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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)
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)
Santa Barbara, CA
 
Experience: Advanced
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Posts: 137 since Oct 2014
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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)
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
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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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Market Wizard
Tallinn, Estonia
 
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Do you really need indicators to trade with Unirenko ?


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


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


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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November 1, 2015


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