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Overnight trading journal
Started: by HoopyTrading Views / Replies:13,733 / 66
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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
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Sorry, here's sixth pic.

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  #12 (permalink)
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Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 173 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 12:07 AM.
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  #13 (permalink)
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Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 173 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.

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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.

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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 11th, 2016 at 11:49 PM.
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  #14 (permalink)
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Got online and closed the GC trade, and am now watching my long Aug CL, down 35 tics on one contract.


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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.

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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.

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Last edited by HoopyTrading; June 12th, 2016 at 08:40 PM.
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  #15 (permalink)
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Futures Edge on FIO
Here's the running total thus far form 04/16,,,

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  #16 (permalink)
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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 10:07 PM.
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  #17 (permalink)
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Futures Experience: Intermediate
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Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
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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...)

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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.

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

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  #18 (permalink)
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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 01:25 PM.
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  #19 (permalink)
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Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 173 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...

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  #20 (permalink)
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salt lake utah
 
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It's too leverage and way abv my risk appetite to leave futures trading overnight w/o checking it. Good luck.

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