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AJ's Journal
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AJ's Journal

  #491 (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
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7-1 replay study

I was a little premature in my reversal thinking today.

I was sure that the market was going to reverse hard after such a huge day on Friday.

This is Market Bias, and I thought I had that firmly behind me.

Had I been thinking correctly - knowing I was going counter trend, I would have used my
10 tick target on trade 1 which is my max target on true fades.

On trade two, I had good reason to believe the market was exhausted, so a PB close to
vwap was probable. Almost picked the target to the tick... I liked that trade.

I traded all the way to 7am waiting for the huge counter move that never came.

Almost made daily goal
the bills were paid, however. just a little less to the account

a good day.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #492 (permalink)
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7-1 chart

Damn .... I forgot the chart again

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AJ
Nashville, Tennessee


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  #493 (permalink)
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Entry error


The above two entries were from 7-2-12 not 7-1-12.

...as you were


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #494 (permalink)
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7-2 RTH Study

hmmmm....

The apparent benefits of RTH -

1. My technique appears to work in the higher volume scenario
2. I see what MP is telling people now.
3. Much higher liquidity

It's also interesting to see where the players trading size enter - the classic 5min bar PB entries - waiting
until the first one or two transition bars are overtaken in the direction of the trade.
You all know that gag

I much prefer trading these DT's at the extremes.

Even my one loss on the "inside" of PA didn't miss by much.
Just a couple of ticks away from a perfect show.

It would be nice to wake up a semi normal hour
Ideally, It would be great to trade from 2am to 11am, but I'm not sure I could focus that long, or
sustain that life style.

I will most likely still start with the London open, then graduate to RTH when I'm convinced my
rig is solid for live trading. MY internet connection may like the low traffic of the over night better.
All this will be worked out in time.

Dang, I'm close.

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AJ
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"Life On The Edge of SR"
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The Last Few Days

I just posted up some notes to myself to help during my first few panic attacks when I go back live.

...just a few more days of honing in the technique.

Scared as hell, yet terribly excited. ....like the first day of school...

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"Life On The Edge of SR"
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  #497 (permalink)
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7-3-12 RTH

Tuesday, 7-3-12 Market Replay Study RTH

My studies continue concerning running with the Big Dogs. = RTH
I fired up at 4am central time

The Market was in a tight, slightly bullish channel and it was the day before the 4th of July.
I wasn't going to be greedy.

Scalp Time. Targets = 1/2 size of channel. My 8 tick ATM should work nicely


Trade 1

Sell into strength after pin bar.

+8



Trade 2

Buy into weakness at formation of price edge.

+8



Trade 3***********************************

A bit premature in my fade. The spin top bar was not a strong enough signal of reversal**************

-4


Trade 4***************************

A little hasty in my re-entry, but it worked out well******************************
I should have waited for one more bar. That would have gives me my "edge" signal

+8


Trade 5

Buy limit at formation of sell pin bar.
eventually filled

+8

I almost made my daily goal by the open.... no such luck.
I'll have to do battle with the big boys.


Trade 6

I wait for the dust to clear after the open.
Bulls in firm control. First target appears to be R2 / Small Time Frame.
Price bounces off R2 to the tick ...Sell Limit quickly, looking for the retest.
Fade filled to the tick!!!

+8

Daily goal hit

Not bad, Not great = a perfect trading day

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #498 (permalink)
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Reminder Adjustment

I'm adjusting the mindset of some of my trading reminders, after some very good advice from my
trading friends.

This is the best trading community on the planet.... have I said that lately

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #499 (permalink)
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7-3-12 ETH

Tuesday, 7-3-12 ETH replay study

No setups until after the London open today. Pre-holiday slowness, it appears.

Then a nice, slightly bullish channel formed, giving me a steady succession of entries all the way
to 600am, when I achieved my daily goal.

I traded very well.

I was Patient.
I rejected tempting setups that were not my trade.
I held to target all but the last trade. I closed one tick early knowing my goal was exceeded.

That's about as good as I can get at this point.

Channels are definitely my element. You put me in a trend and I might as well go make some
coffee and brush out some horses. I just can't find my way into those things yet.

Oh well, always something to master in this game. I love it !!

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #500 (permalink)
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Nashville, Tennessee
 
Futures Experience: Intermediate
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Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Insight


A funny thing happened on the way to the trading desk this morning...

I have been getting myself in the habit of waking up an hour or two before the London open
and syncing up the clocks of real time and replay. Trying to make it as real as possible.

I have pounded home this one main entry of mine so much, I can glance at the screen as each
5 min bar closes, watch the formation of the next bar and see if I have set up. If not, I go back
to reading the "The Daily Trading Coach" or beat around futures.io (formerly BMT) or whatever. My wonderful bar timer
goes off at the last 30 seconds of the bar and let's me witness the transition - Beautiful.

I used to just pain over every second and go in on iffy entries out of shear boredom.

The key is -

KNOW it's your trade - most win- Put in the order and then "Distract Yourself"
I used to sweat over every tick gained or lost - That always lead to bailing out for me.
Keep a good RR ratio and enjoy the entry. You have tested the crap out of it. The odds are
with you. YOU HAVE AN EDGE. YOU CAN NOT LOSE IN THE LONG RUN.

I think I finally have my mind right

Just a bit more practice with the psycho aspects and time management and I'll be ready.


AJ
Nashville, Tennessee


"Life On The Edge of SR"

Last edited by tderrick; July 8th, 2012 at 06:48 AM. Reason: typo
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