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)
  #31 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,392 received


tderrick View Post
Things are going well as I revamp my system...

Good Success with CL

YM is still baffling me. Break even


I'm giving range bars a swing. I really like them.

Using an EMA with some Fib lines, along with SR as my main guide.

Trying to really get in tune with PA on these two markets...

Anyone know of a solid EMA that will give me the best cues possible???

I went ahead and moved up to NT7 since I'm revamping my system anyway. Solid so far..

Will start posting some charts for entry / exit advice when I settle completely on my rig..


thanks to all for the help in my journey... I'm re-juiced. I'm filling up my trading account
quickly and should be back in the game in a couple of months with a decent sized account.

The idea here is to pick one that is slow enough to reduce the noise. I say an EMA no less than 20 or perhaps a WMA set to 15 or 20. I like longer ones too but they reduce the number of signals.....which can be a good thing depending on what you are trying to accomplish. The CMA here on the forum has no settings so it can be good to start with. I personally use a WMA at 15 on my range chart and a TEMA set to 150 on my tick charts. These provide a nice confluence when used to filter each other....I only take trades when they agree.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 2 users say Thank You to PandaWarrior for this post:

Can you help answer these questions
from other members on futures io?
Williams Fractal (NT8) indicator - Alert function implem …
NinjaTrader
mahDualCandlePattern
NinjaTrader
Multidata
EasyLanguage Programming
value chart indicator by sim22
NinjaTrader
Help figuring out how to calculate a VWAP study in excel
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
122 thanks
How many day traders are profitable?
64 thanks
how many hours per day do you watch the market?
17 thanks
Hedging NQ and MNQ 1-10...
13 thanks
Prop Firm Combines Criteria
12 thanks
 
(login for full post details)
  #32 (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

This is my first day back with my re-vamped system.

Starting slow in Sim, just as I will do when I get my account properly funded and return to
live trading.

First week goal - $100 / day

Day one - Profit target hit with two trades. Got chicken on the first, but hung on to the second.

Thanks to all who have helped me with my new system!!


AJ
Nashville, Tennessee


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

Name:	CL 11-10 (6 Range)  10_5_2010.jpg
Views:	227
Size:	67.2 KB
ID:	21737  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
(login for full post details)
  #33 (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


... took a few more trades in Sim after my goal was met for practice.

up $255 for the am...

I like the CL with range bars. I can read it well.


AJ
Nashville, Tennessee


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

Name:	CL 11-10 (6 Range)  10_5_2010.jpg
Views:	189
Size:	81.2 KB
ID:	21780   Click image for larger version

Name:	CL 11-10 (6 Range)  10_5_2010_2.jpg
Views:	185
Size:	81.0 KB
ID:	21782  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to tderrick for this post:
 
(login for full post details)
  #34 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 984 received

Be careful with CL, it can overwhelm you in the blink of an eye, if you give it too much confidence.

Take your Pips, go out and Live.
Luke.
Reply With Quote
The following 3 users say Thank You to LukeGeniol for this post:
 
(login for full post details)
  #35 (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: 50,182 since Jun 2009
Thanks: 32,680 given, 99,541 received


LukeGeniol View Post
Be careful with CL, it can overwhelm you in the blink of an eye, if you give it too much confidence.

Indeed. CL is not for inexperienced traders. You also need at least a $20,000 account to have a chance, just trading 2 contracts with a 2% risk and 20 tick stop per.

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 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #36 (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


Big Mike View Post
Indeed. CL is not for inexperienced traders. You also need at least a $20,000 account to have a chance, just trading 2 contracts with a 2% risk and 20 tick stop per.

Mike


What instrument would you suggest then?


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 user says Thank You to tderrick for this post:
 
(login for full post details)
  #37 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,392 received


Big Mike View Post
Indeed. CL is not for inexperienced traders. You also need at least a $20,000 account to have a chance, just trading 2 contracts with a 2% risk and 20 tick stop per.

Mike

CL has less chop, moves smoother and quicker than almost any other instrument I've seen. If a person trades it well for say 60 days on sim, is able to make money or at least not lose any, why not trade it. ES is a bear to trade. The only reason to be there is massive size. YM, $5 a tick?

I agree with the account size thing for the most part, but still, CL is a great instrument. I don't think people should be so scared of it. Break out traders need a 20+ tick stop, but other systems don't. Gary trades it with a 12 tick stop. Thats reasonable for more people and there are many of us who are not break out traders. It makes sense to me that you would want to trade an instrument that moves like CL IF and its a big IF, you have a good system with a defined edge and that system has stops you can live with.

The fact that CL moves so fast sometimes is a good thing. Both for stops and profit targets. Why wait for 30 minutes in ES to find out you got stopped out or your profit target is hit when CL can do it in seconds or minutes? As long as you are reading price action well.....and this is true for all instruments, CL is superior in many ways.

Anyway, regardless of the reasons, if you are new to CL, trade it in sim no less than 30 days and preferably 60. If you can do it well during that time, you have at least $5-10K to trade 1 contract, (depending on your normal stop size) then I say go for it. Carefully!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 2 users say Thank You to PandaWarrior for this post:
 
(login for full post details)
  #38 (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

Up early to see what the the London session is doing to oil. Not bad movement.

One trade, One win... Profit target met.

I had time to do my sit-ups while this one worked....

I have big faith in this MA based system... Fib lines are fascinating.

Will try a few more for practice during pit session. But if I were live, (come on savings!!!) I would be out for the day,
in accordance with my first week plan.

I plan on using my Christmas bonus to finish off the funding of my account.
That means I will be live to begin the new year...

Until then..... Sim it is.


AJ
Nashville, Tennessee


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

Name:	345 am Trade.jpg
Views:	184
Size:	80.8 KB
ID:	21848  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to tderrick for this post:
 
(login for full post details)
  #39 (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

Pretty good sell-off this morning...

Thought I would jump on...


This is my second trade today... good set-up, I think...


AJ
Nashville, Tennessee


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

Name:	6am Trade.jpg
Views:	195
Size:	67.1 KB
ID:	21862  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to tderrick for this post:
 
(login for full post details)
  #40 (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


OK.... good lesson...

Don't enter your data in your log or post to your Journal until AFTER you trade...

...missed a beautiful bounce at prior support at 82.40 ... I knew that was coming..


rats


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 user says Thank You to tderrick 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