COMMON SENSE - futures io
futures io futures trading



COMMON SENSE


Discussion in Trading Journals

Updated November 27th 2014 by mfbreakout
      Top Posters
    1. looks_one mfbreakout with 980 posts (2,731 thanks)
    2. looks_two sandptrader with 64 posts (128 thanks)
    3. looks_3 alejo with 36 posts (38 thanks)
    4. looks_4 madLyfe with 24 posts (25 thanks)
      Best Posters
    1. looks_one Surly with 3.4 thanks per post
    2. looks_two mfbreakout with 2.8 thanks per post
    3. looks_3 jthom with 2.6 thanks per post
    4. looks_4 sandptrader with 2.0 thanks per post
    1. trending_up 103,089 views
    2. thumb_up 3,302 thanks given
    3. group 63 followers
    1. forum 1,262 replies
    2. attach_file 811 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
 

COMMON SENSE

(login for full post details)
  #1241 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
Thank you CL. Re short Short 74.94. Looks like we will be in a BOX- 74 to 75.50 area till something new comes along. It does not looks like that 74 level will be broken today and if it ges broken with conviction- next leg down.

Covered shorts around 74.35 area. Tried longs around 74.25 area into close but no buyers showed up. Scratched and reshort. This has POTENTIAL to get real ugly. Shorting into the hole so relatively small position size and tight stop loss.
I am not sure if API report at 4.30 pm this evening will have impact on CL. CL seems to reacting to different news coming out of upcoming OPEC meeting on Thursday.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
FIO Journal Challenge - June 2020 w/SharkIndicators
71 thanks
Spoo-nalysis ES e-mini futures S&P 500
66 thanks
Bookmap vs Jigsaw Daytradr
31 thanks
What is your single biggest weakness?
29 thanks
AMP Futures / AMP Global Review
27 thanks
 
(login for full post details)
  #1242 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
Short Silver from 16.67 area.


Damn Silver was stuck within OR all day. Holding some shorts. Thank GOD i do not look at trades tick for tick after i place my stop loss- it will drive me nuts. I moved the stop loss lower from original stop loss in case it spikes up as she has been consolidating at highs for days.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
Click image for larger version

Name:	2014-11-25_1504_silver.png
Views:	54
Size:	168.8 KB
ID:	167121  
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #1243 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


Will be looking for shorts in ZS, PL, KC,PA, NG, SI tomorrow and upcoming days. If we get lucky and get rapid fire up moves in any of these instruements it will be easier to short with defined risk. We ONLY need one A+ set up.

Without that it gets tricky and requires more patience and much wider stop loss.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #1244 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
Covered shorts around 74.35 area. Tried longs around 74.25 area into close but no buyers showed up. Scratched and reshort. This has POTENTIAL to get real ugly. Shorting into the hole so relatively small position size and tight stop loss.
I am not sure if API report at 4.30 pm this evening will have impact on CL. CL seems to reacting to different news coming out of upcoming OPEC meeting on Thursday.


So far CL did not fall off the cliff during Globex session as i was expecting. Looks like she may stay in a tight range till something new comes out. Another statement like following and down fall will continue. I will fade any bounce unless buyers/algos get turned on with conviction. Still holding shorts.

" Saudi Arabia’s oil minister said tumbling crude prices will stabilize and there’s no need for producing nations to cut output.
No one should cut and market will stabilize itself,” Ali Al-Naimi told reporters a day before OPEC meets in Vienna. “Why Saudi Arabia should cut? The U.S. is a big producer too now. Should they cut?”



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #1245 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
Will be looking for shorts in ZS, PL, KC,PA, NG, SI tomorrow and upcoming days. If we get lucky and get rapid fire up moves in any of these instruements it will be easier to short with defined risk. We ONLY need one A+ set up.

Without that it gets tricky and requires more patience and much wider stop loss.


1) short PL around 1224.40 area. Cover some. Will add to shorts if momentum to the down side picks up.

2) Short KC around 194 area.

3) Added to shorts in NG around 4.40.

4) Holding shorts in GC around 1199 area.

5) Holding shorts in SI arouound 16.68 area.

6) Holding shorts in CL around 74.22 area. Small position size.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #1246 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading

" If we get lucky and get rapid fire up moves in any of these instruements it will be easier to short with defined risk. We ONLY need one A+ set up.

Without that it gets tricky and requires more patience and much wider stop loss."

None of the instruements moved in quick upthurst moves and thus pullbacks are taking their time. KC had a nice pullback of $2. KC ATR is around $4. I will take 50% of ATR. Out some 192.90.

NG moved up slowly all day yesterday off ORL as did KC and ZS.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following user says Thank You to mfbreakout for this post:
 
(login for full post details)
  #1247 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
1) short PL around 1224.40 area. Cover some. Will add to shorts if momentum to the down side picks up.

2) Short KC around 194 area.

3) Added to shorts in NG around 4.40.

4) Holding shorts in GC around 1199 area.

5) Holding shorts in SI arouound 16.68 area.

6) Holding shorts in CL around 74.22 area. Small position size.


NG,GC, SI scratch and flat. CL covered around 73.45 area and waiting for DOE report. KC covered around 192 flat.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #1248 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


mfbreakout View Post
NG,GC, SI scratch and flat. CL covered around 73.45 area and waiting for DOE report. KC covered around 192 flat.

Can not short at ORL and can not go long at ORH. CL is stuck within OR. Sitting on hands. Looks like next round of fireworks are not in the cards till OPEC is done with their meeting tomorrow.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following user says Thank You to mfbreakout for this post:
 
(login for full post details)
  #1249 (permalink)
boston ma
 
Experience: Beginner
Platform: ninja
Trading: futures, stocks
 
Posts: 212 since Oct 2011
Thanks: 384 given, 156 received

positions


mfbreakout View Post
1) short PL around 1224.40 area. Cover some. Will add to shorts if momentum to the down side picks up.

2) Short KC around 194 area.

3) Added to shorts in NG around 4.40.

4) Holding shorts in GC around 1199 area.

5) Holding shorts in SI arouound 16.68 area.

6) Holding shorts in CL around 74.22 area. Small position size.

I like to thank you for sharing your positions from time to time.

Thanks,
Ness1g

The following 2 users say Thank You to ness1g for this post:
 
(login for full post details)
  #1250 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


Please come up- we are waiting for you.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
Click image for larger version

Name:	2014-11-26_1131_climb.png
Views:	45
Size:	141.2 KB
ID:	167217  
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:

Closed Thread

futures io Trading Community Trading Journals > COMMON SENSE


November 27, 2014


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



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