Safin's Trading Journal - futures io
futures io



Safin's Trading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one safin with 259 posts (329 thanks)
    2. looks_two Big Mike with 29 posts (26 thanks)
    3. looks_3 Jeff Castille with 22 posts (22 thanks)
    4. looks_4 Fat Tails with 9 posts (16 thanks)
      Best Posters
    1. looks_one Fat Tails with 1.8 thanks per post
    2. looks_two safin with 1.3 thanks per post
    3. looks_3 Jeff Castille with 1 thanks per post
    4. looks_4 Big Mike with 0.9 thanks per post
    1. trending_up 47,057 views
    2. thumb_up 422 thanks given
    3. group 16 followers
    1. forum 352 posts
    2. attach_file 382 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

Safin's Trading Journal

(login for full post details)
  #121 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

Sep-7
-------

Ok, so I have decided to do live trading today. Unfortunately losing day. But good test of my patience.

Total profit : -100$ (1 trade, my setup, live account)
I was very excited in morning. Looking for good entries. I saw a nice setup around 10.20am. Support line at 72.84. CL touched this price two times in early morning and it touched this price again around 10am. I entered short at 72.82. This was my first trade, so I decided to go with just 1 target of 7 ticks and stop of 10 ticks. I don't know what happened, this was a strong setup. CL took my order, moved 1 tick and came back to hit my stop. After that it started drawing zig zag narrow ranges. So I decided to stay away from trading for the day. There were few good moves by CL, but all unpredictable for me. So better to stay away from live trading. I did one trade on SIM, and ofcourse that was a winner. On 15 mins chart, there were coulple of inside bars but all unaffordable to me.

I will try again tomorrow to see if I can get a profitable trade on live account. Any advise before going to live trading is welcome. Have a good day.

Attached Thumbnails
Click image for larger version

Name:	CL 5 mins.png
Views:	163
Size:	69.4 KB
ID:	19851   Click image for larger version

Name:	CL 15 mins.png
Views:	158
Size:	45.5 KB
ID:	19852  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to safin for this post:

Can you help answer these questions
from other members on futures io?
NT8 - Footprint Chart adding on code
NinjaTrader
Moving Average Price Scan
ThinkOrSwim
Move SL or TP with pointer and keys
NinjaTrader
new kid on the block
The Elite Circle
Order Flow Volume Profile POC parameters in Ninjatrder
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
12 thanks
Cycle Analysis... a way of looking at price action.
8 thanks
Want your NinjaTrader indicator created, free?
7 thanks
Basic Education for Beginner Trader
7 thanks
How bad is NT lag?
4 thanks
 
(login for full post details)
  #122 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,182 since Jun 2009
Thanks: 32,681 given, 99,579 received


safin View Post
Any advise before going to live trading is welcome.

I believe you've demonstrated you have an edge, the focus of live vs sim needs to be all on execution --- your live trades need to closely resemble/mimic your sim trades. Any time they do not, you must learn from it, you must institute corrective action, you must resolve the discrepancy of live vs. sim. Do this, and you will be on your way.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #123 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received



Big Mike View Post
I believe you've demonstrated you have an edge, the focus of live vs sim needs to be all on execution --- your live trades need to closely resemble/mimic your sim trades. Any time they do not, you must learn from it, you must institute correction action, you must resolve the discrepancy of live vs. sim. Do this, and you will be on your way.

Mike

Thank you mike. Point noted. I hope I will overcome my nervousness and continue normal trading.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to safin for this post:
 
(login for full post details)
  #124 (permalink)
 jagui 
Italy - Roma
 
Experience: Intermediate
Platform: Ninja + proprietary
Broker: IB
Trading: Index futures, Forex, Stocks
 
jagui's Avatar
 
Posts: 200 since Jul 2010
Thanks: 280 given, 287 received


safin View Post
Total profit : -100$ (1 trade, my setup, live account)
I was very excited in morning. Looking for good entries. I saw a nice setup around 10.20am. Support line at 72.84. CL touched this price two times in early morning and it touched this price again around 10am. I entered short at 72.82. This was my first trade, so I decided to go with just 1 target of 7 ticks and stop of 10 ticks.


I admit I did not read the entire thread, so I don't know where your edge is, but the first thing I thinked looking at this trade was "this stop is too tigth, it is even inside the same 5min bar of the entry".
Where this stop came from? Was it a meaningful price level?

Reply With Quote
The following user says Thank You to jagui for this post:
 
(login for full post details)
  #125 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received


jagui View Post
I admit I did not read the entire thread, so I don't know where your edge is, but the first thing I thinked looking at this trade was "this stop is too tigth, it is even inside the same 5min bar of the entry".
Where this stop came from? Was it a meaningful price level?

Hi Jagui,

Thanks for your feedback. I know lot of CL traders think 10 ticks stop is very small. But it has been working for me since I started my thread. My method is looking for desperate s/r breakouts, where usually there is no looking back from CL if my analysis is right. I do lose occasionally when I couldn't find proper s/r levels or else when I try to trade during news time. Still not 100% method, but it does the job for me. I hope I will keep the same method for live trades as well. Ofcourse there are lot of emotions with live trading, and it's hard to keep up with the plan.

Thank you for dropping by.

Shabdar

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #126 (permalink)
PiCoTrader
Montreal
 
 
Posts: 40 since Mar 2010
Thanks: 149 given, 48 received

Bonjour Safin,

I thought everybody trading in the skype trade room was trading live.

So now Live you will learn a lot about why you did not enter but would have easily entered Sim.

We can practice our strategy forever but Live Trading and melting portfolio makes us hesitate a lot before pulling the trigger.
That's why I end up not trading my best setups. I hesitate too much and for too long then the trade is gone and I have to wait for another opportunity where I will ask myself again 'would I enter on the right side of the market?' hesitating too much again and missing another trade and so on...lol

I don't question myself that much on the replay at night and should trade Live at the same opportunities. I'm working on it!

I give you the right to doubt, hesitate and keep your money this week. The hesitation curse is on you now but we will make it some day, we have to!


Safin this is the Rosh Hashana Jewish holiday starting today ' happy Rosh Hashana to every one concerned'.
The market is led by the Jewish community so don't expect market behavior to be consistent or strong this week but expect your trades to be winners anyway ;-)

Reply With Quote
 
(login for full post details)
  #127 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received


PiCoTrader View Post
Bonjour Safin,

I thought everybody trading in the skype trade room was trading live.

So now Live you will learn a lot about why you did not enter but would have easily entered Sim.

We can practice our strategy forever but Live Trading and melting portfolio makes us hesitate a lot before pulling the trigger.
That's why I end up not trading my best setups. I hesitate too much and for too long then the trade is gone and I have to wait for another opportunity where I will ask myself again 'would I enter on the right side of the market?' hesitating too much again and missing another trade and so on...lol

I don't question myself that much on the replay at night and should trade Live at the same opportunities. I'm working on it!

I give you the right to doubt, hesitate and keep your money this week. The hesitation curse is on you now but we will make it some day, we have to!


Safin this is the Rosh Hashana Jewish holiday starting today ' happy Rosh Hashana to every one concerned'.
The market is led by the Jewish community so don't expect market behavior to be consistent or strong this week but expect your trades to be winners anyway ;-)

Thanks Pico for dropping by and sharing your experience with Live trades. You're right, it's lot hard to pull triggers when your hard earned money is on bet. Let's see how it goes. Yes I am hesitating a lot.

I did mentioned about my Sim trading for couple of weeks or months in my first post. May be I should have mentioned it in Chat room as well.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #128 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

Sep-8
--------

No trades today. CL was ranging enough to confuse me. There were 1-2 chances to enter, but I didn't go for it because of low probability trades. Check out charts for more details. No IBs/OBs for me today.

Attached Thumbnails
Click image for larger version

Name:	CL 5 mins.png
Views:	149
Size:	184.5 KB
ID:	19915   Click image for larger version

Name:	CL 15 mins.png
Views:	154
Size:	119.5 KB
ID:	19916  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #129 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

Sep-9
-------

Total Profit : 0$ (1 trade, my setup)
E-mini's contact expiration day plus Jewish holiday. Market was very steep in morning. I saw a nice setup at 10.20am. Support line at 75.50. CL touched this price couple of times. Very strong setup. So I shorted at 75.49 with 7 ticks target, 10 ticks stop. CL moved 3 ticks and started going in negative territory. I waited for 2 minutes. It was a false breakout. Exited at break-even as soon as I could.

After this setup Natural Gas Storage news at 10.30am and Oil inventory report at 11am. So I decided to stay away.

At lunch time, when I was away, CL suddenly jumped in down direction. There was one small opportunity to short there after a small pullback, but I guess I wouldn't have taken it because of lunch time.

Attached Thumbnails
Click image for larger version

Name:	CL 5 mins.png
Views:	164
Size:	78.9 KB
ID:	19960   Click image for larger version

Name:	CL 15 mins.png
Views:	125
Size:	41.2 KB
ID:	19961  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to safin for this post:
 
(login for full post details)
  #130 (permalink)
 safin 
London, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received


10-Sep
---------

No trades today. I was away for some personal work. Next week should be a good one I guess. Lot of choppiness in market this week. Not so many good opportunities.

Have a good weekend everyone.

Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > Safin's Trading Journal


Last Updated on March 30, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 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