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Johnny's Journal

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  #251 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

bobarian, thanks!

Today is a lazy Saturday thus far and before I have to do the compost, clean the car/house/garden, go grocery shopping, and do home repairs before going to a birthday party then an event called Synergy., I decided to get some time in the market on a replay of Friday. Since last Monday, I've not seen one iota of financial news other than the dollar going down and the dow going up. I think the TF is near all time highs, but I can't be sure of that. What I do know is that seeing it this high makes me nervous. Nerves aside, the market still moves with the same patterns it has previously and those are still tradeable.

The first trade was a short. I watched the 66 tick chart and the 1 minute chart. Lots of shadows at the open and saw the steady short develop. I took the trade on the 66 tick chart and it just kinda bounced around on me, from 1 tick in the money to 2, then 4 out of the money, and 5, back to 1 in the money, you get the point. All the while, the 1 minute chart was developing the signal for a short and I watched as it was coming to me. And sure enough, the short signals appeared and the market dropped. I held the trade through profit taking which you can see on the tick chart around the 17-11 tick point and it got down to 23 ticks in the money. My exit point for profit had appeared, but as the old saying goes, let your winners ride. Saw a bit of reversal on the 1 minute chart and I wanted to lock in my profit so I exited the position at +21 ticks.

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  #252 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

First day trading back live, and first day ever where this is my sole obligation for the trading hours. My work starts at 3:30, so I've got some time.

I'm rusty. And spent too much time on replay. I dislike not being able to fast forward the market waiting for a trade to develop.

Missed my first entry on the tick chart. It moved before my signals were hit. Looking from the previous bars, 1-1.5 point moves is all there are for today, so far. I moved on the minute chart and got in a move with 15 ticks or so. It reversed to 6 and I closed out. Frustrating waiting for the market to come into my trade, but today there seems to be alot of slow movement in a general direction.

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  #253 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received


Second trade of the day is a long. Signals hit and I expected resistance just due to the timing of the long. No matter, I waited it out, wasn't stopped out, and closed out for a 12 tick gain. It was a good long, but should I have waited a bit more, could have gotten an additional point. It's no matter, I'm almost at my daily goal anyways.

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  #254 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

Hit my daily goal of 20-30 ticks and I'm done. Actual total is 27 on the day. Could I have let it run for more? Most definitely. Was I worried about it? Definitely not. I got my goal and quit. This is something I have to learn and am instilling discipline for. Get the daily goal and get out. Every day. Home runs will come, but the daily goal is where it is at.

Slow-ish moving day, but those days happen. The short's entry was not made with 100% confidence because I think my timing was a bit off and the movement after my entry was stagnant so it could have gone either way. But I relied on price action trend and it didn't let me down.

Thanks for reading and have a great day!

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  #255 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
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johnnycakes78704 View Post
Hit my daily goal of 20-30 ticks and I'm done. Actual total is 27 on the day. Could I have let it run for more? Most definitely. Was I worried about it? Definitely not. I got my goal and quit. This is something I have to learn and am instilling discipline for. Get the daily goal and get out. Every day. Home runs will come, but the daily goal is where it is at.

Slow-ish moving day, but those days happen. The short's entry was not made with 100% confidence because I think my timing was a bit off and the movement after my entry was stagnant so it could have gone either way. But I relied on price action trend and it didn't let me down.

Thanks for reading and have a great day!

Johnny... what are you using for your ma's and do you enter on a cross over?


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #256 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

I swear I've answered this question before

20 and 50 and yes.

Breaking down my daily goal, I find that it is a bit off the mark when taxes are figured in. To cover my trading costs and taxes, to ensure I meet a net of 20+ ticks, I'll need to acquire at minimum 30. Is 27 acceptable? Certainly. So, each trade should be allowed to gain at least 10 ticks before closing.

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  #257 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

Good morning guys and gals! Today is another day and here's my first trade of the day, a short. I spent more time contemplating what I wanted out of the market and what a good trade is to me and realized that the price doesn't matter as much to me as the trend so it would behoove me to ignore the price and the previous implications I have about it.

I do see that I am getting out of trades WAY to early. My first short got me 14 ticks, which is a great move. Should I have waited though, it would have been 30+ ticks. But looking at my chart and seeing the profit taking, you can see why I got out.

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  #258 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

I know its been awhile since I posted, but there is ALOT going on here. Running businesses, trading, working a regular job, being married, and now we added on buying a house to the list of things to do.

First trade of the day. Not exactly pleased with the entry but I stuck it out. I did feel as though it could have reversed on me and if I would have waited I could have walked away with a few more ticks but overall, I'm really pleased with the trade. I held it through resistance, through my first target, which it blew thru by 5 ticks. Towards the end of the trade, I could see it approaching the pivot point which had me worried as I knew some bounceback would occur. But, my trade was entered via action on the tick chart and when it approached the pivot point, the 1min chart was my classic short entry so I figured it would get at least 4-5 more ticks and it did. Broke through to 31 ticks in the money and I exited the trade. Exit was perfect.

Sold at 824.0
Covered at 820.9

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  #259 (permalink)
 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
 
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Posts: 362 since Dec 2010
Thanks: 116 given, 435 received

I've been lazy today. Not really watching it. I'm tired perhaps, not lazy. Less than 6 hours of sleep on average a night the past couple of nights and finding it very hard to focus on what's important. I'm getting up to get the screen time in but things just seem so slow today (and yesterday) that it was hard to watch continuously not to mention identify entry/exit points.

At work now, so I don't have a screenshot of my trades, but I did end the day with 18 ticks. Lots of chop and false trends lately make it difficult to spot the potential entry points. Used the tick chart to identify reversals and the min chart to make the trades to prevent losses from false breakouts. Was stopped out today on my first trade which then turned my way. Oh well. I'm not adjusting my stop, it happens sometimes.

Market today was trading above my previous days S/R lines for the most part.

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  #260 (permalink)
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
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johnnycakes78704 View Post
I've been lazy today. Not really watching it. I'm tired perhaps, not lazy. Less than 6 hours of sleep on average a night the past couple of nights and finding it very hard to focus on what's important. I'm getting up to get the screen time in but things just seem so slow today (and yesterday) that it was hard to watch continuously not to mention identify entry/exit points.

At work now, so I don't have a screenshot of my trades, but I did end the day with 18 ticks. Lots of chop and false trends lately make it difficult to spot the potential entry points. Used the tick chart to identify reversals and the min chart to make the trades to prevent losses from false breakouts. Was stopped out today on my first trade which then turned my way. Oh well. I'm not adjusting my stop, it happens sometimes.

Market today was trading above my previous days S/R lines for the most part.



I hit the wall all the time, having so many things going on. I almost always trade poorly when I'm exhausted.
Plus, I don't learn anything because my brain is maxed. I have learned to only trade when I am "Feeling it"

my .02 ...

You're young. Plenty of time.
Not so much for me... lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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