chungp2's Trading Journal - futures io
futures io futures trading



chungp2's Trading Journal


Discussion in Trading Journals

Updated by chungp2
      Top Posters
    1. looks_one chungp2 with 106 posts (25 thanks)
    2. looks_two Big Mike with 3 posts (2 thanks)
    3. looks_3 Devil Man with 1 posts (0 thanks)
    4. looks_4 Cloudy with 1 posts (1 thanks)
    1. trending_up 9,769 views
    2. thumb_up 28 thanks given
    3. group 3 followers
    1. forum 112 replies
    2. attach_file 238 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
 

chungp2's Trading Journal

(login for full post details)
  #21 (permalink)
Capt. Johnny Jameson
Fort Lauderdale
 
Experience: None
Platform: 1911, NT8, Tradestation
Broker: CQG
Trading: ES
 
Devil Man's Avatar
 
Posts: 778 since Oct 2009
Thanks: 2,786 given, 1,294 received

@chungp2

Hey man are you using a fixed stop on every trade of 5 ticks?...or do you adjust it according to conditions?

great journal keep it up

Reply With Quote

 
 
(login for full post details)
  #22 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received


Devil Man View Post
@chungp2

Hey man are you using a fixed stop on every trade of 5 ticks?...or do you adjust it according to conditions?

great journal keep it up

Thanks...I'm using a stop of 5 ticks mainly for risk management. I'm still having a lot of trouble reading order flow, so until I get it down, I'm gonna let my stop define whether or not I am wrong. I'm hoping someday that I can get to the point of knowing whether to stay in or out of the trade based on order flow and not my predefined stop.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #23 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received


Went back and decided to screen shot my trades for 9/26...here they are

Attached Thumbnails
Click image for larger version

Name:	trade 1.png
Views:	32
Size:	266.7 KB
ID:	90319   Click image for larger version

Name:	trade 2.png
Views:	31
Size:	274.0 KB
ID:	90320  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #24 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

Placing this self reminder here to test and see if my data feed is as good as DTN's when Big Mike posts up the gom files for september...I need to compare them to see if my data feed can be trusted, especially since I am using delta.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #25 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,076 since Jun 2009
Thanks: 31,682 given, 95,210 received


chungp2 View Post
Placing this self reminder here to test and see if my data feed is as good as DTN's when Big Mike posts up the gom files for september...I need to compare them to see if my data feed can be trusted, especially since I am using delta.

Who is your data feed?

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/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #26 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

I'm currently using CQG through a demo account with AMP

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #27 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,076 since Jun 2009
Thanks: 31,682 given, 95,210 received


chungp2 View Post
I'm currently using CQG through a demo account with AMP

From the conclusions reached here, I would not be concerned with data accuracy:


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/
Follow me on Twitter Visit my Facebook 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)
  #28 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

Thanks @Big Mike...its good to know that there shouldn't be an discrepancies. I appreciate the analysis that others have done...probably still gonna compare because I just need the comfort of seeing it with my own eyes.


Big Mike View Post
From the conclusions reached here, I would not be concerned with data accuracy:


Mike


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #29 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

A couple of quick observations in my trading strategy/plan. I have been on a pretty good losing run since I have started my journal. I guess that is not a big surprise considering I am still a beginner. However, my journaling is revealing something interesting in my trade management and PT approach...I realize I only have a couple of days under my belt, but I have added some other metrics in my excel sheet to keep track of.

Thus far I have been using a 3 lot all-in/scale-out method. I am seeing that I am not having too much trouble getting to the first target most of the time. The 2nd and 3rd lots however are just not getting to their targets. Probably due do to the fact that I am still not reading the market correctly. This approach thus far has netted me -$1048.00.

Now, had I been using an all-in/all-out method, with the same PT of 5 ticks on all three contracts, I would be at +$414.00. Not much...but a whole lot better than being -$1048.00.

I will continue to do a 3 lot all-in/scale-out for the next few weeks, but in my spreadsheet, I will keep track of all-in/all-out metrics. I also changed the MAE to "MAE before 1st PT" to see how much draw down I suffer before my first profit target is reached. I am doing this so I can optimize my stop loss later on down the road when I have enough trades to statistically justify adjusting my stop loss.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chungp2 for this post:
 
(login for full post details)
  #30 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received


My trades today...only two trades.

First one reached its first PT, but stopped out on its last two.

Attached Thumbnails
Click image for larger version

Name:	trade 1 10000.png
Views:	20
Size:	115.5 KB
ID:	90420   Click image for larger version

Name:	trade 1 trend.png
Views:	22
Size:	154.5 KB
ID:	90421   Click image for larger version

Name:	trade 1 Footprint stop.png
Views:	23
Size:	124.2 KB
ID:	90422  
Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > chungp2's Trading Journal


February 19, 2013


Upcoming Webinars and Events
 

NinjaTrader (special webinar #400 w/giveaways)

Oct TBD
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

Ironbeam

Oct TBD
 

Zytrade

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