AJ's Journal - futures io
futures io



AJ's Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one tderrick with 487 posts (1,504 thanks)
    2. looks_two PandaWarrior with 57 posts (152 thanks)
    3. looks_3 Big Mike with 44 posts (125 thanks)
    4. looks_4 bobarian with 20 posts (47 thanks)
      Best Posters
    1. looks_one tderrick with 3.1 thanks per post
    2. looks_two Big Mike with 2.8 thanks per post
    3. looks_3 PandaWarrior with 2.7 thanks per post
    4. looks_4 bobarian with 2.4 thanks per post
    1. trending_up 92,905 views
    2. thumb_up 2,090 thanks given
    3. group 53 followers
    1. forum 736 posts
    2. attach_file 320 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
 

AJ's Journal

(login for full post details)
  #311 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

It's amazing what the human mind will do to your emotions and decision making when, finally , your decisions
have actual consequences.

Although I was feeling the correct entries, for the most part, the second guessing that enters your mind is
crazy!! After three straights losses last evening, I finally settled down. I just remembered what I have been
practicing and fought my way all the way back, Plus $20...

I feel like I've played a football game.
I wasn't going to give in to my emotions this time around.

I think I have the first trading day jitters worked out.

I'm running 1 car while I get used to the entry and exit fills. They are not as seamless as the TF, for sure.


Winning trades 68.5 %..... telling of why I didn't win bigger. I didn't hold to target.

Up $20 over 8 trades, between last night and this morning.

There is no reason why I shouldn't be making money almost every day I venture in. I feel PA well.
I just need to trust my first instinct on entry, AND HOLD TO THE TARGET. They almost always go
to the next SR when the entry is correct.

I bailed early 4 times. It's like someone else was controlling my hand when it hit the close button!!

Human Beings are very strange ...


My trading account is intact after the first two days!!! yes!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
Click image for larger version

Name:	First_day!!.png
Views:	146
Size:	356.8 KB
ID:	50348  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tderrick for this post:

Can you help answer these questions
from other members on futures io?
mahDualCandlePattern
NinjaTrader
Help with Scale In ATM strategy
NinjaTrader
Tick Data Group Buy
Emini and Emicro Index
Williams Fractal (NT8) indicator - Alert function implem …
NinjaTrader
Multidata
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
108 thanks
Most Funding Firms are a Scam
52 thanks
How many day traders are profitable?
26 thanks
Hedging NQ and MNQ 1-10...
13 thanks
Prop Firm Combines Criteria
9 thanks
 
(login for full post details)
  #312 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

I'm still not holding on to these trends all the way to my SR levels like I would like.
I'm having difficulty getting used to the PB's.

But, I managed to battle out around 25 pips.


The PA of the EUR reminds me of the YM and is the reason I went to the TF.
It's difficult for me to read, but I will learn it.


I'm starting to settle in to trading $$$$. I felt very little stress on my slow start. I knew it would
come.

Turning the corner?



AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
Click image for larger version

Name:	28th.png
Views:	140
Size:	377.7 KB
ID:	50401  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tderrick for this post:
 
(login for full post details)
  #313 (permalink)
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
 
vovan348's Avatar
 
Posts: 460 since Mar 2011
Thanks: 612 given, 405 received



tderrick View Post
I'm still not holding on to these trends all the way to my SR levels like I would like.
I'm having difficulty getting used to the PB's.

But, I managed to battle out around 25 pips.

I'm starting to settle in to trading $$$$. I felt very little stress on my slow start. I knew it would
come.

Turning the corner?


You are still doing great job. I think you are not 100% confident with you target. That's why you get out too early. As soon as you get confidence it's gonna be no brainer for you. You will not have thoughts about taking profit before your target hit. Tighten up your stop is always good for money management though!

Keep it up!!! You are doing great!!!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to vovan348 for this post:
 
(login for full post details)
  #314 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

I have returned to the TF.

For the second time, trading the Euro has worn me down. I guess I know it's not for
me now. The best time for me to trade it, is at the London open and my sleep patterns
were suffering because of it. Perhaps if I were youger Although I was having mild
success, trading the currencies is too engrossing. It's too easy to have your life revolve around
the moving times and world reports.

So I'm back to the TF. It's fairly news proof and I can trade in the morning only.


I'm going to run a few days of playback and get my mind geared back for the TF.
Then I will try one live trade a day to keep my mental edge up while I study harder.

I will practice SIM, when I can, to get into a routine trading in the mornings.

The crazy journey continues.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tderrick for this post:
 
(login for full post details)
  #315 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

I set up a TF SIM account reflecting the amount of cash I have saved up so far. I would like to save up a couple
more grand before I pull the trigger live, but I am close.

I have settled on my charting for the most part. I have discarded all the indies I was messing around with. I was
using them mostly for entertainment anyway as my entries are all PA based.


Trade 1

Correct entry with the incorrect ATM. I have a trending ATM that trails more gradually but
failed to implement it.

BE +1


Trade 2

See above
BE+1



Trade 3

A great entry of "Jumping in front of the bus ", as @AZtrader puts it. I placed a Buy Stop Limit
right at the Support Line knowing it would bounce.

I should have taken with the cash given with the PB. A bit greedy.

BE+ 1




Trade 4

A bit early on Break Down entry. Exit on stall

BE+2



Trade 5

The Break Down finally happens and I exit at first stall. Of course, Price went on to target
without a PB!! Ha

+9


Trade 6


Failed Reversal. Price usually retests the high here. ... or as Al Brooks says, "Except when it doesn't"

-5


Good emotional training today.

I got that good gut grinding feeling from missed opportunities SIM is good for this as there
is no pausing and walking away.

I'll take my $11 and store the lessons.

My trend ATM would have probably gathered most to the move up and back down.
I was silly not to implement it.

I have to get used to waking up and clearing the fog a bit better.

... all in all , not bad.



up $11 US cold hard cash lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
Click image for larger version

Name:	10-14-11.png
Views:	149
Size:	328.2 KB
ID:	51988  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to tderrick for this post:
 
(login for full post details)
  #316 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

I wasn't going to give up until it retested the high.

Two more entries


Trade 7

I should have taken profit at the smaller target. I was shooting for the previous high.

+2 on Strong PB


Trade 8

Trading the News release.
Buy Stop set well above the consolidation looking to catch a strong quick move to the prior
high.

+15 target hit


finally


Per my rules my trading time is up.

Up $177.44

better...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
Click image for larger version

Name:	10-14-11b.png
Views:	125
Size:	318.5 KB
ID:	51994  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tderrick for this post:
 
(login for full post details)
  #317 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,279 received

hi there, how comes you keep changing markets so much.

i think it best to focus on 1 or 2 markets and learn their personality :-D

then you get to feel the market and know it almost inside out

big rnd numbers
reaction to certain news
how much volume is traded
if it has strong correlation with currencies
the speed of the market
the big traders contract sizes
if it has a tendency to jump 100 ticks in 5 minuets
best time frames and indicator setting for each market

ect

im going through the exact same war with myself as you have and I use to jump for 1 moving market to the next

but now I have found its best just to focus on just 1 or to and wait and watch for the best trades

it start to make more sense

if itís going side ways

find a sideways range to trade

if its trending

find a good spot to get in and find a reasonable target

I now focus on Cl and 6E

Cl is fast and violent and can jump 100-200 tick easy

were the euro I find trends more not as fast but also not as big jumps in price

both have negative correlation with the DX but the crude can have a mind of its own some times

so you have to watch to see how correlated it is

any ways keep up the good work

Reply With Quote
The following 3 users say Thank You to greenr for this post:
 
(login for full post details)
  #318 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received

I woke up a bit early to catch a few trades in the TF before I get ready
to head to the studio. ... live market in SIM.

This is the time of day I like to trade. Liquidity is a bit dicey, but with the proper
precautions, it appears to work.


Trade 1

I loaded up NT just in time to see a reversal taking place. It was a bit
late for my ideal entry, but I believed the trade still had some room.

+10
Target hit.



Trade 2

The same type of trade in the other direction.

+10
Target hit.


Up $ 200.36 for the morning




My trading has taken a fundamental shift.

I have spent the last week or so going over tons of replay data. I've decided waiting
for the bigger trends is not the way for me. I had an ATM that was geared for this - it
didn't begin to lock in profit until 12 ticks. I sometimes was able to fall into a good trend and win
20 to 40 ticks, but most of the time I was getting either my first level of 7 ticks
or a BE+1

Then it dawned on me. Why not just take 10 ticks every time and look for the next setup.

No guessing on which setup will take off.
Not as many frustrating BE +1's.
No waiting until the consolidation period is over.

I just take every setup that looks good to my eye and let the ATM take over.

My goal is to eliminate the risk as quickly as possible.
After an initial gain, I cut the risk in half and at +9, I go
BE+1.

I am also not afraid of closing the position if it stalls in the 7-9 tick
area. I take the cash and move on. I am tired of the "hold the trade" voice in
my head.

My Method is basically the Roger Felton concept using 5min bars. The other charts are
there to tell me when and where price may turn.

I am seeing certain 5min patterns form over and over. It is a very comfortable feeling.
I hear Al Brooks in my head more and more these days. "It almost becomes boring"

There is no substitute for screen time.
How foolish I was, to dive in to live trading so early.


I believe I could earn a living this next time around...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
Click image for larger version

Name:	Monday.png
Views:	127
Size:	312.9 KB
ID:	52935  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tderrick for this post:
 
(login for full post details)
  #319 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
Thanks: 4,260 given, 2,530 received


greenr View Post
hi there, how comes you keep changing markets so much.

i think it best to focus on 1 or 2 markets and learn their personality :-D

then you get to feel the market and know it almost inside out

big rnd numbers
reaction to certain news
how much volume is traded
if it has strong correlation with currencies
the speed of the market
the big traders contract sizes
if it has a tendency to jump 100 ticks in 5 minuets
best time frames and indicator setting for each market

ect

im going through the exact same war with myself as you have and I use to jump for 1 moving market to the next

but now I have found its best just to focus on just 1 or to and wait and watch for the best trades

it start to make more sense

if itís going side ways

find a sideways range to trade

if its trending

find a good spot to get in and find a reasonable target

I now focus on Cl and 6E

Cl is fast and violent and can jump 100-200 tick easy

were the euro I find trends more not as fast but also not as big jumps in price

both have negative correlation with the DX but the crude can have a mind of its own some times

so you have to watch to see how correlated it is

any ways keep up the good work


I agree with every thing you say and thanks, so much, for the input.

I was actually doing exactly your point. I just couldn't decide which market to focus on.

I love the TF but went to the spot EUR for strictly financial reasons - I didn't have enough
bread to trade the TF.

So now I am back home at the TF. I'm logging hundreds of hours of
screen time (Replay) around my favorite time to trade.

I have settled on my charts and indys.

Now, when I pull up my charts and start streaming the market data, the patterns
of the TF are like the face of an old friend. I can see every subtle nuance of
expression and know just how to react. ... or better yet, when NOT to react.


thanks again.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
(login for full post details)
  #320 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,279 received



tderrick View Post
I agree with every thing you say and thanks, so much, for the input.

I was actually doing exactly your point. I just couldn't decide which market to focus on.

I love the TF but went to the spot EUR for strictly financial reasons - I didn't have enough
bread to trade the TF.

So now I am back home at the TF. I'm logging hundreds of hours of
screen time (Replay) around my favorite time to trade.

I have settled on my charts and indys.

Now, when I pull up my charts and start streaming the market data, the patterns
of the TF are like the face of an old friend. I can see every subtle nuance of
expression and know just how to react. ... or better yet, when NOT to react.


thanks again.

glad to see you have seen the light and hope for the best for you

this game is so hard i think we need to do whats best for us to keep us on the hi% side for success

check my journal out and let me know what you think

may be we can try learn togetha

Reply With Quote
The following 3 users say Thank You to greenr for this post:


futures io Trading Community Trading Journals > AJ's Journal


Last Updated on June 7, 2015


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 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