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The Italian Job


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The Italian Job

  #91 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
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My third trade with CL 1 contract, target below Vwap + 236 USD


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  #92 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Excellent job so far, thanks for sharing

Mike

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  #93 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
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redratsal View Post
It's hard to catch up when you had a long weekend, I have 1000 unread posts on futures.io (formerly BMT). I think taking a break from time to time is good for my trading, although I really enjoy this activity sometimes I feel like I have to change the daily routine, I think it helps focus on other priorities and at the same time it helps my trading biorhythm.

My motto: I'll rest when I'm dead.





Mike

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  #94 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
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This is a short trade on CL with 2 contracts, original target was on vwap but I closed it at break even because I was in a rush for an appointment; 30 seconds later the market started going down and I missed a 600 USD target.


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  #95 (permalink)
 
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 trendisyourfriend 
Quebec Canada
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Big Mike View Post
Excellent job so far, thanks for sharing

Mike

I agree with BigMike. I am really impressed by your trade management and your consistency. At the beginning i had some doubts as your MM looks more like a gambling progression (a type of Martingale) but nonetheless it is interesting to follow your thread. It gives me some ideas.

I am still wondering when you start a new campaign of trades, why don't you wait for the candle to turn red instead of entering exactly at the 2 SD from the VWAP ? Maybe it would lower your risk a bit, no ?

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  #96 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
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Posts: 1,648 since Oct 2010
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trendisyourfriend View Post
I am still wondering when you start a new campaign of trades, why don't you wait for the candle to turn red instead of entering exactly at the 2 SD from the VWAP ? Maybe it would lower your risk a bit, no ?

I use the 5 minutes chart for my entry signal and to wait for the red candle might be a loss of momentum especially if I go for a 15/20 ticks target. I am sure the method can be improved but I am satisfied with the actual results and I did not test, with consistent data, alternative solutions.

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  #97 (permalink)
 
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 trendisyourfriend 
Quebec Canada
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redratsal View Post
I use the 5 minutes chart for my entry signal and to wait for the red candle might be a loss of momentum especially if I go for a 15/20 ticks target. I am sure the method can be improved but I am satisfied with the actual results and I did not test, with consistent data, alternative solutions.

In all of your examples your entries seem to be defined on the range chart. What's your signal on the 5 min ? Don't you place a limit order at the 2nd SD and the other entries at +/- 10 ticks accordingly ?

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  #98 (permalink)
 
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 redratsal 
Milan (I)
 
Experience: Advanced
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Posts: 1,648 since Oct 2010
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Thanks Received: 2,090


trendisyourfriend View Post
In all of your examples your entries seem to be defined on the range chart. What's your signal on the 5 min ? Don't you place a limit order at the 2nd SD and the other entries at +/- 10 ticks accordingly ?

Vwap and its standard deviations are on the 5 minutes charts, normally I include it in the left corner (picture in picture) of my trades. Trades are managed with 6R, 12R

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  #99 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
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Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
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Thanks Received: 2,090


trendisyourfriend View Post
In all of your examples your entries seem to be defined on the range chart. What's your signal on the 5 min ? Don't you place a limit order at the 2nd SD and the other entries at +/- 10 ticks accordingly ?

I will put my rules in the quick summary together with a daily cumulated profit and loss balance

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  #100 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


No more trades for today



I have updated the quick summary

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Last Updated on May 9, 2014


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