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A Cowboy's Trading Journal
Started: by bmtrading9 Views / Replies:30,046 / 764
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A Cowboy's Trading Journal

  #261 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
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My system didn't gave a buy signal from short at 2097 (I didn't take it) on daily and it didn't gave me a buy signal on 90 mins (I think 90 mins is better suited than 2 hr system but it doesn't matter as long as you are following trend) but still I went long thinking market is way oversold (mean reversion mentality) on all levels...I MUST control this. Anyway, looking for bounce to 2050 or stop out (this is critical, I must adhere to the stop - loss aversion mentality should be controlled).

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  #262 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
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Stopped out on my long, only reason I entered the trade was fear of missing out the bottom - I didn't stick to the plan and paid the price.

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  #263 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary


I still don't have a buy signal on my 90 min chart but might be getting close as Russell is showing strength and Cum VOLSPD is still in deep red but I am seeing divergence in VOLSPD'S which means volume is not supporting this drop (Might change in the end). I am trying to follow my very simple trend system based on price.

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  #264 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary

Overall I showed little restraint by not trying to find bottom even though I am getting distracted by plethora of outside opinions...last night's stop doesn't look bad now but still think we will get a bounce soon but I am going to wait for my signal...another terrorist attacks! what in the world is wrong with people? Why do they have to show superiority over fellow humans? Why can't we coexist peacefully? Damn people.

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  #265 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary

Futures Edge on FIO
The easiest way to make money is to go with the flow. To identify the flow, you need to stand apart from the crowd and suspend what you believe about relative value so that you can determine who is likely to do what and with how much force , how everyone else is likely to react, and if it doesn’t happen, what will traders do then? - Mark Douglas

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  #266 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
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Still getting influenced by external factors because I am a human...I MUST trust my system and take all the trades but manually taking trades afterhours is difficult still sometimes price comes to the entry to give second still not taking those trades because of my FEAR OF LOOSING.

This just few trades based on my 90 mins system....my daily system is still short from 2092 (Daily might be too slow) - I have to find a middle ground.

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  #267 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary

I have to remind myself constantly it's not the system, it's the execution is the toughest mentally and to overcome fear I need strict discipline

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  #268 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
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Hindsight it's a pretty good long from 2014, system still showing long, 2047 is LVN from last week so that might provide resistance.

Edit - I didn't take that long bcoz I am still in testing mode and execution is my biggest obstacle right now.

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Last edited by bmtrading9; November 16th, 2015 at 03:03 PM.
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  #269 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary

LOL, got to love it when my thesis is right and I am not in it...NOW CRITICAL IS CONTROLING THE URGE TO TAKE OPPOSITE TRADE.

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  #270 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,677 since Mar 2013
Thanks: 2,724 given, 1,864 received
Forum Reputation: Legendary



bmtrading9 View Post
Still getting influenced by external factors because I am a human...I MUST trust my system and take all the trades but manually taking trades afterhours is difficult still sometimes price comes to the entry to give second still not taking those trades because of my FEAR OF LOOSING.

This just few trades based on my 90 mins system....my daily system is still short from 2092 (Daily might be too slow) - I have to find a middle ground.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

System closed long and went short -- that profit would have been awesome if I wouldaaa taken it...

I am going to wait and see if I can take this short or not?

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