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Price & Volume Trading Journal
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Price & Volume Trading Journal

  #51 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Mid Day Analysis:

Mid Day Analysis:
Squat head&Shoulders? TLu break down. Possible target EMA50 @1107? over a few days or week. Hope I see a down trend ladder trade set up. Possible 20 pt swings?

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-777-tick-1_20_2010_807.jpg   Price & Volume Trading Journal-es-03-10-6-range-1_20_2010_808.jpg   Price & Volume Trading Journal-es-03-10-1440-min-1_20_2010_822.jpg  
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  #52 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
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Hi ZTrade101,

Just wanted to pop in and say "thanks!", good job on the posts and journal, and keep it up.

Has your trading improved as a result of this thread? My hope is yes, and I'm always trying to encourage others to start similar threads so they too can benefit. Thanks for being an inspiration to them.

Is the avatar picture you?

BTW, on your TMI post, yes that's a great revelation. Now the real trick is what you'll end up doing about it over time in the future. The allure of indicators is strong.... it's like the dark side.

Mike

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  #53 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received


Thanks Mike,

I feel writing something down helps. Writing it down and putting it out there so people can scrutinize it - That really forces you to do a better job. Especially if you get constructive criticism

Being on this Forum has been a total immersion in trading, something I had not done in a disciplined manner in several years. Having to post a journal entry and be honest? That has help the most in improving my trading results, like the rules I posted in #47

The avatar is me at Halloween - in David Bowie's Blue Jean makeup + I like the hat.

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The following user says Thank You to ZTR for this post:
 
  #54 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Take more risk

I woke up after the market opened and was upset I missed my sell point at 1131.75. Waited for a pause and went short @1125.50, with 4 tick risk. Too little, will use 6 from now on.

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Price & Volume Trading Journal-es-03-10-8192-volume-1_21_2010_1t.jpg  
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  #55 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

DOm_Bands Updates Cumulative DOM but DOM Book is empty?

Never see this before. The DOM is missing rows, but the Cummulative DOM_Bands is still getting values.

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Price & Volume Trading Journal-domcapture.png   Price & Volume Trading Journal-es-03-10-8192-volume-1_21_2010dom_failure.jpg  
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  #56 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Mid-Day

I missed the 2 best trades of the day and took 2 that were losses, but fit my rules and are part of the cost of trading.

Should have shorted @ 1131.75, but woke up late and missed it. Waited for a reentry and used too tight a stop. Missed a Short 2nd trade 1117.50, then though I'd try for a bounce and everything looked good until major resistance @1115. Stuck to my rules covered at 1113.25.

Longer Time frame analysis: Market broke 1125 area and expect a test of the 1109 low or EMA(50) @1108.75

Gotta take every trade.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-8192-volume-1_21_2010_1031.jpg   Price & Volume Trading Journal-es-03-10-100000-volume-1_21_2010_1031.jpg   Price & Volume Trading Journal-es-03-10-6-range-1_21_2010_1033.jpg  
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  #57 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Identified 3 critical mistakes

Today I identified 3 critical mistakes that keep me from have a profitable day:

  1. Take all trades that fit your setup
  2. Take more initial risk
  3. Give the position a chance to make you $$$
I am not taking all the setups I identified. Will show chart examples below. When GomCHDA turns blue, Buy after a sell off.

Short when GomCDHA turn Red after a run up, especially if it corresponds to a point on the Range chart or Ladder (not shown).

In the chart posted earlier today I should have taken 6 ticks of risk, I have corrected this.

I exited a position when I was actually getting a 2nd Short signal (ala Al Brooks)@ 1117.25, I covered. Stop loss should have been 1118.00. Exit should have been the Yellow bar at 12:24 pm with a corresponding yellow bar on the GomCHDA @1113.50

Change in trading habit: Need to leave my initial stop loss alone for a longer period of time. I will correct this.

Bottom Line: Lost $$$, but if I make these changes to my trading procedure I will achieve my goal of being a:

Consistently Successful Trader.

Attached Thumbnails
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  #58 (permalink)
Elite Member
SE-Asia
 
Futures Experience: Intermediate
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Broker/Data: Amp
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Posts: 141 since Jun 2009
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do you guys succeed modifying the GOM recorder to save the market depth also?

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  #59 (permalink)
Trading for Fun
New York, NY
 
Futures Experience: Advanced
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Posts: 142 since Dec 2009
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Interesting stuff you've got here. Maybe I should start keeping track like this myself. Thanks for posting.

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  #60 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Trading Journal - Just do it.


To everyone thinking about a journal - Just Do it.

Practice is fine, but to know if you really understand something, take a test that someone else grades. Trading with real $ is an example.

"To know and not to do is really not to know." Covey.

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