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 106,923 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)
  #401 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


michalmalec View Post
Hello Indextrader7

Thanks for your thread, it's very good. I am new to this forum.

Thanks for yesterday report. you are very honest. We all can learn from it. Especially part 3 video.

I am not somebody who can give you any advice about trading, because i am not so good as you are, but
stay positive and learn from it, in the end it's only 2 600 $, that's not bad for such a lesson.
Think about it as an education. Maybe you can print that last trade and put it above your computer to
remind you to stick with your rules and plan. I have experienced similar thing in my very short trading history


I do have a technical question, if you don't mind to answer?

I did read whole thread and i quite like it, i started to experiment with tick charts this week, just watching them,
not trading from them yet, but i do have a following problem.
I use CQG data, but when i open a tick chart (200 tick) at the start of the session and when i reload that same chart in the end of the session, bars look a little bit different, It is usually good for first two trading hours and then it starts to change a bit, it seems that i am loosing ticks somewhere or i don't know.
I use CQG data and ninjatrader. It looks, that charts in realtime look different from a backfill for the same session, this happens especially when the market is volatile. Can you help me with this, what am i doing wrong?
bad data provider? lag in internet connection? or? What data provider do you use?
Thanks for answer. Hope you don't mind.

Thanks againg for everything and sorry for my english, i am not a native speaker so it's very simple.

Good luck and stay disciplined

Hello, thank you for the tip about putting a picture of the trade up, I think that's a good idea.

I can't help you with your ticks/data problem. I haven't ever experienced anything like that. I use Mirus/Zenfire.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Time Specific Volume Bars for Market Hours? Thinkorswim
ThinkOrSwim
Zig Zag UTC for Ninjatrader 8 or alternative?
NinjaTrader
Add Label help
ThinkOrSwim
Seeking an MT4 Indicator/EA that scans all Currency Pairs to identify setup
Platforms and Indicators
What did you learn from your mistakes??
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
What approach did you take to make progress in trading?
99 thanks
Daytrading.Coach Review
68 thanks
Beware of Feibel Trading - Review
22 thanks
VWAP for stock index futures trading?
22 thanks
Want your NinjaTrader indicator created, free?
21 thanks
 
(login for full post details)
  #402 (permalink)
danville ca usa
 
 
Posts: 51 since Mar 2012
Thanks: 6 given, 41 received


michalmalec View Post
Hello Indextrader7

Thanks for your thread, it's very good. I am new to this forum.

Thanks for yesterday report. you are very honest. We all can learn from it. Especially part 3 video.

I am not somebody who can give you any advice about trading, because i am not so good as you are, but
stay positive and learn from it, in the end it's only 2 600 $, that's not bad for such a lesson.
Think about it as an education. Maybe you can print that last trade and put it above your computer to
remind you to stick with your rules and plan. I have experienced similar thing in my very short trading history


I do have a technical question, if you don't mind to answer?

I did read whole thread and i quite like it, i started to experiment with tick charts this week, just watching them,
not trading from them yet, but i do have a following problem.
I use CQG data, but when i open a tick chart (200 tick) at the start of the session and when i reload that same chart in the end of the session, bars look a little bit different, It is usually good for first two trading hours and then it starts to change a bit, it seems that i am loosing ticks somewhere or i don't know.
I use CQG data and ninjatrader. It looks, that charts in realtime look different from a backfill for the same session, this happens especially when the market is volatile. Can you help me with this, what am i doing wrong?
bad data provider? lag in internet connection? or? What data provider do you use?
Thanks for answer. Hope you don't mind.

Thanks againg for everything and sorry for my english, i am not a native speaker so it's very simple.

Good luck and stay disciplined



michalmalec... tick charts are started using trades that make up the first tick bar that you see on a chart. When you reload, depending on the software you use, the starting tick bar can use different trades and make all the tick bars after the initial bar look somewhat different.

cheers

toucan

Reply With Quote
 
(login for full post details)
  #403 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


One thing I'd like to say is, yes this is a learning experience (talking about the huge loser I allowed yesterday), but at the same time, it's not like I'm a new trader and learn a lesson from doing this like... "Oh, what a great lesson, I won't do that again." The problem is that I'm not a new trader... I've done this a dozen or more times before, and "learned" this lesson many painful times before...but haven't done it in years. This, for me, is not a "lesson learned". For this to creep back into my trading is not comforting.

Also, it's not about the money lost. $2,600 is a drop in the bucket for my profits since Feb.

IT'S THE PRINCIPLE OF SUCH A MAJOR BASIC TRADING RULE VIOLATION that has me upset.

Reply With Quote
 
(login for full post details)
  #404 (permalink)
London, UK
 
 
Posts: 4 since Jun 2012
Thanks: 4 given, 0 received


indextrader7 View Post
Hello, thank you for the tip about putting a picture of the trade up, I think that's a good idea.

I can't help you with your ticks/data problem. I haven't ever experienced anything like that. I use Mirus/Zenfire.


Hi, thanks for answer, i can try zenfire/mirus demo to check zenfire data feed and compare them.

One more thing:

Did your read : Enhancing trader performance, proven strategies from the cutting edge of trading psychology from Brett Steenbarger

I know you are very experienced trader, that book is a little bit about how to become a professional trader, but mentally.
I am sure you know that book.

Reply With Quote
 
(login for full post details)
  #405 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


michalmalec View Post
Hi, thanks for answer, i can try zenfire/mirus demo to check zenfire data feed and compare them.

One more thing:

Did your read : Enhancing trader performance, proven strategies from the cutting edge of trading psychology from Brett Steenbarger

I know you are very experienced trader, that book is a little bit about how to become a professional trader, but mentally.
I am sure you know that book.

Thanks for the kind words, but at the moment I feel like I need to read "Idiots guide to daytrading", ... ah I'm just Ill at the moment. No I haven't heard of that book, I'll definitely look into it. Thank you.

Reply With Quote
 
(login for full post details)
  #406 (permalink)
Raleigh,NC
 
Experience: None
Platform: Versatile and Stable
Broker: Reliable and Accurate
Trading: Money
 
Traderwolf's Avatar
 
Posts: 250 since Feb 2012
Thanks: 154 given, 1,028 received


indextrader7 View Post

Also, it's not about the money lost. $2,600 is a drop in the bucket for my profits since Feb.

IT'S THE PRINCIPLE OF SUCH A MAJOR BASIC TRADING RULE VIOLATION that has me upset.

IT7,

Another golden thought.

Was the rule violation not using a stop or moving the stop away from the target when trade went bad? I take it you moved your stop since it looks like you use OCO orders.


Thanks for your transparency. Takes guts to own up to trading mistakes....

Wolf

Reply With Quote
The following user says Thank You to Traderwolf for this post:
 
(login for full post details)
  #407 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Traderwolf View Post
IT7,

Another golden thought.

Was the rule violation not using a stop or moving the stop away from the target when trade went bad? I take it you moved your stop since it looks like you use OCO orders.


Thanks for your transparency. Takes guts to own up to trading mistakes....

Wolf

I had a proper stop in place, and just canceled the order. I just watched the market go and go, cursing the whole time, "knowing" that it would turn around at any moment.

Reply With Quote
 
(login for full post details)
  #408 (permalink)
London, UK
 
 
Posts: 4 since Jun 2012
Thanks: 4 given, 0 received


indextrader7 View Post
Thanks for the kind words, but at the moment I feel like I need to read "Idiots guide to daytrading", ... ah I'm just Ill at the moment. No I haven't heard of that book, I'll definitely look into it. Thank you.

No you don't need to read any idiots guide to daytrading, you are good, only one mistake upset you, dont feel frustrated.

Actually, i think BigMike can recommend him, Steenbarger is psychologist, psychiatrist, as we look at the charts, price action or orderflow and look for the patterns, he looks for the behavioral patterns and try to solve them. Everyone have some behavioral patterns.

He is a trader too, and he helps professional traders to overcome their problems in trading.

Check this video to see what is he like:

skip first 2 minutes,
youtube.com/watch?v=jKF3G3RYxXE&feature=plcp

his old web
brettsteenbarger.com/articles.htm

and a blog
traderfeed.blogspot.co.uk/

I think he wrote 3 books, wiley published them, i have a another one which is called "Your daily Trading coach" too, I liked both of them and often read them again and again, i like psychology.

Reply With Quote
 
(login for full post details)
  #409 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Flat on the day today pretty much. I worked my way back making some good trades (only trading 1 contract), and then had a 37 tick loser to end the day and wipe out all profits.

Here's my stats as of end of day today 6-13-12.











Reply With Quote
 
(login for full post details)
  #410 (permalink)
birmingham, al
 
 
Posts: 18 since May 2012
Thanks: 11 given, 6 received


I appreciate your candor and analysis in the videos. Wont offer any sage advice, but will say it happens/has happened to all of us. Great spot here to learn and move on.

Reply With Quote
The following user says Thank You to eacherlunch for this post:


futures io Trading Community Trading Journals > Short term TF trading


June 9, 2013


Upcoming Webinars and Events
 

Order Flow Tools w/MotiveWave & Zytrade Brokerage

Oct 22
 

Technical Analysis Workshop w/NinjaTrader

Oct 27
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



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