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Trading fast markets
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Trading fast markets

  #851 (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

No trades in any markets today. Dull and choppy. Insidish.

Trade to live. Not live to trade.
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  #852 (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

LTP

Crappy start of my LTP. Huge move up in gold, clearly in uptrend. My first order got rejected by CTS backend, because Sierra sent it with a GTC tag, apparently CTS only supports GTD, over the FIX at least. Two attempts to go long in gold on resumption of upward momentum, breaking trend line of the pullback and printing absorption, but both fell victims of a stop run. Technically correct, but maybe bit too late in the move, albeit close to the next level. First trade was planned to be 3 contracts entry and scale in 2 contracts by front running the level break, took loss of 15 ticks on 3 contracts. Second was more scaled back, 2 contracts on momentum resumption and 3 contracts on level break. In both trades it never came to the getting in with the second part. Took 750 loss on the day, well within my max daily risk tolerance of 1500 (worse case when both trades fail with full size to full stop). If the CTS would not screw me up I would have a profit of at least 1000 even in case of a significant slippage.

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  #853 (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

DAX trading


Dull morning. Draghi was due to talk at 1 PM CET. I have only got a setup very late in the day and it converted itself into a range. Got out at +4. Later in a day it moved down big time but I was busy with gold in LTP.

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  #854 (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

GC trading

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If it would work it would deliver 30% or more of my target.

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  #855 (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

DAX trading

Tough day today. I did not have any setups in European session, it just moved unconvicingly and on low volume. It picked up in US session, but I was busy watching gold that was closing on my levels. It did not produce a trade and I missed several setups in DAX. Apparently european traders are packing up for the Xmass already and the only trading remains coming from US.

I finally did one trade, but shame on me, closed it at +5, as it stalled a bit on the trendline and it was very late in the day. It would be a great winner though. Either trade according to plan, or shut it down for good.

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  #856 (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

LTP

An inside day. Made one attempt to join the stop run low. Split position in two parts, entered 2 lots on break of consolidation with absorbed buy orders, had 3 lot position sitting below daily low to scale in in case of big move. This trade got triggered as well. I tried to close out manually as trade stalled few ticks lower but to no avail. Sierra chart produced a bunch of errors from FIX, CTS unable to cancel pending orders, CTS delaying orders. How bizarre. I am scared to think what this combination can do when live if it can't work properly with the CTS sim. Sierra is very good, but it does not work good enough with CTS execution. Maybe it's a sim problem but it is very annoying.
Trade Order Error: Unable to Flatten or Reverse because there are working Market orders that will flatten the position for symbol: GC.CME_20140200_GCG4.CME_CO. Working orders for symbol are being canceled. | 2013-12-11 20:50:58
Trade Order Error: Unable to Flatten or Reverse because a position does not exist for the symbol: GC.CME_20140200_GCG4.CME_CO. Working orders for symbol are being canceled. | 2013-12-11 20:51:08
There was an error with the order cancellation: Order Cancel Reject. Info: Undetermined Order. Service order ID: 1238.3002136.C6EFCE42-5B09-499A-9C34-1A58120E52F2 | 2013-12-11 20:51:15
I have full logs and screen shots. In case anybody cares.

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  #857 (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

Crude

I haven't trade Crude for a while, but it worth looking at it and study possible setups.

Yesterday was essentially just two setups, if you would take one, a second would allow for a scale in, as the first target would be taken.

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Gold is proving to be disappointing in this tight range. I might have a trouble with LTP, as it requires rules to be in force by 10th day of trade, and I already have two in. One is -775 and the other is +85 on gold. A road to Abiss.
We had that wonderful move on Gold on Tuesday but CTS did let me down and made me miss a trade of the week/month.

Maybe I should look to add Crude, as it seems to be a lesser evil now.

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  #858 (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

LTP

Today I messed up with Sierra, as I sat tight waiting for the numbers to come and pass, I was drawing trend lines on the chart. Numbers came out and I adjusted my lines, then opened the context menu to switch from line to pointer and pressed buy market option instead! Of course it was still volatile and in no time got stopped out. I have planned my second trade more carefully. Market consolidated for a while and was ripe to break down again. I risked 15 ticks and targeted 30 and 60 profits. It did break down after 12 minutes in range, slowing before the daily low. I took profit there as it could pull back fast, of course it did not and proceeded to go lower and lower fast, eventually hitting my both tp. I should have waited, but same time I am down on gold overall and was down on day due to occidental trade so I wanted to fight it back. So took the profit. Not a good decision in the long run, but been given only 10 trading days to make good in all rules and be positive it's hard to play only strategic game, must be very tactical at times. Took +850 to offset -520 from earlier loss. +330 on the day with 50 in commissions, i.e. +280. Nothing to write home about, but better than a loss.

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  #859 (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

End of year resolutions

As of today I am stopping demo trading the DAX due to holiday markets already been kicked in and european session being totally useless, while US session being more active is interfering with my LTP in gold.

My track record with latest set of rules in bit too short still, being 1 month with not all days had been traded, but it is very promising. I have made an effort to stick to the same rule set for quite a period of testing, stuck to the principle of not over-managing the trade, stuck to the principle to target multiples of risk and patiently waiting for these target to get hit.

During this year the best improvement I got in my trading was a dramatic increase of patience and plan-following, detaching from the trades, and more strategic planning. I am grateful to TST for two Combines I did and won and it cost me no money, while time was well-spent. I used all the knowledge and inner self-improvement received during these combine runs into creating my plan for trading dax and it shows. I am very happy for my results in year 2013.

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As of plan going forward, I will commence in the year 2014 by doing 1-2 months of CFD trading in DAX, reinforcing my discipline with real money risk on a smaller side. As results will prove not dramatically inferior to this demo run, I will then move to trading 1 futures contract in DAX and adding a second runner later as my cushion will permit.

I will fund my futures account again earlier to start trading my gold bot, since I have more than enough test results to support my trading plan.

LTP-wise, time will tell, I am pretty confident in my gold trading, but all depends on the opportunities market can give. I only expect a possible good trades next week related to FOMC event, maybe 2 days. That will be it for the year. I will have to trade minimum 5 more days next year and I will have time till beginning of February to put it in. It should be enough. If not - that will be it for the TST experience, I won't be taking more combines or ltp. They served a good job for me, but the returns are now diminishing. My future focus will be on DAX futures and gold will be my supplement trade when good opportunity to make a quick buck arises.

I will be publishing my trades in LTP here as they come, besides that this is it for the year. Have some great holidays everyone!

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  #860 (permalink)
Trading Apprentice
Boulder, CO/USA
 
Futures Experience: Intermediate
Platform: T4
Favorite Futures: oil
 
Posts: 8 since Mar 2013
Thanks: 19 given, 5 received


Thanks for sharing

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