Tap In's Corner (Page 55) - 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:34,432 / 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 May 9th, 2016, 10:07 AM   #541 (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: 2,063 given, 1,849 received

5/9/16 blueprint

Well, not much doubt we're going down. The only question is how to play it: information risk or price risk?

Price has successfully completed the test of the move down on Thursday. Now it is time to test the move up on Friday and perhaps further down from earlier in the week. Getting on board the trend within a reasonable amount of risk will be the challenge.

Attached Thumbnails
Tap In's Corner-2016-05-09_0543_macro.png  

Last edited by Tap In; May 9th, 2016 at 10:13 AM.
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 9th, 2016, 10:13 AM   #542 (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: 2,063 given, 1,849 received

5/9/16 trade 1

For my first trade I chose price risk and entered on confirmation of the resumption. Probably should have held this one but chose to take a quick winner to start the week.

Attached Thumbnails
Tap In's Corner-2016-05-09_0608_trade_1.png  
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 9th, 2016, 10:27 AM   #543 (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: 2,063 given, 1,849 received

5/9/16 OR established


OR established. There is definite liquidity on the bid today. Who knows how low they want to take it. Price is at some support now but it probably wont hold for long. Missed some opps while doing the morning blueprint. That is one of the drawbacks of doing this on the forum. And yes, I should have held that first trade!

Attached Thumbnails
Tap In's Corner-2016-05-09_0623_or.png  
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 9th, 2016, 11:02 AM   #544 (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: 2,063 given, 1,849 received

Trade 2: -1t. Price jumped up quickly after I entered so I thought I was trapped and exited at minimal damage. The trade worked in the end

Attached Thumbnails
Tap In's Corner-2016-05-09_0658_trade_2.png  
Reply With Quote
     
The following 3 users say Thank You to Tap In for this post:
     

Old May 9th, 2016, 11:56 PM   #545 (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: 2,063 given, 1,849 received

5/9/16 Monday recap

Futures Edge on FIO

Are you a NinjaTrader user?

 
5/9/16 Monday
Combine Trades: 7
Day’s P/L: $-156

Traded more today. A little looser with the entries. I will try to keep this mindset through the week. It didn’t work out today though. Had one great trade with many ok trades. One really bad trade at the end of the day. Shouldn’t have taken it. I was desperate to get into the black. Stupid.

After testing all areas above overnight, it was highly probably this would be a down trend day to test areas below. Hindsight shows that if I hold the first trade all day I make 100+ ticks. But that’s hindsight. The good news is that 6 of the 7 trades were with trend. That’s a plus, but I still didn't come out ahead. I think I was leaning towards price risk too much today.

Total Reasonable Movement results:
Trade 1: +42, -0
Trade 2: +16, -6
Trade 3: +0, -14
Trade 4: +4, -62
Trade 5: +14, -0
Trade 6: +7, -16
Trade 7: +2, -24

3 right trades, 4 wrong trades. Though I was mostly trading with the trend, my timing was off several times. Entered too late. Need to get more comfortable with information risk and enter higher in the pull back.

Attached Thumbnails
Tap In's Corner-2016-05-09_1927_trades.png   Tap In's Corner-2016-05-09_1953_combine.png  
Reply With Quote
     

Old May 10th, 2016, 09:53 AM   #546 (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: 2,063 given, 1,849 received

5/10/16 Blueprint

There are a lot of un-tested breakdown levels from yesterday's sell-off all the way up to the 45.50 area. We are coming off a major swing low, so the market may want to go back up and get some of those levels.

If we hold below the 43.00 area, we could see testing all the way down to the 42.10 area.

Currently we are between support and resistance so trading needs to proceed with caution until we get out of here. One possibility is to fade the S/R but that is a little more sophisticated for me. I will look for order flow events to confirm either an obvious fade opp or a breakout should one occur.

Attached Thumbnails
Tap In's Corner-2016-05-10_0525_macro.png   Tap In's Corner-2016-05-10_0537_scenarios.png  
Reply With Quote
     

Old May 10th, 2016, 10:17 AM   #547 (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: 2,063 given, 1,849 received

5/10/16 OR established

OR established.

Two trades so far, -8

Attached Thumbnails
Tap In's Corner-2016-05-10_0613_or_.png  
Reply With Quote
     

Old May 10th, 2016, 10:29 PM   #548 (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: 2,063 given, 1,849 received

5/10/16 Tuesday recap

5/10/16 Tuesday
Combine Trades: 17
Day’s P/L: -$252

Apparently I decided to trade today. After the first two trades I was down 8 ticks, then got up 41 ticks. I figured I would press for a big day and ended up giving it all back and then some. The market just wasn’t there for a big day.

What struck me about the day was how calm I was, even while giving it all back. Somewhere deep down I felt that everything in the long run is going to be ok. I’m catching more winners, I’m developing some nice set ups. It just wasn’t the day to press. If I can keep the same attitude during the really good days I should be ok. We’ll see.

As far as the trading was concerned there was good, ok, and bad. The market showed a lot of impulse moves that stalled out quickly, so in hindsight it looks like I took a lot of trades at the edges. Price risk in markets like this doesn’t work well.

The results: only 8 of 17 trades got to 1R. Somehow I need to get this up to between 60-70% or it’s always going to be a struggle. Combined with this, I let too many trade play out. I should have gotten out at or near BE a lot more. I tend to do better when I manage my trades “scared”, especially on a day like today.

Attached Thumbnails
Tap In's Corner-2016-05-10_1759_trades.png   Tap In's Corner-2016-05-10_1804_combine.png  
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 11th, 2016, 10:03 AM   #549 (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: 2,063 given, 1,849 received

5/11/16 Blueprint

To the upside:

Price has done a nice job of reconciling most of Monday's sell off. It could turn down at any time, but there are a couple more areas to the upside that could be tested. These extend all the way up to the 45.60 area.

To the downside:

There was an overnight surge from 44.34 to 44.57 that should be retraced at some point. This may be required to refuel the market before much more movement to the upside can take place.

Attached Thumbnails
Tap In's Corner-2016-05-11_0538__macro.png   Tap In's Corner-2016-05-11_0548_scenarios_.png  
Reply With Quote
     
The following user says Thank You to Tap In for this post:
     

Old May 11th, 2016, 10:12 AM   #550 (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: 2,063 given, 1,849 received

5/11/16 OR established


OR established with a +23 tick trade to start the day

Attached Thumbnails
Tap In's Corner-2016-05-11_0607_or.png  
Reply With Quote
     
The following 2 users say Thank You to Tap In for this post:
     

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)
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

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 04:00 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 2016-12-11 in 0.13 seconds with 20 queries on phoenix via your IP 54.197.150.143