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 incometrade with 2 thanks per post
    2. looks_two shodson with 1.3 thanks per post
    3. looks_3 bluemele with 1.3 thanks per post
    4. looks_4 Big Mike with 0.8 thanks per post
    1. trending_up 161,492 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)
  #1 (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

7/29 - Well, I guess it's time to start journaling my trading. I'm a little reluctant as I'm still not totally comfortable with a system that I'm confident in yet, so I don't feel completely confident in my trades, but I figure I can still gain some valuable learning experience. I've done Sim trading but I'd rather trade in a live market with small lots to gain experience (and maybe make some money while at it).

I've subscribed to EOT and LogicalForex (use it to trade the 6E though) and I'm still feeling out which of those systems work best for me. The EOT indicators seem interesting but I haven't found settings and a workspace that works for me yet. I've also looked at Sharky's setup but I'm not feelin' it yet. The Logical Forex indicators are nice, but it seems you really need to go through their $600+ one-on-one training to get more out of it, and I'm not afraid to pay some money in something that's going to help me make more money, if it will work. I'm not as fond of the 6E as it is not as liquid, but sometimes I like to trade the London open (midnight pacific time) and it seems to trend nicely.

Lately I've been playing with simple swing high/swing lows breakouts, but I haven't back-tested this strategy yet so I'm not even sure it's a good strategy to follow. I was just looking for 4-tick scalps on ES and 6E. Not sure I want to do that again (trade 2 instruments simultaneously) as there were a few times I had open positions in both instruments at the same time, but I had an ATM strategy in place to provide some protection but sometimes I like to manually override the ATM, which I was able to do just fine today, but maybe I just got lucky. Furthermore, sometimes I get tired of waiting for one of my instruments to give me a trade, so I'll watch both and if one signals me I go in and ignore the other instruments, but sometimes they both signal at the same time. I often enter with stop limit orders 1 tick above a swing high or 1 tick below a swing low, so sometimes orders can get filled on multiple instruments at the same time. I notice ES and 6E often in the same direction sometimes, hence the multiple executions.

I started just trading 1 contract on each, then later trading 2, 1 scalper and 1 runner (12-16 tick targets). I was up about $330 at one point in the day and should have stopped trading as I like to just trade the opening hour (6:30-7:30am Pacific time) but I over traded and ended up with a $160 loss instead trading another 30 mins. This only emphasized the need to make daily profit targets part of my trading plan, and then sticking with that plan and shutting down once targets are reached.

My trades are outlined on the charts below.

Attached Thumbnails
Click image for larger version

Name:	es1-20090729.png
Views:	1232
Size:	159.9 KB
ID:	959   Click image for larger version

Name:	es2-20090729.png
Views:	812
Size:	114.8 KB
ID:	960   Click image for larger version

Name:	6e-20090729.png
Views:	594
Size:	159.4 KB
ID:	961  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 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
Demo accounts order fill
Emini and Emicro Index
Market on Close data within IB
Platforms and Indicators
NT8 Order Management Strategy
The Elite Circle
Anyone ever use "Seasonax" website?
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
52 thanks
An embarrassing, honest confession
37 thanks
Sierra vs. Ninja : why I chose .....
8 thanks
Machine Learning Journal
5 thanks
Institutional Grade Massive Data Dump for Quant Research …
5 thanks
 
(login for full post details)
  #2 (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

7/30 - No trades today, slept in too late. I usually have to get up by 6am to be ready to trade at 6:30 but I was up too late last night, after a long day of "normal" work and wanted some time to do some strategy development didn't get down until midnight. It's too bad because I missed some really nice moves right around 6:30 at the open.

Attached Thumbnails
Click image for larger version

Name:	6e-20090730.png
Views:	516
Size:	88.1 KB
ID:	952   Click image for larger version

Name:	es-20090730.png
Views:	465
Size:	115.4 KB
ID:	953  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to shodson for this post:
 
(login for full post details)
  #3 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,184 since Jun 2009
Thanks: 32,683 given, 99,760 received


Good job on the journal and charts, keep it up.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #4 (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

7/31 - Had trouble waking up but finally got up and the computers fired up and running before the open. But NT was giving me troubles when I was trying to bring up my charts. Spent 10 minutes trying to figure out why my charts would not load with live data once connected to Zen. I figured I'd try closing my charts and hitting the "Repair Database" feature in Options and that fixed it. Good to know next time I get this problem.

I got 2 quick winners, +4/+6 on the ES and +4/+5 on the 6E. I hit my daily targets in 7 minutes of trading and stopped trading for the day.

Attached Thumbnails
Click image for larger version

Name:	wtf-20090731.png
Views:	378
Size:	12.1 KB
ID:	965   Click image for larger version

Name:	es-20090731.png
Views:	626
Size:	82.0 KB
ID:	966   Click image for larger version

Name:	6e-20090731.png
Views:	434
Size:	69.7 KB
ID:	967  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #5 (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

8/7 - Got up on time, had a good day. I'm trying something different now. Instead of trying to play swing breakouts, I'm playing the bounces off of swing lines, which are just S/R lines. If price revisits a high and a bar closes below the EMA(7) (purple hash line) then I go short. If price revisits a swing low, bounces off of it and closes above the EMA(7) I buy it. I enter my limit orders at the EMA(7) line that was penetrated. I did try to play 1 breakout but it failed, which was my only failing trade today. All other trades are winners. Some of my trades were pre-emptive (I thought it would penetrate the EMA(7) before it actually did) so I did get lucky on some of these trades.

There are some trades I missed but the market was moving so fast I couldn't get each opportunity. On some I did try to take the trade I just didn't get the fill I wanted, which is fine. Otherwise, things were just happening too fast to take each trade. However, as you can see, I got plenty of them. This strategy misses out on some of the really big breakout runs, especially in the 6E, which often has large runs, but I think I get higher probability trades which makes me feel better.

On the 6E I was nervous going long on swing low bounce backs since the overall trend in the morning was down, and it continued downward for quite a while after I traded, but it's interesting to see that there's enough profit to be made in the chop even on counter-trend retracements, though the continuation trades would have allowed my runner contract to make more money. I didn't realize the longer-term trend until 2/3 the way through my trading and it wasn't part of my trading plan.

Traded 2 contracts, surpassed daily trading goals in 30 minutes, stopped trading.

6E - 4 winners, 1 loser
ES - 3 winners, 0 losers

BTW, I'm only using 2 indicators (Swing(5) and EMA(7)), both built into NT and no need for 3rd party indicators. I like the simplicity of this method. I hope it continues to be successful. I have the EMA(50) on there as well but wasn't using it, but I should in order to help determine longer-term trend, or something like it, and whether if I want to play counter-trend retracements or continuation trades. Or, like this morning, just step back and notice the declining/ascending swing lines on a bigger picture (time frame).

Attached Thumbnails
Click image for larger version

Name:	6E-20090807.png
Views:	630
Size:	61.4 KB
ID:	1087   Click image for larger version

Name:	ES-20090807.png
Views:	464
Size:	23.0 KB
ID:	1088  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to shodson for this post:
 
(login for full post details)
  #6 (permalink)
 HJay 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009

Very interesting... Have you been able to back test this approach?

Thanks,

HJay

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (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


HJay View Post
Very interesting... Have you been able to back test this approach?

Thanks,

HJay

I have not, just with my eyeballs. I discovered it the other night. It seems the best strategies I find is when I consider a strategy that I think should work and when it fails miserably I do the opposite and get better results. I mentioned this in a previous post.

It would be somewhat complicated to code, the state machine could be large, but it can be done. I've been busy coding some other strategies but I should probably focus on this one if this is the one I'm going to use for my discretionary trading. Good weekend homework! Sim trading of trading small (1 contract) is one method I use to verify my strategies as well because at the end of the day it's all about whether or not I can execute the strategy well.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
 milford 
ct
 
Experience: Beginner
Platform: NinjaTrader
 
Posts: 99 since Jun 2009
Thanks: 24 given, 13 received

Hi shodson, Are you using 233 tick or 4 rang chart

Reply With Quote
 
(login for full post details)
  #9 (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


milford View Post
Hi shodson, Are you using 233 tick or 4 rang chart

I've been switching around. I like range charts because they graph just price moves, but I also like tick charts because when the market gets active I'll get a lot of bars which gives me visual perspective about market velocity. As for last Friday's trading, I can't remember but looking at the chart it looks like each bar is the same height so it's probably a 4 range chart.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (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


8/10 - Really choppy this morning, got whipsawed around, couldn't get a winning trade. I placed several other orders that got canceled, which saved me, but also couldn't get filled on some of the orders I wanted that went well. Hit my daily loss limit, stopped trading.

ES - 0 winners, 3 losers
6E - 0 winners, 1 loser

UPDATE: I think I'm starting to hate ES and like 6E more. Maybe I'll trade 6E exclusively at some point. Or maybe I should just trade spot forex.

Attached Thumbnails
Click image for larger version

Name:	ES-20090810.png
Views:	405
Size:	88.9 KB
ID:	1121   Click image for larger version

Name:	6E-20090810.png
Views:	361
Size:	41.9 KB
ID:	1122  
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:


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