Miltons Lost Paradise Daytrading Journal - futures io
futures io



Miltons Lost Paradise Daytrading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one ollivermilton with 39 posts (35 thanks)
    2. looks_two bluemele with 18 posts (4 thanks)
    3. looks_3 vovan348 with 3 posts (2 thanks)
    4. looks_4 Big Mike with 2 posts (3 thanks)
      Best Posters
    1. looks_one linkon7 with 3 thanks per post
    2. looks_two Big Mike with 1.5 thanks per post
    3. looks_3 ollivermilton with 0.9 thanks per post
    4. looks_4 bluemele with 0.2 thanks per post
    1. trending_up 8,062 views
    2. thumb_up 49 thanks given
    3. group 7 followers
    1. forum 65 posts
    2. attach_file 15 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Miltons Lost Paradise Daytrading Journal

(login for full post details)
  #1 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

Hi traders!
--
Welcome to my journal!
It took me quiet some time to actually convience myself to write a journal - although I defenitly always understood the good reason and the value of a honest good journal. But for some reason I always denied to write journals, maybe out of laziness and I guess out of fear for having to confront myself with reality and kicking myself out of the bubble and get over the joy of selective perception. The reason why I finally will publish on a regular basis is simply because of the progress I expect to make since I cannot lie to myself anymore because all is now public and you guys would bash me.
--
After reviewing a lot of trades and after a lot of thinking I came to the point that most of my mistakes are from a mental nature. Surprise. Mens greatest enemy is his own ego. There are plenty of trades that I have done, simply because I wanted to trade and not to wait but more like in an unconcious state of mind. Patience. I think patience is my personal holy grail. And this in like every aspect of life. Even as a teenager I was very bad in having patience in getting laid and nowadays I really hate to wait in the supermarket in a row and I totally hate to be stuck in a traffic jam, this drives me really mad
Also my selfconfidence is a little scratched as I lost a little money some time ago - when japan got crushed by the earthquake. I then went to sim, went back live, did well, stayed live, lost, relized I know a very little of nothing, studied, went sim, went live, lost, went sim, went live, won, stayed live, lost, went sim, went live won and then lost agin ad nauseam.
But the annoying thing about this is that I always knew that 1. I know better and 2. I could do better as I would bring my mind closer to the presents but because of my lack of patience and my lack of mentality I sometimes had a really big issue with concentration and awareness which caused a lot of stupid action. And quiet often I realised this within seconds after I opened my position. So I am done with this behaviour.
--
So whats the status quo:
Since a couple of days I am doing really well. I always have a vision which I am looking for but if it does not appear than I stay flexible and go with the flow. I readjusted my setup a little bit and I do focus now a lot on price action. I am just very noobish in reading price action as I just started to studying but the very little I know serves me well so far. I am using different time frames, tick charts, keltner channels, trigger lines, macdbb. I will stay in SIM till I feel 100% comfortable for a good period of time. I will only trade intraday and only the first two hours of the opening. I will mainly focus on the ES.
I started yesterday with a SIM bankroll of 5K and did since than 6 trades my current bankroll is now 6900. 2 stopped out and 4 successfull. I will trade with 2 - 4 contracts depending on the situation. My target is to be consistent in taking trades. So before entering a trade I will always define the target. I will always make sure that I have a good risk to reward ratio and that the direction fits in my vision. Generally I will work with tight SL and will use the latest pivots as SL or sometimes triggerlines or anything else - all depends on the situation. I try to take as less trades as possible and only trade what I understand and what I know. I do not want to trade casino roulette style.
My big picture goal is to reach a certain level of skill which allows me to be on a consitent level profitable. I would like to trade as I reached a certain bankroll level with 10 contracts but doing it with the same coolness like trading just one contract. This will take time but no master fell from heaven so far.
--
I will not be able to trade every day - as I got a job and still go to university which I am about to finish - but I will try to trade as much as possible.

I will provide screenshots and a small commentary to my own screens (my vision, my thoughts, my reflections). I will try to make videos aswell but I dont have a mic plus I am shy . I truly would like to invite you guys to watch, see, and leave comments and any sort of inspirations and support me with your knowledge and insight in trading.
--
Btw: Mad props to big mike for putting this forum into life! awsome job!
--

So.... enough said....

Good luck & trade well

Wild wishes

Milton



P.S.: Screenshots of yesterday and today will follow on the next post in a while, as i am not home yet... and pls excuse some spelling or grammer mistakes, i am not a english nativer speaker...

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to ollivermilton for this post:

Can you help answer these questions
from other members on futures io?
Is there a way to rename an existing trade?
MultiCharts
Futures education program reviews
Trading Reviews and Vendors
AMP discontinuing its co-location server? Which futures …
Brokers
Multichart NET: where can i find esplanation on CustomIn …
MultiCharts
Thinkorswim MACD Thinkscript
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
42 thanks
Big Mike in Ecuador
28 thanks
The tiyfTradePlanFactory indicator
25 thanks
EdgeProX from Edge Clear
24 thanks
 
(login for full post details)
  #3 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received


here are my charts of today and yesterday.
my approach usually to trading is that i start to look at the higher timeframes to get a impression of the overall direction; the big picture. then i look at the movement of the market and try to evaluate if we are focussing a movment along the overall direction or if we are in correction or consolidation of the current trend. that gives me an idea about the positions i am seeking and the targets i am aiming to. also by looking at priceaction i can figure out if the current move - whatever direction it is currently moving - is weak or strong. also i keep my eye open for bar patterns or specific pivot areas like double tops and/or bottoms or flags or etc. then i break it all down step by step to the smaller timeframes until i finally have a good vision. depending on the markets speed i will choose to trade from the 987 or 610 or even smaller timeframes.
--
todays and yesterdays ES have been pretty similar about the vision. by looking at the bigger timeframes i saw that we have broken a nice bulltrend and that we are now in a range with a slight downwarddrill. by breaking this down to a lower timeframe and by looking at price action i found a good entry at the midband. i had - what i call midbandivergence - on 1597 macds and they also started to roll to the downside on 987. the first half of my position got closed at my target the outer band - i then closed the second half as price showed weakness i could go for new low. what supported my decision in taking a short was the 5 minute chart which showed strong momentum to the downside wide small triggers and large triggers. Macd of higher timeframes also showed down.
--
wild wishes
milton

Attached Thumbnails
Click image for larger version

Name:	10112011ES.png
Views:	206
Size:	1.13 MB
ID:	54614   Click image for larger version

Name:	10112011ESBTF.png
Views:	132
Size:	1.11 MB
ID:	54615   Click image for larger version

Name:	09112011.png
Views:	107
Size:	1.07 MB
ID:	54616  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #4 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hello everyone!
--
today was a pretty lame day in the morning US session.
premarket would have been more attractive but i havent had any time.
--
by looking at the higher timeframe i defined a target of 1275 first and then 1288 yesterdays high. this would be a nice doubletop. so the trend today was up. I first went long at 1256,50 after price couldnt break through the midband but i was to fast with SL so i get taken out + 1 tick.

since the market really slowed down and because of lot of divergence at macd i was looking for a retracement on the 987 chart. i went in for a short from the midband since everything pointed down. macds down + bearish divergence, price action down, broken midband. unfortunatly the divergence got broken and i got taken out.

i then went long as smaller macds started to push up and price action also move upwards. unfortunatly i got a bad fill. i scaled out my position after 2,5 points because price was showing again weakness and i didnt feel comfortable trading today.
--
have a nice and relaxing weekend!

wild wishes

milton


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #5 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

here are my screens of today

Attached Thumbnails
Click image for larger version

Name:	11112011ES.png
Views:	114
Size:	1.08 MB
ID:	54659   Click image for larger version

Name:	11112011ESBTF.png
Views:	88
Size:	1.08 MB
ID:	54660  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
 Mickey Caine 
Kent, England
 
Experience: Intermediate
Platform: Sierra
Broker: Infinity
Trading: Oil
 
Mickey Caine's Avatar
 
Posts: 196 since Jul 2009
Thanks: 1,605 given, 348 received

Hi olliver

may I suggest, when posting your charts, you break the screen up a bit, so as to show maybe just one chart at a time. Your picture looks very pretty, however it is, to my eyes at least, utterly illedgible. Thanks

And many wild wishes to you to.

MC

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Mickey Caine for this post:
 
(login for full post details)
  #7 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

just click on the picture... as it pops up click on it again... you can zoom into it... so it should be very easy to read and see... but i post nextweek as your requested...
--

milton

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Olliver,

Welcome aboard.

Good looking charts. haha...

What do you use the PRICE ACTION SWING for? How are you working with it? Looking for 'harmonic' patterns or just helping you see PA?

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #9 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received


bluemele View Post
Olliver,

Welcome aboard.

Good looking charts. haha...

What do you use the PRICE ACTION SWING for? How are you working with it? Looking for 'harmonic' patterns or just helping you see PA?


thx...
hehe...
nice colour, isnt it?!
--
you mean by price action swing the 5 min chart? right?
the 5 min chart is my chaperone... it tells me if its legitimate to enter a trade or not... i only enter trades if the 5 min chart is in my favour... never go short on a tick chart when the 5 min is pushing up...
the strength of the 5 min chart is defined by the small and large triggers...
--

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received



ollivermilton View Post
thx...
hehe...
nice colour, isnt it?!
--
you mean by price action swing the 5 min chart? right?
the 5 min chart is my chaperone... it tells me if its legitimate to enter a trade or not... i only enter trades if the 5 min chart is in my favour... never go short on a tick chart when the 5 min is pushing up...
the strength of the 5 min chart is defined by the small and large triggers...
--

No, the indicator you have on your chart that shows the HL/LL/LH/HH and the %...

Just curious on how you are using it.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #11 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

ah i see...
i got this one new just a couple of days ago...
i am just using it for overall priceaction and the bigger picture but i am not really paying attention to it in detail since price action in general is also very subjective and it doesnt really help in timing entries or exits...
but its kinda useful when you need to have a quick look at a bigger chart and you see those HH HL pointed out...

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi traders!
--
i call it the day...
i have done two trades today...
--
first my vision was that we will retrace from the 38 on the 10K chart for a deep retracement and then continue more to the downside. so i thought that i am very smart and go long to get the point from the 38 to the deep. i waited to find an entry at the 987 but there was a lot of blurry pushing going on at the midband. finally i found an entry and went long. but just seconds after i entered my trade i could see the macdbb starting rolling over to go short. so i exited break even. and i immediatly went for a short.
the reason why i was going long in the first place was that i expected a much deeper retracement to the upside, also the priceaction gained momentum and and the large triggers started to widen which usually is a sign of strenght. also the bars of the 5 minute chart were breaking out of the downtrend. although it was a risky trade because the overall trend is/was down. so i am lucky to got out BE.

the short was clearer to me. after i got out of my long trade i saw that priceaction actually isnt going to make a new high and that we have actually made a lower high on the 987. the macds started to roll over and by looking at the 1597 chart i saw that we are seeing also rolling over macds. also by looking into the past the area of resitance is strong to the upside plus the overall trend was down.

my first target was the doublebottom at the 987 which got executed. i trailed the second half of my order by using the last pivots.

i made 5.25 point with the first half. and 6.25 with the second half of my position.

--
have a good day!


milton


P.S. there will be no trades tomorrow as i got to work.

Attached Thumbnails
Click image for larger version

Name:	141120111597ES.png
Views:	104
Size:	633.7 KB
ID:	54821   Click image for larger version

Name:	141120111597TF.png
Views:	85
Size:	940.7 KB
ID:	54822   Click image for larger version

Name:	14112011ESBTF.png
Views:	71
Size:	1.05 MB
ID:	54823  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #13 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

sry... something didnt work with my previous screen...
below you find a new 1597 chart...

Attached Thumbnails
Click image for larger version

Name:	14111597Chart.png
Views:	86
Size:	400.0 KB
ID:	54824  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #14 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received



a very inspiring video by jeffrey tucker....

get a glass of bourbon, smoke a cigarette and enjoy the lecture...

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

a tough day...
i guess it was the news... too much news for my taste....
i had a clear vision when i first started but i screwed it because i wasnt feeling very comfortable with my position... the market moved different than usual so i moved my SL to + 2 ticks... of course the market retraced and my SL got triggered.... if i would have left my SL below the midband i would have cought the whole long trade and i wouldnt have done anymore mistakes...
--
my second trade was short... i have taken this one because the midband was broken, we had strenght at the macd, small triggers have been wide and the large triggers showed weakness in the current upmove... after my position was positive i moved my SL to BE... it got filled a second afterwards... hehe

i tried another short, also break even.

then i went short again and got taken out. - 1,25 points.

and then another short which made up my losses...

so i am + 100 USD for this day... the market isnt not clear to me anymore so i take the money and run...
i will be back tomorrow...

next time i should take it easier with my SL and relax and the let the position work its potential out...

have a good day and good luck!

wild wishes
milton

Attached Thumbnails
Click image for larger version

Name:	16112011ES.png
Views:	88
Size:	1.14 MB
ID:	55010  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #16 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received

Olliver great charts. May I ask what the green and yellow indicators are that are encompassed within your keltner channel and what the settings are.

Thanks
Hector

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi hector!
--
thx for reading my journal!
--
the yellow & green big lines are my large triggers.

lin. reg. (80) & Ema (lin. reg. (80), 20)
--
when the triggers are falling they turn yellow, green when they are rising.... thats just a fancy gimmick... nothing special...
--
stay tuned!

cheers

milton

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #18 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received

Thanks Olliver I really appreciate it. Looks like it at least gives you some since of direction.
Great journal you are starting, keep it up. Would like to see your results as they are developing.

Thanks
Hector

Reply With Quote
The following user says Thank You to hector24 for this post:
 
(login for full post details)
  #19 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hm.... well...
i dont know where to start..
i have learned a couple of lessons today....
but at first, i just wanna say this was the worst day of trading ever for me...

i think the major reason why i got it all wrong was because i had a lot of other stuff on my mind and i wast prepared at all for this day...

but my performance and behaviour was so bad that i am actually embarrased of myself. i have broken nearly every rule that i have and i wanst even concentrating on the trades. i had poor entries, no vision, poor moneymanagement, poor trade handling, poor patience, poor chart reading, poor reading of the indicators. and the worst thing is that i knew all this even before i started trading but even then i choose to participate. this was a classic "jump out of the window" day...

some could say: heads up... its only sim... but for me its still a shame because it is not about the money it is more about showing disciplin in applying to my own structure and guidelines... today this wasnt doable for me...

after i went into losses i tried to catch all up and it got worse.. actually this is one of my golden rules... but for some reason my inner demon gave a s*** about it...

never trade when you are not prepared and did no analysis of the market.... also one of my rules... but today i acted like i never heard this before.... it was like driving a porsche after a bottle jacky before you even drove a usual car...

entries... are clearly defined... today i was lost in the chart... i chased trades and then i got a bad fill and it all went against me... usually i dont have a problem with reading charts and waiting for set ups... today it was like i am mentally retarded or drunk or whatever...

SL... terrible today... i dont know what i was thinking... probably nothing special...

vision... i knew it was long but i believed for some reason i am smarter than anyone else and went short....

the markt was again newsdriven.... thats really hard to trade... actually its silly to participate in this condition... i never do this usually... but today i was somebody else...

but... i guess this was a lesson that i had to learn... i take the bitter pill failure and swallow it and call it the day... this are my 15 minutes or trades of shame...

but i will be back tomorrow...

--
* never trade when your mind isnt clear
* be patient
* only trade when your vision is clear
* only trade what you see and not what you might expect that might will occour maybe sooner or later...
* stick to your structure
* call it the day when things are not running
* never chase a trade
* never try to make up losses
* never try to hard, relax, think through and go with the flow
* never overtrade your account and destroy previous profits
* protect your wealth
--

good luck!

wild wishes

milton


Attached Thumbnails
Click image for larger version

Name:	17112011ES.png
Views:	80
Size:	327.8 KB
ID:	55119  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Every trader has these days.

You can easily make this back in a few days.

It happened to me also today except I scalped my way back to even with a WHOLLLLEEEE bunch of trades and I didn't even deserve it. I was acting like it was SIM. I do that it seems less and less, but getting better.

You are a good trader, hang in there!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #21 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

thanks for your kind words blue!
i let it go... but still i was really disappointed.... but emotions are like prices... once you are on a high you get back to a low to later make a new high...
--
off topic...
for all those interested in economics, i found this video; a nice potrait of one of the most impressive economists of the last century... enjoy watching:


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #22 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

alright...
i have done no trades today...
i missed the opening as i was stuck in the traffic on my way home, since then i couldnt find a entry...
--
i call it the day...
--
have a nice weekend everybody!
--
i will be publishing videos recording my trading - hopefully with monday!
--
wild wishes

milton

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #23 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,558 given, 98,588 received

Always fantastic to see another new journal. And I look forward to the video journal as well.

Good job so far.





Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #24 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi guys!
--
unfortunatly i could not trade today...
i had to reset my computer as i had major problems with it...
i will be back in the market on wednesday as i got to work tomorrow...
--
hope you had a good start in the week...
--
wild wishes
milton

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #25 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

ok...
i had the vision... i knew it was short but i did not trade as i read the there is thanksgiving in the US...
so i just sat back and watched what was happening in the market... i looked at the TF...
--
the speed of the TF was nice today... easy, smooth and relaxing...
i have seen 4 possible entries today... as marked in the chart...
--
first target today would be 676 but with more potential to the downside...
---
i call it the day as i have to return some videotapes
--
have a nice day everyone!
--
wild wishes
milton

Attached Thumbnails
Click image for larger version

Name:	23112011TF.png
Views:	84
Size:	1.11 MB
ID:	55516  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #26 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi traders!
--
i traded the TF today but i have not taken any trades...
the market was very slow moving and i got a lot of wrong signals from my macd...
i also waited for a bigger short which never appeard, as of yet... but also the long side was not convincing to me... honestly i expected a gapclose but then the market started to trend up in small steps... i saw one or two entries but i wasnt to sure about them so i left it out... now i got bored and decided to call it the day...
hopefully there will be more movement tomorrow...
--
have a nice day!
--
wild wishes
milton

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi traders!
--
what a day!
first i overslept because my mobile didt ring because our electricity went down in the night and i had it on the charger. then i got a ticket for speeding and then my stupid camtasia program didnt work and it took me a good hour to figure out that it strangley got currupted by the divxplayer that i have downloaded a couple of days ago. as soon as i deinstalled the files my camtasia worked. so i missed the opening and i was kinda pissed today.
--
anyway...
i recorded a little video but it did not get as good as i expected it. i am not that much talking and explaining as i was in a bad mood and not relaxed. but in future i will get into more detail.
i did a couple of trades and made some investments (stopped out) to the market til i finally get on a nice short.
i called the 38 retracement on the 1597 chart as my target and it got hit as i have seen right now.

i should be more picky with choosing trades and be a little more relaxed with trailing and thinking through my trades a little bit better. i would have gotten more down with my last short the the 61 extension.
--
tomorrow i will also be starting a bit later.
--
have a good day!

wild wishes
milton

P.S. below you will find a link to screencast. it will lead you to my video. i dont know how to put a screencastvideo into my journal.

follow: 1LOG.TF.29112011 - olivermilton's library

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #28 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

I highly suggest getting a youtube account.

then you put your entries with [ yt ] video [ /yt ] (take out the spaces)

Maybe try [ screencast ]video[ /screencast ]

Thanks for sharing!

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #29 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hello everyone!
--
i was totally motivated for today but i decided to stay away from todays market...
much to much volatility... the market was not really clear to me today... fedaction and various fundamentals disturbed my vision...
--
see ya tomorrow...
--
wild wishes

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #30 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

wooohaaa!
--
today was - finally - a good day...
i made one gift at the beginning of todays session. reason was, i expected the TF to go down further more and then continue the move to the upside. instead the market went up straight but could not break the high of todays premarket. i then took a short and got on a nice easy run down but i could have done better. again i was to fast with trailing my SL although i knew and called the markets continuiation to the downside. i could have made easily 4 -6 points. but ended up with 1.9.
--
i got to embrace much more patience into my trading and also the ability the see things outside the box. does that make sense?
--
all the best!
--
wild wishes
milton

P.S. the sound of my microphone strangley changed during the video... argh... and i realized that my changes have not been saved in the intro... the date and instrument is not correct... sry for that...


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #31 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,558 given, 98,588 received


bluemele View Post
Maybe try [ screencast ]video[ /screencast ]

Sorry the screencast bbcode won't work for videos, just images.

I am working on a new video hosting service at bmcharts.com, and a video capture tool for Windows (like Jing). Give me some time

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #32 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

ahoj traders!
--
today was easy... everything was clear...
the TF did what he/it usually does... so no surprises...
the TF retraced to the 23, slowed down, moved further and then went back for a deep...
i got on a long when the TF was on its way to the deep...
i made 1.6 points... thats good enough for a good start in the week....
--
i wish you all the best!
--
good luck and have good week!

wild wishes
milton


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #33 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Well, I would disagree that this is what the TF 'usually does' because if it does, boy do I have years of losing ahead of me...

What a rangy day with some strange volume where my stops were being slipped by quite a bit... Kind of interesting as there is lot of 'volume', but I guess the order book is thin to get a lot of movement.

Days like today I would like to forget. It seems like every day I choose to head for a long target is the ABSOLUTE WRONG Day to do it....

Funny how I have that backwards... I take little profits on big days and big profits (losses) on little days...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #34 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

thanks...
well maybe i should be a little more picky with my phrases...
but the TF does it enourmusly often... just look at historicals... you know the game
--
the strange thing about longs - to me - is that i need to convience myself much more to enter a position than i need to do with taking shorts... i guess 65% of my trades are shorts...
--
i am still fighting with my shyness... usually i would like to explain a little more about my ideas but then i start stummling in broken english and that is a dislike. i love speaking english but i prefer to be drunk when doing it haha...
--
thanks for watching my video blue!
--
have a good day!
--
now i switch over to yours...

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #35 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
thanks...
well maybe i should be a little more picky with my phrases...
but the TF does it enourmusly often... just look at historicals... you know the game
--
the strange thing about longs - to me - is that i need to convience myself much more to enter a position than i need to do with taking shorts... i guess 65% of my trades are shorts...
--
i am still fighting with my shyness... usually i would like to explain a little more about my ideas but then i start stummling in broken english and that is a dislike. i love speaking english but i prefer to be drunk when doing it haha...
--
thanks for watching my video blue!
--
have a good day!
--
now i switch over to yours...

Please don't punish yourself with my video... haha...

It was terrible.

I got chopped up to bits and beyond. Had one of those, (bad luck) days as well as poor trade management (moving stops).

I had some good entries and all the places I chose to do business were heavy CHOP areas. Kind of funny actually in that I couldn't have been MORE wrong. Now, if this could be a TERRIBLE day and my good days could even these out!

I am curious, what are you saying the market does repetitively?

To me, the 23 is typically not a place to do business in the short or mid term charts. I guess that is why I am wondering what you are seeing that I am not? I have two 23's dependent upon where you take it. It either hit the 23, ranged, then went towards the 38 but never reached it, OR, it hit the 23 and went north to new high's.

I figured it was long today, but finding that right area was tough. And, considering the news, man that probably knocked a lot of 'longs' off their rocker.

I realize you do not speak English as a 1st language, and I wasn't picking on your 'words' but what you meant by the good area.... I guess you were saying the 23 from the deeper pullback and then going to a 76 which was a safe trade right?

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #36 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

ok here is a chart...
the reason why you - probably - have not seen the 38 is because you measured it differently...
i always try different ways of measuring until i find a picture that makes sense to me...
in this case the best picture for me was to start measuring from the bottom of the opening bar...
here you got a nice overlap of the 23, then a little retrace from the 23 and then a continuation to the 38 which it hits perfectly and then retraces to the upside and continues the bullmove.
--
i agree usually 23 and 38 are not good points to take action from but in strong trending it is a good oportunity to get on the trend from the bigger timeframes. as you have seen i have not taken the trade right from the 38, instead i waited to break and close above the midband. of course with confirmation of the macd.
--
but - speaking generally - you quiet often see this situation with the fibs but sometimes it isnt that obvious so you gotta try different measurements...
--
but anyway... i am no expert.... danielle, horst and henry etc. did it in a similar way...
--

Attached Thumbnails
Click image for larger version

Name:	05122011TF.png
Views:	64
Size:	709.1 KB
ID:	56434  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #37 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Yes, I put my fib there once, but decided it was rubbish. (I guess I will look at those again... haha)

Funny, when you decide to make up your mind and you are wrong how much it can cost....

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #38 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

How is the trading going?

I won't criticize your logic today... haha...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #39 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hey blue & everyone else...
--
we had holidays in austria and i took some days off and went skiing...
--
i will be trading again today...
--
@blue
critizing my logic? did i miss something?
btw: i hope you did well... atm i havent had time to look into your journal but i will later this day...
--
wild wishes

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #40 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
hey blue & everyone else...
--
we had holidays in austria and i took some days off and went skiing...
--
i will be trading again today...
--
@blue
critizing my logic? did i miss something?
btw: i hope you did well... atm i havent had time to look into your journal but i will later this day...
--
wild wishes

No, not really. Good luck. Today was a mixed-bag for me...

Glad you had fun. I miss living near the mountains! Austria is so beautiful!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #41 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi
--
i also got a mixed bag yesterday but it was interesting in general.
i made a lot of mistakes which i do nearly everytime i am trading like not sticking to my rules and structure, no being concentrated, being to fast with adjusting SL to breakeven or trailing SL in general.
i got away with a very little profit but i could have made much more if i would have just sticked to my rules.
--
after reviewing my charts before the market opend i definded "short" as the major direction. i waited for an entry - got short - trade went in my diretion - i moved SL to break even - market bounced back - got me out - market continued in my direction. then the market bounced a little at the midband area and i still had short in my mind but for some stupid reason i went long (grrrssharghhaaagh). of course i got stopped out. i then made some trades which all basically ended up in the usual scenario - getting stopped out with little profits or little loses but everything just because i was not trading what i was seeing instead i switched my psychotradingmode on and decided out of the guts about my trades.
as i slapped myself on the head i got back into my structure and i finally made a good trade which put me into the green again. after that i was done as i had other stuff to do.
--
but looking back all this would not have happend if i just stick to my rules. they are still not part of myself.
i mean how hard can it be to be on days like yesterday proftible?! it was really clear to me that we are going down. i called it. the first hour - at least - i was right but still i went against myself...!? why am i doing this? sometimes my brain just switches into zombiemode or something like that. i have no idea.
--
i also made a video of yesterday but unfortunatly my headset is broke so there is no sound. i will post it as soon as i am home.
--
i hope i will get to trading today but i am not sure as i gotta work today and i dont know if i can make it by time....
--
wild wishes

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #42 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Well, you just described 9 days out of 10 for me lately...

You are right, rules rules rules... Stick to the guidelines and life is a lot simpler...

Only take High Probability Trades right...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #43 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
vovan348's Avatar
 
Posts: 460 since Mar 2011
Thanks: 612 given, 405 received

Great job on your journal!!! Keep it up!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vovan348 for this post:
 
(login for full post details)
  #44 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

ok...
it seems like i am locked in a prision of typical behaviour...
scientists could do a in-field study watching me trading... i am a living and good example for history repeating itself.
--
today i was - as often - looking for shorts. thats what i did. i knew it just simply by looking at the bigger timeframes. the picture made sense. no big deal. but then i focused so much on getting in on the spot that i totally lost my macd and so i went in on two trades which have not been valid at all. plus the fib area was also not correct. then short again from the 38. which was the area but i was too early or to late - it depends on how you look at it - so a little pop took me out. but macd on 440 tick showed that we go down so i went in again but then i touched the SL with my mouse and for some stupid reason i accidently moved it just a milimeter towards priceaction and a small pop took me out with like 3 ticks or something. *smackme*.
then i went short again. got a good entrie point and the market moved down.
now guess what i have been doing now. i moved my SL to break even. of course the market pulled back and triggered my SL. But i knew we go down further more so i immediatly went in again and finally enjoyed a nice run down. i trailed my SL and gained a little profit for today. i tried another short which got closed BE+1. altough i knew that more down is going to come i call it the day.
--
i got mixed feelings... the vision was great, the execution pretty lame...
but my feelings are getting better...
--
have a good day everyone!
--
wild wishes
milton








Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #45 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Seems like you have to chop it to 15 minutes otherwise it will get removed for now.

Once you get about 15 uploads, then they will open it up.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #46 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

a good start in a new week....
--
i was looking for shorts today...
i made two gifts and one time got taken out BE.
then i got on a run down for 1.4 points which made up for my gifts and then after a BE SL i got on a nice run down for 2,8 points.
--
i made a video of today but unfortunatly i dont have a new headset so there is no sound in the video.
i will buy a new one soon.
--
have a good day!
--
wild wishes


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #47 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hello...
--
long story short...
yesterday was terrible... i lost 4.5 points trading the tf...
for some reason i could not see a clear picture and i totally felt lost in the market... i did not even have a single clue what the market could go... it went up but for some reason i had down in my mind and so i was totally wrong and the worst thing was i tried to go short for quiet some time. i havent made a video because i was also busy and really pissed off for not sticking to my rules and not being patient. i also tried to trade bigger timeframes and had wider stops.
--
today was really good.
i had a day off today so i traded the FDAX around lunch time and got on a really nice short. i made around 40 points in the dax. then i traded the TF and made 3.3 points... really happy today... i was calm, relaxed and waited till a was clear...
--
it could be that i will not be trading for some time, as xmas is coming up and i will have a lot of stuff to do in january but i try my best not to stay away to long.
--
have a good christmas time and a happy new year!
enjoy your days with family and friends!
--
all the best and wild wishes
milton

P.S.: argh... youtube just deleted my video as i got to long... i will later try to reupload and make it a lil shorter... plz come by later !

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #48 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
P.S.: argh... youtube just deleted my video as i got to long... i will later try to reupload and make it a lil shorter... plz come by later !

Yes, it takes about 15 vid's to get over 15 minutes...

You are getting there soon without worries. I want to see that vid...

I used to play around with FDAX (took only 1 live trade) and boy can that boy move... 40 points is a lot, but I am guessing that is 80 ticks right, or what I would call 8 points.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #49 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received


bluemele View Post

I used to play around with FDAX (took only 1 live trade) and boy can that boy move... 40 points is a lot, but I am guessing that is 80 ticks right, or what I would call 8 points.


FDAX does make nice moves indeed... its around 40 points... 35 with two contracts and 41 one with my third contract... a tick is the smallest increment a market can move or is measured... the tf moves in 0,10 steps, as you know... the fdax moves in 0,5 steps... so one tick in fdax is 0,5 points with 12,5 each tick... you are right, its like 80 ticks but it still is 40 points...
--
anyway here is the video... still with no sound and this time without fancy intro... unfortunatly i was a little late with recording the fdax session as i wasnt really planning on doing a video but still you can see the run that i have taken...
--
btw: thx for reading my journal on a regular basis...

enjoy

wild wishes


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #50 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Great work! I once traded the FDAX where it went up so much without a retrace that I decided I would never counter-trend trade it again. I was sim trading and it went up for like 200 straight points or something crazy like that and I just couldn't believe it. Of course I shorted the whole way while it plowed right through me...

That is an amazing instrument!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #51 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
vovan348's Avatar
 
Posts: 460 since Mar 2011
Thanks: 612 given, 405 received

You did a great job today!!! I should look at FDAX. LOL!!!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vovan348 for this post:
 
(login for full post details)
  #52 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hello...
today was good again...
i made 3 points trading the FDAX and i had a few good trades in the TF although i started really shitty in the TF.
good experience as it showed me right at the beginning how i am not focussed on trading.
i knew right at the beginning that i should mainly focus on long - at least till yesterdays high. there is/was a nice trendchannel on the 440. but for some reason i went short. i made two gifts. but then i got on two nice trades and one time i had pretty bad slippage.
--
all in all i am feeling good.... the shorttrade from the trippletop made me happy...
i could get used to those days...
--
have a nice one...
--
wild wishes



milton

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #53 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
vovan348's Avatar
 
Posts: 460 since Mar 2011
Thanks: 612 given, 405 received

Great trading! I hope we could get some sound. I know you are working on it. I enjoyed it anyway!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #54 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hehe...
yeah i know... but i hate getting in the city ATM because it is packed with christmas zombies buying presents for their loved ones... i hate that.. hehe
--
but beethoven is better anyway than my voice...
--
but after holidays i will be back with a microphone...

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #55 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
hehe...
yeah i know... but i hate getting in the city ATM because it is packed with christmas zombies buying presents for their loved ones... i hate that.. hehe
--
but beethoven is better anyway than my voice...
--
but after holidays i will be back with a microphone...

Yes, Beethoven was very nice...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #56 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

a little sign of life...
--
i am still alive and i still will be posting stuff like screens and videos...
i just took some time off the markets as i was really busy and couldnt really focus... trading without a clear mind is a waste of time...
--
today i couldnt resist... i planned to just watch but then decided to participate but just with SIM...
--
it was - so far - a classic short friday...
--
first i went short but i was too early... the market wasnt ready for further down... so i got out BE+1
then i tried long for some ticks but got also out BE+1
then i finally had a good run down and made 4 nuggets...
a good feeling...
--
wild wishes
milton

Attached Thumbnails
Click image for larger version

Name:	10022012TF.png
Views:	74
Size:	1.18 MB
ID:	62206  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ollivermilton for this post:
 
(login for full post details)
  #57 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hi
--
here is a video of me trading the tf this afternoon (morning)...
--
i got on a nice run down... made around 4.3 points...
--

--
wild wishes

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #58 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

If only every day could be like today. haha..

Nice trend down.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #59 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

yeah... that would be awsome! hehe
today was really easy to read...
--

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #60 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

oh my gosh...
today was a hard day for me...
for some reason i have some issues with long trades... i dont know what it is but i feel very insecure trading long...
--
at the beginning it was clear to me that the market will head up... but i managed it somehow that i just made very little points (poor trade management)... it was confusing... then the market retraced and i had the impression that it might retrace a bit further so i went for a short... i got taken out immediatly... then the TF bounced a little and i wasnt too sure where it might go but i thought the odds for more up are better... but still i tried one more short... at this time i was already back around 2 points and then it got weired... i tried long, it worked and then i thought short again... got out break even and then i tried long because my higher timeframes were telling me now that it is defenitly long but i got taken out again because the TF was bouncy... then finally i got on a nice long i made three points almost... i finish my day break even...
--
what a mess...
--
looking backwards, the TF is/was quiet clear... but because i was looking too much at 144 i got totally confused by its bouncy noisy movements... terrible... i punsh myself for not being concentrated...
--
but my feelings with long trades are strange... i feel totally uncomfortable trading long... weired...
--
hope you guys did better!
--
wild wishes
milton

BTW: i always traded two contracts.. thats why there are so many arrows... i mean i still have done too many trades but just to let you know...

Attached Thumbnails
Click image for larger version

Name:	tf16.02.png
Views:	61
Size:	718.2 KB
ID:	62886  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #61 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

hey...
--
it was a good day... got on a nice move down... made 4.2 points and i got taken out one time...
--
i was thinking a lot of going live soon but i still dont feel comfortable... there is a little fear of losing and making wrong decisions on my mind... dont know what to do about it... any ideas?
--

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #62 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
hey...
--
it was a good day... got on a nice move down... made 4.2 points and i got taken out one time...
--
i was thinking a lot of going live soon but i still dont feel comfortable... there is a little fear of losing and making wrong decisions on my mind... dont know what to do about it... any ideas?
--

You could figure out what 'fear' specifically you have?

Fear of losing? Losing what? You will always have drawdown periods and losing will occur.

Fear of making wrong decisions? How wrong, how often etc..

For me I have to find out how much I am willing to lose in a single session (but I always broke it...)

The mental aspect of trading is the most important in my opinion. There is no way to master it until you are trading live and building confidence live. But, there are babysteps also like SIM and growing the account (like you mentioned).

Why not go live this next week and you only get to make 1 trade per day for 5 days with one contract. See how you react, behave, is it any different etc..?

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #63 (permalink)
linkon7
India
 
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

Fear and greed are 2 emotions that every one wants to control. But we are human and we have to live with the fact that our analysis will be wrong at least 49% of the time. The only emotion we need to be really worried about is HOPE. That is the biggest wealth destroyer. market dangling a carrot on a stick in front of u all the time, will give u hope that as long as u follow ur system like a robot, you will make it big. Fact is, the light at the end of a tunnel is sometimes a speeding train hurling at you at full speed. When the light gets real bright, deer is caught in front the headlight, you are too paralyzed to think. That's when market hits you real hard.

Almost 90% of all traders can report a single trade that went horribly wrong that almost ended their trading career. That single bad trade normally lead to revenge trades and recovery trades. Somehow, a trader increases his exposure when he is out of sync with the market and burst his account in few days of that single trade.

Ideally, best way to gain confidence is to trade very small. The trade size should be small enough that a series of 10 loss trades should not worry you financially. Once the fear of net outcome of a single trade is gone, your executions will improve. Keep a note of how you handled each trade and give yourself room to experiment. When hard earned money is on the line, the heart does weep on every loss. But since the trade size is small, you can count every loss as small down payment for learning experience. Only when you have crossed a set number of good executed trades, increase the lot size marginally. every time the execution suffers, reduce the trade size.

Capital preservation is far far important that capital appreciation. Trading to win normally fails. But those who trade not to loose, always wins as mentally they are prepared to accept negative outcome of any trade.

hope it helps...!

Reply With Quote
The following 3 users say Thank You to linkon7 for this post:
 
(login for full post details)
  #64 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

thx guys for your responses...
--
true.... i am also part of the 90% having a horrible trade on the record...
although i know that i made a terrible silly mistake which could not occur a second time i still have this alarmsignal yelling of not losing in my head, which prevents me from trading the things that i see. instead i would make my decisions based on money and not on technicals...
--
the funny thing is that i know all this... the 90% of trading success is based on mental strength but if i break it down this is typical for trading... theory and experience are two different pair of shoes... in trading you get quiet fast a lot of knowledge but to put this knowledge into practise is a complete different story...
--
the best and simplest idea still would be to simply overwrite my memory with a few good trades that i only can do live...
--
i think about it...

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ollivermilton for this post:
 
(login for full post details)
  #65 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


ollivermilton View Post
thx guys for your responses...
--
true.... i am also part of the 90% having a horrible trade on the record...
although i know that i made a terrible silly mistake which could not occur a second time i still have this alarmsignal yelling of not losing in my head, which prevents me from trading the things that i see. instead i would make my decisions based on money and not on technicals...
--
the funny thing is that i know all this... the 90% of trading success is based on mental strength but if i break it down this is typical for trading... theory and experience are two different pair of shoes... in trading you get quiet fast a lot of knowledge but to put this knowledge into practise is a complete different story...
--
the best and simplest idea still would be to simply overwrite my memory with a few good trades that i only can do live...
--
i think about it...

Yup. I agree, but building up success in SIM couldn't hurt is you treat is like Live. Most people can't, but it is a training wheel, but if you can't do it in SIM than I wouldn't even consider LIVE.

That is why a daily journal and logging is so important. For me pushing my trades to the open air for all to see has a similar ego impact. Nobody likes to lose in public.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #66 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

[yt]http://www.youtube.com/watch?v=68cciZYNqn0&feature=g-vrec&context=G250e77fRVAAAAAAAABg[/yt]

Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > Miltons Lost Paradise Daytrading Journal


Last Updated on February 24, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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