Catching Big Waves - a trader's journal of surfing the the markets - Trading Journals | futures io social day trading
futures io futures trading


Catching Big Waves - a trader's journal of surfing the the markets
Updated: Views / Replies:278,556 / 4,686
Created: by GaryD Attachments:1,123

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Closed Thread
 1,123  
 
Thread Tools Search this Thread
 

Catching Big Waves - a trader's journal of surfing the the markets

  #1391 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

 
  #1392 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

If there were a market that had the odds of a lottery ticket, it might be natural gas. I have watched this as a curiosity for a couple years now. It does not seem to have a bottom, (and it is way too thin for me), but just as a fantasy trade I am watching this recent spike and dreaming of the holy reversal.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by GaryD; February 15th, 2012 at 10:59 PM.
 
  #1393 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


For some reason I keep coming back to this.

The following user says Thank You to GaryD for this post:
 
  #1394 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Resistance did hold through the overnight price movement and has pushed crude back roughly 150 ticks. I did not take a short trade overnught as I had mentioned as there is too much uncertainty regarding a possible supply disruption, and therefore do not want to be short in this market when I am not able to watch it.

Now that crude has made a sizable pullback, off resistance, this morning's action could go either way. There are several targets above the market, but the minor upward trendline is currently down around 99.50. The prior minor double top is a good candidate for possible support.

The employment report is at 8:30am EST and may provide a clue.

 
  #1395 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

There is an interesting pause at resistance after this morning's burst higher.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The market reached the 618 retracement of the move down.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



And heavy volume was there to meet it.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

 
  #1396 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

I caught $112.50 out of QM (however many ticks that is) after the initial volume burst this morning and a retrace to around 101.50, but after yesterday's move down in nearly all correlated markets, and the following retrace, was anticipating some long position liquidation and am still not anxious to make a trade right now.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

 
  #1397 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Waiting patiently for a short. It may be silly, but I also need a day or two to digest. I am 2 for 2, one in QM, one in CL.

 
  #1398 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


There is the 6 range reversal, finally. At this time of day I am probably out.

**EDIT: I must be entirely worn out from last week. I completely forgot about a losing trade I took early this morning, and I guess since I drag and drop my target most of the time did not think about it. I was in the shower when it occured to me I had a loss and came back to run a performance report. And, since I went back to my trade records, I also realized my CL scalp was 11 ticks, not 10. It's no wonder I don't feel like I am quite ready to commit to a trade. I need to think about that some.

Restating results;

Long QM -37.50 (-7.5 ticks CL)
Long QM +150 .00 (+30 ticks CL)
Long CL +110.00

Net $222.50 less commissions. (33.5 normal ticks)**

I almost went for the long swing today, and should have in hindsight from a financial perspective, but never anticapated a full retrace on ES, and apparently neither did a lot of hurting shorts. (**Plus, not feeling "all there" today**)


Last edited by GaryD; February 16th, 2012 at 04:53 PM. Reason: mistated results from memory.
 
  #1399 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

I used to get really frustrated with myself for not joining in on a big run, like today's run up. Today I doubted it and just wanted to see what happened, and while I maintained a downward bias, was happy with myself for never trying to step in front of the momentum. If I am wrong, crude should burst through the stops that are alomst certainly building up above this resistance zone, and if I am right, I am prepared for the move. But, it may be tomorrow, or Monday, or I may just be wrong this time. But, I'd be wrong and out, which is just as good as right and in.

 
  #1400 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


End of day. Resistance still holding.



Feb. 16, 2012, 1:40 p.m. EST
SAN FRANCISCO (MarketWatch) — Crude-oil futures hovered at a six-week high Thursday, supported by positive U.S. macroeconomic data and rising U.S. stocks. Oil started off lower as some of the geopolitical fears left the market following media reports that Iran has responded to European Union attempts to resume talks on the country’s nuclear program.

Positive data on the key twin concerns of the U.S. recovery -- jobs and housing -- sent oil higher. Natural-gas futures rallied, meanwhile, on the back of a larger-than-expected weekly government demand report. Crude oil futures for March delivery (NMN:CLH2) rose 43 cents, or 0.4%, to $102.25 a barrel on the New York Mercantile Exchange.

“The trend is up, and (the market) hasn’t found a top yet,” said Tom Bentz, a managing director with BNP Paribas in New York.

The gains followed lingering worries of supply disruption, still present despite the latest news, he added.

March natural gas (NMN:NGH12) rose 13 cents, or 5.25%, to $2.55 per million British thermal units.

Crude futures settled at a five-week high on Wednesday mostly on reports that Iran had halted oil supplies to the EU in retaliation to sanctions over its nuclear program. Tehran denied cutting off supplies, but investors kept worrying about potential supply disruptions as the sparring between Iran, the third largest oil exporter after Saudi Arabia and Russia, and Western powers gave no signs of abating. Iran has since replied to a letter sent in October by EU policy chief Catherine Ashton offering to re-open talks on the Islamic Republic’s nuclear program, the Wall Street Journal reported Thursday. The response comes a day after President Mahmoud Ahmadinejad was seen on Iranian state television attending an elaborate ceremony held to unveil developments in Iran’s domestic nuclear program.


Last edited by GaryD; February 16th, 2012 at 03:49 PM. Reason: wanted to have historical record of daily news

Closed Thread



futures io > > > Catching Big Waves - a trader's journal of surfing the the markets

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Surfing and Trading shodson Psychology and Money Management 14 September 28th, 2015 01:26 PM
Little League to the Big Leagues - Journal of a simple trader rtrade Elite Trading Journals 142 July 23rd, 2011 05:22 PM
Trader 11 Journal greggdd Trading Journals 15 March 18th, 2011 12:53 AM
New Beginnings: The Journal of a Trader's Journey to Equanimity plethora Trading Journals 122 March 5th, 2011 11:13 PM
Rookie Future Trader Alex's Trading Journal alex123 Elite Trading Journals 69 June 20th, 2010 04:14 AM


All times are GMT -4. The time now is 10:49 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-11 in 0.15 seconds with 20 queries on phoenix via your IP 54.145.16.43