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A Cowboy's Trading Journal
Started: by bmtrading9 Views / Replies:25,660 / 696
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A Cowboy's Trading Journal

  #481 (permalink)
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michaelleemoore View Post
Well done!

Thanks for all the help on your thread sir, learning a lot.

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  #482 (permalink)
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bmtrading9 View Post
Exited my short QM at 40.40 from 41 mainly due to pending EIA report.

Now this hurts, didn't realize I can see 38 handle this fast...

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  #483 (permalink)
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Haven't been trading much recently. Thursday's run-up was impressive and typical of a move that happens before the return of volatility (Another clue is flattening of MA's). I am not sure what would happen after three days break, analysis will be re done, algo's will be re-written etc. etc.

Typically I want to see the breadth increasing with that end of day rally if it didn't improve then something might be suspicious not saying short but be cautious on longs is my approach today on ES/YM.

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  #484 (permalink)
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Missed my long entry this morning while dropping kid at school so what did I do? Shorted YM @17400 with stop at 17500 for a swing...I broke two rules in this trade

1. My self imposed no shorting rule
2. Self imposed no holding overnight rule (not yet broken but that's the plan for now)

Reason for my short...Less volume on UP side and breadth deteriorating, weak oil but near ADR Lows so expecting a bounce there.

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Edit: Wow! I didn't know Yellen was speaking today but anyway I deserve this because I broke my rules...and still breaking it by holding this short purely based on no volume to support this move

Edit: Closed YM short lost $500. That was very fast 2 mins, had chance to minimize the loss but didn't take that chance. Anyway sticking to my rule of no overnight position.


Last edited by bmtrading9; March 29th, 2016 at 04:49 PM.
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  #485 (permalink)
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Futures Edge on FIO
Still looking at those volume spreads eh? So much pain for no reason- a while back I found Cumulative Delta Volume was so inconsistent I removed it from all my charts because it clouded my mind- "why is there not as much volume at the bid on this push?" I would ask myself and eventually close out a trade or worse- take a trade... I promise one last time- you do not need that information to be a consistently profitable trader!

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  #486 (permalink)
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Inletcap View Post
Still looking at those volume spreads eh? So much pain for no reason- a while back I found Cumulative Delta Volume was so inconsistent I removed it from all my charts because it clouded my mind- "why is there not as much volume at the bid on this push?" I would ask myself and eventually close out a trade or worse- take a trade... I promise one last time- you do not need that information to be a consistently profitable trader!

Yup I agree, removing it. Today's issue is not trading what's in front of me but entering trade with swing mindset and not able to adjust accordingly.

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  #487 (permalink)
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No trades today but I hit my imaginary targets (lol). I am down with allergies, also alot more going on at work front so not finding much time, whenever I get time move would have already happened...I am waiting this March to be over, lost over half of profits already.

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  #488 (permalink)
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http://www.discretionary-trading.com/

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  #489 (permalink)
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bmtrading9 View Post
http://www.discretionary-trading.com/

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Wow! This guy nailed it perfectly atleast theory wise.

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  #490 (permalink)
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bmtrading9 View Post
Discretionary-Trading

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Which post are you referring to?

The link goes to the home page for his blog.

Do we assume you mean the 6th March post?

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