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daddy's CL trading w. volume profile
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daddy's CL trading w. volume profile

  #91 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,544 received


daddy View Post
Nope, I didn't trade last week, I was pretty sick. Still not feeling good, but tomorrow I'll start again.
I don't have the nerve to trade on a 5 min chart, I tried before. I moved my stops too soon, or didn't move it when I should have, couldn't let the winners run, and so on. Made all the mistakes a trader could.
Now I prefer trades which I enter and exit within a couple of minutes, but I just reviewed last month's trading, and preparing for this one, with looser rules, I let myself enter on bigger timeframe as well.
We'll see.

Cool. Best thing to find the strategy which could be easly reviewed. In your case it is much harder, because you have to setup a lots of line, which never will be fullz objective

MŠtť
Full time traderLive journal here
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  #92 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

October review

P&L for the month: 1786.86, so couldnít reach the 3000 target.
I just asked myself the question, how could it be better, and I found out the followings:

My intention was trading with maximum 5 contracts, but I always traded with 5 contracts. The reason was I believed in the Ąmaths ruleĒ, that a trader should always risk the same amount of money, so one loser doesnít wipe out multiple wins.
Iím starting to believe I shouldnít follow this rule, because it doesnít take the probability in account.
The problem was I aimed with full 5 contracts to not-so-good setups, I didnít feel the ĄvibeĒ with these, but obeyed the maths rule.
This month Iíll try the following: basic amount is 2 contracts, and if my heart beats faster on a setup, Iíll go with 5.

The next problem the max daily loss. I probably could make it, if I didnít blow up several daysí gain in one single day, trying to Ąwin backĒ from the market. So from now on, the max daily loss is 300 USD, then I stop trading, no matter what. If I see that Iím approaching the loss limit, I will reduce size to even one contract, and if the calculated loss doesnít fit in the budget, I donít take it.

The third is the types of trades. I aimed for the same setup whole month: ideally streched up, with volume imbalance, decreasing delta. These kind of trades are rare, so most of the time I felt frustrated, I wanted to trade something.
From now on, I aim for:
- streched up, with volume imbalance, decreasing delta. 5 c stop, 10c or 20c target
- scalp around big lots on bid/ask side: 5c stop, 5c or 10c target
- breakouts/breakdowns: 5c trailig stop, 10c or 20c target
- longer timeframe trade, if the setup looks good. R/R: 1:2

I know, itís not objective at all, - reflecting to @matevisky ís latest post - itís not a trading system, so itís hard to review. But my problem with exact rules, and exact systems that I think they are rigid.
A setup meeting all the rules can be a loser, and trades out of every rule can be a winner Ė as I found out long time ago thereís no holy grail. Right, @matevisky?

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  #93 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

S/R zones for 2014.11.04


Bias: slightly bearish

At last! Yesterday, at the end of the day, the bears did a great job, which continued overnight as well. Overall, from 80 the price dropped to 75.84!
Iím still bearish, but this was a huge drop, so Iím gonna be cautious, watching the bulls. Today I think thereís gonna be a correction Ė or the free fall begins if the bears are still strongÖ

The zones for today:

85.65-85.9
84.3-85.15
83.57-83.7
82.9-83.06
82.1-82.51
81.7-81.85
80.9-81.35
80.45-80.65
79.9-80.18
78.23-78.41
77.36-77.61
76.95-77.03
76.58-76.8
76.27-76.4

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  #94 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

S/R zones review for 2014.11.04


daddy View Post
Bias: slightly bearish

At last! Yesterday, at the end of the day, the bears did a great job, which continued overnight as well. Overall, from 80 the price dropped to 75.84!
Iím still bearish, but this was a huge drop, so Iím gonna be cautious, watching the bulls. Today I think thereís gonna be a correction Ė or the free fall begins if the bears are still strongÖ

Instead correction or freefall, the end-ofĖthe-day candle was a directionless one: the bears won the first half of the day, then the bulls entered, and drove back the price to the open.
The price stayed within the last 4 zones all the day.

How the predefined zones played out:
(From now on, Iíll show this in 333tk, which I mainly use, instead of the 5-min chart.)

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  #95 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

Thank you for my readers

I'd like to thank all my readers who voted for my journal at the trading journal contest!
I'm a newcomer at futures.io (formerly BMT), and still, I got a good amount of votes. Next year I'm gonna win!

Thanks again!

daddy

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  #96 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

S/R zones for 2014.11.05

Bias: slightly bullish

Yesterday showed that the bears maybe ran out of steam, the bulls bushed back the price. The same scenario happened overnight.
Watching the daily chart, the correction I waited for yesterday, might happen today, if the bulls will like the 10.30 crude inventories report.

The zones for today:

83.57-83.7
82.9-83.06
82.1-82.51
81.7-81.85
80.9-81.35
80.45-80.65
79.9-80.18
78.23-78.41
77.47-77.6
77.12-77.37
76.51-76.83

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  #97 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

S/R zones for 2014.11.06

Bias: neutral

What yesterday the bulls achieved a small correction, but overnight the price came back to yesterdayís open.
Iím neutral today.

The zones for today:

84.3-85.15
83.57-83.7
82.9-83.06
82.1-82.55
80.9-81.4
80.45-80.65
79.84-80.20
78.72-78.92
78.21-78.6
77.71-77.98
77.1-77.26
76.5-76.91

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  #98 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

Trades for 2014.11.06

Greed and fear, the traderís company. For me, fear striked. I have no idea, whatís happened in my mind recently, but I had some kind of traderís block. Yesterday was full of possibilities, today the first two hours also, but I just couldnít pull the trigger.

However, I tried to do something about it, and very cautiously, I chose three trades today:

Trade 1:
Time: 10:22
Sell 2 @ 77.49
Buy 2 @ 77.52
P&L w. commissions: -69.24
After a strech, the price stopped above .50. I felt itís gonna break down Ė or maybe I just wanted to shake off the fear from my trigger finger Ė so I aimed for 10c with 5c stop. After a couple of ticks I saw itís jammed, so tried to scratch, but I had some slippage. Happens.

Trade 2:
Time: 10:49
Buy 2 @ 77.66
Sell 2 @ 77.76
P&L w. commissions: 190.76
Breakout trade. It was a strange one, since it wasnít on top or bottom of something, but I entered in the middle of the wave. I saw huge buy imbalances on the 333tk candle top. Target reached.

Trade 3:
Time: 12:18
Buy 2 @ 78.02
Sell 2 @ 78.11
P&L w. commissions: 170.76
Breakout trade. Pretty much the same scenario, like in trade 2, but the buy imbalance was exactly on 78.00. For this reason, I thought I should aim for 20c instead of 10c, but I heard an inner voice saying Ądonít be greedyĒ , so aimed for 10c. Glad I did, target reached.


P&L for the day: 292.28
P&L for the month: 292.28
P&L from 09.24: 2344.34

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  #99 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

Printcreens 2014.11.06 trades

.. forgot the printscreens, here they are.

Attached Thumbnails
daddy's CL trading w. volume profile-20141106_trade_1.jpg   daddy's CL trading w. volume profile-20141106_trade_2.jpg   daddy's CL trading w. volume profile-20141106_trade_3.jpg  
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  #100 (permalink)
Trading for Fun
Budapest+Hungary
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 151 since Aug 2014
Thanks: 139 given, 203 received

S/R zones review for 2014.11.06



daddy View Post
Bias: neutral

What yesterday the bulls achieved a small correction, but overnight the price came back to yesterdayís open.
Iím neutral today.

Now thatís what I call neutral, the crude nearly closed at the open.
Sideways all day between three zones.

How the predefined zones played out:
(The 333tk is too small, so back to the 5-min chart. )

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