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Mergodon TopSteptrader Live Account Journaling

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  #301 (permalink)
 montanajtt 
Como, Italy
 
Experience: Advanced
Platform: Tradestation, IB
Broker: Tradestation, IB
Trading: ES
 
Posts: 183 since Aug 2014
Thanks: 297 given, 312 received

So happy for you, I also see you much more relaxed in what you are doing, you take the good and the bad at the same way and this itself shows how you grew up! Great job today, your trade was less easy to take then you described

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  #302 (permalink)
Porter
Luzern/Switzerland
 
 
Posts: 317 since Nov 2014
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matevisky View Post
P/L will come if my first withdraw happen (certeria: be positive in the week, and get half profit off. Profit: only count after 1K USD)
But we have other stats: lumosity, running, headspace meditating, loosing some weights winter time!!! Here we go all. Trading is a healthy activity guys!!! dont forget it


Mine is similar.

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  #303 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


Porter View Post
Mine is similar.

Your landscape and view a bit better than mine. Also you are pushing it more. During summertime I tend to run 7-8km as well. But I have been realized, I was getting tired for the afternoon session. From weightloss point of view it was a huge. In 3 month I have been lost 15 kg, but from trading perspective it was not profitable. So I am concentrating for a good run, try to do it every day, before trading - if I am not running at least go for a good walk Consistency here and in trading is the same thing for me.
But I am super-jealous for the landscape

Máté
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  #304 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received

Sorry guys. No time for trade today. Did not even meditate. We have workers at home, they are changing our windows, to do not get freezed out during winter time.

Missed a nice entry, missed my 25 tick profit, so got out. Market is smelly for me for a drop, dont want to overpush it... Sorry to dont see a nice clean disciplined trade. This is what it is...

Máté
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  #305 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


matevisky View Post
Sorry guys. No time for trade today. Did not even meditate. We have workers at home, they are changing our windows, to do not get freezed out during winter time.

Missed a nice entry, missed my 25 tick profit, so got out. Market is smelly for me for a drop, dont want to overpush it... Sorry to dont see a nice clean disciplined trade. This is what it is...

Hm. We have been dropped like a rock yesterday (250 tick or something like that...). Oke oke not after this one, after the next one... But my sense was at the right place at the right time...

Máté
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  #306 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received

I missed the runup, got out to early, was not fast enough and brave enough to move away may profit target. I was happy with a green dom, even if I would know where we are heading. Anyhow, clean and nice day. Should have been played a bit better, but I am oke with it. You can call it, ah it is crazy, ah it is rollover, we are after a drop bla bla bla... Yes all true, but the entries are entries, and the market moves are market moves. So missing this runup, was costy for me, (200 USD at least) but building the confident, and reading right, and reenter long is more benefitial, than anything else! Consistency every day, is killing any kind off big fish hunting. I will be there. I told you, ONLY THE TIME IS THE FACTOR!

Máté
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  #307 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received

Time to time I am seeing new people to join to this thread. This is great! I am trying to highlight major milestones in the summery page of this journal, to make the reading easier. I will also collect someday the most thanked posts also, which maybe worth to read, till that, use the summery:


And thank you for join. Please do not hesitate, to ask question, or send me PM if things are not clear, but also please take time to read first, to understand things first, before asking

Máté
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  #308 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received

I will update the overview page as well, but here are the most thanked post so far:

Worth to read:
- Product what I bought:
- About trading systems and different styles here at futures.io (formerly BMT):
- Meeting an old friend from the past story:

- getting noticed:
- out from the water after changing to Russel from YM:

Not so important:
- getting funded with real money by TST :
- A trade report after a choppy begining:
- Live trading report after 10 days:

Hopes these helps. It is readers choice

Máté
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  #309 (permalink)
vidrighin
Bucharest, Romania
 
 
Posts: 6 since Apr 2011
Thanks: 19 given, 11 received

You are a great trader and I think you become greater trader every day! I appreciate all your suggestions: Lumosity, Headspeace, Runkeeper...What books inspired you or what books you read ? ( I read all the journal here I hope I did not missed that info somewhere) Adrian

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  #310 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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vidrighin View Post
You are a great trader and I think you become greater trader every day! I appreciate all your suggestions: Lumosity, Headspeace, Runkeeper...What books inspired you or what books you read ? ( I read all the journal here I hope I did not missed that info somewhere) Adrian

I believe the greatness is trading comes with time, but thank you.
About books: I do not have good answer for this. In the begining I was trying to believe it is good to read books, but for me did not played out well. We are all different, and based on this everyone has to find his own best thing to do. What I love about books to read is the ideas, and not the solution. I am giving you an example:
Reading Van Tharp till he is giving you an idea about the R, and other thing is good. I am not using them as it described in the book, but I do aware of that, what is it used for, so I tailored the information to my use. But, reading for 300 hundred pages about this concept is get me tired.
Otherwise, reading market wizards Jack D. Schwager is a great pleasure for me, even if he is not giving any solution, but highlighting a lots of interesting view and thinking around the market. So for me is reading books is to get experience from others, and not solutions.

This is the main reason, I am trying to not read trading related books, or listen podcast, I am trying to read, and listen other stuffs, ideas, stories to keep my brain thinking and processing information, and not to get solutions from others.

Máté
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  #311 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received

UGH! It was a week... Last week down, this week coming back to up. Today charts, and reports, without any comment, not really needed:



Máté
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  #312 (permalink)
vidrighin
Bucharest, Romania
 
 
Posts: 6 since Apr 2011
Thanks: 19 given, 11 received

I told you are a great trader : )) (ups somone said "I told when you succed" )

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  #313 (permalink)
 montanajtt 
Como, Italy
 
Experience: Advanced
Platform: Tradestation, IB
Broker: Tradestation, IB
Trading: ES
 
Posts: 183 since Aug 2014
Thanks: 297 given, 312 received

Well deserved! Congrats

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  #314 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
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I love this guy. I am not a snooker player, even I am not watching closely the show, but over and over again I am amazed about this guy. He is kind of character, with his all bad and good abilities which makes him human and loveable... He could be angry, screw up things, but get up again and again and show his talent, and ability to make miracles like this one:

ps: funny fact his ankel was injured/broken

This is something what path to success. With all the good and the bad putting together to successed...

Máté
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  #315 (permalink)
Porter
Luzern/Switzerland
 
 
Posts: 317 since Nov 2014
Thanks: 89 given, 281 received

Well done

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  #316 (permalink)
 mfbreakout 
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
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Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,454 received

CONGRATULATION. A fine week is an understatement in this case. I have highest appreciation for traders who get funded by TST for live trading.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #317 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


mfbreakout View Post
CONGRATULATION. A fine week is an understatement in this case. I have highest appreciation for traders who get funded by TST for live trading.


Thank you. I fine week is a classification for the market acting normal and not to my trading skill. Market was moving so I had a chance to read it right. But ofc I am super happy to made it through so all good word is coming to my heart.
Thank you guys!

Máté
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  #318 (permalink)
BizWiz
Australia
 
 
Posts: 2 since Dec 2014
Thanks: 0 given, 3 received

Good on ya - keep going, see ya at the top

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  #319 (permalink)
 Sk8ter 
Beaverton, Canada
 
Experience: Beginner
Platform: Ninjatrader
Trading: Currency Futures
 
Posts: 135 since Dec 2012
Thanks: 1,198 given, 130 received

Well done Mate!

May I ask, do you look at any higher timeframes or other charts or just the ones you've shown in your screenshots? thanks

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  #320 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


Sk8ter View Post
Well done Mate!

May I ask, do you look at any higher timeframes or other charts or just the ones you've shown in your screenshots? thanks

Thank you for asking. I am using the same setup just like Horst. You can check it in real time what I do see:
[yt]https://www.youtube.com/user/EMiniTutor/videos[/yt]

, but do not forget, it is not about the method or the indicator, it is always about you. The concept is the same. Get my 20-30 tick profit using 8-10 tick StopLoss, and concentrate for the next day, and the next day... Simple it is... The indicator set, and the dashboard is only good for my eyes, because I have done my analysis in the last 1 year using these. You you can learn to trade anywhere else also, one thing or another wont make you rich, or will not understand better, how the market moves

Máté
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  #321 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,432 since Jan 2013
Thanks: 48,838 given, 21,544 received


matevisky View Post
but do not forget, it is not about the method or the indicator, it is always about you....

You you can learn to trade anywhere else also, one thing or another wont make you rich, or will not understand better, how the market moves

This is so deeply true.

If the method made the difference, the richest person in the world would be some clever programmer.

Also, becoming a billionaire would be easy....

Bob.

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  #322 (permalink)
 Sk8ter 
Beaverton, Canada
 
Experience: Beginner
Platform: Ninjatrader
Trading: Currency Futures
 
Posts: 135 since Dec 2012
Thanks: 1,198 given, 130 received


matevisky View Post
Thank you for asking. I am using the same setup just like Horst. You can check it in real time what I do see:
[yt]https://www.youtube.com/user/EMiniTutor/videos[/yt]

, but do not forget, it is not about the method or the indicator, it is always about you. The concept is the same. Get my 20-30 tick profit using 8-10 tick StopLoss, and concentrate for the next day, and the next day... Simple it is... The indicator set, and the dashboard is only good for my eyes, because I have done my analysis in the last 1 year using these. You you can learn to trade anywhere else also, one thing or another wont make you rich, or will not understand better, how the market moves

@matevisky, thanks for the video link, I will have a look. I agree with your comments about indicators, methods, etc. I just wanted to understand more about your methods. Thanks.

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  #323 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
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Posts: 3,585 since Aug 2009
Thanks: 5,079 given, 11,380 received


matevisky View Post
Thank you for asking. I am using the same setup just like Horst. You can check it in real time what I do see:
[yt]https://www.youtube.com/user/EMiniTutor/videos[/yt]

, but do not forget, it is not about the method or the indicator, it is always about you. The concept is the same. Get my 20-30 tick profit using 8-10 tick StopLoss, and concentrate for the next day, and the next day... Simple it is... The indicator set, and the dashboard is only good for my eyes, because I have done my analysis in the last 1 year using these. You you can learn to trade anywhere else also, one thing or another wont make you rich, or will not understand better, how the market moves


Sk8ter View Post
@matevisky, thanks for the video link, I will have a look. I agree with your comments about indicators, methods, etc. I just wanted to understand more about your methods. Thanks.

@matevisky

congratulations, well done!!

@Sk8ter,

you can also have a look here about some horst (er2wizard) trades. it was a fun thread, but closed now. and of course it's up to you to decide about his credibility


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  #324 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


Sk8ter View Post
@matevisky, thanks for the video link, I will have a look. I agree with your comments about indicators, methods, etc. I just wanted to understand more about your methods. Thanks.

It is not the method. Really not. The method is always the same. Find a good location to consider to take the trade:
- Double top will be almost the same
- With a 89% fib retracment
- Or with a value area border
- Or with a keltner channel border
- etc...
Wait for a good signal to turn, which will be the same for
- any nice bar pattern, which is turning
- A simple market foot print big order coming in quickly
- or anything else
Be known or familiar, what is the likely move which could be expected:
- Are we trending the same or opposite direction
- how strong was the area
- the reaction
- etc...
Be in the trade, manage the trade only after needed, and take profit....

Simple. All schools same patterns, for different instruments, with different configuration could be work better or worth, I agree with that, but everything is the same... So what you have to know about the system is only the following:
- Trading only after market open on US indexies, in the first 90 mins
- If I am ready with my 20-30 ticks, I am ready, and dont look back
- Trade to take is 3:1 R:R (or 4:1)

And that's it. After that, if you would like to join any training for, you have to figure it out, the guy who is running it is a nice and trustworthy guy for you or not. Are doing doing it in big, or small etc... Your choice. For me it was good, but we are not the same, you are not able to go on the same road what I did, you have to find your own way. Maybe you will have the same questions to ask, and I can help, because I have the experience, but at the end, you always will be alone, so you have to work on yourself alone. And I believe I did write it down, the most important part, is again NOT THE SYSTEM, it is about that is he trying to teach you a system, or is he trying to teach you how to learn to trade, and the system is only a tool.
Easy example, and again there is now good or bad answer:
- Is he have a system wrote it down in 100paged pdf documentation. YES... coool... are you sure it is cool? It is only a system, there will be no soul behind... Maybe it is cool... maybe not
- Oh he doesnt have it, coool, he will explain it too me, YES, coool... sure? maybe he is changing it all the time, hmhmhmhm.... not so cool...

So again... No good or bad, no it is going to work or not, only possibility... Like in trading... You have a freedom to choose Freedom is comes with the a price:P

Máté
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  #325 (permalink)
 matevisky 
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 633 given, 1,532 received


Silvester17 View Post
@matevisky

congratulations, well done!!

@Sk8ter,

you can also have a look here about some horst (er2wizard) trades. it was a fun thread, but closed now. and of course it's up to you to decide about his credibility


I do not want to open this question, if you would like to speak about Horst this is the right topic:


I was trying to speak it about general, and I never said anything about the method is good or bad. I would like to keep it in this way. I made it clear, after Horst I have been tried a lots of thing: .

So it is more over about the process to become a great trader, and not who to choose. Also I mentioned before there are a lots of way to become consistence and successfull, but the path is always your path:

So kindly ask everyone, do not open here any who is the greatest, what is the best questions. We are not the same, I can share my experience, but you have to decied, what is fit best for you.

Máté
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  #326 (permalink)
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
 
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Posts: 537 since Apr 2013
Thanks: 1,136 given, 397 received

Mate, congratulations on the combine. Have a great holidays and next year.

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  #327 (permalink)
 Traderwolf 
Raleigh,NC
 
Experience: None
Platform: Versatile and Stable
Broker: Reliable and Accurate
Trading: Money
 
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Posts: 250 since Feb 2012
Thanks: 154 given, 1,028 received


matevisky View Post
It is not the method. Really not. The method is always the same. Find a good location to consider to take the trade:
- Double top will be almost the same
- With a 89% fib retracment
- Or with a value area border
- Or with a keltner channel border
- etc...
Wait for a good signal to turn, which will be the same for
- any nice bar pattern, which is turning
- A simple market foot print big order coming in quickly
- or anything else
Be known or familiar, what is the likely move which could be expected:
- Are we trending the same or opposite direction
- how strong was the area
- the reaction
- etc...
Be in the trade, manage the trade only after needed, and take profit....

Simple. All schools same patterns, for different instruments, with different configuration could be work better or worth, I agree with that, but everything is the same... So what you have to know about the system is only the following:
- Trading only after market open on US indexies, in the first 90 mins
- If I am ready with my 20-30 ticks, I am ready, and dont look back
- Trade to take is 3:1 R:R (or 4:1)

And that's it. After that, if you would like to join any training for, you have to figure it out, the guy who is running it is a nice and trustworthy guy for you or not. Are doing doing it in big, or small etc... Your choice. For me it was good, but we are not the same, you are not able to go on the same road what I did, you have to find your own way. Maybe you will have the same questions to ask, and I can help, because I have the experience, but at the end, you always will be alone, so you have to work on yourself alone. And I believe I did write it down, the most important part, is again NOT THE SYSTEM, it is about that is he trying to teach you a system, or is he trying to teach you how to learn to trade, and the system is only a tool.
Easy example, and again there is now good or bad answer:
- Is he have a system wrote it down in 100paged pdf documentation. YES... coool... are you sure it is cool? It is only a system, there will be no soul behind... Maybe it is cool... maybe not
- Oh he doesnt have it, coool, he will explain it too me, YES, coool... sure? maybe he is changing it all the time, hmhmhmhm.... not so cool...

So again... No good or bad, no it is going to work or not, only possibility... Like in trading... You have a freedom to choose Freedom is comes with the a price:P


Very Well said my friend....

Wolf

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  #328 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
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You are the only one I know of who is blogging their live trading, so a very big thanks for that!

Could you tell us how many trades did you do in the first month? I assume 4-5 trades per day or so? Also, does the P/L include the broker's fee already?

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  #329 (permalink)
 matevisky 
Budapest, Hungary
 
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Pedro40 View Post
You are the only one I know of who is blogging their live trading, so a very big thanks for that!

Could you tell us how many trades did you do in the first month? I assume 4-5 trades per day or so? Also, does the P/L include the broker's fee already?

Here is a report: https://www.dropbox.com/s/j17v0gfs0ifj0tl/TSTLive_tradelog_v4.xlsx?dl=0
P&L is so-so accurate and comossion is included (if you are checking the excel you will see). I am saying so-so because I am doing it manually, only for the demonstration sake, and not because of further and accurate analysis. But the end of the day P&L always with in sync with my @TopstepTrader account ballance.

Answering the question: it was about 85 trade taken in 24 day, so it is 3-4 trade/day. I am in better position right now, because in case of russel 18 trade in 7 days (2-3 trade/day).

edited: PS: The data feed fee is not inculded. It is 85USD/month, have to pay it separatly.

Máté
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  #330 (permalink)
 matevisky 
Budapest, Hungary
 
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Ugh. I was adding a new timeframe, to fishing. It was not a good idea. Immidietly Overtraded the market. Almost paid my price.

Than, clarity came, made a gift, enter again. I had to, the picture was still very-very nice on higher timeframes. Turned a -600USD to +200USD...
I am proud to the end, and not so proud to the begining. But hey, the end game is count right?


Máté
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  #331 (permalink)
 matevisky 
Budapest, Hungary
 
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After a great day, I went running. After the 2. km I got me thinking to go home, and have some fun. Go to play poker, or drink some hungarian palinka or what so ever. Than I realized, it is not good. I have to be greatful to myself, and give some joy to my body. So instead of stoped runing at 2. km I was running 8 km. It was really a joy run. It was a mindfull run just like I learnt in https://www.headspace.com/ . Ofc my mind went off the focus, and running around with thoughts, but it was a great experience.
So I have to be thankful to my body and mind to handled this day with consistency, and pateint!

Máté
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  #332 (permalink)
 Sazon 
Roswell, GA
 
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matevisky View Post
After a great day, I went running. After the 2. km I got me thinking to go home, and have some fun. Go to play poker, or drink some hungarian palinka or what so ever. Than I realized, it is not good. I have to be greatful to myself, and give some joy to my body. So instead of stoped runing at 2. km I was running 8 km. It was really a joy run. It was a mindfull run just like I learnt in https://www.headspace.com/ . Ofc my mind went off the focus, and running around with thoughts, but it was a great experience.
So I have to be thankful to my body and mind to handled this day with consistency, and pateint!

One thing I've noticed is that your losses tend to be much much larger than your winners. Does that concern you?

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  #333 (permalink)
JohniFx
Hungary
 
 
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matevisky View Post
After a great day, I went running. After the 2. km I got me thinking to go home, and have some fun. Go to play poker, or drink some hungarian palinka or what so ever. Than I realized, it is not good. I have to be greatful to myself, and give some joy to my body. So instead of stoped runing at 2. km I was running 8 km. It was really a joy run. It was a mindfull run just like I learnt in . Ofc my mind went off the focus, and running around with thoughts, but it was a great experience.
So I have to be thankful to my body and mind to handled this day with consistency, and pateint!

seems lika breakout... could be false, could be a new trend. Nevertheless am gonna play the retest on your performance:

long Mergo@next run at 2 km, stop: when he ain't run the next 2 week, target: marathon by next summer
strategy: pyramiding on the upper retest of 10km; b/e when you break above today's 8km spike.

that seems like a good RR

keep up the good work bro,

cheers
J.

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  #334 (permalink)
vidrighin
Bucharest, Romania
 
 
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After 4 gifts I left the station...(I've decided to follow this rule of limiting the day loss...I still analyse if it's proper or not for me...)
Good side: [LIST]It seems you did not moved the stops [LIST]Found resurces in yourself to find clarity after 11 gifts...
Bad side: [LIST]Agressive in a typically confusing day = danger[LIST]Last trade in the red square. Reason ?[LIST]Those 3 trades in the orange square. Reason ?

Q1:When we are in red dom, we take trades to cover the loss or wait for legitimate trades (pretending we do not have the red dom) ? This is the question the market addressed me today...and I ask your opinion

Q2: What you did between the orange and green sqaure ? ( I want to do the same )

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  #335 (permalink)
 matevisky 
Budapest, Hungary
 
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@Sazon:
A lots of thing concer me, that's why I am keep working on myself day by day, but I do not understand or see what you are asking:
One thing I've noticed is that your losses tend to be much much larger than your winners. Does that concern you?
I do not see this. What I do see, if I wrong, sometimes I can overtrade, and make a red day. Today was a great example. Going red, cooling down, seeing a nice opportunity, with a huge R:R ration. Go for it, make a gift, go for it again. But I do not see any other statistic, specially day to day case to I am doing wrong...

@vidrighin
Q1:When we are in red dom, we take trades to cover the loss or wait for legitimate trades (pretending we do not have the red dom) ? This is the question the market addressed me today...and I ask your opinion
It was not about waiting. I was cooling of, waiting to picture to come. If it is there, it is a high probability trade. It is not likely to coming with this clarity, but when it is come it is worth to try. It was a last chance, after that I would gave it up... There is no good or bad answer here. Why should I miss a superclear picture, if I do see I am cooled down...? The other side of the story, I did not chicked out with 30 tick win. I was knowing what I see, and my take profit target was at the perfect place. So if the picture is working it has to be working like this. Simple it is... Yes, it is hard when you are in red, but speacially when you are in red, you have to be in controll... And I was today, and I am greatfull for that. Dont forget. It is a gaming of probability, and not about I am always right or wrong. Today I was right, sometimes I will be wrong, but I dont care in these kind of situations
Q2: What you did between the orange and green sqaure ? ( I want to do the same )
I was superangry to myself, to did not got out from the long position in the orange squaer, when I saw the double top, and went to short before, and I was praying the picture (pullback) come at the green box. I was not playing the breakout, I was playing the pullback of the breakout. It is sometimes harder, sometimes easier...
About the rest, I told you. I was checking a new timeframe, just for fun, and I was trigger happy. It was a 29Tick, I was planing to try it out, and it was a superbad idea today... Paid my price, got it back...

Guys. Please understand. I am learning! I do mistakes, and I am not perfect. You can call it luck, but hard to call luck a trade like in a greenbox, if you are down with 10 gift. My view is that, I am getting understand more and more, and getting hit sometimes, but learning to get up.


Máté
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  #336 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
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Judging by your historical P/L, I assume you lost big yesterday. In the last month, you have built up the account 3 times, just to lose 70-80% of it after every 4-6 days. You had a winning streak for 7 days and volatility was huge on Tuesday.

Just a guess, say it ain't so...

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  #337 (permalink)
 montanajtt 
Como, Italy
 
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Pedro40 View Post
Judging by your historical P/L, I assume you lost big yesterday. In the last month, you have built up the account 3 times, just to lose 70-80% of it after every 4-6 days. You had a winning streak for 7 days and volatility was huge on Tuesday.

Just a guess, say it ain't so...


or he just didn't work yesterday or he made a huge profit and went to party or, most likely, his P/L is not your business or something you should take your time to judge.

Apologies in advance if my reply to you may sound rude but if he is taking some time to post a public journal I think deserves the best of support and not to feel someone is waiting that he posts some losses.

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  #338 (permalink)
 kburks 
Boynton Beach
 
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mfbreakout View Post
CONGRATULATION. A fine week is an understatement in this case. I have highest appreciation for traders who get funded by TST for live trading.

Great job........

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  #339 (permalink)
 matevisky 
Budapest, Hungary
 
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There was a big loss yesterday. It was my bad, but it was a good one. I am not trying to find excuses, I am just showing my last trade. Hopes it helps to clarify what is the different, when you are in a rage mode, and when you are know what you are doing, and you are simply unlucky. I was down about -800USD. I will do the report later, right now I am not that mood. Than Business as usual I was starting to w8 for clarity. And clarity was coming again. Big move up, big move down (or not ha-ha ) Anyhow, I get up to the train to soon. And I got up again, went to bathroom when I saw the trade started to work. I was 100% sure if it is working it will test back the opening range. It is used to testing back, so it was a clear 90 tick trade (and the market did test it back...). So I was coming back, and sawing the picture. Not the best feeling. I was trying to thinking to go in again, but my it is not a good idea. This picture is working 50-60% of the time. It has 1:10 R:R ratio, as I am playing it. So it is absolutly a winner, but jumping again means the Risk has to be huge... Grrr... So I was not in the mood to post it, but today is today.... New day, new daily routine...


About the day, it was the same trigger happy day just a day before. The only different, I was in the trade long after market open (giving 2 gift for that LOL) than I closed it... Than the market shoot up... So not my best start yeasterday

---
About today. Nothing new, nothing extra. I was a bit extra carefull, w8 for the perfect signal, and go with it:


My account is in a comfortable 1300USD. Will do the usual report end of the week.


But, what is more important. Yesterady kept me thinking about sometimes I am shooting to fast. There are several rules what has to be filled, and some of the objective some of the subjective, but my mind sometimes is just a trigger happy mood. So I was not able to sleep in the evening, and I made some changes on my entries. Not a huge ones, just some thing which kept me doing this thing what I have done... It helped me today, could go into this trade a bit earlier, but I was waiting to my signal fullfiled, and it happened. I have been checked back many days. Really many (100-200) and ofc some cases, it is not working, and some cases are working, but give me a great great great view when NOT to take the trade, just w8. Yes, the entry could be worser, but I am giving limited gift for that entry... All the other thing stay... No holy grail, just a limit to myself....
Same apply to the target levels as well. It was easy to wait today 41 tick, instead of 30 tick, because of the same ruleset Sometimes good, sometimes bad. But it has the edge:P

@Pedro40 : Thank you for the good words, and helping me to understand how do I trading and handling my loss. I would say I can lose 3 times my daily profit. It would be better to do only 2 times, but 3 times it is... I do know it is not good, but on the long run, I do know that my consistency in trading, in my personal life will help me to solve my trading issues, and keep me on the green side of the road.

@montanajtt : Thx man, but it is a free forum. I am sharing all my things (maybe sometimes not in real time, sorry about that) so I deserve not only the good but the bad things as well . We have some history with @Pedro40 so it is oke from his side to comment like this And dont forget it is XMAS

And again. I am not here to justify everything what I am doing is great. I am here to show all the thing, when I am doing good, and when I am not doing good

Máté
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  #340 (permalink)
 Scalpingtrader 
Hanover, Germany
 
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First of, congratulatuons that you got - and still are funded! HOWEVER I really have the strong Impression that These Huge (they're not big, compared to your account size they are downright gigantic) losing periods will get you off the account rather sooner than later...

Honestly, I am neither the right person to judge this nor am I wishing for that to become true. Nonetheless I really feel like you should do something to control your risk better...

Anyhow, I wish you all the best in this endeavor!

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  #341 (permalink)
 montanajtt 
Como, Italy
 
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@Pedro40 again apologies for my reply

@matevisky I know it's xmas...finally This is the season I like most and I'm just thinking to shut down the machines until 28th and take some vacation as this year I took none
Good work today, I agree with @Scalpingtrader your losses may be compatibles with your P/L and strategy but are not compatibles with your account, you know we talked a lot about it and tst policies but I can understand that it could be worst to change your strategy and instrument.
Keep up the good work and you will soon find yourself in a more comfortable spot

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  #342 (permalink)
 matevisky 
Budapest, Hungary
 
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@TopstepTrader photo contest is going on. You can find me there, with my two kids. I love that picture very, but as a bonus here is 2 another one from them. If you like those picture go on and put some like on them There are a lots of good stuff to win so every vote is count
https://www.facebook.com/media/set/?set=a.778214428880624.1073741836.125834810785259&type=1





In the photo contest you have to find me, just because of the fair play:P

Ps2: All who dont have facebook account, you will miss the fun:P

Máté
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  #343 (permalink)
Pedro40
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montanajtt View Post

Apologies in advance

OK, I wrote a long one, but I have deleted it because I see you apologized again. I am really pulling for Mergodon, but he had this tendency of taking big losses when days of gains were given back, and finally that tendency caught up with him. It was predictable...

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  #344 (permalink)
 matevisky 
Budapest, Hungary
 
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Pedro40 View Post
OK, I wrote a long one, but I have deleted it because I see you apologized again. I am really pulling for Mergodon, but he had this tendency of taking big losses when days of gains were given back, and finally that tendency caught up with him. It was predictable...


Thank you Pedro. There is a lot of value in your words need some time to understand it better and deeper
How do i see is the follwoing:
In the last year I had a tendency to burn up 15+ combine
In the last 3 month I have been managed to stay in positive profit and did not do any margin call
In the last 10!days I have started to trade Russell again and going also well.
And every red day gave me a push to learn and analyse more and more. So I hope these tendencies will help me to stay in green.

I do know on the other side what you are trying to refer . But only time could change these so you can put words down which are pretty clear and easy to see but in really hard to find the value here

Máté
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  #345 (permalink)
 matevisky 
Budapest, Hungary
 
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All guys, who would like to learn the feeling of trading, but doesnt have the money, or time to spent on hard learning, but want to try it, here is a great new thread:


@GFIs1 doing a consistenc DAX trading in the last 3 years, so I would say he is "somewhere" on the road. He has been created a new thread which need more rule following than his old one. I truly believe it is a good start for everyone, at least to getting the feeling how it is entering a trade, exiting, following basic rules and basic money monegment. It could be followed and tested in real time with any sim platform, and it will give you a great experience in this word!

So thank you for this to him. And it is free

Máté
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  #346 (permalink)
 GFIs1 
Legendary Market Wizard
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matevisky View Post
All guys, who would like to learn the feeling of trading, but doesnt have the money, or time to spent on hard learning, but want to try it, here is a great new thread:


@GFIs1 doing a consistenc DAX trading in the last 3 years, so I would say he is "somewhere" on the road. He has been created a new thread which need more rule following than his old one. I truly believe it is a good start for everyone, at least to getting the feeling how it is entering a trade, exiting, following basic rules and basic money monegment. It could be followed and tested in real time with any sim platform, and it will give you a great experience in this word!

So thank you for this to him. And it is free

Thanks Máté
Nice introduction @matevisky into a very difficult area: to trade during high volatility in the markets.
This is a special program to fill the days when normal trading is out of reach.
A hint for this high risk trading: Play it on smaller instruments with less risk..

GFIs1
PS: trading is a lot of trial and error... if you are not sure - go SIM

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  #347 (permalink)
 matevisky 
Budapest, Hungary
 
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I am going back to combine. In went back ton200 usd again I don't want to push my luck again so info back to free combine to get mily mind right on track

Máté
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  #348 (permalink)
vidrighin
Bucharest, Romania
 
 
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and a Happy new Year!

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  #349 (permalink)
 trendwaves 
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matevisky View Post
I am going back to combine. In went back ton200 usd again I don't want to push my luck again so info back to free combine to get mily mind right on track

Máté - I have been enjoying your journal and studying your trading results. Thank you for taking time to keep the journal going. I think overall your method is pretty tight. It looks like the one issue for you is those times when the method gives several signals in a row which do not go in your favor resulting in a losing streak. This shows up pretty clearly on your P/L graph. So most of the time, day in and day out the method works reasonably well, but is prone to occasional losing streaks.

My suggestion is you consider the use of a daily $ loss maximum which you impose over the method. This is intended to cap-off and stop a losing streak at a predetermined level. If the maximum level is reached for the day, it is then up to you to turn off the computer and walk away for the day. This protects the integrity of your equity (P/L) curve and guards against the tendency (trading mistake) to want to keep trading and get back to even.

It's great to have a very strong belief in the trading method and your ability to use it, but at the same time it is important to balance that with the reality every system and trader has weaknesses which must be accounted for in your risk management plan.

Be Patient and Trade Smart
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  #350 (permalink)
 cejstrup 
Denmark
 
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Didn't you do "one and done" in the combine ? What made you change that ?

To succeed in trading you need to think like the minority ,so you won't end up like the majority
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  #351 (permalink)
 montanajtt 
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matevisky View Post
I am going back to combine. In went back ton200 usd again I don't want to push my luck again so info back to free combine to get mily mind right on track

you know, I'm sorry to hear that. I think your persistence will lead eventually to succed with it. Maybe doing a combine again will also help you better define your strategy and risk management. I just would suggest you to start fresh next year, take some rest and spend some time with your family. You worked very good this year and even if I can understand you may be disappointed right now, you have a lot to be happy the way your trading is improved.

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  #352 (permalink)
 matevisky 
Budapest, Hungary
 
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Yesterday was a no trading. Based on the strategy, and based on my family obligation. I had to go to the kids, so I had only 30 minutes to trade. When the market was open I saw a big drop. I said myself. Oke, I will go short after the market open, if it takes me out, I will go short again on pullback that's it.

What happened?
I did not go short. I saw the market droping. I was angry. I have no time to loose, and I am not doing what I have been planed. Oke lets go long on a pullback. Pullback was coming. No real signal (I have a justification signal to do this, after a huge drop). Make a gift. Get angry, went short. On the second pullback the market pop back to the opening zone.
News was coming. It is always heavy on the russel (not on the YM!)
I made 2-3 gift moving my stops, checking the time was late to the kids... getting raged...

I am not continue my story.

My bad, my decision my fault. I have to change on these discipline issues, if I would like to be a good trader. So I decieded to went back to combine.

thx all the support.

Combine plan is simple. I have 2 free combine. On the first combine I will trade Crude and YM. Start trading crude at pit open, and YM paralel. Just to get used to it. If it is successful, than it is. If not, I will stick with the YM on the second run... No rush, will see...

Máté
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  #353 (permalink)
vidrighin
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I used to have some of your bad habits. After reading the "Law of success" by Napoleon Hill i was inspired to create a *xls file, 3 columns: bad habits, cause - fears (where from those bad habits are coming from), good habits. Analysed all the bad entries and where I identified bad habits I put them in the first column. Then asked myself sincerely why I was taking this trade and I identified the cause - fear behind and put it in the second column. Then I invented some sayings against the bad habits which I will repeat every time I will be confrunted with the same cause - fear which triggered my bad habit. For example: 1. Not taking the profit (which is not at the daily target) although seeing signals against 2. Greed -Fear of poverty 3. "Bird in the hand worths two in the bush"
1. Moving the stop without a backup reason 2. Fear of loss -Fear of poverty 3. "A gift is a gift (not a loss)"
I hope it will help you.
I must admit that I was inspired also by Horst sayings if you observed he has some expressions: "Bird in the hand worth two in the bush", "No harm no faul", "Don't need to trade every day. Consistency a lot depends on the days you choose to trade, the opportunities you get envolved with. A smart trader can produce a profit. A wise trader knows which trades to produce a profit on.", etc.
I know you've gone be a great trader, I feel it, my trader intuition is telling me that. (By the way 50 percent probability for a pattern is just like you flip a coin, find something like 70-80 percent).

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  #354 (permalink)
 ness1g 
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Great thread, good job, keep it up.
I wish you all happy holidays

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  #355 (permalink)
 PinoyFutureTrader 
Salt Lake City
 
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matevisky View Post
Yesterday was a no trading. Based on the strategy, and based on my family obligation. I had to go to the kids, so I had only 30 minutes to trade. When the market was open I saw a big drop. I said myself. Oke, I will go short after the market open, if it takes me out, I will go short again on pullback that's it.

What happened?
I did not go short. I saw the market droping. I was angry. I have no time to loose, and I am not doing what I have been planed. Oke lets go long on a pullback. Pullback was coming. No real signal (I have a justification signal to do this, after a huge drop). Make a gift. Get angry, went short. On the second pullback the market pop back to the opening zone.
News was coming. It is always heavy on the russel (not on the YM!)
I made 2-3 gift moving my stops, checking the time was late to the kids... getting raged...

I am not continue my story.

My bad, my decision my fault. I have to change on these discipline issues, if I would like to be a good trader. So I decieded to went back to combine.

thx all the support.

Combine plan is simple. I have 2 free combine. On the first combine I will trade Crude and YM. Start trading crude at pit open, and YM paralel. Just to get used to it. If it is successful, than it is. If not, I will stick with the YM on the second run... No rush, will see...

Back to combine? Ur still a live trader with tst right? If not, y?

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  #356 (permalink)
FXSavvy
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I had all your mental issues and still have. Beleive it or not, even if you're a genius, you will never succeed in this market unless you completely get rid off all these bad habbits!

I am currently following a (trading diet) that is helping me keep me focused and away from all the bad habbits most of the time. I wish you success, and I really understand what you're going through because I have been there my self, and its pretty painfull, especially when you're trading for a living

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  #357 (permalink)
 ness1g 
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A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks

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  #358 (permalink)
 choke35 
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ness1g View Post
A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks

Daily Loss Limit: "Net P&L cannot hit or exceed this amount IN a trading day (5 PM CT - 3.10 PM CT)"
Only Max. Drawdown Rule is calculated at the end of each trading day.

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  #359 (permalink)
 tturner86 
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ness1g View Post
A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks


choke35 View Post
Daily Loss Limit: "Net P&L cannot hit or exceed this amount IN a trading day (5 PM CT - 3.10 PM CT)"
Only Max. Drawdown Rule is calculated at the end of each trading day.

Like any broker they have a risk department watching your combine. I have seen stories of people breaking the DLL and being exited from a trade.

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  #360 (permalink)
 ness1g 
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tturner86 View Post
Like any broker they have a risk department watching your combine. I have seen stories of people breaking the DLL and being exited from a trade.

So once below dll you fail? Even if you close trade with a winner?

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  #361 (permalink)
 TheShrike 
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ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

Yes, that is correct. If your max daily dd is 500, and your trade is down -504, your position will be liquidated and you will fail the combine and not be eligible for a rollover. Be careful.

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  #362 (permalink)
 tturner86 
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ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

My understanding is if you cross the DLL during a trade they will exit the trade. Your best bet is to contact TST support as they will be able to better answer your questions.

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  #363 (permalink)
 choke35 
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ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

Esp for beginners, it's hard to understand why a trade that ends up "profitable" should kill them.



Most think of trade P/L like Pic1: "Good" trades end up with a profit, "bad" trades end up with a loss.
Without any system or set of rules, this superficial view is feasible. Beginners often don't realize that there is more, because they are so absorbed by a trade and still don't know their probabilities.




With a system or set of rules, the spectrum of results widens (Pic2).
You have - at least - 4 categories of trades:

1. Justifiable trades that end up with a profit - "normal", but your desired result when you come up with rules / systems
2. Justifiable trades that end up with a loss - "normal": bad beats "without" reason
3. Unjustifiable trades that end up with a loss - "normal": you get a good beating with good cause
4. Unjustifiable trades that end up with a profit - "luck": you deserve a good beating, but you get away

Normally, the more experienced traders get, the more their learning shifts from the right side of Pic2 to the left side. Seasoned traders know their probabilities (1. & 2.).
But the fight within gets harder:

3. means that you have a (profitable) system, but for whatever reason you didn't stick with it. It's pain. You "deserve" the pain. It's a wake-up call.

4. is even more dangerous in the long run: There is no pain, there is no questioning of your behavior, no wake-up call by the market. So there is no reason to pause for a moment and learn. Routinely people mix up the luck they had with systematic, reproducible trading, and develop bad habits.


When a trader falls below the DLL, he violated the system.
Noone is interested, if he is lucky enough to "win it back" or even derive more bad habits from his misbehavior.
Sooner or later such gamblers will be wiped out. And that is exactly, what they show with the liquidation.

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  #364 (permalink)
 iqgod 
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choke35 View Post

4. is even more dangerous in the long run: There is no pain, there is no questioning of your behavior, no wake-up call by the market. So there is no reason to pause for a moment and learn. Routinely people mix up the luck they had with systematic, reproducible trading, and develop bad habits.


When a trader falls below the DLL, he violated the system.
Noone is interested, if he is lucky enough to "win it back" or even derive more bad habits from his misbehavior.
Sooner or later such gamblers will be wiped out. And that is exactly, what they show with the liquidation.

I would suggest being less harsh on yourself. Truly loving yourself. True discipline comes from the bedrock of humility, knowing your place, and making courageous decisions inspite of knowing how heavily the odds are stacked against you. Then when you truly acquire a mindset of a trader and follow your system, CONTINUE DOING THAT. I try not to boast in these forums. The moment I do I go and kill myself the very next day because I've inflated a balloon that feels like permananent but bursts sooner than later. I am speaking for myself here, not targeting anyone, just to be clear.


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  #365 (permalink)
 fofo 
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matevisky View Post
... 2 free combine. On the first combine I will trade Crude and YM. Start trading crude at pit open, and YM paralel. Just to get used to it. If it is successful, than it is. If not, I will stick with the YM on the second run... No rush, will see...

hello Máté,

all my respect to your thread, its really worth reading your journery.
I have failed some combines aswell, will start again in january.

My points you may want to consider:
- trading 2 markets parallel means 50% processing power for each, do you really think trading only 1 market doesn't give you enough opportunity to trade well?

- please focus on the porcess, dont count any usd. Thats the by-product if you make right decisions. As my teacher said: manage the risk first, the profit will follow

Enjoy the rest of holidays and prepare for an amazing 2015

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  #366 (permalink)
 matevisky 
Budapest, Hungary
 
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Sorry guys. I am not checking this thread till new year. I am focusing to my family and xmas, and other stuffs. I am not trading, but I am still here dont worry. I have been started programing again. No real reason only for fun. I made a quick robot in 1 day. It is kind of stupid theory nothing extra really. Just for fun and experimenting how the market is random, and not random. There is no holy grail ofc, but the strategy is looking fun. Only trouble to get backtest data. I have elit account, and I would needed YM for backtesting this stuff. I have data only for 2013, so if someone could help me out, that would be great.

I am new in this stuff, so it is really just to get back my programing skill a bit:P




ps: Happy new year

Máté
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  #367 (permalink)
 matevisky 
Budapest, Hungary
 
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I made some further adjusment (nothing big, just a main logic, to skip the trades against the trend), and here is the final version. 2.39 profit factor seems unrealistic, so I need historicals...

Máté
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  #368 (permalink)
 OKshunalTrader 
Bakersfield, CA USA
 
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matevisky View Post
Thank you for @TopstepTrader support to correcting the reports, here is the final one (There is crude and NQ trades, but all those BEs doesnt really matters)

Congats on the combine win.

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  #369 (permalink)
 matevisky 
Budapest, Hungary
 
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matevisky View Post
I made some further adjusment (nothing big, just a main logic, to skip the trades against the trend), and here is the final version. 2.39 profit factor seems unrealistic, so I need historicals...

Oke,

Issue resolvd, I have minute data, with historical download with ninjatrader... It is enough for the playground.

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  #370 (permalink)
 fofo 
Budapest, Hungary
 
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Hi Máté,

hows your trading going?

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  #371 (permalink)
kockasseggu
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Hi Fofo!

It's just a interesting.
I have a old friend. He's called Fofo also.
We meet very long time ago.
If you are this man, please call me on my phone.
The magic word for the contact: "DoubleDJ".
If you know the number for this word, you can get everything secret key for the magic forex, what I learnt in the last 5 years, otherwise: sorry.

Best regards,
Kockas-ass (actual alias)

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  #372 (permalink)
 fofo 
Budapest, Hungary
 
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kockasseggu View Post
Hi Fofo!

It's just a interesting.
I have a old friend. He's called Fofo also.
We meet very long time ago.
If you are this man, please call me on my phone.
The magic word for the contact: "DoubleDJ".
If you know the number for this word, you can get everything secret key for the magic forex, what I learnt in the last 5 years, otherwise: sorry.

Best regards,
Kockas-ass (actual alias)

hello!

He could be an other Fofo I guess, or my memory is very bad (which is true )
Send me a PM if you want & have a nice day.

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  #373 (permalink)
 matevisky 
Budapest, Hungary
 
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I was away a bit. I will post a catch up information, but I have been started a combine. 10 days 1500USD profit target. No big deal. This is day 1. Rules are simple. Make the trade, if it is reasonable, and looks good from market structure perspective. There are no hard rules, magic indicators, or anything. I am using some levels, and MACDBB, and I added the heinken ashi chart type just to stay out me from trouble. So I am looking to enter only doji bars = price reaction confirmation, and that's all.

Today was pretty simple. The plan was to short the YM, we were all time highs, some pullback should happen. No major eco news today, it is monday. If we are shooting up, than I will have chances to enter anyway, so I was w8 for the first turn point after the open to go short. 2 mins passed, dojis were coming, and I was going for short. Target was 35 tick, why not? it was around the close, could have hold a bit longer, but I was justifing my idea, the market will not do turn immidietly go up. So I was getting out on the 2nd push down, and I call it a day.

So that was my thinking. It was a good plan and a great execution, I do not feel it to push more...

ps: no this is not a live account.

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  #374 (permalink)
 futurestrader 
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Glad to see you Máté. Good luck with the combine.

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  #375 (permalink)
 bobwest 
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futurestrader View Post
Glad to see you Máté. Good luck with the combine.

Agree with that.

Get 'em.

Bob.

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  #376 (permalink)
 matevisky 
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So here is a short recap after december. I have been closed my live account because of I was went back to zero (or close to zero). So I have been recieved 2 freeride from topsteptrader, and during the xmas break I have been executed those 2 account in notime, with no plan, and no string to attach to trade or win anyway.
So I have been started to looking for holy grails again, blaming myself I am doing something wrong/something good, or I dont know. Searching again for guiding light, or crystal ball... So I have been downloaded the bloodhound software which is a great great great stuff I can tell. Unforcuneatly the free trial has been over, and I do not have any capital at all to buy it, but I truly believe it has been gave me a big change. (for 1 month I was using it all day and all night I can tell). So I have been put every trading idea, magic indicator patterns, magic levels and things, and find an edge on the market. Really I have been tried everything from A - Z, from fibonachi to MacdBB from market profile, to patterns, for bigger timeframe trend identification to volume vacuum. I also put my already bought indicator into the system to test them (I do not want to name them, but there are som)
Result? Great great edge on short terms, with good configuration. Meaning: Any indicator could give you great result, if you are tweaking them for 1 year, or 2 years and you are playing with the numbers. Like using 8Range bar, with EMA 19, will give you a huge edge on pullback on market Z. But when I have been started to backtest for the last 3-7 years backtest data (ES, CL) they all fail, and gave you zero edge. I was starting to pissed off. Really. Speaking frankly, I have not find any programable edge, on the market. Nothing. When I was putting everything reverse, it was the same result. No edge.

Ofc you do not have to believe me, I am just letting you know what is my overview right now. So if there is no edge, than how can you be consistence and profitable.... oooo.... oooo what are those fucking expensive training for.... hm...

The question is good, and I do know there is a lots of discussion about this on futures.io (formerly BMT), and I have to credit to all who said the holy grail is you. You do have to follow some basic understanding rules around your trading, but at the end, you are making calls based on market strutcutre, and your experience on the market. And this is your edge. You can make a call anytime, and anywhere, but if you are not able to beat the market with your view, more than 50% of the time, you will fail. And how can you do that? I do not know. But I do believe it is there.

So what is the bottomline here than. If my idea is true, than I can trade without any hard rules. I am not able to find out all the time, if I am entering a trade for a reversal, than the reversal will be a pullback only, or it will be a left shoulder, or it is the head already, or the right shoulder. After it happens, it will be very easy to see, where was the good spot to trade, but before the only thing what I can decied: Is it worthy for me to take this trade (enough room to get my profit, and good stop loss location). Is there any chance to work this trade out (we are not the middle of nowhere, or in the news etc...). And at least is there any slight price reactin which is justifing the call, and I can enter with a good price.
If all yes, than go for it. Simple.

So I have been dramitacly changed my setup. I am monitoring the ES, and the NQ during my trades (not for comfirmation only to see is anything is ou of ballance). And I am using big levels for bigger moves, and fib levels for range moves. If the location and the price pattern make sense (I am using heiken ashi doji, it is simple sign to the price is getting reaction on that area) and the move make sense, than I go for it...

So I have been accapted that trade is an art, and we will see am I good in it or not...

EDIT: I do not want to hurt anyone feelings. This is my view my observation, which is changing over and over again. I do not believe I am right or wrong but I do believe sharing is a good thing!

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  #377 (permalink)
 ratfink 
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matevisky View Post
So I have been accapted that trade is an art, and we will see am I good in it or not...

And so the journey continues, good to see.

Travel Well
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  #378 (permalink)
 BeachTrader 
San Diego
 
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Mate,

I know you have recommended Horst in the past. How come you don't trade his method anymore? Did you find it does not work?

Good luck to you and thanks for continuing your thread.

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  #379 (permalink)
 matevisky 
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BeachTrader View Post
Mate,

I know you have recommended Horst in the past. How come you don't trade his method anymore? Did you find it does not work?

Good luck to you and thanks for continuing your thread.

Horst basic idea, is to train the mind to see good trades. The method is not the key, it is a tool. If you are checking his page, he is talking about this a lot. System wise his primary focus on Russel, and I do believe those things what he is searching for is more likely happaning there, than on the YM, but the concept is the same:
- Decied the bias (system will give you the hints: consolidation, trending, or what so ever)
- Spot the right level - sweet spot (system will give you hints where to spot it)
- Wait for a pattern (system will give you the hint what it is)
- Execute and manage the trade (system will give you the method how to do that)

What is Horst saying is the same, what I am saying. Teach your mind to learn these things and enter the trade with a right direction. And do not forget. I am still here, I can still make good calls, and trades, and all the basic learnings was comming from here. How to develop, evolve your way is up to you... I still believe he is a great start, and also a consistence great trader, but it will up to you and not him to being successfull or not...

Máté
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  #380 (permalink)
 matevisky 
Budapest, Hungary
 
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Just one quote from a forum veteran: @tigertrader




Quoting 
Undoubtedly one of the most ludicrous, recurring themes on this forum. It bears testament to the obsessive preoccupation with useless indicators and indicators in general. What's next, an indicator to tell you when your ass itches? Try using common sense and your knowledge of price patterns, intraday seasonality, intermarket correlations, etc. instead of attempting to rely on some textbook cliche of an indicator or some other contrivance. Study the market(s) you are trading and learn it's nuances and tendencies and you'll know in advance when it's the best time to trade.

And ofc one thing to understand what he is talking about and another thing to know. I thought I did understand, now I do know I understand, but I do not know am I am I knowing it... Time will tell:P


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Porter
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I glad to see you again Máté.

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  #382 (permalink)
 matevisky 
Budapest, Hungary
 
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Thx we will see how long it will be like this way. As I see you are doing great so far. What I have been realized is really about the bias location and price action. The only thing what I would ask form you what are the levels where you are considering to take trades?


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  #383 (permalink)
 matevisky 
Budapest, Hungary
 
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Not the best day, but not the worst either. I was jumping on the downside train immidietly, the plan was if it is going down, it will go down from there. The market was turning, and I turned tooo. I was expecting some continue goind down move, it was not coming so there was no reason to hold.

Than it went up, and after the second retest, I was not closed my position. Then I caught in the middle of the chop, I was entering always on the middle not the side. So I was scalping up some money, many time just closed the trade, if it was not too nice, or the market was not doing what I was expecting. The major error was here, I was expecting the areas will fail at the first test, but they did not. Anyhow. The market was not moving anyway, my guess is that, it was shooting up this time, but I am happy what I have been got. I was not red, to push it, so this is what it is...

See you tomorrow...

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  #384 (permalink)
 matevisky 
Budapest, Hungary
 
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There is nothing superexicting here. This is the report after 2 days. Plan is still simple. If I can grab my 20-40 ticks than I call it a day, if not, than try to be on the green side, and accept what the market has been offered. Theoritically speaking I am trying to measure more to being following these simple rules, and going where the market goes, than to concentrate on the combine. It will be successfull either way - I mean the rollover is the minimum thing if I have a little understanding and discipline, and the target should be no issue either if I feel the things right...

Yesterday I have been missed some opportunity, simply based on the fact I was too slow to enter, but this is what I am expecting. The good trade location is not opened for a long time

Anyhow it is a great thing to know that I do not know anything!

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 matevisky 
Budapest, Hungary
 
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I am doing some development to show news alert window and vertical lines on the Ninjatrader. I was very pissed of when I saw the uploaded dll for this indicator:


Also there is an banner line in it. Anyhow, I have been started to code my own solution. No big deal really, I hope I will be ready with it next week (the skelaton model is ready anyway). The only question is that, is anyon know a good news datafeed, which could be used. I need xml data like this:
Core Retail Sales q/q

The problem with forex factory feed, I can use only the news data, but the results are coming from the website only. Maybe later on I will do some logic to load the website data, but it is not as good than to use an xml...

Happy trading for everyone today, also if you have idea to what to put into the news indicator do not hesitate to comment it. Right now I am doing the following functionality:
- select the country what you would like to see (comma separated version with all tag...)
- select the priorty (also comma separated, but you can use all as well)
- show the databox
- some formating possibility to what to show
- show today news
- show only upcommign news
- alert me before the news x minutes
- put a vertical line before the news x minutes to alert me

Any other idea, which could be usefull? once again not able to load the news data, also not able to load when the news has been hit exactly (not so important I guess)

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 matevisky 
Budapest, Hungary
 
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It was an easy day. The plan was to go up with the market, there was no plan to going down. The first trade was easy to take, HeikenAshi was doing fine to keep me out of the trouble. Unforcuneatly the market was heading down.
There would be a good trade for going down (there were good areas there from yeasterday) but I was betting up. It was a mistake. Based on the priceaction it was a short pullback and not permission to go long. Anyhow I piad my price, and got me waiting for a long time. My view was that the market will shoot up, and it was a long holding period, than I have been decieded, to give up the things, I was not in the mood to wait another pullback.
The (3) trade was a fantastic one. All credit to heikenAshi to got me waiting for the perfec entry , and also it was a good location. Then the plan was to w8 over the news. Which was a negativ, but all the other markets (ES, NQ) was up enough to confirm to me to hold it. It was a painfull period I can tell, from +30tick come back to 0tick, and goes back again to +30, and w8 for going up. After 1 hour trading, and bairly complet my profit goal I have to say, I am happy with my progress...
Cheers!

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  #387 (permalink)
 matevisky 
Budapest, Hungary
 
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I have been misstraded the market by discipline, the levels what I was looking for were there, I simple just changed the side 4 times in the storm. My bad, my fault. See you on monday... Not the best idea, to w8 for the breakout, when it not happened yet:P


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 michaelf 
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matevisky View Post
I am doing some development to show news alert window and vertical lines on the Ninjatrader. I was very pissed of when I saw the uploaded dll for this indicator:


Also there is an banner line in it. Anyhow, I have been started to code my own solution. No big deal really, I hope I will be ready with it next week (the skelaton model is ready anyway). The only question is that, is anyon know a good news datafeed, which could be used. I need xml data like this:
Core Retail Sales q/q

The problem with forex factory feed, I can use only the news data, but the results are coming from the website only. Maybe later on I will do some logic to load the website data, but it is not as good than to use an xml...

Happy trading for everyone today, also if you have idea to what to put into the news indicator do not hesitate to comment it. Right now I am doing the following functionality:
- select the country what you would like to see (comma separated version with all tag...)
- select the priorty (also comma separated, but you can use all as well)
- show the databox
- some formating possibility to what to show
- show today news
- show only upcommign news
- alert me before the news x minutes
- put a vertical line before the news x minutes to alert me

Any other idea, which could be usefull? once again not able to load the news data, also not able to load when the news has been hit exactly (not so important I guess)


What about this news indicator?

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  #389 (permalink)
 matevisky 
Budapest, Hungary
 
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michaelf View Post
What about this news indicator?

Yip, it is there, but I would like to add some more futures. Almost ready with it. Some examples:
- filter news based on country
- filter news based on impact
- highlight the time range when the news hit on the chart
- some more cool configuration...
- smaller interface window
- etc...

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 matevisky 
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I have been misstraded the market by discipline, the levels what I was looking for were there, I simple just changed the side 4 times in the storm. My bad, my fault. See you on monday... Not the best idea, to w8 for the breakout, when it not happened yet:P


Some more comment on this.

I was seeing a lots of opportunity to go up. I was tagged to go up, didnt expected to come back. We came back to the double bottom area again. It never failed by a tick, but all the other market was dropping, so I scared out. Also my wife was coming back to the key, and I was discracted. So I started to jump in and out, without any real reason. Now the market is up to +100 tick from my original entry. This is what it is...

The big lesson Is still the same. You are not able to be in 2 river on the same time. My guess is that if I would not have disctracted I would have been hold the long, but who knows. The lesson have been learnt, so I do not see any issue, only lesson fortcuneatly...

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algorithmic
 
 
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wish u success in your live account with TST.how much cushion do you need to scale your contracts one more ? does your daily loss limit increase with your cushion ?

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  #392 (permalink)
 matevisky 
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algorithmic View Post
wish u success in your live account with TST.how much cushion do you need to scale your contracts one more ? does your daily loss limit increase with your cushion ?

After you got funded you and the 10 days past, you are managing your own risk. Meaning: you can trade as you like (you have to obey the scaling rules only), but you are never again allow to hit your balance back to below zero again. So anytime you can ask for withdraw, but you have to keep that in mind the balance is not allow to go negativ. More info could be found here:
Futures Funded Trader Scaling Plan ? Help & Feedback Center

official TST forum here:

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 matevisky 
Budapest, Hungary
 
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Yesterday I was going red again, and I missed the keep the balance in the loss limit. Today I have been realized I was trading one of my demo account. Hm... Luck. (the miss was because of some slipage, but slipage or not, it is not accapteble...)

Anyhow. I have done some research back, and I believe I am getting a clear strategy to how to go forward. So it was a good lesson. I made some research back again random days, market replay, etc... The plan is working. Has some good strong elements, and has some weak, and strutcture understanding. I have identified a lots of not working scenario, which made me happy, also I have been identified a lots of scenarios, where I have realized it was a nice run, but I am not able to catch it...

So we wil see it today in real life... I am still accapting the fact the goal is not to be righ the goal is be conistence, also I am not able to controll the market, I am able to controll my plan, and sometimes it will be good, sometimes it will be not good...

Cheers...

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 lemons 
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matevisky View Post
After you got funded you and the 10 days past, you are managing your own risk. Meaning: you can trade as you like (you have to obey the scaling rules only), but you are never again allow to hit your balance back to below zero again.

I know its TST money and rules.

If I have average start first 10 days then I am up + 1080 $
And after first 10 days if I have worst drawdown then I will be
hardly LIVE + 157 $



What will be your worst case senario ?

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  #395 (permalink)
 matevisky 
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lemons View Post
I know its TST money and rules.

If I have average start first 10 days then I am up + 1080 $
And after first 10 days if I have worst drawdown then I will be
hardly LIVE + 157 $



What will be your worst case senario ?

Happened with me. I have asked them to go back to LTP phase. You are going to recieve 2 free round, than you get founded again, and you can have the 10 days with the normal drawdown again.

Speaking frankly this is their money management rules, which helped them to stay positive portofolio whatever happen. So from their perspective it is fine, from your perspective, it is still a protection to dont be stupid like I was:P

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 matevisky 
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 bobwest 
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Hey, that's cool.

Bob.

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 matevisky 
Budapest, Hungary
 
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I was amazed how easy can @Porter trade different instrument. So prooving my right I put out NQ as well to my charts, and started to trade, based on my new rule-set. Ofc I have been started with 2 loosers, all was against the rules. Short on the DOW was a huge huge huge mistake, and long on NQ was more emotional than reasonable, but was oke. Than I kiced my head, and started to repeat myself, no emotion, trade what you see and not you feel. So the fun part started during the news, after the first 2-3 minute I was started to do what I am seeing, and I was hoping I will catch the right wave sooner or later. Itt happened. Got my 300USD (bit more) see you tomorrow!

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  #399 (permalink)
 matthew28 
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Hi Matevisky,
Good to see you back and still working towards your goal.
I can't help you with your news indicator you mention on the previous page, and I understand that you want it for being able to see news reaction on the charts. But with one of the things that you mentioned being that you wanted an alert a few minutes before a news event, I use freealarmclocksoftware.com which allows you to program in lots of different events. Each morning I look at the calendar and then tick the alarm boxes for what I want each day, for eg. an alert two minutes before the open, and one hour after the open for the IB, an alarm every Wednesday ten minutes before the crude report etc. Like I say it won't help with your chart analysis but it has kept me out of trouble a couple of times when I lost track of time during the day.

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 matevisky 
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matthew28 View Post
Hi Matevisky,
Good to see you back and still working towards your goal.
I can't help you with your news indicator you mention on the previous page, and I understand that you want it for being able to see news reaction on the charts. But with one of the things that you mentioned being that you wanted an alert a few minutes before a news event, I use freealarmclocksoftware.com which allows you to program in lots of different events. Each morning I look at the calendar and then tick the alarm boxes for what I want each day, for eg. an alert two minutes before the open, and one hour after the open for the IB, an alarm every Wednesday ten minutes before the crude report etc. Like I say it won't help with your chart analysis but it has kept me out of trouble a couple of times when I lost track of time during the day.

Thank you for the good words. I am almost ready with my solution. It is not for trading the news, it is simply just keep that in mind, some events is going on, and it could be impacted for the price action. Many many time I missed some news, and it would be nice not only to have an alert, or text, but also some warning on the chart itself. We will see how helpfull it will be, I will upload the first version here for testing in 1-2 hours

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