply With Quote
The following 15 users say Thank You to lancelottrader for this post:
 
(login for full post details)
  #890 (permalink)
 noobforlyfe 
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


lancelottrader View Post
Do you have a workable system that achieves consistent profits on SIM? But then when you go live , you have poor results..or sometimes.. total disasters. That was my experience for many years. This video explains in detail the strategies I used to overcome this issue. This info is definitely the most important thing that helped me finally break out of the pattern of constant failure.

Thanks for this video Lance. Breathing is very important and when its equally paced, you enable yourself to be at best physiologically, providing you with a better cognitive attention

Here is a two part tedx talk for those who are interested more into this. Part one goes into explanation as to how your breathing and emotions impact your cognitive abilities. Dr. Alan Watkins was a prominent neuroscientist and coming from a neuroscience education myself. We often went deeper into the more research parts of his work in our courses.

Anyhow, part 2 of this talk goes more in detail about how to calm your mind to allow you to be 'brilliant' every day.

I've shared it somewhere sometime back, but will link it once again for any readers on this thread.

part 1:


Part 2:




Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to noobforlyfe for this post:
 
(login for full post details)
  #891 (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, 4,816 received


noobforlyfe View Post
Thanks for this video Lance. Breathing is very important and when its equally paced, you enable yourself to be at best physiologically, providing you with a better cognitive attention

Here is a two part tedx talk for those who are interested more into this. Part one goes into explanation as to how your breathing and emotions impact your cognitive abilities. Dr. Alan Watkins was a prominent neuroscientist and coming from a neuroscience education myself. We often went deeper into the more research parts of his work in our courses.

Anyhow, part 2 of this talk goes more in detail about how to calm your mind to allow you to be 'brilliant' every day.

I've shared it somewhere sometime back, but will link it once again for any readers on this thread.

part 1:


Part 2:




Sent using the futures.io mobile app

Thank you very much for this! I will watch it tomorrow since I am going to bed soon. I appreciate this.

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #892 (permalink)
warriortrader007
Odessa, Ukraine
 
 
Posts: 12 since May 2018
Thanks: 1 given, 1 received

Guys, do your really think that proper breathing significantly improve your trading?

Reply With Quote
 
(login for full post details)
  #893 (permalink)
 noobforlyfe 
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


warriortrader007 View Post
Guys, do your really think that proper breathing significantly improve your trading?

I think you are mistaking breathing as some add-on to make your trading better.

Breathing properly doesn't make you any smarter, watching being brilliant everyday doesn't entail that you will increase your cognitive capacity and performance. You could be a stellar in composing your HRV and still be the trader who had, has and will have a negative trading system.

When you take live trades your emotions, heart rate, hormones all are elevated and erratic. What you can do by breathing more rhythmically, is to calm yourself so you can better manage your trades rather than going in , out at every tick with u or against you. EVEN if you breathe rhythmically, there's nothing that says you won't lose or still face these problems. You 99.99% will still face these erratic states of emotions and until you can tame yourself to be composed no matter what happens, nothing will change.


So if you got a failing system, nothing you do will help you. Not even by taking nootropics nor magically increasing your IQ overnight.

Whatever soothes your mind, that's your "breathing". For most physiologically, breathing in a paced manner allows coherence and calmness. For you, it could be something different. But last time I checked, in your fight/flight response aka during physical exercise your heart beats faster, breathing is faster, and when you're sleeping, eating or watching tv, you're heart rate is lower and not as erratic, meaning you're generally calm when doing latter activities.

Cheers,

John

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to noobforlyfe for this post:
 
(login for full post details)
  #894 (permalink)
warriortrader007
Odessa, Ukraine
 
 
Posts: 12 since May 2018
Thanks: 1 given, 1 received

Trading is the activity under great psychological pressure
And you have not to avoid, you have to adjust

Reply With Quote
 
(login for full post details)
  #895 (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, 4,816 received

Here is a recap of today's trades and an explanation of a technique I call MSA (Multiple Scenario Analysis).

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)
  #896 (permalink)
 RoninRounder 
Kansas City
 
Experience: Intermediate
Platform: NT
Trading: TF,CL,ZS
 
Posts: 21 since Jan 2012
Thanks: 75 given, 29 received


lancelottrader View Post
Here is a recap of today's trades and an explanation of a technique I call MSA (Multiple Scenario Analysis).

Thanks Lance. Very helpful and always appreciate the insight.

Reply With Quote
The following 3 users say Thank You to RoninRounder for this post:
 
(login for full post details)
  #897 (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, 4,816 received

Here's a recap of May 24th..It shows how I responded in my first trade to an unexpected market move. Plus I mention why breakouts and reversals are not my preferred setups.


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)
  #898 (permalink)
 Rrrracer 
Webinar Host
Liquidity Hunting Nomad
Roamin' the countryside
 
Experience: Intermediate
Platform: Lookin' around
Broker: CQG thus far
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,416 since Feb 2017
Thanks: 16,817 given, 9,196 received

That's realtime? Wow NQ can really hustle lol... nice video

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)
  #899 (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, 4,816 received


Rrrracer View Post
That's realtime? Wow NQ can really hustle lol... nice video

Yes...I did not speed up the video in any of those trades.

Failure is not an option
Started this thread Reply With Quote
The following user says Thank You to lancelottrader for this post:
 
(login for full post details)
  #900 (permalink)
 tabrun 
South Africa
 
Experience: Intermediate
Platform: ninjatrader
Trading: es
 
Posts: 33 since Nov 2011
Thanks: 8 given, 32 received

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

Reply With Quote
The following 2 users say Thank You to tabrun for this post:


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


Last Updated on May 17, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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