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Search: Posts Made By: worldwary

Forum: Trading Journals

March 31st, 2011, 02:54 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Can't believe we're here already. March 31, the...

Can't believe we're here already. March 31, the end of the month-long saga. I was pleased to finish the month off on a high note, with a 33 tick net profit on a couple of CL trades.

Posting to...

Forum: Trading Journals

March 31st, 2011, 12:06 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Thanks for your comments. I think adaptation is...

Thanks for your comments. I think adaptation is crucial. I have found over and over through the years that trading systems that work really well for a while can stop working without much notice. The...

Forum: Trading Journals

March 30th, 2011, 04:04 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

I focused on CL today as the pace of action in YM...

I focused on CL today as the pace of action in YM was yawningly slow. Finished with a reasonable profit on three trades although I'm not happy about my exit strategy overall; I got shaken out early...

Forum: Trading Journals

March 29th, 2011, 04:45 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Had a great CL trade today, and a lousy YM trade...

Had a great CL trade today, and a lousy YM trade where I shorted at what literally turned out to be the low tick of the day. Bad idea to trade right into the scheduled news announcement; was aware of...

Forum: Trading Journals

March 28th, 2011, 09:13 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Breakeven day today. I made some good mental...

Breakeven day today. I made some good mental adjustments over the weekend and was in the right frame of mind for the kind of action we saw today. Still getting my "sea legs," however, and didn't...

Forum: Trading Journals

March 27th, 2011, 01:47 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Here are some charts illustrating the differences...

Here are some charts illustrating the differences between high and low volatility I mentioned in the prior post. Clearly the same tactics don't work in both environments.

If volatility stays low...

Forum: Trading Journals

March 25th, 2011, 03:13 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

R.I.P. strategy. Today may mark the...

R.I.P. strategy.

Today may mark the unofficial death of the strategy I've been using to trade YM. Volatility has declined sharply, and as a consequence the behavior of the instrument has...

Forum: Trading Journals

March 24th, 2011, 04:18 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

It was a bad day of trading, my worst yet. I...

It was a bad day of trading, my worst yet. I think the main issue was that I got started very late, about an hour before the close, and wanted to get some trades in. Didn't wait for my usual setups,...

Forum: Trading Journals

March 23rd, 2011, 03:37 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

I traded pretty well today but again have very...

I traded pretty well today but again have very little to show for it. I've basically been treading water the last several days.

Today started out with a nice short and maybe I should have just...

Forum: Trading Journals

March 22nd, 2011, 04:50 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Basically a breakeven day that started...

Basically a breakeven day that started beautifully but was ruined by one bad trade.

I tried something a bit new today. When price entered a zone of interest, I watched time & sales data for clues...

Forum: Trading Journals

March 21st, 2011, 04:18 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

I only took a couple of trades today but felt...

I only took a couple of trades today but felt pretty good about how I traded. It was a low volatility day with a clear upside bias, so I decided to avoid shorts and wait for a good long setup, then...

Forum: Trading Journals

March 18th, 2011, 04:47 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Just had a nice long journal post that I managed...

Just had a nice long journal post that I managed to delete before hitting the submit button. Here's the abbreviated version:

Trading was difficult today as the "all in all out" method wasn't...

Forum: Trading Journals

March 17th, 2011, 03:57 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Good day of trading. Hit my profit target in two...

Good day of trading. Hit my profit target in two trades and done for the day.

I traded CL exclusively today as I couldn't get in synch with YM. CL gave one of my favorite setups this afternoon:...

Forum: Trading Journals

March 17th, 2011, 03:40 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Good idea. I'm leaning in that general direction...

Good idea. I'm leaning in that general direction and will probably adopt something like that going forward.

For purposes of this journal I'm trading a very small account that can't handle...

Forum: Trading Journals

March 16th, 2011, 07:12 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

A great day for trading today, but unfortunately...

A great day for trading today, but unfortunately I wasn't able to capitalize on it. Hit my max loss after finding myself on the wrong side of the mid-morning selloff and stopped trading.

I took...

Forum: Trading Journals

March 15th, 2011, 04:10 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Today was a case of being in the right place at...

Today was a case of being in the right place at the right time. I happened to wake up in the middle of the night and glance at the charts when the retest of the deep lows from earlier in the session...

Forum: Trading Journals

March 14th, 2011, 04:22 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Played "small ball" today, taking only a few...

Played "small ball" today, taking only a few trades and keeping stops tight. Finished with a tiny profit. Even a tiny profit is a profit however so I'm not complaining.

One thing I've noticed...

Forum: Trading Journals

March 11th, 2011, 04:26 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Not much action today. Focused most of my...

Not much action today. Focused most of my attention on CL as YM is in contract rollover phase, which screws with the tick charts as volume is divided between the March and June contracts. Had two...

Forum: Trading Journals

March 10th, 2011, 03:56 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

I decided to make two changes today. First, I...

I decided to make two changes today. First, I looked over the charts from the past few days and realized that I've been leaving money on the table by under-trading and by bailing early on promising...

Forum: Trading Journals

March 9th, 2011, 04:50 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Very tricky day today, at least in YM. Just...

Very tricky day today, at least in YM. Just couldn't time my entries right as there were a number of moves that looked like they should have been exhausted but just kept powering on.

The price...

Forum: Trading Journals

March 8th, 2011, 04:11 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

A disappointing day today. Two losses and two...

A disappointing day today. Two losses and two breakeven trades in YM, and one winning CL trade, for net loss of 12 ticks.

Data issues kept me from trading in the morning. When I started taking...

Forum: Trading Journals

March 7th, 2011, 02:14 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Pretty quiet day. No CL trades. A few YM trades,...

Pretty quiet day. No CL trades. A few YM trades, mostly breakeven stops with one decent winning trade over the lunch hour.

The system I use to trade YM is primarily a countertrend system. Most...

Forum: Trading Journals

March 4th, 2011, 03:13 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Another good day of trading. I took two CL trades...

Another good day of trading. I took two CL trades (net loss of 5 ticks between them) and a few YM trades (net gain of 52 ticks) for a net gain of 47 ticks on the day and 168 on the week. Charts...

Forum: Trading Journals

March 3rd, 2011, 01:43 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Took three trades today, 2 winners, 1 breakeven....

Took three trades today, 2 winners, 1 breakeven. traded fairly well according to my new plan.

What I Did Right:

1. Took only setups that I have studied.

2. Managed risk well and didn't...

Forum: Trading Journals

March 3rd, 2011, 01:35 PM

Replies: 56

The Rule of 70

Views: 11,188

Posted By worldwary

Decent trading morning on YM, +34 ticks, and I...

Decent trading morning on YM, +34 ticks, and I may call it a day at this point.

The major issue that needed to be addressed coming into today was my lack of a clear trading plan, which has...

Showing results 1 to 25 of 45

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