NexusFi: Find Your Edge


Home Menu

 





ES intraday 'swing' trader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one DaxyMcDaxFace with 333 posts (171 thanks)
    2. looks_two Paddy with 101 posts (38 thanks)
    3. looks_3 FGBLTrader with 35 posts (22 thanks)
    4. looks_4 Zefi with 18 posts (20 thanks)
      Best Posters
    1. looks_one Zefi with 1.1 thanks per post
    2. looks_two FGBLTrader with 0.6 thanks per post
    3. looks_3 DaxyMcDaxFace with 0.5 thanks per post
    4. looks_4 Paddy with 0.4 thanks per post
    1. trending_up 61,756 views
    2. thumb_up 274 thanks given
    3. group 31 followers
    1. forum 501 posts
    2. attach_file 119 attachments




 
Search this Thread

ES intraday 'swing' trader

  #11 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444

Gm all

I have other work commitments today so will not be looking at screen so much but will post some levels of interest later.

I have long bias in ES and CL. HTF CL looks like could push into $50 area, so will look for positional trade setup.

Have a good day.


Sent using the NexusFi mobile app

Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #12 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444

Target is 47.05

Then look for longs - trend continuation, depending on PA.

Will post chart later.

Started this thread Reply With Quote
Thanked by:
  #13 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444



DaxyMcDaxFace View Post
Target is 47.05

Then look for longs - trend continuation, depending on PA.

Will post chart later.

my stop is .92 so rr ~1:2.

Not looking good.

Edit: stopped @.92 -30t

Started this thread Reply With Quote
Thanked by:
  #14 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444

Hi

This is my daily sheet. I will try to get this behaviour/actions as intuitive through rinse/repeat process as quickly as possible, so hopefully wont need it after a while.



As mentioned in opening post, the bottom section was bastardised from @wldman version, link on post #1. Its still WIP, as it seems is everything else!

Have a good day.

Started this thread Reply With Quote
Thanked by:
  #15 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444

Heres a cpl of ES charts in prep for today. Bias is long so will be looking for pullbacks into support/confluence levels.

P&F ('ATH' - i am using this abbrev as all trading hours apols if confuse with All time high).
-some key areas of support marked



Price just bounced off that 2196 level. Confluence at 2192 with weekly vwap.

And 30min chart:



Confluence at 2184-87 levels.

Good luck.

Started this thread Reply With Quote
  #16 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491

for a step in the right direction. May I comment in a way that shares my perspective on this? Dan


DaxyMcDaxFace View Post
Hi

This is my daily sheet. I will try to get this behaviour/actions as intuitive through rinse/repeat process as quickly as possible, so hopefully wont need it after a while.



As mentioned in opening post, the bottom section was bastardised from @wldman version, link on post #1. Its still WIP, as it seems is everything else!

Have a good day.


Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #17 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444


wldman View Post
for a step in the right direction. May I comment in a way that shares my perspective on this? Dan

please do comment Dan, I need as much help as possible!

Started this thread Reply With Quote
  #18 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491

better to ask than to lay stuff out and piss someone off for no benefit.

Just from the metric it is hard to tell what specific rules or trade set up "scoring" you have in place. There should be specific criteria. It could be a confluence of non-colinear technical indicators with a specific trade trigger. When looking for short term directional moves based on technical analysis the more defined the better...mostly because it allows for a better review after the trade is closed. This lets you adjust based on data, not "feelings". So it seems like you have made a checklist of elements that you need to see?

On the part taken from my example you changed kill losers when they are small to kill losers when they are wrong. Do NOT give yourself that kind of latitude to judge losers, they are losers, you must kill them when they are little. Quantify a specific amount. I have seen guys in the beginning of their attempt to screen trade short term price moves kill trades at as few as two or three ticks. That might be too tight especially for ES, but I would encourage you to kill the loser little. "wrong" is subjective, frankly at this stage for you subjectivity is probably an enemy.

Look, I get it that markets are different on different days. Volatility and volume and news etc.. Perhaps then make a loss protection rule based on some factor of the last (x) period average true range. This method was, I believe, one of the original "Turtle" rules and it takes conditions into effect...but it does it arithmetically and assigns a value. When you advance and become sophisticated in your approach you can build a statistical model. Of course that guarantees nothing, but it allows you to be "evidence based" in your approach to entries and exits. In my opinion you want objectivity to rule the day. Ultimately you should be taking setups where a very high percentage of the time price goes X in your favor before it goes y against you. IMO, at a minimum this should be 3:1. Down the road, you can learn how to press the hell out of winners to allow huge gains, essentially with "house money". If you could turn a one lot into a five lot and have say ten ticks already booked with a net open stop to book another ten ticks...I mean you'd do that till your balls fell off, right? So it is essential to have an eye for the longer term. Right now I think you help yourself if losers are maybe often and small but winners are encouraged and nurtured.

Hope that helps...I don't want to bomb your thread.

Visit my NexusFi Trade Journal Reply With Quote
  #19 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444


wldman View Post
better to ask than to lay stuff out and piss someone off for no benefit..............

thanks for spending time posting - will answer in full later, bit busy next couple of hours.

Started this thread Reply With Quote
Thanked by:
  #20 (permalink)
 DaxyMcDaxFace 
London
 
Experience: Intermediate
Platform: Sierra Charts
Broker: CQG
Trading: ES, CL
Posts: 578 since May 2016
Thanks Given: 1,066
Thanks Received: 444


..long 2 lots...will post detailed reasons/charts later.

lots of confluence, tick div, vol came back in etc.

happy to add 1 more @ 2191.

Started this thread Reply With Quote




Last Updated on October 2, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts