/LE got stopped out again. it did not have good volume with my bar signals. im waiting for some perfect-ish moves to get into with probability on my side. several new trends have started and several more are about to be started among the commodity, index and currency futures. the next couple months should create several good trading opportunities. i have to wait for the trades that look perfect. im spending a lot of time thinking of what would increase my odds.

i have decided to add Volume as an indicator to my trading. since i started learning how to trade i could never understand how to use volume. i could never "see it" work for me. and thats a little frustrating since almost everyone uses volume and its a default indicator on most chart services. but now i think i know how to work it into my trades. reminds me of how most of my life i didnt understand how to play poker, then one day i got it, and then i played it a lot and got pretty good. maybe that will happen again? what got me looking at volume again was me figuring out a couple new ways i can use my trendlines.

i want my middle time frame's bar signals to have above-average volume. its easy to argue how it makes sense to use but i like it cuz i see how it works for me. where my bar signals are, good volume seems to have 90%+ reliability for a good trade to follow. in the same places bad volume seems exactly 50%....that sounds like gambling.

my recent /LE short trade happens to violate my new volume requirement so im assuming it wont work but ill let it finish since it still looked so good. if it stops me out today or tomorrow it will help prove my new volume requirement even more.

/LE Entry...Short

i was gonna wait till sunday night but friday night it let my order go through, so now im holding /LE again for the same short move. it looks like the trendline has held up well for several days with nice signals...engulfing signal, overbought daily stochastics, room to drop within the pattern.

gaby is the best gf ever!......

ok im happy with the current breakouts that have happened or will happen. everyone must have planned on starting new rallies for the holidays....??

/ZT, /ZB, /E7, /M6E have all just broken down and should start new trends for me.
/DX has broken up and should start a new trend.

/J7 and /6M might break down soon from their rising wedges.
/6C is in a very tight triangle, could go either way.

got stopped out of 6A and 6M at the same time almost. i saw it coming....6A was breaking down from a big pattern so i was "trading against the trend" and 6M was still inside a big pattern so i was basically trading when "there is no trend". im glad i made these mistakes so from now on i will avoid making trades against new trends from breakouts or when a pattern is squeezing price together right before a breakout.

i think i need to focus on fewer markets, which seems kinda hard since i dont have time to make day trades....hmmmm.....

Missed WMT entry

just missed a good entry so ill just watch it...

some of the trades i just got into are taking place near the end of a big pattern so they are probably lower probability trades than i prefer since a pending break out can mess up my trade. but the US Dollar just broke up out of a big falling wedge so i will probably be watching that for awhile.

stopped out of /LE pretty quick. still holding /6M and /6A.

/6M Entry

i wanted to get into the mexican pesos again, it could go the other way to start a big rising wedge break-down but i wanna try it.

/6A Entry

To finish this week, I went long /6A at the close today. Im also still holding my /LE trade which hasn't gone anywhere yet.

/LE ENTRY

ok /LE dropped like i wanted it to and so i sold it short right before the close.

im waiting to short /LE feeder cattle futures at the close today

/YG trade sucked. got stopped out. i questioned entering at first cuz the recent trend resembled a bubble that just bursted.....but i still got in. oh well.

im watching /ZW. it has been flat for several days and hasn't taken off yet but it just looks so good. ill try to get in when i get a chance.

watching /LE for a daily short, needs to drop well on thursday 12/17 first....

thinking about another short for /GF

that mexican peso trade was uncomfortably quick but its otay. im holding /YG now. i still have an eye on US dollar and emini Euro, they could turn any hour.

woops, ok from now on i will post when i enter a trade so everyone can see when i time my entries................btw im long /YG for a daily move.

US dollar and Euro FX futures look like they might reverse

I will try to post bigger charts later, probably starting with my mexican peso trade.

Just started this blog..

I think this is a good idea for me. I will try to post all my trades, profitable and unprofitable. This will be my diary. Im sure it will be a much more organized and cleaner way to save my trades than in the confusing mess of folders on my flashdrive. Ask questions, give me advice, comment or whatever...