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AJ's Journal
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AJ's Journal

  #301 (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

9-12-11 Replay

9-12-11

Prior day was all selling with some minor retracements along the way.
The trend continued into the Globex session.
Volume was above average this morning.


Trade 1

When I started the replay, A PB move was already in play, so I missed the
optimal entry. But it still looked like the trade had some room.

+15

exit on stall and tightening of spread
I was proud of my exit on this one, I'm getting good at feeling PA stalling.


I didn't take a trade for the next couple of hours. The PA was strange for me.
I'm not good at taking trades in that trending channel type of action. Felton would
be killing in that, but I can't pull the trigger in there with my entry eye. Perfect for
smaller targets, I guess.

...taking the rest of the evening off. I'll see how this pattern develops
when I resume the replay tomorrow.
___________________________________________________

I woke up this morning thinking of the Roger Felton method.
10 ticks.... I will trade only with the dominant trend, however.

Roger will trade either direction if there is a history of movement.

So I broke out the old Range Bound ATM ( which I don't use much, because
I just don't like that PA) and started hunting for 10 tick targets.



Trade 2

I suppose these are PB entrys in the larger trend.
+10 target hit +1 with good slippage.



Trade 3

Same entry type
+10

Daily target hit
up $342



There is something to be said for 10 ticks targets. It certainly takes away
the decision process I usually have to go through around the 15 tick area - to
exit or let it go on to the 20 tick target.

However, when one of my usual trades develop, this strategy will almost always
leave lots of money on the table. If price is moving well, I may move my 20 tick
target all the way to the next SR level. I like the idea of taking as few trades as possible
to meet my daily goal.

....so.... I suppose I should just continue like this....

Is the market playing long ball or small ball?
I now have a strategy ATM for each.

hmmmmm.....

More screen time, more screen time!!.... Knowledge is the key to all things...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-9-12-11_a.png   AJ's Journal-9-12-11_c.png  

Last edited by tderrick; September 18th, 2011 at 09:19 AM. Reason: punctuation
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  #302 (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

EUR / USD Live

OK ... I can't take it anymore.

I have taken the TF studies as far as I can.

I have to start learning the really difficult part of this game - winning and losing money.

So, I put my beloved TF on the back burner for now and dive hard into the EURO Dollar.

I am looking for swing trades. Long term.

Following Daily and Hourly charts with entry on 15 and 5 minute charts.

I'm waiting for swings counter trend and entering with long term trend with huge stops. You must
stay FAR above the PA in the cash market because stop hunting is in play.

I have learned the pulse of this instrument and am getting better at keeping up with news
and fundamental concepts of macro economics. It's all very exciting and swing trading fits
my busy schedule better.

It's more like mini investments. I'm not afraid at all if I get down fairly large, because I Know
the current Macro trend and market sentiment will at least pull back to me. If it goes against
me again I will get out. So far this hasn't happened. But the Euro has been crashing during
this whole learning process also.

I have increased my trading account by 10% and I'm feeling confident.

I'm switching my NT platform to the CQG feed so I can trade the M6E. I think If I stick with
the London open through a couple of hours of the NY open I can make it work.
The volume is tolerable in these times. But you must constantly watch the spread in the DOM.
it gets kooky in there.

Like the TF, I can't pull the trigger on the 6E. I'm not funded enough to trade the way I want.


I know why I have finally become profitable.

I trust completely in the trend, with an eye always on Market Sentiment. News reports are generally
good for only a small reaction move. PA mostly defaults to MS.

My stops are only for a flash crash. I'm talking at least 50 ticks above the last swing. With this
obvious short sentiment in the Euro, I can't even see the stops on my charts!!

With the trading software on my iPhone I can exit a position at any point / anywhere.


I currently have 3 open positions.

I close the oldest when price turns and then enter a new position at the end of newest swing - always
in the direction of the Daily / Hourly charts.


Each week I am sizing up my lot size. This is the beauty of Oanda- the scale is huge.
$.01 to $100,000 .... trade what you feel comfortable with.

It is amazing how well you trade when you don't have to think about the money.
When you risk 1% a trade, there is absolutely no fear. 1 loss is just a bad play in a
football game. Get in the huddle and call another play. It doesn't matter.

This is the first time I am not tense when trading. I feel I know where the market SHOULD
go at any particular juncture. When it doesn't, I don't freak out anymore. I'm more
inquisitive. Like, wow, that was weird - what caused that?? hmmm something new to
place in the ole memory bank.



I can't wait to get back to NT so I can use my old familiar charts. Although I base
my trades on PA anyway. The bells and whistles are just to remind me of chop and trend.

From now on, I trade cash $$$$

I will try and run some Market Replay on the TF at least once a week, because I still believe
that is the easiest money and I need to keep familiar with that PA.

Below are my current positions - up 174 pips


exciting times


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-oanda_9-23-11_a.png  

Last edited by tderrick; September 23rd, 2011 at 09:42 AM. Reason: Content
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  #303 (permalink)
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Futures Experience: Intermediate
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Broker/Data: AMP / CQG
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Woo Hoo


After a bit of IT gymnastics, I have CQG up and running with NT


Let's load up some M6E


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #304 (permalink)
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I'm Trading!!!

I'm getting all my charts in order for the Euro. I'm itchy to pull the trigger
and test my fill performance, but I'm late on this last bull run and it's getting
late on a Friday.

...best wait

don't want to start out with a bad experience

I have my cash orders up along side the futures.... learning by watching right now.

It's good to see my DOM live with my trading account showing again.

I have much more knowledge and wisdom this time around thanks to all the cats at futures.io (formerly BMT)!!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #305 (permalink)
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Man....

If only I could have gotten my data online earlier this morning.

It would have been a great first trade.


I will not chase....

Plenty more full runs waiting...


I went ahead and closed out all my short cash positions. The world is a bit too wacky to
hold over the weekend these days I think....

Up $270 on spot cash for the week.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #306 (permalink)
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tderrick View Post

I went ahead and closed out all my short cash positions. The world is a bit too wacky to
hold over the weekend these days I think....

.

This is wisdom grasshopper

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #307 (permalink)
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Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
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Posts: 1,589 since Sep 2010
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PandaWarrior View Post
This is wisdom grasshopper


Thank you, Zen Master.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #308 (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

2 Cars!!

Yes, yes!!!

I am finally able to run two cars!!! (With three as the goal)

...practicing the optimal first goal now. Letting the 2nd run to nearst major SR



...good, Lord... I feel like a real trader! (yes, I'm dancing a jig)


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #309 (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

Studying the Euro Dollar

The main difference I have found between the TF and the EUR / USD is that
I find it very difficult to pick a breakout/down from consolidation.

I could predict the the TF 75% of the time by feeling the pressure to
one side or the other. The Euro hints are much more subtle.

So, I am learning patience. I tend to let the initial breakout just go and then
enter on a PB or good hesitation and continuance.

Also, the Daily and Hourly charts are essential for Euro.
I would never use these with TF


The weekend of Football and Market Replay continues.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #310 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

2 Cars


My, God. What have I been missing??


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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