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TF Trading Journal (without indicators)


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TF Trading Journal (without indicators)

  #21 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014

Today was wrong. I was not patient enough.

04.12.2014
trades: 7
trading loss: 5
winner trading: 2
profit: - 410$


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  #22 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


Porter View Post
Today was wrong. I was not patient enough.

04.12.2014
trades: 7
trading loss: 5
winner trading: 2
profit: - 410$


Trade/avoid the chop always hard. Specially without indicator, dont be too hard on yourself!

Máté
Full time trader Live journal here
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  #23 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


05.12.2014
trades: 2
trading loss: 0
winner trading: 2
profit: + 220$

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  #24 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


matevisky View Post
Trade/avoid the chop always hard. Specially without indicator, dont be too hard on yourself!

If I'm patient, I have no trouble.

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  #25 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


Bill Williams View Post
How big are your targets? With a 4 tick stop, are you aiming for 1-2 points?

the normal target price is 20 points, but sometimes I'm not patient, and 10 tick the stop

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  #26 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


Bill Williams View Post
Are you using bollinger bands to try and catch the turning points?


Yes I have used, easier to see. But now I do not have to use it.

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  #27 (permalink)
 
lasecondababele's Avatar
 lasecondababele 
London, UK
 
Experience: Beginner
Platform: NinjaTrader
Broker: TSTcombine
Trading: CL, ES, FESX
Posts: 214 since Oct 2014
Thanks Given: 182
Thanks Received: 375

Hi, fellow Londoner here, you're doing really well, congrats!

Seems you prefer shorting, and you mainly enter on a low 1, when the price dips below previous low which works great in a downtrend or with nice wide movement days. You get killed with chop and trying to catch a reversal in strong bull days.

Your exit strategy is paying off nicely you let the winners run, would you explain your stop strategy? It looks like about 1.5 or 2 points , is it a set value or do you adjust it according to price action?

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  #28 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


lasecondababele View Post
Hi, fellow Londoner here, you're doing really well, congrats!

Seems you prefer shorting, and you mainly enter on a low 1, when the price dips below previous low which works great in a downtrend or with nice wide movement days. You get killed with chop and trying to catch a reversal in strong bull days.

Your exit strategy is paying off nicely you let the winners run, would you explain your stop strategy? It looks like about 1.5 or 2 points , is it a set value or do you adjust it according to price action?

Yes, If the price does not move as fast as I expected, I adjust it.

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  #29 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172


Bill Williams View Post
How big are your targets? With a 4 tick stop, are you aiming for 1-2 points?

I go for 10 ticks generally unless the market tells me otherwise.

What I've been doing most often is start the trade and set my target to 1 tick below/above the next resistance/support. Sometimes that is 8-12 ticks, sometimes its 60 ticks.

I then move my stop down to swing tops as it moves. The swing size depends on how much the VIX is (above 15, I use bigger swings)

I have been learning to use stop-loss as a last resort, I take it upon myself to make my best reading of the indicators and price action (and index price action) to determine if I should just exit, and when I feel that, I bail.

I'm also taking less trades, I wait for the "sure thing" now and have stopped trying to pick market tops and bottoms, following the market price action is far better for me then trying to make perfect trades. Its far better to take 75% of a move--vs get stopped out of half my trades which cuts into profits far more then just grabbing the 75% middle of a swing.

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  #30 (permalink)
 Porter 
Luzern/Switzerland
 
Posts: 317 since Nov 2014


I had a day off today.

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