Overnight trading journal - Trading Journals | futures.io
futures.io futures trading


Overnight trading journal
Started: by HoopyTrading Views / Replies:9,787 / 66
Last Reply: Attachments:80

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
 80  
 
Thread Tools Search this Thread
 

Overnight trading journal

  #11 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Sorry, here's sixth pic.

Attached Thumbnails
Overnight trading journal-whynotbutisittradesummarytotal0416to06032.png  
Reply With Quote
 
  #12 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

On vacation this week near the arctic circle (well, not that far, but cold enough it might as well be there), and so cannot close out the long-term sim trades I have left for this cycle of testing. But I did see that they would have been closed out had they been live orders sitting at the broker. In the brief update I got from a source yesterday, Aug CL broke the 50.68 level and went to over 51.x (target hit), and Oct GC went to ~1264.x (target hit). Both targets were about 100 tics from entry.

I'll get to see the results when I get back to trading PC next week. In the meanwhile, have been pondering about trading with music, and realized that music can help trading.

When I started this venture, I have always had music in the back of my mind, in drawing up strategies, thinking about plans, etc.

Here's how I attack my trading. With an attack song with lots of bass. Because trading truly can be a war.

https://www.youtube.com/watch?v=SlcUwUwjLrs

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

And here is what I compile my results to.

https://www.youtube.com/watch?v=cUchAD44xA8

(Because after all, there really must be some way out of here (said the joker to the thief.) There's too much confusion...we can't get no relief!)

Was Jimi Hendrix a trader? Hrmmm!


Last edited by HoopyTrading; June 10th, 2016 at 01:07 AM.
Reply With Quote
 
  #13 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received


Back from vacation, and here's what I've come back to. The open positions would have been closed had these sell orders been sitting at the broker.

First is CL.

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


It hit it's target of 50.69 on Tuesday. So that position would now be closed. But since I'm still in it in sim because the computer was offline, I just readjusted it to near the full retrace for this testing phase due to the large pullback to 50%. I'm liking the Fib pattern, and still have until end of July for it to get there since summer is nearing full swing now. I have a good feeling about this July 4th in the USA and people wanting to travel. I may close this one out fairly soon though and take a loss due to GC's recovery, if for anything but just to be able to take a break from trading and be flat. After all, flat is a position, and I could use a break lol.

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


A couple of notes about this GC trade...

A) I mistyped in a previous post where I said it was ~100 tick target on the Oct GC...It was ~200 on the Aug GC, not Oct. It would have been hit anyway on the ~76% retrace level from 5/30. If this were live, I'd take that money and run tomorrow night on Sunday with a sell market order at the broker. But since I now see where we are at, and with a statement like this...

"Earlier on Saturday, U.S. Treasury Secretary Jack Lew added his voice to a chorus of leaders from within and outside the EU about the risks of pulling out of the European Union. “I see only negative economic outcomes” if the U.K. votes to exit, Lew said in an interview to be broadcast on CNN’s “Fareed Zakaria GPS.” A Brexit would also put geopolitical stability at risk, Lew said."

...I'll stay in a bit more.

Hrmm! Geopolitical stability at risk? What happens when things like that crop up? People dive into gold. So I think the new target for 290tics is reasonable in this test, since we have until end of July for this one to get there also. Granted, what one person says means very little. But if you think about it, the EU is going to have tumultuous times if the U.K. does get out. The GBP is a very strong currency and I figure it has a lot of weight on the continent. If it goes away...*bristles*


Last edited by HoopyTrading; June 12th, 2016 at 12:49 AM.
Reply With Quote
 
  #14 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Got online and closed the GC trade, and am now watching my long Aug CL, down 35 tics on one contract.


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


I'm thinking it looks good.

(I closed out the GC because the fib levels look like they are going to peter out for the time being, and I need a serious break from that long position. GC smells like a down trend now. We shall see.)

Here's the Fibbo for GC, and I just don't like it on August for a long-term long at this point, no sir.

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



Here's the trade journal. Note the length of time it took to survive this pull-back in GC in the trade journal. Three weeks! But it recovered like gangbusters.

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


Last edited by HoopyTrading; June 12th, 2016 at 09:40 PM.
Reply With Quote
 
  #15 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Futures Edge on FIO

Which products do you trade?

 
Here's the running total thus far form 04/16,,,

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

Reply With Quote
 
  #16 (permalink)
Elite Member
Merced Ca USA
 
Futures Experience: Intermediate
Platform: TDA
Broker/Data: Datek :)
Favorite Futures: Futures
 
shortride's Avatar
 
Posts: 13 since Apr 2013
Thanks: 31 given, 2 received

That's how I trade

The strategy you are describing is somewhat how I trade. I start scaling in based on the strength of the original move; average 38.2, strong 23.6 really, really super strong 11.8 (not a Fib, but you would be amazed how well it works)

I use this strategy on /es, /cl and /gc it works best on /es by far. I use it on a 60 min or 15 min chart

The good news is, I believe it is the most profitable way to trade the /es. The bad news is someday I might end up long at the beginning of a huge drop that could do a lot of damage. So far( 3 1/2 years), it has always come back within a day or two and allowed me to get out even by averaging down.

It's a rough way to trade, sometimes I get tired of the stress and enter a stop and a target. Then I watch price head right to my stop, take me out then go straight up from there. So, back to scaling in I go.

My exit is supposed to be a 44% RE-retracement. However, I tend to take my profit too early a lot.

“Enter by the narrow gate; for wide is the gate and broad is the way that leads to destruction, and there are many who go in by it. Because narrow is the gate and difficult is the way which leads to life, and there are few who find it.

Last edited by shortride; June 13th, 2016 at 11:07 PM.
Reply With Quote
The following user says Thank You to shortride for this post:
 
  #17 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Well, cows are dead. Went in a long on live cow, and the market reacted swiftly and decisively down, and actually hit the breaker limit of 114.350 short. The asks were at about 1,000... the bids were like 2. So I decided to hop out and take the loss.

Here's the trade journal. (CL was good today on a scale-in long from about 7 trading days ago...)

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


But what really has taken me aback now was the new notice I saw from the CME website today, in the yellow alert box at top of next pic. (The low limit was actually dropped after LE market closed at 2PM ET. Weird...I tend to wonder if it has to do with contango.)

Something funky going on with live cattle, and I have to bail on that instrument until we know what is going on.

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


Summary up until today, and I be flat now. So exhausting.

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

Reply With Quote
 
  #18 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Got the skinny on LE from the CME, it's not what I thought.

The CME rep said that new contract listings have been suspended because there is discussion within the CME group about tweaking the contract specs. So until any decisions are reached they are not listing anything on the board starting in Oct 2017. If any changes are implemented, they will affect contracts only from Oct 2017 forward.


Last edited by HoopyTrading; June 14th, 2016 at 02:25 PM.
Reply With Quote
 
  #19 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

I am exhausted, but trading is too addicting to keep a person down I guess. Did a day trade today in LE long for 13 tics, and am now long in another CL. CL long in Aug smells right with that target for now..

Pics in order are CL trade on long-term Fibbo, current running total from 04/16, and daily trade summary in LE...

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


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

Attached Thumbnails
Overnight trading journal-cl-0614longwithle.png  
Reply With Quote
 
  #20 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: No clue
Favorite Futures: ES, ZB
 
Posts: 141 since Jun 2016
Thanks: 62 given, 83 received


It's too leverage and way abv my risk appetite to leave futures trading overnight w/o checking it. Good luck.

Reply With Quote

Reply



futures.io > > > Overnight trading journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Time value lost overnight and during trading day - more in either? Brennen81 Options on Futures 2 July 12th, 2015 07:14 PM
Overnight trading and Stops becoming irrelevant ? mdsvtr Traders Hideout 5 June 28th, 2015 11:32 PM
Overnight Session ES Trading sasnak Index Futures Trading 14 April 29th, 2014 12:14 AM
EC trading the overnight session dgresens Currency Futures 2 January 18th, 2011 10:42 AM
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 01:49 AM.

no new posts
Page generated 2017-01-20 in 0.15 seconds with 21 queries on phoenix via your IP 54.211.226.90