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gretaro's TopstepTrader Combine Journal
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gretaro's TopstepTrader Combine Journal

  #31 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

@Cashish everyone is fine thanks. Una Bryndis (the older one) is going through all the feelings of having to share her home (mom and dad) with this new individual. The newborn (has not been christened yet - sorry you will not be the first to know her name ) is doing good. Basic stuff going on there; food and sleep and ...

This is how my Combine stands.

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8 days left. I have decided to take a break from trading the Combine for the remainder of this week. Just relax and take of the pressure. Accept the fact that at this time it does not matter to pass. I will then finish trading next week and the week thereafter since I have to complete it before October 11.

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  #32 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Monday 30th September 2013

Just did one trade today.

Woke up early to catch the 2 a.m. a la @Cashish.

Saw we were around the 3500 level so I decided to try to catch .3485 as my entry. I then noticed the time and sales window flash green and thought that maybe we would not get any lower (price was trading @1.3488 at the time) so I lifted my limit buy order and got filled @1.3490. When I saw prices stall just before hitting the vwap I lowered my take profit order and got filled @1.3496 for 6 ticks on 2 cars for a total of 12 ticks. I decided to think a little in this trade but not too much

After this my daughter woke up so I had to get her some breakfast and get her ready for kindergarten. Missed other opportunities that followed. Not that I would have taken those trades since I had not planned for them.

This is the first day since beginning this Combine that I come into the day heaving decided (in general what to do). That is amazing but true. Up until today I have been more or less swinging it. Not to bad results but not good either. Now I want to know what I can do if I plan ahead.

Today I was going to take the 2 a.m. trade and then look for trades around the pivot or the S1/R1 levels. I also had decided to stop trading around 6 a.m. (10 a.m. my time) since then the market often gets range bound up until 8 a.m. when the US wakes up.

I took the 2 a.m. trade and the market never trader around the pivots during this time so no other trades today.

Had a plan and followed it. No shooting from the hip. Good day.

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  #33 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
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Posts: 85 since Apr 2012
Thanks: 589 given, 101 received


Tuesday 1st October 2013

When I came to the screen this morning I saw that price had moved quite a lot higher during the Asian session. Despite that and the news out of the US regarding failure to pass the fiscal bill I decided to wait for the 2 a.m. trade and take it.

The +2nd std was at 1.3557. Then we had R1 at 1.3563. I decided to scale in to the trade. Put my limit orders at those 2 levels. Got filled for an average price of 1.3560. Had my stop at 1.3580. Was stopped out a few minutes later when price exploded to the upside.

Well win some loose some.

After this explosive move up I did not really want to take a short again (since I have decided to try to trade with the trend in general). Price has been drifting down and I have not seen any real place to get long again so I have stood aside. Now the time is 6 a.m. (10 a.m. my time) so no more trading for me today.

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  #34 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
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Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Wednesday 2nd October 2013

No 2 a.m. trade today. Price never gave the opportunity.

My first trade was a short @3533 after price had been rejected twice near @3540. My target was 3528 just above the break-out from the opening range. Then price stalled at the moving average and gave what you might call a second entry. So I reversed. Also I was thinking that we had already tested lower and been rejected and now we were trading inside yesterday's and Mondays value area and price seemed to be accepted there. I thought that price would test the pivot and/or the 3550-3555 area (3555 being the 50% line from yesterdays range). I wanted to exit a few times but did not and also decided not to take premature profit. Then price spiked lower (just one tick from my stop) on some news event (probably my dear friend Berlusconi) and spiked up again. I decided to exit the trade for a 2 tick profit and reevaluate. Then time was 6 a.m. (10 a.m. my time) and time to quit.

Not all bad but could have been better. I am trying to get my head around price rotation. One solution I think could help is look at higher time frame charts for entries/exits along with my predefined levels and then execute of a lower time frame like a 1 minute chart. So just parking the 5 min aside. Also my look into second entries seems to lead to the conclusion that they give you late signals and sometimes no signals unless the market is trending well. When it is just rotating I don't know. Will keep looking.

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  #35 (permalink)
Trading Apprentice
dallas texas
 
Futures Experience: Intermediate
Platform: thinkorswim
Favorite Futures: oil
 
Posts: 2 since Feb 2012
Thanks: 1 given, 0 received

Topstep Combine Discount

How do you get 70% discount? I don't mind posting my results daily. Thanks.

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  #36 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
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Posts: 85 since Apr 2012
Thanks: 589 given, 101 received


norwest6 View Post
How do you get 70% discount? I don't mind posting my results daily. Thanks.

It was an offer TST had. I received an email from them probably because I had already done a few Combines. Do not know if it is still going on.

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  #37 (permalink)
Trading Apprentice
dallas texas
 
Futures Experience: Intermediate
Platform: thinkorswim
Favorite Futures: oil
 
Posts: 2 since Feb 2012
Thanks: 1 given, 0 received

Okay, thanks.

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  #38 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Thursday 3rd October 2013

No 2 a.m. trade.

My one trade was a short from 1.3616 after price tested the overnight highs between 1.3620-1.3626 and failed. Entered 1 car and added to the trade @1.3610 when price tested after falling through and failed. My target was 1.3600. I decided to scale one out @1.3606 since price seemed to be bouncing of the vwap line. I had my second take profit at 1.3601 but lifted it to 1.3602 because you could see the buyers add to their bids at 1.3601. Did not want to be a dick for a tick if price took of from here. Since we were near a round number and the low of the value area. Maybe should have hold for a test of yesterdays VPOC at 1.3586 since according to @Cashish price often rotates around 14-16 ticks around whole numbers.

Total 18 ticks. I think this was a good trade. Happy with the execution.

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  #39 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
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Posts: 803 since May 2011
Thanks: 811 given, 2,103 received


gretaro View Post
Thursday 3rd October 2013

No 2 a.m. trade.

My one trade was a short from 1.3616 after price tested the overnight highs between 1.3620-1.3626 and failed.

Total 18 ticks. I think this was a good trade. Happy with the execution.


Good? I think it was a great trade, and I'll tell you why. We all know the old saying, "You're only as good as your last trade." IMO, what makes this a great trade is the fact you sat on your hands and did nothing as the 2am trade failed to materialize. Practicing patience and waiting for trades to reveal themselves is what winners do! You deserve a pat on the back for not forcing the issue and trying to make something happen between 2 and 3am when there was nothing there, well done. Getting trigger happy often leads to poor trading, even if, I close out a poor trade for a small loss, that small loss eats away at the profit potential on the inevitable good trade that's bound to appear.

Well done @gretaro and well played, very nice.

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  #40 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received


Thanks @Cashish. I had not thought of it this way but you are right. The good thing with the 2 a.m. trade is I know (almost anyway) what I am waiting for which makes it easy to wait. Sort of like fishing - I just cast the fly let it drift, do nothing just wait, and if it does not take it, cast again. I can't force it.

So the question before each trading day should be: What am I waiting for?

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