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BlackGold or Bust Ddawgs CL Trading Journal


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BlackGold or Bust Ddawgs CL Trading Journal

  #31 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
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Great job under lots of pressure Danny!.
Nice to close in the green!

..........
peace, love and joy to you
.........
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  #32 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

Agreed! Good job! Just 1 day at a time! You can do it!

Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
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  #33 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162


First of all, thanks to Ian and John for the words of encouragement. They were greatly appreciated. Quick Summary: Up $294.80. Nice to be GREEN on combine again!!

https://nexusfi.com/attachments/228281d1488336286
https://nexusfi.com/attachments/228278d1488336126


Premarket Analysis: Nice Down trend developing, maybe we will finally break out and run today. Will be looking for shorts on the open or slightly before.

8:00 Short 53.54. Some movement down but very slow. No wooshh. Just HUGE size on the DOM. Every level showing large amounts of contracts to buy. As far as I can tell, they are trading they are not spoofing it. Market dribbles down. And my trail stop is hit for +6 ticks. The VPOC came to the bottom of the range, which seems to be a good sign that the market is running out of steam.

https://nexusfi.com/attachments/228279d1488336126

8:30 Still looks short to me. Nice pop after the equity open, I short it at 53.60. {insert: I really need to work on this type of trade. It is a pullback trade, and I have a decent entry. I am expecting momentum out of this area but I think on PB trades, you have to expect some back and forth first.} Market doesn't seem to want to move and I lose confidence in the trade. I finally scratch the trade. This was actually a decent trade. Something I really need to work on.

Get short again at 53.52. Once again market is extremely slow, and I stop out for +1 tick. That's it for me, I have to go to work. Market stuck between the two high volume areas.

https://nexusfi.com/attachments/228280d1488336126

Thanks for reading everyone. I personally have benefited from doing this journal, and from reading other journals. Best wishes to all in the contest.

Danny

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  #34 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

Good job!

Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Reply With Quote
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  #35 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Quick Summary: Made $1231.20. Market moving a little better. Still had one fat finger trade and missed a really nice pullback trade. Thankfully I saw the PB trade developing, was just a little nervous and did not get filled.

https://nexusfi.com/attachments/228465d1488511982
https://nexusfi.com/attachments/228466d1488512002

Premarket Analysis: Downtrend today and much faster pace. Market breaking down to the short side. Will be looking for shorts today. Was trying to get short in the premarket at 53.08, then 53.06, just late and not aggressive. No fill.

https://nexusfi.com/attachments/228456d1488511957

Finally took momentum short at 53.01. Made +2 ticks. Once again waiting increased my risk, and decreased my reward. I should learn that by now!!

https://nexusfi.com/attachments/228457d1488511957

8:00 Looking for short into the open. Short at 53.01. Trail stop hit at 52.77. +24 ticks. VPOC moves down to the low. Happy with the trade No problems with entry and management.

https://nexusfi.com/attachments/228458d1488511957

Funny, just realized I did not take quick inventory of mental/emotional capital and focus. Want to keep doing that, I feel that it is important, especially on LOSING days.

Looking for short at 8:30

8:30 Market slow, looks like short developing back down through MA. Short at 53.84. Lost 4 ticks. Was in profit momentarily, but no follow through.

https://nexusfi.com/attachments/228459d1488511957

Short again at 52.84. I am just wrong on the direction. Lost 5 ticks. Just didn't work. Market is sort of in a kill zone. This merits further study....Certainly not 2 trades in the kill zone.

https://nexusfi.com/attachments/228460d1488511957


Market makes nice run to down trending MA resistance. I like this trade a lot....short at 53.14. Aargh this is the fat finger one, had stop and target turned off. In trying to get stop into place, managed to take myself out for 2 tick loss!!

https://nexusfi.com/attachments/228461d1488511982

Enter short again at 53.16. Trade starts to move in my favor. I am trying out a new trail stop technique...I am splitting my stop so that after I get past 10 ticks in profit, I put trail stop for 4 lots at 10 ticks...trying to lock in profits. I make the 10 ticks and then trail stop on 1 lot is hit for +11. Not much different in this case. I will continue to test this.

https://nexusfi.com/attachments/228462d1488511982
https://nexusfi.com/attachments/228463d1488511982

Looking for trade back into CWAP, but not setting up quite right. Then I set up volume profile with the idea of shorting off of the VWAP. Momentum came in and I shorted at 52.96. I hate trading around XX.00!! <Someday I want to build a trading strategy on the ebb and flow from XX.05 to XX.95> Any way I hang on, I think I have the direction right, and finally price moves in my favor. It starts to go, then comes back and stops me out for +1 tick. Time to go to work.

https://nexusfi.com/attachments/228464d1488511982

In retrospect, I basically just churned my account after those first 2 trades. I really like the trade where the market whooshes into the DT/UT MA, and you fade it. I am considering just waiting for that trade.

Thanks for reading,

Danny

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  #36 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92

Nice day, good luck on your combine.

Alex

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  #37 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162


DjRonin View Post
Nice day, good luck on your combine.

Alex

Thanks Alex. Appreciate the encouragement. Best wishes to you also.

Danny

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  #38 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Just didn't see much opportunity today...was very risk adverse. So sat on my hands. You all have a great weekend.

Danny

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  #39 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


Ddawg View Post
Just didn't see much opportunity today...was very risk adverse. So sat on my hands. You all have a great weekend.

Danny

Hehehe how true. I made 43 ticks x 2 contracts from CL in 1 trade, then lost 34x2 on gold then made another 26x2 with the last spike up on gold. Pretty good day. But tell you it was more cherry picking than real analysis... i broke almost every rule of entry. Just luck i guess.

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  #40 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162


Nice job Alex! Usually these kind of days just end in a disaster for me.lol I will check out your CL Trade, I always like to see others interpretation of the market.
Take care,
Danny

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Last Updated on April 23, 2017


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