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AJ's Journal
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AJ's Journal

  #431 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
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It looks like its coming together!nice work

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  #432 (permalink)
Banned: Vendor self-promotion
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tderrick View Post
I have to admit, I'm a bit surprised at the trading month data, as I started out pretty week.

I set up the spreadsheet as I will trade my next live account.

I will start with $3K and stop trading at a 50% drawdown, although I'm confident that won't happen.
I have more saved up than the $3K, but I want to start small. I should be able to double the account
quickly with the stats I'm putting up. ...of course we all know about sim stats Kinda like counting
batting practice as hits.

Any hoo, I'm proud of the numbers. A couple more months of proving to myself I can trade, I may
release the hounds.

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  #433 (permalink)
Elite Member
Nashville, Tennessee
 
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Broker/Data: AMP / CQG
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The April Studies


4-2-12 study


Price is grinding down on all charts, so I look for the quickest way to enter short.



Trade 1

1118pm Sell Limit @ 830.7 - 2 tick below last bullish peak - looking for a retest
1130pm filled
1156pm +8 and approaching a potential DB
1236am +12 / BE +2 and slowly moving through support. Target set at Yesterday's low. +63
122 +16 Can't move stop yet - expecting one more big PB
150 +10 Volume is low this morning,
200 +12 the Bears appear to be here with the London Open
207 Wrong

+2



Trade 2


Well ... The bulls have arrived - I wait

221 Holy Cow this PA is nuts..... just can't trade
245 I see no logic to the market today

I'm out

$16.38 for a nice lunch somewhere

I can see that I would get impatient and start pushing in entries. I'll just work on the currencies for
a bit.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #434 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
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I finally read everything.


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #435 (permalink)
Elite Member
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Broker/Data: AMP / CQG
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I'm Back

4-2-12 study cont.


Well crap... I felt like I was quitting, so I came back to trade.


Trade 2


230 Price was flailing around with no direction
245 Bulls attempt to take control
300 I should have entered short at the edge formed at around 830, This is MY trade - nice tight stops
315 It's obvious that the bulls are failing.
330 A strong move down and I wait for the PB bar - it's small -Sell Stop placed 1 tick below continuation bar.
Price blows through.
340 I get ancy when price exceeds my daily profit goal , I close the stop tight


stopped out

+33

$300 for bills
$45ish for the machine


The Good, The Bad and the Ugly



The Good

I didn't give up. I came back and won.
I knew I had to take the breakout trade - It was going with or without me.
I recognized the small TF PB bar meaning strong continuation.
I placed the stop in the correct place. I said to myself " Well, this trade is the stop loss for the day or it will run to the
low of yesterday, at least - all or nothing"



The bad

Had this been real time/cash markets, I would have walked away without my daily earnings.
Only to return later, because I hate to quit, to find the market had run away with out me. I don't take that well.



The Ugly

I missed the correct entry on trade 2. This is my favourite trade!! I was hypnotized by the market.
I snapped to when the bears came on and took my least favorite trade - The breakout.


Lessons.

Do not close up your charts unless you have hit your daily stop, hit your daily target or run out of your
personal market hours.

I'm getting pretty good at hunting down these TF runs. I have to be patient.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #436 (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
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4-3-12 Study


I'm getting to the point where I don't feel normal unless I'm watching price action
Even When I am at the studio, I have some currency charts up to watch my swing trades.

Man, I am totally hooked...

How about a little Market Replay with some Hockey Replay

Today I revisit the Target of 15's. I always seem to hit this number. Sometimes it moves on.
Sometimes it comes back. Let's see If I can do as well or better by just collecting these everytime
with a few more entrys. I will move to BE +2 a little quicker because I will be in some battle zones, I'm sure.
I will take all big moves counter with small stops.




Trade 1

1136pm The bears have the first big move. Buy Limit @ 837
1154pm +10 / BE +2
1215am target filled

+15


Trade 2

Short immediately at formation of flat bar. ( _ ) Sell Limit at 838.5

(Note************************ I suppose I could just REVERSE these, but I prefer to observe the following bar)

1229 -2 taking a little heat.
107 +1 with tight churning - no volume
128 +5 PRice stalls near MA .... not good
143 -3 retest of high - HH
201 +13 / BE +2 London saves me
205 Target Filled

+15


Trade 3

205 Buy limit @ 836.8
209 Not filled - moving to PB bar Short - @ 837.8 "inside" PA not my favourite
211 Filled 837.8 / tighten stop 2 ticks
216 stopped out 838.2

-4

*********************NO - Bad trade - Inside PA, near MA = gambling**************************


Trade 4

222 price battles at MA
305 Price stuck "inside"
308 Crap... I see a BO entry coming again.. I won't know who wins until it heads out- hard
310 Volume came in hardest to fight the bears *************************
330 Pure Barb Wire on the 30min chart arghhhhh



OK, I have to call it... I'm simply out of time and it was a good pay day.

$249.14 for bills
the account goes hungry today.

I'm not sure about the fixed targets gag. Perhaps a mixture of the two. I'm sure, when price broke out
of the channel, I would have moved the target to something logical... hmmmmm

Damn... the never ending battle of trade management. When I trade with small, fixed targets, I just feel
like I am not trading "correctly" - Am I destined to be a trend trader? - It appears so.

A good day

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AJ
Nashville, Tennessee


"Life On The Edge of SR"

Last edited by tderrick; May 2nd, 2012 at 02:42 PM. Reason: idiot
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  #437 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
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tderrick View Post
4-3-12 Study


Today I revisit the Target of 15's. I always seem to hit this number.

I did a test on TF 15 tick targets on 5 tick range bars last week. Don't know if this is useful since it's on range bars.

But maybe the spreadsheet will be of some use. You can change the input for Target Ticks and see the effects.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Attached Files
Register to download File Type: xls EMA8_April_2012_MS.xls (342.0 KB, 19 views)
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  #438 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
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Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
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ThatManFromTexas View Post
I did a test on TF 15 tick targets on 5 tick range bars last week. Don't know if this is useful since it's on range bars.

But maybe the spreadsheet will be of some use. You can change the input for Target Ticks and see the effects.


Hey, Texas

What is your advice on playing for all things to be a BO / Trend (meaning some will come all the way back for a
BE even when having 20+ ticks in the bank) versus banking every 15.

I have struggled with this since the beginning.

Your input is always appreciated

I'll check out the .doc and thanks


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #439 (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

I had to finish it

4-3-12
Continuation

I came back to finish out the day. I have to learn to sit through the chop and recognize who is winning
the battle and when to enter the market. I going start logging a bit more time and build up some
mental endurance so I can trade a bit longer.


Trade 4

400am I notice a series of LH's and LL's no matter how messy.
415 I find a nice PB wick and place the Sell limit 1 tick below the edge of the wick
420 Filled at 837.6
450 +12 / BE+2 .... no volume to support this move down - I expect a bounce.
511 target filled


+15


Trade 5

512 Price is not moving well, should be able to play both directions - but a bearish trend
521 Buy limit 836.1 filled - counter trend / Strategy says 10 ticks and out on counter trend trades.
528 Target hit - to the Tick!! Ha! payback for all those to the tick stops

+10


Trade 6

530 Right back in short- sell limit @ 837... 1 tick below wick... back to 15 tick target - with trend entry
541 Price leaves me without a retest - no fill
546 I'll hold and wait for one more test try
606 Filled at 837
616 +10 / BE +2
617 Target hit

+15 to the tick... getting weird - Two in a row.


Trade 7

621 Buy Limit long @ 835.6
622 Filled
626 Stopped out


-5


Trade 8


630 Buy limit at 834.6
634 filled
640 Target hit

+10


I give... My brain hurts.

With the three trades from this morning that makes....

$300 for bills
$371.04 for the beast.

I had to put my hard hat on for that! I felt like my good friend Mr. Felton trading the ocean waves!!

Most of the wicky edge trades worked well and the 15 / 10 targets have always worked well for me
in TF. I may have something here.

Another Month or two of hard data will let me know.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #440 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

A Battle


4-4-12 Study

Yesterday's selloff continued all day after I quit trading.
Consolidation is forming at the usual time, located at yesterdays low.
I'm expecting a bounce up.


Trade 1

1120pm expecting a test of the low ..Hesitate to place a blind order ... will observe reaction to test
1143pm Bulls close above MA for first time
1200am good bounce off low ... buy limit at 827.2
1206 touched / not filled ... keeping order... It has to test at least 1 tick lower
1221 edge formed... looking good for a long.
1230 filled at 827.2 / counter trend target of 10 tick rule in effect until bulls prove themselves
115 +6
140 and price stalls .... stop tightened 1 tick
156 big retest bounce...... this may go for much more. Target stays. .... London Pending - moving to BE+2
200 London saves me...

+10


Trade 2


204 bulls are trying to leave me behind
209 huge bear PB bar bounce off vwap........ bears are not done .............. looking short
213 weak bounce off bottom .... need a nice bullish bar wick
215 30 min chart shows big rejection of MA............Volume creeping in........buyer heavy on DOM ..... hmmmmm
217 can't tell
218 Sell Limit on retest of vwap 828.5 - 1 tick below wick.... not filled
226 edge forms lower...... Sell Limit 827.7 - 1 tick below wicks.....not filled
231 price breaks down and leaves me.... arrrghhhhh that was close!!!!! 1 tick!! Order cancelled
245 I spot a target lower at support
247 Not filled on Fade @ 825.6
254 Sell Limit @827 ... 1 tick below wick to MA.... hoping for retest of bottom
301 Not filled .... Rats... not working so good today... but better no fills than 3 stop outs-- the trades are
inherently safe, it seems
304 test of the bottom .... and then some. Well my bullish bias bit my arse today... Have to wait for the real
bottom
305 ******************Trade what you see!!!!*********************************
307 305 Buy Limit @ 825.4 filled long counter trend rule .......10 tick target


+10



Trade 3

325am the bulls run to test the vwap
329 Vwap rejection ....... Sell Limit @ 827.3
338 Lowering order to MA - Must get filled this time increasing stop... Targeting S2 .....Filled @ 826.9


+31 and out

wow.... could not get filled today....

$300 for bills
$199.14 for the machine

A good learning day... I'm trusting too much in the counter trend gag. I get myself on the wrong side of
the market. Must stay with trend more. Stop looking for a bottom / Top

A good day, but tiring

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"Life On The Edge of SR"
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