A Cowboy's Trading Journal - futures io
futures io futures trading



A Cowboy's Trading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one bmtrading9 with 726 posts (925 thanks)
    2. looks_two Inletcap with 28 posts (82 thanks)
    3. looks_3 Blash with 20 posts (44 thanks)
    4. looks_4 bobwest with 15 posts (36 thanks)
      Best Posters
    1. looks_one Inletcap with 2.9 thanks per post
    2. looks_two bobwest with 2.4 thanks per post
    3. looks_3 Blash with 2.2 thanks per post
    4. looks_4 bmtrading9 with 1.3 thanks per post
    1. trending_up 76,216 views
    2. thumb_up 1,324 thanks given
    3. group 29 followers
    1. forum 893 posts
    2. attach_file 273 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

A Cowboy's Trading Journal

(login for full post details)
  #801 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Still holding TF short (still have 1360 as target) and it's not an easy task...I don't know how @tigertrader does it.

Mean while collected 100 ticks on CL short, that was a surprise move.

Current positions TF short and ZN long.

Edit: Crap, it boils down to which to hold and when to hold and when to fold OIL I would have got another 40 ticks, now I am sure it will reach my target area. TF bounced since I am holding it.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #802 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Put a break even stop on ZN.

Sold mini Russel with weekly high as my mental stop.



Edit: Stopped out of ZN long overnight. Will try to enter again if I get a chance today.

Damn it still working on that TF. Not an easy thing to hold, my head is going to explode.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #803 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received

Just a reminder:
Keep in mind that we are approaching the date of the Russell's return to the CME.
So in general the days around that might get a bit rough for the asset.

Russell 2000

Good trades!

Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #804 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


choke35 View Post
Just a reminder:
Keep in mind that we are approaching the date of the Russell's return to the CME.
So in general the days around that might get a bit rough for the asset.

Russell 2000

Good trades!

I remember that and waiting for it happen but don't know how it's going to respond. I might get out before jobs and see if I can re-enter.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #805 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Closed TF for some 25 points and opened TZA to see if my idea is still valid or not but with minimal risk and reward.


Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #806 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Hoping ZN to explode higher hence added on to my long position with average of 125`02. Since I don't know how to trade TF before the CME switch I added on to my TZA position.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #807 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Hoping ZN to explode higher hence added on to my long position with average of 125`02. Since I don't know how to trade TF before the CME switch I added on to my TZA position.

LOL, explode might not be the right word here.

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #808 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Still holding ZN long and TZA short (might try to enter RTY short). I will be very comfortable if ZN closes above 5SMA on daily basis. Nothing changed on RTY weekly chart but it is taking more time than I expected.




Will see if OIL holds that area if it holds then I will enter for swing long at VAL.


Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #809 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Wow! Looks like I can't trade RTY on IB yet...not expecting this at all :-(

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #810 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Moved my stop on one ZN contract to BE+1. Will see how this works out based on that will add back that contract

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #811 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Moved my stop on one ZN contract to BE+1. Will see how this works out based on that will add back that contract

Sent from my ONEPLUS A3000 using Tapatalk

Sold ZN but placed an order to re-enter


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #812 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Sold ZN but placed an order to re-enter


I have this uncanny ability to miss these kind of moves... Can't help it. Original plan was to take one one contract at 125'10 and keep the other.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #813 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

I believe this triangle is going to be key with 46.20 as key level.


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #814 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Shorted oil via QM August contract as per plan

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #815 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Shorted oil via QM August contract as per plan

Sent from my ONEPLUS A3000 using Tapatalk

Oh boy that 46.20 is one tough nut to crack, ideally I would like to see price to close below that for my short to work for more gains.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #816 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Still holding ZN long and TZA short (might try to enter RTY short). I will be very comfortable if ZN closes above 5SMA on daily basis. Nothing changed on RTY weekly chart but it is taking more time than I expected.




Very close to being wrong on this but recently I learned that your entry should be very near to where you will be wrong so going to keep this short on TF and see if I can get out without much damage.

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #817 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Might be freaking mistake but I want to cut down my misery so closed QM short for some profit.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #818 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

That Oil short close was better, I didn't trade oil as I generally don't trade on oil on report days. On the other hand I still have my mini Russell (TF) short underwater, tested 5SMA yesterday and bounced back, I am getting torn between swing and day trading. One thing I want to do is formulate a BIGGER PICTURE and trade in that direction multiple times. I am doing good job of formulating BIGGER PICTURE but not able to trade (I mean add or remove contracts) in that direction multiple times as I am still not ready to increase size.

These are few swing trades I missed

1. I was in NQ long at 5585 now it's 300 points up, I closed it for 20 points
2. I was again in ES long but closed for 12 points
3. I was in ZN long closed again for small profit when compared to where it is now
4. I was in VIX future trade before that drop but again closed for small profit
5. I am in this TF short, gave multiple opportunities to close for nice profits but didn't took it because I missed the above trades and don't want to miss

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #819 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

I want to say short oil but when I want to short I want to do it VAH but oil is at VAL but still looking like a short to me. Will see if I can get a chance to short at VPOC or VWAP.


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #820 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Miss on oil, just didn't reach my entry and I was adamant to adjust.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #821 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

This TF trade is one of the frustrating trade... Just closed one from 1440 for some profit.


Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #822 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

https://traderfeed.blogspot.com/2017/07/why-we-overtrade-and-why-we-miss.html?m=1

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #823 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Ridiculous manipulation in OIL, I got face ripping rally yesterday on my short luckily I held the short but my brain started questioning everything and forcing me to close my position but I closed it as per plan for profit but just to see it went another 40 ticks once I closed my short

I am struck in Dollar long and EURUSD short but I am sure both will be winners just need patience.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #824 (permalink)
Legendary Market Wizard
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
 
GruttePier's Avatar
 
Posts: 1,716 since Dec 2013
Thanks: 4,333 given, 8,341 received

You stuck to your plan and took profit at your initial profit target. Well done!

It doesn't matter that price went 40 more ticks. You got your share, off to the next trade!


Sent from my iPhone using futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GruttePier for this post:
 
(login for full post details)
  #825 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

After four weeks of torture TF finally showing signs of weakness but I was not in it except for that TZA position but I took multiple 10 point profits on TF though and will be looking to short but I hate to short in the HOLE...I took a short in ES, hoping it will follow TF, let's see.




Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #826 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Ridiculous manipulation in OIL, I got face ripping rally yesterday on my short luckily I held the short but my brain started questioning everything and forcing me to close my position but I closed it as per plan for profit but just to see it went another 40 ticks once I closed my short

I am struck in Dollar long and EURUSD short but I am sure both will be winners just need patience.

My Euro short and Dollar long showing some signs of life here.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #827 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
My Euro short and Dollar long showing some signs of life here.

Sent from my ONEPLUS A3000 using Tapatalk

Got out of Dollar long and some Euro short. Good trade.

These days I am not even looking at charting software just my TOS mobile, maybe I am getting lucky.

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #828 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

It definitely needs lot of energy to break that 1400 level




Will this be possible on Dollar?


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #829 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
After four weeks of torture TF finally showing signs of weakness but I was not in it except for that TZA position but I took multiple 10 point profits on TF though and will be looking to short but I hate to short in the HOLE...I took a short in ES, hoping it will follow TF, let's see.

Update:

Still holding ES short but when every damn dip is getting bought it's tremendous pressure on mind to hold especially a short for bigger gains. But, if it's not hold then I will succumb to revenge and over trading.


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #830 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Closed all positions for profit, waiting to re-initiate.

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #831 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Closed all positions for profit, waiting to re-initiate.

Initiated dollar long with BE stop. I am kicking myself for not initiating shorts overnight, especially when I placed orders and canceled. I believe selling is not done yet but can't initiate shorts at bottom... Maybe this time different, we will see.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #832 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Put a break even stop on ZN.

Sold mini Russel with weekly high as my mental stop.



It took freaking 44 days to reach my target but unfortunately, I am not in this last leg. I am glad I took multiple profits in the mean time so, am I just got lucky or finally getting hold of this swing trading?

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #833 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Initiated dollar long with BE stop. I am kicking myself for not initiating shorts overnight, especially when I placed orders and canceled. I believe selling is not done yet but can't initiate shorts at bottom... Maybe this time different, we will see.

Sent from my ONEPLUS A3000 using Tapatalk

Lost 12 points on TF trying to find bottom. It's close, after-all TF might reach 1360 or IWM (136) as I was telling all month. That 136 on IWM coincides with 200 SMA.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #834 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Lost 12 points on TF trying to find bottom. It's close, after-all TF might reach 1360 or IWM (136) as I was telling all month. That 136 on IWM coincides with 200 SMA.

I didn't dare to take long on Friday as I thought it's too risky to carry positions over the weekend especially when price is hovering at 200 SMA and geo political scenario is not good. More over I was very busy with some other things.

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #835 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Today is a good day some 32 TF points combined with TF and YM shorts since yesterday.

One thing I realized is not matter how patient I am, my entries are early and sometimes market turns on me up to my puke level but my direction is proving to be right. I am kind of doing top down approach

1. Look for weekly chart and anticipate the trade
2. Look for daily chart
3. Look of 4 hr chart and decide which way I want to go
4. Enter at extremes i.e HVA for shorts and LVA for longs
5. Most importantly be patient and be prepared to add if needed.

Edit: No trades, but I feel market is heavy and ready to go into full BEAR mode (of course, I have been thinking like this for ever and bulls are like oh really! and they BTFD).

As expected OIL bounced at 50 SMA, I wanted to see how this holds so didn't take any trade and IWM is again at 200 SMA, maybe this time it will visit that 134 area.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #836 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

1340 area might be a good area to initiate long


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #837 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

It didn't reach my level to initiate long but it bounced near last week low and 50 SMA on weekly (I know know...). Now, it is kind of looking like bear flag on daily chart so key levels would be breaking of that 50 SMA and last week's low.

Take FWIW...





Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #838 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Beauty here but didn't added it here as I wanted more confirmation, in my defense when Yellen and co are speaking it's very hard to take short positions.


Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #839 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

LOL, this is the trillionth time, market is resilient and I keep fighting just to top tick it and to see the reversal. Why why, instead of keeping quite and following the plan why I go with exotic/stupid strategies. Anyway, I am still short the market with TF and ES. I have 100 points in mind so will leave it there (hmm...I might come out with 10 points profits or BE as my mind is pretty much tired of fighting).

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #840 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Still bearish but now with manageable size...at one point had 8 contracts short on TF and ES (I know that's stupidity, but who knows suddenly crazy people started buying all 2000 components of Russel relentlessly for 3 days changing characteristics of this index).




KEY is EMOTIONS and EMOTIONS can be controlled by SIZE but NO size NO GAINS, we will be in this circle forever and ever ever

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #841 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Still watching this DAX to understand how it trades....maybe one day if I ever move to Europe or Asia this might be useful

DAX hitting resistance, we will how this goes.


Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #842 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Bought USD based on weekly but will have a stop for overnight protection.


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #843 (permalink)
Perth AUSTRALIA
 
 
Posts: 253 since Jun 2017
Thanks: 79 given, 87 received


bmtrading9 View Post
KEY is EMOTIONS and EMOTIONS can be controlled by SIZE but NO size NO GAINS, we will be in this circle forever and ever ever

this is especially hard during losing streak where i hv to start reducing size and putting myself into a even steeper climb....

so difficult!

cheers
DarrenC

Reply With Quote
The following user says Thank You to NerradC for this post:
 
(login for full post details)
  #844 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

That's why these days I am having so much trouble in reading OIL, yesterday this OIL was looking like to breakout this weekly triangle and today it's looking like going to breakdown. No real edge in OTF here. It MUST be NEWS, any good NEWS related services?

Weekly



Daily


Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #845 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,260 since Nov 2011
Thanks: 7,147 given, 4,379 received


bmtrading9 View Post
That's why these days I am having so much trouble in reading OIL, yesterday this OIL was looking like to breakout this weekly triangle and today it's looking like going to breakdown. No real edge in OTF here. It MUST be NEWS, any good NEWS related services?



Weekly







Daily






Mid September I will be starting with https://www.tradethenews.com/ ... a trail to start off wth.

They are the cream of the crop. For example, you can even ask them questions if you see a move happening like in CL or whatever market and they will give you their best info relating to perhaps why it is moving like it is. This part is not for educational questions so I was told understandably.

If you are interested email Jessica at Jessica@tradethenews.com she is who I am dealing with. But like I said I have not signed up with them yet and have zero ties to them.

Ron


Sent from my iPhone using futures.io

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Blash for this post:
 
(login for full post details)
  #846 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


Blash View Post
Mid September I will be starting with https://www.tradethenews.com/ ... a trail to start off wth.

They are the cream of the crop. For example, you can even ask them questions if you see a move happening like in CL or whatever market and they will give you their best info relating to perhaps why it is moving like it is. This part is not for educational questions so I was told understandably.

If you are interested email Jessica at Jessica@tradethenews.com she is who I am dealing with. But like I said I have not signed up with them yet and have zero ties to them.

Ron


Sent from my iPhone using futures.io

Thanks Ron, You are always happy to help us, really appreciate it.

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #847 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bmtrading9 View Post
Bought USD based on weekly but will have a stop for overnight protection.


I didn't realize I bought September contract so closed that for small profit. I will analyze and reenter the position later (Generally when I do this I keep missing the trades though...)

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #848 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

It's been a long time since I posted here in this journal.

ONE MUST ADAPT ELSE WILL DIE IN THIS BUSINESS.

I want to scalp/trade ZB and ES, I have my own reasons for choosing these instruments. I guess every trader must start from there i.e To find out which instrument is RIGHT for your personality and your environment.

With current conditions ES is also bad so I want to eliminate it for trading but unfortunately I can't eliminate it to watch.

I guess my mindset and my personal environment is well suited for SLOW moving instruments.

Today, I started trading ZB but I did overtrade it and still ended up positive on ZB but monkey in my mind traded ES too and it ended up as a loss. So, KEY here is to findout which instrument will respect levels.

Hope everyone is doing fantastic.

Follow me on Twitter Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #849 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,260 since Nov 2011
Thanks: 7,147 given, 4,379 received

Hey bro... what's going on?...how are you?......miss you....................

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
(login for full post details)
  #850 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


Blash View Post
Hey bro... what's going on?...how are you?......miss you....................

Ron

Thanks for remembering Ron, I just saw your message. I will be back soon need to fix few things. I just need one hour of proper time with no distraction for trading and I should be fine. I am working towards getting that one hour of time. Just need to keep it simple as it was mentioned many many times by experts.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #851 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received



Traded SIM after many months. Still having this runner on YM will get out at ES 2806 or 2810.

This is how I want to trade for one hour and have a runner left. What I realized was need size (Up to 7 contracts...I strongly don't suggest this as I am still experimenting in SIM) to reach daily target once you reached target you will have some wiggle room to leave a runner. I know it's not a pretty picture with many trades but as MLM says who cares bottom line is are you making money or not.

Follow me on Twitter Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #852 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received



Reached target on SIM.

I know it doesn't matter but if you can't even win consistently on SIM then there is no need to put real money right?

Wanted to double down the target but right now acting too erratic. will wait for Europe close and see.

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #853 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,260 since Nov 2011
Thanks: 7,147 given, 4,379 received

@bmtrading9

I have to be totally honest my brother.... I miss you.....

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Blash for this post:
 
(login for full post details)
  #854 (permalink)
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,034 since Jan 2015
Thanks: 5,029 given, 3,631 received


Blash View Post
@bmtrading9

I have to be totally honest my brother.... I miss you.....

Ron

me too..

--------
Chipps
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to chipps1983 for this post:
 
(login for full post details)
  #855 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,253 since Jan 2013
Thanks: 47,677 given, 20,983 received


Blash View Post
@bmtrading9

I have to be totally honest my brother.... I miss you.....

Ron


chipps1983 View Post
me too..

Three!

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #856 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


Blash View Post
@bmtrading9



I have to be totally honest my brother.... I miss you.....



Ron

Thanks Ron! I am in the middle of job and location changes so not able to concentrate on trading but consistently in my mind though... Sometimes taking that long break definitely helps. I am seeing it, next step would be MICRO'S, just need to settle in then I will be back. Thanks for remembering me.

Sent from my ONEPLUS A3000 using Tapatalk

Follow me on Twitter Reply With Quote
The following 7 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #857 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Wow! It's been FIVE years since I started this thread. I read my FIRST post and realized nothing CHANGED (of course, I am talking wrt trading) in my mindset except very FEW but IMPORTANT.

1. CONTEXT is still KING
2. Still trying to find falling knives but I am MINDFUL of that fact
3. PULLBACK trades are way better for your mind and body than REVERSIONS
4. ORDERFLOW/TAPE kind of helps to read CONTEXT when you are trying to ENTER or EXIT trade
5. Trading using SUPPLY and DEMAND
6. IT IS ALWAYS ABOUT LEVELS THAN WINNING
7. DON'T CHANGE METHODS
8. PRACTICE PRACTICE PRACTICE


If anyone wants to learn anything from my experience then it's those last THREE points...Unfortunately, I still do ignore my own suggestions, but a path to improvement is recognizing the problem.

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

What happened ?

1. I started back to trading after long long break but my timing was impeccable...COVID hit the world, that changed the CONTEXT
2. Fortunately I started with SIM trading using Bookmap, but I really didn't understand what I was doing wrt to orderflow and Bookmap. I was adding contracts and removing contracts but somehow due to volatility I had winning DAYS, I doubled 50K account...I was top of the world because I was never able to do it even in SIM trading.
3. I started trading Micro ES (this is GOD gift for futures traders) and reality hit me, I always have impeccable timing of choosing wrong days to trade.
4. I discontinued using Bookmap but that curious monkey in me always want to understand WHY behind it so now I have Jigsaw DOM.
5. Again started on SIM doing very good
6. Started real trading with Micro ES and did good this week (knock on wood). I might pause trading until this election and volatility settles in.

Will try to post my SIM/REAL trades to track progress...

I will also summarize my method later, it's nothing new ...lot of good traders already mentioned it million times.

Follow me on Twitter Reply With Quote
The following 8 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #858 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

I am trying to minimize my DRAWDOWNS and MAE's...that would be critical going forward for me.

In order to achieve that, I MUST RECOGNIZE if a trade is WORKING or NOT very very QUICKLY.


Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #859 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,253 since Jan 2013
Thanks: 47,677 given, 20,983 received


bmtrading9 View Post
Wow! It's been FIVE years since I started this thread.

Hi, good to see you back. Glad things have gone well with you.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #860 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Finally, I was able to record a video and publish it on YouTube. If time permits I would like to create a video log of how I am trading.

Note: This is SIM trade.


Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #861 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Today no liquidity at all, just trying to calm down my nerves...Here is is today's video log...just two trades, one loss and one win.


Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #862 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Today I was able to do FOUR SIM trades, until I get rid of my Trade #3 issue, I have to be careful.

Trade 1 - Winner



Trade 2 - LOSS



Trade 3 - BIG LOSSER to BIG WINNER, In my defense I would have closed it early but had lot of issue with mouse etc. this type of trading is clearly an issue for me. I wanted to capture this on video and I am glad I got it.



Trade 4 - Winner



Hope that I will learn something from these videos

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #863 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,253 since Jan 2013
Thanks: 47,677 given, 20,983 received


bmtrading9 View Post

Hope to learn something from these videos

Doesn't seem to be anything there....

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #864 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


bobwest View Post
Doesn't seem to be anything there....

Bob.


I changed to private, thinking accidentally recorded my regular browsing:-), but looks like I am fine and changed it public.


Sent from my iPhone using Tapatalk

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #865 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Was able to trade for real this week, slowly getting back...




Today, I was trailing nice and with one sudden drop market took half of my profits. But no regrets, If I can re-create this consistently then its all worth.



Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #866 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Did little bit of overtrading today, read market well, just not able to hold on to the trades. Overall good day.




Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #867 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,260 since Nov 2011
Thanks: 7,147 given, 4,379 received

Ahhhhhhhh...... So Glad to see you back bro....

Can't wait to watch your videos..... Feels like home again with you here..... I'm going to be more active here at FIO too now.



Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Blash for this post:
 
(login for full post details)
  #868 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received


Blash View Post
Ahhhhhhhh...... So Glad to see you back bro....

Can't wait to watch your videos..... Feels like home again with you here..... I'm going to be more active here at FIO too now.



Ron


Thanks Ron!! Appreciate your encouragement.


Sent from my iPhone using Tapatalk

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #869 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

These are my levels I am watching today...idea is to keep it very simple

1. Plot supply & demand levels using previous DAY and ON along with Y_Low, Y_High and Y_Close - Solid BLACK & WHITE
2. Watch how price behaves at these levels
3. Execute at PULLBACKS using order flow - THIS IS GREAY AREA - This is where my mind falters

NOTE: Levels DOESN'T matter when OTF enters the market, but DOM, LIQUIDITY and ORDER FLOW gives us clue




Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #870 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

This is better picture



This is it for the day, didn't do overtrading.



Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #871 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

These are todays supply and demand levels along typical levels (Y_Low, Y_High_Y_Close, VWAP, VPOC, ORH and ORL)...yesterday played out well

Again creating levels is EASY, executing is tough.





Closed at 40 ticks by noon and saw market flushing down, thought I have to get in, tried to trade at my levels but sometimes it's real tough when market is flushing down, you need to wait, you might not get proper price but it's worth the wait....

In short, I lost all my 40 ticks but held on to the trade and got back twice...still not happy with my execution.


Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #872 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

These are the levels I am looking at today, today I have to be extra careful, don't want to get in catching falling knives...

One change I noticed in my view is - I am getting better at NOT having a BIAS.

See where price is at my levels, watch order flow, take trade, either stop out or take profits quickly

So it all BOILS DOWN TO

Nailing entries and and KNOWING what your risk / reward is before you enter a trade is key. If stopped out MOVE ON, if not comfortable taking trade, just SHUT IT DOWN, market will be here next day too...




I was able to trade properly today, levels held up nice, but I was not in front of system to put a trade (maybe that's a good thing)...was able to short in the morning then added few longs later



Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #873 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Trading on Friday is not my strength, in fact all my worst losses are on Friday, so I am being very careful today, I might go back to SIM trading today.

These are my levels...My thinking is if price goes below the box, longs should be very careful.

I have to learn how come up with scenarios, where PRICE will open, scenario1, scenario2 and scenario3 like FT7, but then I am thinking that will make me to form a bias and when I form a bias its very hard for me to get rid of the bias and accept the fact so not sure if that's a right idea.




I was scared to tradet today but was able to trade, not easy, but was manage to get GREEN, so SHUT IT DOWN.



This is for whole week Total ticks +248



Note: I am posting here just to hold me accountable, not to boast...If I can make anyone can make...

Next week is another week, but PROCESS should be SAME....CONSISTENCY is the KEY lets see.

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #874 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

This will be a slow week (self note)

Process is same

1. Watch LEVELS (EASY)
2. Watch ORDER FLOW at LEVELS (GREY AREA)
3. Execute trade (TOUGHEST part)
4. Not confident? - SHUT IT DOWN, Walking away when not feeling right is an important SKILL




To summarize my trading today

Discipline -> Shit -> OK -> Deep Shit -> OK -> Neutral



Finally was able to close out with few positive ticks


Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #875 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

These are the levels I am watching...





Not a good day of trading, missed whole morning session then was going good and then made a mistake of taking a breakout trade, I was in profit and wanted to close immediately realizing my mistake but somehow I forgot which button to click on DOM (I know, I know...) and price reversed on me and I was never able to recover...






Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #876 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

This is exactly what we want to achieve as traders.

Note: I am not affiliated to anyone, posted because matching my definition of trading success.


Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #877 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Just three trades today, I shut it down as I didn't want to loose what I got





Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #878 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Only three days of trading last week...

Total ticks - +4

This week got to be careful because all the big players will be back.

GOAL for THIS week - LESS NUMBER OF TRADES/DAY






Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #879 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Just TWO trades, made mistakes though...





Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #880 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

When market is at ATH, I don't know how to trade, I always have a fear that market is going to puke on me, lets see how I handle this.

Trying to get base hits, today missed the initial rip then was able to get some hard way...

Method is same, consistency is key, low risk entry and exit if its not going in your way







Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #881 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

I am done before market open, I have some work so can't trade anymore today.




Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #882 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Yesterday I started with loss, its real difficult to dig out of hole, we all know that, that's we have to be extra careful to get that first trade success.

As hour progressed I dig that hole little deeper but finally was able to climb the hole and close at NET ZERO plus commissions.

I know I am paying commissions but I am considering this as training.

My goal is to train my mind to trade for ONE to TWO hours, reach my GOAL, shut it down and move one with my life.






Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #883 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Here old but excellent book on tape reading.

https://ia800203.us.archive.org/14/items/studiesintaperea00wyckrich/studiesintaperea00wyckrich.pdf

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #884 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Posting it to be transparent, my Friday trading CURSE continuous...UGLY UGLY loss, lost all of the gains so far and maybe more too...

Back to square one? When I though I am getting it, market finds a way to teach.

Reasons

1. Having a bias based on news
2. Removing stops
3. Not accepting loss and coming back
4. FIGHTING the TREND

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
(login for full post details)
  #885 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,260 since Nov 2011
Thanks: 7,147 given, 4,379 received


bmtrading9 View Post
Posting it to be transparent, my Friday trading CURSE continuous...UGLY UGLY loss, lost all of the gains so far and maybe more too...



Back to square one? When I though I am getting it, market finds a way to teach.



Reasons



1. Having a bias based on news

2. Removing stops

3. Not accepting loss and coming back

4. FIGHTING the TREND



All good my brother. Keep it up. You are doing GREAT.

Take a look at this book I completely love....

“There’s a name for this: Resulting. When people result, they look at whether the result was good or bad to figure out if the decision was good or bad. (Psychologists call this “outcome bias,” but I prefer the more intuitive term “resulting.”) We take this resulting shortcut because we can’t clearly “see” whether the decision was good or bad, especially after the fact, but we can clearly see if the outcome was good or bad. Resulting is a way to simplify complex assessments of decision quality. The problem? Simple isn’t always better. Decision quality and outcome quality are, of course, correlated. But not perfectly, at least not in most decisions we make, and certainly not when we have only one try at the decision. The relationship between the two can take a long time to play out. RESULTING A mental shortcut in which we use the quality of an outcome to figure out the quality of a decision. In a single instance (I quit my job and it turned out horribly), it’s hard to say if a bad outcome (or a good one) was because of the quality of the decision. Sometimes we make good decisions and they turn out well. Sometimes we make good decisions and they turn out poorly. You can run a red light and get through the intersection unscathed. You can go through a green light and get in an accident. This means that working backward from the quality of a single outcome to figure out whether a decision was good or bad is going to lead to some poor conclusions. Resulting can make you think that running red lights is a good idea.”

— How to Decide: Simple Tools for Making Better Choices by Annie Duke
https://a.co/eaEnX0q

Ron


Sent from my iPhone using futures.io

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Blash for this post:
 
(login for full post details)
  #886 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

I believe it's time for me to face the reality, I started posting on this journal again to make myself accountable and transparent. I was doing good until last Friday or is it an ongoing issue, not sure.

Last Friday, I somehow ignored my TWO most important rules of day trading

i.e 1. NO BIAS just trade what you see
2. NO TRADING OPEN

I broke my first rule for the FIRST TIME in a long time (Hindsight, I am RIGHT, if I held that short for two more days, I would be looking at huge gain)
I broke my second rule multiple times but it's based on context.

Anyway I was able to recover and trade consistently this week. Friday, I am going to take a break, I don't want Friday to screw me again

The main idea is to prove myself that I can trade consistently and move from MES to ES.

I need to take following actions in order to do it

1. Set up a daily loss limit at brokerage level
2. Set up a limit on max number of contracts traded at a time


December




Follow me on Twitter Reply With Quote
The following 6 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #887 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Next TWO weeks my main focus is on minimizing drawdowns and getting my entry right so that my MAE is low.

I SHOULDN'T WORRY ABOUT NUMBER OF ENTRIES, HOW MANY TIMES I GET STOPPED OUT ETC.





Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #888 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Day # 2 of my self challenge i.e not let trade get away from me

Max MAE = -4 ticks and Max DD = -$10




Follow me on Twitter Reply With Quote
The following 5 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #889 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Day # 3

MAE = -8 ticks (full stop) on ONE trade, I have to review video of this trade.





Taking a break for rest of the day as today is FOMC day.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #890 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received



Trade #2 - 09:43:01 - 09:45:52 - Win

Price reached my pre-market level to the tick and bounced, I have ONL below and another pre-market level at 78.

Noticed price struggling to go down, maybe right place to enter a pull back trade..price started to go away with more bids so entered trade at 82.50

Ready to exit trade if price starts to move away from me…price not able to move below 82 so confidence kicked in…

VPOC is the hurdle here, price can reverse on me quickly if it can’t get above VPOC…

Moved stop to 4 ticks

Saw price struggle to go down at VPOC, added TWO more contracts at VPOC (not a proper place to enter a trade)

Ideally enter trade at imbalance and exit at balance, this is reverse of that process but that’s fine as this is pull back trade based on ORDER FLOW.

Closed one contract and moved stop to 8 ticks profit, wanted vwap….have to be careful since it is a pull back so closed the trade…

Trade #3 - 09:47:49 - 09:48:24 - Loss

Entered at WRONG location just below VWAP because of FOMO of breakout….

Nothing more to explain here, wrong entry…

Thought price will hold 84, it held but STOPPED out

Trade #4 - Win

Saw Price holding 84 so entered the trade again at 84.25 and exited because of fear of losing again.

Trade #5 - Win

Took trade at VWAP with target a Yesterday high but closed after

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #891 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Day #4 - 12/17/2020

Not great day of trading, stopped out many times, chimp kicked in, did shut it down and move away to save the day.




Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #892 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Day # 5 - 12/18/2020

It's FRIDAY - Initially didn't want to trade, but thought I should get over this FEAR so traded




Follow me on Twitter Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #893 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Day # 6

Market dynamics changed, I recognized that fact and was cautious and reached my goal in pre-market itself. I should have shut it down but I didn't and paid the price.

Got stopped out multiple times, recovered back and gave it back more, and now I am walking away, I should have done this once I reached my goal.

Monkey brain. I need to adjust the rules for number of stops, I will adjust it.

I am planning to enroll in to a combine and start trading ES.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
(login for full post details)
  #894 (permalink)
Legendary Market Wizard
Atlanta, GA, USA
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
 
Posts: 1,833 since Mar 2013
Thanks: 2,987 given, 2,151 received

Little update...

Just TWO full trading DAYS into NEW YEAR and it feels like I did enough damage to my psychology...

Before entering new year, I knew market DYNAMICS will CHANGE but what I didn't expect is to retrace whole months VALUE in ONE hour....

01/04/2021

Started combine and blew it off...NO BIG DEAL, expected this but I am surprised to see it happened in ONE day

Real MES trading - went into HUGE LOSS, closed with SMALL profit.

01/05/2021

Combine - Reset - $400 LOSS

Real account MES - 36 tick profit

My brain says WTF YOU ARE DOING....ONE OF THE KEY IN TRADING IS ADAPTING

1. Move to MES in combine
2. FIVE min charts retraces are KEY

Follow me on Twitter Reply With Quote
The following user says Thank You to bmtrading9 for this post:


futures io Trading Community Trading Journals > A Cowboy's Trading Journal


Last Updated on January 6, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge!

February
 

Battlestations!

March
     



Copyright © 2021 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