dctrade69 Daily Context Journal - futures io
futures io futures trading



dctrade69 Daily Context Journal


Discussion in Trading Journals

Updated by dctrade69
      Top Posters
    1. looks_one dctrade69 with 26 posts (254 thanks)
    2. looks_two bobarian with 6 posts (17 thanks)
    3. looks_3 Robroyrogers with 6 posts (41 thanks)
    4. looks_4 LogicalTrader with 6 posts (42 thanks)
      Best Posters
    1. looks_one dctrade69 with 9.8 thanks per post
    2. looks_two LogicalTrader with 7.0 thanks per post
    3. looks_3 Robroyrogers with 6.8 thanks per post
    4. looks_4 silver99 with 6.4 thanks per post
    1. trending_up 11,110 views
    2. thumb_up 509 thanks given
    3. group 24 followers
    1. forum 77 replies
    2. attach_file 62 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)

 
Search this Thread
 

dctrade69 Daily Context Journal

(login for full post details)
  #71 (permalink)
Fresno California USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: futures, currency
 
Posts: 46 since Mar 2012
Thanks: 787 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
Click image for larger version

Name:	5-1-14.JPG
Views:	84
Size:	121.9 KB
ID:	145498  
Reply With Quote
The following 5 users say Thank You to babba for this post:

Can you help answer these questions
from other members on futures io?
Delta PVP ( POC )
MultiCharts
Market Replay and Fills (Denali data)
Sierra Chart
Order Data Export Plugin-- Is it possible?
NinjaTrader
converting useful Pine Script into Multicharts code
EasyLanguage Programming
SPY, QQQ Weekly Closing Range Probabilities
Traders Hideout
 
 
(login for full post details)
  #72 (permalink)
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,991 since Oct 2010
Thanks: 5,251 given, 3,107 received


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?

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobarian for this post:
 
(login for full post details)
  #73 (permalink)
Fresno California USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: futures, currency
 
Posts: 46 since Mar 2012
Thanks: 787 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:
 
(login for full post details)
  #74 (permalink)
Springfield, MO
 
Experience: Intermediate
Platform: NT
Broker: Mirus/Continuum
Trading: CL
 
dctrade69's Avatar
 
Posts: 163 since Mar 2011
Thanks: 731 given, 1,393 received

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
Click image for larger version

Name:	CL 06-14 (5 Min)  5_5_2014.jpg
Views:	92
Size:	183.1 KB
ID:	145859  
Reply With Quote
The following 8 users say Thank You to dctrade69 for this post:
 
(login for full post details)
  #75 (permalink)
San Jose, CA
 
Experience: Intermediate
Platform: SC
Broker: Multi
Trading: CL
 
Posts: 733 since Mar 2012
Thanks: 1,954 given, 811 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:


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

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to calitrader for this post:
 
(login for full post details)
  #76 (permalink)
San Jose, CA
 
Experience: Intermediate
Platform: SC
Broker: Multi
Trading: CL
 
Posts: 733 since Mar 2012
Thanks: 1,954 given, 811 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:


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

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to calitrader for this post:
 
(login for full post details)
  #77 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,279 received

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
Click image for larger version

Name:	2014-05-06_1645_API.png
Views:	87
Size:	118.1 KB
ID:	145990  
Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #78 (permalink)
Springfield, MO
 
Experience: Intermediate
Platform: NT
Broker: Mirus/Continuum
Trading: CL
 
dctrade69's Avatar
 
Posts: 163 since Mar 2011
Thanks: 731 given, 1,393 received

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
Click image for larger version

Name:	CL 06-14 (5 Min)  5_6_2014.jpg
Views:	120
Size:	199.0 KB
ID:	146018  
Reply With Quote
The following 10 users say Thank You to dctrade69 for this post:


futures io Trading Community Trading Journals > dctrade69 Daily Context Journal


May 6, 2014


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



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