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^TICK and Talk
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Created: by Zxeses Attachments:4

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^TICK and Talk

  #11 (permalink)
One day...
SF, CA/USA
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Stage 5 Trading/Gain
Favorite Futures: CL, NQ, ES, EUR
 
jackbravo's Avatar
 
Posts: 1,074 since Jun 2014
Thanks: 2,598 given, 1,729 received
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In to follow. Sounds like we might have a similar trading style, other than mine is not profitable of course. I've been wanting to get that proam indicator, but haven't yet. What do you think of it? I downloaded the volume indicator but don't find it that helpful.

Looking at the retracements, I've also found 5pts to be ideal for a stop loss. However, I can't make myself wait that much, and I'm usually out at 2.5pts, to my chagrin.

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  #12 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,632 since Jan 2013
Thanks: 26,732 given, 11,106 received
Forum Reputation: Legendary

Interesting journal. I came in originally because I was intrigued about the "^TICK" part of the name.... Stayed because of the charts (and the "Talk" part.)

(Also the free beer offer in the first post....)

I'll be following along. Lots of luck with this.

Bob.

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  #13 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received


Thanks Bob, as I get further along in this, I will start explaining how I'm using the ^TICK chart on the YM contract and will include some screenshots of how I have the chart setup and how it affected some of the trades.

Best time of the year to come to northern california is in the March-May time frame, everything is green, fresh and alive. I can pick people up from any of the 3 major airports, SFO, Oakland or Sacramento, however I would prefer Oakland since its easier to get to traffic wise.

We have some of the best micro-breweries in the world here, including a local pubs that serve nothing but the micro's. I think you'll really enjoy it.

-Dave

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  #14 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received

Friday, October 3rd

One more recommendation from my friends that I found worked out great:

UniRenko 6 18 9 gives a very nice "monthly/Weekly" long term chart, giving you the bigger time frame but still all the benefits of the UniRenko chart.

Jumped into YM right after open at 6:34 and sat through the 10 ticks of heat, but it quickly recovered in about 30 seconds. Now, for the life of me, I have NO idea why I sold it for only 4 ticks. I checked my 5 second chart, when I sold it there was no heat on that cover price until about a half minute later, and even then the heat lasted for only 15 seconds. Checking back on my signal chart, I was still in the trend, no counter signals to cover, so I just dunno, chalking it up to an emotional reaction since clearly there was no logical reason.

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Second trade was me moving my stop up to cover, it was like a manual break even. A really stupid one that cost me what would have been a minimum 70 point trade (using my 21 tick trailing stop)

My third trade was my only real well planned out trade and proper response of the day. shorted at 16868, left my stop alone and waited for the pullback to end. Went into some sideways chop and got the feeling (yeah, I know) that the trend was ending and covered. Turns out I was right :-)

The fourth trade would have made me 10 points of profit, except I was worried the end of the wave cycle was coming so I set my stop to 11... to which, I was stopped out and watched it make that 10 points I was after.. and of course the PB (Pullback) signal started 4 bars early, plenty of warning, I might even have nailed it for 15, but no, paranoid me got stopped out instead by not leaving my 21 stop in place.

Last trade was more of the same, break even protection stop.

Clearly I've done worse today, not from a win/loss ratio, sure I made more then I lost, but I really dont consider money winning... I consider getting my emotions under control and winning the logic test. When I start really winning where it matters, then I'll feel a bit more satisfied that I've won.

Trades: 5
Wins: 4
Loss: 1
Ticks: 14 - 9 = 5
Ticks * Contracts: 28 - 18 = 10


I should add that I was up and out of bed since midnight, trading very tired. I quit trading YM and figured I'd try some other markets. I did so poorly in them that I came up with a new rule:

- No jumping to multiple markets until you've MASTERED one.
- No trading a new market until I've completly tested myself on Sim in that market first.

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  #15 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received

Where have I been?

Well Monday and Tuesday I was sick with a pretty bad bowl infection, just recovering today. Did some Sim trading and editing my Ninjatrader Strategy today. I am hoping for a win in the November bot contest :-)

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  #16 (permalink)
Elite Member
San Diego
 
Futures Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker/Data: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Favorite Futures: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 990 since May 2011
Thanks: 1,536 given, 431 received


Zxeses View Post
Where have I been?

Well Monday and Tuesday I was sick with a pretty bad bowl infection, just recovering today. Did some Sim trading and editing my Ninjatrader Strategy today. I am hoping for a win in the November bot contest :-)

Hope you feel better this coming week.
Trading sick is no fun.

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  #17 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received


bd92154 View Post
Hope you feel better this coming week.
Trading sick is no fun.

Thank you!

I was about to go live again on Friday after some awesome sim trading on thursday, but I woke up really tired, remembering my mistake of trading while feeling bad the last time, i pulled and sim traded Friday as well. Good choice as my first ten trades had nine losers.

I pulled myself together by 9 am, lots of water, b vitamins, reviewed my trade rules and then jumped back into sim and scored a 20 tick run in the russell, the rest of the day went awesome, i had even cleared my morning losses and met my goal.

also on friday I discovered the awesomeness of the default DM indicator using SveRenko 12 or 14 tick charts, but more on that coming....

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  #18 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received

btw, I've not abandoned my journal, I'm waiting on further posts until I go back to live trading. Todays SIM trading proved to me I am learning about reversal points and market mood, I'm still making mistakes with timing, I won't risk another dime until feeling the market is starting to become second nature.

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  #19 (permalink)
Banned: trolling
Russia,Khabarovsk
 
Futures Experience: Beginner
Platform: NT
Favorite Futures: Gold
 
Cachevary's Avatar
 
Posts: 407 since Feb 2014
Thanks: 138 given, 78 received

Those Renko bars will rip you apart.Forget about them.

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  #20 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received



Cachevary View Post
Those Renko bars will rip you apart.Forget about them.

Yeah, I learned that lession the hard way back on October 3rd, my last day of trading live. Got my ass kicked.

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