My ES Journal on Market Changes
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My ES Journal on Market Changes


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Created May 22nd 2019 by hen322
Updated August 12th 2019 by hen322
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My ES Journal on Market Changes

  #1 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received

My ES Journal on Market Changes

This journal will help me keep track of the market changes I notice, which will signal to me that I need to change my strategy. Refer to these books for the strategies I use.

Day Trading for a Living
Advanced day trading for a Living by Andrew Aziz
One Good Trade by Mike Bellafiore

LETS BEGIN....
Wednesday 5/22/19
I noticed that the market isn't respecting the vwap the past couple days. My scalping isn't working. I will start exiting my position if it goes 5 ticks against me, giving me more opportunities before reaching my daily drawdown limit.

The es has been trading sideways, instead of trending like it use to.
5min orb isn't working anymore. Same with vwap bounces. Planning to trade on sim tomorrow, practice strategy for sideways channels.

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  #3 (permalink)
CORONA
 
 
Posts: 3 since Mar 2019
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hen322 View Post
This journal will help me keep track of the market changes I notice, which will signal to me that I need to change my strategy. Refer to these books for the strategies I use.



Day Trading for a Living

Advanced day trading for a Living by Andrew Aziz

One Good Trade by Mike Bellafiore



LETS BEGIN....

Wednesday 5/22/19

I noticed that the market isn't respecting the vwap the past couple days. My scalping isn't working. I will start exiting my position if it goes 5 ticks against me, giving me more opportunities before reaching my daily drawdown limit.



The es has been trading sideways, instead of trending like it use to.

5min orb isn't working anymore. Same with vwap bounces. Planning to trade on sim tomorrow, practice strategy for sideways channels.

I've seen that as well, it has been imoacting how I trade as well. For those more experienced than I is this just a consolidation period?

I am seeing some good downward movement after hours, but who knows. Maybe the market needs a tweet to get moving.

Sent from my Pixel 2 using Tapatalk

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  #4 (permalink)
Boise, Idaho/USA
 
Trading Experience: Advanced
Platform: Ninja Trader 8
Broker/Data: IB, NinjaTrader Brokerage, Schwab
Favorite Futures: ES
 
Posts: 144 since Sep 2014
Thanks: 44 given, 260 received

What time frame are you using?
In the 2,000 tick chart world there have been clear part day trends.
I did not know you could trade with VWAP. I use it on my charts just like prior day close and overnight high and low but not to trigger trades. I would suggest you go to a more robust moving average with a better track record for trading, an EMA of around 20 or 21 factor. It is effective in the 2,000 tick world and is also very popular with the 5 minute crowd.

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  #5 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received


Zeke911 View Post
I've seen that as well, it has been imoacting how I trade as well. For those more experienced than I is this just a consolidation period?

I am seeing some good downward movement after hours, but who knows. Maybe the market needs a tweet to get moving.

Sent from my Pixel 2 using Tapatalk

I don't know if it's a consolidation period. Google "mean reversion trading". It might be that one that the ES is doing.

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  #6 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received


Trailer Guy View Post
What time frame are you using?
In the 2,000 tick chart world there have been clear part day trends.
I did not know you could trade with VWAP. I use it on my charts just like prior day close and overnight high and low but not to trigger trades. I would suggest you go to a more robust moving average with a better track record for trading, an EMA of around 20 or 21 factor. It is effective in the 2,000 tick world and is also very popular with the 5 minute crowd.

Thanks Trailer Guy, I'll look into that. I prefer to not hold trades overnight, so I only trade the first 2 hours of the open. I am using a 300 tick chart, and other charts for bigger time frames. I read the time and sales to trigger my trades. That's the way I like to do it.

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  #7 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received

Friday May 31, 2019

"I noticed that it still respects the vwap at the open, but later in the early morning, it might not. My 'Four add-on contract' strategy is still working, only at the open. I would have started trading with live account on Monday, but my sister is visiting for all of next week. That's my vacation. I will have to keep on demo account to get feel of market, once I begin again."

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  #8 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received

Wednesday June 13, 2019

"Vwap trades are working at the open. No orb breakouts are working. After the 1st half hour, channel scalping has been good to add on a little more profit."

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  #9 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received

6/23/2019 Sunday

"The week 10-14 was a good week of trading for me. The week 17-21 was a bad week. In the good week, my mind was saying 'let's see what the market will give me, enter, and manage the trade well.'. In the bad week, my mind was saying 'time to make some money.'. I re-organized my charts and indicators. I'll still use the game plan I mentioned two weds ago."

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  #10 (permalink)
San Francisco CA
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS, Jigsaw
Broker/Data: Dorman Trading
Favorite Futures: Emini ES, Micro ES, ZN, ZB, ZF
 
hen322's Avatar
 
Posts: 80 since Apr 2019
Thanks: 126 given, 156 received


Friday July 5, 2019

"I've noticed that the market has been moving in a steady trend after a vwap bounce in the morning. I will be focusing more on steady trend trades, but still look for scalping opportunities in my tick chart."

"today, economic report was good, which gave fear to the market worrying that the fed might not lower interest rates now. I cannot remember any catalysts last wednesday, and my bias was down because I thought many would take profits before the July 4th weekend, but I was wrong, and it made another new high, and got higher at the the end of day."

"opening drive plays and orb strategies will be put to the side for now."

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