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)
  #521 (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've been sitting in front of the screen for hours and hours.

I'm really starting to "feel" the market flow. Of course, it's a little easier with the Market Replay running
quad time, but that is a necessary evil to test as many entries as possible in the shortest time frame that
still resembles reality.

I've learned the Live Market slow down gag now. I just need to get into that marathon runner 10 mile
stare and just Zen out with the market.

A cool thing I've stumbled into while working with letting the winners run is Scaling In.

As soon as I recognize that the TF is on one of it's 60 - 100 tick journeys and after I have locked in
a profit after surviving the first Major Pull Back, I start looking for the next deep PB close the the vwap
to scale in one more car. I find there is little risk in this and much reward, as the trend is Proven to me.
I have scouted my hourly chart and I know where all the major levels are.
After I observe the Character of the first big PB, and weighing that against the thrust of the
initial move, I know if the trend has legs or not.

I have been targeting the first major hourly S/R level with a 23 tick trailing stop after I have locked in
my 1 : 2 RR.

I have found 23 ticks stays clear of most normal PB's and allows the original trade to stay current
as I scale in. If I get stopped out on the TS, price is most likely starting to wane.

Fascinating

This is all a separate strategy to my channel technique of hard fading the edges.

One for trending days.
One for Range days.

hmmmmm......


Now where is that Ferrari dealer located, 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 4 users say Thank You to tderrick for this post:

Can you help answer these questions
from other members on futures io?
Multidata
EasyLanguage Programming
Tips for directional bias during Asian Session?
Traders Hideout
value chart indicator by sim22
NinjaTrader
Tick Data Group Buy
Emini and Emicro Index
mahDualCandlePattern
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
100 thanks
How many day traders are profitable?
58 thanks
how many hours per day do you watch the market?
15 thanks
Why you should move from futures to forex
15 thanks
Attached Orders
13 thanks
 
(login for full post details)
  #522 (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 want to jot this down while I'm testing it, so as not to forget.

I have been using naked Limit Orders more and more based purely on PA and levels.

I have been placing another order just behind it and in front of my stop to catch any overshoots of
the original plan.

It makes the heat much easier to bear, knowing I may have an even better entry than the original
and two cars running at the optimal position.

I am only using these at "brick wall" S/R levels that I am 90% sure will bounce at least enough to
tighten my stop two ticks above / below the swing.

More screen time...... more screen time...................... more scree...........................



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)
  #523 (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 wonder how close I am to my 10,000 hour masters degree in tradonomics. Lol




Aj

Sent from my iPhone using Tapatalk


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)
  #524 (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've been working on my entries during trend.

I have found an interesting phenomenon.

Research back to a previous PB in an established trend and find a large bar that ends with a wick followed
by a common edge of consolidation. This area can be quite brief.

Place limit Order at bottom of body of large bar and wait for the next PB.

This order should look "correct" in the contest of the 20ema and vwap.
These seem to be good areas to enter a trend or add to postition.

This appears to work with large bars moving either way in the trend.
Meaning the set can appear in the move up of a bull trend and then
would be the target of the next PB.



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)
  #525 (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

Now, if I can just have the focus to pull this off live.



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 2 users say Thank You to tderrick for this post:
 
(login for full post details)
  #526 (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 working on this gag for range bound opens.

I have noticed whip saw at the open many times. But, it always seemed to be semi- structured.

The perfect day to trade this seems to be the slow, range bound day following an extreme
trending day.

It becomes obvious just before the open that price is unsure. Perfect for the "rattle" trade

I simply fade the wicks each time, in both directions. Obviously, I'm not the only one doing this.
It is quite orchestrated.

The first two trades were blind limit orders using my tight fade strategy expecting, first, a test of the
bullish hammer bar, and then, the low of day. Two fades I will take every time.

After making sure the open didn't explode, I placed the orders immediately and waited. It didn't take long.


$8 bills in 12 minutes.... Are you serious ?? That is almost lawyer money !!!


more screen time!!....... more screen ........time..................more scree....................................................................................................................................................



AJ
Nashville, Tennessee


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

Name:	Open_Test.png
Views:	162
Size:	329.4 KB
ID:	81422  
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)
  #527 (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 the gag I read before trading every morning

It is constantly being added to and tweaked, but never any major "theory" changes.


_____________ TF ______________
traded on NYBOT/ICE exchange


Russell 2000 Rollover
Quarterly - Two days before second Friday
in March, June, September, and December
Thurs before 2nd Fri

3-16-12, 6-15-12, 9-21-12, 12-21-12
______________________________________________________________



" Let Your Winners Run, and Cut Your Losers Short "

"Trade What You See"

"The Trend is Your Friend"




D4: Desire Determination Dedication Discipline


Start Up for Trading
__________________________

1. Pause Carbonite
2. Set Clock
3. Deep Breath / Relax / Trade the Plan - 50% Wins makes you money!!! Easy
Observe PA for a bit - Don't jump right in - Absorb the context.
5. Launch NT
6. Double check ATM Strategy and Spread on DOM
7. Make sure 5min chart resolution is proper ( Tick Scale at 5 tick Resolution)
8. Start small / get a win !!
9. TF runs are typically 60 - 100 ticks
10. Keep an eye on Volume and News Reports!!
11. Mark your Tradeable boundaries - Strong S/R, Confluences, etc.
12. If it is a slow news morning, odds are the open will be calm. Hold if in a good trade. (No news at 8:30)
If you trade the open, Use the Fade Strategy. Price will whip saw.
IF the pre-open appears range bound and conflicted, trade those wick bounces 'til you lose.
The above type of day will occur after a strong trending previous day.
13. Good "Brick Wall" trades
Previous day High / Low
" " VWAP
14. The steeper the 20ema, the more you can trust a touch of ema for entry.


Trading Hours --------

2am-11a


------------------- The Rules -----------------

" Most Breakouts are Fake Outs "
" Do not exit your trade early because you're "afraid" the market will turn on you. Let the market take you out. "



________________ My Plan _________________

I am a contrarian trader.
Wait for a retest of the extremes on the "Outside" of price action on each swing.
Make sure you are trading the "Outside" of the current "Ocean Wave" swing.
Avoid taking trades on the "Inside" of PA.
Do not take Break Out entries
Do Not Get Greedy!!! Stick to the Plan with the reasonable targets.
"An Edge" is an area with 3 or more common points
TF runs are typically 60 - 100 ticks


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 6 users say Thank You to tderrick for this post:
 
(login for full post details)
  #528 (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

The study of Price Action as it relates to the 5, 15, 30 minute and hourly charts is absolutely fascinating.
The interaction between them is perfect, The study of all at once give you the exact mood of the market.

What a wonderful way to consume the rest of my life.

If only I could have discovered this when I was a younger man



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)
  #529 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 868 received


tderrick View Post
What a wonderful way to consume the rest of my life.

If only I could have discovered this when I was a younger man

You're right on time.

I found this when I was a younger man. But it hasn't been until now, when I'm older, that I'm beginning to discover it.

Enjoy.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Reply With Quote
The following user says Thank You to AttitudeTrader for this post:
 
(login for full post details)
  #530 (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



D4YTR4D3R View Post
You're right on time.

I found this when I was a younger man. But it hasn't been until now, when I'm older, that I'm beginning to discover it.

Enjoy.



You're probably right. I would have been sitting at the screen drinking beer and smoking cigarettes.

Not very conducive to learning.

I hope you don't mind me lifting your sig for my pre-game motto !!


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