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Mike Sullivan Trading Journal
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Mike Sullivan Trading Journal

  #21 (permalink)
Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 790 received

CL Setups for Monday 12/2/2013...

1st Trade: Aggressive 3LB for 6 tix. Move went 17tix before 10tix retracement for trading mult. contracts.
Aggressive due to a Red 50MA. Felt good about the Price Action. Again, my call on the trade. The strong
angle of the 15MA wasn't bad either. 3LineIndicator was favoring the trade long as well.
This is where the Discretionary judgments are made...

2nd Trade: This is a strat I'm working on above and beyond the core 4 listed above. The 5th setup is
a 3 Bar Stall towards the 15MA [RGR] - Red/Green/Red
...also fired off a Blue Strategy Diamond that will be part of an Auto Strategy setup from RTL coming soon...

2 trades, $120 - $10comm = $110

Need to make $75 for my 20day Combine profit objective of $1500.
Not greedy and stopping for the day!!

Cheers...

Mike Sullivan

Attached Thumbnails
Mike Sullivan Trading Journal-cl_120213_1.png   Mike Sullivan Trading Journal-cl_120213_filledorders.png   Mike Sullivan Trading Journal-cl_120213_summary.png  

Last edited by msull35706; December 2nd, 2013 at 10:22 AM.
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  #22 (permalink)
Elite Member
winchester
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: es
 
Posts: 4 since Mar 2011
Thanks: 0 given, 1 received

Ninja Trader

Mike, I heard awhile back that topstep was going to be adding Ninja Trader as a trading platform. Do you know if that is the case?

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  #23 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received



msull35706 View Post
1st Trade: Aggressive 3LB for 6 tix. Move went 17tix before 10tix retracement for trading mult. contracts.
Aggressive due to a Red 50MA. Felt good about the Price Action. Again, my call on the trade. The strong
angle of the 15MA wasn't bad either. 3LineIndicator was favoring the trade long as well.
This is where the Discretionary judgments are made...

2nd Trade: This is a strat I'm working on above and beyond the core 4 listed above. The 5th setup is
a 3 Bar Stall towards the 15MA [RGR] - Red/Green/Red
...also fired off a Blue Strategy Diamond that will be part of an Auto Strategy setup from RTL coming soon...

2 trades, $120 - $10comm = $110

Need to make $75 for my 20day Combine profit objective of $1500.
Not greedy and stopping for the day!!

Cheers...

Mike Sullivan


Nice trading Mike. I like how even though there are clear cut rules for the actual trade setups that there is still a discretionary element as to whether you take those trades or not based on price action. Not just a red light green light system.

Nice going!

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  #24 (permalink)
Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 790 received


ttimber View Post
Mike, I heard awhile back that topstep was going to be adding Ninja Trader as a trading platform. Do you know if that is the case?

Don't hold your breath on the NT platform being avail.
Trade simple and use the T4 Platform.
Not too bad and stable....
Don't let that stop you from pursuing a funded account.

My 3 cents....

Mike S.

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  #25 (permalink)
Elite Member
Saint Louis Missouri
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: crude oil
 
Posts: 78 since Dec 2011
Thanks: 63 given, 35 received

great trading

Mike
you are doing great. keep it up. follow the rules.
Amin

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  #26 (permalink)
Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 790 received

CL Setups for Tuesday 12/32/2013...

Slow start.

1st Trade: Took a non system PB to what I thought was a resistance area and lost 10tix..
Setup candle was a nice rejection but bottomed -$100 so far

2ndTrade: System Power at 15MA for 6tix
Had you been trading 3 contracts... T1 = 6tix, T2 = 10tix, T3 = 29tix for 45 tix or $450

Prior to Power Entry, missed a GREAT 3LB. Was away from pc at moment.
That was an expensive cup Joe!!!

3rd Trade: ABC failed

4th Trade: ABC Failed.. Went 7tix, going for 10 on 2 contracts.....

Mike S.

Attached Thumbnails
Mike Sullivan Trading Journal-cl_120313_1.png   Mike Sullivan Trading Journal-cl_120313_filledorders.png   Mike Sullivan Trading Journal-cl_120313_summary.png   Mike Sullivan Trading Journal-cl_120313_3.png   Mike Sullivan Trading Journal-cl_120313_tst_summary.png  

Last edited by msull35706; December 3rd, 2013 at 07:04 PM.
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  #27 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received


msull35706 View Post
Slow start.

1st Trade: Took a non system PB to what I thought was a resistance area and lost 10tix..
Setup candle was a nice rejection but bottomed -$100 so far

2ndTrade: System Power at 15MA for 6tix
Had you been trading 3 contracts... T1 = 6tix, T2 = 10tix, T3 = 29tix for 45 tix or $450

Prior to Power Entry, missed a GREAT 3LB. Was away from pc at moment.
That was an expensive cup Joe!!!

Mike S.


Mike this is just my 2 cents here so please take it for what it is worth :-)

I am sure you have some trading experience under your belt which is what lead you to take that 1st trade. But considering you are new to the RLT method and indicators, it may be best served to leave some of your other entries for later in the game until you have gotten a solid handle on when to take the 100% system entries. Adding a bunch of different entries to a system sometimes tends to confuse things and may cloud your judgement when a normal system trade comes up. Not to mention it makes it harder to track your stats when you start tossing some other things in the mix.

In all of my years of experience the one thing I have learned and fully believe in is to learn your systems entries really really well and then after you have built a consistent track record look to add another to your tool belt. RLT already has 4 standard entries which is plenty enough to make a healthy profit from the market ;-)

So again please like I said take it for what it is worth, just trying to impart a little tip that has proven helpful for me and may for you as well.

Cheers,
Jester

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  #28 (permalink)
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Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 790 received


Jester View Post
Mike this is just my 2 cents here so please take it for what it is worth :-)

I am sure you have some trading experience under your belt which is what lead you to take that 1st trade. But considering you are new to the RLT method and indicators, it may be best served to leave some of your other entries for later in the game until you have gotten a solid handle on when to take the 100% system entries. Adding a bunch of different entries to a system sometimes tends to confuse things and may cloud your judgement when a normal system trade comes up. Not to mention it makes it harder to track your stats when you start tossing some other things in the mix.

In all of my years of experience the one thing I have learned and fully believe in is to learn your systems entries really really well and then after you have built a consistent track record look to add another to your tool belt. RLT already has 4 standard entries which is plenty enough to make a healthy profit from the market ;-)

So again please like I said take it for what it is worth, just trying to impart a little tip that has proven helpful for me and may for you as well.

Cheers,
Jester

Steve

Thx so much for your input!!!
You hit t right on the head!
This is what it's all about.. Traders helping traders.
Leave egos to the curb and offer sound advice.
I took some later trades that failed....
But you learn from your worse trading days.
I will regroup and get back on the horse and move forward

Many thanks

Mike Sullivan

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  #29 (permalink)
Elite Member
Manassas, VA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninjatrader Brokerage/Continuum
Favorite Futures: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received


msull35706 View Post
Steve

Thx so much for your input!!!
You hit t right on the head!
This is what it's all about.. Traders helping traders.
Leave egos to the curb and offer sound advice.
I took some later trades that failed....
But you learn from your worse trading days.
I will regroup and get back on the horse and move forward

Many thanks

Mike Sullivan

No problem my friend! Believe when I say I have been down the road of hard knocks and have recieved my share of black eyes from the market

So if ever there is a chance for me to learn something or give something back I am all for it. Just as you said "traders helping traders"

Cheers,
Steve

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  #30 (permalink)
Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 790 received

CL Trade Setups 12/4/2013...


Took 2 system trades today on 2 contracts and netted $240
Nice recovery day.

1st Entry: First PB to 15MA with matching RED 15/50MA's. Classic Power Entry
Went for 18tix total so got my 6 + 10 tix for $160

2nd Trade: 2nd PB to 15MA [Strat signal]. Stalled twice at 6tix so I took 5tix on 2 contracts
for 10tix total or $100

No Mike Sullivan made up trades today!!!!

Thx for the board's support on just take system trades.
The strat trade is similar to the Power Entry which is based on a PB to the 15MA with trend

Mike S.

Attached Thumbnails
Mike Sullivan Trading Journal-cl_120413_1.png   Mike Sullivan Trading Journal-cl_120413_2.png   Mike Sullivan Trading Journal-cl_120413_filledorders.png   Mike Sullivan Trading Journal-cl_120413_summary.png   Mike Sullivan Trading Journal-120413_topstepsummary.png  

Last edited by msull35706; December 4th, 2013 at 09:52 PM.
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