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Trading fast markets


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Updated January 25th 2016 by billbohm
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Trading fast markets

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  #441 (permalink)
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
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Posts: 388 since Sep 2012
Thanks: 494 given, 469 received

Long vs Short Trades

Hi Xelaar,

Hope you are enjoying the alm before the storm and that everyone in your house is getting a little sleep !!!

:-)

I was just looking at a newspaper report on Gold FAZ: Edelmetalle: Kein Ende des Goldpreisverfalls - Devisen & Rohstoffe - FAZ (I never look at the chart ... despite being a fan ... !!) and something struck me to ask you about.

What was the % long vs %Short trades you have taken in the combine and LTP lately ?

I'm looking for cracks in your armour (Was dich nicht umbringt .. usw). As Gold is in a sort of freefall I am wondering if more of your tripwire type trades have happened on the short or on the long side ?

Do you think that the trend has helped you or are your entry points just little knots in the woodwork ?

best regards

p

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  #442 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Well, the first huge crack happened before I started with the combine. I did benefit from the follow up big movement on the first days, but not so much in term of profit - I was trading with just 1 lot. You can check the stats I was publishing. As for % of long and short trades, I don't have my logbook here as I am not a home this week and on my travel laptop, but I remember that my best trades were all longs. Beside I was only capturing about 10 ticks on average. What helped not necessarily direcitonal movement to one side but rather significant volatility and large participation, at least in intial phase of combine. If people don't trade market no stops are placed, so no bursts of order flow are present. I selected gold for combine especially as it was providing nice opportunities. I tried similar style on Euro and Crude, and Gold was far more superior. If some other instrument would have been moving better I would chose it. I am not locked on gold and in fact I did not trade it much before. My best trades live during several previous years were on EURUSD, as it was swinging like mad printing 200-250 pips every day and gunning levels all the time. Then it died and I moved on. So if volatility in gold will die out I will move on. I can't care less what to trade as long it gives me what I want. It can be pigtails in marinade or railroad-car sized tofu blocks. Who cares.

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  #443 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


My development continues, I trade it more like a real account. Yesterday I ended up with +5 but I did take some questionable trades, today was better even though I got slipped (on demo) on a trade to a full stop out. Can happen.

Yesterday




Today



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  #444 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

I think you all have noticed a great potential to fade the range border where price action aligns on a perfect line to the tick and makes pushes out of the range on the other side. The beauty of it you can really trade it with 1 tick stop. So you can safely take 3-5 ticks profits several times before getting stopped. Stop can be a stop-reverse to break out mode.

This is a perfect application for order flow reading. Looking forward to get to it with Jigsaw tools next week!

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  #445 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Just wanted to update those who asked previously, my newest funded trader interview on TST Squawk will be next Tuesday, tune in if you want to hear my story.

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  #446 (permalink)
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
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Posts: 502 since Feb 2012
Thanks: 443 given, 531 received


xelaar View Post
Just wanted to update those who asked previously, my newest funded trader interview on TST Squawk will be next Tuesday, tune in if you want to hear my story.

I'll likely miss it Xelaar, do you have the same username as futures.io (formerly BMT)? I get emails from TST on the interviews so I'll watch for it...

Its a little late for me usually. Congrats again buddy, well done!

XS

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  #447 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


xiaosi View Post
I'll likely miss it Xelaar, do you have the same username as futures.io (formerly BMT)? I get emails from TST on the interviews so I'll watch for it...

Its a little late for me usually. Congrats again buddy, well done!

XS

My user name there is "raa", you can always watch it next day on youtube on tst channel. Thanks!

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  #448 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Tried working with limits again today, to enter on tight consolidation that is breaking on the non-even side, it's a sign of opposing order flow. I am not at home this week and have no Jigsaw tools available so trading blind. Not good, but again I did not wait for very good ones that came later in the day. So bad day with 20 stop outs in the row, but this is indicative how important quality and strength of setup is and its locaiton! I would be out after 3 of them when live and 10 ticks down. But because I take time to master my both reading of the market and enter technique, I was able to catch some good ones too in the end. CTS apparently has changed some parameters to its test system, so entry on limit is very hard, it has to swipe all limits to get filled or tick through. Its easier to get filled when live, as FIFO works there, here is I am always last. After missing a bunch of good setups I had to resort to entering at 1 tick worse price and increasing my stop by 1 tick.



In a nutshell this is my old setups from combine, just a bit better entry style potentially.

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  #449 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

about stops
Webinar IV- StopHunters - MarketDelta's library

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  #450 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


Today practice, started off bad, but gradually improved in the end, combining key levels and consolidations.

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