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MarketTrends Journal

  #1 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
Thanks Given: 0
Thanks Received: 5

I decided I needed to start a journal for my trades so I keep track of my trading. For now I'm only trading CL and I use CQG.
My trading strategy is mostly a simple pullback strategy with some other tricks I've learn over the years. My focus starting today is to only execute trades when I feel they are a good risk/reward ratio.

For my charts I look at 5min charts for trade entry / exit and higher time frames for trend, such as 15m, 30m, and daily.
My charts typically just have 9ema / 30wei and volume, but sometimes I add Ichimoku and my own custom indicators.

I got the idea from trading-naked and Mike Bruns but my rules can be slightly different.

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  #3 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
Thanks Given: 0
Thanks Received: 5


03/21/2017
Trades: 2
Profit: $120

Can't post pics yet but I went short at 11:18 @ 48.43 and got out @ 48.33.

Next trade I got short at 11:46 @ 48.34, got nervous when it was slow to move and got out @ 48.32.

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  #4 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
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Thanks Received: 5

Market was choppy today, had some good movement due to the weekly report but no low risk / high reward pullbacks so I stayed out.

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  #5 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
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Thanks Received: 5

3 Trades today.
130 profit.

8:26 Sold CL @ 47.90
8:30 Buy CL @ 47.78

9:41 sell CL @ 47.72
9:52 buy CL @ 47.71 -- Was sitting in trade for awhile and started stalling out so i took 1 tick profit. Got lucky.

11:55 buy CL @ 47.85
12:03 sell CL @ 47.85 -- Bad trade, was stuck in a trading range. Hopefully lesson learned and got out at break even.

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  #6 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
Thanks Given: 0
Thanks Received: 5

Trades:1
Profit:0

A few good trades today that I missed because I was preoccupied but overall the crude market didn't move much.

9:51 Sold 47.76
10:15 Buy 47.76 -- Trade wasn't materializing so I got out, lucky because it ended up going up past where my stop wouldve been.

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  #7 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
Thanks Given: 0
Thanks Received: 5

Trades: 3
Profit: -60

9:01am sell @ 47.21
9:08am buy @ 47.20 -- was the second pull back since MA crossover and stalled out.

10:14 sell @ 47.59
10:21 buy @ 47.59 -- this was a counter trend trade and I should've never taken it. Just happen i got out at even.

10:56 buy @ 47.71
11:05 sell @ 47.77 -- in hindsight this was a bad pullback but at the time it seemed like a good candidate.

Overall not a great day for me but could've been worse. I missed the best pullback of the day at 7:55am since I don't start trading till 8am.


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  #8 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
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Thanks Received: 5

Welp I was hoping this day wouldn't come but I went off my trading plan and paid the price for it. I felt really bullish on CL this morning due to a few factors and went long shortly after 8 only to get stopped out so i went short got stopped out then went long again and got stopped out.

Not my worst trading day ever but really upset that I went against my plan. Hopefully I learned a good lesson at least.

There was plenty of money to be made today with pullbacks. Actually count wise this is the most pullbacks I've seen in awhile. See pic below with circles around trades that would've qualified in my plan.

Trades: 3
Profit: -240


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  #9 (permalink)
markettrend
Chicago
 
Posts: 28 since Jan 2015
Thanks Given: 0
Thanks Received: 5

Trades:2
Profit: 80

8:45 S 48.54
9:04 B 48.49

12:00 B 49.34
12:09 S 49.37 -- Chickened out on this one and lowered my profit target. Which was a mistake but at least i walked away with some profit.


The circles in red are the trades I took. I don't trade the crude report because i've been burned too many times but today would've been a good day. You can see the setup in the blue circle.


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  #10 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
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markettrend View Post


Hi, What are the X's on your chart?

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Last Updated on April 27, 2017


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