Beginner's Journal/Playbook-6E and beyond - Trading Journals | futures io social day trading
futures io futures trading


Beginner's Journal/Playbook-6E and beyond
Updated: Views / Replies:542 / 7
Created: by denisb13 Attachments:10

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Beginner's Journal/Playbook-6E and beyond

  #1 (permalink)
Elite Member
Melbourne
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 7 since Apr 2012
Thanks: 3 given, 5 received

Beginner's Journal/Playbook-6E and beyond

'Sup Big Mike Team. Taking Cashish's advise i've decided to start a trading Journal on the forum. I think putting this up for everyone to see will force me to be more accountable and to take my Journaling and trade preparation more seriously. I've been following the markets since January 2012 when i first opened up a trading platform. Since then I have blown my first retail account ($9k) trading ES and then corn, soybean and wheat (took me 6 months to drawdown 7k). I lost 2k my first day and 4k my first week LOL, had absolutely no clue about risk and money management or what i was doing.

After a break, in February of 2013 i started trading Futures on the illiquid Ukranian Stock Exchange and Stocks on the Russian Stock Exchange. Over a period of 6 months i turned an account size of 150 rubles ($5) into 2000 rubles ($62.5) purely scalping. And that is where my stock trading account has stayed. This was a big achievement as this was my first ever period of consistent profitability even though the account size is laughable and non existent. Unfortunately my transition onto the Russian Futures Exchange saw me give back all my hard work on the stock market very quickly. I am current -2000 rubles trading futures on the Russian Futures Exchange FORTS over a period of 3months.

I have just entered a 50k combine with top step trader where i have decided i will trade 6E mostly but may look at ES, CL and 6A and have been accepted into a trader training program at prop firm Propex Derivative (Australia) which runs for 6 weeks online where i will be trading ZN and possibly Australian Treasuries on a sim. This blog will list my thought process for trades, my results, psychology, trading plan and setups playbook. Feel free to post critiques, ideas and suggestions or even abuse lol i don't mind. My goal is to get better every day and achieve my dream of being a consistently profitable trader and all round Big Baller, i would love to make it rain on them hoes. All the best guys and good trading))

Reply With Quote
The following 3 users say Thank You to denisb13 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Houston, TX/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures (Previous), AMP (using their free data for the reviews)
Favorite Futures: ES
 
Posts: 230 since Oct 2012
Thanks: 174 given, 878 received


Good luck!

Make it rain!!!!

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).

Reply With Quote
The following 2 users say Thank You to evanbro for this post:
 
  #4 (permalink)
Elite Member
Melbourne
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 7 since Apr 2012
Thanks: 3 given, 5 received

29/10/13

I started my 50k, 20day combine today. I have a position size limit of 5 and a maximum drawdown of 2k before i am inneligible for a funded account. I have a max daily drawdown of 1k and a total combine profit target of $3,500.

My trading plan involves a daily stop of $250. This allows me to get stopped out 8 days straight before i am inneligible for a funded account. I will be trading a 1 lot with tight stop of 7-15 ticks and profit targets of 15-30 ticks or more. I will not average losing trades and will only add lots onto winners and increase lot size when i am green for the day. Here is my analysis and results for 29/10/13.


(Note Charts 1, 2 and3 are the last 3 charts below...look at the labeling to avoid confusion)
BIG Picture-chart 1

On the 1st weekly chart we see that 6E is in an upswing. Using fib extension of 1 for the last up move we see the next target is 1,43630 with the next resistance at 1,42250. 1,37680 is the 61.8 extension so we might see resistance here before then next up move. 151120 is a symmetrical up move from the swing low.

Daily-see chart 2

The next Support at 1,37120 and 136650. 1,37120 should be tested again.

60min Chart-chart 3

On the 60min chart we see a head and shoulders pattern that i missed to to only starting trading the 6E late today. The target down is 137050 or at the very least 75% of the move which is 0.75*58= 43.5. 137109-43.5=137065.5. Due to the Head and Shoulders we could see a test of 137,000. I am short biased today.

Monthly MP Chart-chart 4

Thanks to Gomi for the beautiful MP indicator. I looking for the market to fill the gap between the top peak and the middle peak on the monthly MP chart. That is looking for shorts from 1,3790 to 13700. I missed a nice move from 1,3785 to 1,3765 earlier in the day because i was too busy pulling my dick see chart 5. We see an inside bar on the volume ladder (bars 4 and 5). A good trade would have been Short at 1,3785 just below the Euro session pivot, with a stop at 1,3794 and target 1,3765 (S1). This was a nice 2:1 opportunity that i missed. It was also a nice downtrending opportuniity see chart 6 VWAP SD chart...Huge thanks to Fat tails for this indicator.

Todays trades

I shorted 1 lot at 8:13.15 central time at 1,3763 with stop at 1,3774. 6E made a double top off the opening range 30min (see chart 7). I was looking for a downside breakout with target of 1,3750 (100% move of the head to shoulders). 6E crept back up and printed 1,3773, 1 tick shy of my stop and i was able to get out with 2 ticks profit 1 minute before news hit at 9am central.

**Missed Trade**

After news hit 6E tested the bottom of the opening range and made a double/false breakout of 1 tick (see chart 8). There was also an inside bar-3bar pattern on the 5 min chart. This screamed buy 1,3763 with stop at 1,3754 with target 1,3789 (U.S session pivot and yesterday's VWAP) or at least 1,3774 which was daily high but i did not take this trade because of my short bias of the head and shoulders pattern and flag pattern at the time. Next time i will pull the trigger on this setup. This Move turned into an opening range breakout to the upside ended up hitting 1,3815. Missing this trade cost me the day!!!!

After the opening range breakout i tried to fade 6E at 9:38:58 with a short at 13804 and a stop at 13815, target of at least 13788 50% retracement of the up move. I got stopped out. I needed to be in again short at 1,3808 at 10:11 coz of the inside bar and failed test but was burnt from the previous trade and did not re-enter. I got stopped out at the session's HIGH and we sold off to 1,3740. I went to bed when it was at 1,3793 hoping i did not get stopped out on the day's high, alas it was not to be. I needed more patience initialy (maybe) but Definitely the courage to enter 1 more time on this trade.

Finished the day -$122.50 on the sim. It could have been so different. So close but yet so far. What are we going to do tomorrow night Brain? The same thing we do every night Pinky, try and take over the world.

Attached Thumbnails
Beginner's Journal/Playbook-6E and beyond-4.pdf   Beginner's Journal/Playbook-6E and beyond-5.pdf   Beginner's Journal/Playbook-6E and beyond-6.pdf   Beginner's Journal/Playbook-6E and beyond-7.pdf   Beginner's Journal/Playbook-6E and beyond-8.pdf   Beginner's Journal/Playbook-6E and beyond-9.pdf   Beginner's Journal/Playbook-6E and beyond-1.png   Beginner's Journal/Playbook-6E and beyond-2.png   Beginner's Journal/Playbook-6E and beyond-3.pdf  

Last edited by denisb13; October 30th, 2013 at 04:11 AM.
Reply With Quote
The following user says Thank You to denisb13 for this post:
 
  #5 (permalink)
Elite Member
Melbourne
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 7 since Apr 2012
Thanks: 3 given, 5 received

LOL

Thanks Evanbro)). Those GIF's are awesome!

Reply With Quote
 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Do not use PDF's for screenshots. PDF's are meant for multi-page documents. Use PNG or JPG for attaching screenshots.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Elite Member
Melbourne
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 7 since Apr 2012
Thanks: 3 given, 5 received

05/11/13

I missed the down move from 1,3800 to 1,3500 last week (still can't believe i got stopped out at the HIGH of 1,3815.....LOL but i learnt a lot). I just scalped the rest of the week and finished Wednesday +$82, Thu +$27, Fri +$47 all on the 6E. This put my account size at $50,034 in the combine at the end of the week with 75% winning days,

05/11/13

I was looking at 6A today and made 2 trades. Scratched the first and ran the second for 11 ticks. I recognized the head and shoulders pattern on the 3 minute chart (see figure 1..sorry for posting pdf's before Big Mike, they will now be jpegs) and went short at 0.9504 with stop at 0.9516. I pussed out and hit out at 0.9492. I am not getting enough reward for my risk and although hitting out is ok, i should have been back in at 0.9490 with a stop at 0.9495 or 0.9496 to catch a downmove to minimum 0.9472 (its a head and shoulders for fucks sake). On the plus side my account size is $50,144 in the combine, so now i have a slight buffer and 80% winning days, which puts me in a better position to be able to hold my winning trades....losses must always be CUT quickly.

Attached Thumbnails
Beginner's Journal/Playbook-6E and beyond-fig1.jpg  

Last edited by denisb13; November 6th, 2013 at 12:17 AM.
Reply With Quote
 
  #8 (permalink)
Elite Member
Melbourne
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 7 since Apr 2012
Thanks: 3 given, 5 received

08/11/13 Shorted 9375 at 8:09am CT on the 6A and got out at 9354 at 8:24 for 21 ticks. the hammer scared me, but once again i am not getting back into trending moves once i get out. My goal was 9323 but i pussed out. good that i took profit but should have been back in when i saw the two bearish engulfsion candles on the downlegs to 0.9329. On the plus side my account balance is $50,389 in the combine i,e 389 over 7 days trading a 1 lot. I need to enter more trades or hold my trades longer if i am to hit my target of $3,500. If i can build a buffer i will increase my lot size also,

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

Reply With Quote

Reply



futures io > > > Beginner's Journal/Playbook-6E and beyond

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Xiao Si's playbook xiaosi Elite Trading Journals 26 April 16th, 2014 09:21 AM
6E Scalper's Journal strikebackfast Elite Trading Journals 34 August 23rd, 2013 06:59 AM
JS 6E TRADING JOURNAL jsengxx2 Elite Trading Journals 36 April 27th, 2013 03:31 AM
Permeant Price Action Beginner 3.0 Journal permeant Trading Journals 2 March 5th, 2012 06:19 PM
RIM Unveils 'PlayBook' Device In Challenge to Apple's iPad Quick Summary News and Current Events 0 September 27th, 2010 08:10 PM


All times are GMT -4. The time now is 06:33 AM.

Copyright © 2017 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
Page generated 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.145.51.250