GruttePier's trading journal to getting profitable (Page 33) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


GruttePier's trading journal to getting profitable
Started:October 11th, 2015 (12:20 PM) by GruttePier Views / Replies:38,982 / 747
Last Reply:5 Hours Ago (10:35 PM) Attachments:295

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
 295  
 
Thread Tools Search this Thread

GruttePier's trading journal to getting profitable

Old April 26th, 2016, 02:53 PM   #321 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
GruttePier's Avatar
 
Posts: 638 since Dec 2013
Thanks: 889 given, 1,974 received
Forum Reputation: Legendary

April 26th

Context log
- Overnight, price made an higher high at R2 and a lower high at arond the IB high
- After the open, it made a double top at the overnight high. An indication that market is weak at this moment
- Price pulls back to OR high / VWAP. In line with bias, I'm taking a long (trade #1). Stopped out when price pulls back more.
- TICK is down on high ticks, I'm expecting price to test the lower range (trade #2). Profit target hit
- Price is at the price level at which I'm expecting the lower range level and showing signs of exhaustion. Executing on my bias, I'm taking a long with a small stop (trade #3). Closed it when I lost confidence
- Price is chopping and broke through my expected lower range level by 2 points. I think price will make the lower range level arond 2079 instead, taking a short (trade #4).
- It feels like overtrading but I don't care because I must learn to execute my bias. I see opportunities that are in line with the bias and must learn to followup on this unconsiously
- Price makes a lower low and is choppy. VIX TSI is showing divergence. Profit target hit
- Damn, missed the long entry at the PP. Price pulled back very quickly. Sofar, my bias is playing out. There is no excuse for missing a trade in line with bias, so I go long and don't wait for price to test PP again (trade #5). Thanks for your feedback @Okina! TICK makes a new high print, a take this as a confirmation of my bias. Another high print of the TICK. Profit target hit
- Price does not seem to pullback and looks strong. I take another long (trade #6), no excuse for missing an opportunity in line with bias
- Just when I'm loosing confidence in this trade price breaks through the trendline. Stopped out.

Trade 1: -2 points
- VWAP trade
- Long, risk 2 points, profit target 2091.50 (just below R2 / overnight high)
- Stopped out
- Hindsight: Nice trade, no issues. Hypo just didn't work this time

Trade 2: +2 points
- Test of lower range
- TICK is confirming the short by printing -600's and making lower low
- Short, risk 2 points, profit target 2083.75 (just above expected lower range level)
- Profit target hit
- Hindsight: Inline with bias

Trade 3: -1.5 points
- Bounce of expected lower range level (yesterday high, yesterday close)
- Counter trend, no confirmations anywhere other than small exhaustion
- Long, risk 2 points, profit target VWAP
- Closed when lost confidence
- Hindsight: In line with bias, good decision to close

Trade 4: +3.75 points
- Expected test of pivot point @ 207925
- Internals showing weakness, price does not move much on up ticks
- Short, risk 3 points (OR mid), profit target at pivot point (2079.50)
- Profit target hit
- Hindsight: In line with bias, nice one

Trade 5: +4 points
- Bounce of the lower range
- VIX TSI is in divergence with price, confirming a long
- Long, risk 3 points, profit target at VWAP
- Moved the profit target with a couple of ticks because TICK was above +600.
- Profit target hit
- Hindsight: In line with bias. Should have entered at PP already but I was too slow. Anyway, glad I took it. All credits to @Okina

Trade 6: -2 points
- Expected test of upper range level
- TICK is making high prints and VIX TSI is strong. Both are confirming the long
- Long, risk 3 points, profit target at 2SD
- Stopped out, just below trendline
- Hindsight: Not satisfied with this entry, should have entered long on a pullback (that didn't come) to VWAP. Good decision to close

It's good to have some winning trades again

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


This is a chart showing the TSI(VIX) divergence which was the entry for trade #5:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following 4 users say Thank You to GruttePier for this post:
     

Old April 26th, 2016, 04:17 PM   #322 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,591 since Mar 2013
Thanks: 2,487 given, 1,663 received


GruttePier View Post
Sometimes you need a little feedback of others to get you in the right direction again or make the next step in your development.

@Okina reminded me of not executing on my bias and made me think about why I was not following up on opportunities. I then remembered @Inletcap talking about planning-executing-managing in another thread when I realized that my problem is the execution of my bias.
I have the feeling for a couple of weeks already that something is blocking me and preventing me to do good on range days. I now feel that I have found it. Time will tell and ofcourse it will all be documented in this journal.

I'm back on sim (at least for range days) to learn myself this new behaviour of following-up on my bias.

Same issue for me, I am getting better in identifying levels but execution is my BIG problem due time constraints or fear etc etc. How to get over that don't know yet, one thing I realized is I can't sit in front of screen but not able to put limit orders at my levels because I want CONFIRMATION first, once I get confirmation some work comes up and misses again, this cycle is going on and on.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Reply With Quote
     
The following 2 users say Thank You to bmtrading9 for this post:
     

Old April 26th, 2016, 04:54 PM   #323 (permalink)
Market Wizard
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,767 given, 25,048 received
Forum Reputation: Legendary



bmtrading9 View Post
Same issue for me, I am getting better in identifying levels but execution is my BIG problem due time constraints or fear etc etc. How to get over that don't know yet, one thing I realized is I can't sit in front of screen but not able to put limit orders at my levels because I want CONFIRMATION first, once I get confirmation some work comes up and misses again, this cycle is going on and on.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Go on sim for a couple weeks and try trading where you want to trade without confirmation. Take it seriously so you can gauge results. There is nothing like the rush you get when you beat the market and watch it turn in your favor. Fyi- don't jump ship when it goes against you for a bit- just observe or even better, add!

Reply With Quote
     
The following 5 users say Thank You to Inletcap for this post:
     

Old April 26th, 2016, 05:03 PM   #324 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,591 since Mar 2013
Thanks: 2,487 given, 1,663 received


Inletcap View Post
Go on sim for a couple weeks and try trading where you want to trade without confirmation. Take it seriously so you can gauge results. There is nothing like the rush you get when you beat the market and watch it turn in your favor. Fyi- don't jump ship when it goes against you for a bit- just observe or even better, add!

Thanks I did that two days back for NQ and YM of course with 25 point and 100 point win, but sim is sim anyway that a good way to approach.

EDIT: Actually planning to do etf's.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Reply With Quote
     

Old April 26th, 2016, 05:16 PM   #325 (permalink)
Market Wizard
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,767 given, 25,048 received
Forum Reputation: Legendary

Futures Edge on FIO

bmtrading9 View Post
Thanks I did that two days back for NQ and YM of course with 25 point and 100 point win, but sim is sim anyway that a good way to approach.

EDIT: Actually planning to do etf's.

Sent from my SAMSUNG-SM-G900A using Tapatalk

If you are consistently profitable on sim but get wrecked live, you are undercapitalized or not truly accepting the risk you are taking. Try it for a few weeks to make it a behavior vs a test, then try live.

Reply With Quote
     
The following 3 users say Thank You to Inletcap for this post:
     

Old April 26th, 2016, 05:20 PM   #326 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
GruttePier's Avatar
 
Posts: 638 since Dec 2013
Thanks: 889 given, 1,974 received
Forum Reputation: Legendary


bmtrading9 View Post
Same issue for me, I am getting better in identifying levels but execution is my BIG problem due time constraints or fear etc etc. How to get over that don't know yet, one thing I realized is I can't sit in front of screen but not able to put limit orders at my levels because I want CONFIRMATION first, once I get confirmation some work comes up and misses again, this cycle is going on and on.

Sent from my SAMSUNG-SM-G900A using Tapatalk

If you want to trade without confirmation, then you have to trade without confirmation.

Easier said than done, but in the end that is what you will have to do.
It takes like 20 days to make new behaviour your own.
As said by Inletcap, try it out on sim for a couple of weeks.

Reply With Quote
     
The following 5 users say Thank You to GruttePier for this post:
     

Old April 26th, 2016, 05:40 PM   #327 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,591 since Mar 2013
Thanks: 2,487 given, 1,663 received


Inletcap View Post
If you are consistently profitable on sim but get wrecked live, you are undercapitalized or not truly accepting the risk you are taking. Try it for a few weeks to make it a behavior vs a test, then try live.

First not find time to watch then not accepting the risk because I am not putting limit orders at my levels.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Reply With Quote
     

Old April 27th, 2016, 11:19 AM   #328 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
GruttePier's Avatar
 
Posts: 638 since Dec 2013
Thanks: 889 given, 1,974 received
Forum Reputation: Legendary

Kingsday prep

Market overview
- Japan, slightly down
- China, slightly down
- Europe, slightly up
- Oil, up 2.2%
- Gold, slightly up
- Bonds, slightly up

Overall sentiment is neutral.
Oil report at 16.30 CET and FOMC at 20.00 CET.

Important price levels
- 2086.50. HVN on monthly
- 2078.50. Naked VPOC
- 2071.00. Week low

Overnight was chopping within yesterday's range with no direction at all.
Upon the opening, price mad a high at the PP.

Volumes and volatility are low. I don't expect much in anticipation of FOMC this afternoon.
This is going to be another boring tight range day. In other words, good training ground for me.

I expect price to be ranging within yesterday's range.

Meanwhile...in an country far far away...people are celebrating Kingsday!

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

Reply With Quote
     
The following 2 users say Thank You to GruttePier for this post:
     

Old April 27th, 2016, 12:33 PM   #329 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
GruttePier's Avatar
 
Posts: 638 since Dec 2013
Thanks: 889 given, 1,974 received
Forum Reputation: Legendary

Kingsday

Context log
- Overnight was chopping withing yesterday's range without direction
- The first trading hour, price is within a relatively wide opening range of 5 points
- Price makes a new low upon the release of the oil report. I expect the low of today to be the S2 level and take a short (trade #1). Price seems exhausted and I'm sure if it will hit the S2 level. I close it with a small profit of 1.75 points
- I have my doubt about going long here. I know this is in contradiction with closing first trade. Anyway, I'm not going to force any trades and wait to see what price is going to do
- Price is chopping in a thight rage (flag) and meanwhile both TICK and TSI(VIX) are diverging. Cannot ignore this and go long (trade #2). Price goes indeed higher. Profit target hit.
- It's tempting to move the profit target to OR high, but family is calling for dinner
- I'm done for today

Trade 1: +1.75
- Move towards lower range
- Internals are slightly confirming a short: TSI( VIX ) making small lower lows, TICK making lower lows
- Short, risk 2 points, profit target 2075.50 (just above S2)
- Move seems exhausted and I loose my confidence of price reaching S2. Closed with small profit
- Hindsight: Traded my bias

Trade 2: +2.75
- Bounce of LOD
- TICK and TSI(VIX) divergence are supporting a move up
- Long, risk 2.5 points, profit target just below S1 / VWAP
- Profit target hit
- Hindsight: Traded my bias, turned out ok

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

Reply With Quote
     
The following 4 users say Thank You to GruttePier for this post:
     

Old April 27th, 2016, 12:40 PM   #330 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
GruttePier's Avatar
 
Posts: 638 since Dec 2013
Thanks: 889 given, 1,974 received
Forum Reputation: Legendary


For those who are interested: https://en.wikipedia.org/wiki/Koningsdag

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


Children selling stuff at the Kingsmarket
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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

Reply With Quote
     
The following 5 users say Thank You to GruttePier for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > GruttePier's trading journal to getting profitable

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

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
Most profitable Trading room Farhangp Vendors and Product Reviews 18 July 1st, 2016 05:44 AM
Profitable sim/market replay = profitable live? nourozi NinjaTrader 7 January 20th, 2014 11:03 AM
Simple Directional Trading profitable? Big Mike Traders Hideout 29 November 24th, 2013 11:38 AM
Profitable Patterns in Trading JDNeeman Trading Journals 8 June 28th, 2012 08:45 PM
Modification in trading habits to start being profitable arjfca Psychology and Money Management 20 February 15th, 2012 06:54 AM


All times are GMT -4. The time now is 03:42 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 2016-12-09 in 0.18 seconds with 20 queries on phoenix via your IP 50.16.17.16