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 103,063 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)
  #401 (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

By the time i got to deak this morning , CL was lready around 92.30 area. Can't go long at highs regardless how bullish something is looking within a macro down trend. Short 92.60 area.



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:	2014-09-15_1123_short.png
Views:	40
Size:	205.2 KB
ID:	156514  
Visit my futures io Trade Journal
The following user says 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
 
 
(login for full post details)
  #402 (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

NQ

Nothing but shorts in NQ. Cover some around 4020. Not interested in ticks but points. No longs as there are no buyers.



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:	2014-09-15_0940_red_wine.png
Views:	39
Size:	164.6 KB
ID:	156516  
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #403 (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

hg


Rubber band stretched ? Both positions were in the money but it's not worth trading these for ticks. In fact nothing is worth trading for ticks.



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:	2014-09-15_1154__hg.png
Views:	41
Size:	206.3 KB
ID:	156517  
Visit my futures io Trade Journal
The following 2 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #404 (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

analysis

Hi jthom,

" Would be good to read some pre analysis. (just joe - hint hint)".

Good thing about looking at weekly/monthly support/resistance, balance area etc. is that nothing major changes from day to day. Cl will keep testing low end of balance area till it breaks. Thus initiating new shorts around 91 to 90 area is not a good strategy. How about longs? i have not taken longs but they have been there.

Once price get rejected from one end , it goes to the other end. What is the other end? 92, 92.50, 94 etc. I used to worry about picking out the exact edge of the other end. My idea was ( and lot of retail traders spend majority of their time on this useless effort) that if i can pick up exact location of the edge, i can go long or short with a tight stop loss. It was 50-50 at best. I do not worry about exact location anymore so that i can pick a sweet spot for stop loss.

All i know, i do not want to be long around 92.50 and up if CL is coming up from low end of balance area ( 90.40, 90.60 etc). I am looking for shorts. When, where and how to short depends upon each trader skill set.

My short from 92.63 this morning may look like that i have some magic that i picked up the spot right on the money but it is not. I am mentally prepared for CL to go higher. I will add to my short provided there is no massive buying at highs etc. If there is buying at highs , i get out and see how high CL bounces 92.90, 93.50 etc. Price by itself has no VALUE.



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:	2014-09-07_1942_Balance.png
Views:	41
Size:	115.1 KB
ID:	156540  
Visit my futures io Trade Journal
The following 5 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #405 (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

Trading with confidence.



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:	2014-09-15_1312_method.png
Views:	48
Size:	144.7 KB
ID:	156544  
Visit my futures io Trade Journal
The following 4 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #406 (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

NQ

NQ will do this and will do that and on top of that i want a minimum of 1:3 risk reward trade with 2 points stop loss? Emphasis on MINIMUM. Really?

I am not aware of such trades, set ups and neither have interest in them.



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:	2014-09-15_1355_NQ_OPC.png
Views:	39
Size:	204.3 KB
ID:	156551  
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #407 (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
NQ will do this and will do that and on top of that i want a minimum of 1:3 risk reward trade with 2 points stop loss? Emphasis on MINIMUM. Really?

I am not aware of such trades, set ups and neither have interest in them.

Reshort NQ 4029 area. There is nothing like shorting dead cat bounces.



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:	2014-09-15_1505_dead_cat_bounce.png
Views:	44
Size:	146.2 KB
ID:	156557  
Visit my futures io Trade Journal
The following 4 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #408 (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

One stats which matters to me the most. Relationship between numbers of contracts traded and gains. For me it's a clear sign as to how well i am reading Context and Price Action. Today stats were HORRIBLE. I do not know what to make of traders joining /clearing TST combine with stas like total contarcts traded 30, Net Gains $400 and so on. Well at least they have 70% win ratio. Some even have 90%.

Long 92.70 , 2 hours ago you were short from 92.63? There was quite a bit of buying 2nd time around is all i can say



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:	2014-09-15_1523_lucky.png
Views:	50
Size:	200.8 KB
ID:	156559  
Visit my futures io Trade Journal
The following 4 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #409 (permalink)
Sydney / Australia
 
Experience: Intermediate
Platform: NT
Broker: AMP
Trading: Oil
 
Posts: 118 since Jun 2009
Thanks: 128 given, 104 received

I can speak from experience, that when I was trading multiple contracts for very small gains (ie $100 for the day) each trading day will end up in a mess. Not only do the commissions add up, but I acquired this bad habit of relying on stacking contracts for very small gains.
In the end I wiped my account out.
EG: I start the day trading 4 contracts on entries. Looking to get QUICK profits to close my platform down.
After two losing trades I am down 50 ticks. CYA LATER.
Impossible to recover. Then the stress and emotion become paramount!
Being lucky is okay now and again. I Embrace it. Im trying not to rely on it!

Thanks for that analysis too. Most impressive!

Cheers

The following 2 users say Thank You to jthom for this post:
 
(login for full post details)
  #410 (permalink)
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

Are you reading my mind



mfbreakout View Post
Trading with confidence.

yes, i am not have confidence at all
i lost all the trend , and i got exactly you have said


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal
The following 2 users say Thank You to alejo 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