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

  • #101
  • Edited 11:44pm Feb 1, 2019 11:28pm | Edited 11:44pm
Quoting VEEFX
{quote} hey man, I found these studies that have subgraphs that you can use in your spreadsheet thing. The daily P/L and Closed P/L could be used. {image}

hmm.... if these studies have subgraphs then I can make a reference to them in my "Trading based on Alert Condition" study formula via "IDnn.SGxx > 100" and trigger a "BuyExit" and "SellExit" when Alert condition is met. Interesting finding? This might work in market replay also Nik (I hope!).

I will try it make it work tonight.

EDIT: Sorry Nik. I will need your assistance. These studies do not take into account open trade PnL. Works fine only for closed trades :-(
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Staying in my lane...
  • #102
  • Feb 1, 2019 11:50pm Feb 1, 2019 11:50pm
Quoting VEEFX
{quote} hey man, I found these studies that have subgraphs that you can use in your spreadsheet thing. The daily P/L and Closed P/L could be used.
Yes, but note none of these are floating Pnl, only closed Pnl. For floating you will need cell J10 in spreadsheet. Its simple, however to make it work with your current (very basic) setup via trading study, you need to have a SL set as part of your order execution. Do you place SL when executing trades?

If you do not place SL at time of order execution, you will need to build your system again in Spreadsheet as there is advanced functionality you will need in order to flatten. Sounds cumbersome, but it isnt, and its well worth the effort. Besides, formulas for alerts and spreadsheet are essentially the same syntax.
  • #103
  • Edited 9:20am Feb 2, 2019 2:05am | Edited 9:20am
Quoting Nik-Nyc
{quote} Yes, but note none of these are floating Pnl, only closed Pnl. For floating you will need cell J10 in spreadsheet. Its simple, however to make it work with your current (very basic) setup via trading study, you need to have a SL set as part of your order execution. Do you place SL when executing trades? If you do not place SL at time of order execution, you will need to build your system again in Spreadsheet as there is advanced functionality you will need in order to flatten. Sounds cumbersome, but it isnt, and its well worth the effort....
Hi Nik, I do always set SL upon entry as an attached order....but a very large value initially which gets reset between 5-35 ticks usually but could be more depending on time and session range. Lets go with whatever is needed to make your solution work and not make it too complex.
I will always have predefined TP as well but distance will vary based on my OC Oscillator logic. It's derived from a calculated angle measured in degrees between 0 and 90. Probably too much info but it is all dynamic and attached TP order will constantly change around (every second for a while at least) to exit at the max range of the move.
Staying in my lane...
  • #104
  • Feb 2, 2019 9:31am Feb 2, 2019 9:31am
Nik and V - You two are impressive. I cannot follow anything you are saying... literally like reading a different language! I am really enjoying your journey and applaud your reasons V!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #105
  • Feb 2, 2019 10:09am Feb 2, 2019 10:09am
Quoting capstone
Nik and V - You two are impressive. I cannot follow anything you are saying... literally like reading a different language! I am really enjoying your journey and applaud your reasons V!
Appreciate the feedback. I doubt there is any real life strategy development thread that shares what is really involved in developing a robust comprehensive strategy. Even after this, there is NO guarantee of success in trading but knowing I have gone thru the right process, done my due diligence, relied on my own skills instead of others and put all the protective controls in place is good enough for me to accept "failure" and lose on my own terms and abilities. I failed in spot FX for first 5 yrs because of listening to others and trying out all the "simple" system thread strategies in live account (A big middle finger to myself first and then to BurgerKing, Auslanco and all the m*therf*cking idiots of factory I followed around back in the day!!!). That will never happen in futures unless I see live real time results!

I will NEVER go live unless my success criteria is justified first in market replay with live market data. Even after that, I will get out of trading soon and announce failure on my own terms but so far, trading environment in Futures is legit and money CAN be made from all my research thus far so I ain't giving up anytime soon and I won't be conservative either. If I realize consistent results, I will be going in with all I got!

I am leaving no stone un-turned to avoid finger-pointing towards anyone other than myself. That is the only way to live thru failures and overcome obstacles :-)
Staying in my lane...
  • #106
  • Feb 2, 2019 11:21am Feb 2, 2019 11:21am
Reminder to self: Angle is my Angel. Trust her and everything will be okay in the end. Basic Math will never lie so go for it and let the results prove me wrong. Don't feel and feeling is the root cause of correct or incorrect biases formed which may or may not be applicable to the specific trading scenario. Universality exists... I have proven that. That does not mean a stencil or template of market microstructure will produce uniformity in results. There will still be bursts of unknowns and vagueness involved but the universal and neutrality in my framework will address and contain those automatically without any specific actions. Trust the structure. Trust the framework... even if it look retarded to the naked eye. Focus only on the overall outcome which I can feel and touch i.e. account withdrawals.

EDIT: Angle determines the transition of dimensions from one to another on charts, in space, in my focal interpretation and in my overall understanding of market principles and trading styles. Maintain Focus and don't let her get away with it.
Staying in my lane...
  • #107
  • Feb 2, 2019 11:27am Feb 2, 2019 11:27am
Thanks to engineers at Sierra Chart for creating this study. This is the only study I need to define universal rules that apply to everything in trading as it only relying on underlying data and not on any games or tricks that our minds would play while trading. This was a Good Discovery last night to further simplify my rules of engagement. Simplicity CAN be derived from utmost complexities in everything around us. It's in our human DNA. It's what we do every second of every day in our lives. Use it!

EDIT: OC Oscillator Complexity cut in half just by this discovery.... looking good. Let's continue to press on. Life is short! Cannot be doing this forever and tout my intelligence. It means nothing if I cannot arrive at the endgame. Get It Done with Focus....G(F) !!!
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Staying in my lane...
  • #108
  • Feb 2, 2019 11:32am Feb 2, 2019 11:32am
Decision point before this weekend end: Uni-Directional or Bi-Directional. Got to pick one to avoid getting stuck with mirror-imaging syndrome in my thought process. Cognitive Dissidence is real and exists in every TICK. Be aware of binary nature of markets and it's effects on my cognition. Do NOT TAKE notes or generate piles of spreadsheet data. Eliminate point of "look-back" references.

Self Reminder: Never forgot how obsessed and possessed I became in 2016 to the point of giving up everything to find solutions. Control your obsession with finding each and every answer to unknowns. Follow the rule of "No more than 3" as part of my "Staying in my Lane" philosophy. No more locking myself in the room for days!
Staying in my lane...
  • #109
  • Feb 2, 2019 11:37am Feb 2, 2019 11:37am
Self Reminder:
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Staying in my lane...
  • #110
  • Feb 2, 2019 11:40am Feb 2, 2019 11:40am
Self Reminder: Stop the urge to ask how they trade or their opinions. Not my problem anymore. What I do is all that should matter to me and me only. Ignore the trading community and put the blinders on to avoid unnecessary distractions.
Staying in my lane...
  • #111
  • Feb 2, 2019 12:16pm Feb 2, 2019 12:16pm
Quoting VEEFX
{quote} Appreciate the feedback. I doubt there is any real life strategy development thread that shares what is really involved in developing a robust comprehensive strategy. Even after this, there is NO guarantee of success in trading but knowing I have gone thru the right process, done my due diligence, relied on my own skills instead of others and put all the protective controls in place is good enough for me to accept "failure" and lose on my own terms and abilities. I failed in spot FX for first 5 yrs because of listening to others and trying...
what was the "success criteria" again? list them please
  • #112
  • Feb 2, 2019 12:31pm Feb 2, 2019 12:31pm
Quoting hilmy83
{quote} what was the "success criteria" again? list them please
Only after I have the equity stops logic in place.
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Staying in my lane...
  • #113
  • Feb 2, 2019 12:37pm Feb 2, 2019 12:37pm
Quoting VEEFX
{quote} Only after I have the equity stops logic in place. {image}
that's more of your opinion of successful trader vs a wannabe.

i was asking more on the line of "when the hell are you going live?"...so i guess you have just one variable left? when to stop trading? (in profit or in loss?)
  • #114
  • Feb 2, 2019 12:51pm Feb 2, 2019 12:51pm
Quoting hilmy83
{quote} that's more of your opinion of successful trader vs a wannabe. i was asking more on the line of "when the hell are you going live?"...so i guess you have just one variable left? when to stop trading? (in profit or in loss?)
yes.. when to stop trading is essential in all my findings towards positive expectancy and to prevent expectancy decay which is inevitable imo. In a 50:50 probability game before costs, stop trading is an essential and necessary element and I am going to stick with what I know and see. So far it is all visual and in my head. I have yet to quantify it.

Edit: Stop Trading condition does not have to be based on equity goals. A time stop like Harold should suffice. I am only trying to explore the Equity explosion POTENTIAL of what is achievable. That's all. I have already settled on multiple time-stops defined for trending and ranging markets conditions.... but most likely I will stick with divergence.
Staying in my lane...
  • #115
  • Feb 2, 2019 12:55pm Feb 2, 2019 12:55pm
just to be clear where I am in this journey... I have yet to write a SINGLE word in my trading plan. I will get there when I get there. There are no short cuts or magic pills to swallow :-

EDIT: With that said, I can trade LIVE tomorrow and find some decent success with what I already know :-)
Staying in my lane...
  • #116
  • Feb 2, 2019 1:01pm Feb 2, 2019 1:01pm
Quoting VEEFX
just to be clear where I am in this journey... I have yet to write a SINGLE word in my trading plan. I will get there when I get there. There are no short cuts or magic pills to swallow :- EDIT: With that said, I can trade LIVE tomorrow and find some decent success with what I already know :-)
then do it
  • #117
  • Feb 2, 2019 1:04pm Feb 2, 2019 1:04pm
Quoting Divergence
{quote} then do it
dude.. I know. I will happen but on my terms following a structured methodical process that I am used to following. The moment I finish write the first para in my trading plan without all the pieces knowing, I am already way to late to recover from the formed bias. I have studied how my mind works 7 ways to Sunday. I have a laundry list of things to avoid lol
Staying in my lane...
  • #118
  • Feb 2, 2019 1:08pm Feb 2, 2019 1:08pm
Quoting VEEFX
{quote} dude.. I know. I will happen but on my terms following a structured methodical process that I am used to following. The moment I finish write the first para in my trading plan without all the pieces knowing, I am already way to late to recover from the formed bias. I have studied how my mind works 7 ways to Sunday. I have a laundry list of things to avoid lol
but please keep on reminding me to move forward towards going live lol. This helps me to stay focused and avoid analysis-paralysis (which I am fully aware of) but also remember, I began strategy development only in late december (actually early january as december was all about my curve-fitting exercise to understand NQ's potential)
Staying in my lane...
  • #119
  • Feb 2, 2019 1:11pm Feb 2, 2019 1:11pm
also know that a complete stranger told me once "you will fail without a well documented trading plan". He was right and I fought several times arguing over this with him via PM. I never forget what burnt me so taking things nice and easy in futures to avoid the repeat of my pitfalls.
Staying in my lane...
  • #120
  • Feb 2, 2019 1:16pm Feb 2, 2019 1:16pm
INCOME that's what's trading is all about making INCOME just like your job is all about
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