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Tap In's Corner
Started:November 23rd, 2014 (09:08 PM) by Tap In Views / Replies:34,313 / 839
Last Reply:October 13th, 2016 (09:57 AM) Attachments:1,597

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Tap In's Corner

Old September 11th, 2015, 12:18 PM   #371 (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
 
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Posts: 910 since Feb 2013
Thanks: 2,063 given, 1,849 received

NG has moved but did not see a set up that I had trust in. Looking for a reaction off the top.

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Old September 11th, 2015, 12:22 PM   #372 (permalink)
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Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
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Posts: 910 since Feb 2013
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Gold has had some movement but no decent set ups. Really looking for a break to upside off the swing low. If I see energy in that direction I might consider a trade. No energy, no trade

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Old September 11th, 2015, 12:36 PM   #373 (permalink)
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Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
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Posts: 910 since Feb 2013
Thanks: 2,063 given, 1,849 received


CL showing signs of a trend change even though it never hit the LVN or pivot. On alert

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Update:


Energy coming in. Wait...

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Old September 11th, 2015, 12:46 PM   #374 (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
 
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Posts: 910 since Feb 2013
Thanks: 2,063 given, 1,849 received

Moment of truth...

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Update:

No trade triggered. reset trend line.

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Last edited by Tap In; September 11th, 2015 at 12:52 PM.
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Old September 11th, 2015, 01:00 PM   #375 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
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Futures Edge on FIO
Long in sim at 45.05 but the trade is not showing promise. having trouble following through...

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Update:

Out full stop. They must have been reading my commentary! Premise still alive but getting more skeptical. Could just be a false up move and reversal to the down side.

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Old September 11th, 2015, 01:32 PM   #376 (permalink)
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Sim again. After difficulty going up, tried a short. Got greedy looking for 2R. Made it to 1R and reversed. Crap day

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Old September 11th, 2015, 01:37 PM   #377 (permalink)
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YM update. There was a break of the congestion and some movement, but not the style I like. Put it in the memory bank for next time.

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Old September 11th, 2015, 02:06 PM   #378 (permalink)
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Markets woke up for a second. Took 3 quick sim trades of various quality. One got to target, two still working...
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Update:

CL: +15t, risky but good momentum. Worked this time
GC: -15t, good trade, didn't work. No follow through today
YM: -30t, marginal trade. Trend too mature.


Last edited by Tap In; September 11th, 2015 at 02:42 PM.
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Old September 11th, 2015, 03:43 PM   #379 (permalink)
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Futures Experience: Intermediate
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Posts: 910 since Feb 2013
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9/11/15 Friday

9/11/15 Friday
Live Trades: 0
Day’s P/L: $0

No live trades today. It was not a promising day from the get go. Markets were choppy and energy was low. The news at 5:30 and 7:00 did very little to awaken the markets. Sure, there were a few moves, but they were few and far between, requiring a more skilled trader than I.

Rather than waste the day, I decided to continue the experiment of posting commentary in real time. I must admit it was kind of fun, and also made for greater focus on the process. On the downside it was a bit cumbersome, with the screen shots, the attachments, the writing, the updates etc. It also overloads the main journal. A secondary journal may be required to continue the experiment.

A bunch of sim trades were taken, some of which were discussed earlier. Most of the trades taken later were boredom trades, though they met most criteria. Suffice it to say, not many worked out well. However, of note, all effort was not wasted as I realized the potential had these trades been taken in the opposite direction. With failures abounding, a strategy that traded the opposite of my strategy might yield some very nice results on a day like today. Something to think about.

No charts today, the significant trades were posted already.


Last edited by Tap In; September 12th, 2015 at 01:59 PM.
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Old September 13th, 2015, 04:27 PM   #380 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
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Posts: 910 since Feb 2013
Thanks: 2,063 given, 1,849 received

Weekly Summary 9/8/15 to 9/11/15


Weekly Summary 9/8/15 to 9/11/15
Live Trades: 2 trades, 1 win, 1 loss
Week’s P/L: $31.38

Starting balance for the week: $3417.22
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3448.60

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: $448.60

Not a very exciting week. Only two trades, with a slight account gain. Action was spotty with very little in the way of strong news to wake the markets. I experimented with a few things. One was trading more in sim to get a better gauge, and have an official record of, the potential of my method. This will take getting used to as switching back and forth between sim and live can be cumbersome. In addition, it is easy to default to sim at decision time to avoid real risk. I think the benefits outweigh these issues because it feels more like trading than just putting in markers. The button has to be pushed, and some level of responsibility taken, as there is now a permanent record of performance in the trading platform. To make sim trading effective however, it has to be treated seriously. There were a few too many “boredom” trades. Though in real dollar terms they don’t mean anything, on some psychological level they have an effect.

The second experiment involved real time commentary and market analysis. While also cumbersome, there is merit because it forces a deeper clarification of thoughts before posting to the world. In the future it will be in a separate journal so that the main journal remains clutter-free. If the experiment produces positive results, there may come a day where each instrument has its own journal for further organizational benefits and participation.

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