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Trading fast markets

  #671 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

High-low hunting today.

Looks like it can be done pretty well, just need to hold on the runner even if means to get several in a row hitting BE. Holding a runner to a mid-range can make any day.









End result +283.40 USD, 23 cars traded, net result +170 USD

Not something to brag about, but things get better. And all done in 1 hour. Me likes it.

Trade to live. Not live to trade.
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  #672 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

Not the best day to long crude as it started to collapse but I did the best I could so far. Will see if we get some tradable range on the lows later after it opens.




All limit entries, no slippage, only fun and games.

+310 less 8 commissions = +270

Trade to live. Not live to trade.
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  #673 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568


I was feeling like doing something after I finished with crude early and decided to see if I can trade same way on gold but using T4 (no fast modifications required for this approach) and maybe I can save combine, just for fun. It took few strikes, but I nearly did it.


Trade to live. Not live to trade.
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  #674 (permalink)
 garyboy275 
wa/ usa
 
Experience: Intermediate
Platform: Rithmic
Trading: "CL ES 6C 6E" NQ only nowadays
Posts: 266 since Oct 2012
Thanks Given: 202
Thanks Received: 454

Just wanted to make sure you are aware of the "new" max drawdown rule. As per my understanding now it counted from the high point--since your first day was positive increase the highpoint by that much. Since it wasnt a big up first day but keep it in mind going forward once you have bigger updays

"I will ensure my Account Balance will not hit or exceed my Minimum Account Balance (Account Balance High - Max Drawdown = Minimum Account Balance)"

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  #675 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

Yeah I know, thanks. I wasn't anywhere close.

Sent from my GT-N7100 using Tapatalk 2

Trade to live. Not live to trade.
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  #676 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

OEC is not making it easy today. I wanted to continue my roll in DAX,woke up in time, sat behind the screens, and platform refused to work, it keeps placing orders that don't get activated (remain in grayed state on screen) nor cancelled. I had to resort to marking my possible orders instead.





My demo is ending soon, I will have to ask for another one and negotiate for margins. There might be a problem as OEC (I understand that S5 clears via them too) is very strict with margins so there might be a problem. I am a proponent of keeping at broker's as little as possible.


If so I will go back to AMP futures, will have to fork out 30 euro per month for EUREX data feed, but hey it's not a big deal. Bigger issue is that I can't use Jigsaw with Multicharts there, and I don't want to deal with Ninja, and MC native tape tools are non-existing (most primitive DOM and no tape at all), so it might be a bit of challenge. Need to think about.

Trade to live. Not live to trade.
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  #677 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

You can start reading 68 pages back

Sent from my GT-N7100 using Tapatalk 2

Trade to live. Not live to trade.
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  #678 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

Combine in gold is fixed and some, now I can focus on trading crude. New trading style suits t4, except absence of ATM and split targets.

Thus said, I am not really focusing anymore on combine, but I will try to use it to prepare to trade crude responsibly before I go live. So my aim is to finish positive on crude and report will assist me with that. If I make to the profit target so be it.

Trade to live. Not live to trade.
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  #679 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

Crude trading was intense. I am not specially pleased with the results - it was constantly moving above and below 0 equity only accumulating commissions without a fail. I did few redundant trades and could have held few others for larger profit but overall too much trades, I should simply call a level, check out the reaction and trade it without the need to take small profits or bring to BE too fast. I need more trust in my entries and this will come with accumulating experience. I am pretty sure crude is good for trading it. I just need to recognize when to stop fading and start going with the flow by fading pullback consolidations. Late in the day it worked well and saved the day.

Overall +960 but 690 in commissions, so net profit is puny +270. Still ok.



I will walk through all 22 trades in a next post and explain reasoning and what can be done better.

Trade to live. Not live to trade.
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  #680 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568




Trade to live. Not live to trade.
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Last Updated on May 18, 2022


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