shodson's Trading Journal - futures io
futures io



shodson's Trading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one shodson with 573 posts (740 thanks)
    2. looks_two Big Mike with 41 posts (32 thanks)
    3. looks_3 bluemele with 12 posts (15 thanks)
    4. looks_4 cclsys with 11 posts (8 thanks)
      Best Posters
    1. looks_one shodson with 1.3 thanks per post
    2. looks_two bluemele with 1.3 thanks per post
    3. looks_3 Michael.H with 1.1 thanks per post
    4. looks_4 Big Mike with 0.8 thanks per post
    1. trending_up 161,307 views
    2. thumb_up 869 thanks given
    3. group 52 followers
    1. forum 770 posts
    2. attach_file 956 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

shodson's Trading Journal

(login for full post details)
  #551 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

I thought I saw a hammer reversal signal, liked the risk/reward, it just didn't work out.

TF: -13 ticks


Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to shodson for this post:

Can you help answer these questions
from other members on futures io?
in depth understanding of last, bid, and ask volume in c …
NinjaTrader
Market on Close data within IB
Platforms and Indicators
Multi Time Frame High/Low/Median levels
NinjaTrader
help with take profit several targets
TradeStation
How do I create Strategy with the Second Entry indicator
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
88 thanks
An embarrassing, honest confession
25 thanks
ApexTraderFunding.com experience and review
8 thanks
Sierra vs. Ninja : why I chose .....
8 thanks
Want your NinjaTrader indicator created, free?
7 thanks
 
(login for full post details)
  #552 (permalink)
 incometrade 
Rochester Hills, Michigan
 
Experience: Advanced
Platform: Tradestation
Trading: Currency Futures
 
Posts: 200 since Jul 2010
Thanks: 856 given, 143 received

Hello Shodson, First of all I don't know you and have never met you but I have been a member of Big Mike's for awhile and spend alot of time reading journals and everything else here on Big Mikes. And after extensive research and sorting through some of the so called Elite or top Contributors on here who all claim to have really figured out trading or are rich,trading 10,20 contracts or have a website to promote. None not a single one does what you do you put it all out there for everyone to see, good, bad,even your statements! Not that I need or wan't to see statements but it atleast shows your not trying to hide behind your computer putting on a show for everyone else. Which I believe most of them are. You have been struggling just like all of us on here. Heck a couple of them say there really profitable, its simple to trade and only use price action but nothing to back it up, and doing so great but then they have a regular job or a website. I really just can connect with what you have going on here and always look forward to your daily posts. Keep up the hard work and it will pay off.

Incometrade
Follow me on Twitter Reply With Quote
The following 8 users say Thank You to incometrade for this post:
 
(login for full post details)
  #553 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,841 received


Exactly, that was my point many posts ago! Nobody else is doing it. Keep it up!

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
(login for full post details)
  #554 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received


shodson View Post
I thought I saw a hammer reversal signal, liked the risk/reward, it just didn't work out

In hindsight, I guess I should have waited for a 3rd push, but many moves never get up to 3 pushes, but this one did.



It would be nice to be able to determine earlier on if it's going to be a trend day (enter retracements) or not (look for S/R). Any ideas? It seems like Tues and Thursdays tend to trend more than other days. Or, since the London session had a much narrower range than yesterday's NY session, consolidation happened overnight and the NY session was due to break out one way or another ( ? ) Just some ideas...

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
(login for full post details)
  #555 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

Wednesday, January 5th, 2011 - Took 2 gap trades, on ES and YM. Both opened lower so we would want to go long. However, the YM went short because I had Monday's closing price plugged in, not Tuesday's, so it went short. I was up watching it shortly after the entry and realized the mistake and I cancelled the trade for -8 ticks. If it had gone long like it should have it would have been a nice winner, along with the ES winner.

Tried to enter buy a breakout on a retrace, missed the first retrace because I was busy driving to work, ran up without me.

ES: +13 ticks
YM: -8 ticks





Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
(login for full post details)
  #556 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received


incometrade View Post
Hello Shodson, First of all I don't know you and have never met you but I have been a member of Big Mike's for awhile and spend alot of time reading journals and everything else here on Big Mikes. And after extensive research and sorting through some of the so called Elite or top Contributors on here who all claim to have really figured out trading or are rich,trading 10,20 contracts or have a website to promote. None not a single one does what you do you put it all out there for everyone to see, good, bad,even your statements! Not that I need or wan't to see statements but it atleast shows your not trying to hide behind your computer putting on a show for everyone else. Which I believe most of them are. You have been struggling just like all of us on here. Heck a couple of them say there really profitable, its simple to trade and only use price action but nothing to back it up, and doing so great but then they have a regular job or a website. I really just can connect with what you have going on here and always look forward to your daily posts. Keep up the hard work and it will pay off.

Thanks @incometrade, it's hard to know who's for real and who's just read a John Carter book and likes flinging advice at people to sound smart. I try not to second-guess people because if they are trying to over-represent themselves as something they are not then I guess a forum like this serves their needs, but I take any advice with a grain of salt and like to verify it with my own practice and experience. After a while you can tell who knows what they're talking about and who's blowing smoke. I appreciate the help of those that are truly trying to help, and the encouragement of those cheering me on!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #557 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

Yesterday I did some analysis of MTG's first-hour guides. One thing they don't take into account is range size, which I think is important. It seems that if the first hour range is very large then we're less likely to get much more range expansion for a breakout.

In this spreadsheet I was looking at FH range relative to the 5-day ATR. Initial reviews tend to favor FH ranges that are 45-55% of the 5-day ATR. I also thought about considering correlation of winning breakouts following days where range expanded or contracted. Nothing conclusive yet. I'd like to study FH range relative to the previous day's range as well, not just the 5 day ATR.

A "pW" or "pL" is a partial win/loss, where the position was closed at the end of the day without hitting it's target or stop. A winner/loser is a 4pt move for or against me.


Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
(login for full post details)
  #558 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

Here's a trade I took. See screenshots for all of the exciting drama and at-the-moment thought process.

TF: +16 ticks

Attached Thumbnails
Click image for larger version

Name:	1.png
Views:	175
Size:	55.0 KB
ID:	27847   Click image for larger version

Name:	2.png
Views:	174
Size:	34.3 KB
ID:	27848   Click image for larger version

Name:	3.png
Views:	166
Size:	61.0 KB
ID:	27849   Click image for larger version

Name:	4.png
Views:	167
Size:	26.7 KB
ID:	27850   Click image for larger version

Name:	5.png
Views:	160
Size:	26.2 KB
ID:	27851   Click image for larger version

Name:	6.png
Views:	168
Size:	28.3 KB
ID:	27852   Click image for larger version

Name:	7.png
Views:	160
Size:	26.0 KB
ID:	27853   Click image for larger version

Name:	8.png
Views:	167
Size:	24.0 KB
ID:	27854   Click image for larger version

Name:	9.png
Views:	151
Size:	23.7 KB
ID:	27855  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to shodson for this post:
 
(login for full post details)
  #559 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,841 received

Nice Play by Play!

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #560 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received



shodson View Post
Here's a trade I took. See screenshots for all of the exciting drama and at-the-moment thought process.

TF: +16 ticks

While I wasn't watching it during the setup, I later realized I had TICK divergence in my favor as well.


Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to shodson for this post:


futures io Trading Community Trading Journals > shodson's Trading Journal


Last Updated on December 10, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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