My ES Journal on Market Changes - futures io
futures io futures trading



My ES Journal on Market Changes


Discussion in Trading Journals

Updated by hen322
      Top Posters
    1. looks_one hen322 with 10 posts (4 thanks)
    2. looks_two matthew28 with 1 posts (0 thanks)
    3. looks_3 Zeke911 with 1 posts (0 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 1,202 views
    2. thumb_up 4 thanks given
    3. group 4 followers
    1. forum 13 replies
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

My ES Journal on Market Changes

(login for full post details)
  #1 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 received

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.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to hen322 for this post:

Can you help answer these questions
from other members on futures io?
IB Bracker Order
Platforms and Indicators
Platforms, brokers and data feeds
Traders Hideout
help to convert from thinkscript to ninjascript
NinjaTrader
Horizontal Line Indicator
Platforms and Indicators
Stacked Imbalances.
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Fundamental question on index trading
21 thanks
Excited and scared at the same time
13 thanks
Advice for best # of Ticks to set charts to for MES or MNQ ?
11 thanks
Is Orderflow An Outdated Concept?
11 thanks
financial transaction tax
9 thanks
 
(login for full post details)
  #3 (permalink)
CORONA
 
 
Posts: 3 since Mar 2019
Thanks: 0 given, 0 received



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

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Boise, Idaho/USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
 
Posts: 164 since Sep 2014
Thanks: 53 given, 296 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.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #6 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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."

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #8 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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."

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to hen322 for this post:
 
(login for full post details)
  #9 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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."

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Micro ES, ZN
 
hen322's Avatar
 
Posts: 131 since Apr 2019
Thanks: 164 given, 241 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."

Attached Thumbnails
Click image for larger version

Name:	renko1.jpeg
Views:	68
Size:	697.2 KB
ID:	267553   Click image for larger version

Name:	renko2.jpeg
Views:	64
Size:	596.1 KB
ID:	267554  
Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > My ES Journal on Market Changes


August 12, 2019


Upcoming Webinars and Events
 

Dealing with burnout w/Linda Bradford Raschke

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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