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A Cowboy's Trading Journal
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Created: by bmtrading9 Attachments:213

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A Cowboy's Trading Journal

  #621 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary

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1 - Short at 46.60
2 - Covered at 46.30 (Overnight missed my target of 46.05 by 3 ticks ughh...)
3 - Chopped up and down
4 - Frustrated and left one long at 46.20 with 20 ticks advantage but opening selloff took out my stop at break-even

Didn't dare to trade the report

That's my day in a nutshell.

Edit: With all this drama my original stop of 47.70 on my original stop is not touched.

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  #622 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary

M6B

That's on sim though, planning to go live in real account with same strategy.

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  #623 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary

ES


ES is approaching a short but I don't have guts to short it, I am just watching this if I will be right in my analysis or not.

Trading ES doesn't suite my mentality but it is a good vehicle if you just a LONG and HOLD trader.

ES Daily trend - LONG

ES 15 mins trend - Tired LONG

ES entry point with 10 point stop - 2150 ( I will place an order on sim just for testing mode)

Now this the dilemma I am facing when I do my analysis and I know when my stop is far away do I need to enter the trade or wait for confirmation and loose that price advantage? Classic Information risk vs price risk.

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Edit: Be cautious in earnings season and shorts


Last edited by bmtrading9; July 15th, 2016 at 08:56 AM.
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  #624 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary


bmtrading9 View Post
ES is approaching a short but I don't have guts to short it, I am just watching this if I will be right in my analysis or not.

Trading ES doesn't suite my mentality but it is a good vehicle if you just a LONG and HOLD trader.

ES Daily trend - LONG

ES 15 mins trend - Tired LONG

ES entry point with 10 point stop - 2150 ( I will place an order on sim just for testing mode)

Now this the dilemma I am facing when I do my analysis and I know when my stop is far away do I need to enter the trade or wait for confirmation and loose that price advantage? Classic Information risk vs price risk.

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


Edit: Be cautious in earnings season and shorts


Ok...I said screw it and entered short (on sim) anticipating a trend change. Damn it I shouldaaa waited and check 2 min chart for better prices...

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Edit: After a very very long time bought 3 SPY puts (AUG 19TH expiration) each at 1.16

Edit: LOL, of course, it will work because I am doing it on sim except for options.


Last edited by bmtrading9; July 15th, 2016 at 11:39 AM.
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  #625 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary


bmtrading9 View Post
Ok...I said screw it and entered short (on sim) anticipating a trend change. Damn it I shouldaaa waited and check 2 min chart for better prices...



Edit: After a very very long time bought 3 SPY puts (AUG 19TH expiration) each at 1.16

Edit: LOL, of course, it will work because I am doing it on sim except for options.

Ok, now trend changed so my questions in my head would be will this continue or not? When was the last time short worked? all these sorts doubts will be in my mind...

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Edit: Looks like I missed my target by 3 or 4 tick, I going to keep this short.


Last edited by bmtrading9; July 15th, 2016 at 03:51 PM.
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  #626 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary

Going to be busy week at work so not trying to do stupid things....Still have my August puts, my simulation ES yielded 11 ES handles on that Turkey scare i.e reached my target but hey that's why I don't like simulation.

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  #627 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary

CL Daily

About to explode to the upside. Of course, I might be wrong as it is near the support but probability of going up is more. Other concern is weekly chart is it bearish or just a bull flag?

@Inletcap what's your take on it?

Daily

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Weekly

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  #628 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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bmtrading9 View Post
About to explode to the upside. Of course, I might be wrong as it is near the support but probability of going up is more. Other concern is weekly chart is it bearish or just a bull flag?

@Inletcap what's your take on it?

Daily

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Weekly

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For what its worth from a value point of view this is what I see: CL tested for sellers above VAH first week of June and found them for the custom profile spanning 6/28/2015 to today, at red arrow it bounced off that ranges VPOC (also 2 years comp profile VPOC) but then resumed its bearish ways next day, I see it testing for buyers on the other side of value down to VAL and or the 2 green arrows.

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Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #629 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary


Blash View Post
For what its worth from a value point of view this is what I see: CL tested for sellers above VAH first week of June and found them for the custom profile spanning 6/28/2015 to today, at red arrow it bounced off that ranges VPOC (also 2 years comp profile VPOC) but then resumed its bearish ways next day, I see it testing for buyers on the other side of value down to VAL and or the 2 green arrows.




Ron

Thanks Ron, that might be the case also as overall market (ES, YM, NW) are looking tired...my day trading strat (on sim) is short, last few months that's been working let's see.

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  #630 (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: 1,744 since Mar 2013
Thanks: 2,825 given, 1,960 received
Forum Reputation: Legendary


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


Sent from my SAMSUNG-SM-G900A using Tapatalk

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