Five A Day - futures io
futures io futures trading



Five A Day


Discussion in Trading Journals

Updated by ratfink
      Top Posters
    1. looks_one ratfink with 265 posts (281 thanks)
    2. looks_two GFIs1 with 30 posts (42 thanks)
    3. looks_3 podski with 14 posts (16 thanks)
    4. looks_4 CPRICE76 with 7 posts (5 thanks)
      Best Posters
    1. looks_one Daytrader999 with 1.6 thanks per post
    2. looks_two GFIs1 with 1.4 thanks per post
    3. looks_3 ratfink with 1.1 thanks per post
    4. looks_4 podski with 1.1 thanks per post
    1. trending_up 31,425 views
    2. thumb_up 388 thanks given
    3. group 18 followers
    1. forum 352 replies
    2. attach_file 98 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)

Closed Thread
 
Search this Thread
 

Five A Day

(login for full post details)
  #311 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received

Market feels heavy this morning, looks to be at an important hold or fold area for the entire year ahead, and the decision could change a lot of structural things from here either way.

A rip back to the extension short at 9450 is not out of the question, but it would need above 9500 to look for large long pullbacks, otherwise shorts still in control with downside targets toward the remaining December gaps. Even then with a full short hwb close by there it's a tough turn around for now, but I'm sure it will try.

No trades for me today, have a good w/e one and all.

Travel Well
Attached Thumbnails
Click image for larger version

Name:	DAX (Daily)  06_12_2013 - 31_01_2014.png
Views:	26
Size:	19.1 KB
ID:	135510   Click image for larger version

Name:	DAX (7 Min)  31_01_2014.png
Views:	33
Size:	115.1 KB
ID:	135511  
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:

 
 
(login for full post details)
  #312 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received


Travel Well
Attached Thumbnails
Click image for larger version

Name:	DAX (Daily)  06_12_2013 - 31_01_2014A.png
Views:	31
Size:	20.8 KB
ID:	135512  
Visit my futures io Trade Journal
 
(login for full post details)
  #313 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,181 since Feb 2012
Thanks: 5,213 given, 10,809 received



ratfink View Post

my proposal today looked not so bad
expecting some more wash out today

GFIs1

Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #314 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received


GFIs1 View Post
my proposal today looked not so bad
expecting some more wash out today

GFIs1

Yes, particularly impressive as end and start of months are usually bullish. Still looks ripe to die and right now methinks TPTB are trying everything possible to halt a w3...

Travel Well
Visit my futures io Trade Journal
 
(login for full post details)
  #315 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,181 since Feb 2012
Thanks: 5,213 given, 10,809 received


ratfink View Post
Yes, particularly impressive as end and start of months are usually bullish. Still looks ripe to die and right now methinks TPTB are trying everything possible to halt a w3...

Very true!
Have shown on december the 14th (yes - last year) a bigger picuture of the Dax - the discussion will be in that
thread then - and a landing @ 8350... in extremis might be possible (as long we cross that daily Kumo now).

Have this in mind when start over next week.
GFIs1

Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #316 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received


GFIs1 View Post
Very true!
Have shown on december the 14th (yes - last year) a bigger picuture of the Dax - the discussion will be in that
thread then - and a landing @ 8350... in extremis might be possible (as long we cross that daily Kumo now).

Have this in mind when start over next week.
GFIs1

January effect has been strong since 1950, so far we are on course for sideways, -10% or new bear for 2014, a trip down thereabouts and maybe ES1650's in the US might then allow the Gann cycles one more big lift into 2015, depends if we are seeing the next deleveraging wave start or not, but that's strictly wet finger in the air musings. The curtains were drawn, but the rest of the room was real...

edit: It's just closed the 9179 gap, depends if it wants the 9095 one as well today, still too heavy for me to want to play, platforms tend not to behave very well.

Travel Well
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #317 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received

January in the spreadbet accounts was at best a stalemate, I made no net progress and it was as big a mishmash as last November. So, I decided to get back to basics and try the Ninja simulator and chart trader for the first time ever (sad or what!) and in one of fate's frequent cruel ironies I had one of my best days in ages.

Posted here for my own reminder, just using a simple 20-40 tick stop and target, enter and exit at market (I know no commisions, but the spreadbet accounts don't either):





Shame it won't pay for the fish and chips. (Or for the follow-the-trend lessons, that still haven't worked.)

Travel Well
Visit my futures io Trade Journal
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #318 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received

Ratfink,

Are you still trading or have you finally given up due to your lack of disacpline, gamble.boredom trades?

Col.

 
(login for full post details)
  #319 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
Thanks: 17,422 given, 8,387 received


CPRICE76 View Post
Ratfink,

Are you still trading or have you finally given up due to your lack of disacpline, gamble.boredom trades?

Col.

Still trading and not given up, but it's a fair assessment, caught red-handed in fact. I had taken several steps back to review (yet again) my approach. I totally struggle with sticking to a plan once made, they can last minutes.

Today for example I couldn't resist taking two Sprint trades for the hell of it, one 2 minute trade and one 5 minute trade, both stupid losers. I had one conventional trade with a sub-optimal entry that covered one of the losers. The contrast between alternate days can be stark and uncomfortable indeed. I have now deleted the Sprint layout yet again.

Since you asked so kindly, tonight's plan, which is intended to last for the rest of this month at least, is to only take two types of trades, intra-day with fixed 15 point stop and 45 point target in one account, and multi-day swings with fixed 40 point guaranteed stop, 120 point target in the other, i.e. both 3:1 risk/reward. I am allowed to add to a profitable position in the account that uses stop-aware margins but not otherwise and strictly no meddling.

My struggle is rarely with the market, I can see it fairly well on most days. Sadly the fight with myself knows no bounds. If I thought I could keep a plan going for more than a week or two I might start posting useful pictures again, but until I can do so there's no point and not many points.

Travel Well
Visit my futures io Trade Journal
The following 4 users say Thank You to ratfink for this post:
 
(login for full post details)
  #320 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received



ratfink View Post
Still trading and not given up, but it's a fair assessment, caught red-handed in fact. I had taken several steps back to review (yet again) my approach. I totally struggle with sticking to a plan once made, they can last minutes.

.



Well, if thats the case.Why dont u adopt GF1S trading rule and allow yourself just ONE TRADE per day ( just like one meal per night etc..)????I take it you have a day job or you rely on trading for your income??

Col.


Closed Thread

futures io Trading Community Trading Journals > Five A Day


March 28, 2014


Upcoming Webinars and Events
 

NinjaTrader (special webinar #400 w/giveaways)

Oct TBD
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

Ironbeam

Oct TBD
 

Zytrade

Oct TBD
 

GruttePier

Oct TBD
     



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