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Tap In's Corner
Started:November 23rd, 2014 (09:08 PM) by Tap In Views / Replies:34,155 / 839
Last Reply:October 13th, 2016 (09:57 AM) Attachments:1,597

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Tap In's Corner

Old August 27th, 2015, 05:13 PM   #341 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary

8/27/15 Thursday

8/27/15 Thursday
Live Trades: 1 win
Dayís P/L: $220.98

Managing to pick up some small nuggets as the gold rush continues. One trade today on YM good for 45 ticks. The more I can matriculate the account away from initial investment the more easily I should be able to pull the trigger. At least, thatís what Iím telling myself!

Lots of good opportunities today that were identified in real time as marked by the dots. I believe the day would have been nicely green had I taken them all. The volatility is definitely helping as price doesnít tend to stick around long, and momentum carries it quite far. Hopefully this action will continue for a while without doing too much damage to the markets.

Attached Thumbnails
Tap In's Corner-2015-08-27_cl.png   Tap In's Corner-2015-08-27_gc.png   Tap In's Corner-2015-08-ng.png   Tap In's Corner-2015-08-27_ym.png   Tap In's Corner-2015-08-27_m6e.png   Tap In's Corner-2015-08-27_zn.png  
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Old August 28th, 2015, 12:28 AM   #342 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,321 received


Tap In View Post
8/27/15 Thursday
Live Trades: 1 win
Dayís P/L: $220.98

Managing to pick up some small nuggets as the gold rush continues. One trade today on YM good for 45 ticks. The more I can matriculate the account away from initial investment the more easily I should be able to pull the trigger. At least, thatís what Iím telling myself!

Lots of good opportunities today that were identified in real time as marked by the dots. I believe the day would have been nicely green had I taken them all. The volatility is definitely helping as price doesnít tend to stick around long, and momentum carries it quite far. Hopefully this action will continue for a while without doing too much damage to the markets.

It's great seeing you make progress.

Failure is not an option
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Old August 28th, 2015, 01:24 AM   #343 (permalink)
Trading Apprentice
Vancouver, BC
 
Futures Experience: Beginner
Platform: Other
Favorite Futures: MJY, M6A, M6E, M6G, N225M, MCD
 
Posts: 20 since Sep 2014
Thanks: 0 given, 16 received


Great job! I've been following your journal. Congratulations on sticking with it and continuing to post. Love it.

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Old August 28th, 2015, 04:57 PM   #344 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary

8/28/15 Friday

8/28/15 Friday
Live Trades: 2, 2 wins
Dayís P/L: $165.87

Two trades on ZN today. It is continuing to be my most reliable and comfortable instrument to trade.

Markets much quieter today except for CL. Once again missed a great move on CL. Initially, I couldnít find a confident entry, then as the trend matured I became more reluctant to give it a go as pull backs got deep and it looked to be turning. One thing to remember is that on strong trend days, deep pull backs are to be expected. Donít give up looking for opportunities in the direction of trend just because of a deep pull back. At the time it looks like the trend is reversing, and sometimes it does. But, often resumption from a deep pull back comes in the form of a series of higher lows, with progressively smaller pull backs before a new strong break. Pay attention to these before giving up entirely on the move.

I was hoping for a late big move in YM to cap off a nice week. Upon opening the platform I quickly decided there would be no trading until price made a strong move out of what looked like a long, slow correction, preferably to the down side. It never happened so no trades. I canít help but think the gold rush will resume sometime next week. Be ready.

Attached Thumbnails
Tap In's Corner-2015-08-28_cl.png   Tap In's Corner-2015-08-28_gc.png   Tap In's Corner-2015-08-28_ng.png   Tap In's Corner-2015-08-28_ym.png   Tap In's Corner-2015-08-28_m6e.png   Tap In's Corner-2015-08-28_zn.png  
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Old August 28th, 2015, 05:05 PM   #345 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
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Posts: 2,907 since Dec 2012
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iron clad

Futures Edge on FIO

Are you a NinjaTrader user?

 
Methinks the 5-iron's working well and the putts are starting to go in, good week!

Travel Well
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Old August 29th, 2015, 02:26 PM   #346 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary


ratfink View Post
Methinks the 5-iron's working well and the putts are starting to go in, good week!

I was hittin' 'em where I was lookin' this week!

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Old August 31st, 2015, 02:15 PM   #347 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary

Weekly Summary 8/24/15 to 8/28/15

Weekly Summary 8/24/15 to 8/28/15
Live Trades: 14, 7 wins, 7 losses
Weekís P/L: $563.12

Starting balance for the week: $2900.91
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3464.03

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: $464.03

Best week since going live. Volatility was high so there were a lot of opportunities. Marked many areas live, and for the most part the choices were sound. Still struggling with hesitation and doubt but it is getting better. I felt like there was a ton of money left on the table because of it. Just need to keep plugging away and not get too frisky trying to chase big dollars. Slowly build the account cushion and confidence. More decisive trading will result.

One technical note, when an instrument is trending strong like CL has been lately, donít give up on it just because of a deep pull back. These deep PBs are often opportunities to jump back on board another large move. Look for a series of higher lows in an uptrend to signal resumption. Opposite in a downtrend.

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Tap In's Corner-2015-08-29_account.png   Tap In's Corner-2015-08-31_stats.png  
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Old August 31st, 2015, 05:08 PM   #348 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,321 received


Tap In View Post
Weekly Summary 8/24/15 to 8/28/15
Live Trades: 14, 7 wins, 7 losses
Weekís P/L: $563.12

Starting balance for the week: $2900.91
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3464.03

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: $464.03

Best week since going live. Volatility was high so there were a lot of opportunities. Marked many areas live, and for the most part the choices were sound. Still struggling with hesitation and doubt but it is getting better. I felt like there was a ton of money left on the table because of it. Just need to keep plugging away and not get too frisky trying to chase big dollars. Slowly build the account cushion and confidence. More decisive trading will result.

One technical note, when an instrument is trending strong like CL has been lately, donít give up on it just because of a deep pull back. These deep PBs are often opportunities to jump back on board another large move. Look for a series of higher lows in an uptrend to signal resumption. Opposite in a downtrend.

Great job. And yes, the volatility does present a lot of opportunities..but you have to still take them....and you did. You are definitely improving. Now the trick will be how to use different strategies on choppier days or weaker days. On those days, I do more waiting and play more reversals at the edges of ranges or failures at support/resistance.

Failure is not an option
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Old August 31st, 2015, 08:52 PM   #349 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary

8/31/15 Monday

8/31/15 Monday
Live Trades: 2, 1 win, 1 loss
Dayís P/L: $161.38

Two trades, one on YM and one on CL. Missed the most part of another epic day on CL. Canít seem to get myself to trust the set ups there. Someday it will happen and things will open up. I did manage the one trade there after a deeper pullback and higher lows, as referenced in the weekly summary. The other instruments were a little slower. I now have about 4 full stop outs to play with as a cushion and still remain in the money. Intermediate goal is 10 full stop outs cushion ($1500). Admittedly itís a sick way of looking at it, but it works for me.

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Tap In's Corner-2015-08-31_cl.png   Tap In's Corner-2015-08-31_gc.png   Tap In's Corner-2015-08-31_ng.png   Tap In's Corner-2015-08-31_ym.png   Tap In's Corner-2015-08-31_6e.png   Tap In's Corner-2015-08-31_zn.png  
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Old August 31st, 2015, 09:05 PM   #350 (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: 909 since Feb 2013
Thanks: 2,060 given, 1,845 received
Forum Reputation: Legendary



lancelottrader View Post
Great job. And yes, the volatility does present a lot of opportunities..but you have to still take them....and you did. You are definitely improving. Now the trick will be how to use different strategies on choppier days or weaker days. On those days, I do more waiting and play more reversals at the edges of ranges or failures at support/resistance.

Yes, I am still not comfortable with ranges unless they are large enough to play with my current strategies.

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