TradeTheBar Daily Journal
futures io futures trading



TradeTheBar Daily Journal


Trading Journals

Created June 28th 2019 by kareem40
Updated October 11th 2019 by NW Trader
looks_onekareem40 with 174 posts (395 thanks)
looks_twoNW Trader with 20 posts (50 thanks)
looks_3mtzimmer1 with 5 posts (6 thanks)
looks_4bobwest with 4 posts (9 thanks)
 
trending_up8,905 views
thumb_up489 thanks given
forum219 replies
attach_file222 attachments



Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

TradeTheBar Daily Journal

  #21 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

Daily Trades 7-15-2019

A typical summer trading day on the ES, ugly. I could not get myself to even take a micro trade. I considered two trades ( below), but did not take any:

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


My YM/NQ spread got worst by $100 today, so I am still holding it for a BE close.

I did chat with a new trading friend over the weekend. He only trades using the EW principles. He shared few charts and showed me his equity curve. I was was very impressive and got me sold.



Since I am still searching for the meaning of life as well as a consistent trading method, I (re) read "the Elliot Wave book" and decided to try it. Again, low risk and small size. I traded few liquid stocks option spreads and micro Forex. Since he recommends that I only swing trade EW, I can do this in tandem with my day trading. Below are the FX and option spreads I took. I trade options with Tasty since they have a great platform at low cost.



I am still new with EW, so my wave count maybe incorrect.

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).


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).


K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
CME trading hits monthly record
Beginners and Introductions
Depth of market, Simulated trading
Platforms and Indicators
Trailing stop order in MotiveWave?
Platforms and Indicators
vwap strategy
TradeStation
GetRTAccountEquity - EasyLanguage, MultiCharts, Daily Account P&L
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
ES futures Spoo-nalysis SP500/SPX
205 thanks
Coronavirus COVID-19
164 thanks
Recession? Depression? Bailout!
159 thanks
Is Orderflow An Outdated Concept?
88 thanks
Gold Futures (GC) main discussion
52 thanks
 
  #22 (permalink)
Bluffton, SC
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: Equities, Treasuries, Gold
 
mtzimmer1's Avatar
 
Posts: 484 since Dec 2018
Thanks: 1,085 given, 1,044 received

I could never make anything useful out of EW principles. I always see multiple wave counts in real-time but only one ends up working out. If you can generate an edge from it, more power to you!


Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to mtzimmer1 for this post:
 
  #23 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received



mtzimmer1 View Post
I could never make anything useful out of EW principles. I always see multiple wave counts in real-time but only one ends up working out. If you can generate an edge from it, more power to you!


Sent using the futures.io mobile app

Hi Mtzimmer1,
I have looked at it before and I said that it looks great only in hindsight, but my good friend said that I need longer time frames. He does mostly daily and 4H. He also said that the wave count is pretty much the channel I draw. We will see. I will just put those positions for now and they are low ( defined) risk. I have to put some real money on the line, otherwise I will never watch/learn.
I will post updates as the trades proceed.
Thanks
K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:
 
  #24 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

Daily Trades 7-16-2019 FX

My EURGBP short did not pan out. It was a loss of 23 PIPs and few dollars. I am still holding CADCHF ( at a small loss). Stop loss on that pair is much higher. My EW friend said that I should been looking at only daily, and maybe 4 hour charts. I will make that change in future trades.
My option spreads still around BE.

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).


K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:
 
  #25 (permalink)
Super Moderator
Sarasota FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, YM
 
bobwest's Avatar
 
Posts: 5,524 since Jan 2013
Thanks: 42,805 given, 18,651 received


kareem40 View Post
Hi Mtzimmer1,
I have looked at it before and I said that it looks great only in hindsight, but my good friend said that I need longer time frames. He does mostly daily and 4H. He also said that the wave count is pretty much the channel I draw. We will see. I will just put those positions for now and they are low ( defined) risk. I have to put some real money on the line, otherwise I will never watch/learn.
I will post updates as the trades proceed.
Thanks
K

Good luck with Elliot Wave. I have thought that too, about looking great only in hindsight. My problem was always that there were too many possibilities ahead of time, and I couldn't see the "right" one until after the fact.

If you can figure it out and put it to use, you're better at it than I am. I certainly hope you are. It will be interesting to see if it helps you.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
  #26 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received


bobwest View Post
Good luck with Elliot Wave. I have thought that too, about looking great only in hindsight. My problem was always that there were too many possibilities ahead of time, and I couldn't see the "right" one until after the fact.

If you can figure it out and put it to use, you're better at it than I am. I certainly hope you are. It will be interesting to see if it helps you.

Bob.

Hi Bob,
Thank you for the feed back. I am not 100% sold either, but trading it small and with low risk. I honestly think it's the only way to test anything to do with trading, throw little money at it and watch it live. Too much money and you ( or I) will not follow the rules. So far, I only found "breaking news" trades are the only sure thing. You may have the absolute best set up/indicator there is; then we get a Trump tweet!

K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:
 
  #27 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

Daily Trades 7-16-2019

Here are my daily trades:

Two trades, ES, MES, and I finally closed my NQ/YM Spread. The spread was up $100 but by the time I placed market orders, it had moved some for +$84. It was not a fun trade and even though I saw similar draws on the historical chart. It was almost $600 against me at one time last week, which is higher than anything I have hand tested. But finally the market normalized ( or back to chaos) and I bailed with some profit.

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


The ES trade ( First arrow), was mostly news, but it helped to have a wide spread bar with volume and resistance above. I took profit around the bottom channel, a long term support. Then I took a second MES trade as the resistance held and additional "bad" news. I traded smaller ( MES) since I did not want to give my locked profits back to the pros. Today, I watched the 20 minute chart since I had other work obligations and had less screen time. Took profit around the same place ( re-test of demand), which held as am right this post.

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


A good day, low stress and no mistakes. I am up $461 for the day.

K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:
 
  #28 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

Daily Trades 7-17-2019

I was still busy with work today and really should not have traded at all, but I did. I was trying to force a trade, and worst yet, force a quick exit so I can focus at work. I did not trade well. I also went for another spread trade, but due to my previous draw, I was careful to exit for 1/4 of typical profit. Also spreads have be watched all the time.

Here are my trades today:

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


1) Short ES, which I still cannot figure why I sold. Looking at the bar, it had wide spread and highest volume on the chart, but closed in the middle. Which means buyers were very much present. A long there would been an easy very low risk 2-4 points ( daily target).

2) Short 3 MES. I added to a loser, but it was a good set up and an okay trade that took little heat. Resistance above, close at the lows then volume come in with selling.

My target was the gold line below, test for demand. Later I got restless and took my exit early, above the set target.

I have a couple of private questions about my spread trade and in the next post I will explain a quick and simple way to take to try it.

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


A bad trading day, with mistakes, draw and high stress. I got impatient with my first entry and my exit. I am up $94 for the day.

K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
  #29 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

NQ-YM Spread Trade

Here is a quick and easy way to trade this spread. First, few notes:

  • To begin with trade very small. I recommend 1/1 Micro lots
  • It's always long one instrument, short the other.
  • It does not have a stop loss. Draws can reach $500 ( just recently).
  • You cannot and should not leg out. In as a pair and out the same.
  • Target ( on 4-5 micro lots) is $50-$200.
  • Target may take 5 minutes to weeks to reach.
  • Profits come and go very quickly. Arb/HFT traders are always faster than you ( me). You never get what you see when you decide to exit, unless you are lucky!
  • This can be done with other Co-integrated instruments, but not as easy due to volatility levels.
  • On this trade only, you may add to a loser, but still small.

I took snapshots of the progression of today's spread. All of these are from today's session. I closed it for +$23, but it could have easily reached $90-100.

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

Look at the % gain/loss for each instrument. Since they are close, do nothing.

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

Later in the day NQ is +.24%, which YM is down .08%. Here you can sell 3 micro lots of NQ and buy 3 YM at the same time.

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

Here NQ went from +.24 to +.2 and YM from -.08 to -.01 which should give you some profit.

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

Here is later in the day. If I had waited on my spread. Look at the price. The NQ's move to +.05% and YM to only -.05%. In $ terms, an additional 16 NQ points and less 10 YM points; or on three micros +96-5= + 91 additional profit).

I hope that makes sense. If not, do nothing.

Please give your thanks for the competition if you like the Journal:
https://futures.io/feedback-announcements/47064-fio-journal-challenge-july-2019-edition-w-ninjatrader.html#post720036

Thank you,
K


Last edited by kareem40; July 17th, 2019 at 04:38 PM. Reason: spelling
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:
 
  #30 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 653 since May 2010
Thanks: 1,781 given, 867 received

Daily Trades 7-18-2019


Here are my daily trades for the day.
First was the usual spread around the open. They tend to work best around the daily open and close. And at times during major planed news events.

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

Here is right after the trade was opened. -.39% YM, -.13% NQ.

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

And the close. It was around +$50, but I could not close it quickly due to clicking error. I ended up with +$35 for the close.

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

Two MES trades at different lot size today. Both were winners and did not take much heat. They were both PA/VSA set ups. I took profit way too fast on my second trade. I should have stayed with the original target set which would given me daily goal. I decided to cut size and trade MES instead of ES since I did not trade well yesterday.

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


A total of +$172 for the day. Good day, low draw, but still stressful.

K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to kareem40 for this post:

Reply



futures io Trading Community Trading Journals > TradeTheBar Daily Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Social Media Predictive Data for Traders w/Joe Gits @ SMA [and Lime Brokerage]

Apr 9
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
EasyLanguage Daily Profit and Daily Loss limit in strategy Big Mike EasyLanguage Programming 24 March 6th, 2020 04:30 PM
Alert for new daily price high/low made on a daily volume high Neo1 Sierra Chart 0 September 29th, 2015 07:28 PM
Daily Close on Daily and Intraday Charts scottmcwms Platforms and Indicators 0 December 16th, 2013 12:54 PM
Daily Profit / daily loss question bdd069 Elite EasyLanguage Automated Trading 4 February 16th, 2012 11:36 AM
Sharing Daily Trading Journal Setup jonesr9 Trading Journals 5 August 21st, 2009 05:45 PM


All times are GMT -4. The time now is 03:31 PM. (this page content is cached, log in for real-time version)

Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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