Bojangle's Journal - futures io
futures io



Bojangle's Journal


Discussion in Trading Journals

Updated
    1. trending_up 12,087 views
    2. thumb_up 18 thanks given
    3. group 2 followers
    1. forum 125 posts
    2. attach_file 161 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Bojangle's Journal

(login for full post details)
  #81 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

pre-plan:

above 68 picture turns bullish and Im expecting a test of 92s eventually
expecting responsive buyers to be active at ydays lows at 53 and at 51.5-50.5
below 50.5, downside target is 1118s and lower

news:

gdp at 8.30 imp high
corporate profits at 8.30
consumer sentiment at 9.55 imp medium
ben bernanke speaks at 10.00 0 high

Attached Thumbnails
Click image for larger version

Name:	0826111.jpg
Views:	42
Size:	190.2 KB
ID:	47451   Click image for larger version

Name:	9826112.jpg
Views:	44
Size:	124.2 KB
ID:	47452   Click image for larger version

Name:	0826113.jpg
Views:	41
Size:	114.0 KB
ID:	47453  
Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Alternative to Mcginley Dynamic MA
Sierra Chart
TOS plotting horizontal line for open in renko chart
ThinkOrSwim
text block indicator that moves with price
NinjaTrader
Finding Symbol from chart using ACSIL
Sierra Chart
MTF Bollinger Band NT8
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Vinny E-Mini & Algobox Review TRADE ROOM
126 thanks
Would you share your Holy Grail?
78 thanks
Spoo-nalysis ES e-mini futures S&P 500
44 thanks
EURUSD M6E/6E Euro
40 thanks
ApexTraderFunding.com experience and review
11 thanks
 
(login for full post details)
  #82 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

plan:

below 50.5, expecting sellers to take price down to test the 38-40 support zone where Id expect responsive buyers to be active on first test. above 50.5, expecting responsive sellers at 62.25 (ydays vpoc) and then at 68.25, which is the line in the sand. above 68.25, 75.75-77.25 is key and Id expect sellers to be active there. expecting responsive buyers to be active at 3.25-29.5. above 68.25, Id expect rotations off of each resistance zone. below 50.5, the downside target is 1118 and lower.

Attached Thumbnails
Click image for larger version

Name:	0826115.jpg
Views:	38
Size:	130.7 KB
ID:	47458   Click image for larger version

Name:	0826114.jpg
Views:	32
Size:	127.7 KB
ID:	47459  
Started this thread Reply With Quote
 
(login for full post details)
  #83 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received


shorted dyay's low for a target of 40.25ish. going for a walk as the market flips out.

Attached Thumbnails
Click image for larger version

Name:	082611trade1.PNG
Views:	53
Size:	69.4 KB
ID:	47463  
Started this thread Reply With Quote
 
(login for full post details)
  #84 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

pre-plan:

bullish context above 61.75


news:

personal income and outlays at 8.30 imp medium
pending home sales index at 10.00 imp - high
dallas fed mfg survey at 10.30 imp

Attached Thumbnails
Click image for larger version

Name:	0829111.jpg
Views:	39
Size:	127.1 KB
ID:	47634   Click image for larger version

Name:	0829112.jpg
Views:	36
Size:	107.0 KB
ID:	47635   Click image for larger version

Name:	0829113.jpg
Views:	45
Size:	152.4 KB
ID:	47636  
Started this thread Reply With Quote
 
(login for full post details)
  #85 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

no trades today.


pre-plan:

expecting responsive sellers at 10.5-12.75 important level
above 12.75, target is 32.5-30 where I expect responsive sellers to be active
below 91.25, sellers are in control in the short-term
68.25 is the line in the sand for a pullback from current prices
- below, target is 38
if buyers can hold price above 32.5, huge picture is looking a lot more bullish and a lot higher prices are expected


news:

icsc-goldman store sales at 7.45
redbook at 8.55
s&p case-shiller HPI at 9.00 imp medium
consumer confidence at 10.00 imp - high
state street investor confidence index at 10.00
narayana kocherlakota speaks at 12.15 medium
fomc minutes at 2.00 imp - high

Attached Thumbnails
Click image for larger version

Name:	0830111.jpg
Views:	33
Size:	123.3 KB
ID:	47744   Click image for larger version

Name:	0830112.jpg
Views:	37
Size:	140.8 KB
ID:	47745   Click image for larger version

Name:	0830113.jpg
Views:	41
Size:	187.8 KB
ID:	47746  
Started this thread Reply With Quote
 
(login for full post details)
  #86 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

plan:

expecting responsive buyers on first test of 91.5-93. below 91.5, the short-term is bearish with the downside target at 68.25, where Id expect responsive buyers to be active. above 91.5, picture is bullish with buyers in control and upside target is at 32.5-30.5 where Id expect responsive sellers to be active. below 03, the very short-term is bearish and Id expect responsive sellers at 02.25-03.25 on first test.

Attached Thumbnails
Click image for larger version

Name:	0830114.jpg
Views:	40
Size:	106.9 KB
ID:	47793   Click image for larger version

Name:	0830115.jpg
Views:	41
Size:	130.5 KB
ID:	47794  
Started this thread Reply With Quote
 
(login for full post details)
  #87 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

So, i've moved on and been shown a new method using auction market theory with MP. The prior method i used worked and the more i review, the more i realize they are practically the same, but i am able to filter out a lot of noise and i can better determine which side i want to be trading on.

The prior method was really great for trading trends, but this new way of looking at it allows me to trade both trending and balancing days. This new method is based on market value.

With this new method, i'm a lot less lost.

Started this thread Reply With Quote
 
(login for full post details)
  #88 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

Here's a chart:

Attached Thumbnails
Click image for larger version

Name:	balance.PNG
Views:	54
Size:	54.1 KB
ID:	52107  
Started this thread Reply With Quote
 
(login for full post details)
  #89 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received

bounced off of the low of the 4 day balance area we were in. it was a high-confidence day up from that point on. acceptance was following price upwards. shorts were very low probability today.

looking at today's structure: the market wasn't really able to rest.... it was forced, forced, forced, forced, forced. is that really reliable structure? is that really how the larger-term traders accumulate positions? digestion is a possibility for tomorrow as likely buyers aren't going to be too confident in this "base." it's a data-point that i will keep in mind for tomorrow.

attempted direction today was up on higher volume. we're right at the top of this large bracket and longs are risky below the 31s, at these higher prices. if the market gets below the obvious profile split between the upper two distributions (13s or so) and finds acceptance, then i'd expect the market to rotate around, feeling out these forced prices.

also, if the market opens below the 13s, then that could be a sign of excess, and end of the auction, coming off of the bracket high area.

in addition, taking a look at this swing from the 69s low, this market may be getting too long. every time we have approached the bracket high up here, the market sold-off twice. now today we breached this area again... will there be another sell-off and is this market too long? something to keep in mind and the 13s is the line in the sand for me. also, the structure that brought us up here (below this 5 day balance area) is quite poor and forced looking.

Attached Thumbnails
Click image for larger version

Name:	1018111.png
Views:	34
Size:	48.1 KB
ID:	52480  
Started this thread Reply With Quote
 
(login for full post details)
  #90 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 43 received


Plan:

it was a wide-ranged day yesterday and the market could just rotate within yday’s range, digesting the move. if the market is rotational i will look to fade support and resistance. if the market is confident, i will look to buy the pullbacks/sell the rallies. the line in the sand is at the 13s. if the market breaks below the 13sa and finds acceptance and confidently pushes lower, then i won’t fade the move and the target would be the 85s (quite a ways down)***. longs are more risky than shorts up here at the bracket extreme + the 5 day balance area high. i won’t be fading momentum off of the 31s. above the 31s, my focus will be on longs and i will not fade the breakout.

***an idea:

if the market gets below 13, it could be considered a failed breakout of the 4 day balance area. this could lead to a test of the other side of the range at the 85s. this also could confirm the idea that the market is getting to long...and needs to correct before it can rally. yday's low was also an unsecure low and i wouldn't expect it to hold on a re-test, but there is still other support in that area.

news:

mba purchase applications at 7.00
consumer price index at 8.30 – imp – high
housing starts at 8.30 – imp – high – medium
eric rosengren speaks at 8.30
dennis lockhart speaks at 9.00
eia petroleum status report at 10.30 – imp – medium
beige book at 2.00 – imp – medium
dennis lockhart speaks at 4.30

Attached Thumbnails
Click image for larger version

Name:	ES 12-11 (30 Min)  18_10_2011.jpg
Views:	36
Size:	157.8 KB
ID:	52530  
Started this thread Reply With Quote


futures io Trading Community Trading Journals > Bojangle's Journal


Last Updated on November 1, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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