dctrade69 Daily Context Journal - Trading Journals | futures io social day trading
futures io futures trading


dctrade69 Daily Context Journal
Updated: Views / Replies:8,651 / 77
Created: by dctrade69 Attachments:62

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

Reply
 62  
 
Thread Tools Search this Thread
 

dctrade69 Daily Context Journal

  #71 (permalink)
Elite Member
Fresno California USA
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures, currency
 
Posts: 46 since Mar 2012
Thanks: 786 given, 194 received

I am trying to get a feel for NQ and am sim trading it for now. These are trade opportunities that I saw today. I'm still too aggressive with my entries especially at the open and need to learn to wait for confirmation. I really didn't feel comfortable shorting it after 12 est thinking that it would come back up after a test of the ORH/R1 but it turned out to be a nice H&S. I completely forgot about the 3600 as a good reference level and I thank DCtrade for reminding me of it in his post.

1. Short break of the London low, break of VAL stopped with a loss after it broke up past the open

2. Long failed to get past the VAL on second test, long on close above open exited when I saw volume drying up

3. Long continuation long looking at the R2 and weekly high as possible exits exit on failure to get past R2

4. Short break of the R2 scratch out

Attached Thumbnails
dctrade69 Daily Context Journal-5-1-14.jpg  
Reply With Quote
The following 5 users say Thank You to babba for this post:
 
  #72 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,537 since Oct 2010
Thanks: 3,389 given, 2,070 received
Forum Reputation: Legendary


babba View Post
I am trying to get a feel for NQ and am sim trading it for now. These are trade opportunities that I saw today. I'm still too aggressive with my entries especially at the open and need to learn to wait for confirmation. I really didn't feel comfortable shorting it after 12 est thinking that it would come back up after a test of the ORH/R1 but it turned out to be a nice H&S. I completely forgot about the 3600 as a good reference level and I thank DCtrade for reminding me of it in his post.

1. Short break of the London low, break of VAL stopped with a loss after it broke up past the open

2. Long failed to get past the VAL on second test, long on close above open exited when I saw volume drying up

3. Long continuation long looking at the R2 and weekly high as possible exits exit on failure to get past R2

4. Short break of the R2 scratch out

Hey Babba, nice chart,not cluttered up with too many things!You mentioned the or for the nq.I know for the cl,alot of tradrers that followed mfs thread were using 8:30 to 9:15.I have the ib range up for the cl/nq and ym,which is the opening 1/2 hour of the rth session.What or are you using for the nq?

Reply With Quote
The following 2 users say Thank You to bobarian for this post:
 
  #73 (permalink)
Elite Member
Fresno California USA
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures, currency
 
Posts: 46 since Mar 2012
Thanks: 786 given, 194 received


bobarian,

For now, I'm using the first 20 min of the RTH for the NQ OR. My Cl OR is the same as MF's but NQ is still a work in progress for me and the OR for it may still be subject to change. The IB is also an OR that I might look at for myself.

Reply With Quote
The following 2 users say Thank You to babba for this post:
 
  #74 (permalink)
Elite Member
Springfield, MO
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: Mirus/Continuum
Favorite Futures: CL
 
dctrade69's Avatar
 
Posts: 163 since Mar 2011
Thanks: 731 given, 1,392 received

Monday CL Review

Overnight CL had worked well outside of previous day value. Price moved up nicely but during the Euro session price stalled out on the upside and started working back down to value prior to the RTH session. On the RTH open, price shot lower into previous day value and then worked lower throughout the session, recovering a bit near the close.

My trading plan did not offer a lot of trades today, first opportunity would have been to try and short off of the open but I never could find a place where I liked the risk so I took no action.

I marked an area prior to the news where I thought of a short entry but had to hold off until the news report came out.

Trade 1 short opportunity was after the news as price worked back up near the yPOC and overnight lows and rejected back lower. Price got back under yday value and when it retested back up and failed it offered a nice low risk short opportunity. Price retested yVAL one more time and then shot down lower to Friday low where we got a nice volume spike exit opportunity or you could have held on a bit to see if it would work on down lower.

Trade 2 long opportunity after the exhaustion volume spike around 12:45 my time. Price moved back above Friday close with momentum and volume supporting the move. Price worked higher until the RTH close which would have been a good exit area as price was hitting yVAL again.

Attached Thumbnails
dctrade69 Daily Context Journal-cl-06-14-5-min-5_5_2014.jpg  
Reply With Quote
The following 8 users say Thank You to dctrade69 for this post:
 
  #75 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Intermediate
Platform: NT/SC
Broker/Data: Multi
Favorite Futures: CL
 
Posts: 718 since Mar 2012
Thanks: 1,947 given, 786 received

Hi
I have been following this journal and also the old mfb journal for a while. I have been trading exclusively CL for about 18 months and was trying to get a workspace setup for NQ. It doesn't seem like the default NT session templates really fit most markets. I was trying to make my own but I ended up a little confused after looking at the CME's site so thought I would ask the group.

Here's what I have so far:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I was wondering if someone could post a capture of their NQ with RTH/EH/O-N template. Maybe Sunday through Wednesday so I can see the pattern? Thank you.

Chris


Last edited by calitrader; May 6th, 2014 at 05:31 AM. Reason: updated link
Reply With Quote
The following user says Thank You to calitrader for this post:
 
  #76 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Intermediate
Platform: NT/SC
Broker/Data: Multi
Favorite Futures: CL
 
Posts: 718 since Mar 2012
Thanks: 1,947 given, 786 received


calitrader View Post
Hi
I have been following this journal and also the old mfb journal for a while. I have been trading exclusively CL for about 18 months and was trying to get a workspace setup for NQ. It doesn't seem like the default NT session templates really fit most markets. I was trying to make my own but I ended up a little confused after looking at the CME's site so thought I would ask the group.

Here's what I have so far:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I was wondering if someone could post a capture of their NQ with RTH/EH/O-N template. Maybe Sunday through Wednesday so I can see the pattern? Thank you.

Chris

Sorry for the spam on the thread. I did a little searching and found a thread Fat Tails started that answered the question for all markets. Rather than delete my post I thought put the link up.

https://futures.io/elite-circle/6055-correct-sessions-your-charts.html
Chris

Reply With Quote
The following 2 users say Thank You to calitrader for this post:
 
  #77 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

triple dose

Triple Dose of CL. Neither bullish or bearish but playing video game.

Tuesday special. For an instruement which mostly has ADR of 150 ticks, traders waste more time coming up with various scenarios than one care to count. Every time i think of SWING trading CL, i get reminded of double, triple

round trips of CL and i stick to day trading.

Attached Thumbnails
dctrade69 Daily Context Journal-2014-05-06_1645_api.png  
Reply With Quote
The following 9 users say Thank You to mfbreakout for this post:
 
  #78 (permalink)
Elite Member
Springfield, MO
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: Mirus/Continuum
Favorite Futures: CL
 
dctrade69's Avatar
 
Posts: 163 since Mar 2011
Thanks: 731 given, 1,392 received

Tuesday CL Review

CL spent the majority of the overnight session in y'day value. Overnight one attempt was made above value but it rejected and pushed back lower. Prior to the RTH open price moved back above yPOC and found some support at yPOC on the open. Price made a new high before pulling back one more time to the yPOC where it rotated higher again to a new high. Price moved up nicely until it failed out at y'day high and then sold off one more time back down to POC at the RTH close. Big rotational day with lots of range to trade within.

My trading ideas

Trade 1 idea long just after the open on yPOC support. Price moved up nicely until stalling out at the WORH/overnight high area with volume spike for exit cue

Trade 2 idea short when price worked lower back into y'day value area. Price moved down nicely from there but again stalled out at yPOC/OP giving a small win or a scratch on this trade idea at best.

Trade 3 idea long as price again moved out of y'day value. Price moved on up to make new highs reaching a point of exhaustion volume near y'day high

Trade 4 idea short after way too much standing around and OTF's started feeling bearish. 15m chart gave a nice LH/LL setup short and price traded lower until the RTH close.

Attached Thumbnails
dctrade69 Daily Context Journal-cl-06-14-5-min-5_6_2014.jpg  
Reply With Quote
The following 10 users say Thank You to dctrade69 for this post:

Reply



futures io > > > dctrade69 Daily Context 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
FESX Daily Journal estx50 Elite Trading Journals 2 March 1st, 2012 12:50 PM
Ryan's Daily Journal Ryanb Trading Journals 14 October 21st, 2010 09:14 AM
psilvacb daily trading journal psilvacb Trading Journals 11 September 15th, 2010 06:52 AM
Pedro daily trading journal pedroxp Trading Journals 2 December 27th, 2009 08:00 PM
Sharing Daily Trading Journal Setup jonesr9 Trading Journals 5 August 21st, 2009 06:45 PM


All times are GMT -4. The time now is 02:54 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 2017-12-16 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.209.109