shodson's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


shodson's Trading Journal
Updated: Views / Replies:97,595 / 761
Created: by shodson Attachments:947

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 90,000 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

Reply
 947  
 
Thread Tools Search this Thread
 

shodson's Trading Journal

  #461 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received

Good way to start the weekend

Friday, November 19th - No gap trades, but there were strong first-hour setups in ES and TF, but just took ES for a 4.5pt winner. TF also worked out, blowing through it's first-hour highs. Looking at my performance this helped me end up flat on the week.

ES: +18 ticks

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

Reply With Quote
The following user says Thank You to shodson for this post:
 
  #462 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received

Expecting cunparis

Inspired by a blog post from @cunparis I added expectancy and other metrics to my trading performance spreadsheet over the weekend. I also had to ramp up my Excel function programming foo in order to pull some of this off.

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

Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #463 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received


Monday, November 22nd - Upset with myself because I set up my gap fading strat incorrectly last night, which kept me out of a 34 tick TF winner, Grr.

I did, however, pick up a nice low breakout of the first hour on ES. I tried to limit in on YM also on the same setup but my entry was too greedy and it hit the target without me. I guess I was fearful of taking a trade on two instruments at the same time, instead of risking 40 YM ticks to make 40YM ticks, I tried to limit in to only risk 20 and make 60, but it didn't pull back that far. YM and ES aren't as volatile as TF so I was fearing that if it wasn't going to work out I didn't want to take two full-size losses.

So 1 out of 3 possible winners for the day. I'm thankful I was able to pull some money out of the market.

ES: +17 ticks

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

Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #464 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received

Bummer

Tuesday, November 23rd - It just didn't work

TF: -30 ticks
YM: -28 ticks

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

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

Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #465 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

Will you trade Wed 24th or no due to holiday? Same question for Fri 26th.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #466 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received

Avoided a repeat of yesterday, following my plan paid off

Wednesday, November 24th - We had very large gaps up that were not tradeable.

We had good first-hour setups in 3 instruments, but I gotta tell you it was hard to get long between R2 and R3. I was still stinging from yesterday's loss getting short after such a large down move. However, I decided that if I hadn't followed my plan when it felt wrong that I would really hate myself if it was a winning trade that I missed out on, and that if it was a loser I would be less upset with myself, but still would not be happy. In the end I went long TF on a pullback. I also got long YM on a deeper pullback, lowering my risk and improving my entry. ES looked good too but I stayed way, not wanting to risk 3 trades on the same setup. TF hit its target and YM closed at the end of the day for a small win. ES would also have been a partial end-of-day 3.00pt winner too.

I will not be trading Thursday or Friday, so Happy Thanksgiving to my friends in the USA, and we'll see you next week!

TF: +27 ticks
YM: +12 ticks

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


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

Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #467 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received

Some backtesting

Just playing with price action patterns and volume. Looking at gravestone and dragonfly dojis, particularly with range charts. I think these are interesting candles on range charts because to me they represent major rejection in one direction or another, especially when you get large volume (beyond 2 StdDevs).

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


Add a good risk/reward ratio, trade only during the best times, don't chase (limit in), and, well...

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

Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #468 (permalink)
Elite Member
San Diego, CA, USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: CL, ES
 
Tiger45's Avatar
 
Posts: 309 since Sep 2010
Thanks: 203 given, 422 received


shodson View Post
Just playing with price action patterns and volume. Looking at gravestone and dragonfly dojis, particularly with range charts.

I have been doing the same thing, but with price charts. Right now I'm playing with the code for the entry and have notice that I get wildly different results depending on if I place a market order to get in or a limit order at some formula-based entry point. I think it's a code bug, but hopefully will get it ironed out this weekend. I'm new to NT programming, and haven't yet figured out how to step through the code. Writing stuff to the output window is tedious and painful.

The dragonfly doji is a nice pattern, but some of the other patterns are a little harder to code for. I've tried pre-defined sizes for the candles, but am getting better results if I use percentages instead.

Reply With Quote
The following user says Thank You to Tiger45 for this post:
 
  #469 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: ib
Favorite Futures: Electric Guitar
 
Mindset's Avatar
 
Posts: 355 since Sep 2009
Thanks: 88 given, 285 received


shodson View Post
Inspired by a blog post from @cunparis I added expectancy and other metrics to my trading performance spreadsheet over the weekend. I also had to ramp up my Excel function programming foo in order to pull some of this off.

Hi

Very honest journal - love it.
Your expectancy metric is crucial BUT I think you should test your Risk/Reward rather than pure no of ticks.

Let me explain...

If you go long to close a gap with a 4pt stop on the ES and make 5pts then your expectancy is 1.25.
Also allows easier comparison between instruments.

Reply With Quote
The following user says Thank You to Mindset for this post:
 
  #470 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received



Mindset View Post
Hi

Very honest journal - love it.
Your expectancy metric is crucial BUT I think you should test your Risk/Reward rather than pure no of ticks.

Let me explain...

If you go long to close a gap with a 4pt stop on the ES and make 5pts then your expectancy is 1.25.
Also allows easier comparison between instruments.

My FHG trades usually have a risk/reward of 1.0. My gap trades usually hare a risk/reward less than 1.0, which I'm not totally comfortable with, but overall they are plenty profitable setups for me, I just have to endure more stressful drawdown periods. This month my gap trades are performing with a 77.8% win rate and a 2.17 profit factor so this month has been less stressful.


Last edited by shodson; November 26th, 2010 at 05:00 PM.
Reply With Quote

Reply



futures io > > > shodson's Trading Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
shodson's Trade Strategy Ideas shodson Elite Automated Trading 11 June 10th, 2011 01:58 PM
shodson's MetaTrader journey shodson MetaQuotes MetaTrader MQL Programming 5 August 18th, 2010 07:17 PM
Shodson HHLLReversal vegasfoster NinjaTrader 2 June 15th, 2010 05:33 AM
J's Trading Journal jinhar Trading Journals 43 April 23rd, 2010 08:15 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 05:41 PM.

Copyright © 2017 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
Page generated 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 54.163.210.170