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Upwind Trading Journal
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Upwind Trading Journal

  #61 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Ok today. Better. I quit after 15 minutes. One reason is I didn't want to "jinx" it. Could be an example of how scalping when done well enough, can be a time saver for a part-time trader out of necessity, or a trader who prefers to day trade part-time. Decent enough ticks for a living at a decent win rate. I was reading the momentum better or was just lucky for period but at least it "felt" better. And I had my stop closer, but luckily didn't get stopped this round.

CL
+2+4+3+3-3+6+1+5+5 = +26

(fees+commissions ~ - 15% )

Options trades.
BAC - a little bit in the money, but BAC didn't drop much so far, we'll see
RUT - within bounds, far above 770 now, but looks like will need time to mature.
GLD - very close to the middle. p/l curve finally edging a little above zero line, but not a good vega conscious trade. I wanted to wait only a week; may have to wait 2 weeks or more. Will stay alert on how to get out of itif it turns bad.

Attached Thumbnails
Upwind Trading Journal-cl021612.jpg   Upwind Trading Journal-stat021612.jpg  

Last edited by Cloudy; February 17th, 2012 at 02:59 AM.
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  #62 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Seemed like fuzzy two sided trading this morning with a lot of spikes. Did as I could. Accidently did a trade on the 6E. I was just looking at it, then decided it wasn't any better than the YM. Maybe should have done CL instead, even though it was two sided, the bars had some some scalping length to them.

Bad trade at the end of YM. I wanted to get out when I "felt" it was weakening for a tick or two. Instead I stupidly double-scaled in again, and was just lucky. I had then hoped for a breakout-failure pullback and got enough to get out, but it felt more lucky. Could have wiped all my gains and a lot more. I should just stop out without scaling in. Still need psychological work as usual..

YM
+1+1+3-1+3+2+4+5+3
-5-1+5+5
= +25 (fees & commissions ~ -22%)

6E
+0 +5 = +5 (fees & commissions ~ -26%)

total +30 ticks.

Options trades:
BAC - back into negative, as usual again for following a "tip" (-150)
RUT - sold for +1800
GLD - bad vega, ok position at instrument price. (currently -1000)

I can understand why Big Mike likes to skip some Fridays. Market was very two-sided and "quiet" this morning.


Update: More notes about RUT. I had sold it because it had reached close to max profit reachable on the right.
Attached daily charts of RUT and GLD. Price moved sideways as I had hoped since placing the trade last Friday.
GLD still between calendar bounds, but could break down or bounce up in the coming week or two. The main problem is bad vega
for the trade currently. Waiting to see if need to adjust; hopefully not necessary.

Attached Thumbnails
Upwind Trading Journal-ym021712.jpg   Upwind Trading Journal-6e021712.jpg   Upwind Trading Journal-stat021712.jpg   Upwind Trading Journal-bac021712.jpg   Upwind Trading Journal-gld021712.jpg   Upwind Trading Journal-rut021712.jpg   Upwind Trading Journal-rut_daily021712.jpg  

Last edited by Cloudy; February 17th, 2012 at 05:50 PM.
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  #63 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received


What method are you following: YTC, Al Brooks, Perryg, CJBooth ? a mix of all of them ? Must admit you are beginning to look more like a HFT bot

http://www.xtranormal.com/watch/7750825/what-do-hft-bots-fight-about

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The following 2 users say Thank You to trendisyourfriend for this post:
 
  #64 (permalink)
Membership Revoked
DetroitMIUSA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 193 since Feb 2012
Thanks: 26 given, 58 received

Power Broker here

Just stopped by to say hi. Just finally joined tonight. C u around here Trend.

PB

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  #65 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Hey Tiyf, hehe, yep, my auto-sprays strafing the HFT computers. When I followed along with CJBooth last year, I got tired of waiting in between setups so I would learn to take scalps based on kwik-pop and emini-watch and for some Al Brooks reversal signal bars & patterns. I'll just say my charts right now are 250tick , 750tick, and 2 renko for the scalping. And yes, I've got like five different vendor indicators and systems on the charts along with a macd histogram and awesome oscillator. It's a shameful mess and I must confess I somehow became a vendor indicator junkie and sometimes a critical vendor reviewer on the boards. I haven't really tried Perry's yet. I'm waiting for the new webinar to learn more. And thanks to other reviewers and boards that kept me away from a lot of other junk indicators and systems.

CL
+1+1-5-11-1-7+10+10-1-4-1+5+3-1+5 (couple of losers), (a bad scale-in)
-7-9 (loser)
+3+3-1+3+3+3+3+3+3+3+2 (fine)
-4-5+0+0+4+4+4+4 (bad double scale-in)
+3+5+3+3+4+4+2+2+0+0+3+3 (fine)
= +55

(fees & commissions ~ -49%)

Overall, can't say I'm happy with how I traded today. I'm still making the same psychological mistakes. I probably need to seriously work on my stoploss trading plan. I know I'm guilty of straying from Brooks bpa. Sometimes I'm fed up watching his webinar when he changes his mind yet again. So today after hours , after the fact, I tried to mark up some bpa stuff I think I recognized.

options trades:
GLD - got worse. adjusted and holding on again. same bad type of trade again.
BAC - worse. Who knows if Bank of America is going to drop to 6 by May.

Attached Thumbnails
Upwind Trading Journal-cl_022112.jpg   Upwind Trading Journal-stat022112.jpg   Upwind Trading Journal-cj_ichi_cloud.jpg  

Last edited by Cloudy; February 21st, 2012 at 10:13 PM.
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  #66 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Another rocky day. At least I honored my stops a little better, for some of the losers. Having a big loss is a drain on time, energy and emotional capital. As it took me that much more work and anxiety to make up the losses, which in turn decreases performance worse imo than if not having made those mistake losses in the first place.

I accidentally started out on the YM. I'm moving back to the ES and will try to go for longer runs, at least a point or two to practice not scalping and holding on to runners. My first ES trades were a disaster. Stopped out on both attempts. Was too late on entry even for a scalp. First trade on CL was a big loser. Stoploss probably too far out below the previous low. A psychological hit because I moved the SL lower then got stopped out anyway and got me deep in the red, then I had to continue on somehow with faith that I could find a series of better trades during the rest of the session.

YM
+5.5 +1 = +6.5
ES
-8 -5 = -13 ( - 3.25 pts)
CL
-15 -20 (big loser)
+5+10+17-3+6-1+4 (held farther than a scalp on a trade)
-17 (another big loser, bad stop "management")
+3+5+7-3.5+0+7+7+4 (fine)
-9 (single loser, stopped out "ok", recognized I made a bad trade/mistake)
+3+9+6+5 (fine)
-8 (single loser, stopped out "ok")
+10+10 (fine)
-5+2+6 (double scaled in)
+4+4 (fine)

= +46
(ES&YM total commission&fees ~ -14%, CL tot commission&fees ~ -19%)

Options trades:
GLD - very bad, at -2k loss now.

Attached Thumbnails
Upwind Trading Journal-ym022212.jpg   Upwind Trading Journal-es022212.jpg   Upwind Trading Journal-cl022212.jpg   Upwind Trading Journal-stat022212.jpg  

Last edited by Cloudy; February 22nd, 2012 at 07:46 PM.
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  #67 (permalink)
Membership Revoked
DetroitMIUSA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 193 since Feb 2012
Thanks: 26 given, 58 received


Quoting 
I accidentally

Cloudy there is no such thing in trading!!

What method do you trade for ES Cloudy? -13?

My advice is to get some mentoring here @futures.io (formerly BMT). Ask around.

You aren't trading IRM are you?

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  #68 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

What happened Powerbroker, was that I had traded YM a lot the last couple of weeks. I just recently switched to ES. Ninja still had YM so it was one detail I missed, so it was an accident. Zenfire was down for 40 minutes a month ago. Feeds and brokers have accidents. MFGlobal had a big "global" accident.

As for my ES trades, just some bad trades. That's what a journal is about. Recognize them and move on. By your logic every futures.io (formerly BMT) member should be getting a mentor asap.


Last edited by Cloudy; February 22nd, 2012 at 11:21 PM.
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  #69 (permalink)
Membership Revoked
DetroitMIUSA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 193 since Feb 2012
Thanks: 26 given, 58 received


Quoting 
Feeds and brokers have accidents.

I know and that scares the crap outa me..LOL

Cloudy I did not mean to insult with the mentoring comment. Please forgive me. I don't roll like that.

I just know that for me without the mentor's I have had in the last year I would NOT be where I am as a trader right now. Am I CP? getting there! Have I lost money in there live? FREAKIN A!!!! Did that feel good? I'd rather eat broken glass and wash it down with gasoline. It is what it is. cost of doing business. I knew what I was doing. ERRRR strike that!!! LMAO

Transparency is how I roll.. I am down 4k real money right now. THAT SUCKS!!!

Stop by my journal if you want my charts will be there.. good bad or ugly!!

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  #70 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received


Ok, Powerbroker, np, thanks. I've lost $k's doing options and covered calls previously before starting daytrading futures a year ago. I've gained and lost $ with futures as well. I had good success with CJBooth's method last year on the 6E. But now the method isn't doing so well and the setups are hard to find and wait for. I noticed you mentioned price action in your journal. Al Brook's original book helped me out a lot. Turned my trading around from just a coin toss. My journal now is a mix of sim and live. I mentioned I would be doing that a month or so back.


Last edited by Cloudy; February 23rd, 2012 at 12:08 AM.
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