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Pajot's Trading Journal
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Pajot's Trading Journal

  #41 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

March 6th, starting the engines...

I joined the fray today only after the third bar, but started with two good trades. Almost $150 up.

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The blue arrow for the first entry is right below the red dot at the bottom of bar 4 and took 2 points there. Then 1 point from a short from the red arrow down.

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  #42 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

If ES goes down...


Pajot View Post
..., I like 1350 and 1351.75 as possible bouncing levels.

For going down, I like 1334.25 and 1321.75, later, much later.

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  #43 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

Oh, how I love to be right...



Pajot View Post
..., I like 1350 and 1351.75 as possible bouncing levels.



The 1351.75 was good enough for a scalp and ES is still consolidating in that area... With the reason for 1351.75 of higher importance than 1350 and with sight of the prior bars, I would have not taken a 1350 short anyway. Even 1351.75 is against a strong trend. Most of the time, the levels I calculate work better as targets for profit taking than entries in the opposite direction. So hard to get rid of the habit of trying to figure out where the market will go once a direction is clear instead of figuring out which way is going from here.

Any piece of advice for that?

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  #44 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received


nakachalet View Post
there are some very short videos but not sure how to upload them, or are we allowed to do that to enliven even more lively demonstration of an anatomy of how a live trade progresses positively or negatively to its conclusion.

i presume, my skills and experiences to upload from jing isn't quite sufficient at the moment, sorry everyone. will learn more about on how to upload video from jing later. thx much everyone for your patience. cheers and profitable trading, y'al.

HEY HEY HEY.... what do y'al know.... LOL :

the short video is uploaded at long last, after many agonizing minutes. got to go horsing around with my great great great grand children now.... LOL

nakachalet, you may be able to provide some actual value to this thread, if you share the tools and procedure to capture a video of a trading day into a reasonably sized file. I was asking this in one of my previous posts. Much appreciated!


Last edited by Pajot; March 7th, 2012 at 02:10 PM. Reason: Fix repetition
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  #45 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

Exceptions keeping me out of some good trades today

The gray arrows, one at the top of bar 42, on a touch of a channel line. The other one is the EMA fade on bar 43. Oh, well...

The channel line is semi-automatic and I have to find the time to generate all the channels automatically, like everything else on the chart.

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Last edited by Pajot; March 7th, 2012 at 02:17 PM. Reason: Replace the chart
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  #46 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

Is S&P 500 waiting on clarity about Apple's iPad :)

With AAPL at some 4% weight on the index now, it makes you wonder if the sideways move in barbwire currently on the chart is caused by the ongoing Apple iPad event to figure out where to go from here.

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  #47 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

March 7th EOD -$400.

Not a good day. The work on the code today does not do anything about the profit and probabilities, but only persists the arrows and the touched and disabled lines, so I can still see what happened after chart refresh. I do it by looping through chart objects now and will change to individual save actions for each item I want, because the loop takes too long for busy charts. The manual lines were already there, redrawn and turned active on refresh, so I don't need to apply them again. Of course, the rest is automatic.

After these days, the next chunk of work to put in is on trading ranges. I have the code for manually defined ranges, but I need the algorithm to detect them.

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  #48 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Futures Experience: Master
Platform: ninja
Favorite Futures: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 200 received

pajot, just had a losing trade on 6e today, enjoy.


Pajot View Post

....I understand very little from the meaning of the post.

i just wish that caption on each pix can be included and posted to accompany each pix, so each pix would make sense as to what was the intent of each pix. as is, i agree with you, pajot, without the accompanying caption, each pix makes little sense with the exception for those trading the same instruments and/or for those stingy traders placing tight stops to demonstrate their cowardliness toward unplanned and unforeseen risks.

i'll try to go back sometimes over the weekend to my archive to locate those pix with their captions and repost just the captions for those pix, K? so those pix would make more sense, my apology <wish that whoever writes the program codes would in the near future include captions that come with each corresponding pix, pls. thx in advance, coders.>
------------

.... Can I see some losers and maybe with some explanation how the signal was there and then it didn't work out because of dot dot dot? No explanation of the system either.

pajot, you are in luck, just have had a loser on 6e a couple of minutes ago and it was on video too. could have limit loss to just a 3 or 4 tics but then the label would coverup other significant info, so stop was placed at 7 tics; sold 2 6e at 1.3137, and subsequent stop was placed at 1.3244. that short video is attached.

you know, traders who eat, sleep and play with their chosen indic; could pretty much foretell by looking at their indicators acting in concert, whether or not, if they should bail out before their stops would get hit. it is like foreseeing what is going to happen in the next few seconds before the event actually takes place. enjoy the short video at my expense.... lol
------------
About the indicators. I admit many of them can be useful, but I rarely use anything I didn't write myself. I get dizzy from all these charts posted online with so many graphical items, colors, and things that relate very little to the future success of a trade. My indicator puts a lot of crap on the chart and it organically got this way, an evolution from previous stages. I am still calling mine “the clown” because of the many colors.

pajot, you are a blessed programer who can write your own codes but numerous others like myself have no idea whatever about programming. wish i could be as talented as you are, so i can work on my own codes too; but i just have no talent in programming--got to repeat a class in FORTRAN (?) in '65.... never could forget that.... LOL
----------------
....I am looking and still have to find a good indicator to change my mind. I know they give good and bad signals. From my experience, 20% of the work is in using the indicator and the rest is spent on processing exceptions, which is not an easy thing to do. That's why I mostly focus on context and exceptions in my code, less on the input from 3rd party indicators.

pajot, i can categorically assure you that those practically 'holy grail' indicators are practically all here buried chest deep in indicators section. and it only costs 50 usd to avail oneself to everything, practically....

know what, pajot? there is nothing personal in what i am going to say, ok? but it is an idiotic nakachalet axiom that.... what a trader wants to do or wants to learn on his/her personal level, is really entirely irrelevant to trading successes....

if a trader wants to become more successful, more profitable, more consistent; the shortest avenue to that utopia is NOT what that trader wants to do or wants to learn.... but to do what other successful, profitable and consistent traders practise, day in and day out.... until they become habitual in one's own trading....
------------

I doubt you will reply to this post with a comprehensive description of how to use the indicators to replicate your results.


pajot, you will
be surprised that there are many greater, much greater traders on board here, each specializes in his/her own instruments and markets. and to become proficient at even only 50% of what they are doing.... would take two or three years of on line live screen time. many traders whom i admire immensely also have already practically spelled out everything concerning what a successful trader must develop personally.... spend some extra time on what they counsel, if you have time, K?
-----------------

If the meaning of your post is that I should show more profit and better trades in my journal, then not applicable. My goal is neither to show how good my system is nor to entertain. My goal is to become a better trader, to take my automated system as far as I can, to have accountability given by an honest journal. Also, having to put things in writing forces me to have everything clear in my head first and that's helpful.

pajot dear, i am really not that bold in telling you or others what to do. by no means, pajot, believe me. nevertheless, just humbly wish that you would not try your very best to REINVENT the wheel or whatever indic are already available on board.

tweak them to your likings and your trading styles and your own personalities. most of all, if you not already read big mike's initial, very beginning posts--when the forum was taking shape; and if you have time, try to study big mike's beginning posts in earnest, they are full of guidelines and wisdom which would save you plenty of time toward becoming consistently profitable, is my humble only one man opinion, alright: which could very well be just as worthless as most commercialized touted instant money making indic, so abundantly and readily available for a song.

again, as big mike stated that this thread is a personal journal, a journey of a trader, any trader, toward becoming what he/she wishes to mature into; and i respect and appreciate and more importantly also enjoy reading about other traders' personal trading experiences, regardless whether the experiences are profitable or otherwise. thx big mike for the thread, really.

happy and profitable trading everyone. apologized for my babbling. now, enjoy my losing 6e trade.

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The following user says Thank You to nakachalet for this post:
 
  #49 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received


nakachalet View Post
....[COLOR=#303030][FONT=Verdana]I understand very little from the meaning of the post.

nakachalet, you are alright. This reply changed my first impression of you, which was not great. I thought you troll other people's posts and bomb them wih your awesome charts and profits to show how great you are. There is substance behind that and I couldn't be happier you wrote back. I will reply to some of your points later, but very good info here. Thank you!

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  #50 (permalink)
Elite Member
Toronto, ON
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 148 since May 2010
Thanks: 13 given, 38 received

Surprised to read this in Stocks and Commodities magazine


Maybe it's just me, but my jaw dropped reading the conclusion of an article on futures:

"On a side note, I’m not a fan of using stop orders as a means of risk management or trade entry simply because they defy the logic of buying low and selling high. A stop order is the opposite of a limit order in that it is triggered if the market moves against the trader. That is the equivalent of window shopping for a week and only deciding to make a purchase once the price of the items you are interested in has risen. This doesn’t make financial sense, and the same logic could be applied to the markets."

LIMITS TO LIMIT ORDERS


Last edited by Pajot; March 7th, 2012 at 10:14 PM. Reason: Fix typo
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