NexusFi: Find Your Edge


Home Menu

 





Trading fast markets


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one xelaar with 561 posts (1,328 thanks)
    2. looks_two Pedro40 with 29 posts (21 thanks)
    3. looks_3 podski with 26 posts (60 thanks)
    4. looks_4 kevinkdog with 22 posts (51 thanks)
      Best Posters
    1. looks_one xelaar with 2.4 thanks per post
    2. looks_two podski with 2.3 thanks per post
    3. looks_3 kevinkdog with 2.3 thanks per post
    4. looks_4 garyboy275 with 2.3 thanks per post
    1. trending_up 205,786 views
    2. thumb_up 1,985 thanks given
    3. group 121 followers
    1. forum 978 posts
    2. attach_file 516 attachments




 
Search this Thread

Trading fast markets

  #811 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568


Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #812 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267

Interesting concept, not to be managing the trade... sort of hard to understand or to do.

From a theoretical perspective, as well as a psychological one, it's not a bad idea. Theoretical: stay with a decision based on a previously-tested method until proven wrong; psychological: keep your hand off the mouse until there is a pre-set reason to make a change.

From a real-time trading point of view, it's pretty much a matter of self-control, and therefore tough.

I've been trying this the last couple of days, and it has at least made me calmer

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
Thanked by:
  #813 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568



bobwest View Post
Interesting concept, not to be managing the trade... sort of hard to understand or to do.

From a theoretical perspective, as well as a psychological one, it's not a bad idea. Theoretical: stay with a decision based on a previously-tested method until proven wrong; psychological: keep your hand off the mouse until there is a pre-set reason to make a change.

From a real-time trading point of view, it's pretty much a matter of self-control, and therefore tough.

I've been trying this the last couple of days, and it has at least made me calmer

It can only work if you trade with the predominant momentum or fading borders of well established range. I.e. not taking miniatue setups in choppy markets nor going counter trend. For me this is the most important matter.

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #814 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568



Some decent trading today. First trade flopped, it was a ok entry, even if inside the bit of congestion at times and right in front of VWAP, it did lack momentum though. Not an best example.


Second trade was way way better, during lunch hours when markets tend to pull away from extremes. Took over an hour and several retraces from 20 ticks gain to under the entry but did work. The only danger was a trend line on M5 chart, but I reckoned it will be broken during off-hours.


Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #815 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568


Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #816 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

BTW, I had a long long debate with @Max Keiser today on Twitter about BTC real value.



My nick is (obviously) OrderFlow Pirate

I wonder if he will slam me in his next Keiser Report show on Saturday for not buying into "100,000 usd fair value" bitcoin dream and arguing it's grossly overpriced at 900

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #817 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568



Here is a recording on the last trade. I think it is quite an inspiration to see how market developed, how often it tested the entry, and rest assured any trade management would have this trade stopped at BE or miniscule profit, giving much anxiety and later grief, when it broke free and rose.

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #818 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

I did not get a chance to trade Crude today - gold held me up for the whole day. First trade was a quick loser, a second one lasted almost 5 hours!! It was up to 20 ticks in profit, printed double top, daily close was close and strong level is above it. ETH strongly up.

Still it collapsed. Today before the open volume was 101% from 8 week average, but collapsed to 72% by the noon CST. Definitely there were points to exit in profit, but the strategy calls to collect data.

This is my experimental trading in GC with same rules as in DAX or Crude. I don't plan to trade live or in LTP with these, only evaluate their validity. My only strategy good to go live in Gold is working with levels and stop runs. Price action is difficult is gold, but today it was rather lack of volume that caused collapse of longs. Sentiment was definitely up but selling was just bit too high above for longs to break through. Done and dusted.



Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #819 (permalink)
chambemk
Boulder, CO/USA
 
Posts: 8 since Mar 2013
Thanks Given: 19
Thanks Received: 5


xelaar View Post
And two trades on Crude to end the first day well.

A second trade was smarter, I decided to wait and see if pullback will continue, it seemed to end and I got a break of a trend line, pick up in bullish momentum, positive tape, second entry long. It made 23 ticks profit and new high but came back to the entry. If I would be managing this trade, that would be totally the end of it. However, as I let it to its own devices and went to see Dangerous Flights show on TV, it produced another push that ended in +30.


It's encouraging start to my new experiment. Stress-free too.


LOL! looks like "set-it-and-forget-it" came to save the day. And who doesn't like to make 30 ticks while watching Dangerous Flights! Keep it up

Reply With Quote
Thanked by:
  #820 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568


Looking at today's market I think it is wise to add another rule:
- close out before the start of new session or end of current session
- close out if a trade did not hit target nor stop after 60 minutes since been opened

Second rule would provide me today with +16.

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on May 18, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts