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



Pan's Trading Journal


Discussion in Trading Journals

Updated by panjm
    1. trending_up 1,528 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 11 replies
    2. attach_file 9 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
 

Pan's Trading Journal

(login for full post details)
  #11 (permalink)
Singapore
 
Experience: Beginner
Platform: MT4
Trading: Forex
 
panjm's Avatar
 
Posts: 143 since May 2012
Thanks: 262 given, 467 received

Trade #1:
3rd April
Saw a bullish reversal bar, enter at bar close. Exit with 25 points.
But immediately the next 4hr bar becomes very bearish in the 2hr mark, so I took a short.
Of course this 2nd bar become fully bullish at the 4hr close, taking out my 25 points stop in the process.
Result: 0
Lesson: if my strategy is to wait for bar close, then I must wait for the 4hr bar close to make a trading decision.

Trade #2:
4th April
Price makes a 100 pips drop, then moves back up.
During the down and up move, I try to trade it and makes 4 trades but the net result is break even.
I should avoid violent moves like this: I will be either entering too late or not sure when the direction is going to change.
Result: 0
Better to stay away.

However price fully recover the 100 pips drop and continues higher.
When price breaks the previous bar high, I enter on small size and get 15 pips profit, afraid to hold longer.
But of course price continues to move higher.
Result: +15
Moves like this are taking out many stops in the market. Next time if I have the patient to sit out the original 100 pips move down, and then the subsequent big 100 pips move up happens: I can consider to enter full size at price break and hold longer.


Trade #3:
5th April
A daily bullish engulfing bar pattern is forming just before NFP news. I took the risk and place a buy stop at the top of the engulfing bar (1.2950). The risk pay off and I exit at 1.2995.
Result: +45


Reply With Quote

Can you help answer these questions
from other members on futures io?
Macros for flatten and reverse
TradeStation
Trade Summary Error
MultiCharts
Thinkscript for scanning in Option Hacker
ThinkOrSwim
I have segregated my investment and trading
Psychology and Money Management
3x Fangdango
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
39 thanks
Coronavirus COVID-19
19 thanks
Price Action Kewltech Style
12 thanks
Battlestations: Show us your trading desks!
9 thanks
The CL Crude-analysis Thread
9 thanks
 
(login for full post details)
  #12 (permalink)
Singapore
 
Experience: Beginner
Platform: MT4
Trading: Forex
 
panjm's Avatar
 
Posts: 143 since May 2012
Thanks: 262 given, 467 received

My part time trading has not been going well. Down from March.
Hmm ..
Today there is an interesting trade, I record it here for my future reference:

EURUSD:
3rd attempt to push down from 1.3000
Entry: 1.3020
Exit: decide to exit at 1.2978 and call it a day.


Attached Thumbnails
Click image for larger version

Name:	$EURUSD-30 Min-7.3.2013-2.35.26.png
Views:	25
Size:	111.2 KB
ID:	117567  
Reply With Quote


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


July 2, 2013


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



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