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Feb 2019 Trading Journal - BougieNT8
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Feb 2019 Trading Journal - BougieNT8

  #11 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

Start of a new week - With Renko charts.

Sunday Feb 10

Spent most of the day going through the stuff about Renko charts, as well as going through this website after deciding to go Elite. Mostly going through some trade journal threads .. very interesting and inspiring.
Open NT at about 6:10 pm just after the open of the Globex session. Pivots look all messed up I think because they are supposed to update at midnight (Need to check into that). Also I need to see if the standard NT pivots or indicator allow for plotting automatically the mid point pivots I.e between S1 & S2, S2 & S3 etc.
Looked at ES, and it was not doing much. Decided to venture over to CL .. what an adventure and rush that ended up being.

Trades:
Trade 1) 6:11pm went short 1 cl contract on a T2/slingshot trigger(%K hook on scholastics), and bounce off the 34 ema going down. Winner + 5 tick

At around 6:40pm, I did not take a Short trade because of strong divergence, so I thought the market might make a bigger retracement to the larger ema’s such as the 89. The market did drop so I missed a good run.

Trade 2) 7:11pm, basically same trade as above. Stop out – 4 ticks

Trade 3&4) 7:25pm went short 1 cl contract, had a small retrace double top. Second trigger so I added a contract. So short 2 CL contracts. My strategy was to exit the 1st contract at +5, and let the 2nd contract be a runner. Ended up closing the 1st at +6 ticks (fast market so positive slippage), and then I ended up closing also at + 6 ticks. Winner + 12tick

Trade 5) Somehow I fat fingered something as I was closing the 2nd contract above, made everything flat and ended up – 1 tick ??? something strange happened here.
Up to this point, I was doing very well at about $125 net up on the day. But CL was still in a nice downtrend, so I figure I can keep pushing for a $200- 300+ daily target. I should have probably quit while I was ahead however, I think it’s good to learn.

Trade 6) (marked #5 on file CL_Feb10_1) . This is a difficult rule, however since I had double divergence on both the entry and anchor chart, normally I should not have taken this trade because the price was likely to make a larger retracement (ie counter-trend). That’s what happened so I was stopped for – 7 ticks

Trade 7) Took another short as this was a high probability that the trend downward was going to continue. Stopped and within a split second the price ran about + 20 ticks. Too fast, not tradable. – 7 ticks.

Trade 8) Choppy zone barb wire. Move my SL to Break even – 1. Stopped at -1 ticks

9) Stop out – 7 ticks / 10) Stop out at BE 0 ticks / 11) Stop out at BE – 2 , - 2 ticks.

Report Card:
The Good: Renko charts look fantastic compared to tick.
The Bad: WOW. I forget how quick CL could be. I had a standing target limit order way out as on tick charts, I usually have a chance to pick up bigger moves when a whole bunch of orders come through really quickly. On Renko, it goes moves in one direction and immediately reverses to my stop out. This happened several times. Next time use a 8-10 tick target order and finger on the market order button. Also I did not use the whole numbers, and the 0.20’s & 0.80’s as pivots or magnets, which is the case on CL.
The Ugly: Nothing really. Except going from $120 green to $86 red.

RESULTS :
Total 11 trades; 4 winners, 7 losers
Daily results after commissions = $86.32

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-cl_feb10_1.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb10_2.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb10th_-.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb10th_ticks.jpg   Feb 2019 Trading Journal - BougieNT8-feb10_calendar.jpg  
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The following 2 users say Thank You to BougieNT8 for this post:
 
  #12 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

Painful chop

Monday Feb 11

Open platform around 6:30 pm just after getting home from work. At first glance both ES & CL seem to be rolling over but ES is slow, seems CL is making a move.

Trade 1) 6:47pm went short 1 cl contract, stopped for a Loser + 7 tick
Trades 2, 3, 4) 3 Small consecutive winners for 9 ticks total.
Trade 5, 6) Not sure what happened, maybe fat finger mistake. Supposed to be 1 c, instead 2 c. Stopped for Loser -12 tick
Trade 7) scratch Winner + 1 tick
Trade 8) Loser – 7 ticks
Trade 9) 2 contracts .. Winner + 11 ticks.
Trade 10, 11) 2 Contracts .. 2 consecutive losers for -15 ticks & - 17 ticks respectively. These were revenge trades trying to make up for my loses.


The good: nada. 0
The Bad: I’m being chopped up. I need to know when to SOH (sit on hands) during the chop. Currently getting whipsawed because there is no “sweet spot” trend.
The Ugly: Started 2 trade 2 contracts to try to recover losses however it completely breaks my rule. I will make sure I have a print out of my rules and read then prior to trading. Was slightly green, ended up red.

CONCLUSION: Next two days I have 5 hours of trading coaching and will only make it back home around 9-9:30 pm. The plan is: “ONLY TRADE IF IN A NICE TREND”. And read rules prior to opening up NT8.

RESULTS : Total 14 trades; 6 winners, 8 losers
Daily results after commissions = $ - 331.32

:yield:

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-cl_feb11_1.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb11_2.jpg   Feb 2019 Trading Journal - BougieNT8-journal_feb11.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb11_-.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb11_ticks.jpg  
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  #13 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

lots of red


The trade journal and charts are attached. This is from my laptop and somehow does not include commissions on SIM so I manually add that to the 190 loss. commissions on 14 trades x $4.50/trade = 63. - $190 + (-63) = -248

Summary :

14 trades : 5 winners , 1 BE, 7 losses
Net Results : - $248

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-journal_feb12.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb12_1.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb12_2.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb12_3.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb12_ticks.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb12_-.jpg  
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  #14 (permalink)
Market Wizard
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,831 since Jun 2009
Thanks: 780 given, 7,424 received
Forum Reputation: Legendary


BougieNT8 View Post
The trade journal and charts are attached. This is from my laptop and somehow does not include commissions on SIM ....

ninja video to add commission https://www.youtube.com/watch?v=aUvIOmkJpW0
step 1) Disconnect data feed first, control>commissions>add to add new commission template
step 2) apply the new template to the account you want

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-commission.png   Feb 2019 Trading Journal - BougieNT8-commission2.png  
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The following user says Thank You to cory for this post:
 
  #15 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received


cory View Post
ninja video to add commission https://www.youtube.com/watch?v=aUvIOmkJpW0

step 1) Disconnect data feed first, control>commissions>add to add new commission template

step 2) apply the new template to the account you want



Thanks Cory,

I will give that a try. Currently I have NT8 on a desktop where commissions are applied to my SIM account, however not to my live Acct. Then on my laptop, I can also access my live acct properly, however my SIM accounts to not match or sync in addition to the commission issue noted.

I will try to apply commission template to both SIM & live accounts on both my desktop & laptop as well as figure out if I can have my SIM accounts on both computers be in sync. That would also make the acct standing, trade performance and journals much easier to manage.

Thanks again.



Sent using the futures.io mobile app

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  #16 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

Wed Feb 13th

Jounaling daily, however had not had a chance to update this thread.


Wednesday Feb 13th

Got back home late around 9:30pm after work, and after a trading coaching seminar. Open up my platform around 9:50pm, having a look primarily at ES & CL as usual. ES looks in a sideways channel close to a breakdown.

1) 10:00pm ES Short 1 contract ; breakdown of support after some sideways chop. Stop out for -6 tick loss.
2) 10:06pm CL market turn down and retracement to the 34ema. CL Short 1 contract on T2/34B trigger ; Stop out for a – 7 ticks looser
3) 10:20pm CL retracement continues to larger ema (89ema), short 1 CL contract on 2 red candle in trend direction ; Stop out - 7 ticks
4) 10:53 CL Trend continuation trade to the long side 2 contracts long. Good for + 2 ticks

The Good: nada
The Bad: Did not wait for proper trend and high probability trades. Fear of missing out ??
The Ugly: I was busy until almost 10pm, waking up at 5:30am. Basically should not trade after working so long.

RESULTS : Total 5 trades; 2 small winners / scratch, 3 losers.
Daily results after commissions = - $180

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-cl_feb13_1.jpg   Feb 2019 Trading Journal - BougieNT8-es_feb13_1.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb13_-.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb13_ticks.jpg  
Attached Files
Register to download File Type: docx Journal Feb13.docx (13.0 KB, 0 views)
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  #17 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

Thurs Feb 14th

First of ALL, I am burning the candle at both ends and I had all good intentions of picking up wife a card or chocolates for Valentine's day. Completely forgot .. sorry hun


Thursday Feb 14th

Got home 6:30pm after work, This time I make sure to go through my pre trading routing. Some affirmations, some push-ups, deep breathing and visualization dream pics.
As usual open up my platform to look at ES & CL. ES looks like a better trend so I start there.

1) ES Short 1 contract ; larger target would be S2 pivot, intermediate target 8-10 ticks. Winner at + 12 ticks
2) ES Short 1 contract ; same as above, except go for at least 5 ticks ; Winner at + 6 ticks
3) ES Short again, this time Stop out Looser at – 6 ticks. Good trade, followed my rules.
4) ES Short, went to + 4 ticks so I trail my stop to BE -2. Continue to trial stop to BE + 1, Stopped at + 1 tick.
5) ES Short, nice trigger but went against me, loser at – 7 ticks
6) CL T2 / 34B trigger , Winner at + 5 ticks
7) CL several candle retrace and trend continuation. However sold into LT support which bounce and stopped me out. Stop Loss was TOO BIG. Loser at - 10 ticks
8) ES Great Short , Winner at + 11 Tick
9) CL Nice short scalp, Winner at + 4 ticks
----- Market is slowing down at this time ----
10-11) ES .. 2 stop outs in a row. Sideways chop. Was looking for a breakdown / trend continuation that never happened.
Looser at – 4 ticks / Looser at -4 ticks

The Good: Entered some trades on 3rd candle closes so less fake-outs.
The Bad: Exit too quickly. Did not wait for 1st reversal candle so I missed some runner. Consider using a ATM strategy. Trade #2 could have let it go to S2 as planned or first reversal so left money on the table.
The Ugly: I was up 200+ on the day (daily target) but kept trading. I ended up going down to 0, back to about 180, and ended up at 80

RESULTS : Total 11 trades; 6 winners, 5 losers.
Net Daily Results (after commissions) = + $80

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-cl_feb14_1.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb14_2.jpg   Feb 2019 Trading Journal - BougieNT8-es_feb14_1.jpg   Feb 2019 Trading Journal - BougieNT8-es_feb14_2.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb14_-.jpg  
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  #18 (permalink)
Elite Member
Toronto Ontario Canada
 
Trading Experience: Intermediate
Platform: ES-NinjaTrader8, TOS
Broker/Data: GFF
Favorite Futures: ES CL
 
BougieNT8's Avatar
 
Posts: 30 since May 2017
Thanks: 23 given, 15 received

Friday Feb 15th - early morning session

Friday Feb 15th

Woke up at 4:30 am to look at the end of the London session. Usually I have not done this but this is my only opportunity to trade on Friday’s as there is no Asian globex session on Friday.

1) 4:51 am ES T2 trigger, 1 contract long, target 8-10 ticks based on chart. Looser at -6 ticks. Ran to 8-10 ticks after taking my stop.
2) 5:11am CL 2B ema bounce on 2 timeframes. Moved positive, trail SL to BE – 2 ticks. Stopped out for a looser at -3 ticks
3) 5:28am ES 2B ema bounce , winner at + 6 ticks . Took my position off after reversal ticks. However this thing ran from 2738 to 2747 9 pts ( 36 ticks).

TIRED!
The good nada.
The Bad exit to early .. this is a repeat issue. In future with 2 or more contracts, I will leave some for runners. Difficult to manage with only 1 contract for now.
The ugly Tired. Not sure if I can trade this session. Probably best to stay with Globex Asian session from about 6pm to 9-10pm.

RESULTS
3 trades ; 2 losers & 1 winner.
Net results (after commissions) = - $ 34


Basically similar result as previous week. Decent money management however not consistently profitable yet.
Weekly recap and reflection to follow

Attached Thumbnails
Feb 2019 Trading Journal - BougieNT8-cl_feb15_1.jpg   Feb 2019 Trading Journal - BougieNT8-cl_feb15_2.jpg   Feb 2019 Trading Journal - BougieNT8-es.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb15_-.jpg   Feb 2019 Trading Journal - BougieNT8-tp_feb15_ticks.jpg  
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