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


A Cowboy's Trading Journal
Updated: Views / Replies:32,721 / 767
Created: by bmtrading9 Attachments:198

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 198  
 
Thread Tools Search this Thread
 

A Cowboy's Trading Journal

  #681 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received

Always somewhere someone know something before hand how?

Daily chart

CD - Ask Traded vs Bid Traded was on the lower side even-though price was moving up that means I think they were selling underneath isn't it? @Inletcap any insight?

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



2 hr chart

CD - Uptick vs Downtick up only moderatly
CD - Ask Traded vs Bid Traded was on the lower side even-though price was moving up

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 2 users say Thank You to bmtrading9 for this post:
 
  #682 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received

There it is my first REAL algo trade.

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 bmtrading9 for this post:
 
  #683 (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: 9,767 given, 25,495 received


Sorry I missed your post earlier- very clearly- it was to be going up

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 2 users say Thank You to Inletcap for this post:
 
  #684 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received

It's been a while and much needed break. I got frustrated myself I don't have an exact reason, suddenly one day I just dropped everything related to trading and haven't opened a chart or read a forum post for almost till today. I am still in that mode but, surprised to see reluctance in my mind (which is new). Maybe next year I will be back slowly I guess.

Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
  #685 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received

Happy New Year to all, hope this will be a very good year for all struggiling traders and seasoned veterans.

I closed last year for small loss from 6k profit mainly because of lack of time at right moment and experimenting with automation and semi automation to get over that time issue etc etc. and I read few posts from few memebers they are also dealing with same issues (I don't know when will this end for struggling traders).

I didn't trade from September and saved up some money (not enough though for full swing trading futures) for SWING/DayTrading trading miniCRUDE (QM), this morning read the conditions properly for a short and expected big players will enter the market but didn't expected this fast drop though.

IN SUMMARY NEW YEAR BUT SAME OLD ISSUES

Reply With Quote
The following 7 users say Thank You to bmtrading9 for this post:
 
  #686 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 836 since Dec 2013
Thanks: 1,485 given, 2,975 received
Forum Reputation: Legendary

Good to see you back at FIO!
Best whishes to you too and let's do it this year

Reply With Quote
The following 2 users say Thank You to GruttePier for this post:
 
  #687 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received


GruttePier View Post
Good to see you back at FIO!
Best whishes to you too and let's do it this year

Thanks and best wishes to you too, I read some of your posts and I am glad that you are trading oil and doing good.

I know this sounds simple but as our guru @Inletcap says

1. Have a PLAN/THESIS (Most importantly TRUST yourself and your PLAN).
2. Take the damn TRADE.
3. MANAGE the damn trade.

Most of us are struggling at #1 and #2 because of

1. lack of time at right moment
2. Lack of enough funds
3. Both

It's like in that movie "MATRIX" we all waiting for that realization/nirvana/light bulb moment or whatever it is called. Once we achieve that then there is no looking back and I sincerely wish everyone of us will reach that moment quickly.

Edit: I am sure everyone is aware of this site but planning to thru these 5 webinars.

https://futurestrader71.com/


Last edited by bmtrading9; January 3rd, 2017 at 03:28 PM.
Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
  #688 (permalink)
Risk--->0 $--->∞
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
 
Blash's Avatar
 
Posts: 1,479 since Nov 2011
Thanks: 4,194 given, 2,104 received
Forum Reputation: Legendary

Happy New Year!

Hope all is well. Looking forward to post along side you in 2017 my friend ........at FIO!

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)
Reply With Quote
The following 3 users say Thank You to Blash for this post:
 
  #689 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,679 since Mar 2013
Thanks: 2,733 given, 1,873 received

CL bigger picture analysis

I realized (I was rusty) how difficult it is to hold for longer for exponetial returns

Week 1

Trades

Entry - Short 1 QM at 53.20 with plan to add at 54.20 and 55.20
Exit - 1 QM at 53.85
Stop - Usually a disaster stop of 1.5 ATR on daily, but I don't want to use STOPS this year as I know with oil's volatility If I can scale in properly I can get out with minimum damage that's why I am using miniOil (QM) instead of oil (CL).

Mindset

Before the Trade - I wanted to short on Tuesday at 55.05 but overnight market was too bullish and didn't dare to get in front of the train so missed that short.

Trade - I thought market dropped and rebound too fast and saw clear resistance on daily chart 53.20 and took the short with the plan to add at 54.20 and 55.20 eventhough Monthly was bullish at that time.

In the Trade - Price dropped initially but came back up roaring sending my brain into frenzy state with all sorts of questions. Still I holded onto the trade thru oil report and job's report. Every single time I wanted to add at 54.20 but didn't dare because the buying pressure is very high and at the same time didn't sell it because I know I have to change certain habits if I want to be success in this swing trade. Finally, on Friday my mind gave up and exited the trade at 53.85 for a loss because I witnessed price cameback up roaring from 53.20 to 54.20.

Summary - Have a plan but be flexible.

--------------------------------------------------

Monthly - Overbought Bullish

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




Weekly - Overbought Bullish with Inverted Head and Shoulder but declining buying interest. If Inverted H&S materializes we can see 60 as first price target else it can come back to 50.

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



Daily - Bullish Trend - Tried to break the bullish trend couple of times but buyers got it back up to the range. Resistance at 54.20 and support at 53.60 and 53.20 it's hard to prdict the price.

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



15 min - Slightly Bearish Trend - If this bearish trend continues we can see 53.20 quickly.

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


This week the plan is to take shorter term trades (based on 15 mins PF chart) as we are in range on daily charts.


Last edited by bmtrading9; January 8th, 2017 at 11:20 AM.
Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
  #690 (permalink)
Elite Member
Saskatchewan
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: TST / Rithmic
Favorite Futures: CL
 
Posts: 951 since Apr 2014
Thanks: 2,585 given, 1,668 received



bmtrading9 View Post
Happy New Year to all, hope this will be a very good year for all struggiling traders and seasoned veterans.

I closed last year for small loss from 6k profit mainly because of lack of time at right moment and experimenting with automation and semi automation to get over that time issue etc etc. and I read few posts from few memebers they are also dealing with same issues (I don't know when will this end for struggling traders).

I didn't trade from September and saved up some money (not enough though for full swing trading futures) for SWING/DayTrading trading miniCRUDE (QM), this morning read the conditions properly for a short and expected big players will enter the market but didn't expected this fast drop though.

IN SUMMARY NEW YEAR BUT SAME OLD ISSUES

Glad to see you back posting oh and happy new year

Sent from my SM-G903W using Tapatalk

Thank you to everyone who helped me in my journal contest it all ment alot.

Last edited by DRock306; January 9th, 2017 at 03:03 AM.
Reply With Quote
The following user says Thank You to DRock306 for this post:

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)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May

An overview of volumetric analytical tools w/Sergey Sokolov @ PTMC

Elite only

John Hoagland (TBA)

Elite only

FuturesTrader71 Extended Ask Me Anything (AMA)

Elite only

Pete @ Jigsaw Trading (TBA)

Elite only

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

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 05:43 AM
Cowboy & IRS kbit Jokes 0 February 28th, 2014 09:28 PM
The Naked Cowboy kbit Jokes 1 February 20th, 2014 07:23 PM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 03:48 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 08:01 PM


All times are GMT -4. The time now is 06:19 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 2017-05-28 in 0.16 seconds with 20 queries on phoenix via your IP 54.162.69.178