Avant's Journal - futures io
futures io



Avant's Journal


Discussion in Trading Journals

Updated
    1. trending_up 734 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

Avant's Journal

(login for full post details)
  #1 (permalink)
 Avant 
Brisbane Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: SPI and Emini futures
 
Posts: 11 since Nov 2012
Thanks: 10 given, 8 received

Hi all.

New to this game but not to trading stocks. Considering that my bent is to technical trading I thought that I would trade specific commodities and Forex. I have noted how important it is to keep a plan and a journal. No performance measure can be monitored if the plan is not written down. What I intend to do is to document my approach in developing the plan and also the trading journal on this site for all to witness if they wish. However, I am the principal beneficiary.

Overall principle: Keep it simple
Key behaviours: patience and calm
Accountability; document and keep a journal

Day 1

Instruments

Only trade a limited number of instruments, three to be precise

1. DAX - although this is big and volatile
2. SPI - I live in Australia so this is a given but less volatile than the DAX
3. Euro/US currency pair - mini

I would like to trade the US minis but unfortunately I need sleep.

Method

Trend trading only - no counter trend

1. Identify the commencement of a trend
2. Entry Signal - Need to identify but looking at Keltner channels
3. Exit Signal - Need to identify but looking at Keltner channels
4. Identify whipsaw pattern

I will also use the techniques offered by Dunnigan, the AHG material by Anek and others in attempting to capture a trend and pyramid if possible.

Money Management

1. 1% risk - do not carry losses.
2. If stopped out make another attempt at entry with a smaller stop - makes the total risk 2%
3. Attempt to capture a win loss ratio of 1.2/1
4. Use Kelly formula later but not at the start

The biggest danger is this strategy is the whipsaw - anyway let's see how it goes. The way I intend to manage this is by using a multiple timeframe for trend identification. If there is anyone with strategies to identify trends I would be grateful for advice.

Avant
This is my first post and I will keep posting as I manage the strategy.

Started this thread Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(143 thanks from 20 posts)
looks_twoSalao's Journalby Salao
(45 thanks from 9 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 16 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 13 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 14 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
76 thanks
Would You Sell Your System?
60 thanks
The Crude Dude Oil Trading System
57 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
21 thanks
 
(login for full post details)
  #3 (permalink)
 Avant 
Brisbane Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: SPI and Emini futures
 
Posts: 11 since Nov 2012
Thanks: 10 given, 8 received


Well Day 2

3 trades over the past 24 hours - the result was that I traded with the trend

1. Traded with the trend in the DAX and the EuroUSD - entered using price action and flags rather than kKeltner -successful - 50 pips on the Euro and the 50% retracement and Keltner entry led my to an entry in the DAX for a 70 point run

2. Traded the SPI this morning - gapped open trended up and tried to counter trend trade - a big mistake and against my principle of trading with the trend - could switch to price action alone. My MAs on a higher time frame did not cross to indicate a change of trend - so one BIG mistake from me and cost me - discipline, discipline and patience.

Overall positive but annoying little habit of trading beliefs.

Started this thread Reply With Quote
 
(login for full post details)
  #4 (permalink)
 Avant 
Brisbane Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: SPI and Emini futures
 
Posts: 11 since Nov 2012
Thanks: 10 given, 8 received

Well it has been quite interesting trying to maintain a journal. I must also say that it also reflects in my trading. Up and down like a yo-yo. Sometimes good and disciplined and other times I let my emotions take over. I had a slight problem where I entered a couple of stocks and ended on the wrong side - bought at the high and tried to manage the losses. That is the emotional side. I should always look at buying at support, selling at resistance etc I know that I have some good systems but I have this real streak where I want to blow up. Anyway I took my losses today and a little more that I would have liked. I hope that I learn.

Started this thread Reply With Quote


futures io Trading Community Trading Journals > Avant's Journal


Last Updated on December 17, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 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