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Started:January 30th, 2011 (12:29 PM) by aquarian1 Views / Replies:40,197 / 682
Last Reply:November 25th, 2016 (11:28 AM) Attachments:357

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Trading

Old March 18th, 2011, 12:24 AM   #71 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

My key goal is to achieve more balance in my life and therefore I will be focused as much on my resolutions for change in rest, exercise health as the trading mechanics. The key focus is to relax about "getting all the work done", go for walks, get my sleep, etc. As my time is so limited and will become more so with this shift in priorities, I will look for ways to automate the most time consuming functions.

Trades
Sld 2 1264.50 @ 2:04
Sld 2 1266.00 @ 13:37
Bot 4 1271.50 214:46 (closed out on stop-loss)
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Result
-$1,266

Conditions
Slept 9:48pm to 9:38am PST. (woke up for 1 hr) =11 hours sleep.
Feeling ok but way behind in my work and trying to stay chill about it.
Hand charts not done and morning numbers not done.

Setup = "High end evening estimate"
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Conditions
1. Wide variance in estimates and low confidence in resulting best guess estimate.
2. 1264 est high 1239 est low.
3. market is now closed.
4. Stop order morphed into another sell making me short 2 at open and no stop loss order in place. Sold 2 more with order error.

Trade
I was not online at the time of the trade. With order entry errors I ended up short 4 so I used the opportunity to try the scale order feature.
  • Price target 1239
  • Stop 1269 (+5)
  • P:L 30pts to 5pts = 6:1 (acceptable?=Y)

Post Op
The estimate was not very close but I'm ok with that as I didn't get the usual preopen adjustment made and the estimates are built for RTH not o/n. The evening est adj by close to open (+15.25) was 1279.25. (up from 1264.00). Morning estimate (with default "auto R,L&P") would have been 127x Actual high RTH was 1274.50. Actual range was 13.0 down from 33.0 on Wednesday.

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Resolutions for Change
1. Yesterday, I decided that I needed to relax, work less hours and get more exercise and fresh air.
2. Track cumulative trades in journal starting on Friday 18 March, 2011

Things I did well
1. Wed= went for walk and thought about balance required. Ideas that came to me were to only trade 3 days a week. Look to automate hand charts. Be more relaxed and know that all is unfolding as it should. The changes I am making are for more balance in my life.
2. Wed= Went to bed even though hand charts were not made up.

Things to improve
1. Reduce all non-core activities - spend less time online.
2. Look to automate what you can.
3. Have water measured out the night before, drink first quart by end of morning coffee.

Accomplishments
1. Improved Dir switch calculation.
2. Gave out bits of green ribbon to help others be "Irish at heart for the day".
3. Picked up broken glass from park where people walk their dogs.
4. Thus= Went for a walk. (Score: 3 of 5 days this week.)
5. Got more than 9hrs sleep
6. Bought carrots.
7. Added saw palmetto berry to my daily herbal tea.
8. Learned how to use the scale feature.
9. Establish headings for journal.
10. Estimate of best exit was good.

Learning
The selection of the stop must be more careful. As I was so behind schedule this was just a plus 5 pts and as it turned out plus 6 was the high and plus 7 would have been better for the stop.

Scale out feature:
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Good trading to everyone.
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Old March 18th, 2011, 08:32 AM   #72 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

taking a break

Woke up at 2:09 after only getting to bed at 11:22pmPST.
Lay there for a while and couldn't get back to sleep finally getting up at 3:09.
In the shower I decided that I must be more frugal with my time.

All the best to everyone.

Good trading to everyone.
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Old March 23rd, 2011, 12:23 PM   #73 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

25 and 5 system


Today I'm using the 25 - 5 system.
You set a timer for 25minutes and when it goes off - you stop working and take a 5 min break. (only 5).
So I am exercising for the 5 min breaks. I have some gym equipment - bench/chair for shoulder presses and curls, some dumbells, and plates and other equipment - bullworker etc.

Walk score: 2 for 3 so far.

Up on time both yesterday and today (great! last week was a great trading week - totally missed with WOOFER DAN and this week is sludge. -argh! Move Dan! Move!)

Passing on this trade - as it could be a lazy L day.

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Good trading to everyone.
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Old March 23rd, 2011, 01:03 PM   #74 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Practice trade with trail to enter

I used a 1280 (?) alert to trigger a buy TRAIL 1.50
Made 3.5 pts

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Old March 23rd, 2011, 03:03 PM   #75 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

back into HZ

Futures Edge on FIO

Are you a NinjaTrader user?

 
It did get back to the HZ. Chalk one up for the spreadsheet and -1 for me, hah, hah.

"Don't ever knock the system. The system is rock solid."
- Homer Simpson in the Homer and Ned go to Vegas episode.

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Good trading to everyone.
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Old March 25th, 2011, 01:26 PM   #76 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Trade Thurs 24 March 2011

This trade was with the levels set the evening before.

I am working with a trail of 1.50 attached to an alert.

The evening of Wednesday the 23rd I had an estimated high of 1301.50 and attached a trail sell of 1.50 to that with a Sell stop of 1307.50.

So what should have happened was the price was to rise to 1301.50 or greater (check),
the alert gets triggered (check) a trail sell is activated (check) and I am short 1 contract at 1301.25 - i.e. on the way down the hill. My evening estimate of the low was 1289.50 so that would have been the target or 11.75 pts.

Then I get up the next day and close out the short trade (no check - I slept in and didn't have the computer on til almost close and didn't look at this trade). So if I was was up then I would have made a morning estimate of the low (it was 1292.50 versus the evening estimate of 1289.50). So this means I would be looking to close the trade at 1292.50 or 8.75 pts instead of the earlier target of 11.75.

This morning I open the sim account and found the results below. Somehow IB has me buying 2 at 1302.75! - where I am selling! Oh well. (IB results on the graph = +1.625 pts.)

This week:
Monday -no trades
Tuesday - no trades
Wednesday - no trades
Thursday - +1.625

net this week = +1.625


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Good trading to everyone.
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Old March 25th, 2011, 02:16 PM   #77 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Crooks Day trade 1 = +0.50

Setup = practice skills.

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Old March 27th, 2011, 11:34 PM   #78 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Weekend wrapup for 21-25 March

Trading wise is was a fizz.
Thurs 1.625
Fri +.50
Total=2.125

Walkscore 5 of 7 days

Friday evening Woofer Dan started up again. I was on schedule back home from doing some investment reading at the local coffee shop -( I go big: one mars bar $0.95 and my coffee $1.90 - two apples I bring from home and a quart of water. - let the good times roll!!) I had my bed made and teeth brush and ready to get back on sleeping schedule.

Just as I lay down the bass started up, so I got up put on my clothes - laid on my own booming bass tape (the speakers are on egg cartons to minimize the collateral damage to the neighbors below) and went out the door for a walk. One i got back he had given up and gone to party at his friends. (You would think he was 18 instead of 48 - really didn't booming bass go out of style in the 70's?)

Getting home it still took me a while "cool down" and to get to sleep. Slept from 11 to 1 pm the next day. I have realized how much my illness took out of me - I just don't have the reserves I used to. This week no hand chart done - except for one pitiful flat narrow-range trendless day (which I call cabbage days).

Off for a Sunday evening walk (time 7:31pm PST).

Feeling in my bones that the ES is going to roll-over here 1314.75 area on Friday - lets see what Monday brings!

May all of you have a successful trading week coming up!

Good trading to everyone.
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Old March 28th, 2011, 02:03 PM   #79 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Monday 28 Mar - cabbage day

I had trouble getting to sleep last night. I got to sleep - finally around 12PM PST and up at 5:30am PST so 5.5 hrs sleep.

So I pushed myself to get up, raced through the shower etc and tried to have my numbers done as soon as I could. Preliminary guess was a high around 9:20 or so and about 1315.75 (that is FE=HE). Then as I worked through updating the numbers the cabbage indicator came on. The cabbage was confirmed and we have drifted aimless through the 10am CT cutoff for the FE.

The estimated range fell during the o/n action to 10.50 from 17.50 so no trading with the system is allowed. (NR day).

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Good trading to everyone.
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Old March 28th, 2011, 06:53 PM   #80 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 2,198 since Dec 2010
Thanks: 696 given, 970 received

Monday Wrap-up


So today we had a cabbage indicator and then at day's end it fell off. I didn't sell the FE=HE or 1315.25 @ 9:46. Though many reasons come to mind, I think that I am so discouraged missing that great week of huge trading day ranges (the week before last) that when I see the range drop off and the cabbage light come on I mentally go - "oh no I dragged myself out of bed with a 1/2 night's sleep for this?"

In any case, the estimates of the HZ and LZ were good with errors of only -1.25 and -1.75. This is fine as my error of estimate is 1.5. Also, the error is smaller at the FE which is the key end. Another accomplishment is that last night view that the high was in (1315 double top of Thursday and Friday) held. With the 1315.25 of today that makes a triple top so if you see it challenge that area tomorrow selling against it would be a bad idea and it would likely breakthrough.

We'll see what happens overnight but I am leaning towards a new downleg forming.

Certainly I don't feel good about not selling 1315 but then I was too tired to trade and it was a long time before prices broke.

(Today I installed Sierra charts and got a chart made. - small steps)

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Good trading to everyone.
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