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AJ's Journal
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AJ's Journal

  #231 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

CL Day

This is my CL testing morning with my Skype group.

Trade 1

Got nervous and bailed on first stall

+5


Trade 2

Good PB entry. I waited until I had proof of continuation with the crossing of some key levels

+20


Trade 3

same as above

+22


up $452


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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AJ's Journal-cll_4-12.png  
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  #232 (permalink)
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In the heat
 
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tderrick View Post
This is my CL testing morning with my Skype group.

Trade 1

Got nervous and bailed on first stall

+5


Trade 2

Good PB entry. I waited until I had proof of continuation with the crossing of some key levels

+20


Trade 3

same as above

+22


up $452

Time to take one of the training wheels off?

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #233 (permalink)
Elite Member
Nashville, Tennessee
 
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Platform: Ninja / Jigsaw / 9G
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tderrick's Avatar
 
Posts: 1,589 since Sep 2010
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I've been thinking the same thing...

This is starting my second week with no chart changes at all except for visual items.

I am trading my last day of the 2 month TF test. I will calculate all the data there and take a look.

I'm also a little torn between the TF and CL... not quite full on ready, but close, I think...


Thanks for the vote of confidence, my friend


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #234 (permalink)
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Futures Experience: Intermediate
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Transition

This is the continuation of the last day of the TF test. Replay of 4-1-11



Trade 2

Good PB entry that stalled somewhat

+5


Trade 3

Re-entry of the same trend

+1 BE

To be honest my heart wasn't in it and I just wanted to get the trades in so I could call the test complete.

Up $172 for the day.

Up $410 for the week. I lost some concentration this week and started pushing the envelope of
what I could get away with. Almost bored.

__________________________________________


So that's it.

Two months of replay data testing out a new market for me - the TF



Month 1

Up $1164

40 wins
15 losses


Month 2

Up $3024

75% winning rate

avg win $135
avg loss $91


I proved to myself that I can win with this system.

I want to try one more thing before opening up the coffers again, however.
My system is highly subjective and discretionary. I must be well rested and feeling good, which
being a recording engineer, is rare

I know I can read raw PA now and that is a wonderful base to work from.

I want to look into a system that is a bit more mechanical to help me on the days I'm not
quite feeling up to snuff.

The Felton system is quite intriguing. It is not such a departure for me that I feel llike I'm starting
over and with those wacky colors and dynamics, I feel like I'm working in a cartoon, which is
very entertaining

So I'll give Roger's technique a couple of weeks and see how goes. After a quick comparison
between the two, I'm off to, hopefully, make some cash.

The only thing holding me back now are my emotions. The last hurdle to going pro.

...and ohh!, what a hurdle that is for me


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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AJ's Journal-end_of_tf_test_one.png  

Last edited by tderrick; April 16th, 2011 at 05:31 PM. Reason: typo
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  #235 (permalink)
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Break

I'm taking some time off this week. I have absolutely hit the wall with my Studio, farm and trading duties. I'm not as young as I used to be

....looking forward to the new phase, however.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #236 (permalink)
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Felton day 1

Well... so much for the time off!! lol

I had some studio cancellations, so I was able to leave early yesterday and now have a couple of
days off. I woke up double juiced!

So what is the first thing I think of? TRADING!!

Replay of 4-4-11 Monday. Friday was a wide ranging day. The Globex session saw steady
buying after midnight.

I began trading just after the bell. I had a couple of wins under my belt before I could even
check the volume on the 5min chart.

Volume 2429 @ 835 cdt ... kind of low...


I quit trading after I took the first loser.

Trading 1:1 / 10 ticks . Pure scalping

6 winners and 1 loser . Up $478

I think I bailed at +8 or +9 on a couple when they lost momentum.

It looks like pure chaos on the range and 5min charts but the line break chart brings calm to
the madness. If I can keep this up, it's a no brainer what system I will use.

I do glance at the other charts for info though... quite handy.

I may load up another day later on... I'm pumped.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #237 (permalink)
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Austin, TX
 
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Try today.

I'm noticing the low volume in my trading too. Not alot of movement lately during the day with most happening before 11 and after 2:15.

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  #238 (permalink)
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4-5-11

Prior day in TF was Rangy. Overnight saw selling and was range bound 3am.

Today started out with a very narrow range. The Felton was giving me fits with the number of signals.
I have to work on screening out some.

I relied mostly on the 6range and 5min charts, as the open was the same old deal in TF. Break one way
then test the other with all the standard PB games in between.

I am taking way too many trades in my opinion, but I'm working it out.

this was the first :42 minutes. Ridicules.

Will continue in a bit...

I need more screen time with this thing, so I will trade until my normal shutdown time of 11am cdt

I had more winners than losers, I think...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #239 (permalink)
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4-4-11 cont

Man... lot's of trades for not much $$$.

I think I may have been closer with my previous method. Just too many dang signals...

I'll give it the rest of the week to test.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #240 (permalink)
Elite Member
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That's It


OK, I give....

I just can't stand to trade off signals. The Felton system will have to wait. I can't deal with that many trades.
I like to pick my battles carefully and I just can't see PA through all that stuff.

So here I am. The same place I have returned to for the third time. It must be right for me.

These are the same old charts I have been using. Just trying to hammer out the last few details.
I'll take another week or so to clear my head of my silly excursion and then I'll be ready to start
taking some live trades again.

__________________________________

Replay of 4-6-11

Prior day saw a huge bullish run in the morning followed by a 50% sell off at noon.
Globex saw steady buying all the way to the previous high. Consolidation set in at
530am cdt.


I am allowing myself 1 pre-market trade for a small scalp.
Then my normal 3 trades for regular market hours. I feel this is a great way to get back in the
swing of live trading. I will try to let my winners run and cut my losers short. I may give myself
a couple of Mulligan BE+1'ers. We'll see how it goes.


First day back to "real" trading.


Trade 1 pre-market

Entry on a Winfrey PB +3


Trade 2

A PB entry long after a failed break short. +19

One thing I did gather from Felton is that if you make a decision, get in quick to get as much
of the move as possible. This leaves the stop fairly tight also, although I'm tending to bail
pretty quickly if it doesn't move my way within a minute or so.


Trade 3


This PA seems to happen in the TF quite a bit. A swing one way, then a test in the other direction
at the open. This is why I can usually be out in less than on hour with my profit target.

Price failed three times to break higher. I entered short on the break of support . It gave me
some heat, but it finally gave.

+20


Trade 4

I was wanting to trade this as an inside bar, but I saw something on the 1 minute chart that
I thought would give me a jump. wrong. I have a bad habit of messing around when I get up
big. I must firm up my rules.

-10


up $296


It feels good. I have finally settled on a system. I like to read raw PA as it interacts with MA's and SR.
Almost ready for some game minutes.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-the_final_deal.png  

Last edited by tderrick; April 22nd, 2011 at 10:21 AM. Reason: typo
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