Tap In's Corner (Page 37) - 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:34,282 / 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 September 9th, 2015, 06:56 PM   #361 (permalink)
Elite Member
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: 2,062 given, 1,849 received

I have been mulling the benefits of posting thoughts and trades in real time. This would provide a record of my thinking in the moment. I would do this with a thread for each instrument for ease of reference and to avoid muddling my main journal. The main journal would be used for summary purposes, as it is currently. If the experiment is too cumbersome, or not enjoyable, or doesn't yield any benefit it would be discontinued.

Reply With Quote
     

Old September 9th, 2015, 08:14 PM   #362 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker/Data: IB, IQFeed
Favorite Futures: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 446 received

In terms of marginal entry for your sim trades, how do you define marginal? Is it purely bad trade location or is it a case where it doesn't satisfy some of your pattern rules?

Sent from my SM-N9005 using Tapatalk

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

Old September 9th, 2015, 09:46 PM   #363 (permalink)
Elite Member
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: 2,062 given, 1,849 received



PeakGrowth View Post
In terms of marginal entry for your sim trades, how do you define marginal? Is it purely bad trade location or is it a case where it doesn't satisfy some of your pattern rules?

Sent from my SM-N9005 using Tapatalk

Usually the latter, sometimes the former. I rarely take impulsive trades that have little rhyme or reason anymore, not to say it never happens or will never happen again. This is an on going battle. In most cases, a marginal entry is where some part of my trade criteria has been satisfied but it is missing something: good context, energy in the market, poor timing, etc. Sometimes I will be correct about direction but enter when price is too extended and due for a pull back, because I don't want to miss out. Or I will enter too early anticipating a break. Marginal entries are usually obvious in review, not because they didn't work but because there was a distinct flaw. This is different from a good entry that didn't work, where even in hindsight it is clear that all the boxes were ticked off. I just chalk those up to trading not being a 100% game.

Some examples of marginal entries:
-direction not real clear. Usually trying to catch the 1st move out of an area.
-front running the trend line break
-its cousin, entering too late or at an area that is too extended for my stop. Wait for a pull back and resumption
-Trading into significant support or resistance.
-Taking a trade too late in a mature trend

I usually take marginal entries out of boredom (mostly in sim), or I am anxious to jump on board what I think could be a strong and long move. Most of the time it bites me in the ass. I am most vulnerable to a marginal entry when a lot of opportunity has gone by without taking advantage.

Reply With Quote
     
The following 3 users say Thank You to Tap In for this post:
     

Old September 10th, 2015, 12:08 PM   #364 (permalink)
Elite Member
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: 2,062 given, 1,849 received

Experimenting with commentary and screen shots in real time. Results so far:

Sim trade 1, ZN : -5t

Sim trade 2: CL: +1t

Sim trade 3: 6E: +12t

Sim trade 4: YM: +30t

Sim trade 5: ZN: 0t

Sim trade 6: CL +15t

Live trade 1: NG: +15t

Attached Thumbnails
Tap In's Corner-2015-09-10_t1_zn.png   Tap In's Corner-2015-09-10_t2_cl.png   Tap In's Corner-2015-09-10_t3_6e.png   Tap In's Corner-2015-09-10_t4_ym.png   Tap In's Corner-2015-09-10_t5_zn.png   Tap In's Corner-2015-09-10_t6_cl.png   Tap In's Corner-2015-09-10_live_t1_ng.png  
Reply With Quote
     

Old September 10th, 2015, 12:17 PM   #365 (permalink)
Elite Member
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: 2,062 given, 1,849 received

Futures Edge on FIO
Sim trade 7: NG. 0t.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     

Old September 10th, 2015, 02:11 PM   #366 (permalink)
Elite Member
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: 2,062 given, 1,849 received

Sim trade 8, ZN: 0t. Got to target but got greedy shooting for more than 1R.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     

Old September 10th, 2015, 06:25 PM   #367 (permalink)
Elite Member
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: 2,062 given, 1,849 received

9/10/15 Thursday

9/10/15 Thursday
Live Trades: 1 win
Day’s P/L: $145.40

One live trade today on NG. Long from the strong move after the inventory report. The trade took a while to take off so I am happy I stayed with it and decided to exit at 1R. Happy to get a win after some tough trading of late.

Sim trading results:
8 trades
4 wins
4 losses
Sim P/L: $350.15

Total of sim and live trading:
9 trades
5 wins
4 losses
Max DD: -81.13
Total P/L: $495.55

Another good day of patient trading. Missed a few good trades but not complaining. Experimented with taking some screen shots and posting during market hours. It will take some getting used. I need to work out how this real time posting of analysis and trades will help my trading. If it doesn’t help there is no point. Intuitively I feel like it will, if for nothing else but to make me think and justify what I am doing.

Attached Thumbnails
Tap In's Corner-2015-09-10_cl.png   Tap In's Corner-2015-09-10_gc.png   Tap In's Corner-2015-09-10_ng.png   Tap In's Corner-2015-09-10_ym.png   Tap In's Corner-2015-09-10_6e.png   Tap In's Corner-2015-09-10_zn.png  
Reply With Quote
     
The following 4 users say Thank You to Tap In for this post:
     

Old September 11th, 2015, 11:59 AM   #368 (permalink)
Elite Member
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: 2,062 given, 1,849 received

Bored out of my mind. Markets are listless, so here's some updates...

YM in a tight range. All trades in here are guesses. No point in trading until price moves outside the edges, with energy

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     

Old September 11th, 2015, 12:06 PM   #369 (permalink)
Elite Member
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: 2,062 given, 1,849 received

CL slowly making its way down on low energy. Not interested. It is nearing a low value area so I will be interested what happens there...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     

Old September 11th, 2015, 12:12 PM   #370 (permalink)
Elite Member
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: 2,062 given, 1,849 received


ZN has been tradable to some extent. Missed out on the best trade of the day. Now waiting for a possible break of demand line and short opps. Long is a bit mature at this point unless a larger clean-out pull back occurs.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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 08:09 AM.

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 2016-12-06 in 0.14 seconds with 20 queries on phoenix via your IP 54.161.157.73