chungp2's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


chungp2's Trading Journal
Updated: Views / Replies:6,942 / 112
Created: by chungp2 Attachments:237

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 237  
 
Thread Tools Search this Thread
 

chungp2's Trading Journal

  #31 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

9/27 Review Trade 2

Trade 2 - This time around I put two contracts on the first PT. The last contract got stopped out. My first positive trade...lol.

Attached Thumbnails
chungp2's Trading Journal-trade-2-10000.png   chungp2's Trading Journal-trade-2-trend.png   chungp2's Trading Journal-trade-2-footprint-stop.png   chungp2's Trading Journal-spreadsheet.png  

Last edited by chungp2; September 28th, 2012 at 06:33 AM.
Reply With Quote
The following user says Thank You to chungp2 for this post:
 
  #32 (permalink)
Elite Member
Greenville SC / United States
 
Futures Experience: Beginner
Platform: Fidelity, Monex
Favorite Futures: Metals, Stocks
 
jw8051's Avatar
 
Posts: 3 since Sep 2012
Thanks: 4 given, 1 received

Thank you for posting this
I thought I was a "beginner"... I see I have more homework to do... Is there a "sippy-cup" for my level?? My goodness do I need to do more research before I jump in.

Reply With Quote
 
  #33 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

9/28 Review


I didn't really feel like trading today...but took one trade below value (or what I thought was below value). Again, first contract got to its PT, but last two got stopped out. I am continuing to keep track of my method as well as my AI/AO scenario. The two plans continue to show a vast difference in profitability.

I am getting the feeling that I am reading order flow pretty well for the entry (at least for smaller scalp type moves). As for reading the market in general, I am miles away...gotta hang in there and continue to interpret what I am seeing as it unfolds.

Attached Thumbnails
chungp2's Trading Journal-9.28-trade-1.png   chungp2's Trading Journal-9.28-trade-1-pt-st.png   chungp2's Trading Journal-excel.png  
Reply With Quote
The following 2 users say Thank You to chungp2 for this post:
 
  #34 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/1 Review

A little late with the journal...had to see family, so didn't have much time to update.

Took two trades this day based on my setups. First one was a winner (legit winner). Met all of my PT's. As the trade was unfolding, I was adjusting the PT's based on the moving averages on my trend chart. First PT was met no problem, same with the second (which I had set to the 20EMA). The last contract I just managed myself and decided to take profits since it seemed like at the time that price was going to bounce off of the 20EMA.

Attached Thumbnails
chungp2's Trading Journal-trade-1.png   chungp2's Trading Journal-trade-1-finished.png  

Last edited by chungp2; October 3rd, 2012 at 12:52 AM.
Reply With Quote
 
  #35 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/1 Review

The second trade ended up being a loser. Once again, the trade reached its first PT no problem, but got stopped out on its last two.

On this trade, the price at 1447.25 of the bar I was watching had bid and offer being very even. However the two prices above had the buyers lifting the offer. I usually pass on this as the order flow is not displaying enough strong conviction in my eyes, but the bar also had a "b" shape volume profile. I decided to pull the trigger based on that.

Attached Thumbnails
chungp2's Trading Journal-trade-2.png   chungp2's Trading Journal-trade-2-b-shape.png   chungp2's Trading Journal-trade-2-finished.png   chungp2's Trading Journal-excel.png  

Last edited by chungp2; October 3rd, 2012 at 12:49 AM.
Reply With Quote
 
  #36 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

I think you're doing great. Catching the bounces off the 2nd std dev back to the vwap. 1 to 3 pts is good scalping already on the ES especially since these are the toughest days to trade with HFT all over the place. Eventually you can get better on new trends and trend continuation entries. Thanks.


Last edited by Cloudy; October 3rd, 2012 at 01:33 AM.
Reply With Quote
The following user says Thank You to Cloudy for this post:
 
  #37 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/2 Review

I took two trades. Same ole story. PT met on first lot, then stopped out on the last two.

I gotta say that after all of the trades that I have taken so far, the 20EMA is a damn strong moving average (something I already knew, but seeing order flow react to it is very interesting). Whenever I fade a move, the 20EMA holds up very well. It bounces off it enough to stop me out on my last two lots and then some. Sometimes I feel like reversing my position at the 20EMA or when I get stopped out. I haven't done that obviously (and don't plan to since it's not in my trading plan), but it's tempting sometimes.

Any way...first trade I took today was "in value." Probably wasn't the best trade location, but all other signals lined up.

Attached Thumbnails
chungp2's Trading Journal-trade-1.png   chungp2's Trading Journal-trade-1-finished.png  
Reply With Quote
 
  #38 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/2 Review Trade 2

Trade two was sort of a fade/trend trade. Price was reverting to the mean (20EMA), while at the same time showing regular bearish divergence. Order flow confirmed the entry and I went short.

Attached Thumbnails
chungp2's Trading Journal-trade-2.png   chungp2's Trading Journal-trade-2-finished.png   chungp2's Trading Journal-excel.png  
Reply With Quote
The following user says Thank You to chungp2 for this post:
 
  #39 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/3 Review

I made some progress on my AI/SO (all-in / scale-out) plan, as well as my AI/AO (all-in / all-out) plan. Both plans ended up in the green, which was encouraging.

The first trade I took came right before the 10:00am numbers came out (I went long). In hindsight it probably wasn't a smart move, as news can cause all kinds of volatility. In this case however, it was in my favor. I will have to be more cautious in the future. These kinds of trades can go in either direction. Had this gone the other way, I would have been furious at myself for making such a dumb move. Anyway, I was fairly conservative with both my first and second targets, first one being the 5 tick that I always use, and the second at the 20EMA. As soon as the second target was hit, I put my stop at breakeven, which was hit.

My second trade got stopped out pretty quick (went short). The footprint bar I was watching had three prices in a row that supported my hypothesis, however, the bar had not closed yet (which is something that I usually do). Once I entered, price went in the opposite direction and I got stopped out. Turns outs my hypothesis was WAYYYYY off, and price continued to go higher. Glad I got out.

My third trade I went short and met my first and second targets AGAIN! After the second target (which was VWAP) was hit, I was looking at the developing VP and was kind of noticing that we were at a LVN and it seemed to act as support. I wanted to exit my third target at that point, but decided to let the trade play out. At that point I had moved my stop to breakeven, so I wasn't too worried. I eventually got stopped out. Kind of regret not getting out earlier, but its nice to know that I am getting more comfortable with market generated level (or at least I think I am).

My fourth trade was a straight loser (went short). All the signals were there, but just no dice this time around.

My last trade (short again) was not too long after my fourth trade. This was my biggest winner thus far. Met my first target with not much effort. The second target however, I had set to the VWAP. Which was 5 points away (20 ticks). I was a bit concerned with setting the target there, for there was a huge LVN which I thought was going to act as resistance. However, once we entered that LVN area, the price popped down fairly easily. I'm guessing a lot of people had stops placed in those areas and it just fueled the move down. At that point I moved my stop up to breakeven, and had my third target at the VWAP 1st SD low. Price never got to that area, but an interesting thing that I noticed was that there was a bullish divergence signaling an up move. I probably should have exited my last contract when I saw that, but decided to let things play out and moved my stop past breakeven. I got stopped out on my last contract for 2 points.

I will continue to place my PTs at market generated levels, but at the same time look for divergences hinting at moves that may push price in the opposite direction.

Attached Thumbnails
chungp2's Trading Journal-day-overall.png   chungp2's Trading Journal-day-overall-trend-chart.png   chungp2's Trading Journal-excel.png  
Reply With Quote
The following user says Thank You to chungp2 for this post:
 
  #40 (permalink)
Elite Member
Hartford, CT
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 33 received

10/4 Review


I took a stab at entering in on hidden divergences today. Not too much luck. Took two trades today. Should've been three...I'll explain more below

In my first trade, price was being supported by the developing VPOC. There was a significant amount of volume being traded and I had all of my signals to enter in on the trade. As a bonus, price was at the 20EMA, so I thought moving average traders were really leaning on that to hold. I entered in, and pretty much as soon as I entered, price went against me. I had my stop at my usual 5 ticks, but the VPOC was 3 ticks below my entry. So I decided that if price broke the VPOC, I would exit a bit earlier than my 5 ticks and get out with a smaller loss. Price did end up breaking the VPOC, and I went out with a loss of 4 ticks. Price did travel further than my usual 5 tick stop, so this time around it was the right exit to make.

Attached Thumbnails
chungp2's Trading Journal-trade-1-vol.png   chungp2's Trading Journal-trade-1-trend.png   chungp2's Trading Journal-trade-1-fp.png   chungp2's Trading Journal-trade-1-fp-finished.png  
Reply With Quote
The following user says Thank You to chungp2 for this post:

Reply



futures io > > > chungp2's Trading Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
A Surly Trading Journal Surly Elite Trading Journals 57 March 30th, 2012 11:36 PM
My new trading journal - Trading Price with Volume philhm Elite Trading Journals 28 October 18th, 2011 09:46 AM
Chad B Trading Journal skyfly Elite Trading Journals 5 May 30th, 2011 01:16 AM
J's Trading Journal jinhar Trading Journals 43 April 23rd, 2010 08:15 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 05:25 AM.

Copyright © 2017 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
Page generated 2017-12-13 in 0.15 seconds with 20 queries on phoenix via your IP 54.92.194.75