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AJ's Journal
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AJ's Journal

  #601 (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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Thanks for all the comments. You guys are the best


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #602 (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
Thanks: 4,260 given, 2,527 received

Set Back

Day 4


Trade 1

I'm still not quite right from the fall bush hogging, but strong enough to work.

I come to the charts with the bulls still in control, amazingly, since yesterday at London open.
A short bias is in state since the Euro seems overbought.

I hesitated on the optimal entry on a PB to the vwap, because of the strength of the 5min
bull bar. A strong move back down gave me confidence that the bears may be creeping in this morning.
I enter on a small PB bar on continuation while still within a small range with 1 car. I'm OK
not running two as this is a risky trade and not performed on my part that often and also, a bit
of a chase in my book.

It was also inviting as the target was well off, making a 1 car run worth it.

-10

patience .... 4
emotion of losing ........4
Entry .......5
Risk Management.......... 8

A selling bias hurt me on this one


Trade 2

Calming down a little now, and settling in. The wave of irritation was fairly well deflected.
Man, I hate losing.... must get better at this.

I feel completely out of my game. Going to absorb the lesson and call it.
No trading if I don't trade my plan.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #603 (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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In the Studio


No trading for a bit... Have to pay the bills.



AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #604 (permalink)
Elite Member
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Futures Experience: Intermediate
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Broker/Data: AMP / CQG
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Posts: 1,589 since Sep 2010
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Well.... Maybe a little spot cash Euro when no one is looking


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #605 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
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tderrick View Post
No trading for a bit... Have to pay the bills.


I have seen pictures of your studio. Seems like a great way to earn a living...technical and artistic rolled up into a single endeavor. Equal measures of art and science...kinda like trading.

And , you get to work with motivated poeple interested in improving their craft ( for the most part)

Seems cool to me...of course, the grass is always greener on the other side of the fence.

Do you have sound engineer for the day classes?

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  #606 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
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VinceVirgil View Post


Do you have sound engineer for the day classes?



I'm not getting your question, buddy.... sorry


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #607 (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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First Week of My Return to Live Trading

The Week's Reflection


The good news for the week is that I only had one losing day, so I ended well in the green with 50
ticks or so. I'm not focusing on the money, so I'm not keeping track of the tick count.
My goal is to trade well. The money will be there when I look up.
Seeing how I have never been this consistent in the past, I am most encouraged.


Here is the my last day of trading this week.


I attempted to get a couple hours of sleep on the studio couch after my session and
get up for the London open. My two weak trading days this week were a direct result of not
enough sleep and having to work the same day. That is enough empirical evidence for me.

A new trading rule - I only trade if I am in bed early, prepared to trade
and not working in the studio the day of trading. For some reason, I focus better
if I am "open ended" in my schedule.

I tip my hat to @Xav1029. That man is an animal!! ... trading the London open and then
going to work... awesome.


I was hesitant and unsure but, to my credit, did not chase or take an entry that was out of my zone.
I missed two perfectly fine setups to enter the trend and when I finally did pull the trigger,
my exit was poorly managed.

I think I just needed a Psychological win.

All of the above are, once again, emotionally related.
The key to victory is to know your enemy.
I know mine.

+7


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Now, for moving forward.
There are a few things weighing on me.

My emotions are still a bit suspect.
My trade management is not up to par, but is improving.
Looked at in a different light, both facets are light years ahead of where I started,
so I shouldn't be so hard on myself.
My skills will develop at the speed they will. I can't push the process.

Patience is the key to all angles of this game it seems.


My Charts and method have not changed for at least six months. This means my tool box is complete and
ready to go to the job site.

Ahhh.....the Job Site

Yes. Where am I going to work?

Where, in the past, I would mold the way I traded to the market I was in, now I have the wonderful
confidence builder of knowing my game and letting the market come to me.

So this week I have been testing different markets to see which one fits my trading method best.
The 6E gave me my winning week, so this is the obvious choice.
I also have wonderful peer support with other traders who will be trading this instrument and
are at a similar developmental point - @Xav1029 and @Silver Dragon.
We may be able to help each other get over the final hump and get through the Combine, which, I believe
we are all about to attempt.

As an option, however, the YM appears to paint the bars a little cleaner and gives me very clean signals.
The tick size also allows me to run multiple cars and still stay within the 1% risk per trade rule that I honor religiously.
Perhaps the YM for my personal account and the 6E for the Combine. We shall see.
They seem to move in tandem at times, so perhaps, both...

So here I am. At the tipping point of being an average trader, scratching around BE on his account for
year after year, or really moving this thing up a step and being All-Pro.

The future is very exciting, but I also realize the hardest work may lie ahead.

Never Quit.
D4 - Desire, Determination, Dedication and Discipline.

Wagons........ Ho!!!!!!!

Go Gators!! Beat Gamecocks!!!

------------------------------------------------------------------


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #608 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
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Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
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tderrick View Post
I'm not getting your question, buddy.... sorry

I meant, if you taught classses in your studio, I would pay to attend.

Even though for you it pays the bills, for me it seems like a really cool hobby.

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  #609 (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


VinceVirgil View Post
I meant, if you taught classses in your studio, I would pay to attend.

Even though for you it pays the bills, for me it seems like a really cool hobby.


Ahhh.. ... no time for teaching I'm afraid...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #610 (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

Week Two Live Trading


Monday


Trade 1

Consolidation formed at a resistance level and TL
in LT downtrend which also formed a DT within the trend. Perfect short
I may have waited a bit too long to place my limit order to go short - the bulls seemed
strong so I was a bit wary. Order placed at top of VA of consolidation area. Short

Not Filled

Trying to balance patience with solid confident reaction to PA..... Tough.

Price breaks down to the vwap and I take an impulse bounce trade with little
confirmation

2 cars crash

-9

Overly patient / Failure to pull the trigger, followed immediately by impulse... hmmmm


Trade 2


A pin bar forms and I take one more try long.
Price crashes though my order and put's me in instant heat. I lose my first car and make room
on the second, against all rules.


Trade 3

I scale into a loser at the last chance point for bulls, IMO.
I am breaking all the rules,
1 car get's taken out leaving two. Price finally turns in my favor.
I cash out the first car at 10ish and leave the other for a runner.
At an impulse, a close out the runner as soon price stalls - even though price was far enough
from the entry to go to BE +2.... there was no risk left.

I simply do not understand this behavior. It is not fear of losing money. I'm risking like .01 % on micro futures.
It boils down to wanting to be correct on every trade

All trades for the morning BE


I have developed a weird hangup where I need to start with a winner. This is all mental and made
me miss my standard trade at the beginning... then leaving me a little in revenge mode.

I'm in a strange period in my trading.

The emotional trip went something like this....

I get to the screen with a classic PB to the hourly TL in affect.
I am very patient to make sure price consolidates a bit.
I place a limit order short. I take it off. I put it back on in a different place. I take it off
Price sells off without me.
Price pauses at the vwap. Order long playing a bounce - hammered, decisively.
Price forms a Pin bar at support. Order long. price moves against me taking out car 1.
I move car 2 down to "make more room" are you kidding me?
I scale into a loser at next support. 1 car is taken out. ( at this point I emotionally "caved in" - what's
one more rule broken?)
back to 2 cars.
Price finally breaks long. I take 1 car off at my standard 10ish around closest SR.
I let 2 run.. .... sort of..... closing out as soon as the account is BE...

absolutely ridiculous..

no charts to post as the technicals are not my problem.

... trying to absorb the lessons and move on.

in the studio tomorrow so no trading until Wednesday.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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