A Cowboy's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


A Cowboy's Trading Journal
Updated: Views / Replies:41,585 / 846
Created: by bmtrading9 Attachments:227

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 227  
 
Thread Tools Search this Thread
 

A Cowboy's Trading Journal

  #451 (permalink)
Elite Member
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,583 since Feb 2014
Thanks: 1,144 given, 3,524 received


bmtrading9 View Post
Yes excellent points, thanks to all you guys now I know what to look at and what is important and what is not important at what times.

Look at this VOLSPD's last four days, UP volume is pathetic when price is trying hard to move up. Look at today's DOWN volume and specially at the end of the day. When VOLSPD is making lower lows all day price is not going to sustain that's my observation and I guess there is some stat in home work thread related to this behavior. That's why I am trying to follow this but you are right we need to take everything into consideration before making a decision.

We look at volspd slightly different, essentially calculate the breadth (%) from up and down volume. Here also I look for divergence at top and bottom to see a particular move is supported by breadth. The reality is internals will show conflicting signals most of the days, as a trader you have to read thru that and identify a workable scenario that has the highest probability as per your analysis and trade that. Trading is all about identifying these little nuances and capitalize on that.

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

Reply With Quote
The following 4 users say Thank You to rahulgopi for this post:
 
  #452 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,656 received


bmtrading9 View Post
Yes excellent points, thanks to all you guys now I know what to look at and what is important and what is not important at what times.

Look at this VOLSPD's last four days, UP volume is pathetic when price is trying hard to move up. Look at today's DOWN volume and specially at the end of the day. When VOLSPD is making lower lows all day price is not going to sustain that's my observation and I guess there is some stat in home work thread related to this behavior. That's why I am trying to follow this but you are right we need to take everything into consideration before making a decision.

The reason I wrote "crack spreads, etc" is that you are always talking about VOLSPD- and here immediately you went back to it... Just for kicks, try to not look at this for a week. I really feel like you place way too much weight on this and need to move past it as it could be hurting your read on the market instead of helping. I have never once even looked at it so I am certain you can trade without it

Reply With Quote
The following 2 users say Thank You to Inletcap for this post:
 
  #453 (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: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary



Inletcap View Post
The reason I wrote "crack spreads, etc" is that you are always talking about VOLSPD- and here immediately you went back to it... Just for kicks, try to not look at this for a week. I really feel like you place way too much weight on this and need to move past it as it could be hurting your read on the market instead of helping. I have never once even looked at it so I am certain you can trade without it

If I think about it you are right sir, because of my information confirmation mind I am leaning on it too much that's the reason why I missed the move overnight (also my previous losses contributed to it).

Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
  #454 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,656 received


bmtrading9 View Post
If I think about it you are right sir, because of my information confirmation mind I am leaning on it too much that's the reason why I missed the move overnight (also my previous losses contributed to it).

I've had days were I let internals keep me on the wrong side of the market all day- showing me glimmers of hope every so often only to be washed away little by little as the chart worked against me and one opportunity after another disappeared. Same with placing too much emphasis on correlations and other markets. I've learned that if price disagrees and is on its own path, don't fight it because of some alternative measure. If you just can't stand the conflicting information at the time, get flat and wait; Else, ride the trend.

Reply With Quote
The following 5 users say Thank You to Inletcap for this post:
 
  #455 (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: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary

Today's context

Driving Force - Not sure of anything, maybe just waiting for ECB

Day prediction - Going to be choppy at it's best, YM is going to be the weakest.

Reasons - look for end of day further deteriation in breadth and volume for bigger picture

Key levels for shorts -

YM (17100, 17142 and 17186) and ES (1994, 1996 and 2007)

Key levels for longs/reversals -

YM (16986, if that breakes wait for retrace to short depending on internals)

ES (1986, if price breaks down wait for retrace to short depending on internals)

Edit: It's amazing how my levels hit but still couldn't place a trade.


Last edited by bmtrading9; March 9th, 2016 at 11:09 AM.
Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
  #456 (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: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary

Short's will be short lived when internal are not in-line damn...I should have know this better by now.

Shorted YM at 17020 before the drop and stupidly added another contract at 17962 (stupid stupid) thinking this is it, it's going to break down but it didn't so out scalping for 20 YM points.

Edit: If we can't beat it just join on the opposite side? but we are very near to inflection point to consider longs...

Edit: Joined the otherside, If this doesn't break by now, I guess they are waiting for ECB and also OIL is too strong....damn flipped again...stop in place walking away


Last edited by bmtrading9; March 9th, 2016 at 03:34 PM.
Reply With Quote
 
  #457 (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: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary

Days like today are draining mentally, makes me think twice about everything I do.

Is my method right? Is my time frame right? Do I need to go thru this? etc. etc.

Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
  #458 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,088 received


bmtrading9 View Post
Days like today are draining mentally, makes me think twice about everything I do.

Is my method right? Is my time frame right? Do I need to go thru this? etc. etc.

We are in important congestion zones on both sides of the Atlantic, trading will ease when they shift, don't try to force it. Sometimes just taking a break or doing something as a diversion and then coming back in a few days is the best route.

Travel Well
Reply With Quote
The following 3 users say Thank You to ratfink for this post:
 
  #459 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,656 received


bmtrading9 View Post
Days like today are draining mentally, makes me think twice about everything I do.

Is my method right? Is my time frame right? Do I need to go thru this? etc. etc.


ratfink View Post
We are in important congestion zones on both sides of the Atlantic, trading will ease when they shift, don't try to force it. Sometimes just taking a break or doing something as a diversion and then coming back in a few days is the best route.

When the entire range was taken out in 4 minutes and 20k contracts late this morning because oil retraced from 2SD to 1SD it seemed like writing on the wall- walk away or play VWAP band pinball as choke35 calls it

Reply With Quote
The following 3 users say Thank You to Inletcap for this post:
 
  #460 (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: 1,789 since Mar 2013
Thanks: 2,909 given, 2,011 received
Forum Reputation: Legendary


Today it seems to be typical Draghi's jawboning but with options expiration looming next week I am not sure what will happen.

Reply With Quote

Reply



futures io > > > A Cowboy's Trading Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
UBC Trading Journal - A day trading journey UmBillyCord Trading Journals 12 October 6th, 2014 06:43 AM
Cowboy & IRS kbit Jokes 0 February 28th, 2014 10:28 PM
The Naked Cowboy kbit Jokes 1 February 20th, 2014 08:23 PM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 10:44 PM.

Copyright © 2017 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
Page generated 2017-11-17 in 0.13 seconds with 20 queries on phoenix via your IP 54.162.164.86