daddy's CL trading w. volume profile - futures io
futures io futures trading



daddy's CL trading w. volume profile


Discussion in Trading Journals

Updated December 4th 2014 by daddy
      Top Posters
    1. looks_one daddy with 132 posts (154 thanks)
    2. looks_two matevisky with 11 posts (8 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 qwertz2021 with 1 posts (2 thanks)
      Best Posters
    1. looks_one qwertz2021 with 2.0 thanks per post
    2. looks_two daddy with 1.2 thanks per post
    3. looks_3 Big Mike with 1.0 thanks per post
    4. looks_4 matevisky with 0.7 thanks per post
    1. trending_up 11,247 views
    2. thumb_up 168 thanks given
    3. group 8 followers
    1. forum 147 replies
    2. attach_file 123 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
 

daddy's CL trading w. volume profile

(login for full post details)
  #11 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

S/R zones for 2014.09.26.

Bias for the day: slightly bearish
Yesterday the crude tested the 93.3 two times, failing. Overnight was a third test, failing again.

If the bulls can push through 93.3 and then the 93.38-93.51 area, the way is free to 94.
Otherwise, if the bears come in they have to break through 3 support levels, and then the 92.22 ONL, then the next stop is the very wide 91.26-91.75 area. So the bears have to work harderÖ but I'm on their side


Reply With Quote
The following user says Thank You to daddy 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)
  #12 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

No trades for 2014.09.26.

I try to keep the promise to myself that I only pull the trigger on premium trades.
Today I couldnít see any real good ones, the ones I examined would give mixed results, I would be about even.
Of course anything can happen the second half of the day, but Iíll stay out, since itís Friday, and right now itís painfully slow for me.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

S/R zones review for 2014.09.26.



daddy View Post
Bias for the day: slightly bearish
Yesterday the crude tested the 93.3 two times, failing. Overnight was a third test, failing again.

If the bulls can push through 93.3 and then the 93.38-93.51 area, the way is free to 94.
Otherwise, if the bears come in they have to break through 3 support levels, and then the 92.22 ONL, then the next stop is the very wide 91.26-91.75 area. So the bears have to work harderÖ but I'm on their side

The crude went sideways int he first half of the day. By 9:45, the bears could push down to the second support area, but couldnít break through. By 10:40 the bulls pushed the price fourth times to 93.3, but couldnít get through either.
The fifth time around 13:10 was successful, the bulls managed to push throuh to 93.86, but eventually lost power and came back below 93.3.


Reply With Quote
The following user says Thank You to daddy for this post:
 
(login for full post details)
  #14 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

S/R zones for 2014.09.29.

Bias for the day: neutral

Right now the crude are just at the levels of the monthly resistance, so today may be choppy.
If the bulls can push through th ONH, the way is free to 94.
Otherwise, if the bears can move the crude below the ONL, the next support is the 92.2-92.3 area.


Reply With Quote
The following 2 users say Thank You to daddy for this post:
 
(login for full post details)
  #15 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

Trades for 2014.09.29.

It was a very bad day, I just lost the trading game mentally. The positive thing I also learned a lot

First, what did I do wrong:
- I wrote before, that I think itís gonna be a choppy day. Well, I ĄforgotĒ what I saw int he market before the open, so I wasnít cautious enough.
- Trades 4,5,6 are just were not justified, I have to stick to my usual setups.

What I learned:
- Iíll try to do my setups with trailing stops, be more agressive on trade management. Of course it has disadvantages, maybe Iím stopped out, then it goes my way. I think itís worth experimenting.
- I definitely overtraded after the losses. Rule from now: after two losing trades, I take a 10 minute break, away from the screens.

Trade 1:
Time: 9:36
Sell 5 @ 93.3
Buy 5 @ 93.36
P&L w. commissions: -323.2
I think the trade idea was good. The crude was streched, and there was a volume imbalance as well. The delta was choppy, though.

Trade 2:
Time: 9:38
Sell 5 @ 93.29
Buy 5 @ 93.32
P&L w. commissions: -173.2
I was still fond of the idea that itís gonna go down. Instead of breaking down, it went sideways.
It was a losing trade, but I saw the delta decreasing, so I narrowed the stop, which was a good move, so I lost less.

Trade 3:
Time: 10:06
Sell 5 @ 93.53
Buy 2 @ 93.47
Buy 3 @ 93.53
P&L w. commissions: 96.8
It was a good trade, I got the first goal, after that it turned.

Trade 4:
Time: 10:22
Buy 5 @ 93.56
Sell 5 @ 93.51
P&L w. commissions: -273.2
It wasnít my usual setup, I usually donít play breakouts. In the future, if I play this, I have to use trailing stops, since most breakouts fail. With a trailing stop the loss would be around 70.

Trade 5:
Time: 10:39
Sell 5 @ 93.62
Buy 5 @ 93.63
P&L w. commissions: -73.2
I shouldnít have taken this trade, it didnít meet my requirements: the ONH and prev. close was too close, so it became choppy in this area. I tried to scratch.

Trade 6:
Time: 11:01
Buy 5 @ 93.71
Sell 5 @ 93.66
P&L w. commissions: -293.2
I tried a breakout again, too bad.

P&L for the day: -1039.2
P&L from 09.24: -688.4

Attached Thumbnails
Click image for larger version

Name:	20140929_trade_1.jpg
Views:	23
Size:	494.2 KB
ID:	158804   Click image for larger version

Name:	20140929_trade_2.jpg
Views:	14
Size:	486.4 KB
ID:	158805   Click image for larger version

Name:	20140929_trade_3.jpg
Views:	13
Size:	509.3 KB
ID:	158806   Click image for larger version

Name:	20140929_trade_4.jpg
Views:	15
Size:	513.1 KB
ID:	158807   Click image for larger version

Name:	20140929_trade_5.jpg
Views:	14
Size:	514.7 KB
ID:	158808  
Reply With Quote
 
(login for full post details)
  #16 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

Trades for 2014.09.29.

The sreenshot for trade 6:

Attached Thumbnails
Click image for larger version

Name:	20140929_trade_6.jpg
Views:	23
Size:	512.2 KB
ID:	158809  
Reply With Quote
 
(login for full post details)
  #17 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,784 since Jun 2009
Thanks: 31,500 given, 94,182 received

Nice job journaling @daddy.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:



That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #18 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

S/R zones review for 2014.09.29.


daddy View Post
Bias for the day: neutral

Right now the crude are just at the levels of the monthly resistance, so today may be choppy.
If the bulls can push through th ONH, the way is free to 94.
Otherwise, if the bears can move the crude below the ONL, the next support is the 92.2-92.3 area.

Well, the bulls won, after chopping around the ONH and prev. close, they pushed it through to the 93.9-94.05 area, then to the next resistance area to 94.61-94.9.
The predefined areas served well:


Reply With Quote
 
(login for full post details)
  #19 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

S/R zones for 2014.09.30.

Bias for the day: neutral / slightly bearish

Overnight the crude mainly moved in the 94.4-94.76 area. Itís just above the levels of the monthly resistance, but I think it will go back below 93 this week.
I donít think the bulls can push through the ONH, or not much Ė its the end of the VolProf (all) there. If they do, it can go a long wayÖ
Otherwise, if the bears can move the crude below the ONL, the next support is the 93.9-94.03 area.

So the areas are:
90.75-90.91
91.3-91.76
92.25-92.4
92.71-93.3
93.5-93.63
93.9-94.03
94.4-94.76
95.73-95.93


Reply With Quote
 
(login for full post details)
  #20 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
Thanks: 139 given, 204 received

Trades for 2014.09.30.


Because the trading mistakes of yesterday, I altered my trading method. Till yesterday my profit target was 20 ticks, with scaling out on the way, and leave 1 contract in to run, if it wants
Today I was more agressive, I used trailing stops instead of fix ones, and planned all out at 10 ticks.
Also managed to pull the trigger on the real good ones, I just waited till the trade shouted in my face: NOW!

I didnít want to stay in the market after the 11:25 selling frenzy. Personally, I prefer stay out of the elevator when a 900 pound gorilla is in.

Trade 1:
Time: 9:30
Buy 5 @ 94.13
Sell 5 @ 94.23
P&L w. commissions: 476.8
Although I wanted to trade in the short side, I found the crude way too streched. The idea was to get a quick profit on the correction, and it was successful.

Trade 2:
Time: 9:51
Sell 5 @ 93.99
Buy 5 @ 93.89
P&L w. commissions: 476.8
This is the kind of a setup I usually look for: after a long strech to 94 the buying activity decreased, and one could see a paw of a bear. I also aimed for 10 ticks. The target could be more, but of course everybody can read the left side of the chart perfectly

P&L for the day: 953.6
P&L from 09.24: 265.2

Attached Thumbnails
Click image for larger version

Name:	20140930_trade_1.jpg
Views:	24
Size:	495.7 KB
ID:	159065   Click image for larger version

Name:	20140930_trade_2.jpg
Views:	23
Size:	507.5 KB
ID:	159066  
Reply With Quote
The following user says Thank You to daddy for this post:


futures io Trading Community Trading Journals > daddy's CL trading w. volume profile


December 4, 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