Bean's ES Journal Deluxe - futures io
futures io futures trading



Bean's ES Journal Deluxe


Discussion in Trading Journals

Updated November 21st 2013 by Eric B
    1. trending_up 2,081 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 11 replies
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

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

 
Search this Thread
 

Bean's ES Journal Deluxe

(login for full post details)
  #11 (permalink)
portland/oregon
 
Experience: Intermediate
Platform: my fist
Broker: DDT
Trading: cement
 
Posts: 62 since Sep 2012
Thanks: 39 given, 56 received

how not to trade

Today I had 2 failed trades. No video.

First trade
I entered on wrong side of market and then close out.

Second trade
I entered on side of market I originally wanted but chased price up.

Reasoning.
1. Price tested major support and found resistance gave bias for upside
2. Taught their would be stop cluster on upside.

Execution
1. Entered market on wrong side, then chased price up to immediate high.
2. Price came back and hit stop, where I should have had my order instead.

I usually don't trade FOCM days because price in my experience will stick in tight range until minutes come out. Should have sat today out.


the meanest bean of all,
MeanBean
Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
(login for full post details)
  #12 (permalink)
Fort Worth, Texas
 
 
Posts: 49 since Jun 2013
Thanks: 2 given, 15 received

Bean, I assume you're with TST?

Anyway, don't be tough on yourself on the 11/20 trade - I have a love/hate relationship with fed days myself.
I almost engaged (from the short side) that range you got chopped up in, but 1) didn't trust that the upper ledge would hold, as the market didn't peek outside balance & fail in D, E, or F periods, at which point I looked at the clock and saw that 2) FOMC minutes were going to be released (as a matter of risk management I never hold positions into FOMC).

So actually, I didn't have a single trade yesterday. I saw only one good opportunity close to the end of the day when price bounced off of 74.50, which we know from Peter Davies's prep that day was the end of a buying tail. But alas, I chickened out, as I hate to initiate new positions so near to the close (also as a matter of risk management).

Once you get your stop whammied enough, you'll stop chasing - I know I did. Glad to see that mistake was made on sim, not live! And your observation re: how the market typically behaves on FOMC days is spot-on. Hang in there...

Attached Thumbnails
Click image for larger version

Name:	11-20 MP.png
Views:	24
Size:	76.8 KB
ID:	129387  
Reply With Quote


futures io Trading Community Trading Journals > Bean's ES Journal Deluxe


November 21, 2013


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts