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AJ's Journal
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AJ's Journal

  #471 (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

Work it, Work it

My study of the London open of TF continues.
Fading the extremes is my bag.

...fine tuning my price targets. Entries vary only by 2 ticks, depending on the nature of the bar.

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More of the same


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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #472 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
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tderrick View Post
Friday, 6-15-12 Replay study

I have dacumented enough of my trading thought process for myself, so from now on I will just
post a chart with a few comments on the trading. I have my plan firmly engrained.

I'm steadily refining my wick entries by observing how violent the PB's are and where they are
located within PA. I then modify my stops / targets occordingly.

Seems too good to be true. Thus, the extensive testing.

Time to test your mettle in real-time, methinks?

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #473 (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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Adamus View Post
Time to test your mettle in real-time, methinks?

I have almost overcome my fears from my first drawdown. I keep waiting for a period where
this technique doesn't work.... just a little more testing to make sure.

I am one of thousands. I thought I could just jump right in and make money. I will be much better
prepared this time around - Thanks to futures.io (formerly BMT).


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #474 (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

C'mon

I took every entry I could think of and I can't make this thing draw down.
This is really creeping me out.
...just a little more work on my mind

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #475 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
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Favorite Futures: NQ, YM and ES
 
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My Rules and Regulations

Thursday, 6-21-12 replay study

I am very close.

My final preparations involve my mind. I'm absorbing "The Daily Trading Coach" and applying it, not only to my
trading, but my life as well.

My technique appears to be sound.

I am documenting my rules and trade for reference and modification in the future.

My Rules

1.) Protect my capital.
2.) Use good RR. I will apply this by using 1 : 3 ratio on a small scale involving 5 minute bars.
3.) I will not take any BO trades.
4.) I will only use limit orders at Price Areas I have researched to be successful more times than they are not.
5.) Protect my capital.
6.) I will stop trading when my Daily Target is hit.
7.) I will stop trading when my Daily Stop Loss is hit.
8.) Protect my capital.
9.) Rules 6 & 7 will be modified only after I have been profitable for 1 year.
10.) I will protect my capital.


The Definition of my trade is...

1.) The Signal Bar. This is a 5min runner bar of good strength. ( several may occur )
2.) The Transition bar. This is the bar that siganls exhaustion with a sizable PB wick in the direction of the trade.
3.) The Limit Order is placed either at the tip of the wick or, 1 to 2 ticks in, depending on PA. The order is filled
when price re-tests this level. Stops do not need to be far above this level. I use 5 to start, but usually lower
it quickly as price pulls away. Price rarely exceeds the exhuastion wick by more than 1 or 2 ticks if the trade is
chosen correctly. Usually it comes up 1 or 2 ticks short.
4.) The ideal trades, of course, are around SR levels. But, not exclusively so.
5.) Avoid taking trades on the "Inside" of PA. Meaning, the trade should be a swing point.


Daily target hit on today's testing


'


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #476 (permalink)
Elite Member
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Futures Experience: Intermediate
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Broker/Data: AMP / CQG
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Chart

oops... chart from previous post

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AJ
Nashville, Tennessee


"Life On The Edge of SR"

Last edited by tderrick; June 27th, 2012 at 03:06 PM. Reason: idiot
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  #477 (permalink)
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Kent, England
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: Infinity
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Posts: 196 since Jul 2009
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London Answering

Listen, if this trading gig does not work out for you, I believe you should turn your hand to writing thrillers. The suspense you are building up in this thread is palpbable.

I am looking forward to the next installment with great eagerness.

Sincere best wishes

Chris

PS, I know you are a night owl, but have you ever tested your system against candles that appear during the daylight hours??

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  #478 (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


Mickey Caine View Post
London Answering

Listen, if this trading gig does not work out for you, I believe you should turn your hand to writing thrillers. The suspense you are building up in this thread is palpbable.

I am looking forward to the next installment with great eagerness.

Sincere best wishes

Chris

PS, I know you are a night owl, but have you ever tested your system against candles that appear during the daylight hours??


lol I wish I could pull down a pint or two with you, my friend, and discuss it further!


Price is more deliberate around the London open, it seems. I'm sure I will end up in the daylight eventually.
For now the lower volume gives me a little more time to see the setups. Plus, it is nice and quiet around the
farm in the middle of the night ... lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #479 (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

6-22-12 Replay Study

Two good setups to meet my daily target.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #480 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
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Posts: 3,155 since Mar 2010
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You're running out of days to replay...time to go live?????????????

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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