AJ's Journal - Trading Journals | futures io social day trading
futures io futures trading


AJ's Journal
Updated: Views / Replies:56,445 / 736
Created: by tderrick Attachments:320

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 320  
 
Thread Tools Search this Thread
 

AJ's Journal

  #631 (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

Update / Weekly Refection

First the update...

I have sessions on Monday and Friday of next week which leaves me three days to update my system.
The HD in my MacBook has been at the edge for a while, so I will be putting in a new drive along with
More RAM and a fresh cooling fan.

I will be updating the Mac partition from Snow Leopard to Lion > Mountain Lion and updating the
BootCamp partition XP to Win 7 Pro.

After all is debugged, I will finally pull the trigger on a VPS from @sam028 and start trading a bit larger positions.
I don't trust my internet out in the country at the house and the studio Wi-Fi is finicky sometimes if there
are a lot of people in the studio.


Now for the trading Reflection.....


I have had some interesting adjustments in my trading approach.

I have carried a swing position in my cash spot account in Euro / USD for over a week now.
I cashed out 3 of 5 positions this Friday adding 10% to my account. If Euro Breaks down into
lower trading range next week, There is potential to do it again.

So... My trading mind is making a seminal shift towards Big Picture.

My swing trading is using daily and 3 hour charts mostly with hourly and 30 minute for entry.
I am using trend channels on the 3 hour to add positions.
It's a bit more like micro investing than trading, really.

For my Futures account, I have all but abandoned scalping for single digit profits. I still have one
game plan that works well - scalping for 10 ticks on large side by side bars and another for 8 ticks
in more of wave rolling PA within a sideways channel.

So... those tools are still in my box, and I actually saw a lot of those setups this week, but I just
couldn't pull the trigger, because my focus was on a level further out. I was looking for the trend.
If I was wary of the longer term direction, I wasn't going in...

So I'm a bit caught in between. I know I left money on the table that was available via smaller targets,
but since I was unsure of the bigger trend, that indecision spilled over into my scalping methods.
So I did a lot of waiting and watching. One day not taking any trades at all.


It is a very exciting time in my growth as a trader.
The accounts are growing and so am I


AJ
Nashville, Tennessee


"Life On The Edge of SR"

Last edited by tderrick; November 3rd, 2012 at 08:18 AM.
Reply With Quote
The following 5 users say Thank You to tderrick for this post:
 
  #632 (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

Ye Ole Update

This week was a super busy in the studio... end of year rush to meet contract obligations before the holidays.
I was able to trade ongoing with the Euro spot account and was profitable for the week.

I was running a shake down test on the computer rebuild, Win 7 and the VPS at the same time and everything is
a go. On Monday I even placed a trade on the futures account,
got well into the green, moved the stop to BE, packed everthing up
and headed to the studio. It is a cool feeling knowing you have a super protected server running your trades
in Chicago while your moving your rig elsewhere. It's a brave new world.

The Family is coming to the farm from all reaches for Thanksgiving, so it will be a zoo for a while around here.
I probably won't be doing much futures trading but I always swing trade the EURO Spot. It's very easy just
to check the charts every once in a while. I can even check / trade from my iPhone!! love it..


I'll be popping in and out of the chat box during the maddness to check in.

Happy Holidays!!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
  #633 (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

A New Dawn


I haven't entered in my journal for a while because my head has been buried in charts learning a new
instrument and tool.

I have shifted my day trading focus to YM.

I still focus my swing trading on the Euro / dollar and that technique is progressing famously. I'm steady
increasing risk as I learn to manage scaling in on a long term time cycle. I closed out my last car
on the Euro move down after being in for 2 and half weeks. This latest move up, I have been in for 1 week
now. I have cashed in 2 cars leaving one remaining and looking to scale in another if a suitable PB occurs.
It is a lovely way to trade.


As for the YM, today was my first live trading day after spending a few hundred hours observing and
getting used to the new order flow tools from @DionysusToast. ( I have to plug my man Pete )

I am still putting the final touches on my trading method. The entry style is the same, as are the charts
(just better DOM and T&S ) I'm learning what the optimum target size is for each market time I
trade - ETH and RTH

The entry is still basically what I call "Battle Scalping", which is PA based fades of wicky 5min bars.
The more sophisticated DOM and T&S are helping me to hone in on EXACTLY the price
I want my Limit Orders placed. I always knew that PB entries as a retest of a larger wick formation
almost always results in at least a few ticks move in my trade direction. Now I know WHY. The art is learning when to
take the quick profit and when to let it run.

Today's trading was a study in taking all fade profits quickly.
Half of the entries moved on for 20 - 40 tick gains.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



This will be the technique I will be honing the rest of my career. I consider it scalping because I can
cash out anywhere from 4 to 40 ticks. After gathering hundreds of pips at a time with my swing trading,
that is certainly scalping.

The target strategy I have settled on for the time being is, for the ETH session the closest PA based
target to 20 ticks. The DOW has a lovely move that occurs from between 11pm through the London
open generally fading out by 4am (cst).

I am learning more about the RTH session. It moves much quicker, but 40 tick PA based targets are
an everyday deal and sometimes 100's of ticks.

So, the trading hours for me now are 11pm - 4am, get some rest and back at it for the RTH session -
830am - 11am


The key is, I have found a way to be profitable.
Let's hope I can keep it going

Big sessions the rest of the week, so perhaps no more live work (day trading futures) until next
week. The swing trading is always on. At least one order working around the clock.


This is a tough transition (live trading), but with each entry, my thinking becomes a little more
sharp and clear.


I have become a part time Professional Trader.

...oh, I also added one more monitor to the rig


Pray for me, cats... this crap is scary if let yourself lose any confidence at all!!





D4...............

Desire
Determination
Dedication
Discipline ......

every day................


AJ
Nashville, Tennessee


"Life On The Edge of SR"

Last edited by tderrick; December 4th, 2012 at 02:34 PM.
Reply With Quote
The following 11 users say Thank You to tderrick for this post:
 
  #634 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,533 since Oct 2010
Thanks: 3,387 given, 2,064 received
Forum Reputation: Legendary

goood to see brotha!

Reply With Quote
The following user says Thank You to bobarian for this post:
 
  #635 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

Battle Scalping

Good to hear everything is working out bro

Trying to make the swing transition myself....the 6E refuses to drop though

London Calling
Reply With Quote
The following user says Thank You to Xav1029 for this post:
 
  #636 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,672 since Nov 2010
Thanks: 777 given, 8,741 received
Forum Reputation: Legendary

Great stuff....

I like this bit:


Quoting 
As for the YM, today was my first live trading day after spending a few hundred hours observing.....

This is going to be somewhat of a revelation to all those people saying you need 10,000 hours

Good luck

Reply With Quote
The following user says Thank You to DionysusToast for this post:
 
  #637 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

Still smoothing the MP??

You are going to dream about fake POC shifts if you keep smoothing your profile

London Calling
Reply With Quote
The following user says Thank You to Xav1029 for this post:
 
  #638 (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

Farewell

We lay another one down at the farm. See you on the other side, old friend.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




......taking some time off.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 5 users say Thank You to tderrick for this post:
 
  #639 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Sorry to hear that, but they are the best companions for us, and us for them - we need them and they need us every day they are here.

Sent from my DROID RAZR using Tapatalk 2

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #640 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received


Sorry to hear that AJ, I know how tough that has to be. I'm sure you guys had some great times together, and thats whats important

London Calling
Reply With Quote
The following user says Thank You to Xav1029 for this post:

Reply



futures io > > > AJ's Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
T's Journal Tmanbone Trading Journals 37 August 9th, 2012 04:52 AM
K.I.S.S. Journal Presto Trading Journals 39 October 7th, 2011 06:54 PM
Need Help with Journal Template grego Elite Trading Journals 2 August 14th, 2010 03:52 AM
G's journal gfg1 Elite Trading Journals 58 June 10th, 2010 02:31 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 08:25 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.234.247.118