30 Year Bond (ZB) Daytrading Journal - futures io
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30 Year Bond (ZB) Daytrading Journal


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30 Year Bond (ZB) Daytrading Journal

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  #1 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

I use Ninjatrader to daytrade ZB, mostly in mornings.

Charts: UniRenko (T1R2), RangeNoGap (1 tick), 1 min, 5 min, 15 min

Indicators: ThreeBarReversal, EMAs (10, 20, 50), GomCDHA, Volume, Session VWAP, Pivots, Jigsaw

Stop Loss: 6 ticks

Target: 1st target: 4-6 ticks, 2nd: use ATR to set moving target

Trading Style: Retracement trades when prices retrace to 20 or 50 EMA.

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  #3 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received


9/21/15

2 pull back trades so far. All times are PST.

1st trade, after entry, price stalled, so I got out, missed the bulk of the move.

2nd trade is better, pretty much capture the move.





Extended pullback: see yellow circle.

It's harder to trade than regular pullback, because the 1st pullback will often get stopped out.

Should have shorted when price touched 50 EMA (yellow line).

I often find that when extended pullback occurs, the next pullback will only touch 20 EMA, and the trend continues with more velocity.




In hindsight, all the red circles would have been good short spots.


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  #4 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
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wshi88 View Post
9/21/15

2 pull back trades so far. All times are PST.

1st trade, after entry, price stalled, so I got out, missed the bulk of the move.

2nd trade is better, pretty much capture the move.



I like your style

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  #5 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
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Do you really need indicators to trade with Unirenko ?


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  #6 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
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Trading: ZB
 
Posts: 137 since Oct 2014
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lemons View Post
Do you really need indicators to trade with Unirenko ?



Good question.

For a perfect trending day like today, you don't need indicators, except for trend lines.

But hindsight is 20/20.

You never know it will be a trending day when it's still in progress.

It'd be very interesting to see how we handle choppy days.

For my trading style, 20, 50 EMAs, VWAP, GomCD HA are great indicators.

Of course, price actions are the most important indicators, if they can be called indicators.

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  #7 (permalink)
 wshi88 
Santa Barbara, CA
 
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Long at the very shallow pullback.

1st target hit for 4 ticks
2nd target hit for 7 ticks

I think it'll pullback here a bit (5:50 am), then continue to go higher.




Short trade:

1st target hit near previous swing low, for 3 ticks.
Runner got stopped out at BE.



Had I raised the runner stop by 1 tick, I'd have captured at least 10 ticks with runner.

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  #8 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
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If I look your trade markers I see you go long on the way down
and short on the way up. Are markers wrong and you wait
reversal bar and then enter ? Or you don't use unirenko chart for entries ?

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  #9 (permalink)
 wshi88 
Santa Barbara, CA
 
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All previous trades are with trend trades. I rarely do reversal trades.

For example, yesterday, first trade was a long trade, the yellow up arrow is entry, 2 orange down arrows are exits.

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  #10 (permalink)
 wshi88 
Santa Barbara, CA
 
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Posts: 137 since Oct 2014
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1st trade: I attempted a reversal trade, seeing previous prices were in a range.

But it went against me immediately, I quickly exited with -4 ticks.

If I didn't get out, I could have suffered -10 ticks.




2nd trade: pullback long

Entered a bit early, saw huge selling pressure at 155'20, so exited with +1 tick.


3rd trade: after 155'20 was cleared, reentered long, thinking it'd go higher.

But market turned around, got stopped out for -6.


4th trade: pullback short, was a perfect entry.

1st target hit for +6
2nd target hit (trailing stop) for +10

I drew links between entry and exits. so that you can see each trade clearly .



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  #11 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
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Now I am not surprised anymore
Now I know you get in in the middle of bar.

I enter differently :
I go long first yellow after green bar.
and short first blue bar after red bar.

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  #12 (permalink)
 wshi88 
Santa Barbara, CA
 
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Agree, I sometimes jump the gun, enter before the reversal bar closes.

I look at 1 tick range bar to time my entry.

Your way is more conservative, but safer.

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  #13 (permalink)
 wshi88 
Santa Barbara, CA
 
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Took a quick breakout Long trade, for +3.



2nd trade: attempted a pullback short, but price didn't go down, stopped out for -5.

If it didn't get stopped out, I'd have suffered a big loss.


3rd trade: tried to get in long, but didn't get filled, ended up chasing it, target didn't get filled at '30, price came back down, decided to exit, for BE.

After that, I tried twice to get in on pullbacks, but never got filled, so missed the big run up.


4th trade: a reversal short, when I saw price stalled.

I rarely do this type of trade.

Wasn't a very good entry, almost got stopped out by 1 tick. It eventually came down, exited with +1.



5th trade: a short after extended pullback
1st target hit for +6

Runner is still in force, it's progressing beautifully.

Will post chart when trade completes.

2nd target: runner got stopped out for +10.




I have much better results on short trades than long trades, simply because down trend is generally faster and more furious than up trend, and lasts longer.

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  #14 (permalink)
 shzhning 
Madison, NJ
 
Experience: Intermediate
Platform: CQG/TOS
Broker: Optimus/CQG
Trading: ZN/TN/ES/NQ
 
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nice to see a bond journal here

a suggestion: your chart would be better if you include Y axis for price

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  #15 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
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Posts: 942 since Nov 2010
Thanks: 1,825 given, 2,259 received

Charts: UniRenko (T1R2), RangeNoGap (1 tick), 1 min, 5 min, 15 min
Indicators: ThreeBarReversal, EMAs (10, 20, 50), GomCDHA, Volume, Session VWAP, Pivots, Jigsaw



Is the entry solely based on Unirenko or there is something behind the screen ?
Example : If price is above the PP and 15 min chart has green candle then
look Unirenko chart and take only long trades on breakouts or at higher lows.

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  #16 (permalink)
 wshi88 
Santa Barbara, CA
 
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I mainly use 1 tick Rage bar chart to time entries.

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  #17 (permalink)
 tbondtrader 
midwest
 
Experience: Intermediate
Platform: ninja trader+tws
Broker: amp/cqg
Trading: zb and es
 
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the power of the andrews lines


nes

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  #18 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received

Thread moved to Elite Journal section.

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  #19 (permalink)
 tbondtrader 
midwest
 
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hello

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  #20 (permalink)
 wshi88 
Santa Barbara, CA
 
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tbondtrader View Post
hello

Please post in this thread (moved).

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  #21 (permalink)
corbettc24
Chicago, IL
 
 
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What are your UniRenko settings if you dont mind me asking. Looks like 1:2:98. but when I do that with mine. I dont get the same chart.
Thanks

wshi88 View Post
9/21/15

2 pull back trades so far. All times are PST.

1st trade, after entry, price stalled, so I got out, missed the bulk of the move.

2nd trade is better, pretty much capture the move.





Extended pullback: see yellow circle.

It's harder to trade than regular pullback, because the 1st pullback will often get stopped out.

Should have shorted when price touched 50 EMA (yellow line).

I often find that when extended pullback occurs, the next pullback will only touch 20 EMA, and the trend continues with more velocity.




In hindsight, all the red circles would have been good short spots.



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  #22 (permalink)
 wshi88 
Santa Barbara, CA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZB
 
Posts: 137 since Oct 2014
Thanks: 30 given, 99 received


corbettc24 View Post
What are your UniRenko settings if you dont mind me asking. Looks like 1:2:98. but when I do that with mine. I dont get the same chart.
Thanks

You can download it here: https://futures.io/392178-post297.html

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  #23 (permalink)
corbettc24
Chicago, IL
 
 
Posts: 4 since Dec 2012
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Hey thanks a lot. I already have the UniRenko V.3. Why do you like V2 as opposed to V3? From your charts. the V2 has nicer reversals and are easier to read.

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  #24 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra Qtrader TT
Broker: Amp/CQG/TT, Optimus, ADM
Trading: Mainly CL. Spread researcher currently
 
Posts: 638 since May 2013
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These look amazing and easy to follow. Wondering if anyone has experience with settings in Sierra to achieve the same in their Renko bars

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  #25 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
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jokertrader View Post
These look amazing and easy to follow. Wondering if anyone has experience with settings in Sierra to achieve the same in their Renko bars

Play with different Flex renko setting till you see clear swings.
Try
1-0-0
2-1-0
3-2-0
4-3-0
....

I recommend in Chart Settings to check 'v' New Bar When Exeeded

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 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra Qtrader TT
Broker: Amp/CQG/TT, Optimus, ADM
Trading: Mainly CL. Spread researcher currently
 
Posts: 638 since May 2013
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I have tried several settings as suggested and it seems to work for few days and then some other setting seems better.
Any suggestions.. i mainly trade in the morning say until 10 a., or so
I like the 1597 volume chart but would like something cleaner to get my entries in earlier and have clear stop lines

I am looking at ZN

If i were to keep it close to the 1UniRenko, any suggestions on the settings?

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 marketvoyager 
Florida
 
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wshi88 View Post
9/21/15

2 pull back trades so far. All times are PST.

1st trade, after entry, price stalled, so I got out, missed the bulk of the move.

2nd trade is better, pretty much capture the move.





Extended pullback: see yellow circle.

It's harder to trade than regular pullback, because the 1st pullback will often get stopped out.

Should have shorted when price touched 50 EMA (yellow line).

I often find that when extended pullback occurs, the next pullback will only touch 20 EMA, and the trend continues with more velocity.




In hindsight, all the red circles would have been good short spots.


What are the two bottom indicators and their settings, and whats the channel? Thanks.

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