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My journey to get funded : FESX scalping
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My journey to get funded : FESX scalping

  #1 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received

My journey to get funded : FESX scalping

As mentioned in the title, my goal is to get funded. I didn't turn the corner yet but I make progress everyday. Before to get funded, I need to be profitable and this journal will help me to reach this first objective.

I trade the FESX with a 1 lot from the open at 9 AM CET until 11 AM. I use Jigsaw Trading's depth of market.

I will make some daily posts with my results and try to comment every trade when there is something interesting to say.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received


presentation
coming soon


Daily routine

1. drink a cup of coffee
2. make 15 minutes of meditation
3. review of the economic calendar
4. enter major levels in the platform


Last edited by Cedric; August 30th, 2015 at 05:58 PM.
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  #4 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received

Monthly results

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  #5 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
lemons's Avatar
 
Posts: 789 since Nov 2010
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Cedric View Post
As mentioned in the title, my goal is to get funded.

Where ?

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  #6 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received


lemons View Post
Where ?

For the moment I don't really care who. I'm not profitable yet. Once I will have eliminated all the mistakes from my trading, the ticks will accumulate automatically. If I can show some positive results over several months, it should be easy to find someone willing to fund me.

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  #7 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received

31.08.2015

Low volume + small range : plan for the day was to take some fade trades

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1. Fade : Poor entry. I chased for 1 tick and then got shaken out by the flow, it appears to be the high of the day. I should have been more patient

2. buyers were sustaining the prices, entered long hoping for a gap fill 11 ticks higher. I see the high holding, I should have exited earlier. I think about reversing but there is not a lot of volume and when it picks up it's already too late.

3. Fade : missed the first visit (not fast enough). Waited for a small retracement to enter long. It goes 6 ticks in my favor, I cover after it came back 3 ticks. In these kind of situation I'm always afraid it could come back on my entry price and then turn into a loss.



+ / - of the day

+ : stay outside of chop during most of the day and was very patient
+ : wait for a retracement before to take the 3rd trade (instead of chasing)
- : poor entry on the 1st trade, not enough patient
- : should have cover earlier on 2nd trade (1 tick lost)
- : missed a low risk trade around 10:50. Since I was about to quit for the day, I didn't want to turn my day into a loosing day but that was stupid since the risk/reward was really good.

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  #8 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: TSTcombine
Favorite Futures: CL, ES, FESX
 
lasecondababele's Avatar
 
Posts: 213 since Oct 2014
Thanks: 181 given, 371 received

Hi, I'm trading the same instrument, with jigsaw as well, look forward to reading more of your journal!

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  #9 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received

Gap down, decent volume, exactly the way I like it : not to fast, not to slow

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1. Fade. I forget to start the screen recorder so I can't replay the action. I got shaken out. I appeared to be a very good entry since it was the high of the day...

2. I'm able to review the action, screen recorder is on. I entered 2 ticks too late. It then has a bad influence on my psychology, it went 2 ticks against me and I exit for a small loss. It then goes in my direction (more or less 8 ticks). If I would have pulled the trigger faster, I would entered at a better price and wouldn't be shakened out.

3. Sellers sitting on the prices. Path of the least resistant on the short side. It goes 4 ticks in my favor, came back on me 2-3 times and I take a scratch (+1 tick)

These 3 first trades are dramatic, my reading of the situation is excellent but since it doesn't go immediately in my direction I exit 3 times stupidly. I would already been 15 to 20 ticks in the money if I would have commit to the trades and react faster.
That's dramatic, I take some risks and I'm not rewarded when I'm right. That's the worst situations possible. I really need to work on that.

4. I tried to enter long 2 times around 9:30 but once more I was not fast enough to enter at a good price. I was frustrated to miss the entry and chased stupidly. Good point is I was able to exit quickly when I saw the momentum die and sellers not allowing the market to go higher.

5. I let a limit order 2 ticks lower and I'm executed when the markets makes a run, that is just supid. I cover just when the market is holding. Very poor management from entry to exit : entered to late and then I exit when it's obvious the market will retrace and allow me to scratch.

6. Entry is good, I was fast and didn't hesitate. Exit is poor, I should have covered at +4, action is not good, sellers holding, not enough buying interest. I'm really lucky to exit with a scratch, the market should have punished me here.

I wanted to enter long again at 9:59 but pulled my order realizing there is a news 1 min later. No reaction at the news and it makes a nice run up...

Then action becomes strange and I'm unable to have a good read.

7. It didn't stop me to take this stupid trade.
8. Nice trade. Nice entry, perfect exit !

All the other trades are the same shit, I try to fade, it doesn't go, I scratch or take a small loss.

Trade #11 : I covered trade #10 just before it hits my stop, but it makes a run and my hard stop is also executed... That was not the plan at all but I earned 2 ticks going short.


+ / - of the day

+ my order flow reading is often very good (first 3 entries + some exits are good)
- I got shaken out to often
- I often hesitate a few seconds before to pull the trigger and then it's already to late
- it shakes me out when I enter too late. If I would enter faster, I would already be 1-2 ticks in the money and then be less influenced by psychological reactions since I know I will be able to scratch instead of taking a 1-2 ticks loss.


The only person who gets richer if I trade like this is my broker. I took way to many trades today.

I need to be faster (for entries and for exit) and trust my order flow reading.

A few weeks ago, I would have lost a lot of money in a market like this.

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  #10 (permalink)
Elite Member
Fribourg / Switzerland
 
Futures Experience: Beginner
Platform: Jigsaw Trading + Sierra Chart
Favorite Futures: FESX
 
Posts: 10 since Oct 2013
Thanks: 2 given, 1 received


Wednesday 2nd of September

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1. Momentum trade, covered way to fast, panic out for no reason.
2. My reading was not good, I had 10 times the opportunity to scratch but didn't do it.
3. Stupid trade, I enter when there is no more momentum
4. Fade: entry is good but market went 2 ticks lower and stopped me out before to reverse
5. Missclicked when I wanted to center the DOM! I wanted to enter long anyway but was waiting for a better price. Very poorely managed. It appeared to be the low of the day.



No trading on Thursday


Friday 4th of September

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1. Very nice trade, could have made 1-2 ticks more on the exit
2. Entered 1 tick too late. It was a good trade.
3. Should have made 1-2 ticks more on the exit
4. It came back on me. I decide to stop for today. I don't want to give profit back.

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