Johnson's Price Action Trading Journal - futures io
futures io



Johnson's Price Action Trading Journal


Discussion in Trading Journals

Updated
    1. trending_up 767 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 3 posts
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Johnson's Price Action Trading Journal

(login for full post details)
  #1 (permalink)
 xiniuwang100 
Sydney Australia
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: HSI(HangSeng Index Futures)
 
Posts: 7 since Feb 2016
Thanks: 0 given, 6 received

I started full time trading 5 month's ago, and part time trading (2 hours p/d) forex/gold since March, 2015. Currently exclusively trade HSI ( HangSeng Index futures) full time.

Opening this journal and try to record my steps in trading career.

I'll add more details with myself and my tradings later on.

Started this thread Reply With Quote
The following 3 users say Thank You to xiniuwang100 for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(602 thanks from 60 posts)
looks_twoSalao's Journalby Salao
(147 thanks from 26 posts)
looks_3Learning to Profit - A journey in algorithms and optionsby Syntax
(112 thanks from 26 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(94 thanks from 30 posts)
looks_5Maybe a little bit different journalby Malykubo
(46 thanks from 29 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
I finally blew up an account
494 thanks
Spoo-nalysis ES e-mini futures S&P 500
63 thanks
The Crude Dude Oil Trading System
62 thanks
The tiyfTradePlanFactory indicator
21 thanks
Building a Crypto Mining Rig
18 thanks
 
(login for full post details)
  #3 (permalink)
 xiniuwang100 
Sydney Australia
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: HSI(HangSeng Index Futures)
 
Posts: 7 since Feb 2016
Thanks: 0 given, 6 received


Toady's trading performance was pretty bad. Profit loss was over -200 ticks, market went very choppy today since it's close to key resistance area and bear force still watch for a better chance to trap all bulls.

Even Though the bad performance, finally I have understood something. When I walked with my wife this afternoon, I talked about today's market and my thinking about the market. I told her trading is not about price rising or falling, when price rising like a rocket or fall as a stone, it shouldn't bother you if your system doesn't generate a signal.

Market always try to deceive you, sorry I describe it as "deceive". Since most of the time, when market has medium to low volume after open hour, the market went up and down and trap me in countless times. Market counter partners always intent to trap as many as they can to rob you money, the only way to defend is to find their patterns to sneak in, and move out with toes ... I'd like to describe it as mosquitos suck your blood silently and escape without a notice.

I believe this is "Stage Two" of what many trading wizards said, "When you see a mountain, it's not a mountain, and when you see a river, it's not a river".

I put this in words as I would like to remember today as a milestone of my trading career. A long way ahead for my trading, my system is far from perfect and I still got millions of troubles of controlling my emotions when trading.

Started this thread Reply With Quote
The following user says Thank You to xiniuwang100 for this post:
 
(login for full post details)
  #4 (permalink)
 xiniuwang100 
Sydney Australia
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: HSI(HangSeng Index Futures)
 
Posts: 7 since Feb 2016
Thanks: 0 given, 6 received

I didn't follow my trading method today ... again.

My brain wasn't fast enough to process fast moving market, and I am good at the time when market slows down. I have removed breakout trades from my trading system, but I still have impulse to enter market when market rise/fall freely.

From hindsight, the trades were quite obvious, but my bad habit is to trade against the market ... so the result is obvious as well.
Market rose 150 ticks without resistance, but price was falling heavily yesterday, so I sell when a buy climax bar shows up

It turns out a trending pause ( I call the small trading range trend pause). The trade itself wasn't too bad, just trade against the trend, but I did it again when another climax bar showed up ... a vicious circle ...

Attached Thumbnails
Click image for larger version

Name:	M1.PNG
Views:	72
Size:	28.3 KB
ID:	214269   Click image for larger version

Name:	M5.PNG
Views:	62
Size:	11.3 KB
ID:	214270  
Started this thread Reply With Quote


futures io Trading Community Trading Journals > Johnson's Price Action Trading Journal


Last Updated on August 18, 2016


Upcoming Webinars and Events

NinjaTrader Indicator Challenge!

Ongoing

Journal Challenge w/$1,800 in prizes!

May 7

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@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