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The Italian Job
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Created: by redratsal Attachments:31

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The Italian Job

  #171 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

First trade of the Day long CL 3 contracts, target below the TL +587 USD

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  #172 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

Long 6E 3 contracts, target below Vwap +412
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  #173 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received


6E short 1 contract, target on Vwap +275 USD
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  #174 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

6E long 2 contracts, target below R +600 USD

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  #175 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

Avoiding trades during RTH Initial Balance

Do not trade If the market is in a trend since its opening and further on breaking out IB's high.

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  #176 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

Objective

Definition:

1. An end that can be reasonably achieved within an expected timeframe and with available resources. In general, an objective is broader in scope than a goal, and may consist of several individual goals. Objectives are a basic tools that underlying all planning and strategic activities. They serve as the basis for policy and performance appraisals.

2. Neutral (bias free), relating to, or based on verifiable evidence or phenomenon instead of on attitude, belief, or opinion. Opposite of subjective.


Many users are looking for objective trading systems or methods, is this possible on a long time frame? A bot or a mechanical method could be defined as objective systems, personally I always failed to build a consistent one. They were working for a certain period of time but failed when the market conditions changed (markets are rational, people are not James Dalton). Even bots or mechanicals need to be adapted and re arranged ence they loose their objectiveness.

I beleive that in trading there are no short cuts, everybody has its own experience, trading style and personality. It is useless to copy ones system and pretending to make money in a shorter time frame. I believe learning and studying are supportive but experience is the key factor, everybody needs to find its own way and it might take a few months, years, or decades.

When I decided to post my method I was not totally convinced, what works for me,not only financially, might not work for somebody else. When it comes to money it's always a big responsability to show a method, it might be fun with a sim account, but with real money it's a whole different story.

I am very proud of this method, not because of its results, because it's unconventional and reflects my own personality, it's the fruit of my experience and passion for this job and it's mine.

As I mentioned in a previous post, there are many ways to go from A to B. Do not try to mechanically copy this method, but rather use it, together with many others on futures.io (formerly BMT) and the net, to build your own.

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The following 7 users say Thank You to redratsal for this post:
 
  #177 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

First trade of the day 6E short, target on the S +137 USD
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  #178 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

This is a stop management I took over CL with 8 contracts -5000 USD, I will therefore stop trading for today.
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The following 2 users say Thank You to redratsal for this post:
 
  #179 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

My daily recap:

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My cumulative profit at quick summary https://futures.io/traders-hideout/11184-italian-job.html

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The following user says Thank You to redratsal for this post:
 
  #180 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


Just to let you know your method/approach and thread have been inspiring. Thanks.

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