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 xelaar with 21 posts (21 thanks)
    3. looks_3 Big Mike with 21 posts (24 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 71,096 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)
  #401 (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: 5,404 given, 4,499 received

3rd trade of the day

Entry type: Sell stop below the low of the day and double bottom

I tried to go for a longer trade and picked the wrong time to do it. The run up was 19 ticks which would have hit my normal 15 tick target. I had a target of 30 ticks. Priced reversed and started back up. I was lucky to get out with a small win. Taking a break to calm down and think this over. +2 ticks

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:

Can you help answer these questions
from other members on futures io?
Macros for flatten and reverse
TradeStation
Range bar differences in Tradestation vs. TOS
TradeStation
Degiro Negative Balance Advice
Traders Hideout
FX Futures have been nagging me for a while
Currencies
SC parameter optimization
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Lost & losing hope
25 thanks
Finally Turning the Corner, tha "its 80% Psychology" thing...
22 thanks
Emini 4 Tick Scalp still valid?
18 thanks
Coronavirus COVID-19
13 thanks
Is back testing a waste of time?
13 thanks
 
(login for full post details)
  #402 (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: 5,404 given, 4,499 received


Silver Dragon View Post
3rd trade of the day

Entry type: Sell stop below the low of the day and double bottom

I tried to go for a longer trade and picked the wrong time to do it. The run up was 19 ticks which would have hit my normal 15 tick target. I had a target of 30 ticks. Priced reversed and started back up. I was lucky to get out with a small win. Taking a break to calm down and think this over. +2 ticks

Robert



3rd trade Post trade analysis.

Price hit support on the hourly chart which is why it reversed. When going for larger targets I need to take a look at the longer term charts to make sure there is nothing standing in the way of the target.

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)
  #403 (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: 5,404 given, 4,499 received


Went to lunch with my biggest supporter and best friend; my wife. Talked through what happened this morning with my trading. Two things came out of it:
  • I deviated from my plan without having a equally good plan to take its place. (style drift) To expand on this. I have a plan for my targets which is 15 to 20 ticks. I know what to look for and how to react in certain situations. I know how to move my stops. What I dont have is the same experience for longer term trades. In this case I totally missed the support level on the hourly chart. Chalking this up as a learning experience.
    .
  • I was thinking about money. This is the near the top of the of list of things you never do while trading. I am nearing a psychological barrier of +$1000 in my combine. I was thinking last night about great it would be to have a big today and get over this level. This morning I was thinking I have to make two trades to get past this level; I was doing the math in my head. I think this is why I was nervous on the second trade. The irony of this is if I had just traded my plan I would have breached that level today.



Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 3 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #404 (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: 5,404 given, 4,499 received

4th trade of the day.

Was trying to setup a potential trade and I clicked on the wrong button and entered a live trade. Managed to get out @ BE. Going to call it day before I do any more damage.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
 
(login for full post details)
  #405 (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: 5,404 given, 4,499 received

Final Stats for the day.

The previous two posts pretty much sum up today. I am taking it as a good day because it was a positive day however I need to regroup and get back to what got me to this point tomorrow. Ended the day +12

Robert


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 3 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #406 (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: 5,404 given, 4,499 received

Combine update- Day 7


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 4 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #407 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


Silver Dragon View Post
Combine update- Day 7


Very nice, you are well on your way to the target.

Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #408 (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: 5,404 given, 4,499 received

Morning charts for 5-1-13

Charts speak for themselves this morning: Weekly is below last weeks high-Hourly and 15 minute are in a downward channels. Bias is down. ADP report was bad but the market did not react. Will see what happens on the open.





nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
 
(login for full post details)
  #409 (permalink)
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,231 since Sep 2011
Thanks: 1,218 given, 1,700 received

Hi Robert,

Just be careful today since Crude Oil Inventory numbers are coming out in 2 hours...

The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #410 (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: 5,404 given, 4,499 received


1st trade of the day

Entry Type: Sell Stop below low of the day - Open

Solid entry- Took 2 ticks of heat. This was a good trade to get back on track today. Plan the trade and trade the plan.

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 3 users say 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
     



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