My way of trading - Robertczeko - Trading Journals | futures io social day trading
futures io futures trading


My way of trading - Robertczeko
Updated: Views / Replies:12,090 / 135
Created: by Robertczeko Attachments:155

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
 155  
 
Thread Tools Search this Thread
 

My way of trading - Robertczeko

  #1 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

My way of trading - Robertczeko

I am here too long observing all of you, your progress in trading and I have to say, that many of you seem to me very inspirative and helpful. I decided to show my "thinking" and reacting in markets, I guess it is not a mindset of complete trader and I would be very glad if you would show me right direction.. I am not going to describe what I have done, I will raher describe my actual status.

I am trying to be always in trending waves, or ranging market with good rrratio distance between borders. I am looking for supply/demand levels as a strong areas with many orders waiting for another move in previous direction. In future I will try to describe it more, but if you know Sam Seiden`s techinque(if no, please google him, he opened my eyes in markets :-) ) , then you know what I am looking for. But it is not my primary trading setup, just a clue for better timing where and when to jump into the market. I use HMA for better visualisation of each wave, BBands with standart setup - middle line for enter and exit the market. I am sorry for my rough explanation, I think the best way of interpretation will be with charts and rules.

basic rules:

i trade only last hour of CL, no other markets during this session.
i use 2 charts, the big one with 3RBars + HMA 21 + BBands, small one with (6RBars + EMA 50+HMA21)= to see trend.
After closing CL I watch YM with same setup.

entry setup
if I see on 6RB chart clear trend, lets say uptrend, I am looking for crossing price middle BBand, HMA21 must be below this band. I enter on open of next bar above mid BBand. The same strategy for downtrend, price crosses middle BBand and HMA21 is above this band.
My last entry must be no later than 5 minute before closing the market.

exits
I have 4 possible exits
- full stop loss 8 ticks
- profit target 16 ticks
- trailing sl according to price move back against mid.BBand ( if bar crosses mid.BB I move sl on open of next bar )
- manual close on market if technical problems appear, or the market is in last minute before closing.

Goals, limits
- to stay concentrated 1 hour for each market and take all valid signals without hesitation ( sometimes it is very hard )
- after 3 losses in row stop trading for the day

That would be all for now.

I have to mention, that I am still sim-trading, I erased twice my account, I had no patience, plan and perhaps something else :-) ...

If you read it to this point, I thank you for your interest, in next post I will publish my few trades from last two weeks.

R.

Reply With Quote
The following 7 users say Thank You to Robertczeko for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

Bad contract for CL


I am going to post my trades, but I have to say, that I traded last 2 weeks on CL 2-11, which might confuse you according to values of price in actual contract 3-11. My bad...

Strong downtrend, I marked with lines possible turning points - supply areas, not looking for specific price levels.

nr.1 was easy just with one correction
nr.2 - 4. I hate when market is not doing pullbacks, it is very difficult to indentify when to jump in market
nr.5 thats a situation, when I jump out of the trade according to trailing SL and I stay too much focused how to dig more money,
only 1 tick missed to PT! :-) sometimes it is worse than full stop loss feeling.
Yes, I have many feelings during session and I am not fighting against them, but I think, it is good to indetify,that something is shaking with my "sharp" mind.
nr.6 - 7. kicked off on trailing sl, thats a situation, when I love to be saved with trailing sl :-)
nr.8 I am a newbie in CL market and I completely forgot, that market was "closed" when I finished this trade

I hope, that it has head and foot..

R.

Attached Thumbnails
My way of trading - Robertczeko-cl-02-11-3-range-13_1_2011.jpg   My way of trading - Robertczeko-13_1_vypis.jpg  
Reply With Quote
The following 2 users say Thank You to Robertczeko for this post:
 
  #4 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

14/1

lets have a look on next day,...yes still 2-11 contract .

I didnt choose good cut out of the chart, but the mood was set into the uptrend

nr.1 really bad entry timing, after this trade market broke nearest supply area and I prepared for next action
nr.2 it worked! Situation before entry into the 2nd trade repeated, price broke in supply area.
nr.3 = nr.2
nr.4 couple ticks missing for PT , exit on trail. SL. But generally I was in really good mood.

Hmm, where are trades from YM? I have to say, that CL took a lot of energy for my concentration, I gave up next hour of trading.

R.

Attached Thumbnails
My way of trading - Robertczeko-cl-02-11-3-range-14_1_2011.jpg   My way of trading - Robertczeko-14_1_vypis.jpg  
Reply With Quote
The following 2 users say Thank You to Robertczeko for this post:
 
  #5 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

bad day..18/1

I was really upset on myself, I did more than 3 losses in row - breaking rules and I was trying to get "my money" back, I realized that quite soon, this is my little demon in my head from past activity in markets..I had times with bigger row of trades in such a day, of course in red numbers.
And next problem was, that I went against trend, here was the source of my bad day. Since this day I was afraid that I will do it again, I put in chart EMA 50 for better illustration of trend ( I really dont need it, its gone ). Lack of focus, thats it!

trades

nr.1 just a loss, price went sharply against my position. Demand area broken
nr.2-4 lets fight against trend , no more please.
nr.5 finally entered in good direction, but couple ticks missing to my PT, exit on trail. sl.

I can do it better, next time.

R.

Attached Thumbnails
My way of trading - Robertczeko-cl-02-11-3-range-18_1_2011.jpg   My way of trading - Robertczeko-18_1_vypis.jpg  
Reply With Quote
The following 3 users say Thank You to Robertczeko for this post:
 
  #6 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

19/1

I hate beginning of trading after bad day, but it was better than I expected. I took some money in pocket and I wanted to quit before end of session, I almost left out last trade..no, I a was proud on myself at the end of the day. I recognize that the feeling of good performance( all trades according the plan ) is for me more important than P/L of one day.

trades

nr.1 bad direction, full stop loss, but I realized that and switched quickly to nr.2
nr.2 easy money, PT , broken two important areas, waiting for another setup.
nr.3 clear signal, I felt good.
nr.4 on higher TF (6RB chart) I saw still enough space for falling price, but it kicked me off very aggressively, I had no chance to move my stop.

R.

Attached Thumbnails
My way of trading - Robertczeko-cl-02-11-3-range-19_1_2011.jpg   My way of trading - Robertczeko-19_1_vypis.jpg  
Reply With Quote
The following 3 users say Thank You to Robertczeko for this post:
 
  #7 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

20/1

Finally, I switched on current contract of CL , but I felt little bit confused from this finding. I missed 2 trades on CL, my bad. And I did one trade on YM. I have one new rule !Never trade after thai massage! . But it wasnt such a disaster.

trades

nr.1 not much to say, it happens. But in next 2 bars I missed signal with jackpot..that was worse
nr.2 nice trade, but market lost power to get me in PT, exit on trail. sl.
nr.3 - 4 exit on trail. sl
nr.5 I didnt follow market for hole hour, so I did only this trade, it touched my PT, but without filling order, nextime.


R.

Attached Thumbnails
My way of trading - Robertczeko-cl-03-11-3-range-20_1_2011.jpg   My way of trading - Robertczeko-ym-03-11-3-range-20_1_2011.jpg   My way of trading - Robertczeko-20_1_vypis.jpg  
Reply With Quote
The following 2 users say Thank You to Robertczeko for this post:
 
  #8 (permalink)
Elite Member
FM, Czech Republic
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: IC Markets
Favorite Futures: forex trader
 
Robertczeko's Avatar
 
Posts: 139 since Jan 2010
Thanks: 218 given, 264 received

21/1

I made this day only 1 trade on YM, I came too late from work. Market was ranging, I found that last bounces were from open price, I jumped in later, not exactly after signal, but I waited for the signal price value. It looked, that I will be kicked off on trail. sl, but it resisted.
So weekend is near the end, I am looking forward what will next week bring new.
I hope, that my posts are valuable for understanding what I would like to share with you, my english is still not good enough (using translator ) .

R.

Attached Thumbnails
My way of trading - Robertczeko-ym-03-11-3-range-21_1_2011.jpg   My way of trading - Robertczeko-21_1_vypis.jpg  
Reply With Quote
The following 2 users say Thank You to Robertczeko for this post:
 
  #9 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Good job with the journal. Posting about a losing day is never easy, but it is a necessary step in understanding what happened. Sometimes you can have losing trades and losing days while making zero mistakes. But more often than not, a mistake is made and it's important you learn from it or find a way to minimize it.

Keep it up. And your English is fine

Mike

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 3 users say Thank You to Big Mike for this post:
 
  #10 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


Reasons Why I Have Great Respect For This Thread:

1. You stated clearly and honestly what you were going to do and then you did it.

2. You posted the good and the bad. A lot of people "cherry pick" their results.

3. You didn't make excuses when you made mistakes or didn't follow the plan.

My hat is off to you Sir! (Texas expression... shows respect)

If I added your numbers up correctly, you are still showing a profit.

You English is better than my Czech ... who am I kidding.. your English is better than my English..

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 5 users say Thank You to ThatManFromTexas for this post:

Reply



futures io > > > My way of trading - Robertczeko

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 06:42 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 2017-12-12 in 0.14 seconds with 19 queries on phoenix via your IP 54.145.51.250