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A Cowboy's Trading Journal
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A Cowboy's Trading Journal

  #671 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary

Daily analysis - CL/QM

Daily - Trend down
15 min PF chart - Trend down
OR - 0.27

looking for exhaustion and counter trend initially at A_Down/OR_L1 (Leaning more towards OR_L1 because of round number)

Stop trading before report

Stop - 30 ticks on CL

Similar analysis for ES too

Edit: Trades canceled, I was too conservative and afraid to catch the knife at A_Down and waited for OR_L1

Edit: That's 10 points on ES and 10 ticks on CL


Last edited by bmtrading9; September 14th, 2016 at 10:11 AM.
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  #672 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary

Daily Analyis - CL

Daily trend - down
15 min PF trend - down but weakaning (Turn point is 44.21)

Bias - Trying to find trend reversal

Today's Plan - Buy One contract of QM at 43.50 with another add at 42.50

Wait for OR to decide the directional bias on CL for day trades

Daily Analyis - ES

Daily trend - down
15 min PF trend - Flat (Turn point is 2120)

Bias - LONG based on O/N action

Today's Plan - Wait for OR and take LONG trades at A_Down

EXECUTE THE PLAN WITHOUT FEAR


Last edited by bmtrading9; September 15th, 2016 at 10:57 AM.
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  #673 (permalink)
Market Wizard
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker/Data: AMP
Favorite Futures: ES
 
rocksolid68's Avatar
 
Posts: 1,019 since Jan 2015
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bmtrading9 View Post
EXECUTE THE WITHOUT FEAR

You can do it @bmtrading9, I know you can

Good luck and I look forward to seeing your recap of the day!

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  #674 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary


bmtrading9 View Post
Daily Analyis - CL

Daily trend - down
15 min PF trend - down but weakaning (Turn point is 44.21)

Bias - Trying to find trend reversal

Today's Plan - Buy One contract of QM at 43.50 with another add at 42.50

Wait for OR to decide the directional bias on CL for day trades

Daily Analyis - ES

Daily trend - down
15 min PF trend - Flat (Turn point is 2120)

Bias - LONG based on O/N action

Today's Plan - Wait for OR and take LONG trades at A_Down

EXECUTE THE WITHOUT FEAR


This is on going struggle for me to juggle personal life and trading life.

I set limit buy on QM so was able to get QM long for a swing but was not in-front of the screen to execute the plan on ES as you can see it was a beautiful long if anyone got it.

I recognized my issue of not be able to in-front of screen at right time and tried to automate the plan. Some days I think I am so near and next day market shows me I am way far...

Edit: Stop on QM moved to breakeven, I am trying to ride this uptrend this time.


Last edited by bmtrading9; September 15th, 2016 at 12:17 PM.
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  #675 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
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bmtrading9 View Post
This is on going struggle for me to juggle personal life and trading life.

I set limit buy on QM so was able to get QM long for a swing but was not in-front of the screen to execute the plan on ES as you can see it was a beautiful long if anyone got it.

I recognized my issue of not be able to in-front of screen at right time and tried to automate the plan. Some days I think I am so near and next day market shows me I am way far...

Edit: Stop on QM moved to breakeven, I am trying to ride this uptrend this time.

This time in front of the screen thing is a big issue for most of us.

Hope you find a way to get it in hand for you.

(Hope I do too. )

Bob.

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  #676 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary


bobwest View Post
This time in front of the screen thing is a big issue for most of us.

Hope you find a way to get it in hand for you.

(Hope I do too. )

Bob.

I tried (still trying) to automate but market kicked me in the butt before so being extra careful when not needed is hurting.

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #677 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary


bmtrading9 View Post
This is on going struggle for me to juggle personal life and trading life.

I set limit buy on QM so was able to get QM long for a swing but was not in-front of the screen to execute the plan on ES as you can see it was a beautiful long if anyone got it.

I recognized my issue of not be able to in-front of screen at right time and tried to automate the plan. Some days I think I am so near and next day market shows me I am way far...

Edit: Stop on QM moved to breakeven, I am trying to ride this uptrend this time.

LOL, stopped out...except laughing at my luck these there is nothing much I can do.

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #678 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary

Daily Analysis - CL

Daily Trend - After pause it seems resuming DOWN trend as seen in PF and Volume Profile charts but it's right at support of 43 area if this misses I am looking for 41.80 are for support.

15 Min PF chart Trend - DOWN

Bias - SHORT based on all time frames and ON action but one should be very careful because quradraple witching

Plan - No trading today as last few Friday's I got whipped very badly

Daily Analysis - ES

Daily Trend - DOWN, ES will be more tricky than CL I guess because pernial FED intervention and bulls

15 Min PF chart Trend - DOWN

Bias - SHORT based on all time frames and ON action but one should be very careful because quradraple witching

Plan - No trading today as last few Friday's I got whipped very badly


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  #679 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary

Yesterday did nothing after seeing OR of 5 ticks on CL

CL Analysis

Daily Trend - Down (Accelearating towards 41.80 and 40's, Look for divergence in CD for trend reversal)

15 min PF Chart - Down

Bias - SHORT but my damn mentality doesn't allow me to take short trades, my mind always thinks what if price reverses after I take the position so always looks for reversal. This kind of thinking is profound on shorting.

Plan - Wait of OR and look for clues in CD and OR.

ES Analysis

Daily Trend - Down (Trying to make a bounce and nearing resistance 2150, Above resistnace I will consider it as trend change. Also, look for divergence in CD for trend change)

15 min PF chart - UP (Right at congestion area of 2140)

Bias - LONG based on ON action

Plan - Wait for OR and if market internals support bias buy the dips.

CL - Daily
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ES - Daily
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  #680 (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: 2,908 given, 2,010 received
Forum Reputation: Legendary


Not much analysis today as I have to go to daughters schools for breakfast with dads.

I am seeing lot of selling underneath (as per CD) in both CL and ES but price is making highs waiting for some news. This makes sense for Oil report and FOMC.

Good luck.

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