YM Futures trading Personal Journal

Was absolutely tilted after breaking my rules so I stepped away from the computer for 30 minutes to refocus. Came back pretty strong with some solid trades. On the last two trades I should have moved my TP to 25 ticks because we were in a range but I let it come back and hit me at BE. TWICE.

News came out and PA started moving fast. Wanted to get in earlier but couldn't find a spot to jump in. Finally there was some consolidation and I was able to ride that until it broke the previous high.

Red day. I'm certain I can get back to positive I just don't have the time today. Also the 1st and 4th trades are ones that I should not have taken.

3 Wins (+15.00)
6 Losses (-18.00)
Commissions (-2.25)
Net (-5.25)

That's a wrap. Great session to start the week. I wont be able to trade tomorrow and possibly Thursday.

2 Wins (+17.25)
1 Loss (-4.50)
2 BE (+0.50)
Commissions (-1.25)
Net ( +12.00)

HMMM. Volume is absolutely nonexistent today because of funeral. Probably no trades today

Huge divergence on cumulative delta

looks like they are gearing up for a huge drop

Also I forgot to post my trades from Friday so I will do that when I get back and I did not trade Monday because the power company was turning on and off the power all morning.

Looks like its gearing for longs actually

Here are the trades from Friday. I was trying to look for areas of absorption but it ended up being kind of a shit day for that.

2 losses (-30)
1 Be (+1)
Commissions (-3)
Net (-32)

Tuesdays total

1 Win (+7.75)
Commissions (-0.25)
Net (+7.50)

Not seeing any setups ATM so going to call it.

3 losses (-33)
1 Win (+30)
Commissions (-3)
Net(-6)

Analysis

1. 123 Setup. For some reason had my stp set to 12 and ended up selling the bottom. FML

2-3. Noticed lots of absorption but got too aggressive with my entries. Glad that I exited manually on trade 3 because I would have been stopped out right at the very top.

3. 123 setup into the absorption area. Clean trade but left quite a bit on the table

A few missed opportunities and not sticking to the plan = poor day.

3 Losses (-42)
1 BE (+2)
Commissions (-4)
Net (-44)

Argh, come again man. That's too bad.

Analysis

1. Simple 123 that went to BE

2. Another 123 however there was quite a bit of accumulation right above my entry so I should have canceled the order.

3. Saw a strong channel that formed on the YM and tried to enter once it bounced off the upper wall. Ended up selling the bottom.

4. Noticed a lot of absorption and then price took off. Had a case of FOMO and paid for it.

There were two beautiful 123 setups that I missed. The first one I marked on my chart beforehand but was looking at NQ and missed it. The second one came within 2 ticks of my entry and then took off.

Ouch first red week of the thread. Although today was red I took solid setups so I'm happy with that. I have my last final today at noon so I'm hopping once that is over I can put my focus back on trading.

1 Loss (-15)
1 Be (0)
Commissions (-2)
Net (-17)

Analysis

1. Was a 2b setup. Got up +15 but price came back. Target was +20

2. Absorption with no follow through. STP loss was too big and could have been placed a tick bellow the AOI. In hindsight it was probably someone just covering their shorts.

Wow got slipped 5 ticks on the first trade. Should have switched over to the new contract earlier.

2 Wins (+5.50)
2 commissions (-.50)
Net (+5.00)