Breakout Journal - a journey to full time trading - futures io
futures io futures trading



Breakout Journal - a journey to full time trading


Discussion in Trading Journals

Updated by Silver Dragon
      Top Posters
    1. looks_one Silver Dragon with 511 posts (1,170 thanks)
    2. looks_two Big Mike with 21 posts (24 thanks)
    3. looks_3 xelaar with 21 posts (21 thanks)
    4. looks_4 PandaWarrior with 13 posts (44 thanks)
      Best Posters
    1. looks_one PandaWarrior with 3.4 thanks per post
    2. looks_two Silver Dragon with 2.3 thanks per post
    3. looks_3 Big Mike with 1.1 thanks per post
    4. looks_4 xelaar with 1.0 thanks per post
    1. trending_up 70,946 views
    2. thumb_up 1,404 thanks given
    3. group 62 followers
    1. forum 660 replies
    2. attach_file 463 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

Closed Thread
 
Search this Thread
 

Breakout Journal - a journey to full time trading

(login for full post details)
  #351 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

2nd trade of the day.

Had to run out so a little late posting my second trade. My logic for entering the trade was different than in the past. At the start of the new bar a size of 400 showed up on the ask side. I took this as manipulation and went short. Once I was in the trade my connection to my trading server starting acting up. Kept freezing up. Could not adjust my stop to where I wanted it. Finally decided it would be best to take the profit just in case it reversed. Clicked the flatten button about 50 times before it went through. Ended +9 on the trade.



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal

Can you help answer these questions
from other members on futures io?
3x Fangdango
Traders Hideout
Degiro Negative Balance Advice
Traders Hideout
Macros for flatten and reverse
TradeStation
Capping Size in Tradestation
TradeStation
QDEL
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
41 thanks
Coronavirus COVID-19
20 thanks
Price Action Kewltech Style
19 thanks
Is back testing a waste of time?
13 thanks
Emini 4 Tick Scalp still valid?
12 thanks
 
(login for full post details)
  #352 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

Final stats for 4-23-13

Today was a tough day of trading. The market was in a range for most of the morning and it was very volatile. I did pretty good by staying out of the trading what I am not good at but when opportunity presented itself for a good setup I totally over analyzed it. Took my stop entry in and out 5 times. My entry happen to be the big rally prior to lunch. One of the things I am really good at is not chasing trades. The flip side of this good habit is having to watch what you missed. I was miserable watching it going up. However, what I did do is try to predict where it would stop. A channel had formed and I watched it for a entry. When I saw 400 size come in on the offer I took this as my entry signal. Then my connection to my trading server started acting up. Closed it out early because I could not manage the trade. At this point I pretty much called it a day. I am happy with a 3 tick loss.

Robert


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following user says Thank You to Silver Dragon for this post:
 
(login for full post details)
  #353 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received


Night trade.

Took a scalp tonight on the trend line break. Should have walked away from the trade and let it play out. Ended up with a 5 tick scalp but it could have been 15. I dont know why I let my emotions get the best of me.

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 2 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #354 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

Channel forming on CL.. Downward channel so looking for a break to the upside.

Robert


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following user says Thank You to Silver Dragon for this post:
 
(login for full post details)
  #355 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received


Silver Dragon View Post
Channel forming on CL.. Downward channel so looking for a break to the upside.

Robert


Price broke out of the channel to the upside. Totally missed the double bottom at the bottom of the channel.

Robert


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 2 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #356 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

Morning Charts for 4-24-13

The trend for the week is still up. Heading back toward the breakout area of 91. Hourly chart is in a upward channel. 15 minute chart is a in a upward channel. Lower channel support is around 89ish on the hourly chart. Will be watching that area with interest to see if it breaks down.

Robert





nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 2 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #357 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

1st trade of the day

Entry type: Sell stop below the channel line

I rushed into this trade before I went through my check list this morning and it cost me. I ended up using my scalping ATM to enter the trade. This had a tight trailing stop. You can guess what happened. -7 ticks on the trade. Dumb move on my part.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following user says Thank You to Silver Dragon for this post:
 
(login for full post details)
  #358 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

2nd trade of the day.

Entry type: Buy Stop above trend line

Took this trade off the open. I place a buy stop above the trend line. Almost moved my target but stuck with it. Ended the trade +15 ticks.

Looking at the chart now I could have got more out of the trade. Observation- If the trade begins toward the end of the bar, in this case the 15 minute bar where I entered at 11 after, there is higher probability price will continue in the direction of the trade on the next bar.

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
 
(login for full post details)
  #359 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received

EIA Petroleum Status Report due to be released at 09:30 CST. I am watching for a move at the top of the hour. If it does not happen then I will not trade until after the report is released.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
 
(login for full post details)
  #360 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,398 given, 4,498 received


Missed trade 1

Missed a breakout to the upside. I hesitated. Cost me at least 10 ticks. Need to put in my stop entry first and ask questions later.

Robert


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following user says Thank You to Silver Dragon for this post:

Closed Thread

futures io Trading Community Trading Journals > Breakout Journal - a journey to full time trading


February 2, 2015


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 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