TST Combine Journal - futures io
futures io futures trading



TST Combine Journal


Discussion in Trading Journals

Updated by JTurner77
      Top Posters
    1. looks_one indextrader7 with 265 posts (970 thanks)
    2. looks_two josh with 28 posts (91 thanks)
    3. looks_3 Big Mike with 16 posts (55 thanks)
    4. looks_4 Pedro40 with 16 posts (13 thanks)
      Best Posters
    1. looks_one rubyslippage with 18.7 thanks per post
    2. looks_two indextrader7 with 3.7 thanks per post
    3. looks_3 Big Mike with 3.4 thanks per post
    4. looks_4 josh with 3.3 thanks per post
    1. trending_up 75,569 views
    2. thumb_up 1,774 thanks given
    3. group 85 followers
    1. forum 556 replies
    2. attach_file 50 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)

Closed Thread
 
Search this Thread
 

TST Combine Journal

(login for full post details)
  #131 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Big Mike View Post
Merritt, a glance at your MFE vs your actual exit is a bit concerning. Are you all in/all out or are you scaling out? I'm still trying to get used to reading the S5 analyzer report, trying to remember what FT71 said about the BSO column.

I'm sure you've done research in this area to determine what your optimal targets should be?

Mike

I guess we have to cut me some slack, because I wasn't looking for 10 tick moves today, I was trying to catch trends (like the one I caught at the end of the day), and I was managing risk quite well.

Here's what I know Mike.... any feedback is more than welcomed. Anyone for that matter... PLEASE offer good advice if you know what you're talking about.

The Trade Analyzer from today is pretty thrown off from the data error/demo fill. Here is an adjusted one using the output from it, with a correction for that first trade. Also, this one is in average ticks per contract, as opposed to # contracts x number of ticks as displayed in the original post.



So... given this lack of "MFE capture" for lack of a better term, I've started doing some homework on things. The first thing I noticed was that I get 10 ticks MFE quite often. I also try to keep my stops around that level. So I did a test, what would my performance have been if I took a trade, then let it go +10 or -10 whichever comes first. (I said to myself, "Surely I am way better at managing trades than this.")

Here is this today's trade analyzer data... with the overlayed hypothetical p/l for the same entries but managing to +/-10 ticks:



woah.....

So, we need more data.

Here is the whole week's trade analyzer data, again with the overlayed +/-10 tick method.



So, we need more data.

I went and did this test, manually stepping through all my entries since I started "combine practice" and switched to trading CL on 2-19. I don't have trade analyzer MAE/MFE going back this far, so I'm just comparing P/L in ticks between what I did, and what the +/-10 did.



One thing is that my own performance had the largest winning trade of my life in there. (+175 or something on the scale out) +96 total average ticks per contract on the trade. so I removed this outlier trade from my performance.



Other variables to consider... I've been doing this Mark Douglas mental/mechanical method exercise lately, and my performance has flat-lined in doing so. I'll need to forward test this and/or go back through more normal performance.

I have never, before today, given much consideration to any type of hard target. I am re-considering, but what I really need is someone that knows way more than me to help guide me through this research...


Can you help answer these questions
from other members on futures io?
3x Fangdango
Traders Hideout
Capping Size in Tradestation
TradeStation
Dollar crash in 2021
Currencies
Degiro Negative Balance Advice
Traders Hideout
QDEL
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Coronavirus COVID-19
26 thanks
VWAP for stock index futures trading?
25 thanks
Lost & losing hope
22 thanks
Emini 4 Tick Scalp still valid?
18 thanks
Price Action Kewltech Style
15 thanks
 
(login for full post details)
  #132 (permalink)
Kailua-Kona, HI
 
 
Posts: 29 since Mar 2013
Thanks: 41 given, 203 received

Firstly,let me say that this is fantastic stuff Indextrader and the amount of time and work you put into keeping this blog up as well as your day trading is absolutely incredible.

This upcoming Tuesday I begin the TST 150K 10 day min combine with only a profit target as a goal. I am a S/D intraday swing trader. I have made my living in this fashion with an extremely tried and true method of trading for the past 5 years. I will be focusing primarily on the ES as that is my specialty during the NY session, although I keep several selected contracts on the radar for high reward/low risk opportunities.

Unlike yourself I am extremely private and protective of the exact details of my system and my charts as I have worked extremely hard to define my edges and locate the numbers I use to trade with. I prefer complete isolation when I trade with the sole exception of a news ticker to determine market catalyst times and keep my finger on the pulse of the markets.

That being said best of luck in your journey. You will be starting when I am finishing mine up. I will certainly check in to see how your combine is progressing.

Good luck

Wulf

The following 3 users say Thank You to FXwulf for this post:
 
(login for full post details)
  #133 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,059 since Jun 2009
Thanks: 31,661 given, 95,066 received


Merritt, I always appreciate how on top of your trade statistics you are. Fantastic job as usual.

Can you help me remember what FT71 said in the last webinar about the BSO column? If I remember right, it's "best scale out". So the figure represents just 1 lot out of 'x' total on, and is the actual exit of that 1 lot?

So trade #11 for example:



4 lots on, best scale out = 16 ticks. Does this mean your best single exit (1 lot) was +16? Since your net was 43 on the trade, and MFE was 75, I'm just trying to put the pieces together in my head for how you managed the trade.

Enjoy your weekend.

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
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #134 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,059 since Jun 2009
Thanks: 31,661 given, 95,066 received


indextrader7 View Post
I have never, before today, given much consideration to any type of hard target. I am re-considering, but what I really need is someone that knows way more than me to help guide me through this research...

Did you watch yesterday's FT71 webinar here on futures.io (formerly BMT)? He gave a lot of good advice about targets and had a lot of statistics to back it up.



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
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #135 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,059 since Jun 2009
Thanks: 31,661 given, 95,066 received


indextrader7 View Post
So... given this lack of "MFE capture" for lack of a better term, I've started doing some homework on things. The first thing I noticed was that I get 10 ticks MFE quite often. I also try to keep my stops around that level. So I did a test, what would my performance have been if I took a trade, then let it go +10 or -10 whichever comes first. (I said to myself, "Surely I am way better at managing trades than this.")

Also referring back to yesterday's webinar, FT refers to it as a rotational factor and went into detail about calculating it. There are already user-contributed studies for NinjaTrader in the thread I linked and in the Master Homework thread so you could adapt it to your market and crunch the numbers to make sure your stop is sized properly.



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
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #136 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Big Mike View Post
Merritt, I always appreciate how on top of your trade statistics you are. Fantastic job as usual.

Can you help me remember what FT71 said in the last webinar about the BSO column? If I remember right, it's "best scale out". So the figure represents just 1 lot out of 'x' total on, and is the actual exit of that 1 lot?

So trade #11 for example:



4 lots on, best scale out = 16 ticks. Does this mean your best single exit (1 lot) was +16? Since your net was 43 on the trade, and MFE was 75, I'm just trying to put the pieces together in my head for how you managed the trade.

Enjoy your weekend.

Mike

I'll visually explain it. Trade #11:



and the total MFE would be the 16 ticks that all 4 lots went plus the additional 5 ticks up the the very high peak that the remaining 2 went.

 
(login for full post details)
  #137 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,059 since Jun 2009
Thanks: 31,661 given, 95,066 received


indextrader7 View Post
I'll visually explain it. Trade #11:


Thanks. I am getting hung up on some columns being for all lots, and other columns being for a single lot. So your scale out there for +16 x2 lots was actually very close to the MFE on the trade, nicely done for that.

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
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #138 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Big Mike View Post
Thanks. I am getting hung up on some columns being for all lots, and other columns being for a single lot. So your scale out there for +16 x2 lots was actually very close to the MFE on the trade, nicely done for that.

Mike

Yes, I wish they would fix that. BSO is in a different "language" than the rest of them. I would prefer that they are all in average ticks per contract. That is much more relateable to the actual rotations in the instrument traded.

 
(login for full post details)
  #139 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Despite that. I have to give a huge thank you to FT71 and those guys for the trade analyzer. I've been using it one week, and it's already revolutionized how I'm seeing my trading.

So, Mike, any tips based on the data I've presented? It looks like it could be a wash either way to me, although the 10 tick method is better on a risk adjusted basis (50 tick max DD, versus my 100 ticks)...

 
(login for full post details)
  #140 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,059 since Jun 2009
Thanks: 31,661 given, 95,066 received



indextrader7 View Post
Despite that. I have to give a huge thank you to FT71 and those guys for the trade analyzer. I've been using it one week, and it's already revolutionized how I'm seeing my trading.

So, Mike, any tips based on the data I've presented? It looks like it could be a wash either way to me, although the 10 tick method is better on a risk adjusted basis (50 tick max DD, versus my 100 ticks)...

Our styles are very different, would not apply and I am not really keeping up with all that you are doing, so best for me to not comment. You are clearly on the right path, just keep going. FT71 said himself yesterday in the webinar he was impressed with your journal here on futures.io (formerly BMT).

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
The following 2 users say Thank You to Big Mike for this post:

Closed Thread

futures io Trading Community Trading Journals > TST Combine Journal


August 28, 2014


Upcoming Webinars and Events
     



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