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AlMa Journal

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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
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Will use this as a personal Journal as an attempt to become disciplined in doing this. As a beginner trader, thereīs a lot to pay attention to, thus, sometimes I forget to journal my trades.

For future entry feel free to comment and advise kindly

I think I'm already late for the following challenge, but here it is just in case:


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  #2 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,



It seems Globex could also provide good setups besides the low volume, but what I find interesting the most is that is open the whole night. The low volume makes it difficult for me to predict a direction (no volume no strength in a certain direction) so today I created a sim account to track my performance trading Globex. Will see whether the same RTH strategy works.



I took a single trade on $MES (1 contract)



Analysis: poor. Short on a support level thinking the opening gap fill was going to happen right after my entry ( xD ) and I didnīt check the whole strategy.

Execution: good. Respected the stop-loss. Identified the entry mistake. Monitored DOM and price started to move in my favor. Once it started to go below my entry price spotted the new support zone. Early exit because my entry wasn't good and I didnīt like the trade anymore after it bounced from the support it hit and also the 4yo needed me! So, I took the 2 ticks profit left and head out.



Environment: Quite day, not very good night sleep, workout yesterday, wife out on a 12hr shift so I had to split my attention between trading and preparing daughter dinner (bedtime and so on ), not enough time to prepare before Globex open (maybe another reason for a bad entry, plus the rookie errors of course)



Result:

Max drawdown: 10 ticks

Profit: 2 ticks



Of course, the move I was looking for happened 5-6 mins after I stepped out, it went down to 4164.50 (14 ticks)




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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17


Hi there,

My futures live and sim account will be working under the same rules, only 3 trades per day! The idea is to find high probability trades by double (and triple) checking the strategy. I have a TraderSync account so, starting tomorrow will add the data there and put either a link or a picture here (the trades overview and charts are fancier there)

Analysis:
trade 1: Again missed the fact that there was a resistance area above
trade 2: After reassessing the previous trade, found the support area for a potential bounce
trade 3: used the resistance zone to go short since the upward movement was struggling

Execution:
trade 1: wanted to get in the "breakout", which didnīt happen. Stopped me out at 4179 (12 ticks, SL planned was 16 but since I realize I forgot some strat rules I wanted to close fast) I saved 4 ticks from that trade at least.
trade 2: All considered, good entry, 5 ticks drawdown. Here I forgot (was impatient) to let the trade go further until it closed below my 8SMA. Took 16 ticks profit when it could have been at least 30.
trade 3: trade 3: Once the bull move slowed down on that resistance area 4185-ish, went short. Slight flushed down to 4181, moved my stop 6 ticks too early, and got stopped out. I need to aim for more ticks perhaps … but after that, it moves all the way up to my entry price. I think I would have closed the trade if I hadnīt been stopped out (who knows) 6 ticks profit there.

Environment:
The government enforced again quarantine for another 15 calendar days, kids have to study from home. Natural Gas company notified leak in our kitchen so few things happening during trades which made me uncomfortable, anxious. My wife is a ER doctor so her emotional and physical state has now become even more important. The little one didnīt want to take the virtual classes then there was an argument (emotional capital affected there)


...

Reviewing my trades, I notice the last trade on $MNQ, ... Took an extra trade, no part of the rules!!! Gotta enforce that, just for the sake of being disciplined.


$MES trade 1:
https://shared.tradersync.com/mqenk777/036b3520-a6d0-11eb-a6bc-0ec98717045e

$MES trade 2:
https://shared.tradersync.com/mqenk777/036b3521-a6d0-11eb-a6bc-0ec98717045e

$MES trade 3:
https://shared.tradersync.com/mqenk777/036b3522-a6d0-11eb-a6bc-0ec98717045e

$MNQ trade 1:
https://shared.tradersync.com/mqenk777/036b3523-a6d0-11eb-a6bc-0ec98717045e



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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

This is a late quick entry for yesterday's trades. pretty busy at work and my wife got home late from her shift. So, was too tired to post last night. I deem this entry a fail for my journal but at least I need to post.


So... I took 3 trades, red on the day (small loss). The real deal is that I felt like forcing the trades to make the regular mistakes because I missed the market open so, more patience needed, even more important preparation before the first trade is what I highlight over the last week.




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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

Second busy and stressful day in a row. I wanted to jump into the 3 trades per day, but it wasnīt really time feasible.

Took one trade:

Analysis: Considering that ES had tested 2 times the 4176 levels it seemed a good place to go short.
Execution: some drawdown at the beginning, then it moved nicely to 4174 (Camarilla Support 2). Afterwards, it came back to my entry point and I wanted to respect the planned stop loss (4 points) but Forgot to set the AtM too.
Environment: already tired from the 9-5 job.

Donīt know if I may set an early breakeven strat for this cases where at least I could have close BE and not with a loss


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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Night,

Took 1 trade during Globex.

Used the Weekly R1 resistance level to go short. It was a really long trade until it started to move. This time I move my stop to 1 tick below break even so it doesn't become a loser once the price closed above the 8sma on the 1 min chart. A couple of minutes after that I got stopped out. I respected the rules sold resistance and as soon as it didn't work and after waiting that long, it was just time to get out.


Trade details can be found here:
https://shared.tradersync.com/mqenk777/e5693906-a890-11eb-9925-061a3d52649f

Here is the chart.

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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

I tried to start my trading session earlier yesterday April 29th (which may be the solution for those busy days at work)

I made one mistake, I place 4 trades instead of 3, I was right in the direction but my stops were too tight. Anyhow here they are:





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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

Today April 30th, already used my 3 trades for the day. 3/3 losses, so as per my commitment no more trades for today. Ended the week red, but feeling more under control besides that, I didnīt get mad like other times. It doesn't feel good lossing but I think there are a few wins this week, including, realizing when entered short on support areas or long on resistances areas.




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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

Catching up on the journal.

From my live account May the 3rd 1 Loss

Wanted to go with the downwards trend, butttt it went all the oposite way and hit my stop. Good thing was I didn't changed my stop. Respected the plan. Crappy plan though! xD


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mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17


Hi,

Catching up on the journal.

From my SIM account May the 3rd 1 Loss

Came in early, made a poor review of the chart. Price was already above the camarilla R4. Also, the whole movement happened during Globex hours. May consider this in future trades, Above R4 it is likely over-bought.


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Last Updated on May 14, 2021


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