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TimendaGain Trade Journal
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TimendaGain Trade Journal

  #1 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

TimendaGain Trade Journal

This is my second trade journal and will be used intended: posting trades and commentary. I'll continue the original one to record some trades from my automated systems.

Most of my trading has been systematic. I've written several automated trading systems. While overall this has been a success I'm at the point where I feel I need to go in a different direction.

To sum up the evolution of my trading beginning 2008:

* Break out trading stocks on the IBD 100 list. abject failure.
* Auto-trading ES opening Gap system . mixed results.
* Systematic stock portfolio system. initial success, then failure.
* Systematic trading IBD 50 and SnP500. some success.
* Swing trading ES end of day. some success but hesitated to take all signals.
* Auto trading ES end of day. <- success. consistent and good performance. only problem is it's slow. good signals take weeks.
* Auto systematic day trading ES. <- success, but recently has faded to mediocre.
* Auto systematic trading ES swing system. <- too new to determine success but presently in drawdown

I’ve avoided trading the ES manually for several reasons ( don’t trust myself, felt systematic is better, etc. ). But I may be prejudiced about it. The primary reason I’ve changed my mind about it is this site, futures.io (formerly BMT).

My challenge is what to do with my experience so far. Do I use it or suppress it? For example, in my day automated day trading I have not been able to generate consistent returns without using standard lagging indicators. Yet they’re shunned. Fair enough. I don’t like waiting for the ADX to hit 22 anyway. There can be days and days without a trade!

I’ve got a pretty good start and I’ll write about that in my next post.


Last edited by timendaGain; September 9th, 2015 at 05:34 PM. Reason: Adding daily checklist
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  #2 (permalink)
Quick Summary
Quick Summary Post

NOTE: For now I've discontinued tracking results in this summary page. Instead they are scattered in the journal under the title "Accounting"

Trading Results. Closed positions. End of Session. In points.

Open Position
PrimaryTrade, CounterTrade
n/a, n/a

Date, PrimaryTrade, CounterTrade
Total: -28.62, 25.12
9/9/2015 -5.25, +3.25
9/8/2015 0, .25
9/7/2015: -17.62 17.62 ( 2 contracts, trade opened 9/4 )
9/4/2015: -9.75, 8.75
9/3/2015: +4, -4.75
Trade Day Checklist
  • Establish Bias ( Long or Short ). Use correlated markets to do this. Write the bias in the journal.
  • Eliminate any experimental indicators I may have put on my charts
Suggestions:
Do I need a daily alarm / calendar reminder remember to do things?


Last edited by timendaGain; September 24th, 2015 at 12:33 PM.
 
  #3 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received


I’ll be trading the S&P 500 index using either the E-mini S&P 500 futures contract or an ETF such as the SPY, UPRO or SPXU. ETFs will be used early on to allow me to experience trading with real money, yet minimize the risk to a small pilot account.

I have been “tooling” my NInjaTrader platform with the mix of indicators that I want to use. The Ninja indicators I’m planning to use are as follows:

On ES time series data
200 ma on daily ETH bars for long term trend
ADXVMA(50) on range 10 RTH bars for medium long term trend

On any ES timeframe ETH chart ( as they work the same on all ):
  • VWAP weekly for a volume based look at medium term trend
  • VWAP daily for a volume based look at short term trend
  • Volume LadderMetroEdition 10 session for long term
  • Volume LadderMetroEdition 5 session for medium
  • Volume LadderMetroEdition one session for intra day
  • PriorDayOHLC
  • MovingMedian

I have not yet settled on my trading charts yet. I’m currently watching:
  • 100,000 volume ETH
  • 40,000 volume ETH
  • Range 10 ETH

Other data and indicators will be used and I’ll document them as I explain their use.

Some things that I’m missing is real time $VIX and having the $TICK in NinjaTrader ( I have it in TradeStation ). I'm running an "AdjustedTick" indicator there.

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  #4 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

This trading experiment feels more risky to me than the systematic and automatic trading that I'm used to trading with. With systematic trading, the rules are concrete, durable, clear and testable. With discretionary trading all record of the impulse for trade initiation and management is vapor. I expect it to be near impossible to accurately capture a record of why trades I'll make were made.

I hope this journal will do something to help guide me through what will be an iterative process of trial and error.

To get started, I've written down, in English, a loose framework for candidate trading rules. It might be better to call them guidelines than rules.

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  #5 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

Here is my main trading chart. E-mini S&P 500 futures contract ( ES ). Range 10, RTH

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


Indicators:
  • weekly VWAP ( white line )
  • daily VWAP ( red and blue )
  • anaADXVMA ( yellow line )
  • moving median ( blue dots )
  • PriceActionSwing ( red and green dots )
  • PriorDayOHLC ( series of horizontal lines )
  • VolumeLadderMetroEdition ( blue histograms on right, daily on left side, 5 day rolling on right )

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  #6 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

One problem I face is that I work a full time job. I have enough time to watch the market most of the time. However, I'm watching it in a tiny window in the corner of my screen. I remote into my trading computer and the entire desktop is shrunk down on my work computer to about a 5x3 inch window. I use a magnification utility so that I can see parts of the screen.

Ridiculous!

Most people probably have 4 or 6 monitors with all kinds of information. Since I can't afford to spread out like that I'm confined in how much information I can put at my disposal. Part of me thinks this is a good thing. Too much information can create confusion.

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  #7 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

I'm going to try and gather as much feedback from my trading as possible. One thing I'm going to try early on is to trade 2 sim accounts simultaneously. In the primary account I'll take the trade as I think it should be taken. In the 2nd account I will take the opposite side of every trade I make.

For example:
primary account, long @ 2045, target 2051, stop 2041.
opposite account, short @2045, target 2041, stop 2051.

By doing this I'm hoping that the net gain/loss will be nearly the opposite of the primary account. I'm also hoping that my trading in my primary account is either very bad or very good and not simply treading water.

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  #8 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

Current sim account balances:

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DayTrade will be the primary account
DayTrade2 will be the opposite side account

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  #9 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received

Opening bell. Pre market is up but off it's highs after Draghi vows more QE if needed. This is daily ETH chart. Last candle shows the wick at the top.

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The volatility ( > 19 ) has been high as evident on the daily chart. The intraday price action has had big swings.


Last edited by timendaGain; September 3rd, 2015 at 10:42 AM.
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  #10 (permalink)
Elite Member
New York, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 779 since Nov 2010
Thanks: 135 given, 208 received


Markets correlated with the SnP:
Crude, Jap Yen, Aussie Dollar and 10 2s US Treasury spread.
Lately crude has been volatile. It's near flat at the moment with a quiet session so far.

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