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Pilotui's YM Intra-day Journal
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Pilotui's YM Intra-day Journal

  #1 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

Pilotui's YM Intra-day Journal

This is a journal for me. I have been around trading forums before and have seen the good and the bad they bring out in people. The reason I joined futures.io (formerly BMT) was because after much lurking it seemed as though most people here are actually experienced, thoughtful and courteous traders here. (GaryD, comes to mind)

Bio:
Former US Air Force Officer (current US Air Force Organizational/Human efficiency engineer)
Coach Baseball, watch baseball...love baseball
Married and have 2 boys (who love baseball)

Anyway, I've been trading for about 5 years. Started with stocks, turned a $2k account into $28K by buying up Washington Mutual Preferred stock at @$1.45 per share and sold a good chunk on it's way up to $100 pps. After that I was hooked, I then used some of my profits to fund a forex account (back when forex was easy to do in the US w/ 500:1 leverage). I woke up 5 days a week at 0200 to trade the London open, which eventually took it's toll on me.

I had amazing success in Forex (until I became obsessed with "the perfect trade", you know the trade that you make and hold for 3+ hours raking in 100 pips in a day". I fell into the classic holy grail death sprial, so many of us have visited. At one point I had turned a $6K account into @$21K in less than 2 weeks. I started doubling my lot sizes etc...and of course lost it all.

But I had done it, been there and conquered the market (so I thought). It is that initial success that I have chasing ever since.

I took a break, read about the futures market and slowly started getting back into trading. So here I am ready to start a Journal for 2 reasons:

1. Accountability

2. Documentation of my experience (I used to take screen shots of my good trades but never the bad)

I will be posting my trades via screen shots which will show and document my DOM and Chart, so I can see what I was thinking at the time.

Why YM? Because I use 512t charts and it moves exactly like CL and at $5 per tick it just works for me. I have traded $200.00 ticks (pips) in the past and been whittled down to .10C pips as well. $5 per tick just works for me.

My daily goal is to make $250.00 per day

My daily loss limit is no more than: $100.00 per day

My entries are high-ish probability and my rules are fixed.

I will be trading only 1 lot for now (all this on a funded account with Infinity while utilizing TOS charts).

I also promise to only post trades I'm am taking real time (none of that marking up a chart and showing how much money I WOULD have made.

Feel free to make comments etc...

-Thanks

Attached Thumbnails
Pilotui's YM Intra-day Journal-pilotui-ym-setup.jpg  

Last edited by pilotui; March 22nd, 2013 at 12:33 PM. Reason: Added pic to show the setup I trade
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

Setup


Here is my basic chart setup:

I trade:, Crosses, Pull Backs and momentum slides

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Pilotui's YM Intra-day Journal-pilotui-basic-setup_512.jpg  
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  #4 (permalink)
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Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

Short 14420

- added pic

Note, would like to see 1250t chart show down as well.

We'll see

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Pilotui's YM Intra-day Journal-short-14420.jpg  
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  #5 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

Short 14420

May have jumped the gun here...SL in @ 40. Waiting on 1250t to show a collapse down. Clearly I am shorting against a pretty strong trend.

Lets see what happens

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  #6 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

If 512 rolls over followed by 1250 I will be GTG (goodtogo)

TP is looking like 95

Moved my SL to the recent high @ 34


Going to have to have a break of 14411 for anything to happen on the downside.

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  #7 (permalink)
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Futures Experience: Intermediate
Platform: NT7
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

and Stopped out.........................

A little premature on my short there. -$75 on the day.

Let's see what happens from here.

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  #8 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
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Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

So clearly, I jumped the gun. Up Up Up. I updated my first post to show the kind of setup I trade. It's a pretty neat little visual cue that noticed and have been working to ID and trade effectively.

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  #9 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
pilotui's Avatar
 
Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

short 14423

Ok, lets try this again

Short 14423...kind of think I should have gone pending order but oh well.

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Pilotui's YM Intra-day Journal-short-again.jpg  
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  #10 (permalink)
Elite Member
Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
pilotui's Avatar
 
Posts: 129 since Apr 2012
Thanks: 110 given, 97 received



pilotui View Post
Ok, lets try this again

Short 14423...kind of think I should have gone pending order but oh well.

Still hanging around...SL was missed by 2 ticks. (moved it to the HOD @ 50)

Trying to recover from my mistake earlier...lets see if I can battle back into the green.

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