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Tap In's Corner
Started:November 23rd, 2014 (09:08 PM) by Tap In Views / Replies:34,205 / 839
Last Reply:October 13th, 2016 (09:57 AM) Attachments:1,597

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Tap In's Corner

Old October 9th, 2015, 01:05 AM   #401 (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, 1,847 received
Forum Reputation: Legendary

10/8/15 Thursday

10/8/15 Thursday
Live Trades: 0
Day’s P/L: 0

No live trades. Two sim trades, one +2R win, one -1R loss. +$190

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Tap In's Corner-2015-10-08_cl.png   Tap In's Corner-2015-10-08_ng.png  
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Old October 9th, 2015, 04:55 PM   #402 (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, 1,847 received
Forum Reputation: Legendary

10/9/15 Friday

10/9/15 Friday
Live Trades: 1 loss
Day’s P/L: -$81.13

One trade on ZN for a loss. The usually reliable ZN has been unreliable lately. Or, I am reading it differently.

Continued sim trading. 8 sim trades across 5 instruments.

Results of live plus sim trades:

9 trades
5 got to +1R
2 got to +2R, if moved to BE after +1R
Same 2 got to +2R, set it and forget it style.

Attached Thumbnails
Tap In's Corner-2015-10-09_cl.png   Tap In's Corner-2015-10-09_gc.png   Tap In's Corner-2015-10-09_ng.png   Tap In's Corner-2015-10-09_ym.png   Tap In's Corner-2015-10-09_6e.png   Tap In's Corner-2015-10-09_zn.png  
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Old October 12th, 2015, 08:58 AM   #403 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra xtrader Qtrader
Broker/Data: Amp and Optimus TT and CQG
Favorite Futures: ZS CL NQ NG
 
Posts: 261 since May 2013
Thanks: 182 given, 83 received

Kudos on your journal


How have things been progressing this year? Wondering if you have only 2 screens how u identify which market to trade or you think will move? I watch 6E, CL, ZN and even with 3 monitors am finding it tough to see which one is cleanest

also am using bollinger squeeze.. and Sierra on volume charts. I see you are using Cumulative delta

hope to hear from u and good luck

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Old October 13th, 2015, 12:40 AM   #404 (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, 1,847 received
Forum Reputation: Legendary


jokertrader View Post
How have things been progressing this year? Wondering if you have only 2 screens how u identify which market to trade or you think will move? I watch 6E, CL, ZN and even with 3 monitors am finding it tough to see which one is cleanest

also am using bollinger squeeze.. and Sierra on volume charts. I see you are using Cumulative delta

hope to hear from u and good luck

I have three charts with 2 instruments each. I watching slow charts to alert possible trade opportunities, then faster charts to execute the trades.

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Old October 13th, 2015, 01:16 AM   #405 (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, 1,847 received
Forum Reputation: Legendary

Futures Edge on FIO

Are you a NinjaTrader user?

 
Weekly Summary 10/5/15 to 10/9/15
Live Trades: 2 losses
Week’s P/L: -$162.25

Starting balance for the week: $3448.54
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3286.29

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: $286.29

Two trades, both on ZN. Having trouble reading ZN lately. Continuing to work on things in sim. Traded less this week, mostly due to the ineffectiveness of my trading as of late.

Took the weekend to review some charts in an effort to pin down what can be done to recognize better trades. I think it's a case of being distracted by the trees and not paying enough attention to the forest. I continually need to be reminded to use the larger, slower charts to reveal changes in sentiment, then the smaller charts to execute. Consistency in this area might offer a fighting chance of picking a higher percentage of quality trades. On CL for example the 2400 tick chart is used for context, the 800 tick chart for the set up, and the 233 tick chart for low risk trade execution. I think adherence to this top down strategy will keep things in better perspective. The trick is to realize there might only be 1 or 2 good opportunities per instrument each day. I suspect I have been trying to squeeze too much out of too little. The other trick is to actually take the trade when these one or two opps present themselves. The weekend review revealed that I only take around 25% of legit opportunities.

So, for the near future I will spend most of my time on the larger charts, dropping down only when an opportunity sets up. On the daily recaps I will show the larger charts with dots signifying legitimate trades areas recognized in real time, and comparing these dots to the platform trade markers to see 1) if my trades were in good locations, and 2) at a glance how many legit set ups were actually taken.

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Tap In's Corner-2015-10-10_weekly_account.png   Tap In's Corner-2015-10-12_weekly_stats.png  
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Old October 13th, 2015, 01:40 AM   #406 (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, 1,847 received
Forum Reputation: Legendary

10/12/15 Monday

10/12/15 Monday
Live Trades: 0
Day’s P/L: 0

Very slow day in everything but oil, where I took a couple trades but really missed some other good opps.

Focused on top down trading. Big picture charts posted today with dots signifying what I thought were legit opportunities. Chart markers reveal how many of those were taken. There were only seven decent opportunities that I saw today and I took two of them in sim. Also took one trade that was in no man’s land.

Sim results:
3 trades
2 2R winners
1 loser.

Attached Thumbnails
Tap In's Corner-2015-10-12_cl.png   Tap In's Corner-2015-10-12_gc.png   Tap In's Corner-2015-10-12_ng.png   Tap In's Corner-2015-10-12_ym.png   Tap In's Corner-2015-10-12_6e.png   Tap In's Corner-2015-10-12_zn.png  
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Old October 13th, 2015, 08:18 AM   #407 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra xtrader Qtrader
Broker/Data: Amp and Optimus TT and CQG
Favorite Futures: ZS CL NQ NG
 
Posts: 261 since May 2013
Thanks: 182 given, 83 received

10/13 Tue morning at 7:15 am EST

Please see my chart. I use a 1000 volume chart with MACD and Bollinger Squeeze 2 in Sierra and the ADX for strength of direction.
I have 9 MA (yellow line)
Volatility Trend indicator (this is the line that goes from green to red) and shows change of direction.
Same Vol trend indicator in pink from a smaller volume chart (a 377 volume chart)

Ao price crosses pink line (vol trend indicator) from 377 volume first at 5:05
then crosses the main vol trend indicator at 5:26 or so
MACD crossed down
Bollinger squeeze fired short

So take short

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Old October 14th, 2015, 12:44 AM   #408 (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, 1,847 received
Forum Reputation: Legendary

10/13/15 Tuesday

10/13/15 Tuesday
Live Trades: 0
Day’s P/L: 0

Did a nice job of top down trading today in sim. No stupid trades taken. Missed a few due to being gone from the office a good part of the day.

Results of trades:
16 opportunities
6 trades taken (38%)
3 got to 1R
2 got to 2R
No stupid trades

Attached Thumbnails
Tap In's Corner-2015-10-13_cl.png   Tap In's Corner-2015-10-13_gc.png   Tap In's Corner-2015-10-13_ng.png   Tap In's Corner-2015-10-13_ym.png   Tap In's Corner-2015-10-13_6e.png   Tap In's Corner-2015-10-13_zn.png  
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Old October 14th, 2015, 12:46 AM   #409 (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, 1,847 received
Forum Reputation: Legendary


jokertrader View Post
Please see my chart. I use a 1000 volume chart with MACD and Bollinger Squeeze 2 in Sierra and the ADX for strength of direction.
I have 9 MA (yellow line)
Volatility Trend indicator (this is the line that goes from green to red) and shows change of direction.
Same Vol trend indicator in pink from a smaller volume chart (a 377 volume chart)

Ao price crosses pink line (vol trend indicator) from 377 volume first at 5:05
then crosses the main vol trend indicator at 5:26 or so
MACD crossed down
Bollinger squeeze fired short

So take short

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I am primarily a price action trader. You seem to be more of an indicator trader. Our styles don't really have much in common. You might want to start a journal to discuss your trading in more depth.

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Old October 15th, 2015, 01:02 PM   #410 (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, 1,847 received
Forum Reputation: Legendary

10/14/15 Wednesday


10/14/15 Wednesday
Live Trades: 1 loss
Day’s P/L: -$94.60

One live trade on CL for a loss. Sim trading was not good. Need adjustments of some sort. Just don’t know what yet.

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