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GruttePier's trading journal to getting profitable
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GruttePier's trading journal to getting profitable

  #611 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
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bobwest View Post
Terrific results and great progress.

Bob.

Thanks!

I forgot to mention that I only had 1 losing day in September.
Guess the 5 days that I did not trade were the losing days. I choose the right days not to trade

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  #612 (permalink)
Market Wizard
Sarasota FL
 
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GruttePier View Post
Guess the 5 days that I did not trade were the losing days. I choose the right days not to trade

Package how to do that up into a system and sell it.

Bob.

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  #613 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
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bobwest View Post
Package how to do that up into a system and sell it.



Bob.

I'll make a couple of indicators of this system, and sell them for a lot of money. Will do some more webinars and sell training and private coaching. Hell, I might even open a private trading room

Nah, I like trading too much.
Rather spent my time on that.


Sent from my iPhone using futures.io mobile app

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  #614 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
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Posts: 962 since Dec 2013
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Oct 3rd prep

Market overview ( am / CET)
- Asia, up 0.9 – 1.2%
- Europe, down 0.2 – up 1.0%
- Oil, up 0.1%
- Gold, neutral
- Bonds, neutral

Overall sentiment is mixed.
Several news events this morning.

Important price levels
- 2167-68. SR level + R1 + Friday’s high
- 2153-54. SR level + weekly PP
- 2137-38. Friday’s ETH low, near S1 weekly

Overnight tested higher grounds, but failed and fell below Friday’s VWAP towards the 53-54 level. Volume overnight was low. Upon the opening, price continues to chop around the weekly PP.
Small opening gap of 4 points, possibly to being filled today.

I don’t know what to expect, I have a small negative bias. It would not surprise me if today is going to be a range day.
I’ll see what the opening will look like and likely be trading pullbacks to the OR. Preferably shorts.

I had a pilot long half an hour before the open anticipating on a pullback to yesterday’s VWAP, which I closed with a small loss.

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  #615 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
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Oct 3rd

Price dropped overnight towards the weekly PP. Taking a pilot long in anticipation of a pullback (setup 1). Reversing to short (setup 2) when price dropped after the opening. Loss of -2.25 points.

Price moves in my favour and makes a new low, then pulls back through the VWAP to the 53-54 area with lots of activity, stopped out. Loss of -2.5 points.

Price drops after making a double top and makes a higher low. $tick seems to get stronger which makes me doubt my bias. Price is chopping for an hour around the VWAP with $tick getting stronger. Price makes a new HOD, then pulls back into the 53-54 level again. Taking a long (setup 3). Price drops further and chops around VWAP. Stopped out. Loss of 3.5 points.

This is not my day, I stop trading for today with a total loss of 8.25 points.
Chopped up in the 7 point range today.

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  #616 (permalink)
Market Wizard
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Oct 5th prep

Market overview (12 am / 18.00 CET)
- Asia, up 0.4-0.5%
- Europe, down 0.2-0.5%
- Oil, up 2.1%
- Gold, down 0.1%
- Bonds, down 9/32

Overall sentiment is positive, US indices are up 0.5-1.0%.
Several news releases this morning, mainly positive.

Price is chopping sideways for a month now, below the Range of Boredom of the summer period.

Important price levels
- 2158. SR level + yesterday’s high
- 2150. OR low
- 2138. S1 weekly, ADR low

Overnight made higher highs. Price made a 5 point opening gap which is not filled sofar.
Price is chopping sideways sofar. It just touched R1 and chopping slightly below currently.
Daily range is 8 points sofar.

I’m expecting a continuation of the range with the 2158 on the upper side.
I will be looking for shorts from this level and be cautious with adding. On the downside, I’m expecting support at the OR low.

Another low volume range day. I’ll not be taking trades when in doubt.

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  #617 (permalink)
Market Wizard
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Oct 3rd loss

The 8 point loss on Monday has kept me busy. Where did it go wrong? What signals did I miss?

I guess the low volume overnight and the fact that I had not a clear bias were indications for a range day to come.

Or maybe I should just accept having a wrong bias and the randomness of the market.
And when the bias is wrong, this ends in losses.

If anyone has other signals that I did not see, please let me know

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  #618 (permalink)
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GruttePier View Post
The 8 point loss on Monday has kept me busy. Where did it go wrong? What signals did I miss?

I guess the low volume overnight and the fact that I had not a clear bias were indications for a range day to come.

Or maybe I should just accept having a wrong bias and the randomness of the market.
And when the bias is wrong, this ends in losses.

If anyone has other signals that I did not see, please let me know

Just say- Next! Seriously- That's trading. We have to have bad days or there would be nothing to trade and nothing to learn from. If still searching for reasons, break the day down into pieces. An objective trader always sees validity in their opponents trade and respects it. I typically know when I'm "doing wrong" and have reasons why I continue. Usually I can look at the ACD system and know if I'm fighting then decide if I will continue to fight- range days make it difficult to know if you are onto something others haven't grasp yet or if you are set up for failure.... The suck for us fader/ Retracement guys.

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  #619 (permalink)
Market Wizard
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Inletcap View Post
Just say- Next! Seriously- That's trading. We have to have bad days or there would be nothing to trade and nothing to learn from. If still searching for reasons, break the day down into pieces. An objective trader always sees validity in their opponents trade and respects it. I typically know when I'm "doing wrong" and have reasons why I continue. Usually I can look at the ACD system and know if I'm fighting then decide if I will continue to fight- range days make it difficult to know if you are onto something others haven't grasp yet or if you are set up for failure.... The suck for us fader/ Retracement guys.

Right. Best advice is moving on and don't bother looking for indications too much.
Just as you rely on your "fighting feeling", I must learn to rely on my own "this is gonna be a range day" stomach feeling. Guess that's experience and why people refer to 10.000 hours of screen time.

Thanks.

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  #620 (permalink)
Market Wizard
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Oct 5th


Not much to say about this afternoon's trading, other than I stuck to my bias, traded it and made 5.75 points.

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