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:278,810 / 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

  #1491 (permalink)
Elite Member
denver, colorado
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: ZS
 
Surly's Avatar
 
Posts: 704 since Mar 2011
Thanks: 628 given, 1,242 received

Daily as well


GaryD View Post
NT closed, main computer shut down.


I did subscribe to the newsletter I believe Surly mentioned. I hope it is ok to post here. The news is significant in the movement if crude right now, and so I feel it is appropriate to document pieces of it here and there.

Current newsletter attached.

Tom does a daily letter as well - here's the link in case you're interested (this is a free newsletter):

Subscribe: Subscribe

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
Attached Thumbnails
Catching Big Waves - a trader's journal of surfing the the markets-pon022812.pdf  
The following user says Thank You to Surly for this post:
 
  #1492 (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

This is the worst part of trading to me. I am wanting to buy so bad, but it is 13 minute before the pit close and that can be like a washing machine...

I did at least scalp at the bottom, 106.40 ish, t get my silly 5 ticks back, plus $12.50 for commissions, and the rest I will blow on myself.

But, this is a buy for me if it holds tomorrow. I said previously there was really no significant support until this area, but we are there. If only the "24 hour market" was the same for all the 24 hours.

 
  #1493 (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).


I really like this reaction at 106.50. I am debating going long regardless.

The following user says Thank You to GaryD for this post:
 
  #1494 (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

4:53pm - I resisted the desire to go long at 106.50. The timing was not right. I am at my best during normal volume condiitons, and at my worst during the time between 2:30pm and 6:00pm. The overnight session is somewhere in between.

As I type this price has returned again to below 106.50, and is currently offered at 106.54. Price does not matter now. I will wait for a better confirmation, but I am buy ready, as long as the base holds.

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

 
  #1495 (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).


Last edited by GaryD; February 28th, 2012 at 07:21 PM.
 
  #1496 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
Favorite Futures: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received

I thought I had done well taking 30ticks on my first trade and closing shop, only to see this beautiful pattern eventually develop. It has sliced though the typical wave target and there is no sign of a positive momentum divergence yet......I want to see a HH before I take the next trade on the long side.

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

The following 2 users say Thank You to Deucalion for this post:
 
  #1497 (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).



No buy as of yet on the 6 range, and the 9 range is currently below the trigger MA as well. On the daily chart the major support is still further beow by about $2, and as I go through my thoughts on this zone, I referred to it as "so-so". Therefore, at a minimum I need a firm reversal. Next preference would be volume confirmation, but until 8am that is going to be tough.

If this were the daily major support zone I would be more likely to go in overnight. I did like to intense volume at 106.50, and am somewhat discounting that when crude re-opened it burst down to 106.20 briefly. Such is night open movement.

I don't leave Orlando for the rest of the week and am kind of enjoying not having to take a trade, but being able to stalk one.

Tomorrow is the EIA, and that should provide at least two solid moves. The first I am expecting to be before the report, then condolidation leading into the time window, then the second move after. I may take this zone more than once if it looks like it is holding.

One of the decisions I made for my trade areas was to focus on potential major turning points. Whether they actually turn for any real significant swing does not matter so much to me when I am going for a day trade. What matters is the perception of a potential move that generates enough reaction to push the market.

50-100 ticks is all I need to stay in my little groove, and that happpens every day. When I could watch 5 days a week, I could count on catching that roughly 3 days a week. The frequency of that trade condition allowed me to have more faith in the next opportunity. In contrast, if I were going for $5 moves, the time to setup and the time to wait for the next opportunity takes longer, and I have found weighs on my confidence. I have also seen recently that my inability to guarantee my trade days in advance has had a significant negative effect on my confidence.

To trade at my best, I need to be able to trade when the conditions present themselves, not just when I have a few hours here and there. I have also seen that even if I have 3 days in a row, that is still not enough to feel completely in sync with what is going on, which also lowers my confidence a notch or two. IN the past, a down week was no bg deal, I knew without a doubt that the next week was loaded with opportunities. Sitting here now, I know next week I have no time to trade. And I feel that inside somewhere.

Crude has come 40 cents off the low set at the 6pm open.

 
  #1498 (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


Deucalion View Post
I thought I had done well taking 30ticks on my first trade and closing shop, only to see this beautiful pattern eventually develop. It has sliced though the typical wave target and there is no sign of a positive momentum divergence yet......I want to see a HH before I take the next trade on the long side.


That is basically what the 6-range reversal requires, but without thinking of it that way. For the reversal to be perfect, price must break out significantly above the t3s and then return to a channel. Many times that means it also set a higher high, but not always. There is currently a t3 crossover on the 6, which shows that there was a HH earlier. Had the move down to this area occured at noon instead of 2:30pm, it would have most likely already told us something to decide on.

Right now the upside breakout on the 6-range is 106.90

 
  #1499 (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


Deucalion View Post
I thought I had done well taking 30ticks on my first trade and closing shop, only to see this beautiful pattern eventually develop. It has sliced though the typical wave target and there is no sign of a positive momentum divergence yet......I want to see a HH before I take the next trade on the long side.


Here is something I just noticed.







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




Forgetting all the other fibs, taking the 78.6 of the prior wave up, the 100% APP of the wave A, and the 162 of wave B, the "zone" is 106.12 - 106.41.

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

 
  #1500 (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 a clean version


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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 11:20 AM.

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 2017-12-13 in 0.15 seconds with 20 queries on phoenix via your IP 54.227.51.103