NexusFi: Find Your Edge


Home Menu

 





COMMON SENSE


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one mfbreakout with 980 posts (2,733 thanks)
    2. looks_two sandptrader with 64 posts (128 thanks)
    3. looks_3 alejo with 36 posts (38 thanks)
    4. looks_4 madLyfe with 24 posts (25 thanks)
      Best Posters
    1. looks_one Surly with 3.4 thanks per post
    2. looks_two mfbreakout with 2.8 thanks per post
    3. looks_3 jthom with 2.6 thanks per post
    4. looks_4 sandptrader with 2 thanks per post
    1. trending_up 159,765 views
    2. thumb_up 3,304 thanks given
    3. group 64 followers
    1. forum 1,262 posts
    2. attach_file 811 attachments




Closed Thread
 
Search this Thread

COMMON SENSE

  #561 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

ive been asking questions. some of them in PM with sharing charts and getting opinions. ive really opened up my trading with some of these concepts combined with past knowledge. i dont/cant hold overnight so i have to be pretty accurate on my direction during the day. almost as important as my tgt areas for expected moves.

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Visit my NexusFi Trade Journal
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #562 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Market Wizard
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818


Bsinks View Post
It was a pretty good week of trading........didn't make much......but more importantly I didn't loose any.

I hope you do not go through my journey which bascially involved so much lossess and pain that i finally said F___ everyone and everything and trade differently from everything i had in my mind.
I finally realized that totally opposite results ONLY comes from totally different thinking/approach. I could have just crusised along, two steps forward and one step back ward, 20 ticks here, 30 ticks there, up and down. But that approached finally reached it's limits.

This is very common for home gamers. No one to report. That's why at professional firms you either prove or out in 6 months. But lot of us like myself had no chance in hell that any firm will hire. Lot of us are OLD NEWS- not just by age but other ways also. Everyday in " Introduce Yourself" section , one can see traders trading for 2 years, 5 years etc and still looking for answers. The entire quest seems to be " Low risk defined entry for quick results".

Luckily you are way ahead where i was at your trading career stage.

My change came when i noted " It was a pretty good week of trading. Didn't make much. But more importantly i lost so much money that i got into my senses".



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.
Visit my NexusFi Trade Journal Started this thread
  #563 (permalink)
 
Bsinks's Avatar
 Bsinks 
Wichita Falls TX/United States
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Soybeans, Crude, Natural Gas
Posts: 82 since Dec 2013
Thanks Given: 37
Thanks Received: 65



mfbreakout View Post

My change came when i noted " It was a pretty good week of trading. Didn't make much. But more importantly i lost so much money that i got into my senses".

LOL......Good one

Thanked by:
  #564 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646


mfbreakout View Post
Some traders did not take shorts yesterday because price had already gotten away from their IDEAL LOCATION. I do not know what that means for a day like yesterday when there was selling across the board. Was ideal entry for TF was 1118, 1120 etc. For me it did not matter as long it is not close to daily ATR of TF. I just wanted to be short- 1118, 1112, 1110 and so on.

Today ( which is typical after a massive move ) when TF is stuck within 3 or so points, for some reason traders feel comfortable with calling levels and scalping for ticks. Someone emailed me long 1108.50 out 1110, stop loss 1107 with all kinds of reasons for the trade. He is a friend so i could not tell him that i do not trade " ROUNDING ERRORS".

I am long , took some off, added to long on pullback around 1106 and staying long. My trades may turn out to be 3-4 points scalps also but i am not going long and then short etc.


something like this is what you say?:




thanks for all your advices!
i was trying to find out :scalp/severlas points and you give a clear direction

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal
Thanked by:
  #565 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646


mfbreakout View Post
Light up.

hi, that indi mark the orl, orh? are they from tradestation?
i try to find out what are they, one day look one thing an another day look other thing?
what are they ?

thanks for your help

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal
Thanked by:
  #566 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Market Wizard
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818


alejo View Post
hi, that indi mark the orl, orh? are they from tradestation?
i try to find out what are they, one day look one thing an another day look other thing?
what are they ?

thanks for your help

On my charts from Think Or Swim 2 cyan lines show 45 minutes OR for CL. I use 8.30 am to 9.15 am eastern time OR. Fat Tails have these available for free for Ninja Trader.

For TOS, one can purchase from ThinkScripter | thinkScript Indicators for thinkorswim



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.
Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #567 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646


mfbreakout View Post
On my charts from Think Or Swim 2 cyan lines show 45 minutes OR for CL. I use 8.30 am to 9.15 am eastern time OR. Fat Tails have these available for free for Ninja Trader.

For TOS, one can purchase from ThinkScripter | thinkScript Indicators for thinkorswim

thanks, i am using the or in nT, and i am watching them and testing different things to see if it make sense to me, for example, 2,15,60, but i did not realized that yours was45min.
when you say for cl, does mean that each product use different OR?, in that case what do you use for nq?and tf?

the zero lag is from harry?
thanks

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal
Thanked by:
  #568 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Market Wizard
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818


alejo View Post
thanks, i am using the or in nT, and i am watching them and testing different things to see if it make sense to me, for example, 2,15,60, but i did not realized that yours was45min.
when you say for cl, does mean that each product use different OR?, in that case what do you use for nq?and tf?

the zero lag is from harry?
thanks



For TF, NQ, ES, i use 20 minutes OR, starting at 9.30 am NY open. Harry does not have anything for ThinkorSwim. He only writes for Ninja. I am sure he has one for ninja. It's a pretty simple code.

Key point about OR is that narrow time frame OR like 5 minutes can have lot of noise. Traders with quick hands use narrow OR. I use 20 minutes OR for things to settle down. It's a trade off. A trader using wide OR can miss lot of moves and has to wait patiently for a pullback. Once you get settled upon an OR- do not mix different OR.



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.
Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #569 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Market Wizard
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818

Why i keep shorting PL, PA etc. No longs. Any bounces have been shortable for weeks and months.



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.
Attached Thumbnails
Click image for larger version

Name:	2014-09-27_0909_PL.png
Views:	185
Size:	106.2 KB
ID:	158659   Click image for larger version

Name:	2014-09-27_1352_pl.png
Views:	154
Size:	135.5 KB
ID:	158660  
Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #570 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Market Wizard
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818


Shorts positions across the board.

1) CL around 93.40 area.

2) NG 4.05 area

3) GC around 1222 area.

4) TF around 1106 area. Plan to add to shorts if weamness continues during NY open. Have to wait for OR and internals to give clues for trade location.


They all have one thing in common except NG. They are in a bearish trend on any time frame.



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.
Visit my NexusFi Trade Journal Started this thread

Closed Thread



Last Updated on November 27, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts