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Trading fast markets
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Trading fast markets

  #121 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Day 20

I felt uneasy to start trading again today after all this talk in the thread here. But taking it slowly is the name of the game. It did not help market wasn't moving, albeit some volume was trading, in a very narrow range.

Again I waited for the first setup 6 hours. I was prepared not to take any trades today, and most likely won't take anymore - the movement is just not there. It's dead, Jimmy!

Anyway, took a setup, had just 10 ticks target because of slow day and next high 12 ticks away from my entry. It went 8 ticks only, I managed to close on stall at +4 and then it reversed. Right call, just very slow day. I am taking a revised approach on trade management and to assist me with visual judgement of a stall, I use now 20 second period chart instead of 2 range chart, I don't use it for trading, only for trade management, range chart just doesn't give a clue about how long it hangs in there, short-term time chart does.

So far +175 on the day.

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Last edited by xelaar; May 13th, 2013 at 02:10 PM. Reason: table added
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  #122 (permalink)
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Mumbai, India
 
Futures Experience: Advanced
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xelaar View Post
I felt uneasy to start trading again today after all this talk in the thread here. But taking it slowly is the name of the game.

Joke amongst chain smokers:

I read so much about the ill effects of smoking that I gave up reading.

More seriously, do whatever it takes to not shrink your circle of influence.

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  #123 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader Brokerage, CQG
Favorite Futures: FDAX, FDXM ...maybe
 
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xelaar View Post
I felt uneasy to start trading again today after all this talk in the thread here. But taking it slowly is the name of the game. It did not help market wasn't moving, albeit some volume was trading, in a very narrow range.



So far +175 on the day.

Nice !! Well done !

You are there to collect money ... not to sweat to make it appear !

No need to turn a day like today into a marathon ... there will be other days when the wind is at your back !

p

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  #124 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
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Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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CL opportunity

Here is an opportunity I have spotted on CL, I am not trading CL for the Combine, but started to evaluate setups for potential use later on. Also trialing Jigsaw tools. CL is not as fast moving as Gold (today does not count), so apparently some leeway in both time and fluctuation should be give to setups on Crude.

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  #125 (permalink)
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prague, czech republic
 
Futures Experience: Intermediate
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Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Day 20 report

Getting a little bit lagging now, today my Combine became eligible for a review, but still around 6k lacking to get it completed. However, there is a time left till 14th of June, and once market conditions are good I will be upping the pace. I have started with 1 contract building up the cushion, now it is there and I am officially in the second half of the Combine, and now it is time to trade it with the size as it should be traded.

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  #126 (permalink)
Market Wizard
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  #127 (permalink)
The Narrow Road
Belgium
 
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xelaar View Post
Getting a little bit lagging now, today my Combine became eligible for a review, but still around 6k lacking to get it completed. However, there is a time left till 14th of June, and once market conditions are good I will be upping the pace. I have started with 1 contract building up the cushion, now it is there and I am officially in the second half of the Combine, and now it is time to trade it with the size as it should be traded.

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Xelaar

Current average: 498
20 days go => 10K on target

You are on track.

Don't rush it. Work to eliminate those -2000 days/trades. That is how you will push it over the line.

What is the analysis on those ? Were the largest losers on trades with your positions ????

You are doing great.

p

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  #128 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

At the current average I need 32 days to complete the target. Well the losing days or their size is not the problem, it's smaller than expected size of winning days is somewhat problematic. Market itself provides much less opportunities lately and those of bad quality. Also, momentum seems to petered out, before Combine started and this big crash happened, Gold usually had big moves almost each days, while most of the day was in a small range, suddenly activity arrived and it starts to move well. Now there is less and less of moves like that. In a live trading that won't be a problem, I would just waited it out. In a Combine one is bounded by a specific time frame to complete, so I have to act within it. I just hope I can get at least enough marginal trading opportunities for these 6-10 ticks to get there in time.


podski View Post
Xelaar

Current average: 498
20 days go => 10K on target

You are on track.

Don't rush it. Work to eliminate those -2000 days/trades. That is how you will push it over the line.

What is the analysis on those ? Were the largest losers on trades with your positions ????

You are doing great.

p


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  #129 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Day 21 - excruciatingly slow

Today was another test of my strength not to fall asleep. I have to say I am very happy with the progress in my mental stature since I started trading Combine - I had no urges of taking a trade out of frustration or boredom, nor was I scared to pull a trigger. A reason to celebrate.

Other than that, an unbelievably slow day. Waited for 5 hours for the first setup, did not look strong, so I reduced my target to 8 ticks with risk 6. It run 21 ticks, but I got only 8. I feel no bad about, as next high was in 11 ticks or so and all moves that day before were reversing. This one reversed in around 20 seconds. And then run 100 ticks more but without an entry for me.

Then I took another 2 setups. First I bailed out at -2 ticks, it actually made 5 tick profit in split second and immediately reversed and stood above my entry (trade was short). Once I killed it it slowly moved to a profit. But then it has nothing to do with stops being liquidated. And then a similar setup, made 7 ticks profit very fast and started to pull back. Closed at +1. Very similar to setup #2, but this would be a full-on loser had I not close it.

In the end +275 on the day. Better than a loser, especially for such a slow day. Once market starts to move better and I start winning again, I will move up again on position size. I also look to start trading setup #1, large candle setup. I have seen a couple of opportunities today but lately they weren't working too well, so I did not trade them. I will keep watching them.

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  #130 (permalink)
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prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Day 21 stats


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