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 31,316 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)
  #41 (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


ratfink View Post
From an EW view dropping under the week's lows ought to get fairly traumatic for bulls, on the other hand ES above 47-48 ought to get a bit squeezy towards 60-65 again first...

And here we are as advertised. ES above 66 and then holding a bigger pullback could yet again open the door much higher. Dax stuck in pointless post-holiday micro range all morning, so maybe we'll look tomorrow for continuation or fail at resistance.


Visit my futures io Trade Journal

Can you help answer these questions
from other members on futures io?
Degiro Negative Balance Advice
Traders Hideout
I have segregated my investment and trading
Psychology and Money Management
Macros for flatten and reverse
TradeStation
3x Fangdango
Traders Hideout
THINKorSWIM Scripting
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
49 thanks
Price Action Kewltech Style
19 thanks
Coronavirus COVID-19
19 thanks
Emini 4 Tick Scalp still valid?
12 thanks
Is back testing a waste of time?
12 thanks
 
(login for full post details)
  #42 (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

Sometimes less is more.


Visit my futures io Trade Journal
 
(login for full post details)
  #43 (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


Waste of effort day really, other than self-study. Ended +5 points after a 5:3 wins to losses scalping, so clearly woeful R/R at play, just good practice on platform/trade management, so that's still useful I suppose.

I am becoming comfortable with a more relaxed approach to entries and have realised that I do 'know' early on when I'm wrong (market disagrees with me) or more importantly when I have done wrong (broken rules/impulse traded/etc) and can get out quickly in either case. Just not selecting well enough, still too keen to be 'always in the game' as opposed to stalking. May have to introduce a one-an-hour speed limit.

Sadly I have not yet got past the Big Psycho - when I'm in a losing trade I have an almost comfortable resignation to it, whether I kill it or get stopped out, yet when I 'know' I am in a good trade (market agrees, no rules broken, good entry, will get to target) then I suffer an almost unbearable pain - weird and discomforting it is and hence I cut most target hitting trades well short if not even at birth.

Work In Progress

Travel Well
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #44 (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

Hard day today, lost a hat-full of points on a stack of dumb trades (rules, window, out of...) - then had a major epiphany by realising that a huge problem was not knowing what type of trader I was trying to be. Realised that I look for swings and trends but then behave like a scalper mixed up with a baseball hitter and consequently get risk/reward and trade management upside down big time.

So, deleted yet another significant chart that I have clung onto for what I can see were purely sentimental reasons, and now have a simpler layout again - 1 medium-term context/structure screen, 1 short-term context/structure screen and 1 screen purely for entries with a clear plan of how and when to prioritise each, ideally with minimal functional interference.

Interesting change in perception and action after the modifications and promptly hit 4 good scalp winners. Still didn't fill the morning's hole but we are progressing, if I can get past the idiotic rule breaks.

Hard day ended as a good day, but then all learning days are. Am I a closet scalper waiting to get out? Or are there really two of me?

Travel Well
Visit my futures io Trade Journal
 
(login for full post details)
  #45 (permalink)
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


ratfink View Post
Hard day today, lost a hat-full of points on a stack of dumb trades (rules, window, out of...) - then had a major epiphany by realising that a huge problem was not knowing what type of trader I was trying to be. Realised that I look for swings and trends but then behave like a scalper mixed up with a baseball hitter and consequently get risk/reward and trade management upside down big time.

So, deleted yet another significant chart that I have clung onto for what I can see were purely sentimental reasons, and now have a simpler layout again - 1 medium-term context/structure screen, 1 short-term context/structure screen and 1 screen purely for entries with a clear plan of how and when to prioritise each, ideally with minimal functional interference.

Interesting change in perception and action after the modifications and promptly hit 4 good scalp winners. Still didn't fill the morning's hole but we are progressing, if I can get past the idiotic rule breaks.

Hard day ended as a good day, but then all learning days are. Am I a closet scalper waiting to get out? Or are there really two of me?


Before you hit the DOM and make the trade you will know what stage of the day it is and your intention for the trade. Just write it down and stick to your stops !
  • CORE Trade: You trade the DAX - it moves 100-125 points in a day ... it takes GFIs1 sometimes 3 hours to get in profit or before he is stopped out. How often have you had 30 points in crap trades within the same 15 point range ??? A Core trade is going for the big swing ... it might need a bit of room before it is wrong.
  • SWING Trade: Your stop will be above/below the relevant HH / LL
  • SCALP Trade: If you see 3 points profit and you know that you would chicken out (maybe multiple times on the same bar) for 3 points loss .. that is your exit point

Good luck .. to both of you !

p

Visit my futures io Trade Journal
The following 2 users say Thank You to podski for this post:
 
(login for full post details)
  #46 (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


podski View Post

Good luck .. to both of you !

p

Thanks @podski , that's a good 3-way list.

The irony is that if I had listened to my own system and @GFIs1 then it would have been a very different day, but that is the nature of the beast within that I fight every single day. We'll see what has been tamed by end of the year.

Travel Well
Visit my futures io Trade Journal
 
(login for full post details)
  #47 (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

Decided to sit more comfortably with having a high mix of scalps in the day. Win ratio is solid - another 5:3 yesterday but ended flat due to smaller winners, today so far 8:1 for +15 points, with the morning compromised by a typical impatient swing attempt.

Have removed yet more clutter from screens. Need to work on better target holds for scalps and more patience required in general, otherwise will die by a thousand cuts instead of just half a dozen.

Less in front of the eyes is definitely making for a more relaxed attitude, though the need to actually believe the eyes is still high priority. Looking forward to next week and continuing to develop a mix of scalps with just two or three core trades per day.

edit: Just scalped another +5 to end a tidy morning. Note to self for next week - Work On The Sitting.

Have a good weekend one and all. The sun is returning to the UK.

Travel Well
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #48 (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

Busy outside the box so a quiet two trade day, just a couple of hours, ended +11. Steady progress for now.

Travel Well
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #49 (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

Fair day, caught up in small move trades, always seemed to be distracted/cooking/etcetera when the good setups were on the table, frustrating from that aspect but finished +19 points, happy enough for now.

Still getting used to the revised layout and developing a new approach - to concentrate on 'reaction/safe entry?' first then 'what might it mean?' second, in order to get away from a more typical focus on structure and pattern that usually builds a growing bias and disbelief of eyes. Still need to have both in place but swapping the look order is my way of 'Breaking A Habit.' Well, one of them.

Travel Well
Visit my futures io Trade Journal
 
(login for full post details)
  #50 (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


Finished European session with +14 from scalps, so 4 consecutive positive days.

Bit seat of pants stuff in today's volatility, missed a cracking setup and took a few trades off after taking heat, cost me a lot of points but I'm taking it as deserved punishment for jumping the gun on trades that are against the plan. The reward is simply learning to manage my way out of dumb trades pretty well. One day I'll stop putting them on in the first place. Yeah, Right.

Dumped another 4 sentimental charts off the screens and put one of Al's on. Well you know. The One. Ha. Simpler layout getting more so every week, though some would still say Daliesque.

Travel Well
Visit my futures io Trade Journal
The following user says Thank You to ratfink for this post:

Closed Thread

futures io Trading Community Trading Journals > Five A Day


March 28, 2014


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



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