K.I.S.S. Journal - Trading Journals | futures io social day trading
futures io futures trading


K.I.S.S. Journal
Updated: Views / Replies:4,367 / 39
Created: by Presto Attachments:44

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 44  
 
Thread Tools Search this Thread
 

K.I.S.S. Journal

  #11 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received

6.10.11

Not a good day trading the 6E. I should have known how much momentum had be built up on the run down. Going long was just dumb, and not closing the position @ 1.4335 was dumb. Still not sure what I was thinking, but played today the opposite of my rules. (don't fade the trend if it has momentum) Having my first trade blown right threw should have told me to wait to get short at the retest of the trend line. There was alot of strength at the 1.4310's...but I guess it was probably taders covering there shorts.

Attached Thumbnails
K.I.S.S. Journal-candlechart_6e-6.10.11.png  
Reply With Quote
The following 3 users say Thank You to Presto for this post:
 
  #12 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received

Nice job on the journal so far, keep it up.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #13 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received


I took Monday off and decided to finish up the month on the sim. I need to make sure I don't empty my account! I was looking over my track record and realized the last time I was up for two weeks, it took one day to erase it.

I have been sticking to my guidelines but I have realized that I don't have a plan. I think I will try to finish out the month and then try to lay down some concrete rules.

One trade today, waited...waited and waited. Delta divergences setup on the 6E with the brake of the trend line, below the 20ma. It didn't feel good, but it worked.

Side note...I am reading Al Brooks bar by bar, and its confusing me a bit. Most of what I know about price action is just from watching charts.

Attached Thumbnails
K.I.S.S. Journal-candlechart_6e-6.14.11.png   K.I.S.S. Journal-volumebreakdown_6e-6.14.11.png  
Reply With Quote
The following 2 users say Thank You to Presto for this post:
 
  #14 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Presto View Post
I took Monday off and decided to finish up the month on the sim. I need to make sure I don't empty my account! I was looking over my track record and realized the last time I was up for two weeks, it took one day to erase it.

I have been sticking to my guidelines but I have realized that I don't have a plan. I think I will try to finish out the month and then try to lay down some concrete rules.

One trade today, waited...waited and waited. Delta divergences setup on the 6E with the brake of the trend line, below the 20ma. It didn't feel good, but it worked.

Side note...I am reading Al Brooks bar by bar, and its confusing me a bit. Most of what I know about price action is just from watching charts.

I don't get the point of trading without any rules or a plan? No risk and/or money management parameters?

I did not trade on a simulator before I went live. I just sat and observed price while trying to develop a valid methodology.

Personally, I feel that sim trading is something you do to test a system before going live. Being in a trade may cloud your judgement and prevent you from seeing what is happening...

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #15 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received


Lornz View Post
I don't get the point of trading without any rules or a plan? No risk and/or money management parameters?

I did not trade on a simulator before I went live. I just sat and observed price while trying to develop a valid methodology.

Personally, I feel that sim trading is something you do to test a system before going live. Being in a trade may cloud your judgement and prevent you from seeing what is happening...


Thanks Lornz, I thought about what you said, and I think I'm just going to spend the rest of the week just watching and taking notes. I will come up with a draft of solid rules, I would like to backtest but I am not sure how to quantify what I am seeing...watching w/notes no trading should help me quantify. Would you recommend that I try to backtest? or just come up with concrete rules to trade from and sim it for a month?

My money management is based upon 1.5%-2.0% of my account with a risk/reward of 3:1...I have in the past found myself trading 1:1

I took a look at ninja, My percentage profitable is @ 60% for the month with 1.5:1 R/R

With that said I think my first Rule is

#1 Don't trade without at least a 3:1 R/R

Reply With Quote
The following user says Thank You to Presto for this post:
 
  #16 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Presto View Post
Thanks Lornz, I thought about what you said, and I think I'm just going to spend the rest of the week just watching and taking notes. I will come up with a draft of solid rules, I would like to backtest but I am not sure how to quantify what I am seeing...watching w/notes no trading should help me quantify. Would you recommend that I try to backtest? or just come up with concrete rules to trade from and sim it for a month?

My money management is based upon 1.5%-2.0% of my account with a risk/reward of 3:1...I have in the past found myself trading 1:1

I took a look at ninja, My percentage profitable is @ 60% for the month with 1.5:1 R/R

With that said I think my first Rule is

#1 Don't trade without at least a 3:1 R/R

I did not backtest before I started, but I had been following the market for over a year. I have backtested other strategies over the years, but it's hard to quantify price action. It's more about getting a "feel" for the market you're trading...

With regard to R/R, you have to look at the winning rate and trade frequency, as well. I would advise you not to have a set number in advance. Your focus should be on mapping the market, just trying to find trading opportunities. Thenyou have to find entries and exits with good R/R.

This is a process, and if one tries to rush it, it's easy to blow up...

Good "luck"!

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #17 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received

notes

I am going to focus on the 6E Swing Trade Starting on the Open of the Globex.

On Tuesday I observed a large commercial distribution occurring via cumulative delta, the pull back has ended and the scale is teetering on a continuation of the down trend. I am looking to get short on the rejection of value area low. One of my rules is to not take any trades in the value area unless the instrument is range bound. I will enter the trade with a basic A,B,C type pattern and set my stop accordingly. I have found potential targets that offer a good R/R but I am looking for a large move so patience will be tested "don't take quick profits"

Attached Thumbnails
K.I.S.S. Journal-candlechart_6e-eve.png   K.I.S.S. Journal-candlechart_6e-6.15.11.png  
Reply With Quote
 
  #18 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received

Big picture

Looking at the 60min for bounce off the blue trend line, other time frame sellers made a nice trend candle on the 60min. Would like to see the trend continue on the retest of the 5min lower trend line.

I am in the process of learning MP... I think I would call today a trend day?

Attached Thumbnails
K.I.S.S. Journal-base_study_6e-6.15.11.png   K.I.S.S. Journal-candlechart_6e-6.15.11_10.00.png   K.I.S.S. Journal-marketprofile_6e-6.15.11.png  

Last edited by Presto; June 15th, 2011 at 02:38 PM.
Reply With Quote
 
  #19 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received

afternoon update

It is looking like an accumulation is starting to take place and I am looking at closing the position @1.4120 if it gets back there. I may be stoped out @1.4169 I would expect price to test the 4120 again before getting a pullback. I need to see some good momentum on the retest of 4120 to stay in the position.

Attached Thumbnails
K.I.S.S. Journal-volumebreakdown_6e-6.15.11_11.30.png   K.I.S.S. Journal-base_study_6e-6.15.11_11.30.png  
Reply With Quote
 
  #20 (permalink)
Speculative Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: TOS, IRT
Broker/Data: Velocity/iQfeed
Favorite Futures: Currency, Dow Futures
 
Presto's Avatar
 
Posts: 42 since May 2011
Thanks: 28 given, 37 received

Swing trade closed


I have been watch price action on the 5min and see a large inventory to clear @ 1.4120 so I'm out....Price may continues down., but what I see is the smart money Accumulating/covering or whatever you want to call it. Cumulative delta has stayed flat and a 300point move is bound to see a pullback of some significance...


Off to find the next trade.

Attached Thumbnails
K.I.S.S. Journal-candlechart_6e-6.15.1_closed.png   K.I.S.S. Journal-volumebreakdown_6e_closed.png  
Reply With Quote

Reply



futures io > > > K.I.S.S. Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
T's Journal Tmanbone Trading Journals 37 August 9th, 2012 04:52 AM
Jtradr Journal jtradr Trading Journals 7 February 11th, 2011 10:13 PM
Need Help with Journal Template grego Elite Trading Journals 2 August 14th, 2010 03:52 AM
G's journal gfg1 Elite Trading Journals 58 June 10th, 2010 02:31 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 11:17 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.16 seconds with 20 queries on phoenix via your IP 54.227.51.103