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Short term TF trading


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Short term TF trading

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  #11 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

I would love to hear how ya'll stats compare to this. Certainly not to say someone is better than the other, but I just really don't know if my results are mediocre at best, fair, great, or what! I don't know any other traders, so I'm really in the dark, and that's a huge reason I've started this journal.

Any feedback is appreciated. I don't care if you run my through the mud or whatever you think I need to hear! I seek truth above all else.

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  #12 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Here's some stats I keep up with to measure efficiency of my trading. It's a slightly different take on the old MAE/MFE concept combined with the trade efficiency concept. I've never seen them charted like this elsewhere.

TOP LEFT CHART - TOTAL EFFICIENCY
Tells me, from the time I entered the trade until the time I exited the trade, how many ticks I took from the market vs how many total ticks were available. Total available ticks would include ticks against my position, as well as ticks the market went in my favor beyond where I took profits.

TOP RIGHT CHART - ENTRY & EXIT EFFICIENCY
This breaks down the top left chart from total efficiency into it's component parts:
1) Entry efficiency = The difference in (entry price) and (max adverse excursion price). So it gives a representation (in ticks) how efficient my entry was. How much better could it have been?
2) Exit efficiency = The difference in (exit price) and (max favorable excursion price). So this tells me, ok you exited here, but how much better could your exit have been?

BOTTOM LEFT CHART - MAE, MFE, & AVG P/L OVER TIME
Each point plotted shows - ok for the last 10 trades you took, what was the farthest the market went in your favor (in ticks), what was the farthest it went against you (in ticks), and how many ticks did you average P/L for those 10 trades.

BOTTOM RIGHT CHART - MAE, MFE, P/L FOR LAST 10 TRADES
Each line represents a single trade. At the far left it shows how far that trade went against me (MAE), follow that line up to see how far it went in my favor (MFE), and then follow that same line to see where I closed out that trade within that range of MAE, AND MFE.

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  #13 (permalink)
Taipei Taiwan
 
Experience: Advanced
Platform: NinjaTrader
Broker: AMP Clearing
Trading: TW
 
Posts: 693 since Jun 2009
Thanks: 434 given, 464 received


I look at Win/Loss ration, %wins and MAE.

I want to know how musk risk I am putting on so the MAE helps me a lot. A rolling W/L ration and %win gives me a good idea of where my trading is currently. ( The other stats are useful as well )

Math. A gateway drug to reality.
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  #14 (permalink)
near Paris, France
 
Experience: Beginner
Platform: -
Trading: -
 
Nicolas11's Avatar
 
Posts: 1,071 since Aug 2011
Thanks: 2,232 given, 1,749 received

Hi,

Thanks for having opened a journal!
Your methods resonate with mine (still SIM) and I am looking forward to reading you again.
And, if you look for a positive environment, futures.io (formerly BMT) is the "place to be".

Nicolas

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  #15 (permalink)
Athens - Greece
 
Experience: Intermediate
Platform: NT
Broker: ODL
Trading: EU
 
Athan's Avatar
 
Posts: 27 since Jan 2010
Thanks: 3 given, 9 received

Thanks for your journal.

It would be nice if you could continue the youtube videos and even better if you could record on video trades taking live either winning or loosing. Both would be nice.

It would help understand your way of trading much better.

Thanks

Athan

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  #16 (permalink)
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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Posts: 2,302 since Feb 2010
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indextrader7 View Post
Took 18 trades in an hour, which is very busy for me.

That's ok... your broker will love you....

Great Journal. Thanks for posting....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #17 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Good morning all. I think I'll try and record some trades live today. I only have a 5 min window to do so with the record software I use, and I'm not wanting to create a distraction. We'll see how it goes.

Happy hunting.

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  #18 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Got caught in a early trendline break, and added to the position at the 250 tick support level. Managed the first position to +1, and the 2nd to +15 ticks.

https://www.screenr.com:443/tzM8

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  #19 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

short a trendline break at the top of the range

didn't work out immediately (result -5 ticks), so waited a bit.

Re-entered short on signs of downside movement again, and it didn't work out either. (-6 ticks)

Screenr - indextrader7: trades

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  #20 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Finally a nice winner. A gift of a trade.

I was long 4 contracts when I started the video (from the most recent blue dot).

Tightened stop, then took 1/2 off at previous resistance, then it just kept running and running and I manually moved my stop up with price action until stopped.

1st half off at +17 ticks
2nd half off at +39 ticks

Screenr - indextrader7: finally a nice win

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