Contest Journal - futures io
futures io



Contest Journal


Discussion in Trading Journals

Updated
    1. trending_up 6,437 views
    2. thumb_up 11 thanks given
    3. group 1 followers
    1. forum 30 posts
    2. attach_file 24 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Contest Journal

(login for full post details)
  #11 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

I first started trading stocks when I was 13 (I'm now 67). About 4 years ago, I felt that there was just too much manipulation and corruption in the stock market and got out of it. Then, a couple of years ago, for various reasons, I started playing around with the Forex Market and found that a lot of my trading skills carried over.

A few months ago, my son-in-law tossed me a challenge; to take the position of a young trader with a very modest stake and see how rapidly I could grow it. Since I was quite adapt at trading with larger sums, my early/initial trades were quite a tedious challenge and didn't allow much to any room for error. As I said, I'm rather proud of my first month's results and anxious to see how I do with the rest of THIS month.

--

Anyway, as my Daily Confirmation testifies, all I'm doing is tracking this open trade:

FXOpen Investments Inc.
A/C No: 300811 Name: Terry Sneller 2011 March 8, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
No transactions
0.00 0.00 0.00
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 0.00

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398371753 2011.03.07 05:44 sell 0.70 eurchf 1.2925 0.0000 1.2805 1.3003 0.00 -3.02 -583.77
0.00 -3.02 -583.77
Floating P/L: -586.79

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 1 849.93 Floating P/L: -586.79
Closed Trade P/L: 0.00 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 1 263.14
Balance: 1 849.93 Margin Requirement: 489.20
Available Margin: 773.95
Best Regards
Accounts Department

Reply With Quote

Can you help answer these questions
from other members on futures io?
how to avoid these type of trades in algo
NinjaTrader
Does anyone have the code for Anchored Vwap to use in Qu …
Traders Hideout
Brad Cowan
Trading Reviews and Vendors
Store value in variable when emas crossover easy language
EasyLanguage Programming
Google Keyword Search Alerts
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Why dont people trade 150 ES contracts?
40 thanks
Spoo-nalysis ES e-mini futures S&P 500
36 thanks
Any long term success stories from funded traders in the …
26 thanks
How to avoid wiping out the accounts?
17 thanks
Daytrading.Coach Review
17 thanks
 
(login for full post details)
  #12 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

I attempt to perceive and then trade mini patterns/trends within major patterns/trends. The first, longish trade which I closed today (EURCHF) is an example of how I practiced some patience to wait for the major trend to save a mini trend that failed. The series of trades (USD/CHF) were mini trend trades that were all made in tune with the major trend (long).

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 9, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398371753 2011.03.07 05:44 sell 0.70 eurchf 1.2925 0.0000 1.2805 2011.03.09 15:11 1.2922 0.00 -6.02 22.63
1398408859 2011.03.09 18:03 buy 1.00 usdchf 0.9292 0.0000 0.9370 2011.03.09 19:08 0.9295 0.00 0.00 32.28
1398409517 2011.03.09 19:12 buy 1.00 usdchf 0.9298 0.0000 0.0000 2011.03.09 19:51 0.9307 0.00 0.00 96.70
1398409928 2011.03.09 20:12 buy 1.10 usdchf 0.9294 0.0000 0.0000 2011.03.09 21:21 0.9294 0.00 0.00 0.00
0.00 -6.02 151.61
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 145.59

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398410728 2011.03.09 21:53 buy 1.10 usdchf 0.9299 0.0000 0.9305 0.9294 0.00 0.00 -59.18
0.00 0.00 -59.18
Floating P/L: -59.18

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 1 849.93 Floating P/L: -59.18
Closed Trade P/L: 145.59 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 1 936.34
Balance: 1 995.52 Margin Requirement: 550.00
Available Margin: 1 386.34
Best Regards
Accounts Department

Attached Thumbnails
Click image for larger version

Name:	SS08.jpg
Views:	130
Size:	321.4 KB
ID:	33289   Click image for larger version

Name:	SS09.jpg
Views:	135
Size:	276.7 KB
ID:	33290  
Reply With Quote
The following user says Thank You to Tarry Faster for this post:
 
(login for full post details)
  #13 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received


Closed out the small trade from yesterday (actually late last night) and then began my mini trend trades inside the major trend (short).

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 10, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398410728 2011.03.09 21:53 buy 1.10 usdchf 0.9299 0.0000 0.9304 2011.03.10 01:59 0.9301 0.00 0.00 23.65
1398414993 2011.03.10 06:53 sell 0.78 eurchf 1.2914 0.0000 0.0000 2011.03.10 09:16 1.2904 0.00 0.00 83.47
1398417038 2011.03.10 09:33 sell 0.78 eurchf 1.2894 0.0000 1.2802 2011.03.10 10:21 1.2877 0.00 0.00 142.28
1398418035 2011.03.10 10:48 sell 0.88 eurchf 1.2888 1.2887 0.0000 2011.03.10 18:32 1.2880 0.00 0.00 75.43
1398425551 2011.03.10 18:33 sell 0.88 eurchf 1.2872 0.0000 1.2802 2011.03.10 20:28 1.2864 0.00 0.00 75.58
1398427100 2011.03.10 21:47 sell 0.95 eurchf 1.2856 0.0000 0.0000 2011.03.10 23:09 1.2853 0.00 0.00 30.57
0.00 0.00 430.98
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 430.98

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398427671 2011.03.10 23:19 sell 0.96 eurchf 1.2856 0.0000 0.0000 1.2863 0.00 0.00 -72.08
0.00 0.00 -72.08
Floating P/L: -72.08

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 1 995.52 Floating P/L: -72.08
Closed Trade P/L: 430.98 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 2 354.42
Balance: 2 426.50 Margin Requirement: 661.87
Available Margin: 1 692.55
Best Regards
Accounts Department

Attached Thumbnails
Click image for larger version

Name:	SS10.jpg
Views:	123
Size:	261.4 KB
ID:	33419   Click image for larger version

Name:	SS11.jpg
Views:	117
Size:	267.4 KB
ID:	33420  
Reply With Quote
The following user says Thank You to Tarry Faster for this post:
 
(login for full post details)
  #14 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

I meant to post this, my own spreadsheet/journal, when I filled up half of it ... better late than never. I've highlighted the percentage return, as I think percentages (rather than dollars) are the best way to evaluate results. Now, this may sound contradictory, but I used the AVERAGING CELL to show my average dollar value per trade. At the bottom of the page are figures that show my CARRY OVER CLOSE/NET from the previous spreadsheet and the total NET ROI on my initial investment of $151.50.

Attached Thumbnails
Click image for larger version

Name:	SS02.jpg
Views:	129
Size:	261.6 KB
ID:	33425  
Reply With Quote
The following user says Thank You to Tarry Faster for this post:
 
(login for full post details)
  #15 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

I have found that by -- always/only trading the mini trends in the same direction as the major trends, using my original formula to determine lot size, maintaining an adequate trading account AND practicing plenty of patience I can consistently (so far) maintain profitability ... EVEN when the mini trend temporarily trends against me. Of course, this means that (when not trading with limited funds) I only use Stops AFTER I'm ITM (In The Money). For example, note my first trade, below.

(BTW, notice how, after the long traders got out of the way, all the Yen short trends resumed/maintained their trends after the initial spikes from the terrible earthquake. IOWs, if one happened to be shorting the Yen and had no Stops in place, they would have had the opportunity to kick the slates out of their trade.)

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 11, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398427671 2011.03.10 23:19 sell 0.96 eurchf 1.2856 1.2855 0.0000 2011.03.11 15:38 1.2855 0.00 -4.00 10.28
1398438609 2011.03.11 16:10 sell 0.96 eurchf 1.2845 0.0000 0.0000 2011.03.11 16:34 1.2845 0.00 0.00 0.00
1398439131 2011.03.11 16:44 sell 0.96 eurchf 1.2854 0.0000 0.0000 2011.03.11 17:37 1.2846 0.00 0.00 82.72
0.00 -4.00 93.00
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 89.00

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398441346 2011.03.11 19:14 sell 1.00 eurchf 1.2869 0.0000 0.0000 1.2922 0.00 0.00 -570.13
0.00 0.00 -570.13
Floating P/L: -570.13

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 2 426.50 Floating P/L: -570.13
Closed Trade P/L: 89.00 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 1 945.37
Balance: 2 515.50 Margin Requirement: 693.50
Available Margin: 1 251.87
Best Regards
Accounts Department

Attached Thumbnails
Click image for larger version

Name:	SS12.jpg
Views:	124
Size:	331.3 KB
ID:	33590  
Reply With Quote
 
(login for full post details)
  #16 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

Not much to report, as I'm just waiting for the major, short trend to kick in ... probably in the next day or so. Indicators and patterns are still positive for the trade.

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 13, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
No transactions
0.00 0.00 0.00
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 0.00

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398441346 2011.03.11 19:14 sell 1.00 eurchf 1.2869 0.0000 0.0000 1.2922 0.00 -5.11 -570.13
0.00 -5.11 -570.13
Floating P/L: -575.24

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 2 515.50 Floating P/L: -575.24
Closed Trade P/L: 0.00 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 1 940.26
Balance: 2 515.50 Margin Requirement: 693.50
Available Margin: 1 246.76
Best Regards
Accounts Department

Reply With Quote
 
(login for full post details)
  #17 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

For some reason, I didn't get my Daily Confirmation from my broker, today. Maybe they are located in Egypt, Libya or some such revolting place. *:-]

Anyway, I closed out my over-the-long-weekend trade and only eked out about .86% ($22) (see screenshot). Could have probably stayed in a bit longer and made more, but I had chores to tend to and besides, I think that this major trend has about run it's course ... also, I'm a bit bored w/it.

Early in my Forex trading career, I noticed that I have an impatient/eager streak and don't rely on my indicators in various timeframes, as much as I should. I'm addressing and working on that aspect of my trading technique in order to increase my profitability. Hope to be perfect by the end of this contest! *;-}

Attached Thumbnails
Click image for larger version

Name:	SS13.jpg
Views:	118
Size:	259.6 KB
ID:	33817  
Reply With Quote
 
(login for full post details)
  #18 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

Since I've already commented and included a screen shot of yesterday's closing trade (see previous post), I don't have much to say about the first trade (EURCHF) in my Daily Confirmation (below).

Whenever I find a possible setup for the EURUSD pair, I generally check in with Sive @ FPA to check out his latest thoughts on that pair. Since he concurred with my perception(s), I opened a trade and went to bed. I love to wake up seeing my pair doing well; so well, in fact, that I extracted another good trade out of the EURUSD before moving on.

Trying to avoid pairs that could be directly affected by the crisis in Japan, I took a couple of trades with the USDCAD and rounded out my best day so far, in this contest.

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 15, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398441346 2011.03.11 19:14 sell 1.00 eurchf 1.2869 0.0000 0.0000 2011.03.15 05:47 1.2867 0.00 -10.25 21.67
1398465983 2011.03.15 08:19 sell 1.00 eurusd 1.3927 1.3905 1.3805 2011.03.15 13:48 1.3885 0.00 0.00 420.00
1398473307 2011.03.15 14:02 sell 1.10 eurusd 1.3875 0.0000 1.3805 2011.03.15 14:38 1.3869 0.00 0.00 66.00
1398480509 2011.03.15 19:42 sell 1.50 usdcad 0.9828 0.0000 0.9705 2011.03.15 21:35 0.9823 0.00 0.00 76.35
1398482025 2011.03.15 21:59 buy 1.50 usdcad 0.9843 0.0000 0.0000 2011.03.15 22:15 0.9846 0.00 0.00 45.70
0.00 -10.25 629.72
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 619.47

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
No transactions
0.00 0.00 0.00
Floating P/L: 0.00

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 2 515.50 Floating P/L: 0.00
Closed Trade P/L: 619.47 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 3 134.97
Balance: 3 134.97 Margin Requirement: 0.00
Available Margin: 3 134.97
Best Regards
Accounts Department

Attached Thumbnails
Click image for larger version

Name:	SS14.jpg
Views:	121
Size:	247.1 KB
ID:	33943   Click image for larger version

Name:	SS15.jpg
Views:	110
Size:	240.8 KB
ID:	33944  
Reply With Quote
 
(login for full post details)
  #19 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received

Not much to report today, as I rejected a run with the USDCAD and then opened another "longish" trade (see below); isn't any point in posting a screen shot. Since I don't trade pairs w/large spreads and, for the time being, the Yen (I've seen the enormous spikes that can happen when the BOJ decides to suddenly (and in the dark of night) "inject" massive amounts of Yen to prop up their economy!) ... the "pickins are pretty slim," as they say in Texas.

My daughter and her family invited a young lady from Japan to visit for a few weeks to improve her English. She arrived just a few days before the tragedies hit Japan. I've noticed that many of the pairs are not creating the trading patterns that I'm familiar with; seems like a lot of irregular confusion in the market. So this morning, after checking with Sive I opening up another long, EURUSD trade. Since the trade seemed to be moving rather slowly, we all decided to take our Japanese guest out to one of our favorite restaurants -- a Japanese/Thai mix -- to get her opinion on the food and help take her mind off what was going on in her home for a couple of hours. She REALLY liked the food and seemed to regain her natural serenity. However, when I got home, I found that I'd missed out on a few hundred dollar spike (Didn't think that I'd be needing a Trailing Stop!). Hopefully/eventually, my major trend will kick in and go ahead and make the trade profitable.

Ah, the thrills and excitement of real time trading! *:-)

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 16, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398485112 2011.03.16 02:45 sell 1.60 usdcad 0.9829 0.0000 0.9705 2011.03.16 09:13 0.9829 0.00 0.00 0.00
0.00 0.00 0.00
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 0.00

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398496352 2011.03.16 16:10 buy 1.25 eurusd 1.3943 0.0000 1.3995 1.3938 0.00 0.00 -62.50
0.00 0.00 -62.50
Floating P/L: -62.50

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 3 134.97 Floating P/L: -62.50
Closed Trade P/L: 0.00 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 3 072.47
Balance: 3 134.97 Margin Requirement: 871.44
Available Margin: 2 201.03
Best Regards
Accounts Department

Reply With Quote
The following user says Thank You to Tarry Faster for this post:
 
(login for full post details)
  #20 (permalink)
Tarry Faster
Quebec, Canada
 
 
Posts: 28 since Jan 2011
Thanks: 1 given, 11 received


Just did on overnight trade, EURUSD and opened another one, which will come out on my next journal entry. Glad I've been avoiding anything to do w/the Yen, as I just noticed that an hour or so ago, the BOJ did a massive intervention.

FXOpen Investments Inc.
A/C No: XXXXXX Name: Terry Sneller 2011 March 17, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
1398496352 2011.03.16 16:10 buy 1.25 eurusd 1.3943 0.0000 1.3995 2011.03.17 09:45 1.3972 0.00 1.43 362.50
0.00 1.43 362.50
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 363.93

Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission R/O Swap Trade P/L
1398521995 2011.03.17 16:24 sell 1.40 eurusd 1.3986 0.0000 0.0000 1.4020 0.00 0.00 -476.00
0.00 0.00 -476.00
Floating P/L: -476.00

Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

A/C Summary:
Previous Ledger Balance: 3 134.97 Floating P/L: -476.00
Closed Trade P/L: 363.93 Total Credit Facility: 0.00
Deposit/Withdrawal: 0.00 Equity: 3 022.90
Balance: 3 498.90 Margin Requirement: 979.02
Available Margin: 2 043.88
Best Regards
Accounts Department

Attached Thumbnails
Click image for larger version

Name:	SS16.jpg
Views:	101
Size:	307.0 KB
ID:	34198  
Reply With Quote
The following user says Thank You to Tarry Faster for this post:


futures io Trading Community Trading Journals > Contest Journal


Last Updated on March 31, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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