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TraderEX-CME-ES-Tradovate-one to three tic target.
All but three(3) trades went according to plan. The volume was sweet around 20,000(15-25k) per 5 minute candle. I let the three run wild which is always a bad move but I had enough money to ride it out. In the old days I would be back on demo by now, broke as a joke.
Need to look into the ones that got "away". I need to find a precursor like I did with entry. Must be something alike in the run away trains that gives a clue. No clue found then it is my error. Maybe just the draw of the cards buying the top or selling the bottom. Ever body gets a turn? We'll see.
So DD, $2375.00 before the fee monster. Biggest personal day ever and willing to stop before lunch is a good sign of discipline. Zero losing trades(21) as well. I showed poor discipline earlier.
More of the same. Thought it would be tamer but no. Sat too long yesterday and my back is shot. could push through but why?
$$625.00 in 6 trades and 30 contracts with longest trade at 37 seconds. I was momentarily in for 10 contracts. Have enough margin and double hit the market button. Ran one right out because 10 is waaaaayyyyyyyyy to many today.
Was my capital at risk today? Yes, can always turn real fast.
Ready for tomorrow unless sunny, it will be 63 degrees. nice day is off to the 4 wheel drive zone. probably last nice one. Just me and my best girl. not married yet so no fighting and plenty of $$$ you know what.
Everyone loves a winner unfortunately. I am as guilty as the next man.
Way ahead for the week and only Tuesday. Wish they would call me with a cancellation so I could sneak into surgery.
Not fortunate with my health. Working on a new algo for it.
I just wanted to say that your journal might be the most amazing trading thing I've ever seen. Your consistency and discipline are remarkable. I read the post where you described one of your trading scenarios and how you look to trade in general. I get it but I can't see it myself. It's great that you've been able to carve out a legitimate edge here! And you're really taking on the algo's and winning - there is maybe hope for humans after all!!!
Have you ever looked to try your momentum method in commodities? I believe those generally trend better...I guess liquidity might be an issue (?)
Thank you. The success is what it is. Hard to explain and certainly the best it has been. Because I see things in a different light, I have trouble showing others. My son's friend up at MIT took a few hours at my side and is breaking even after 2 months. Muscle memory has a lot do with it as a manual system and he is a gamer.
I only now see how enmeshed the VIX is to my parameter calculations. With a VIX being what it was when I started in 01/2014, basically historical lows. This is now 4 years into my training and and a better instinct trader. Between the model I've made and the "give me's" they provide, I'm able to step up my game a little and caught a breakout. I'm going to be cautiously super aggressive and follow what works.
To answer your question, it is purely about acceleration of existing high volume over here. ES is KING King. Hope you get to change your handle someday to neverneedacomeback kid. I remember those days in hole. No thanks.
Appreciate the comment-
EX
PS Being old and pretty sick I want to leave anything I can behind of value. My contribution to the world we live in. I've been a taker way too long. I'm thinking maybe the ES:VIX will be of some value to me and then of course, by others. They used to say "Don't touch that dial" for Batman in the 70's, so stay tuned.
First two trades were horrible calls but I use the my margin account and set of brass ones can take your move against me any day. Big brass ones took them both. Poor trades and winners feed the notion money makes money. I do realize that if the market spike against it could never return and my account - Hasta la vista baby. This is why I withdraw every time I can on Friday only leaving behind what I plan to lose as a max the next week. Maybe someday I will be trustworthy, aka disciplined and not subject to gambling thrills, until then, better safe than broken.
Rest were good trades and LOVING the average trade time. Actually all entry orders are 5 contracts with 3 tic profit. Caught 2 extra tics relating to super hi acceleration of existing already high speed. Happens every so often lately but not until the VIX busted over 15. They split up sometimes when super fast action is prevailing.
Again I just want to say that this is very inspiring, the whole thing. I also have some back and neck issues (stenosis), they are not yet severe enough for me to do surgery but it's in my future. Lifestyle adjustments have been made, mostly I've given up powerlifting.
Anyway, I'm still intrigued and happy about your trading method. It's not something you'd find in any trading course or manual.
I have tried trading ES and I gave up on it, I just don't get it. I tried trading with market profile, volume profile, support and resistance levels, all kinds of "levels" and I could not get consistency either in back testing or simulated trading. I now believe I have an edge trading mean reversion in equity indexes, though I leave the ES alone. I mainly trade NQ and RTY but also monitor YM (monitor because it's a lot like ES). I back tested and sim traded this and the back testing showed there is an edge. I made the edge work in sim trading so I signed up for a combine to maybe get funded. I'd rather do this at this point that trade my own capital. I also continue to work on CL, where I believe I have an edge trading with trend pull backs. Anyway, the journey continues for me - maybe I will get there one day.
I stopped visiting this site as I was focused on my own development and journaling was creating problems and not solving them. I'm glad I took the time to check in here and there and found your journal, it's amazing and inspiring! I wish you the best of luck.
The degeneration in my neck is such that I get pseudo migraines. Tread lightly my friend, advancing your situation in the slightest could be all it takes.
I'm not familiar with your methods but am satisfied with them as long as you are. I am curious about back testing in theory. I think that it tends to give false positives as well as false negatives but that is only my thoughts. I've never gone through the process.
As my model not appearing in the market place, it is based on human behavior. I noticed open interest one day and remembered seeing that same number many times. My pattern that i have tapped into is about greed and all the other things we are supposed to proud to be of. Lived on the dark side for many years. I understand negative attributes all too well.
I am also glad you peeked back. What good is sharing something good if no one reads it.
Thanks and go get'em. Crush, kill, destroy-bankrupt the enemy I say!!!!!
I wonder how we are doing in the journal contest. We don't win stuff like that, traders think we are "different" because we are not like them. (LOL).
Overnight was smaller than it has been so maybe around 1.35m in total volume today.
More of the same. Didn't go on any considerable ride and ave time remains historically low for my model. Working the VIX:ES relationship. It is definitely NOT linear and not purely exponential, so, algebraic once again is the answer. I'm starting to think that y=mx + b and a scatter gram can solve the mysteries of the ages and give me a decent toileting schedule.
Thursday and way, way over any forecasts I've tried to figure out. Just going with the flow and not being rigid in my thinking.
End of the month already has 6k in margin up from 4k last month. So 12/01 will start up to 8 contracts per trade. The nominal dollar swing will undoubtedly "excite" me beyond normal human emotion. Never getting past 5 per trade would not kill me. Important to remember.
Heading to Jones Beach with GENERALS, my Cocker Spaniel and trading partner.
I hope you don't mind me asking, but I'm curious on your development of your model. You mentioned algorithm in your first post but you trade manually (discretionary?)
How or what did you do to move from algorithm to manual trading? I assume you used your algorithm to test your theory and then did simulation trading until you proved your edge? This is something I am curious about as I have struggled (and probably will continue to struggle) with moving from theory to practical application in the markets.
For example, I believe that equities tend to mean revert. I don't have the programming chops to test this myself but I've seen data from what I believe is a reliable source that shows that equities are mean reverting. So I work to find a way to trade a futures index using mean reversion. As I don't have a way to program this and test it, I rely on setting up parameters then performing a historical test, manually. Of course, this is only good if I'm not fudging results and changing things. Next I trade this in a live, simulated environment until I have a large enough sample size and I can consistently execute my plan. Then I put it to work in the real market.
Anyway, any insight you would have on the process would be well appreciated!
