Mike's price action video journal. - futures io
futures io



Mike's price action video journal.


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one saiga with 45 posts (55 thanks)
    2. looks_two ghl123 with 4 posts (6 thanks)
    3. looks_3 Bri219 with 2 posts (2 thanks)
    4. looks_4 Pauley with 2 posts (2 thanks)
      Best Posters
    1. looks_one SteveH with 5 thanks per post
    2. looks_two Masber2000 with 2 thanks per post
    3. looks_3 ghl123 with 1.5 thanks per post
    4. looks_4 saiga with 1.2 thanks per post
    1. trending_up 8,759 views
    2. thumb_up 85 thanks given
    3. group 11 followers
    1. forum 63 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

 
Search this Thread
 

Mike's price action video journal.

(login for full post details)
  #1 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

My name is Mike and I will be posting a video journal of my trading adventures.

I have been trading price action for a little over a year and have had periods of success and failure. I have studied Al Brook's work as well as Mack's. I have been trading futures the whole time but have hovered around break even(starting balance) the whole time.

One of my problems is account size. My money management rules say that I can risk only 2% account size per trade and this was becoming a problem trading the ES. I would use a tight stop to abide by my money management rule and get killed with a thousand paper cuts. I knew for a long time that this was causing me to cherry pick trades and be overly cautious so last week I switched to spot forex.

I have been making video journals for a while now and they have been a great help. I have been posting them on youtube and its been great to have a sense of accountability. If I do something stupid I will share it and hopefully learn from it instead of putting it in the back of my mind.

Reply With Quote
The following 4 users say Thank You to saiga for this post:

Can you help answer these questions
from other members on futures io?
How do you put a consolidation into EL?
EasyLanguage Programming
AMP discontinuing its co-location server? Which futures …
Brokers
1-min Intrabar indicator
MultiCharts
Futures education program reviews
Trading Reviews and Vendors
MBoxWave for Sierra Chart for sale 50%
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
41 thanks
Big Mike in Ecuador
27 thanks
The tiyfTradePlanFactory indicator
27 thanks
EdgeProX from Edge Clear
23 thanks
 
(login for full post details)
  #3 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


I have not posted here before, the forum wont let me post a link till I have 4 more posts.

Reply With Quote
 
(login for full post details)
  #4 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

3

Reply With Quote
 
(login for full post details)
  #5 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

2

Reply With Quote
 
(login for full post details)
  #6 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

1

Reply With Quote
 
(login for full post details)
  #7 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

7-30-2013

7-30-2013 Trading journal. - YouTube

Reply With Quote
The following 3 users say Thank You to saiga for this post:
 
(login for full post details)
  #8 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

7-31-2013


7-30-2013 Trading journal. - YouTube

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #9 (permalink)
 Masber2000 
Detroit, MI
 
Experience: Intermediate
Platform: MultiCharts, Matlab
 
Posts: 11 since Mar 2010
Thanks: 22 given, 5 received



Nice trade.

Reply With Quote
The following 2 users say Thank You to Masber2000 for this post:
 
(login for full post details)
  #10 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Thanks masber2000!

Reply With Quote
 
(login for full post details)
  #11 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Here is an explanation of my trading methodology and my journal for 8-1-2013


8-1-2013 Forex trading journal+My methodology. - YouTube

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #12 (permalink)
 pedalon 
Harrisburg, PA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/CQG
Trading: Futures
 
pedalon's Avatar
 
Posts: 23 since Apr 2013
Thanks: 102 given, 38 received


saiga View Post
Here is an explanation of my trading methodology and my journal for 8-1-2013


8-1-2013 Forex trading journal+My methodology. - YouTube


Mike,

Good job on the videos and congrats on starting the journal. It is inspiring me to start doing video recordings as well. I believe I saw that you are using Koyote recording software; have you had any problems with it? How has TradeStation been for trading Forex?

Have a good weekend.
Kevin

Follow me on Twitter Reply With Quote
The following user says Thank You to pedalon for this post:
 
(login for full post details)
  #13 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


pedalon View Post
Mike,

Good job on the videos and congrats on starting the journal. It is inspiring me to start doing video recordings as well. I believe I saw that you are using Koyote recording software; have you had any problems with it? How has TradeStation been for trading Forex?

Have a good weekend.
Kevin


Thanks Pedalon!


I am using some free software that I found through a google search. Its called (Free screen to video). It works for me but I'm sure the other ones are probably better. Once and a while it does not want to record audio so you have to do a test video before you start using it.

I really like the tradestation platform and am used to it. I have only been trading forex for a week, I originally went to tradestation because of Futures. I don't have much of a frame of reference with forex yet. But with my limited forex knowledge I can say that it works fine. I am trading small but my fills are good. Some of the spreads are outrageous. The main pairs around 1.6-2.5 pips. I have been focusing on the yen and the euro and those have spreads between 1.6- and 2 pips.

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #14 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-2-2013

8-2-2013 Forex Trading Journal - YouTube

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #15 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Anybody have $10,000?


The Ultimate Trading System - YouTube

Reply With Quote
The following 3 users say Thank You to saiga for this post:
 
(login for full post details)
  #16 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-6-2013

Change the video settings to 720P HD. 360P is not clear.

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #17 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-7-2013

8-7-2013 Forex Trading Journal - YouTube

Make sure you switch to 720P!

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #18 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

7-8-2013 Forex Trading Journal - YouTube


8-8-2013

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #19 (permalink)
SteveH
Orlando, Florida, USA
 
 
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received

Have you read Bob Volman's book on price action trading? Might be beneficial since he talks about the advantage Forex traders have in getting larger as the account grows.

You are trading two systems at the same time within one account where they just happen to have the same entry point. The first one has no win/loss ratio advantage so its success is highly dependent upon the winning pct. If you can get this system to a 1:1 ratio (W:L) with 70% winners or a 0.80 ratio with 80% winners, you are much better off using the advantages of Forex sizing to grow your account and forget about the second system (what you do after the first half off).

The winning pct and win/loss ratio are an inverse relationship. You either make the sacrifice of having many small losses to get to the bigger winners (i.e., lower winning pct, higher W/L ratio) or have larger losses per losing trade relative to the size of the winners but the winning frequency overcomes them (i.e., higher winning pct, lower W/L ratio). People who use the 1/2 off approach are attempting to become successful with TWO TRADING SYSTEMS (1st system is the latter, 2nd system is the former). What happens in the majority of cases (in my 10 years of full-time futures trading experience) is that the beginning to intermediate trader is blissfully unaware of these mathematical certitudes so what happens is that one of the systems is actually a losing system. The mind doesn't want to accept this until it's too late.

The moral of the trading story is to be really, really good at trading one system, not two, because at least you don't put yourself at a mathematical disadvantage right from the start. That is, willing to risk your greatest amount in a trade at the beginning when you can be 100% wrong (and have to take a full loss on two systems) but then becoming less sure of your future success (by taking money risk off) when the trade is working in your favor makes very little mathematical or common sense. It only makes sense to your emotions because one of the two systems worked out and the 2nd system feels like it's a "free ride". It's not. I never thought of this as an advanced concept but, given the amount of people who refuse to believe this, apparently, it is.

The simple advice summary is to go all-in / all-out for a trade. Your brain will pick up WAY before you come anywhere near blowing out your account that something is not right with your entry / exit techniques and you have time to rethink.

I don't post much and I don't do the PM thing. But I do know why most people fail at trading, given they've got the basic commitment to not "freak out" with what they're trying to do in the first place. The above is #1 on the list. I have met absolute human robot types in trading with unmatched discipline. But THIS is why even they can't make it.

Volman is a very sharp cookie. At least accept his opinion and you will be well on your way.

Good luck.

Added note:

It's fine to have different setups which offer different long-term stats and go all-in / all-out with each one. What I said above is that you do not want to have the same entry for multiple systems. Go with one setup at a time. Your brain likes that.

[Volman is a super lucid read as compared to Brooks.]

Reply With Quote
The following 5 users say Thank You to SteveH for this post:
 
(login for full post details)
  #20 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


SteveH View Post
Have you read Bob Volman's book on price action trading? Might be beneficial since he talks about the advantage Forex traders have in getting larger as the account grows.

You are trading two systems at the same time within one account where they just happen to have the same entry point. The first one has no win/loss ratio advantage so its success is highly dependent upon the winning pct. If you can get this system to a 1:1 ratio (W:L) with 70% winners or a 0.80 ratio with 80% winners, you are much better off using the advantages of Forex sizing to grow your account and forget about the second system (what you do after the first half off).

The winning pct and win/loss ratio are an inverse relationship. You either make the sacrifice of having many small losses to get to the bigger winners (i.e., lower winning pct, higher W/L ratio) or have larger losses per losing trade relative to the size of the winners but the winning frequency overcomes them (i.e., higher winning pct, lower W/L ratio). People who use the 1/2 off approach are attempting to become successful with TWO TRADING SYSTEMS (1st system is the latter, 2nd system is the former). What happens in the majority of cases (in my 10 years of full-time futures trading experience) is that the beginning to intermediate trader is blissfully unaware of these mathematical certitudes so what happens is that one of the systems is actually a losing system. The mind doesn't want to accept this until it's too late.

The moral of the trading story is to be really, really good at trading one system, not two, because at least you don't put yourself at a mathematical disadvantage right from the start. That is, willing to risk your greatest amount in a trade at the beginning when you can be 100% wrong (and have to take a full loss on two systems) but then becoming less sure of your future success (by taking money risk off) when the trade is working in your favor makes very little mathematical or common sense. It only makes sense to your emotions because one of the two systems worked out and the 2nd system feels like it's a "free ride". It's not. I never thought of this as an advanced concept but, given the amount of people who refuse to believe this, apparently, it is.

The simple advice summary is to go all-in / all-out for a trade. Your brain will pick up WAY before you come anywhere near blowing out your account that something is not right with your entry / exit techniques and you have time to rethink.

I don't post much and I don't do the PM thing. But I do know why most people fail at trading, given they've got the basic commitment to not "freak out" with what they're trying to do in the first place. The above is #1 on the list. I have met absolute human robot types in trading with unmatched discipline. But THIS is why even they can't make it.

Volman is a very sharp cookie. At least accept his opinion and you will be well on your way.

Good luck.

Added note:

It's fine to have different setups which offer different long-term stats and go all-in / all-out with each one. What I said above is that you do not want to have the same entry for multiple systems. Go with one setup at a time. Your brain likes that.

[Volman is a super lucid read as compared to Brooks.]


Thanks for the advice Steve. It definitely makes me wonder. I will check out Bobs book. In the beginning of this year I was trading all in all out with decent results trying to get at least 2R. I have progressed a lot since them maybe I will give it another go. Maybe me taking half off adds an unnecessary risk and is acting as a mental crutch. Since switching to Forex I can trade small enough where I wont have to worry about it like I did trading the ES.

I have some research to do!

Thanks again!

Reply With Quote
 
(login for full post details)
  #21 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-9-2013

8-9-2013 Forex Journal - YouTube


Yeah if I did not take money off on this trade I would have made more than 3 times my initial risk. Maybe I am taking unnecessary risk by taking money off once it goes my way. I can see why that could be a mistake. And for me its a mental crutch.

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #22 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I looked back at my prior trades and found that if I did not scale out of half my position early I would have in fact made more money and risked less. This week I will not scale out initially. I will mostly look to swing my positions and adjust targets as I get more information. I will be looking to get at least 2-4R most of the time but if the position does not look valid anymore I will scalp out.

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #23 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-12 and 8-13-2013

8-12 and 8-13-2013 Forex Trading Journal - YouTube

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #24 (permalink)
 ghl123 
Liverpool, UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, ES
 
Posts: 68 since May 2013
Thanks: 84 given, 40 received


SteveH View Post
Have you read Bob Volman's book on price action trading? Might be beneficial since he talks about the advantage Forex traders have in getting larger as the account grows.

You are trading two systems at the same time within one account where they just happen to have the same entry point. The first one has no win/loss ratio advantage so its success is highly dependent upon the winning pct. If you can get this system to a 1:1 ratio (W:L) with 70% winners or a 0.80 ratio with 80% winners, you are much better off using the advantages of Forex sizing to grow your account and forget about the second system (what you do after the first half off).

The winning pct and win/loss ratio are an inverse relationship. You either make the sacrifice of having many small losses to get to the bigger winners (i.e., lower winning pct, higher W/L ratio) or have larger losses per losing trade relative to the size of the winners but the winning frequency overcomes them (i.e., higher winning pct, lower W/L ratio). People who use the 1/2 off approach are attempting to become successful with TWO TRADING SYSTEMS (1st system is the latter, 2nd system is the former). What happens in the majority of cases (in my 10 years of full-time futures trading experience) is that the beginning to intermediate trader is blissfully unaware of these mathematical certitudes so what happens is that one of the systems is actually a losing system. The mind doesn't want to accept this until it's too late.

The moral of the trading story is to be really, really good at trading one system, not two, because at least you don't put yourself at a mathematical disadvantage right from the start. That is, willing to risk your greatest amount in a trade at the beginning when you can be 100% wrong (and have to take a full loss on two systems) but then becoming less sure of your future success (by taking money risk off) when the trade is working in your favor makes very little mathematical or common sense. It only makes sense to your emotions because one of the two systems worked out and the 2nd system feels like it's a "free ride". It's not. I never thought of this as an advanced concept but, given the amount of people who refuse to believe this, apparently, it is.

The simple advice summary is to go all-in / all-out for a trade. Your brain will pick up WAY before you come anywhere near blowing out your account that something is not right with your entry / exit techniques and you have time to rethink.

I don't post much and I don't do the PM thing. But I do know why most people fail at trading, given they've got the basic commitment to not "freak out" with what they're trying to do in the first place. The above is #1 on the list. I have met absolute human robot types in trading with unmatched discipline. But THIS is why even they can't make it.

Volman is a very sharp cookie. At least accept his opinion and you will be well on your way.

Good luck.

Added note:

It's fine to have different setups which offer different long-term stats and go all-in / all-out with each one. What I said above is that you do not want to have the same entry for multiple systems. Go with one setup at a time. Your brain likes that.

[Volman is a super lucid read as compared to Brooks.]

I don't see how the 2nd system is mathematically wrong if you move the stop to break even after the first system hits its target?

Reply With Quote
 
(login for full post details)
  #25 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I have been struggling with this for a while now. Basically if you move your stop to break even after the first target is hit you will reduce the probability of the running contract. The market loves to come back and take it out.

Lets say you are trading two contracts. You take a trade and you set your first target at 1xR and the other at 3xR. The Market takes your first target out and you move your stop to BE. The market then comes back to BE.

Your total reward is cut in half and your total risk is the same. So you make 50 dollars but risk 100. The swing contract will have a low probability. So the losses will kill you. That's why I stopped moving to break even.

At least this is my experience. If you can be right 80% of the time then you will be in the green no mater what.

On a side note.... I am talking about scaling 50/50 here. I think it would be different trading 10 contracts and swinging 2 at BE like Mack.

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #26 (permalink)
 ghl123 
Liverpool, UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, ES
 
Posts: 68 since May 2013
Thanks: 84 given, 40 received

Well there is no mathematical proof of this, is there? Your conclusion is based on the losses of break even compared to the winners of the second target (which you can always move in both directions).


Let me put it in different way, if you move your stop for the second target to break even plus 1R

What could you loose? Nothing, nothing at all if the market didn't come back and continue.
What could you win? You will win as far the market goes in your direction.

So in your 2 contract example, instead of moving the stop to break even, you can move it to break even plus the first target.

Of course the market will hit the stop for the second target but it's for sure not 100%. Meaning you will get % winners when you move the stop to break even plus first target.


My point you can always control the second target, so it doesn't have to be break even, and it doesn't have to risk 2:1

Reply With Quote
The following user says Thank You to ghl123 for this post:
 
(login for full post details)
  #27 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I'm sure there are plenty of traders who can scale out quick and move the stop to BE. Don't get me wrong, I am not absolute and am just trying to figure out what works best for me.

I don't know about you or other traders, I am wrong a lot and a lot of those losers don't even go my way at all. Therefor if the majority of my winning trades go 1xR but come back and hit BE and the majority of my losers lose right away with both contracts, then the math is wrong. Most of my losers lose right away without the 1st target being hit. Its all about the larger initial risk. The backbone of my trading is catching swings and taking 1 off at 1R did not really help me it just made my initial risk a lot more. I consider myself more of a intraday swing trader than a scalper so taking greater initial risk on a trade does not make sense to me anymore.

I am wide open for any suggestions or opinions. My opinions could very well be 100% wrong so I am open to anything.

Reply With Quote
 
(login for full post details)
  #28 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-15-2013

8-15-2013 Forex Trading Journal - YouTube

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #29 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

8-16 and 19-2013


Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #30 (permalink)
toucan94506
danville ca usa
 
 
Posts: 51 since Mar 2012
Thanks: 6 given, 41 received


saiga View Post
I'm sure there are plenty of traders who can scale out quick and move the stop to BE. Don't get me wrong, I am not absolute and am just trying to figure out what works best for me.

I don't know about you or other traders, I am wrong a lot and a lot of those losers don't even go my way at all. Therefor if the majority of my winning trades go 1xR but come back and hit BE and the majority of my losers lose right away with both contracts, then the math is wrong. Most of my losers lose right away without the 1st target being hit. Its all about the larger initial risk. The backbone of my trading is catching swings and taking 1 off at 1R did not really help me it just made my initial risk a lot more. I consider myself more of a intraday swing trader than a scalper so taking greater initial risk on a trade does not make sense to me anymore.

I am wide open for any suggestions or opinions. My opinions could very well be 100% wrong so I am open to anything.

Saiga....

it takes a lot of chart time to improve your entries and develop your trade management and exits. Each trader is different and it takes time to finally be confident in your trading process.

I used to trade using 2 targets, but I finally ended up doing something like what ghl123 was describing. I trade futures indexes and futures currencies and use 2-4 contracts depending on the trading symbol. After entry, a stoploss and initial profit target is set. After price moves in the direction of the trade, stops and profit targets are moved up, at intervals, as profits increase depending on how price action behaves. That way the moving stop can protect profit in case price reverses and the profit target catches strong trending trades. This is something that is very difficult to do manually.

I see that you also use tradestation.... how do you like it.


cheers

toucan

Reply With Quote
 
(login for full post details)
  #31 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks for the reply Toucan.

Most of the year I have been trading with 2 targets and moving the stop to BE after the 1st was hit. I know it works depending on the probability of the trades taken, but after analyzing all my entries and comparing the risk reward using both systems I am more profitable with going all in all out looking for swings.

Most of the money made over the last year came from swings on the other half of the position and most of the money lost came from an immediate loss of a full position. I will move my stop to protect profits or minimize a loss though.

I think I can use some help on the entries though. Forex moves differently from the ES and NQ which I am more used to. So far the losers I have been taking in forex should have been avoided. I need more chart time for that I guess. Maybe its the slow markets of recent that have contributed to the lack of quality trades.

So right now I am trying all in all out the rest of this month. I could go back to scaling out in the future though. I'm still not 100% sure what will work best in the future.

I love the tradestation platform. I have had no problems with it and am used to it. The spreads on the Euro and JPY are decent enough but the others are pricey.

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #32 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #33 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #34 (permalink)
fegga
france
 
 
Posts: 1 since Aug 2013
Thanks: 2 given, 1 received

hi saiga- appreciate your sharing of the day. i just joined today - having become converted to price action trading but the conversion is easier than doing it for sure...

i noted from the daily chart - the rising channel - a bear flag- which normally break to the downside - as it did, could have alerted you to the potential move. then a bit later on there was a double bottom (nearly triple) before a move up. will follow you on you tube too. good hunting

Reply With Quote
The following user says Thank You to fegga for this post:
 
(login for full post details)
  #35 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Fegga!

Reply With Quote
 
(login for full post details)
  #36 (permalink)
 cmmichaels 
London England
 
Experience: Intermediate
Platform: Metatrader
Trading: Spot $
 
Posts: 91 since Apr 2012
Thanks: 1,075 given, 149 received

Good journal @saiga really enjoying it thanks for sharing. Interesting debate going on with regards to the position sizing, it seems that as a trader starts to get the fundamentals of their strategy/edge down then positions sizing and management becomes absolutely crucial to continued success. I've been reading this book by Van Tharp and the whole thing is basically about position sizing.

Great comments by @SteveH really interesting read especially from a very experienced trader. The thing with the all in all out strategy for me is the psychological side of it. Holding a full trade knowing that you could take absolutely nothing is quite mentally tough especially if you trying to swing it as much as possible, also I haven't found a consistently profitable day trader who doesn't use some kind of scaling/trading around positions. The most common seems to be closing a portion of the trade equal to the size of the risk that's what I've seen a lot. So if you traded 3 lot with a 15 tick stop close 2 at 15 then leave 1 on obviously you still have the problem of full stops. The only way round this seems to be scaling in but then the thing with scaling in is you are basically going to lose all the smaller winners because when trades don't turn into bigger winners scaling in you are going to end up with less winners overall I assume. I've followed a really experienced trader for a while who uses 4 scales per trade so he has a massive position on at first as he trades more than 4 contracts he has multiple contracts per scale. He gets to a free trade as soon as he can but he still takes full stop outs quite a bit on his full size and he makes it work.

It looks like the only way to do it is trial and error with your own method because I assume its going to depend a lot on how you trade. I've just started a journal and had a look through my trades this week I only traded 3 days and 1 day was some really bad trading where like you were saying trades went straight to the stop without going in my favour at all. But even with all these even if I did a 2 lot leave 1 runner I think I would have made a fair bit more than I have so I'm just going to have to keep monitoring it I think.

Good luck with it all, I'm interested to see what route you choose to go down but whatever it is I hope it works out.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to cmmichaels for this post:
 
(login for full post details)
  #37 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks for the reply cmmichaels!

I am not completely sold either way. I think that both would work as long as the entries as stop placement are decent, but I am not sure what works best for my style. For the last couple weeks I've been going all in all out looking for swings but I am not sure if that is the best. I will continue it for another 2 weeks and then reevaluate the strategy. I will have to look into that Van Tharp book though.

I find my trading very difficult to analyze because of the ever changing market conditions. The last couple weeks have been pretty bad, I'm not sure if its these slow market conditions or a severe problem with my strategy. I will go another 2 weeks to be sure which one it is.

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #38 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following 4 users say Thank You to saiga for this post:
 
(login for full post details)
  #39 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I just found Van Tharps book on position sizing used on Amazon for 12.50. I can't wait to read it. I also ordered Bob Volmans forex price action book almost 2 weeks ago and for some reason they keep screwing up and not sending it. Should be here tomorrow.

I will post the journal later today.

Reply With Quote
 
(login for full post details)
  #40 (permalink)
 Pauley 
Greensboro North Carolina
 
Experience: Intermediate
Platform: Ninja Trader
Broker: IB w/ NT and kinetick
Trading: Stocks, ES, CL
 
Pauley's Avatar
 
Posts: 10 since Aug 2013
Thanks: 20 given, 16 received

Hey saiga, thanks for doing this thread, I really enjoy it. I am currently struggling with the EXACT same issues that you mention in some of your videos. It's amazing what happens sometimes after staring at these charts all day. (Or sometimes in the first 15 minutes of the session!)

It's like my brain's ability to objectively view the chart will just switch off for a couple minutes and that's all it takes. When I "come to" I'm frantically managing a ridiculous trade that was put on for wrong reasons, is clearly asinine, and did not follow any kind of semblance of rational thought.

We read about this and see it over and over again in books, forums, threads, chat rooms, videos, and on and on. But it's difficult to appreciate how bizarre a feeling it is until you make a few hundred of these incredibly ill-guided trades.

It feels as though we have to get them under our belts and understand how bad they hurt so as to ingrain the notion of not placing them again. As the trading days march forward, I feel less and less of those urges to take an awful trade like a child that feels the heat from the skillet and remembers the last time he had one of his "bright ideas" to reach out and touch it. But then there is the fine line between the fear that stops you from making bad trades and the same fear that will stop you from making a good one. Craziness.

Maybe a lobotomy will do the trick. I have an appointment for next week.

Anyway, keep up the good work! Happy trading!

Reply With Quote
The following user says Thank You to Pauley for this post:
 
(login for full post details)
  #41 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Pauley!

Its amazing how much of our trading decisions become emotional based. When I was trading futures a lot of my bad trades were based on bad logic and strategy. Now that I am trading extremely small in forex, its more ego driven and rules are more easily broken. When risking more money I seem to abide by my rules better!

With trading there seems to be a trade off for every decision you could possibly make.

I believe that all we have to do is continue trading and plan to be in the game for years and years. When I read Market Wizards a lot of the traders believe its about staying in the game long enough for everything to click.

Reply With Quote
 
(login for full post details)
  #42 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following 3 users say Thank You to saiga for this post:
 
(login for full post details)
  #43 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

To the person who gives me a thumbs down on most of my videos;

Can you please tell me what I am doing wrong or have any suggestions when it comes to the videos? Any trading advice?

I don't mind the thumbs down as I am here to learn, I would just like to know why because If I am doing something wrong I want to correct it.

Reply With Quote
 
(login for full post details)
  #44 (permalink)
 arthureld 
Montezuma, Puntarenas / Costa Rica
 
Experience: Intermediate
Platform: Think or Swim, Interactive Brokers
Trading: Stocks
 
Posts: 33 since Mar 2013
Thanks: 26 given, 26 received

I enjoy your videos saiga
Thanks

Reply With Quote
The following user says Thank You to arthureld for this post:
 
(login for full post details)
  #45 (permalink)
Bri219
Altamonte Springs,FL
 
 
Posts: 72 since Jan 2012
Thanks: 481 given, 231 received

Nice journal you have here Saiga. I have seen your videos on Youtube and also have given some positive feedback on your analysis. I use the name Bripowered . May your account stay in the green,keep up the good work.

Reply With Quote
The following user says Thank You to Bri219 for this post:
 
(login for full post details)
  #46 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Arthureld and Bri209 for the support! The positive feed back helps a lot! I really appreciate the feed back!

Best of luck with your trading!

Reply With Quote
 
(login for full post details)
  #47 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Bri for commenting on my other videos by the way! I definitely need the encouragement!

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #48 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #49 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

After 2 weeks Amazon finally delivered Bob Volman's price action book. I only read 5 chapters but so far I like his concepts. I did not get into the setups yet but from what I read, it makes me question what I should do next.

Here is a brief history of what I have done in the last year and seven months. I started looking into the markets in March of 2012.

I started looking for indicators and a holy grail of trading. I learned how to use some of them and threw them on my screen. I knew next to nothing about the markets and its instruments, at first stocks looked like the obvious choice until I found out about the day trading rule. So I learned about options and opened an options account with no margin to attempt to day trade..... Looking back it seems so absurd, but that's what I did. I blew half of that account before deciding to do some serious home work. I bought Al Brooks book Trading price action bar by bar. I was hooked and then decided to open a futures account to try scalping in November 2012. I continued to learn and improved but my scalping was horrible. I started to lose a lot of money. Looking back I was taking ridiculous trades.

In January I decided to go for swings at least 2 times my risk and I bought Al's trading course. I had my first profitable month in January, (marginally profitable). In February I lost my ass again and decided to change things up and made adjustments. In March I started trading tick charts and started doing better but not great. May I lost money. I have been hovering around BE or worse this whole year.

Last month I decided to trade spot forex instead of the ES because of position sizing, but so far I am not sure how I feel about it. I find my trading difficult to analyze because of how discretionary it is.

What I found intriguing about Volmans trading was that he goes for fixed stops and targets. I think that maybe it would be a lot easier to analyze if things were so black and white, right and wrong. It would be a lot easier to adjust my strategy in order to get a 60% edge.

What makes me nervous about his methodology is the 70 tick chart.

I have learned a great deal in the last year and am thinking about giving scalping another go. If I decide to be a scalper I would have to change brokers (tradestation has a 1.8 pip spread) or maybe use a higher tick chart like the one I'm used to, like a 150 and just go 20 pips for 20 pips.

I am not trying to directly copy anyone's methodology precisely but I am trying to learn from those already successful in order to trade the way which works best for me. I am not sure what works best yet so I am exploring all possibilities.

I am also considering trading larger time frames like the 15 looking for swings. I am not sure of anything just yet.

Any opinions on this matter?

Reply With Quote
The following user says Thank You to saiga for this post:
 
(login for full post details)
  #50 (permalink)
 ghl123 
Liverpool, UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, ES
 
Posts: 68 since May 2013
Thanks: 84 given, 40 received

One word. Stay on SIM regardless the market or the instrument.


Unless you can either stay long enough on SIM or make money dont risk real money. Find out what you like and write down what happened in every step.

By the way not all Bob setups work these days. I was in contact with him before.


Good luck.

Reply With Quote
The following 3 users say Thank You to ghl123 for this post:
 
(login for full post details)
  #51 (permalink)
 Traderwolf 
Raleigh,NC
 
Experience: None
Platform: Versatile and Stable
Broker: Reliable and Accurate
Trading: Money
 
Traderwolf's Avatar
 
Posts: 250 since Feb 2012
Thanks: 154 given, 1,028 received


saiga View Post

In January I decided to go for swings at least 2 times my risk and I bought Al's trading course. I had my first profitable month in January, (marginally profitable).

I am also considering trading larger time frames like the 15 looking for swings. I am not sure of anything just yet.

Any opinions on this matter?

Saiga,

You have asked a ton of questions in this post and I will cut right to the chase... Most of what I say here is based on my own experience...

Most new traders have no business whatsoever starting out with a scalping plan.. Can you trade with a 60-70% win rate? I doubt you can and I cannot and only the most efficient scalpers can. So why would you start with a plan that requires a very high degree of execution and discipline? You are setting yourself up for failure right from the start. Drop scalping before you lose all of your money.

Second, until you can trade in SIM and double accounts on a reasonable frequency with reasonable risk, there is no need to trade live money.. You will just transfer it into an experienced traders account.. THere is no guarantee you can translate what you know from SIM to live, but at least you have demonstrated you have a trading plan that works if followed. YOU may stay in SIM for a long time, but that is the way it has to be to save your accounts.

Third, I do not think it is an accident that you started making money when you went for 2:1 reward to risk. Most new traders and rookies shy away from this because the win rates are much lower and you must get used to losing... But most beginners deal with losing by moving to a scalping plan where they lose less(have a higher win rate) but never make any money(or even lose a bunch)..

Bottom line.. go after a plan that allows you to win 40% or less of the time and still make money... That plan may be higher time frames, it may be selective trades and setups.. you will have to figure that out... But get comfortable with losing on individual trades and get your reward above 2 and I think you will see things turn around.

All the best,

Wolf

Reply With Quote
The following user says Thank You to Traderwolf for this post:
 
(login for full post details)
  #52 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks ghl123

I will take your advice and go Sim for now. I am going to set a goal of tripling my account before going live again.

Regarding Volman, did Volman himself tell you that some of his setups were not working anymore? Interesting. I will have to finish it, but beyond the setups there seems to be some good information about trading in general that I hope to learn from.

Thanks again!

Reply With Quote
 
(login for full post details)
  #53 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Wolf!

The reason I switched from scalping to swinging in the beginning of the year was because I knew that I am not that accurate. If I'm honest with myself I know that I still am not that accurate. I will continue my plan and explore higher time frames and try and reevaluate my trading.

I think you are right about going for bigger targets and losing more. When I read the first 5 chapters of Volmans book today it had me intrigued by scalping again. I think that I have to continue down the road I've been going down since the beginning of the year. My management needs help but I will figure it out.

I can get excited sometime after a new idea. Thanks for the reality check Wolf!

Reply With Quote
 
(login for full post details)
  #54 (permalink)
 ghl123 
Liverpool, UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, ES
 
Posts: 68 since May 2013
Thanks: 84 given, 40 received


Traderwolf View Post
Saiga,

Third, I do not think it is an accident that you started making money when you went for 2:1 reward to risk. Most new traders and rookies shy away from this because the win rates are much lower and you must get used to losing... But most beginners deal with losing by moving to a scalping plan where they lose less(have a higher win rate) but never make any money(or even lose a bunch)..

Bottom line.. go after a plan that allows you to win 40% or less of the time and still make money... That plan may be higher time frames, it may be selective trades and setups.. you will have to figure that out... But get comfortable with losing on individual trades and get your reward above 2 and I think you will see things turn around.

All the best,

Wolf

With all due respect, this does not make sense at all.

A simple math can show this is a loosing (or a maximum break even ) method. With 2:1 Reward:Risk and 40% or less as you mentioned, it's not worth trading.

Here's the math:

1 point on ES $50, for every trade you risk $50 to make $100.

With 40% win or less, for every 10 trade you make $100*4 (or less) = $400, and you loose 6*50=$300.

Commission for the ES $5*10 trades=$50.

So what you end with for 10 trades: $400-$300-$50.

That's $50 for 10 trades, $500 for 100 trades, and $5000 for 1000 trades. That's max if win ration is 40%.

My 0.02

Reply With Quote
The following 2 users say Thank You to ghl123 for this post:
 
(login for full post details)
  #55 (permalink)
 Sazon 
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 234 since Feb 2013
Thanks: 928 given, 459 received


saiga View Post
Thanks ghl123

I will take your advice and go Sim for now. I am going to set a goal of tripling my account before going live again.

Regarding Volman, did Volman himself tell you that some of his setups were not working anymore? Interesting. I will have to finish it, but beyond the setups there seems to be some good information about trading in general that I hope to learn from.

Thanks again!

That's probably the single best decision you will ever make in trading. The previous posters gave you the best advice. Do everything you can to follow their advice. It will save you a lot of heartache and pain.

Reply With Quote
The following user says Thank You to Sazon for this post:
 
(login for full post details)
  #56 (permalink)
Bri219
Altamonte Springs,FL
 
 
Posts: 72 since Jan 2012
Thanks: 481 given, 231 received

Saiga have you tried using Ninja Trader? If your going in the direction of scalping,I believe the ATM function on Ninja Trader will give you an advantage.AMP Futures out of Chicago has some really good commissions and low margin requirements.The only problem is they don't offer Spot Forex.I beleive there are some Spot Forex brokers who offer Ninja Trader.

Reply With Quote
The following user says Thank You to Bri219 for this post:
 
(login for full post details)
  #57 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Hi Bri

I have not tried Ninja. Seems like a solid platform. I am going to be sim trading for a while so I can improve my swing trading. I don't think I would be a good scalper so I have decided to continue looking for swings. So far I have had no problems with tradestation. I like the chart trading feature for my entries.

I turned off my futures data but noticed that I still have the data for futures indexes. I'd prefer trading index futures to forex if it was not for the larger size of futures. But I have been thinking since I am going to be trading sim for a while, maybe I should just trade the ES or NQ instead. That way when I decide to go live I can deposit some more money to abide by my money management rule. Decisions....Decisions....

Reply With Quote
The following 2 users say Thank You to saiga for this post:
 
(login for full post details)
  #58 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I have not posted a video in a while but will continue. I will continue with my video journal and start updating it more often. I have been very busy but have been doing a lot of research about my trading. I am going to start over, I will still be trading forex looking for swings going all in and all out. I will not interfere with the trade until at least 2R. My targets will be between 2-5R depending on measured moves and legs.

I am going to do a 30 trade trial run to see exactly where I am before I make further adjustments. I make adjustments to much so my trading is very difficult to measure. I need to follow a trade management method and stick to it vigorously in order to calculate weather or not I have an edge. I will be trading sim and post my results in videos.

Mike

Reply With Quote
The following 3 users say Thank You to saiga for this post:
 
(login for full post details)
  #59 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Reply With Quote
The following 4 users say Thank You to saiga for this post:
 
(login for full post details)
  #60 (permalink)
 Pauley 
Greensboro North Carolina
 
Experience: Intermediate
Platform: Ninja Trader
Broker: IB w/ NT and kinetick
Trading: Stocks, ES, CL
 
Pauley's Avatar
 
Posts: 10 since Aug 2013
Thanks: 20 given, 16 received

Hi Mike,

Great job on the video and I like where you are headed, taking FT71's advice about not micromanaging trades has been a big help for me as well. Especially the coin toss experiment! I see you are going with the 1:2 risk reward and an all in all out strategy at the moment. I know FT71 is big on scaling. I'm sure you are familiar but have you put much thought into perhaps exiting 1R with two thirds position and running the last 1/3 as a simple scaling method instead of all in all out?

I assume that you have thought about it already and are choosing a simpler strategy right now so you can correctly evaluate your methods and I completely understand, but I was curious. For me, scaling is the only way, from a psychological standpoint that my brain can handle the trade and I am always amazed at people who can deal with an all in all out method. Not to mention, I feel it has a statistical edge due to the runner's ability to catch larger moves.

Keep up the good work!

Pauley

Reply With Quote
The following user says Thank You to Pauley for this post:
 
(login for full post details)
  #61 (permalink)
SteveH
Orlando, Florida, USA
 
 
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received

"There is one kind of exit that is designed to get rid of losses, but it totally goes against the golden rule of trading of cut your losses short and let your profits run. Instead, it produces large losses and small profits. This type of exit is one in which you enter the market with multiple contracts and then scale out with various exits...On a gut level, this sort of trading makes sense because you seem to be "insuring" your profits. But if you step back from this exit and really study it, you'll see how dangerous this type of trading is.

What you are actually doing with this sort of exit is practicing reverse position sizing. You are making sure that you will have multiple positions when you take your largest losses...It's the perfect method for people with a strong bias to be right, but it doesn't optimize profits or even guarantee profits. Does it make sense now?

If it doesn't make sense to you why you should avoid this sort of trading, work out the numbers. Imagine that you only take either a full loss or a full profit. Look at your past trades and determine how much of a difference this sort of trading would have made. In almost every instance when I've asked clients to do this, they become totally amazed at how much money they would have made holding onto a full position."

-- Van Tharp, pg 265, 1st ed of "Trade Your Way To Financial Freedom"

Pick a HIGHLY VOLATILE trading instrument (e.g., CL). Trade one contract. You can make a nice living doing that.

Reply With Quote
The following 5 users say Thank You to SteveH for this post:
 
(login for full post details)
  #62 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received


Pauley View Post
Hi Mike,

Great job on the video and I like where you are headed, taking FT71's advice about not micromanaging trades has been a big help for me as well. Especially the coin toss experiment! I see you are going with the 1:2 risk reward and an all in all out strategy at the moment. I know FT71 is big on scaling. I'm sure you are familiar but have you put much thought into perhaps exiting 1R with two thirds position and running the last 1/3 as a simple scaling method instead of all in all out?

I assume that you have thought about it already and are choosing a simpler strategy right now so you can correctly evaluate your methods and I completely understand, but I was curious. For me, scaling is the only way, from a psychological standpoint that my brain can handle the trade and I am always amazed at people who can deal with an all in all out method. Not to mention, I feel it has a statistical edge due to the runner's ability to catch larger moves.

Keep up the good work!

Pauley


Thanks Pauley

I scaled out most of this year and some last year. It is a lot easier psychologically, but when I thought about all the 100% immediate losses that I was taking and the lack of larger winners I made the decision to go all in all out. Everything seems so give and take, if there is an advantage to either system, its small. I don't know what is the best yet and probably never will, but this is the system that I am testing right now and am trying to get a large sample size in order to correctly analyze my progress. I feel that all in all out is correct but like everything else in trading I am not 100% sold on anything.

Reply With Quote
 
(login for full post details)
  #63 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

Thanks Steve!

It was your original post a while ago that made me take the jump to all in all out. It was exactly the push I needed.

Reply With Quote
 
(login for full post details)
  #64 (permalink)
saiga
Oakley Kalifornia
 
 
Posts: 98 since Sep 2012
Thanks: 75 given, 103 received

I have been very busy recently relocating from California to Austin TX. I found a house now need to close and make the move. I have been paper trading and have been watching the market, I have not quit and will continue once the move is completed.

All the best!

Reply With Quote
The following user says Thank You to saiga for this post:


futures io Trading Community Trading Journals > Mike's price action video journal.


Last Updated on October 16, 2013


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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