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Market Profile morning trade log
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Market Profile morning trade log

  #1 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

Market Profile morning trade log

After studying a couple of different sources, I'm now trading minimally during the first couple of hours based mainly off of market profile. Here is my log for the first three days:

Nov 30: no trades

Dec 1: -1.50 x1 = -$80 (including -$5 per rt)
1 pt off VAH trade. reduced position due to news coming out.

Dec 2: -1.75 x3 = -$277.5
OR trade.

Trading only the ES. So far even though the results are negative, I've stuck to my rules. I'm only using pre-defined setups with a decent risk/reward.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

additional trade


one more trade today that triggered right after posting.

Dec 2 (cont): -1.00 x3 = -$165
1.5 IB. 2.00 MAE, exited early due to Yellen scheduled to speak.

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  #4 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

Hi gumdrop, I find it helps if I review my trades at the end of the day. You don't have to do it on here-I video my screens with BBflashbackrecorder and then watch at a later date.

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  #5 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

end of first week

Dec 3: out of market

Dec 4: -2.00 x3 = -$315
Singles trade
——>: +2/+5/-0.5 = +$310
Re-entered at better price since other markets' singles were still valid. Should have re-entered even a little later.
——>: -1.75 x3 = -$277.5
Another single

weekly totals
1/6 = 16.6%
costs: -$1115
gains: +$310
Nov 30-Dec 4: -$805

Not a very good start, but sticking with it to see if I can get some bigger winners in the coming days.


Last edited by gumdr0p; December 4th, 2015 at 12:55 PM.
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  #6 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

Mon Dec 7

-2.75 x3 = -$427.5
secondary Singles trade, 1-tick slippage on exit, which was already extended

ended early today. continuing the drawdown from last week.

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  #7 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

Tue Dec 8 (mostly experimental day)

-1.75 x3 = -$277.5
OR trade long. supposedly OR shorts have better probabilities. Dec 2 OR was also long.

----------

-0.00 x2 = -$10
experimental trade based off cum delta w/ one lot, accidentally added one at stop and then was able to scratch. lucky, although if i held out longer i could have been even luckier.

+5.00 = +$245
experimental trade based mainly off of bearish internals.

-3.00 = -$155
attempted to repeat prior move.

-2.00 = -$205
re-entered. exited at breakeven point for experimental trades.

-5.25/-2.75 = -$410
tried again as it re-entered the IB. being dumb at this point.

+5.00/+7.00 = +$590
late 2xIB trade. still semi-experimental since i wasn't sure how legit the setup was... and in revenge mode!

-2.50 = -$130
broken single... still in experimental mode. need to stop! overtrading, but at least kept $25 over breakeven on experimental trades.


Last edited by gumdr0p; December 8th, 2015 at 03:24 PM.
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  #8 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

Wed Dec 9

+2.00/0x2 = +$85
VAL short. MFE 3.25 and stops brought to breakeven

----------

0.00 = -$5
experimental trade trying to get a runner at the top. scratched due to conflicting ideas.

-3.00 = -$155
attempted VBR1, blew right through it

-1.50 = -$80
tried to grab the top.

-2.00/-1.25 = -$172.5
tried again... accidentally entered a second when trying to exit, should stop once i'm making these kinds of mistakes

0.00 = -$5
not willing to risk much more on these "off plan" trades

-1.75 = -$92.5
trying to catch it back up

-2.50 = -$130
ditto

-$640 on experimental trades. okay, I need to stop those... losses on the planned setups is one thing, but to take those hits on others is dumb. failed the psychological test that when my plan struggles, then i go off plan and make things worse. i got away with it yesterday, but today i paid the price.

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  #9 (permalink)
Elite Member
Illinois
 
Futures Experience: Beginner
Platform: Sierra, NT
Favorite Futures: ES, VIX
 
Posts: 51 since Apr 2015
Thanks: 68 given, 12 received

pulling the plug

Going to backtest a bit more, so I can have more confidence in the trades I'm taking... even in the eventual drawdown. I'm going to look rather closely at MAE and MFE and maybe try to set up a simple 1-lot bracket w/ wide targets/stops. We'll see... I definitely need to do more homework.

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