Velox FDAX Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


Velox FDAX Trading Journal
Updated: Views / Replies:385 / 10
Created: by veloxtrader Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

 
 3  
 
Thread Tools
 

Velox FDAX Trading Journal

 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received

Velox FDAX Trading Journal

Hello, I've been trading the for the past 2 years and the DAX for one year, I thought I would share my process and hopefully improve my trading by taking screenshots at the end of my trading session and recapping the day.

I have a couple of rules to follow:
1. Trade from 9:30 to 11:30 and 13:00 to 15:00 before the us open.
2. Look for 2-5 trades per day.
3. Use the 10 min time-frame, nothing shorter!
4. Place the stop where you are dead wrong on the direction of the market, if that is a lot of points away size the trade accordingly or pass on the trade!

Look forward to reviewing the day tomorrow!

Velox


Last edited by veloxtrader; July 2nd, 2019 at 10:02 AM.
The following user says Thank You to veloxtrader for this post:
 
 
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received

Decent read, poor execution


Today we opened right below yesterdays VPOC and rejected quickly, my bias was to short and i was looking towards the lower Weekly VWAP 2SD band as a potential target (Left chart is a 30 min, right 10 min).

Took two trades today,

the first was a bit impulsive and required quite a wide stop, I should have been more patient and waited for a pullback towards the daily VWAP to enter. Because of my entry I had to sit thru a lot of chop, which always makes me uncomfortable and made me reconsider my first scale out point. Once that was reached I was able to hold 1/3 of the position towards the intended target.

Entry:12509 Stop: 12524 Exit 1: 12504, Exit 2: 12495 Trade result:+8 Points. Should have been more if I didn't move my first target, or maybe just scale out 1/3 next time instead of 2/3?

The second was after the market continued to sell off, I was not interested in trying to find a bottom after we had the big gap on the 30 min chart, usually becomes an expensive habit This time I waited until price pull backed to Sen Kijun on the 10 min and the prior poke higher, because we where at the bottom of the range my stop and targets where quite a bit tighter, I was also aware that the morning session was ending. It got to my first target but I had a feeling I was late and it either needed to start breaking lower violently or it was going to bounce up, second scenario played out and i was stopped out on 1/3 at break even.

Entry: 12494 Stop:12505 Exit 1: 12485, Exit 2: 12495 Trade result:+3 Points.

My next post will be about scaling in/out and pyramiding and pressing winners, all things im struggeling with and not really sure what fits my personality/instrument etc.. If you have any questions about my charts or method feel free to ask! I think I need to talk about my strategy out loud to see if what I'm doing makes any sense (to me and to others)

Velox

Attached Thumbnails
Velox FDAX Trading Journal-2019-07-02_1608.png   Velox FDAX Trading Journal-2019-07-02_1619.png  
 
 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received

Scaling

I've tried different methods for trade management and scaling in spoke to me because I usually take some heat after a entry however what I found out when trying to do it live (sim was no problem) was that I hesitated to add to losers until they at least showed some sign of working, and also as a side effect I became really sloppy with my entries which was frustrating.

I have also tried all in scale out which is what I'm currently doing, first scaling out 1/2 of a position at a first target but I felt like it didn't fulfill my purpose of laying off risk so i tried scaling out 1/3 at some fixed amount (4points), this was a bit better but I didn't like the added decision making of having 3 scale out points instead of two. What I'm currently doing is scaling out 2/3 at the first target (+1.3R) and letting the market take me out on the other 1/3, this makes it so that if the market reaches my first scale out point and then revers to stop me out It's for a tiny loss or a tiny win, If the market decides to break I can trail my exit and wait for a signal that the trade is over (VPOC hit, 2SD band etc..) and if I'm lucky catch a trend for a big win, I can also add a 1/3 back in to press the trade I've never done this but I would like to bc it makes sense.

I by no means have a set method for this yet and I'm still experimenting so would be happy about some input!

Velox

The following user says Thank You to veloxtrader for this post:
 
 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received

+6points today and 3 trades, should have been more my read was correct we traded below the daily VWAP all day and the trend was down but I couldn't hold my trades thru the chop in the morning, in hindsight I would say they were just pullbacks in a trend but at the time all of the tests up felt like reversals and I was exhausted by 11:00.

This week has been strange mentally, made some money trading but have felt completely bored outside of the market hours, almost like all I want to do is to trade all the time. Every time I try and leave the screen I'm pulled back within an hour just to watch. I do have the discipline not to place boredom trades but once I am done for the day I feel completely empty, like now what? Can anyone relate to this? I'm a single 25 year old living in the middle of Stockholm city yet all I want to do is be in front of my charts, I try and do other stuff but quickly start thinking about trading again and my method and risk reward studies, when I go to bed all that is running around my mind is trading and different ideas. I think I might need to find a different passion outside of trading because I don't want to force trades that aren't present by just sitting here waiting from 8:00 22:30 when the US markets close.. Anyway hopefully someone can relate.

Peace
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Velox

The following user says Thank You to veloxtrader for this post:
 
 
Lenox, Ma
 
Trading Experience: Beginner
Platform: TOS
Favorite Futures: US Equities
 
Posts: 114 since Dec 2018
Thanks: 123 given, 245 received


veloxtrader View Post
I'm a single 25 year old living in the middle of Stockholm city yet all I want to do is be in front of my charts, I try and do other stuff but quickly start thinking about trading again and my method and risk reward studies, when I go to bed all that is running around my mind is trading and different ideas. I think I might need to find a different passion outside of trading because I don't want to force trades that aren't present by just sitting here waiting from 8:00 22:30 when the US markets close.. Anyway hopefully someone can relate.

Velox


I can absolutely relate. I tend to go all in and become completely absorbed when a challenge interests me. Iíve been this way since I was very young. My first interest was music, and guitar in particular. Next was exercise. Now, itís trading that consumes many of my waking hours.

While trading is my primary focus now, I believe balance is essential to well-being. I find it nice to limit my trading hours - Once my session is over, the computer goes off and I go about the rest of my day. I often come up with trading-related ideas while working my night job. I jot these ideas down and test them on the weekends and before my session begins. I find that I have my best ideas when Iím away from the chart rather than staring at it.

Cheers,
Zimmer



Sent using the futures.io mobile app

The following 2 users say Thank You to mtzimmer1 for this post:
 
 
Chicago
 
Trading Experience: Beginner
Favorite Futures: MES, MNQ
 
snax's Avatar
 
Posts: 449 since Feb 2019
Thanks: 1,260 given, 936 received


veloxtrader View Post
+6points today and 3 trades, should have been more my read was correct we traded below the daily VWAP all day and the trend was down but I couldn't hold my trades thru the chop in the morning, in hindsight I would say they were just pullbacks in a trend but at the time all of the tests up felt like reversals and I was exhausted by 11:00.

This week has been strange mentally, made some money trading but have felt completely bored outside of the market hours, almost like all I want to do is to trade all the time. Every time I try and leave the screen I'm pulled back within an hour just to watch. I do have the discipline not to place boredom trades but once I am done for the day I feel completely empty, like now what? Can anyone relate to this? I'm a single 25 year old living in the middle of Stockholm city yet all I want to do is be in front of my charts, I try and do other stuff but quickly start thinking about trading again and my method and risk reward studies, when I go to bed all that is running around my mind is trading and different ideas. I think I might need to find a different passion outside of trading because I don't want to force trades that aren't present by just sitting here waiting from 8:00 22:30 when the US markets close.. Anyway hopefully someone can relate.

Peace
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Velox

I can relate. I always want to be trading. I used to (and still do) enter some bad trades due mostly to time-constraints with work. I want to make the most of the trading session while I can and I often end up forcing myself to get into the market while I have the chance even if the setup is questionable. Then I get that empty feeling you referred to, when I have to stop. My happiest days are usually Fridays because I've usually tied up all the loose-ends for the week and I can work from home and trade, I don't have as much time-pressure and I can let the market develop and wait for better opportunities (though I still make many questionable trades ). Ideally we could just do this for a living but I'm not good enough yet

I wish you all the best on your journey @veloxtrader!


Last edited by snax; July 7th, 2019 at 11:02 PM. Reason: grammar
The following 2 users say Thank You to snax for this post:
 
 
Amsterdam
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FDAX
 
Posts: 2 since Sep 2015
Thanks: 6 given, 2 received

@ Veloxtrader

A few comments based on your posts

You talk about scaling in/out of positioning. Though i do not do that myself I was wondering why you do not scale in to winning positions. That's what i have seen good traders do.

Second i also can relate to being glued to the screen. We are like trading junkies. However, what i have been told and keep telling myself is that becoming a succesful traders is not about working long hours. it's about doing the right things. And being disciplined. And you can not be focusssed and concentrated for 8 hours in a row. So get away from the screen and take up some other interests indeed. Though it may feel a bit uncomfortable in the beginning... wait until you see it improve your trading skills and trading process.

Happy journey

The following user says Thank You to epalsma for this post:
 
 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received


mtzimmer1 View Post
I can absolutely relate. I tend to go all in and become completely absorbed when a challenge interests me. Iíve been this way since I was very young. My first interest was music, and guitar in particular. Next was exercise. Now, itís trading that consumes many of my waking hours.

While trading is my primary focus now, I believe balance is essential to well-being. I find it nice to limit my trading hours - Once my session is over, the computer goes off and I go about the rest of my day. I often come up with trading-related ideas while working my night job. I jot these ideas down and test them on the weekends and before my session begins. I find that I have my best ideas when Iím away from the chart rather than staring at it.

Cheers,
Zimmer



Sent using the futures.io mobile app

Hey Thanks Zimmer, yes that is exactly it, I too become obsessed and all my focus and attention atm is on trading, a couple of years ago it was video games ^^.

Yes having clearly defined session times might be a solution for me, perhaps I should limit myself to the morning session and if I still have a trade on in the afternoon come back to close it out or add to the existing trade.

Thanks for your reply!

The following 2 users say Thank You to veloxtrader for this post:
 
 
Stockholm, Sweden
 
Trading Experience: Beginner
Favorite Futures: FDAX, FGBL
 
veloxtrader's Avatar
 
Posts: 12 since Oct 2018
Thanks: 46 given, 11 received



snax View Post
I can relate. I always want to be trading. I used to (and still do) enter some bad trades due mostly to time-constraints with work. I want to make the most of the trading session while I can and I often end up forcing myself to get into the market while I have the chance even if the setup is questionable. Then I get that empty feeling you referred to, when I have to stop. My happiest days are usually Fridays because I've usually tied up all the loose-ends for the week and I can work from home and trade, I don't have as much time-pressure and I can let the market develop and wait for better opportunities (though I still make many questionable trades ). Ideally we could just do this for a living but I'm not good enough yet

I wish you all the best on your journey @veloxtrader!

Hey Snax thanks for your response! Nice to know people relate to this feeling ^^, and for me it is also leading to a bit of overtrading, I don't have time constraints from work but my thinking is similar to your's wanting to make the most out of a session, I might take a trade and the market doesn't move so I start thinking "well I'm a day trader so I better just close this out because nothing is happening" and thats inevitably when the market starts moving and I get back in and the cycle continues!

Writing my last post made me think about what I could do differently, I think If I had another goal or task to focus on during and after the market which was as challenging as trading but still separate, that would be great. I have no idea what that would be atm but will think about it, perhaps something related?

Velox

The following user says Thank You to veloxtrader for this post:

 



futures io > > > Velox FDAX Trading Journal
Thread Tools



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

Thanks for everything -- $250 in Amazon Gift Cards ready to give away

Right now
 

Journal in July -- over $2,500 in prizes w/NinjaTrader

July
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
FDAX/DAX/GER30 JOURNAL armchairtaikun Trading Journals 4 February 17th, 2017 08:55 PM
How is the slippage when trading FDAX live? tradingishard Emini and Emicro Index Futures Trading 11 February 22nd, 2016 11:02 AM
Trading FDAX live in a transparent fashion xelaar Elite Trading Journals 168 March 12th, 2015 06:40 AM
Webinar Trading Video: Birger Schšfermeier - Daytrading DAX / Fdax max-td Trading Reviews and Vendors 3 January 23rd, 2015 02:04 PM
Looking for trading buddies (FDAX and CL) vvhg Traders Hideout 9 December 10th, 2012 01:00 PM


Tags
atm, cfd, charts, dax, dow, fdax, futures, how to, instrument, journal, limit, living, loss, ma, market hours, people, pyramiding, reversals, reward, risk reward, scale in, scaling, short, signal, sim, sim_trading, size, strange, strategy, tapatalk, trade management, traded, trading, trading journal, trend, us markets, vpoc, vwap

All times are GMT -4. The time now is 03:53 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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