A CL Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


A CL Trading Journal
Updated: Views / Replies:21,992 / 215
Created: by Upupandaway Attachments:157

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
 157  
 
Thread Tools Search this Thread
 

A CL Trading Journal

  #101 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Velocity level 1 is $4.42

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #102 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Yaup thanks for that. I've never heard of them. I'm going to email amp and tell them that, because they "say" they will match or beat any price.

 
  #103 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received


Tuesday, June 12 2012 Plus 550 dollars

Well I won all my trades today. So that's good. More so I did what I'd hoped I'd do once going "live". And that is pay way more attention to what I was doing, and not make silly mistakes, and read the market "well". I placed a yellow circle on the chart I'm talking about below. It really sold off pretty good in here. Their was a gap below, and you would think if it was going to hold it wouldn't sell off like that. Of course anything is possible, but once it got all over the MA's and starting closing below them, I thought short was right.

So three "pull backs"
and two "BTMAT"

So for today I'm done. I'm done for the "week" if I want to. I'll judge that based on where it opens tomorrow.

Oh one more thing. The last trade their, I picked it pretty good. What happened was this. I was already up good, and very content. The first hour of trading wasn't over yet so the IB wasn't in yet. I was willing to wait to see what would happen. If it made the gap without me, then it just did. I didn't think it would continue down today, so I thought if I missed that, I might get a long later on. But it happened that it went right when the IB was in. Anyways....helped to wait to the IB was in

Attached Thumbnails
A CL Trading Journal-cl-07-12-150-tick-6_12_2012.jpg   A CL Trading Journal-money.jpg  

Last edited by Upupandaway; June 12th, 2012 at 12:01 PM. Reason: spelling errors
The following 3 users say Thank You to Upupandaway for this post:
 
  #104 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Wednesday, June 13 plus 163.28

I'm very tired, this was a little war here today. I did good though, I had the same results as when i paper trade. It was unfourtunate that I didn't get alot of that big move up. At that point I had 3 contracts long, I was down -440 dollars. It was like 9:05 and the oil inventory would be coming out at 9:30. I've seen it act goofy before about that time and took what I had. Which was almost back to break even. I didn't go long any of that big move up, because it all happened to close to the Oil inventory. Was just to damn risky to do.

So thats all for this week. My account will read tomorrow 7810.4. I'm not sure exactly why, but for some reason the account balance is off until after they send out the nightly reports. It was yesterday, and corrected itself (like my broker said it would). So whatever, long as it corrects itself. I worked it up with commisions and all and it should read tomorrow 7810.4

I will type more later, this was draining a bit today, no alot.

Attached Thumbnails
A CL Trading Journal-1.jpg   A CL Trading Journal-2.jpg   A CL Trading Journal-money.jpg   A CL Trading Journal-money1.jpg  
The following 2 users say Thank You to Upupandaway for this post:
 
  #105 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Well since going live looks like everyones' gone away lol. Oh well.

Ok I worked up what I did today Wednesday June 13 2012.

(See first picture and second picture)

So for the first picture you can see my mistakes. That second trade should not of happened. The third trade was to soon, I've drawn a little yellow line to where it should of been, as well as the third and fourth. I'd of still been knocked out of that third trade their. However had I entered correctly on the fourth trade the fifth would of never happened. So that's two trades that wouldn't of been, one of which cost 150 dollars. Now all of this is happening because of picture 2.

I'm trying to trade back to the white moving average on the 5 minute chart. I thought it would go further than the moving average. Because their was support below, and if it was going to be going down and through it...well...it should be doing it. But it wasn't. So that's that.

Attached Thumbnails
A CL Trading Journal-1-1-new.jpg   A CL Trading Journal-5minute.jpg  
The following 3 users say Thank You to Upupandaway for this post:
 
  #106 (permalink)
Trading Apprentice
Nashville, TN
 
Futures Experience: Master
Platform: Ensign 10
Favorite Futures: TF, 6E, CL
 
iTrade2golf's Avatar
 
Posts: 38 since Jun 2011
Thanks: 5 given, 79 received


Upupandaway View Post
Well since going live looks like everyones' gone away lol. Oh well.

Ok I worked up what I did today Wednesday June 13 2012.

(See first picture and second picture)

So for the first picture you can see my mistakes. That second trade should not of happened. The third trade was to soon, I've drawn a little yellow line to where it should of been, as well as the third and fourth. I'd of still been knocked out of that third trade their. However had I entered correctly on the fourth trade the fifth would of never happened. So that's two trades that wouldn't of been, one of which cost 150 dollars. Now all of this is happening because of picture 2.

I'm trying to trade back to the white moving average on the 5 minute chart. I thought it would go further than the moving average. Because their was support below, and if it was going to be going down and through it...well...it should be doing it. But it wasn't. So that's that.

Can you identify EXACTLY why the trades should not have happened. Being very specific will help you to mentally focus and remove some of the ambiguities over time.

I still see some trades in your day that are not in your system you described and are definitely counter trend trades. CL gaped down on the open and it looks as if you went long as you thought it was trying to fill the gap. Are you working to be a trend trader or a counter trend trader or both. I would DEFINITELY tell you to pick one and perfect it first before trying the other.

The following 2 users say Thank You to iTrade2golf for this post:
 
  #107 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

ITrade2Golf

Right I figured if anyone would point this out you would. I need to better describe what I have in my head. I have new rules typed up, but I've not posted them here. Not new trades, even not new rules. I've not changed my trades. I have gone back in and explained my ruless better I think. And yes I know exactly what I did wrong, and exactly what I should of done. I was too early on the entries, which casued an unnecesary loss.

Since it's late now I wont go in depth about why I did what I did, and how it is in my plan. But I will tomorrow. Thanks for the question. I didn't really bother with explaining it to much, I dont think many are following this. But it's not for them, it's for me...so yes I'll do that tomorrow...explain better. Thanks

 
  #108 (permalink)
Trading Apprentice
Nashville, TN
 
Futures Experience: Master
Platform: Ensign 10
Favorite Futures: TF, 6E, CL
 
iTrade2golf's Avatar
 
Posts: 38 since Jun 2011
Thanks: 5 given, 79 received


Upupandaway View Post
ITrade2Golf

Right I figured if anyone would point this out you would. I need to better describe what I have in my head. I have new rules typed up, but I've not posted them here. Not new trades, even not new rules. I've not changed my trades. I have gone back in and explained my ruless better I think. And yes I know exactly what I did wrong, and exactly what I should of done. I was too early on the entries, which casued an unnecesary loss.

Since it's late now I wont go in depth about why I did what I did, and how it is in my plan. But I will tomorrow. Thanks for the question. I didn't really bother with explaining it to much, I dont think many are following this. But it's not for them, it's for me...so yes I'll do that tomorrow...explain better. Thanks

I am trying to keep you on point to reach your goal of becoming a trader. You do not have to put it down in this journal but you should have your rules written down exactly along with some screenshots. So when you make a mistake you can annotate it and write that trade down to also refer to later. I don't have to understand it, but you should know it without hesitation and it should be exact.

I follow this each day that I have time, trying to pass on the help that was passed to me many years ago from my mentor.

The following 5 users say Thank You to iTrade2golf for this post:
 
  #109 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

June 15 2012 First week Live +847.24

Ok I traded today, which is tomorrow when I type this up. 2:58 in the morning, and of course I'm looking at charts lol. I thought because of the ETH which got up to 84.80 it might go go go, but was not to be. I'm proud of what I did this week, it was good. I'm also proud that I'm not jumping up and down, like a kid that just won the lottery.

I did lose today 97.40. I had five trades. You can see from the pictures what happened. I consider this very, very, very, very good. Very good....excellent. Didn't try and make it back, or anything, just stopped. I beat my goal of making 500 a week on 1 contracts, by about 347 dollars.

This week I believe would of been better, but their where always the problems with getting it up and running. I didn't get all of Monday, because I was getting it setup. So the major move I missed out on. Paper traded it and did fine. So... thats good.

Looking foward to next week.

Oh on my pictures the P stands for paper trade. All the rest are live trades. Also I have MP up, and I only have two pictures showing the same thing because I want people to know, that I do use it. So if someone is trying to find their way in all this mess, they might be helped. I really dont think you can do without it. It can be done without it of course. But I do believe it's far better. I mean they cant manipulate that. It's not ever gonna "read wrong". Its by far the best tool I have, that I must understand more about.

Attached Thumbnails
A CL Trading Journal-cl-07-12-150-tick-6_15_2012.jpg   A CL Trading Journal-cl-07-12-150-tick-6_15_2012-2.jpg   A CL Trading Journal-5min1.jpg   A CL Trading Journal-5-min2.jpg  
The following user says Thank You to Upupandaway for this post:
 
  #110 (permalink)
Trading Apprentice
Nashville, TN
 
Futures Experience: Master
Platform: Ensign 10
Favorite Futures: TF, 6E, CL
 
iTrade2golf's Avatar
 
Posts: 38 since Jun 2011
Thanks: 5 given, 79 received

Good Week


I was wondering why you would not take the first trade off the MA's, this can be the biggest move.

Attached Thumbnails
A CL Trading Journal-cl-07-12-150-tick-6_15_2012-1.jpg  
The following user says Thank You to iTrade2golf for this post:

Closed Thread



futures io > > > A CL Trading Journal

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
Zzzt's CL journal zzzt Elite Trading Journals 26 February 29th, 2012 11:16 AM
worldwary's CL journal worldwary Elite Trading Journals 137 September 26th, 2011 05:13 PM
Big Mike's CL (crude oil) journal Big Mike Trading Journals 60 May 25th, 2011 07:45 PM
Bingo's CL Journal bingo17 Elite Trading Journals 49 June 9th, 2010 04:07 PM
9 O'Clock Black Gold Rush. Traderjoel's CL Journal. traderjoel Elite Trading Journals 38 October 19th, 2009 10:51 AM


All times are GMT -4. The time now is 04:05 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 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.90.92.204