iqGod's Own Country - futures io
futures io futures trading



iqGod's Own Country


Discussion in Trading Journals

Updated by iqgod
      Top Posters
    1. looks_one iqgod with 257 posts (796 thanks)
    2. looks_two bobwest with 24 posts (52 thanks)
    3. looks_3 Scalpingtrader with 11 posts (28 thanks)
    4. looks_4 PandaWarrior with 9 posts (27 thanks)
      Best Posters
    1. looks_one iqgod with 3.1 thanks per post
    2. looks_two PandaWarrior with 3.0 thanks per post
    3. looks_3 Scalpingtrader with 2.5 thanks per post
    4. looks_4 bobwest with 2.2 thanks per post
    1. trending_up 36,596 views
    2. thumb_up 1,118 thanks given
    3. group 35 followers
    1. forum 385 replies
    2. attach_file 174 attachments




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

-- Big Mike, Site Administrator

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

 
Search this Thread
 

iqGod's Own Country

(login for full post details)
  #231 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

This is the first time I have been considering scaling into winners.

Here is how it played out, with the day ending +$138 (+$119 post commissions)



The first winner was closed at 80 and the other at 84.

Also I noted that I closed my sell too early, because countertrrend stuff makes me nervous.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to iqgod for this post:

Can you help answer these questions
from other members on futures io?
Delta PVP ( POC )
MultiCharts
Convert H Data TS to NT
NinjaTrader
Indicator Conversion
Sierra Chart
Hedging strategy with free money
Traders Hideout
Ninjatrader 8 best trades copier
NinjaTrader
 
 
(login for full post details)
  #232 (permalink)
Mumbai India
 
 
Posts: 21 since Jan 2014
Thanks: 208 given, 22 received

Good posts iq, but lately i have observed, your journal has completely turned into a collection of emotions & psychology. Its more about you & nothing about the markets at all. The trading journal now looks like a personal diary.

I guess a mutually beneficial journal would be one where we discuss about your insights of markets & your trading (not just the end results). Emphasis should be on the solution not the problem. And you have mostly blamed your psychology for bad trades, but as Brett points out in his blog, problem could also be Fluid Reasoning.

Regards,
TM

Reply With Quote
The following user says Thank You to trademaniac for this post:
 
(login for full post details)
  #233 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
Thanks: 6,324 given, 13,368 received



trademaniac View Post
Good posts iq, but lately i have observed, your journal has completely turned into a collection of emotions & psychology. Its more about you & nothing about the markets at all. The trading journal now looks like a personal diary.



I guess a mutually beneficial journal would be one where we discuss about your insights of markets & your trading (not just the end results). Emphasis should be on the solution not the problem. And you have mostly blamed your psychology for bad trades, but as Brett points out in his blog, problem could also be Fluid Reasoning.



Regards,

TM


Journal what's important to you....I did much the same.....and as time had gone on, journaling is less and less about market specifics and more about mental and emotional preparations as well as edge development and maintenance.

This is a necessary part of the journey.

Don't let anyone distract you from the pursuit of what's important.

Brett's article is pertinent but take it for what's it worth and nothing more than what it's meant to be....an article detailing what we know to be true.....make decisions based on context and not on rigid rules.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 3 users say Thank You to PandaWarrior for this post:
 
(login for full post details)
  #234 (permalink)
Site Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,162 since Sep 2013
Thanks: 10,447 given, 12,567 received


trademaniac View Post
Good posts iq, but lately i have observed, your journal has completely turned into a collection of emotions & psychology. Its more about you & nothing about the markets at all. The trading journal now looks like a personal diary.

I guess a mutually beneficial journal would be one where we discuss about your insights of markets & your trading (not just the end results). Emphasis should be on the solution not the problem. And you have mostly blamed your psychology for bad trades, but as Brett points out in his blog, problem could also be Fluid Reasoning.

Regards,
TM


PandaWarrior View Post
Journal what's important to you....I did much the same.....and as time had gone on, journaling is less and less about market specifics and more about mental and emotional preparations as well as edge development and maintenance.

This is a necessary part of the journey.

Don't let anyone distract you from the pursuit of what's important.

Brett's article is pertinent but take it for what's it worth and nothing more than what it's meant to be....an article detailing what we know to be true.....make decisions based on context and not on rigid rules.

@PandaWarrior is correct. You journal is meant to document issues that you need to change. If you have your method down, but have issues in your head. Continuing to journal about your method will not help. In the beginning you need to document as much as possible about how and why you are doing what you do as you trade.

Then after a while it is important to step back, assess yourself through your journal. Pick some areas to work on, and get to work. When you do that you start to turn ideas into actions. And that is how you make progress. When you start to focus on those items, you may focus on them more to ensure you are documenting what you need to evaluate.

I have changed the way I journal multiple times. The key is to keep it working for you. That may require you to post, or record different things at different times.

Reply With Quote
The following 4 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #235 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

This is one of the trades that I learnt early in my trading career and it still gives fantastic results if you are careful about the location.



The real problem with this method is that the stops are huge i.e. they reside beyond the pinbar extreme, which is quite a hefty stop.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #236 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

Bob Volman's classic Block Break:



The exact moment of the break cannot really be always timed, but the stops can always be set tight.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #237 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

Remember the basic principles:

A diagonal pullback in a freshly started trend, a bar that breaks above the last bar of this string of pullback bars near the EMA and viola you should be in!



Sadly I chickened out on this long a tad early, but apply the principles and you have the 10-tick target easily within reach.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #238 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

Observe how the sellers got squeezed slowly and steadily setting up this long for any observant scalper:



Again, I've covered way too early!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #239 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received

The trade premise is easy: Wait for the pullback to reach the EMA. If it is not a smooth diagonal pullback then do not take the First Break. Wait for price to breakout the second time and get in at that break.

This is the same as the H2 setup of Al Brooks.



I was in early, the really correct place to enter it is just as the huge bar started to break the earlier tiny bull bar in the EMA.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #240 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received


A couple of range breaks. Easy to trade if patience is applied. Add patience to the mix and many trading strategies become viable and even profitable.


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:


futures io Trading Community Trading Journals > iqGod's Own Country


April 29, 2016


Upcoming Webinars and Events
 

Trading and Hedging Gold Futures & Options w/Carley Garner

Elite only
 

New Bookmap Indicators and Trading Services

Dec 3
     



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