NexusFi: Find Your Edge


Home Menu

 





The Beast Slayer, Lance's NQ Trading Journal


Discussion in Commodities

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




 
Search this Thread

The Beast Slayer, Lance's NQ Trading Journal

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

Very exciting and volatile day with some great moves. I had some Spine Runners on CL and TF . Also, I rode out a couple of trades using my 5 Range Rampage charts, which allows for a little more Bounce than my 2 range Spine moves. This is the type of day where my system can make a good deal of money. This is my 10th winning day in a row..which is something of a record for me. I have hit my "Tier 1 " goal for all 10 days so I feel things are progressing.

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

Name:	CL 12-12 (2 Range)  10_19_2012 9a m move 35 ticks.jpg
Views:	448
Size:	171.8 KB
ID:	92523   Click image for larger version

Name:	CL 12-12 (5 Range)  10_19_2012 1020 move.jpg
Views:	460
Size:	157.1 KB
ID:	92524   Click image for larger version

Name:	tf 11 am move 40 tick move.jpg
Views:	446
Size:	102.5 KB
ID:	92525  
Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Build trailing stop for micro index(s)
Psychology and Money Management
Futures True Range Report
The Elite Circle
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #82 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Another biggie from today. 100 tick move on CL at around 12 est this afternoon. 5 range keeps me in the trade for the whole ride...

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

Name:	CL 12-12 (5 Range)  10_19_2012 1155 move 100 ticks.jpg
Views:	456
Size:	136.7 KB
ID:	92526  
Started this thread Reply With Quote
  #83 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
Thanks Received: 15


What you say about trading cl in the first moments of our post 70 video, about direct move form a to b etc, was exactly what hit me the first time i watched a UK oil chart!Ty for posting, i would really like to get to know more about oil trading

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


MajorMagnuM View Post
What you say about trading cl in the first moments of our post 70 video, about direct move form a to b etc, was exactly what hit me the first time i watched a UK oil chart!Ty for posting, i would really like to get to know more about oil trading

Hi there. Oil moves stronger and faster than almost any instrument out there. If you're in the UK, you want to be watching it mainly from 2:00 pm GMT till about 4:00. That's when you'll see most of the action. I would just watch the price action on it for a few days.. Then paper trade it untill you really have a handle on it. It is a very rewarding instrument to trade..but also very dangerous and tricky.

Failure is not an option
Started this thread Reply With Quote
Thanked by:
  #85 (permalink)
 
djkiwi's Avatar
 djkiwi 
Mercer Island WA
 
Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker: Various
Trading: TF/NQ/ES/Stocks
Posts: 561 since May 2010
Thanks Given: 981
Thanks Received: 1,558


lancelottrader View Post
Hi there. Oil moves stronger and faster than almost any instrument out there. If you're in the UK, you want to be watching it mainly from 2:00 pm GMT till about 4:00. That's when you'll see most of the action. I would just watch the price action on it for a few days.. Then paper trade it untill you really have a handle on it. It is a very rewarding instrument to trade..but also very dangerous and tricky.

Hi Lance, interesting thread. As an additional point I would say oil does move stronger and faster than almost any instrument (second to gold though in my study). Also interesting to note is the actual size of the move is no different to the resident slug (ES).

So what I'm saying CL also has the same probability of making the same 100 tick move as ES only it will do it stronger and faster as you suggest. For this reason I use exactly the same swing targets on oil as ES. The only difference is if you take the ES trade prepare to sit in it for days.

There is some research here about it here if interested.



Cheers
DJ

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

Video of determining which strategy to employ for trade management using examples from today's moves.


Failure is not an option
Started this thread Reply With Quote
  #87 (permalink)
 fasttraxs 
Danville, California
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES Currency furtures
Posts: 69 since Sep 2010
Thanks Given: 611
Thanks Received: 20


lancelottrader View Post
Video of determining which strategy to employ for trade management using examples from today's moves.


Hi
Thank you for posting video.
You mention Hot zone times. Can you explain more on this.

Thanks

Fasttraxs

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


fasttraxs View Post
Hi
Thank you for posting video.
You mention Hot zone times. Can you explain more on this.

Thanks

Fasttraxs

For each instrument, there are key times of the Trading session where historic data will show on various chart timeframes..that price tends to make moves. I generally mention those times on my videos as when I tend to look for signals. Often you see a push in Crude Oil around 9 am . Also 10 minutes after the US equity session opens, it will often move. Between 10:35 am est and 11 am , it will make some big moves quite frequently as well. I call these Hotzone times and I center most of my trading around these times. Scroll through 6 months of Crude Oil charts and it will become quite obvious.

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

Oil acting rather crazy this AM (9:20 ish est). Going to stay out for a while.

Failure is not an option
Started this thread Reply With Quote
  #90 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274



lancelottrader View Post
Oil acting rather crazy this AM (9:20 ish est). Going to stay out for a while.

Also, it's Fed day. Look out.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on April 11, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts