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FESX Trading Journal Using GOM Indicators
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FESX Trading Journal Using GOM Indicators

  #21 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
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Posts: 489 since Nov 2011
Thanks: 860 given, 391 received

No trade today

I said it yesterday.

I said, I was afraid that I would be left out without a trade.
So, today it happened.

The market played beautifully in the morning. It was right at the support level, I could see all those sellers hitting the level without success. I had my hand on the mouse, the order ready, still, I was afraid to pull the trigger so close to the support (I would risk 2 ticks only and I was afraid! Funny, isn't it?). After the buyers showed more action, I fired, however too late. I was not filled.

LESSONS LEARNED
#1
I realized that I need to prepare more thoroughly. I of course do more than just post a snapshot, I have all my S/R levels written down. However, I need to be more precise in scenarios and know what to do on each S/R level. Today I almost hit the sell button on a support. Than I realized what I was doing.

#2
Funny how I got afraid to lose 2 ticks and then tried to place an order with a bit larger risk (and much smaller RRR). I am probably not that agressive but I need to choose the amount of risk.

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  #22 (permalink)
MATrader
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Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
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Pre-market analysis for March 16

Strong buyers today. Will sellers show up tomorrow or will resistance turn into support?
New highs mean "getting into unknown". Down turn means back to value.

Roll-over tomorrow.

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FESX Trading Journal Using GOM Indicators-pre_market_for_16032012.png  
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  #23 (permalink)
MATrader
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Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
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Posts: 489 since Nov 2011
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March 16, 2012 Trades


Today was a roll-over day.

Trade #1
I took the first trade soon in the morning, however it could be seen that the volume is just disappearing. I scratched the trade at a small profit of 1 tick/contract. The reason was that I could not trade due to work and could not concentrate.
Result: +1 tick/contract

Trade #2
After rolling over to the next contract month because of much larger volume and since I had some time free, I made an exception in the afternoon and took another signal.
It played out nice, just a proof that what I trade works every part of a day (what I know already). This time it was rather aggressive entry so I risked only 3 ticks and also planned just a small profit target. Also I did not have my strategy working in NT so I had to manually enter the SL and PT orders.
Result: +7 ticks/contract

LESSONS LEARNED
I need to repeat that state of mind that lets me trade so smoothly.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-20120316a.png   FESX Trading Journal Using GOM Indicators-20120316b.png  
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  #24 (permalink)
MATrader
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Posts: 489 since Nov 2011
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WEEK 2 SUMMARY

After summing all up, this week comes a bit as a surprise for me.
Though it is nothing earth-shaking, my overall result for this week is +18 ticks, one day no trade.

MAIN POINTS FOR CONCENTRATION:
- I still do not really use my checklist. I tend to forget the day structure and the prevailing "force" (my trend fighting). This is probably the consequence of knowing that the markets are cyclical. Thus, I underestimate the force of apparent trend.
- Thanks to NT market replay, I have a plan to go over the reversal situations on various days first, then to go through the trades I would trade. The reason is to get my mind used to such situations and recognize them during their development. I read somewhere that if your mind is empty of such experience, one is unable (logically) to vizualize what can happen and what one should do.
- It seems that my "zone" is closely connected with my emotional state. My last Friday afternoon trade is a clear evidence for me as I received some good news before I sat down at my PC.

Thanks for following me.

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  #25 (permalink)
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Pre-market analysis for March 19

My preparation. With roll-over, we are back at value.

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  #26 (permalink)
MATrader
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Posts: 489 since Nov 2011
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My paper trade for March 19

Today, I was more inclined to take longs as the market is in an upmove.
However I could see that there were sellers active from the bell. So my inclination to go long rather than short and the fact that I did not get any signal are the reasons why I did not trade the move down. One lessons learned from that - see below.

Trade #1
As soon as I saw serious buying coming in, I entered, then quickly moved my SL as soon as the upmove was confirmed and the microsupport held. My initial SL was 5 ticks, then qucily moved to 3 ticks.
I needed to sit tight on my hands but was rewarded by the first target being hit about an hour later. Then I moved my SL to BE+1. I managed the exit of the second contract. As soon as I saw sellers and the noon chop was approaching I closed the trade. I could have waited for some additional 3 ticks but those were not worth the time.
Result: 8 + 4 ticks (total RRR = 1:1.2)

LESSONS LEARNED:
Currently, I trade only my countertrend signal. Today I spot the trend signal after the opening. As soon as I get really consistent with my countertrend signal, I will try to monitor also what my trend signal does. The reason is that sometimes the countertrend moves are much harder and take longer, especially if those are not the first move of the day.
From now on I hope not to forget to mention my total RRR.

Thanks for following me.
From the psychological point of view, I need to focus on what the market is doing and not on the result or my wondering imagination .

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  #27 (permalink)
MATrader
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Pre-market analysis for March 20

My preparation for tomorrow.
Each day is still a bit of a suprise for me.
Hope it will get clearer soon .

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  #28 (permalink)
MATrader
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Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
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Posts: 489 since Nov 2011
Thanks: 860 given, 391 received

No trades today

I have mixed feelings.

I was looking at the markets with only one eye, working. That is why I should not feel too sorry for not participating. Still, I do feel a bit sorry because FESX moved so nicely today and I was even looking at the first setup in the morning without taking it knowing that I would not be able to concentrate on the trade...

Then I placed an order based on a countertrend setup but cancelled it afterwards remembering I will not be able to follow the trade. It was a good decision based on sheer luck as it would be a loss (just of a couple of ticks).

My not trading, however, did not prevent me from thinking about markets. I realized that I was less willing to take the trend signals because I am unable to determine their RRR. But to tell the truth, even with my countertrend signals the RRR is just a vague notion and I try to manage the trade.

Thanks for following me.

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  #29 (permalink)
MATrader
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Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 860 given, 391 received

Pre-market analysis for March 21

My preparation for tommorow. Sellers finally arrived. The MP is skewed so we will see tomorrow if buyers will fill in the narow parts of MP.

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  #30 (permalink)
MATrader
Prague Czech Republic
 
Futures Experience: Beginner
Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
Broker/Data: IB/OEC
Favorite Futures: Eurex Futures
 
hadamkov's Avatar
 
Posts: 489 since Nov 2011
Thanks: 860 given, 391 received

My paper trade for March 21


Today I really had a feeling of getting easy money.

Trade #1
I saw buyers on the open, placed an order and left my PC for about 30 mins having a tight SL (4 ticks). When I came back I could see that the market turned up 1 tick from my SL (proud of judging correctly its placement). Then came the first move in my direction. My first target was hit quite quickly, right now it was on the current high of the day. I managed the second contract and closed it as soon as the microsupport did not hold and I saw selling.
Result: 8+4 = 12 ticks (RRR 1:1.5).

LESSONS LEARNED:
I hesitated but then realized that my SL would be really small. So I hit the button.
Believe what you see.

Thanks for following me.

Attached Thumbnails
FESX Trading Journal Using GOM Indicators-20120321.png  

Last edited by hadamkov; March 21st, 2012 at 09:34 AM.
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