David_R's Trading Journey Journal (Pls comment) - futures io
futures io



David_R's Trading Journey Journal (Pls comment)


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one David_R with 83 posts (124 thanks)
    2. looks_two Big Mike with 29 posts (49 thanks)
    3. looks_3 rassi with 14 posts (13 thanks)
    4. looks_4 benharrell with 5 posts (4 thanks)
      Best Posters
    1. looks_one Big Mike with 1.7 thanks per post
    2. looks_two David_R with 1.5 thanks per post
    3. looks_3 jagui with 1.4 thanks per post
    4. looks_4 rassi with 0.9 thanks per post
    1. trending_up 31,720 views
    2. thumb_up 227 thanks given
    3. group 23 followers
    1. forum 165 posts
    2. attach_file 74 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

David_R's Trading Journey Journal (Pls comment)

(login for full post details)
  #111 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received


rassi View Post
Here is a 15 min day session only of the ES yesterday. I have market it up showing reasons to trade away from the marked areas. You could use either volume setups from Gomi's ladder or Market delta or indicator based triggers on lower value volume charts or dare I say it price action triggers!


Rassi,

Thanks for the chart. At the 61.8 level you say "Target for prior swing up" What do you mean by that? Does that mean you expect a 61.8 retracement?

D

Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Demo accounts order fill
Emini and Emicro Index
NT8 Order Management Strategy
The Elite Circle
Market on Close data within IB
Platforms and Indicators
Book for fundamental analysis
Stocks and ETFs
Anyone ever use "Seasonax" website?
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
52 thanks
An embarrassing, honest confession
37 thanks
Sierra vs. Ninja : why I chose .....
8 thanks
Machine Learning Journal
5 thanks
Institutional Grade Massive Data Dump for Quant Research …
5 thanks
 
(login for full post details)
  #112 (permalink)
 rassi 
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
 
rassi's Avatar
 
Posts: 926 since Jun 2009
Thanks: 1,558 given, 1,199 received

David that means that when the 78.6 retracement of the swing into the high is broken then that level becomes the target. Which happens to overlap the 61.8 of the larger swing. Hope that helps.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to rassi for this post:
 
(login for full post details)
  #113 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received


In my preparation to trade again I did take one sim trade today. From the $ perspective I was pleased with the results and one of these a day would make me a happy guy. From all the other perspectives and what I believe to be the more important ones, I feel I did a good job and would give myself a B+, but I have to admit that watching price oscillate back and forth waiting for the target to be hit is more than just a test of patience. Sim is not real money, but I still want to see the trade work out. I think the more we see our trades work out the more confidence we build and then the more we can accept the price oscillation as just part of the game.

I am happy with myself for not messing with the targets. I put them in place and left them. I did move my stop to limit risk once I felt that price had moved sufficiently away from the entry area and didn't trail price too closely. Once my initial target was hit I moved my stop to entry plus 1 point. Price did come back to stop me out, so one question of myself is, did I manage the last part of the trade well? I also waited for target one to take of 2/3 of the position instead of taking one contract off at say 1 point. I'm not real sure what to do about this, but I do feel that targets need to be greater than risk. Maybe I'm wrong about this.

By the way, I literally took no heat on the trade. At the most a few ticks and the whole time price was wiggling around I was always in the green, so I really have nothing to complain about.

David

Attached Thumbnails
Click image for larger version

Name:	081010 es sim t1.jpg
Views:	297
Size:	157.7 KB
ID:	18372   Click image for larger version

Name:	081010_es_sim_results.png
Views:	257
Size:	50.3 KB
ID:	18373  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
(login for full post details)
  #114 (permalink)
 rassi 
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
 
rassi's Avatar
 
Posts: 926 since Jun 2009
Thanks: 1,558 given, 1,199 received


David_R View Post
In my preparation to trade again I did take one sim trade today. From the $ perspective I was pleased with the results and one of these a day would make me a happy guy. From all the other perspectives and what I believe to be the more important ones, I feel I did a good job and would give myself a B+, but I have to admit that watching price oscillate back and forth waiting for the target to be hit is more than just a test of patience. Sim is not real money, but I still want to see the trade work out. I think the more we see our trades work out the more confidence we build and then the more we can accept the price oscillation as just part of the game.

I am happy with myself for not messing with the targets. I put them in place and left them. I did move my stop to limit risk once I felt that price had moved sufficiently away from the entry area and didn't trail price too closely. Once my initial target was hit I moved my stop to entry plus 1 point. Price did come back to stop me out, so one question of myself is, did I manage the last part of the trade well? I also waited for target one to take of 2/3 of the position instead of taking one contract off at say 1 point. I'm not real sure what to do about this, but I do feel that targets need to be greater than risk. Maybe I'm wrong about this.

By the way, I literally took no heat on the trade. At the most a few ticks and the whole time price was wiggling around I was always in the green, so I really have nothing to complain about.

David


Hi David,

Was that your entry timeframe or did you drop to a lower t/f ?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #115 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received


rassi View Post
Hi David,

Was that your entry timeframe or did you drop to a lower t/f ?


Rassi,

In this particular case the chart shown is where the setup occurred and the one I used to enter.

David

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #116 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received

First live trade in a long time. I'm feeling very comfortable with the new methodology. I'm actually thinking that it isn't really a new methodology, but just a different way of looking at things. I was very patient to let may first target get hit. There were times that I started to second guess myself and wonder if I should change things, but that is not part of the plan. My patience paid off and the target got hit. I was aggressive with my stop adjustment and was stopped out shortly after. I don't feel that I did anything wrong on this trade. I allow myself some discretion on stop movement etc., but do like to stick with first profit target at least. I've also come to accept and realize that I can do well and I don't need a huge runner every time I take a trade with the intention or desire of making $10,000 on one trade.

I have a mental target of $200 per day. I feel that is very doable and reasonable and anything more than that is icing on the cake. As time progresses that number can increase, but I'm not in a hurry. Today I took this one trade and I am done. I've exceeded my mental target. I am not sure if that is the best approach or not. I know that some have loss limits, but not profit limits. I think for now it is the best way to go. I give myself an "A" today for all aspects of the trade.

Charts showing the setup etc.

By the way, it turns out I did screw up the charts in that I should of had 300, 900 and 2700 tick and instead had 150, 300, 2700 and 8100. ooops.

David

Attached Thumbnails
Click image for larger version

Name:	YM81910_trade-a.jpg
Views:	256
Size:	583.4 KB
ID:	18850   Click image for larger version

Name:	YM81910_trade-b.jpg
Views:	232
Size:	510.6 KB
ID:	18851   Click image for larger version

Name:	YM81910_trade-DOM.jpg
Views:	224
Size:	96.1 KB
ID:	18852  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
(login for full post details)
  #117 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,184 since Jun 2009
Thanks: 32,683 given, 99,760 received

Nicely done David, bravo. Glad to see you back in the saddle I can't write much right now, but am proud of you to have the determination to see things through.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #118 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received


Big Mike View Post
Nicely done David, bravo. Glad to see you back in the saddle I can't write much right now, but am proud of you to have the determination to see things through.

Mike

Mike,

thanks. i appreciate it. You as well as others on the forum have been a huge help.

Mike, I saw you still have the pneumonia. I think you should get back to the doc and don't mess around with it.

David

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #119 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received


David_R View Post
Mike,

thanks. i appreciate it. You as well as others on the forum have been a huge help.

Mike, I saw you still have the pneumonia. I think you should get back to the doc and don't mess around with it.

David


Day #2 of taking live trades. I feel it was an ok day. I did have one screw up on a CL trade I took. I think I got impatient or wasn't looking carefully, but that was a 3 tick loss. I was looking at CL because YM and ES were like watching snails walk the sidewalks.

Other than the screwed up CL trade I feel I did okay, but am not real happy with the trade management. I'm trying very hard not to exit everything at one target as well as giving the trade room. I keep hearing let the winners run, but at what cost do we do that? I also only traded one contract at times and realized that I should be taking it off at my designated first target area and not looking for it to run.

I think it was a tough day because most of it seemed to be grinding and slow with low volume.

I will give myself a C+ to a B- for the day. Feeling pretty good for the most part. The one ES trade I bailed on was the only time I felt stressed.

Charts in order of trades. DOM is for entire day.

Not shown, but trade one hit T1 and I managed kind of poorly and let it stop me for +3 on second contract.

David

Attached Thumbnails
Click image for larger version

Name:	YM82010_trade-a.jpg
Views:	262
Size:	111.7 KB
ID:	18898   Click image for larger version

Name:	cl trade 82010-a.jpg
Views:	202
Size:	81.5 KB
ID:	18899   Click image for larger version

Name:	es82010_trade-a.jpg
Views:	248
Size:	478.2 KB
ID:	18900   Click image for larger version

Name:	estrade082010-b.jpg
Views:	235
Size:	131.7 KB
ID:	18901   Click image for larger version

Name:	YM82010_trade-dom.jpg
Views:	210
Size:	96.8 KB
ID:	18902  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
(login for full post details)
  #120 (permalink)
 rassi 
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
 
rassi's Avatar
 
Posts: 926 since Jun 2009
Thanks: 1,558 given, 1,199 received



David_R View Post
Day #2 of taking live trades. I feel it was an ok day. I did have one screw up on a CL trade I took. I think I got impatient or wasn't looking carefully, but that was a 3 tick loss. I was looking at CL because YM and ES were like watching snails walk the sidewalks.

Other than the screwed up CL trade I feel I did okay, but am not real happy with the trade management. I'm trying very hard not to exit everything at one target as well as giving the trade room. I keep hearing let the winners run, but at what cost do we do that? I also only traded one contract at times and realized that I should be taking it off at my designated first target area and not looking for it to run.

I think it was a tough day because most of it seemed to be grinding and slow with low volume.

I will give myself a C+ to a B- for the day. Feeling pretty good for the most part. The one ES trade I bailed on was the only time I felt stressed.

Charts in order of trades. DOM is for entire day.

Not shown, but trade one hit T1 and I managed kind of poorly and let it stop me for +3 on second contract.

David

David, dont sweat on the exits, in these summer markets best off just all in all out to smaller targets imho.

Glad to see its working out for you! wtg

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to rassi for this post:


futures io Trading Community Trading Journals > David_R's Trading Journey Journal (Pls comment)


Last Updated on July 17, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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