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Lord Sidious's Trading Journal


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Lord Sidious's Trading Journal

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  #61 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

Hey, guys!


Another trading day, using sim/paper trading. 3 trades, 2 wins and 1 loss.



Trades 1,2 and 3 chart:






Analysis:

Onde again, all trades followed the rules/tacticts. And once again, my trading time was about 40 minutes. Trade 1 went bad. At the time the candle opened, it followed another that made price fell, and the slope of the 5 period SMA was pointing down. Price fell for 5.5 points and then market went up, hitting the 8 points stop. The next two trades went as expected.



Overall:

10 trades: (6 wins - 4 losses).




Good trading!

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  #62 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received


Cloudy View Post
Congrats Sidious, nice job!


Thanks, Cloudy!

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  #63 (permalink)
NY + NY/USA
 
Experience: Advanced
Platform: Ninja
Broker: Optimus Futures- Rithmic
Trading: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,270 received


Remember that ultimately the success or failure of your trading venture will be you.

So as you parlay back and forth and get advice and counsel, opinions, suggestions (and maybe even a few snickers); all this information needs to be considered and you need to reach conclusions and decisions based on your belief or disbelief from the results of their application over time.

Take the time to give things a chance. We all come from our own space, and most of our opinions are based on our own experiences. For some MACD suck. For others the MACD is gold.

You could set a milestone measure. Like once you set something up, take at least 100 trades with it before you trash it completely or discount it partially.

It is like looking for pearls in rough current. First you have to be able to swim, then you have to find the shells, then harvest it, raise to the surface and see what you got. All the while you are holding your breath.

Also, I believe that the most correct answers are already known to you. You just need the time and place to accept them. No one can give them to you. We can only help guide you and hopefully keep you from picking up an octopus....those things will suck your brains out.

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  #64 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received


Jaguar52 View Post
Remember that ultimately the success or failure of your trading venture will be you.

So as you parlay back and forth and get advice and counsel, opinions, suggestions (and maybe even a few snickers); all this information needs to be considered and you need to reach conclusions and decisions based on your belief or disbelief from the results of their application over time.

Take the time to give things a chance. We all come from our own space, and most of our opinions are based on our own experiences. For some MACD suck. For others the MACD is gold.

You could set a milestone measure. Like once you set something up, take at least 100 trades with it before you trash it completely or discount it partially.

It is like looking for pearls in rough current. First you have to be able to swim, then you have to find the shells, then harvest it, raise to the surface and see what you got. All the while you are holding your breath.

Also, I believe that the most correct answers are already known to you. You just need the time and place to accept them. No one can give them to you. We can only help guide you and hopefully keep you from picking up an octopus....those things will suck your brains out.


Thank you for your help!

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  #65 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

Hi!

Hereīs what happen in the last day of week 1:


- Today I did 3 trades, 2 wins and 1 loss, paper trading again.


Trades 1,2 and 3 chart:







Analysis:

My trading time was about 40 minutes, but I did the 3 trades in just 15 minutes. Trade 1 went bad. All the filters to go long were confirmed, but the market didnīt rise 8 points, instead it fell much more than 8. However, giving the momentum and the fact filters to go long were confirmed, I took advantage, in the same 5 min candle, to go long again, which proved to be a good decision (trade 2). A bit after rising about 40 points, market showed signs of a pullback. This time I bended a bit one of the rules (stochs was not interely in the overbought area, although it was closer to that, than to oversold). Right decision again, as the market fell almost 30 points.




Overall:

13 trades: (8 wins - 5 losses).

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  #66 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

Hello, guys!


The main objetive of these 2 weeks trading, is to test my new trading plan efficiency, not to worry about making net profit. However, my analysis will take in account profits and losses, even those got with paper trading.

Here is it:







The good:

- All of the rules were followed;

- All my entries were right about market direction;

- % of winning trades bigger than losing trades;

- Profitable week.


The bad:

- A bit of lack of patiente and anxiety to respect the rules;

- Stop loss easily hit;

- After 4 trades (1 win, 3 losses) with real trading, and the fact of 7 wins and only 2 losses occured with sim/paper trading, may suggest that the "M" (Mind) part may not be helping as it should.



Possible changes:

- Bigger stop loss, due to type of trading instrument (DJI);

- Easing a bit the fact of all filters have to confirm (instead of all 3-4 have to verify at the same moment, allow only 2-3 to verify).



Week 2 will start soon. Filter/rules/strategies are the same, stop loss the same (8 points), but instead of targeting for 8 points Iīll do it for 12 points.



Good trading!

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  #67 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

Hi, guys!


Firts day with new objectives: - target for 12 points, instead of 8.



3 trades, 2 wins and 1 loss.

Once again, the platform showed problems with charts. In chart 1 and 2, the previous candle to the first trade is green, not red with a big wick.




Trades charts:













Analysis:

- Trade 1: Trade in which rules were not fully met. 5 SMA slope was not clearly down, stochs was not clearly near the overbought area and MACD bars and lines were not giving a clear sign of revearsal. However, I enter because the market was showing signs of a pullback, after a big rally. Winning trade.

- Trade 2: 5 SMA slope and stochs ok, MACDs not that good. Market went about 6 points down, but after rose for 10 points (hit the 8 point stop) in the same candle. After that continued rising. First trade regarding the judgement of market direction. Losing trade.

- Trade 3: All indicators Ok. Took advantage of a rising candle, that started to reverse, to enter with the judged market direction. Winning trade.



Same thought present: 8 point loss too tight for DJI.



Overall:

16 trades: 10 wins - 6 losses



Good trading.

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  #68 (permalink)
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

Hello, guys!


2 trades, today. 2 wins! Couldnīt do 3, unfortunately.


Charts:


Trade 1




Trade 2






Analysis:

- Everything went well with trade 1. All the rules and indicators were followed. As for trade 2, although it was a winning one, not all indicators were entirely according to rules.




Overall:

- 18 trades: 12 wins - 6 losses




Good trading!

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June 8, 2012


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