Short term TF trading - futures io
futures io futures trading

Short term TF trading

Discussion in Trading Journals

Updated by wrbtrader
      Top Posters
    1. looks_one indextrader7 with 449 posts (941 thanks)
    2. looks_two josh with 36 posts (46 thanks)
    3. looks_3 Victory Trader with 26 posts (3 thanks)
    4. looks_4 cmmichaels with 21 posts (16 thanks)
      Best Posters
    1. looks_one SteveH with 2.7 thanks per post
    2. looks_two indextrader7 with 2.1 thanks per post
    3. looks_3 Traderwolf with 1.6 thanks per post
    4. looks_4 josh with 1.3 thanks per post
    1. trending_up 108,285 views
    2. thumb_up 1,209 thanks given
    3. group 90 followers
    1. forum 797 replies
    2. attach_file 283 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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

Short term TF trading

(login for full post details)
  #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.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Trading Rig Upgrade for Backtesting/Optimization in Multicharts
converting useful Pine Script into Multicharts code
EasyLanguage Programming
Convert H Data TS to NT
Thanksgiving 2020 Fundraiser - lets be grateful!
Feedback and Announcements
Historical option expirations
(login for full post details)
  #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.

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.

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?

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.

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.

Attached Thumbnails
Click image for larger version

Name:	efficiency metrics.gif
Views:	288
Size:	37.6 KB
ID:	70967  
Reply With Quote
(login for full post details)
  #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.
Reply With Quote
The following user says Thank You to traderwerks for this post:
(login for full post details)
  #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


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, (formerly BMT) is the "place to be".


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Nicolas11 for this post:
(login for full post details)
  #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.



Reply With Quote
The following user says Thank You to Athan for this post:
(login for full post details)
  #16 (permalink)
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
ThatManFromTexas's Avatar
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,331 received

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!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
(login for full post details)
  #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.

Reply With Quote
(login for full post details)
  #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.

Reply With Quote
(login for full post details)
  #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

Reply With Quote
(login for full post details)
  #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

Reply With Quote

futures io Trading Community Trading Journals > Short term TF trading

June 9, 2013

Upcoming Webinars and Events



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
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