Tap In's Corner (Page 22) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


Tap In's Corner
Started:November 23rd, 2014 (09:08 PM) by Tap In Views / Replies:34,194 / 839
Last Reply:October 13th, 2016 (09:57 AM) Attachments:1,597

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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, and we will never resell your private information.

-- Big Mike
     

Reply
 1,597  
 
Thread Tools Search this Thread

Tap In's Corner

Old April 28th, 2015, 07:50 PM   #211 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

4/28/15 Tuesday
Live Trades: 1
Day’s P/L: $85.40
Sim Trades: 0

One live trade:

Trade 1, GC: Total Reasonable Movement, -10t, +16t. Exited at +9t. Held for almost an hour. Thought it had a chance to resume the 7:00 news spike for good gains.

Marker performance was not very good. The markets were hard to read. 9 real time markers, plus the live trade. Results: 1 winner, 4 losers, 5 BE



Tap In View Post
The following are my daily objectives for the week of 4/27/15 to 5/1/15:

-Write out goals, objectives and affirmations prior to the market open
-Take a minimum of two live trades per day
-Identify trends early and make at least one attempt to jump on board
-Identify TL breakout failures
-Identify Opening Swing retests
-Identify significant CD events

Objectives recap:

-Write out goals, objectives and affirmations: accomplished
-Take minimum of 2 live trades. Only took 1 live trade. Now 3 behind weekly goal of 10.
-Jump on trends early: Failed to get on board ZN. Couldn’t find a reasonable entry on NQ.
-TL BO failures: stayed aware. Getting more automatic
-OS retests: identified a couple in real time. Getting more automatic
-CD events: identified a couple of events. Missed a couple. Still need to be more mindful

Attached Thumbnails
Tap In's Corner-2015-04-28_cl_summary.png   Tap In's Corner-2015-04-28_gc_summary.png   Tap In's Corner-2015-04-28_ng_summary.png   Tap In's Corner-2015-04-28_nq_summary.png   Tap In's Corner-2015-04-28_6e_summary.png   Tap In's Corner-2015-04-28_zn_summary.png  
Reply With Quote
     

Old April 28th, 2015, 08:20 PM   #212 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary


lovetotrade View Post
A recent order flow webinar I watched (Pete Davies trading with order flow I believe) mentioned that CD works best in very liquid markets such as ES, ZB, etc., and not so much in much less liquid instruments like CL, YM, NQ, etc. I was very convinced I saw something worthwhile in CD while trading the YM that I tried building a strategy around it! But through back testing, my eyes seem to have failed me as I could find no repeatable patterns to trade from reliably over time.

I will one day check out CD on the ES and do some back/forward testing, cause it seems absolutely wonderful for helping pick trade location. Hope you can find something I missed! Cheers!

Over the years I found CD to work beautifully on CL. That is where I first started using it. I am learning about its tendencies on the rest of the markets. I think there is promise

Having said that, I do not think I could ever devise a strategy around it. Context is king. It can be quite consistent in predicting little pauses in price, but if one tried to trade these pauses as reversals they could get run over often. I use it as a second level indicator in two ways. 1) As a "heads-up" tool. 2) As a confirming tool.

Heads-up tool:

If CD hits a major and significant swing it is a "heads-up" that I should be ready for price to pause or reverse. This happens frequently on oil just before or after the open. Often times price and CD are nowhere near the same relative swings so I don't think it is coincidence. CD will hit a swing from the previous day and price will reverse in a significant way. I will then look for set-ups that meet my criteria in that direction. If I am in a trade I will get ready to exit at the first sign of trouble.

Confirming tool:

If price is coming off of a significant support resistance level and CD is showing particular strength or weakness in the direction of price as it bases up, it is a clue that price will continue in the direction of the reversal. The next sign of buying or selling confirms that price is taking off. Extreme hidden divergences or divergences can be nice indicators of an event about to happen.

There are other subtleties but those are the basics of how I use it.

Reply With Quote
     

Old April 29th, 2015, 12:24 PM   #213 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
lovetotrade's Avatar
 
Posts: 283 since Oct 2014
Thanks: 729 given, 419 received



Quoting 
If CD hits a major and significant swing it is a "heads-up" that I should be ready for price to pause or reverse. This happens frequently on oil just before or after the open. Often times price and CD are nowhere near the same relative swings so I don't think it is coincidence. CD will hit a swing from the previous day and price will reverse in a significant way. I will then look for set-ups that meet my criteria in that direction. If I am in a trade I will get ready to exit at the first sign of trouble.



Quoting 
If price is coming off of a significant support resistance level and CD is showing particular strength or weakness in the direction of price as it bases up, it is a clue that price will continue in the direction of the reversal. The next sign of buying or selling confirms that price is taking off. Extreme hidden divergences or divergences can be nice indicators of an event about to happen.


Cool I can dig that. I never thought about the actual swings of CD, I will have to check that out. I do agree about the usefulness of confirmation, and at least knowing when market participants are on or off the boat. I am gonna dig a little deeper into using CD around the edges of value areas on the volume profile for pullbacks. These would definitely seem to go hand in hand, but I haven't really seen the idea presented anywhere. I hope I am onto something.

Reply With Quote
     
The following user says Thank You to lovetotrade for this post:
     

Old April 30th, 2015, 04:31 PM   #214 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

4/29/15 Wednesday

4/29/15 Wednesday
Live Trades: 1
Day’s P/L: $-18.27
Sim Trades: 0

One live trade was on M6E. I thought the contract was worth $6.25 per tick. Turns out it is only $1.25 per tick. so I didn’t lose as much as I thought.

It was a very good set up but the market decided to change trend on a dime and I got trapped.

Attached Thumbnails
Tap In's Corner-2015-04-29_cl_summary.png   Tap In's Corner-2015-04-29_gc_summary.png   Tap In's Corner-2015-04-29_ng_summary.png   Tap In's Corner-2015-04-29_nq_summary.png   Tap In's Corner-2015-04-29_6e_summary.png   Tap In's Corner-2015-04-30_zn_summary.png  
Reply With Quote
     

Old April 30th, 2015, 04:47 PM   #215 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

4/30/15 Thursday

Futures Edge on FIO
4/30/15 Thursday
Live Trades: 1
Day’s P/L: $8.40
Sim Trades: 0

1 live trade on QM. The trade worked well but I took myself out at +1 thinking I would get back in when it resumed. I did not.

Real time marker activity was good today. 5 winners, 2 loser, 1 BE

I need to consider getting up at 5:00 on unemployment days. There tends to be a lot of movement.



Tap In View Post
The following are my daily objectives for the week of 4/27/15 to 5/1/15:

-Write out goals, objectives and affirmations prior to the market open
-Take a minimum of two live trades per day
-Identify trends early and make at least one attempt to jump on board
-Identify TL breakout failures
-Identify Opening Swing retests
-Identify significant CD events

Objectives recap:
-Wrote goals and affirmations
-Only took 1 trade. That’s 3 for the week, 5 behind my goal. Plenty of opportunities though
-Did not manage to get on board any trends. Had chance in GC and NG. Chickened out
-Watch for TL BO failures. Yes
-Watch for OS retests. Yes

Attached Thumbnails
Tap In's Corner-2015-04-30_cl_summary.png   Tap In's Corner-2015-04-30_gc_summary.png   Tap In's Corner-2015-04-30_ng_summary.png   Tap In's Corner-2015-04-30_nq_summary_001.png   Tap In's Corner-2015-04-30_6e_summary.png   Tap In's Corner-2015-04-30_zn_summary_001.png  
Reply With Quote
     

Old May 1st, 2015, 04:38 PM   #216 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

5/1/15 Friday
Live Trades: 3 losers
Day’s P/L: -$33.10
Sim Trades: 0

Three trades today. Two were on micro GC just as an experiment so no details worth speaking. Volume way too low on MGC. Too much slippage. It’s only good if expected move is large.

Trade 1: 6E. Total Reasonable Movement -1, +16. Thought it had potential so I let it ride. Had as much as 16t in the trade but it came back to entry. Exit BE. This is the delicate balance between leaving trades on and taking profits. I had a chance to get out at +5t when it was showing signs of weakness, but I let it take me out.

Marker activity was good: 3 winners, 2 losers, 4 BE


Tap In View Post
The following are my daily objectives for the week of 4/27/15 to 5/1/15:

-Write out goals, objectives and affirmations prior to the market open
-Take a minimum of two live trades per day
-Identify trends early and make at least one attempt to jump on board
-Identify TL breakout failures
-Identify Opening Swing retests
-Identify significant CD events

Objectives Recap:
-Wrote out goals and affirmations.
-Took 3 trades
-Was not able to identify an early trend.
-Paying attention to TL BO failures
-Paying attention to OS retests
-Paying attention to CD events

Attached Thumbnails
Tap In's Corner-2015-05-01_cl_summary.png   Tap In's Corner-2015-05-01_gc_summary.png   Tap In's Corner-2015-05-01_ng_summary.png   Tap In's Corner-2015-05-01_nq_summary.png   Tap In's Corner-2015-05-01_6e_summary.png   Tap In's Corner-2015-05-01_zn_summary.png  

Last edited by Tap In; May 2nd, 2015 at 01:08 PM.
Reply With Quote
     

Old May 3rd, 2015, 10:13 PM   #217 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

Monthly Recap April 2015

Monthly Recap April 2015
Live Trades: 17: 4 winners, 13 losers

Starting balance for the Month: $2941.94
Withdrawals for the month: $0
Deposits for the month: $0
Month’s P/L: -$166.14
Ending balance for the month: $2775.80

Beginning account balance from first live trade on 3/10/15: $3000.00
Total Withdrawals: $0
Total Deposits: $0
Total Gains/losses from 3/10/15: -$224.20

Of the 17 trades:

76% reached .67R before -1R, same as last month
76% reached 1R before -1R, improvement over last month (50%)
71% reached 1.33R before -1R, improvement over last month (50%)
65% reached 1.5R before -1R, new category this month
65% reached 2R before -1R, significant improvement over last month (12.5%)
41% reached 2.5R before -1R, new
24% reached 3R before -1R, new

Average winning trade was 1.68 X average losing trade.

According to the above stats I should have made good money in April. Still wrestling with confidence in my set ups, both in entering and in staying with the trades, but it is getting better.

Main focus for the next month will be increasing my trade count.

Attached Thumbnails
Tap In's Corner-2015-05-03_april_monthly_stats.png   Tap In's Corner-2015-05-03_april_month_account_summary.png  
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 3rd, 2015, 10:14 PM   #218 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

Weekly Summary 4/27/15 to 5/1/15

Weekly Summary 4/27/15 to 5/1/15
Live Trades: 6, 2 winners, 4 losers
Week’s P/L: $42.43

Starting balance for the week: $2700.27
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $2742.70

Beginning account balance from first live trade on 3/10/15: $3000.00
Total Withdrawals: $0
Total Deposits: $0
Total Gains/losses from 3/10/15: -$257.30

Took 6 trades, 4 shy of goal of 10 trades. Did some nice work on recognizing TL BO failures, OS retests, and CD events. The real time marker journaling with reasons why I skipped each trade, along with how the trade played out is helpful for building confidence. The results were 48 trade areas, with 15 2R winners, 18 1R losers, and 15 break even. This is showing me that I am recognizing good areas and if I were to take them all I would come out profitable. Next week I will include Total Reasonable Movement (TRM) in each of the marked areas.

Attached Thumbnails
Tap In's Corner-2015-05-03_weekly_stats.png   Tap In's Corner-2015-05-03_weekly_statement.png  

Last edited by Tap In; May 3rd, 2015 at 10:21 PM.
Reply With Quote
     

Old May 4th, 2015, 04:25 PM   #219 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

Objectives for the week of 5/4/15 to 5/8/15

Objectives for the week of 5/4/15 to 5/8/15

-Write out goals and affirmations before market open
-Take minimum two live trades per day
-Be mindful of TL breakout failures
-Be mindful of Opening Swing retests
-Be mindful of significant CD events
-Journal real time marker placement and why I passed on the trade. Track Total Reasonable Movement (TRM) of price from each marker.

Reply With Quote
     

Old May 4th, 2015, 04:28 PM   #220 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,846 received
Forum Reputation: Legendary

5/4/15 Monday


5/4/15 Monday
Live Trades: 0
Day’s P/L: 0
Sim Trades: 0

No trades. Markets were very slow and there were few good looking areas.

Real time marker activity was good: 2 winners, 2 losers, 2 BE. Would have been a winning day if all trades taken.

Objectives recap:

-Write out goals and affirmations before market open: Done
-Take minimum two live trades per day: no trades. No good looking areas. Almost took a ZN trade that was a loser. It was late in day so good thing I didn’t.
-Be mindful of TL breakout failures. Not much activity here
-Be mindful of Opening Swing retests. Identified one on NQ
-Be mindful of significant CD events. Nothing significant
-Journal real time marker placement and why I passed on the trade. Track Total Reasonable Movement (TRM) of price from each marker: placed 6 markers and journaled why I passed. Tracked TRM from each marker. Four of the marked areas got to +1R and two went -1R.

Attached Thumbnails
Tap In's Corner-2015-05-04_cl_summary.png   Tap In's Corner-2015-05-04_gc_summary.png   Tap In's Corner-2015-05-04_ng_summary.png   Tap In's Corner-2015-05-04_nq_summary.png   Tap In's Corner-2015-05-04_6e_summary.png   Tap In's Corner-2015-05-04_zn_summary.png  
Reply With Quote
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > Tap In's Corner

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
.....Germany says further steps needed before banks tap ESM kbit News and Current Events 0 September 15th, 2012 04:14 PM
Are US Jobs Recovering? 'We Turned the Corner Months Ago' Quick Summary News and Current Events 0 December 22nd, 2011 02:50 PM
Did Markets Know Obama Would Tap Oil Reserve? Quick Summary News and Current Events 1 July 6th, 2011 08:20 PM
Oil Will Steer Stocks, but Jobs Report and Bernanke on Tap Quick Summary News and Current Events 0 February 26th, 2011 01:20 AM
Mortgage Delinquencies Are Starting to Turn the Corner Quick Summary News and Current Events 0 February 17th, 2011 08:50 PM


All times are GMT -4. The time now is 07:51 PM.

Copyright © 2016 by 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

Page generated 2016-12-03 in 0.16 seconds with 20 queries on phoenix via your IP 54.163.142.67