Muttoez Trading Journal (Page 6) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


Muttoez Trading Journal
Started:April 1st, 2016 (08:47 PM) by muttoez Views / Replies:8,413 / 284
Last Reply:Yesterday (04:23 PM) Attachments:5

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
 5  
 
Thread Tools Search this Thread

Muttoez Trading Journal

Old April 28th, 2016, 06:29 PM   #51 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of April 28 Trading Action

No trades today.

Strong gains today in both Gold and Feeder Cattle.

Here are my comments on my open positions based on the day’s price action.

QO – Mini Gold

Trade: Long 1 contract of Jun Mini Gold
Entry Price: $1,230
Risk: stop placed at $1,215.25 risking $737.50
Target: $1,600

Daily Comment: Gold surpassed the 61.8% retracement mark today and closed above the right shoulder to negate the head and shoulders pattern. I am looking for follow through buying tomorrow to confirm the break.

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


GF - Feeder Cattle

Trade: Short 1 contract of May Feeder Cattle
Entry Price: $1.4625
Risk: stop placed at $1.4865 risking $1,200
Target: Target $1.28

Daily Comment: Feeder Cattle broke lower today with prices trading limit down and posting a new closing price low.

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 user says Thank You to muttoez for this post:
     

Old April 28th, 2016, 06:31 PM   #52 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of April 28 Trading Action

Here are my comments on the opportunities I’m watching based on the day’s price action.

SB - Sugar

Sugar traded back down through the 61.8% retracement mark during the session. Prices finished off the lows posting a candle with a lower shadow and closing back at the 61.8% retracement mark.

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


CL – Crude Oil

Oil continued higher again today and is now within a whisker of the 200 SMA. We may see the test of this level tomorrow.

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


ZC – New Crop Corn

Corn surpassed the 200 SMA during the session but finished off the highs posting a candle with an upper shadow and closing at the 200 SMA.

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

Reply With Quote
     

Old April 29th, 2016, 06:35 PM   #53 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of April 29 Trading Action


No trades today.

Strong gains again today lead by Gold.

Here are my comments on my open positions based on the day’s price action.

QO – Mini Gold

Trade: Long 1 contract of Jun Mini Gold
Entry Price: $1,230
Risk: stop placed at $1,215.25 risking $737.50
Target: $1,600

Daily Comment: Gold confirmed the break of the 61.8% retracement mark today trading up strongly to new highs and posting a bullish full bodied candle. Prices paused at the psychological $1,300 level today but once this level is broken prices could trade quickly up to the 161.8% extension at $1,333.

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


GF - Feeder Cattle

Trade: Short 1 contract of May Feeder Cattle
Entry Price: $1.4625
Risk: stop moved to $1.4625 risking $0
Target: Target $1.28

Daily Comment: I moved my Stop to break even at the stat of the session after yesterday’s limit down move.

Feeder Cattle opened lower posting another new low. Prices recovered throughout the session but could not hold onto the gains closing slightly lower and posting a doji candle.

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 user says Thank You to muttoez for this post:
     

Old April 29th, 2016, 06:37 PM   #54 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of April 29 Trading Action

Here are my comments on the opportunities I’m watching based on the day’s price action.

SB - Sugar

Sugar was up strongly today and looks to have broken the 61.8% retracement level posting a bullish full bodied candle.

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


CL – Crude Oil

Oil intersected with the 200 SMA during the session but could not surpass this level posting an indecisive doji candle.

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


HG – Copper

Copper surged higher today surpassing the 200 SMA again and posting a bullish full bodied candle.

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

Reply With Quote
     

Old April 30th, 2016, 07:57 AM   #55 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Month In Review - April 2016 Part I

Futures Edge on FIO
A very strong finish on the last 2 days of trading in April helped erase almost all my losses for the month. I finished the month with an overall loss of 1.6%.

My trading was very active in April. I suspect the new journal had a part to play as the journal has helped me get into a more regular routine with my market analysis and decision making. I believe this has also led to overtrading and taking positions which may not have been the highest quality. This is something that I am now more aware of and will need to manage moving forward.

My risk management was also very active in April which I also suspect the journal had a part to play in due to the public nature of the process. I micromanaged my stops more than I do usually which has led to positions moving in my favour after being stopped out despite the original stop placement never being challenged.

I’ll start the monthly update with comments on the positions I am still holding at the end of the month.

QO – Mini Gold

Gold finally found direction in the last week of April after trading sideways for most of the month. Prices broke out to the upside and surpassed the 61.8% retracement mark with impulsiveness to finish the month. This has allowed me to my stop up to the level I would use for the 61.8% retracement break to lock in some of the profit on the trade.

It looks as though the uptrend in Gold has resumed and I am looking for prices to trade up to the 161.8% extension at $1,333 in the coming weeks.

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


GF - Feeder Cattle

Feeder Cattle finally broke out of the 4 month rectangle channel during the month. Prices have continued to accelerate to the downside since the break finishing the month at new lows. This has allowed me to move my stop to break even.

I am looking for prices to trade down to the 161.8% extension at $1.28 in the coming weeks.

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 user says Thank You to muttoez for this post:
     

Old April 30th, 2016, 08:05 AM   #56 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Month In Review - April 2016 Part II

Next is a review of my closed trades during April.

ZL – Soybean Oil

My initial trade in Soybean Oil was very good. It was a great setup and I followed all the rules. The trouble came when I attempted to pyramid the position after it became a solid winner. This only led to being whipsawed around and giving back a large chunk of the gains made on the original position. These losses were further exacerbated through poor order management.

Since I exited the trade prices looked to have surpassed the 61.8% retracement mark with impulsiveness only to quickly turn around and trade lower and break the 40 SMA. I am now neutral where Soybean Oil is concerned.

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


SB – Sugar

My trade in Sugar was also very good. It was a great setup and I followed all the rules. While there is an argument that I could have exited the position when prices came up to the 61.8% of the contract range which was a potential source of resistance, this is an example of a decision that is much easier to make in hindsight.

The decision to exit the trade when it broke key support was a good one and saved giving back anymore of the gains on the trade as prices continued to move lower after the break.

Since exiting the trade Sugar has found a bottom and has resumed its uptrend. Prices have struggled to surpass the 61.8% retracement of the recent range but Sugar rallied strongly to finish the month and looks like it may have finally surpassed this level. Confirming price action is required early next and I may look at potential areas to enter the trade should this occur.

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


DX – US Dollar Index

This is an example of a trade that I micromanaged that has come back in the direction of my trade. Since being stopped out of the trade prices have never tested the 61.8% retracement mark used as the basis for entering the trade and have continued their downward momentum finishing the month at lows not seen since August 2015.

Whilst saying this, there is also the argument that the risk involved when I entered the trade was too high hence the reason why I was so quick to move the stop down to a point where the risk was more manageable. In cases like this I would be better served waiting for a retest to enter the trade with lower risk or passing on the trade altogether.

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


ZN – US 10 Year Notes

This is an example of a poor trade made even poorer through errors and bad decision making. I originally entered a Short position when prices traded up to the 61.8% retracement mark which is not one of my usual trade setups. The idea that this level might act as resistance was more of a possibility rather than a trade setup and I should never have entered into a position based on this. I almost got out of it unscathed when I decided to exit the trade at breakeven but poor order management put me into a long position which I should have closed immediately upon learning of the error. I let the erroneous trade play out and ended up making a loss on a trade I should never have been in in the first place.

Since exiting the trade the Notes have continued lower but found some support to finish the month. I am neutral where the Notes are concerned at this stage.

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


ZM – Soybean Meal

A good trade setup and I followed all my rules on the entry. There is an argument that I exited the trade without giving it sufficient room to run as the 61.8% retracement level used as the basis for entering the trade has not been challenged at this stage. However, the position was subject to extremely high volatility that I wasn’t comfortable holding through so I am happy with my decision to exit the trade regardless of what has happened to the price since that decision.

Soybean Meal was testing the July 2015 highs to the finish the month and the evidence at this point suggest that prices will continue higher towards the 161.8% extension at $370.

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


HG – Copper

This is another example of a micromanaged trade. After being stopped out of the trade Copper rallied strongly to finish the month exceeding the 200 SMA with impulsiveness. The recent high at $2.325 needs to be broken for further confirmation of a bullish break.

Again there is the argument that the risk involved when I entered the trade was too high hence the reason why I was so quick to move the stop up to a point where the risk was more manageable. In cases like this I would be better served waiting for a retest to enter the trade with lower risk or passing on the trade altogether.

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 user says Thank You to muttoez for this post:
     

Old April 30th, 2016, 08:10 AM   #57 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Month In Review - April 2016 Part III

To finish the monthly review I will comment on some other markets that I am watching for potential trades in May.

CL – Crude Oil

Oil rallied strongly during April. Prices finished the month at the falling 200 SMA which is a potential level of resistance. There is also a major 61.8% retracement level just above the 200 SMA at $48.57 which could provide further resistance. My preference at this stage is to trade Oil from the short side at these levels but a long trade could also be on the cards if these levels can be surpassed. This is market that I will be watching closely in May.

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


ZC – New Crop Corn

Corn attempted to stage a bullish break during the month surpassing the 200 SMA after a long downtrend. Prices quickly failed this level but have traded back to finish the month at this level. I would prefer to see prices surpass the 61.8% retracement mark of the previous high and low at $4.15 before drawing the conclusion that a bullish break has been staged.

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


HE – Lean Hogs

Hogs failed the 200 SMA during April negating the potential bullish break. Prices finished the month strongly surpassing the 200 SMA once again on the back of thoughts of increased demand from China for US pork. I am looking for prices to break the 61.8% retracement of the recent range at $81.98 with impulsiveness to draw a bullish conclusion where Hogs are concerned.

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


KC – Coffee

Coffee was unable to hold above the 200 SMA during April negating the potential bullish break and finished the month on a bearish note. I am neutral where Coffee is concerned at this stage.

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


CC - Cocoa

Cocoa prices rallied strongly throughout April and appear to have broken the 61.8% retracement of the recent range with impulsiveness to finish the month. If the bullish signal is credible prices could continue to the 161.8% extension at $3,860.

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

Reply With Quote
     

Old May 2nd, 2016, 09:29 PM   #58 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of May 2 Trading Action

I re-established my Long position in Sugar today.

A small loss today with gains in Gold and Sugar offset by losses in Feeder Cattle.

Here are my comments on my open positions based on the day’s price action.

QO – Mini Gold

Trade: Long 1 contract of Jun Mini Gold
Entry Price: $1,230
Risk: stop moved to $1,242.50 risking $0
Target: $1,600

Daily Comment: Gold tested the previous high on the open before moving higher in the overnight session breaking through the psychological $1,300 level and posting new highs. Gold was unable to hold onto the gains posting an indecisive doji candle.

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


GF - Feeder Cattle

Trade: Short 1 contract of May Feeder Cattle
Entry Price: $1.4625
Risk: stop moved to $1.625 risking $0
Target: Target $1.28

Daily Comment: Feeder Cattle was higher today. Prices closed off the highs posting a candle with an upper shadow.

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


SB - Sugar

Trade: Long 2 contracts of July Sugar
Entry Price: 16.05
Risk: 15.48 risking $1,277
Target:

Reasons for entering the trade:

Technical: Prices have broken through the 61.8% retracement mark of the recent correction.

Fundamental: A supply deficit is currently forecast for Sugar production.

Daily Comment: Sugar was lower today. Prices closed off the lows posting a candle with a lower shadow.

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 muttoez for this post:
     

Old May 2nd, 2016, 09:30 PM   #59 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of May 2 Trading Action

Here are my comments on the opportunities I’m watching based on the day’s price action.

CL – Crude Oil

Oil backed off from the 200 SMA today posting a bearish full bodied candle.

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


ZC – New Crop Corn

Corn failed the 200 SMA again during the session put finished strongly to close above this level.

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

Reply With Quote
     

Old May 3rd, 2016, 06:45 PM   #60 (permalink)
Elite Member
Sydney + Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: InteractiveBrokers
Favorite Futures: Commodities
 
muttoez's Avatar
 
Posts: 286 since Mar 2016
Thanks: 12 given, 97 received

Review of May 3 Trading Action


No trades today.

A loss today with gains in Sugar outweighed by losses in Feeder Cattle and Gold.

Here are my comments on my open positions based on the day’s price action.

QO – Mini Gold

Trade: Long 1 contract of Jun Mini Gold
Entry Price: $1,230
Risk: stop moved to $1,242.50 risking $0
Target: $1,600

Daily Comment: Gold attempted to break through the psychological $1,300 level again during the overnight session. Prices were lower during the day session retesting the previous high once again and posting a candle with an upper shadow.

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


GF - Feeder Cattle

Trade: Short 1 contract of May Feeder Cattle
Entry Price: $1.4625
Risk: stop moved to $1.625 risking $0
Target: Target $1.28

Daily Comment: Feeder Cattle was higher again today but it is still trading below all of the falling moving averages.

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


SB - Sugar

Trade: Long 2 contracts of July Sugar
Entry Price: 16.05
Risk: 15.48 risking $1,277
Target: 18.42

Daily Comment: Sugar traded lower throughout the day but finished strongly to close slightly higher and post a candle with a long lower shadow.

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 muttoez for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > Muttoez Trading Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading in a glass box - a Discretionary Trading Journal treydog999 Elite Trading Journals 311 January 28th, 2015 02:03 AM
UBC Trading Journal - A day trading journey UmBillyCord Trading Journals 12 October 6th, 2014 06:43 AM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
Trading Trendlines Across Markets: Futures Trading Journal sahbmt Elite Trading Journals 135 June 26th, 2013 03:59 PM
AR01 Price Area Journal (Not a trading journal) AR01 Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 10:22 PM.

Copyright © 2016 by 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 2016-12-02 in 0.25 seconds with 20 queries on phoenix via your IP 54.197.75.176