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


shodson's Trading Journal
Updated: Views / Replies:97,439 / 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

  #561 (permalink)
Elite Member
Rochester Hills, Michigan
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Currency Futures
 
Posts: 200 since Jul 2010
Thanks: 856 given, 142 received

TOS

Hello Shodson I was just wondering what your use think or swim for charting or execution. I also use but just for charting. Also what instruments do you trade regularly? Besides Piano.

Incometrade
Reply With Quote
 
  #562 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received


incometrade View Post
Hello Shodson I was just wondering what your use think or swim for charting or execution. I also use but just for charting. Also what instruments do you trade regularly? Besides Piano.

I used to use ToS from when I used to trade stock options. Currently, I just use it for charting internals like TICK, TRIN, etc since I can't get that from ZenFire. Also, it's good at getting daily/weekly continuous contract data for futures but NT7 does a better job at that than 6.5 did so I'm not using ToS as much for that.

As far as instruments, I trade gaps and FH breakouts all 4 index futures markets (ES, YM, NQ, and TF). Occasionally I trade CL and 6E too but lately not so much, but I still study those markets. I like CL on the 15min and forex on the 1hr or 4hr time frames.

Reply With Quote
The following user says Thank You to shodson for this post:
 
  #563 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received


Thursday, January 6th, 2011 - Got two small winning gap trades, gave it all back with a losing FH trade.

ES: +11 ticks
YM: +9 ticks

TF: -31 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 4 users say Thank You to shodson for this post:
 
  #564 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

Anatomy of a revenge trade (not really)

I wasn't happy with my FH trade. I wasn't looking for revenge, but I saw a better FH oppty to recover some of my earlier losses shortly after getting stopped. The setup was to fade the lows of the first hour, which had better probabilities, but we were already well below the lows of the first hour, way below, so I thought I'd wait for the market to tell me it wants to stop going down and then go long. The trade touched my profit target but then stopped me out 7 ticks lower. While it was a winner I'm not happy I gave up 7 ticks after it touched my target.

ES: +10 ticks

Attached Thumbnails
shodson's Trading Journal-1.png   shodson's Trading Journal-2.png   shodson's Trading Journal-3.png   shodson's Trading Journal-4.png   shodson's Trading Journal-5.png   shodson's Trading Journal-6.png   shodson's Trading Journal-7.png   shodson's Trading Journal-8.png   shodson's Trading Journal-9.png  
Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #565 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

All gaps filled...without me again!

Friday, January 7th, 2011 - I set up to fade gaps on all 4 indexes, 3 of them triggered what would have been winning gap trades, but I forgot to enable the strategies again, something new to NT7. So I was left out of $302.50 profits on that, bringing the cost of this new feature up to $967.50 of missed profits.

I wasn't around to take any FH trades so didn't trade anything at all today. The low breakdown was a winner but the guides didn't really give you a reason to take such a trade anyways.

NO TRADES

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 3 users say Thank You to shodson for this post:
 
  #566 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

Took a discretionary trade, failed. The previous day's range was 8pts, 5-day ATR was 11, we had a 12pt range already in the morning so I liked getting long towards the bottom of the range. Range expanded to the downside against me though. The increased volatility is probably due to the jobs report. I knew that was a risk but I figured the market had all morning to cast its vote. I guess it wasn't done.

Good thing I didn't widen my stop to 1260.00, I seriously thought about it.

Trading against the trend too much methinks I am.

ES: -12 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 3 users say Thank You to shodson for this post:
 
  #567 (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: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

With-trend this time... :(


shodson View Post
Trading against the trend too much methinks I am.

OK, so I saw what I thought was a good with-trend retracement once that medium sized bar was engulfed, hoped for one more push towards that swing low. The volume profile on those two hammers weren't very convincing so I thought there'd be another push down. It didn't work. I was just on the wrong side of the market today, twice. Good thing my stops were not very large, still discouraging though. 1260-ish turned out to be good support after all if you endured the 2-3 pts of heat below it.

ES: -8 ticks

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


Last edited by shodson; January 8th, 2011 at 01:44 PM.
Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #568 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,573 given, 3,982 received

When I read your call in the Skype room for your counter-trend trade, I really though "oops, this is not going to work...". But after the fact, looking on my charts, I think it was a good try, which may have work: a bullish doji, support (for me) @1263.75, so why not, good R/R ratio...
But the market was nervous, the previous bars were very bearish, we were not to far from the VWAP, the next doji was much better for a CT trade:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The second short was not a bad idea, you have been unlucky on this one.

Anyway, it's very very easy for me to comment after the facts

Success requires no deodorant! (Sun Tzu)
Reply With Quote
The following 3 users say Thank You to sam028 for this post:
 
  #569 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received

I've mentioned this before.... I don't think using time charts are good when trading intraday, since by waiting 15 min, most of the move is already done..... Using lower time frames such as 5 min, gives too many false signals. I've been proven wrong by someone who trades inside bars, but he trades it on a highly trendy and volatile market like the CL. I STILL don't think it works well on the ES IMO. I've done alot of testing on this, the best market was the NQ, and it was about 50/50 at best. The problem is that when you get these huge hammers, you have to put your stop ALLL the way below it, so your risk/reward is skewed...

again, your welcome to do your own tests if you want, but IMO it doesn't work well.
There's one guy called MA perry that trades hammers exclusively, but he has like 5 pages of explanations as to what are considered valid and when to take them. Your welcome to google him if you want, but it seemed tooo complicated. He even mentions that taking a hammer formation by itself is suicide. He only takes it based on context.

Hope that helps.

Reply With Quote
The following 2 users say Thank You to Michael.H for this post:
 
  #570 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received



shodson, I cannot wait to curl up and read your journal one day. Part of me
feels other people's journals are private and none of my business and the other part is
exclusively immersed in everything I need to learn myself right now. But I wanted
to drop in and tell you again how grateful I am for the help you provided last week in
Costa Mesa. Today is Saturday so did we really meet a mere three days ago on Wednesday?!
Is that really right? I'm telling you it feels like years. You gave me enough to fill
a life time. I mean that from the bottom of my heart. Those basic skills you showed
me have given me tools to learn so much more that is totally beyond my belief. But
more importantly learning is now fun and creative and I am not filled with the fear and
dread that gripped and overwhelmed me before I met you. I don't really know how to
acknowledge my debt to you but if you think of a way please advise. I know I have already
told you how much appreciation I feel but my experience is more than words can express.
Please let me know if there is ever anything I can do to reciprocate. Again, many, many
thanks. plethora


Reply With Quote
The following user says Thank You to plethora for this post:

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 08:43 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 2017-12-13 in 0.18 seconds with 20 queries on phoenix via your IP 54.160.245.121