Staying In My Lane - A Read-Only Journ(al/ey)

ouch!!

man; wait until you don't feel your groins anymore

Here I am against highlighting the fact that I suck at executions and need/have to go the Algo route. Please compare my screenshots of EMA(200) the yellow one I posted earlier was on a 1 (or 3t) range chart and the one I just posted above was the ema(200) on M1 TF. This study was hidden. Had I made the M1 EMA visible, I would NEVER have put my SL near it or exited manually. STUPID mistake cost be big on missing out this fabulous opportunity!

This is utmost depressing :-(

vee your all over the place no focus no clear strategy thats a recipe for disaster

Same thought here.

same thought here as well.. this is no surprise to me at all. I am only following my action plan... regardless of the trading outcome. just did not anticipate to tuition for this but I was prepared for it. How the hell can I design a algo based on my MM plan if I have not experienced the emotion side of it. This live day was primarily to UNDERSTAND and FEEL the emotion involved in trading 3 contracts... first time ever for me with NQ. Come on guys, stay with me here :-(

EDIT: And also to experience NYSE Closing time.... I needed to overcome that hurdle!

EDIT: And I am being 100% transparent here with my Algo design effort. I DO NOT believe in running one algo with a fixed RR. That's doom to fail in the long run imo. I am designing and running multiple ones to make the algo market condition agnostic. It may appear that I don't have a plan with my ever changing screenshot but I DO. What I do is all part of the plan. I may appear frustrated but it is all good part of the process. It is only bringing me closer every step to my goal.

I am curious if you run your strategy in replay, how would it perform in march and april. I think net outcome will be loss as with any trend following strategy. I initially focused only on Trend following, tested over 50 styles, settled on 3 and then came March and most of them began to decay. I had anticipated this and thought of several reversion strategies which I now also have settled on BUT if I have to rely on my abilities to turn on/off algo based on market condition, so be it but I rather focus on a hybrid model that will work in all conditions. Before going on vacation, I was already thinking about this. Then came the introduction of HH/LL/HL/LH and pullback and ZZ as a way to always navigate thru the up and down trend/market/range cycles. It's not perfect but this is where I am at this point.... testing a universal strategy that is acceptable under any market condition which automagically measures the trend strength, measures the scale of range and adjusts the profiting and risk-taking parameters that is in alignment with the market condition "and NOT with my stipulated and fictitious trading plan". IS this all possible? I have no idea but I will never know unless I ATTEMPT to find a solution first, test it and then try a little live trading once in a while to "feel" and "experience" it under live market conditions. That's a overall reflection of my journey in a nutshell! Folks may agree or disagree or comment positively or negatively or call me names. I am and will continue to take everything into account but at the end of the day, my plan is NOT changing based on what I read here! I write this with no offense to anyone's experience or expert opinion.

I may appear all over the place hopping from thread to thread over past many months like a "demented butterfly" (as someone put it a while ago) and then asking folks for stats and exchanging ideas via PM etc because what I am trying to achieve as part of my overall plan is something no one here is able to accurately comprehend. You are all looking for Vee to experience immediate gratification (can Vee make money, is he afraid to lose, is he emotionally ready. what is he waiting for, try small and get in the market blah blah) I think that is the worst advice to give to a noob like me and others venturing in futures. Even Mark Douglas' recommendation of using his 20 trade approach to finding edge is not applicable to futures. That approach in itself would cost me over $3-5K. Trading infrequent one-day a month or week with targeted focus is a better approach for my journey.

The information below this line should be taken in a friendly tone. It's time to get real and that is all I am writing down below.

Your assumption is that what I showed you is the only method of entry. I have only shared the most conservative method of getting into a trade. I have also not shared with you the trade management portion. Things like when to move the stop, when to close and take an opposite position, etc, etc, etc.

Using just 4 moving averages there are over 15 different entries that are trade worthy and vary depending on the current situation. This is the part I struggle with in regards to posting what I am doing. I am the one who spent countless thousands of hours developing this strategy. In reality, why should I share the details of how I am trading? Out of the goodness of my heart? Because I want to help people? Maybe the ego wants to enjoy the vindication and self satisfaction of being able to brag about how well they are doing. Who knows? Is there anyone on any forum who actually gives a flying hoot about anyone else? Doubt it.

Why are you frustrated?? It's because you are going about this completely backwards. You are assuming that you will find an edge by just looking at the data. And, you are doing this assuming that the testing mechanism in your trade software is accurate and complete. You are trading with far more contracts than you should be trading. Because of that, small mistakes on your part are very expensive in relation to your account size. That's why a part of me hopes that the new micro contracts on indices become wildly popular. Unfortunately, I actually believe they won't take off because as one person on FF put it " if you're not ready for the BEAST..then you should play with the kittens first". The ego in most people will not allow them to reduce their risk by as much as possible during the learning phase of trading. Inside they want to be the hero of FF and show everyone how they have become one of the less than 10% that made it. Superman syndrome. I am no exception to this rule. "Watch me trade an 800 dollar account" Look at me I am awesome.... etc etc etc. It's all BS.

There is now and has always been only one edge in trading and it can be found simply by looking in a mirror. No indicator, no system, no EA will ever make you successful at trading. NEVER. Thinking so is like walking into a gym and bench pressing 500 lbs on your first day. The results will always be disastrous. You cannot backtest yourself into future success.

The goal in trading is not to make $1,000,000 a year, the goal is to become the kind of person that makes $1,000,000 a year. When you do, the rest will take care of itself.

What are my results for the week? Who cares? They are my results. They have no impact on anyone's success or failure. It doesn't matter what I do or how I trade. I could post every single trade entry method and 95% or more would still get it wrong. Why? Because they are looking for the easy way out. They are looking for something external to make them successful. It doesn't exist.

It's 9 pm on a Friday night, the markets are closed and what am I doing??? Studying charts and last weeks trades. What will I do this weekend? Study charts probably for 8-10 hours a day. Most likely more. I will run the market replay feature in ninja trader to improve my timing and tweak my automated strategy even more. What are others doing? Watching make believe people in a make believe world fight a make believe war and then wonder why they are not reaching their goals in the real world.

Hope everyone has a great weekend.

Thanks mf. I am usually a raging bulldog this time of the week so I will keep this short and friendly. Thanks for your perspective.

You didn't answer the specific question I asked and focused on my personal opinion on trend following systems but it is what it is. You still have my respect so good luck with your journey.

I am going to take a break from posting my trading related journey in this thread.... too many opinions and distractions from folks who are just not in tune with what my goals are and the path I have chosen to get there.

Like I said when I started this thread that I am dedicating my journey to TwoBlink.... here along with my recent links for those with a curious mind. Learn to think first instead of following and liking stupid posts all day long and trolling!

https://www.forexfactory.com/showthr...6430#post66430

Good read on TwoBlink's thought process. This is how I like to think also when I am in research mode (although he is way too advanced in math than I will ever be!)

Me2 brother....I posted the loss I took right before the trend took off, expressed an emotion but folks felt I am frustrated blah blah....

Those who AIM HIGH go HIGHER in LIFE !!!!

So true about Tunnels and Channels. They all rely on wicks and wicks are the most manipulated areas on the chart !

Solution: Do opposite of what the retail crowd does !

Going thru the same sentiment this weekend.....

I devote this video to guys who do not understand this thread and why my journey is DIFFERENT than any other strategy development thread. Why I am ALL OVER THE PLACE. Why I am allowing myself the CHASE IDEAS? Why I no longer read books and listen to videos from Gurus since 2015. If 95% are all struggling, then 95% of the junk available to all retail traders HAS TO BE JUNK ! THERE IS A METHOD TO MY MADNESS lol

Why Majority are always wrong!



I found it posted here

Actually a great video, fun to watch..... All the best.

Well don't give up Vee. I love your thinking and approach to things.

The Majority are wrong because they learn from majority thinkers.. You're already out of their box.. So carry on and one day out of the blue it will hit you. The answer you're looking for.

Don't think about it so much and let the subconscious take over.

Tears of Joy!

Be Relentless
Embrace Ideas and freedom of expression - Be persuasive
Embrace Emphathy and compassion. Create opportunities for those who follow you!

Wise words

Thats a blessing Vee. Hope the weekend is full of smiles.