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


shodson's Trading Journal
Updated: Views / Replies:97,577 / 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

  #691 (permalink)
Trading for Fun
athens,greece
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Advantage
Favorite Futures: ES
 
Posts: 55 since Sep 2011
Thanks: 5 given, 23 received

very nice thread and a gob well done.
i have one question my friend about the es contract you
put and lost.(i lost some money myself as well.).
you placed the contract at 1141.00 and the ES moved
in you favor at around 1145.00.then it turned down and stopped you
out.what is your profit target?5 points?

and if it is so,then seeing that it moved all the way to 1145.00 but
never had the power to go up why didn't you close the contract
with a smalli profit?

thanks in advance for your reply.

Reply With Quote
The following user says Thank You to 327trader for this post:
 
  #692 (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


327trader View Post
very nice thread and a gob well done.
i have one question my friend about the es contract you
put and lost.(i lost some money myself as well.).
you placed the contract at 1141.00 and the ES moved
in you favor at around 1145.00.then it turned down and stopped you
out.what is your profit target?5 points?

and if it is so,then seeing that it moved all the way to 1145.00 but
never had the power to go up why didn't you close the contract
with a smalli profit?

thanks in advance for your reply.

I was targeting 8pts but the "normal" entry would have been a 6.5 pt target having entered right above the 1st hour highs. At 3+ points above the 1st hour highs (the little blue line) I would have cut my stop in half but it never made it that far.

Reply With Quote
The following user says Thank You to shodson for this post:
 
  #693 (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


Tuesday, September 27th, 2011 - No gap trades today, we opened well above yesterday's high (U-H zone) and that was not a favorable looking setup so I avoided taking a losing trade.

The first-hour guides looked good on a break of the morning lows, target would be about 1/2 gap fill, which is very realistic. I put in a sell stop order to enter short if we break the first-hour lows, but today is so bullish I doubt we'll ever get down there. We'll see if it works out. Meanwhile, the high breakout looked positive too, but not as strong as the low breakout as some of the ETFs did not confirm the odds in the futures and the TF favored a high fade instead of a high breakout, so there were too many conflicting factors to take a high breakout. However, that would have been a winning trade.

...later...

I forgot to cancel my trade before I left for lunch. Just my luck it looks like all of the intraday gains were wiped out in the last hour and it came all the way down below the day's range, filled me short, then it exited when the market close for a loss after an MFE of 25 ticks (target was 46, had I been watching the trade I would have tightened my stop for a smaller loss, grr)

TF: - 40 ticks

Attached Thumbnails
shodson's Trading Journal-gap-guides.png   shodson's Trading Journal-ga-email.png   shodson's Trading Journal-first-hour-guides.png   shodson's Trading Journal-tf-waiting-low-breakdown.png   shodson's Trading Journal-tf-end-day.png  

Last edited by shodson; September 27th, 2011 at 06:03 PM.
Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #694 (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

Wednesday, September 28th, 2011 - Gap guides were weak in the D-OC zone and the gap was small so I didn't fade the gap.

Still upset with my poor execution yesterday, I decided to continue with my plan, just to execute better.

Today I did short the TF below the first-hour lows. I missed the initial breakout but re-entered on a retracement. I got 90% of my target reached but was eventually stopped out and break-even + 1. Amazingly, the low of my move was 1 tick above RTH highs of 2 days ago. Need to watch these levels more I guess. I'm not happy I had a +43 tick trade turn into a +1 trade.

TF: +1 tick

...later...

I saw later that it eventually was a winner, without hitting the original stop. I'm not sure I want to trade these totally mechanical, the losses are psychologically damaging, probably because I am trading too large of a position size in this account, even with just 1 contract.

Attached Thumbnails
shodson's Trading Journal-fhg.png   shodson's Trading Journal-tf1.png   shodson's Trading Journal-tf2.png   shodson's Trading Journal-tf3-60min.png   shodson's Trading Journal-tf4-impatience.png   shodson's Trading Journal-tf5-stopped-out.png   shodson's Trading Journal-nogaptrade.png   shodson's Trading Journal-tf-winner.png  

Last edited by shodson; September 28th, 2011 at 02:35 PM.
Reply With Quote
The following 5 users say Thank You to shodson for this post:
 
  #695 (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

Thursday, September 29th, 2011 - No gap trade, I didn't get an open in a zone I wanted. The gap did fill nicely though without me.

The FHGs in the TF looked pretty good for a low breakdown, and the NQ confirmed the TF, but the QQQs contradicted it with a low fade, so in my mind that cancelled it out, so I didn't trade it because no other futures market supported it. It did the same thing as yesterday: broke down, almost hit the target, retraced all the way to 1 tick from a 60 tick stop out, then turned around south for another winner that I missed.

I did a SIM S/R trade in CL. It was near the close so I was hesitant that the support would not hold into the close as CL traded inside of it's overnight range all day and we usually get a big move into the close that could break through. I entered long after it went into the support zone and exited, with a poor entry, then it went back in and made new lows, stopping me out. I didn't execute it well and I haven't really formulated a trading plan for these types of trades yet so I'll be SIM-ing this until I do.

NO TRADES

The webinar on Wednesday went well. Thanks for all of those that attended and asked questions. And I kept it at 90mins!

Attached Thumbnails
shodson's Trading Journal-0-nogap.png   shodson's Trading Journal-1-fhgs.png   shodson's Trading Journal-2-cl-sr.png  
Reply With Quote
The following 4 users say Thank You to shodson for this post:
 
  #696 (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

Friday, September 30th, 2011 - The gap guides in 3 indexes (except the ES) were very favorable, and the end of the quarter is usually bullish due to usual "window dressing". However, with the current climate, being in stocks, even good stocks, must not be popular right now, so there was no big demand to put cash to work before the end of the quarter like we'd normally see. Therefore, I never got a strong enough bull move to fill the gap, and it rolled over into the close to stop me out.

This left me with a small loss for the month. This was not how I wanted to end my month. I seriously considered stopping trading on the 13th and 23rd, when my monthly gains were over $1,000, but I didn't want to give up the chance of being in the middle of a string of winners. Do any of you guys have monthly equity stops, where you will stop trading for the rest of the month if you reach a certain equity level for the month?

NQ: -81 ticks

Attached Thumbnails
shodson's Trading Journal-gap-guides.png   shodson's Trading Journal-nq-loss-email.png   shodson's Trading Journal-nq-gap-fail.png   shodson's Trading Journal-sept.png   shodson's Trading Journal-stocks.png  

Last edited by shodson; September 30th, 2011 at 10:17 PM.
Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
  #697 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


shodson View Post
Do any of you guys have monthly equity stops, where you will stop trading for the rest of the month if you reach a certain equity level for the month?

Equity based trading isn't a bad idea. If you look at the Ducman thread there was a reference that I posted on there a few weeks back about equity based trading.

Basically you throw on a moving average of so many days and if your equity curve drops below this 20-day (or whatever) then you go sim until it works out.

I believe no matter what system you trade, you will have conditions that are not 'the best' until you adapt to them. If you follow the 20 day MA of equity curve, then you will end up stopping the large drawdowns.

Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
  #698 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 470 given, 778 received

Aren't you equally at risk of being whipsawed by the MA, just as it can happen with normal trade entries?

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
The following 2 users say Thank You to Adamus for this post:
 
  #699 (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, October 3rd, 2011 - I had trouble with my trading server late last night and I was too tired to drive down to the co-lo to try to fix it so no gap trade. The gap trade was a 5pt winner (ES) but per the gap guides I would have avoided the trade.

I was stalking AAPL into the close today. I was tempted to buy a call spread ahead of the Oct 4th Steve-note re: iOS 5 and iPhone but the market was so bearish. However, if it gets down to 353, which is where the 200MA and major swing low have confluence I'll buy without blinking. I was considering getting out to the November strikes. That gets me through earnings in a couple of weeks and a good chunk of the Christmas rally. However implied vol was 50+% and you had to get pretty far out of the money to get a 1:2+ risk/reward and that's hard to envision when the market is dropping like a dead weight.

Tomorrow night is our Meetup's Book Club.

Attached Thumbnails
shodson's Trading Journal-aapl.png  

Last edited by shodson; October 3rd, 2011 at 07:54 PM.
Reply With Quote
The following user says Thank You to shodson for this post:
 
  #700 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received



Adamus View Post
Aren't you equally at risk of being whipsawed by the MA, just as it can happen with normal trade entries?

Possible, but it is a risk worth taking in my opinion. What I have seen when developing mechanical systems is that they tend to go into 'not working any f-in longer' stages.

These stages can be temporary or they could be almost permanent (rare) but by employing the 5MA or 20MA to your equity strategy then you will most likely eliminate strings of losers.

I believe that market conditions are constantly mutating and very fluid, so when you go to SIM after 3 days of bad trades, and you have one good day, one bad day, one good day, one bad day, then that could be enough to whipsaw you, but I believe it to be unlikely.

Usually you have win, win, lose lose lose, win, win, win, win, win, win, lose, win, lose, lose, lose (or something like that)

I Like the concept for mechanical trading and believe it could make all the difference in the world for some systems.

Reply With Quote
The following 2 users say Thank You to bluemele 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 02:29 AM.

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 0.15 seconds with 20 queries on phoenix via your IP 54.82.56.95