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

  #31 (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
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Pre-market analysis for March 22

My preparation for tomorrow.

Also psychologically, I am getting impatient.
I have started a journal all right. But due to workload I am unable to fully devote all mornings to my trading. That is why I finish trading after the first couple of trades (or rather only one, if profitable). Honestly, I am not frustrated when seeing the big moves after I withdraw from the markets. I am just getting impatient that I cannot practice more.

Anyway, I still regard it as a huge experience. I do trade, I do replay my trades in my head and on PC, I do visualize next trades. It is great that every day I can see the same setups, though slightly different. I learn every day. I can't wait till April. I have already booked a whole week purely for simulation, paper trading, replaying, paper trading, replaying. Luckily, NT has the market replay function and I record everything. Thanks to the slightly changing situation in our family, I hope I will not have to devote so much time to my "paid" work in April and focus on trading in the morning plus continuation in the journal.

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  #32 (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
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My paper trade for March 22

Posting early to remember everything.

Today I again confirmed several important things. But first lets do the trade summary:

Trade #1
The S/R area was quite far, the volume was quite low. Still it was relatively correct setup, however, with some contradictions. Tight SL.
Result: -3 ticks/contract

Trade #2
A valid setup. But I forgot about the report... It was obviously negative. Afterwards the market ran like crazy - a new experience. Wonderful!
Result: -4 tics/contract

Trade #3
Chasing the market, first short... Pressed the Close button by mistake ! It turned out as the only right thing today.
Result: +1 tick/contract

Overall result -12 ticks.

LESSONS LEARNED
- I am currently unable to "quickly" change my "mind mode" from short to long or vice versa. Maybe the second point will help:
- Currently it seems that I place SLs correctly based on my criteria. I need to realize that if those criteria are no longer valid, i.e. my SL is hit, the market is probably heading in the other direction and I should look for setups (trend or countertrend) in the other direction.
- As soon as I have some loosing trades, I tend to want to trade more to regain all back. The feeling is not that of "revenge", I am just disappointed a need to recover (my third trade today was such).
- This was my first real experience with report. I usually have just a vague idea, but today it did not pay. Market ran away.
-I need more losing trades to learn . It means more exposure to trading. Mentioned in yesterday comment with pre-market analysis.

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  #33 (permalink)
MATrader
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Futures Experience: Beginner
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Broker/Data: IB/OEC
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Pre-market analysis for March 23


My preparation for tomorrow. We started to accept value below LTF VAL. Will we confirm the downtrend or will we go back to value?

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  #34 (permalink)
MATrader
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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
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Practicing losing :)

Despite today being a loosing day...

Trade #1
Aggresive countertrend entry on just the slightest hint of what the market can do, tight SL. Stopped out.
Result: -2 ticks/contract

Trade #2:
Aggresive countetrend. Was thinking too much . This time my SL was too tight, however from the outside-of-market viewpoint, I would not trade it otherwise. Stopped out.
Result: -2 ticks/contract

Trade #3:
This was just a test of my trend signal with wider SL. I tried to change the mode from bear to bull. Stopped out.
Result: -4 ticks/contract

Then I finished trading because I had to leave.

Overall result: -16 ticks

...I do not feel disappointed. I was trading influenced by yesterday wonderful webinar about risk . Got more aggresive, will have to test this approach of course, but I like it. The fact is that I used "information risk" today, got stopped out several times but the individual losses were so negligent that I was still able to focus on what the market was doing. THAT IS WONDERFUL! I know that a lot of trades and small losses can wipe out my account (that is why I am on SIM) but after many many attemps. Also, it is really good to my emotional capital.

Thanks for following me.

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Last edited by hadamkov; March 23rd, 2012 at 10:03 AM.
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  #35 (permalink)
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  #36 (permalink)
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WEEK 3 SUMMARY

This week total is -4 ticks.

All the lessons learned are pointed out in the relevant posts. Most important for me is the realization that I need to practice loosing. I may have found out my current "acceptable" risk level.
At the end of the week I tried to trade according to the last webinar by FT71, however this is not a tested approach and I have to see to it more to be able to incorporate it into my trading. By I liked the ideas about "information risk" and "price risk".
Currently, I will try to revert to my "tested" trading strategy.

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  #37 (permalink)
MATrader
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Platform: S5 Trader, Jigsaw, SeasonAlgo, Sierra Chart
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Posts: 489 since Nov 2011
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Pre-market analysis for March 26

My preparation for tomorrow.

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  #38 (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

Frustration

My trading today was really frustrating.

Trade #1
Got aggressive long, stopped out.
Did not follow my preparation (I said I cannot be aggressive without proper backtest first and I was despite of that), as a consequence did not follow my trading plan (due to aggressive entry, I entered on a completely invalid setup).
Result: -8 ticks total

Stopped trading because I had to work but watched the downmove. Got frustrated even more. If only I have followed my plan... .

LESSONS LEARNED:
Am still frustrated and cannot think of it now.

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  #39 (permalink)
MATrader
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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

Pre-market analysis for March 27

My preparation for tomorrow.
I hope I will be able to follow the market tomorrow and to stick to my rules.

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  #40 (permalink)
MATrader
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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 27


It seems that I keep on picking up just minor swings.

Trade #1
Entry based on correct setup, followed my plan to the point... Then almost forgot to move my SL to BE+1. Fortunately remembered in time.
Was patient today and entered correctly. Well done.
Result: 9 ticks (RRR: 1:1.125)


Again: It seems that I keep on picking up just minor swings. Today, I felt particularly sorry that I could not trade any more since then I saw beautiful setups exactly according to my plan. It is probably the aftermath of my bad trading not following my plan and reviewing the rules. Also, morning checklist and preparation ignored...
This is what I probably need to write across my PC screen .

Thanks for following me.

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