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My Personal Combine
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Created: by Sayounara Attachments:100

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My Personal Combine

  #31 (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


Sayounara View Post
Thank you! yours is the truly inspirational one. I never thought people could trade like you do. if it were not for the combine results, I'd have believed you were a fraud. looking forward to your interview with Eddy and Hoag. eager to learn whatever I can from you.

Well its not all roses, T4 sim is very optimistic on slippage, it's simulating exit slippage but not entry slippage. But I am working on this issue, so ultimately system is valid, even if live results would have larger losses than in LTP and similar to Combine, and smaller wins.

Could you describe your approach briefly? I am very intrigued.

Trade to live. Not live to trade.
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  #32 (permalink)
Trading for Fun
Yokohama South Korea
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CTS
Favorite Futures: gold
 
Posts: 102 since Nov 2012
Thanks: 87 given, 56 received


xelaar View Post
Well its not all roses, T4 sim is very optimistic on slippage, it's simulating exit slippage but not entry slippage. But I am working on this issue, so ultimately system is valid, even if live results would have larger losses than in LTP and similar to Combine, and smaller wins.

Could you describe your approach briefly? I am very intrigued.



my approach is a mess, I don't have hard fixed rules, and I found that I'm constantly tweaking it to this day, I'm a bit embarrassed to describe it, since there are so many issues to fix, and I don't even feel confident that I'll remain profitable next week.

basically, I use a higher time frame chart to determine market direction, currently it's 10x my active trading chart time frame. then I look for favorable price action on my active trading chart, currently it's a 222 volume chart.

I don't know how to describe favorable price action, since it's purely discretional. the same price action could be deemed favorable under one market condition, but unfavorable under other conditions. it's a feeling that I've been developing by watching the market everyday for a year. and I'm still not confident enough to try a real combine. at this stage, I really feel that I'm in no position to offer anything to anybody regarding trading.

as for slippage, that has also been my main worry for trading live with large size. when you go live, could you please share your 1st hand experience in this area? I'm sure it'll be greatly appreciated.

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  #33 (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



Sayounara View Post
my approach is a mess, I don't have hard fixed rules, and I found that I'm constantly tweaking it to this day, I'm a bit embarrassed to describe it, since there are so many issues to fix, and I don't even feel confident that I'll remain profitable next week.

basically, I use a higher time frame chart to determine market direction, currently it's 10x my active trading chart time frame. then I look for favorable price action on my active trading chart, currently it's a 222 volume chart.

I don't know how to describe favorable price action, since it's purely discretional. the same price action could be deemed favorable under one market condition, but unfavorable under other conditions. it's a feeling that I've been developing by watching the market everyday for a year. and I'm still not confident enough to try a real combine. at this stage, I really feel that I'm in no position to offer anything to anybody regarding trading.

as for slippage, that has also been my main worry for trading live with large size. when you go live, could you please share your 1st hand experience in this area? I'm sure it'll be greatly appreciated.

Looks like you read price action well but you may find you can benefit from a more defined trading plan.
I have traded my setups from combine live already, check out my first journal. 'watch me fly...'

Trade to live. Not live to trade.
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  #34 (permalink)
Trading for Fun
Yokohama South Korea
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CTS
Favorite Futures: gold
 
Posts: 102 since Nov 2012
Thanks: 87 given, 56 received


xelaar View Post
Looks like you read price action well but you may find you can benefit from a more defined trading plan.
I have traded my setups from combine live already, check out my first journal. 'watch me fly...'

well, I do have a trading plan, it consists of roughly 3 guidelines:

1. take my setups courageously.
2. manage my positions correctly.
3. control my downside rigorously.

I just haven't been able to follow them strictly...

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  #35 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,339 since Dec 2012
Thanks: 11,282 given, 7,092 received


Sayounara View Post
I just haven't been able to follow them strictly...

Then you have successfully identified the enemy! Always the first step for all of us.

Travel Well
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  #36 (permalink)
Trading for Fun
Yokohama South Korea
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CTS
Favorite Futures: gold
 
Posts: 102 since Nov 2012
Thanks: 87 given, 56 received

2013.6.10 No Datafeed

I'm getting no datafeed from CTS so my chart won't update. if tomorrow the problem is fixed, I might use sierrachart's replay feature to go over tonight's trading.

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  #37 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received

As of 9:40 EST, it is fixed now.... I (and others) had the same problem, but everything is working OK now...

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  #38 (permalink)
Trading for Fun
Yokohama South Korea
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CTS
Favorite Futures: gold
 
Posts: 102 since Nov 2012
Thanks: 87 given, 56 received

2013.6.10 Trade Stats and chart

replayed last night's session.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #39 (permalink)
Trading for Fun
Yokohama South Korea
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CTS
Favorite Futures: gold
 
Posts: 102 since Nov 2012
Thanks: 87 given, 56 received

on trade management

I had the habit of moving my stoploss to breakeven when price has moved a few ticks in my favor. and it had costed me quite a number of profitable trades. nowadays what I do is that once I'm in a trade, I start looking for the nearest technical point to move my stoploss to and simultaneously try to scale out half of my position at 1:1 RR.

it has helped me very much in controlling my drawdown. and it has also the added benefit of calming me down. once I got my 1st scale out, I have very little problem of holding onto the other half. but at the same time it has also cut my profit short.

lately I have began to notice how differently the market behaves under different market conditions. so I feel that the better approach might be to adapt my trade management to different market conditions.

1. weak trending and range days, scale out 1/2, manage the rest.
2. on strong trending days, all-in-all-out.

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  #40 (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


also you may want to check out a tactic to hold on to your original stoploss until one test of your entry happens that would stop you out if you were at be, and move to be quickly after. usually more than one test means a weak entry and bad trade but one test is usually almost guaranteed

Trade to live. Not live to trade.
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