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  • #1,401
  • Feb 25, 2019 3:05pm Feb 25, 2019 3:05pm
Quoting hilmy83
{quote} +$915 managed to make a mistake at session open by entering early. even though it worked out, it was not per rules. glad i just closed it early; at least discipline is still there. Then 2nd mistake was not realizign where the range is relative to the 10 day atr, we're at the max range. adjusted the TP after the retracement and got out where i was supposed to this week, month just been stressful. i just want the next 4 days to finish quickly in profit so i can call it a month did i mention that TRADING IS VERY HARD? IT IS HARD!!!! NOTHING...
i was married to a bullish sentiment today, and kept buying into the dips thinking it would break the high. It just died after touching the high. My reasons were that we are beyond yesterday's high followed with a decent run in eu going into US session. can't believe it just died just like that. Not the smartest thing to get married to the analysis, but i felt like it was justified. Managed to just cut the loss shorter than what it could've been. So at least i maintain some sanity.

tomorrow, if i experience another loss, i'll call it a month and just spend the next couple of days reviewing the drawing board. I'm not wiling to end the month in a loss. If i can walk away from feb with few g's after a shitty performance, that would be more than i really deserve.

keep on grinding

-$3495

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  • #1,402
  • Feb 25, 2019 7:33pm Feb 25, 2019 7:33pm
Quoting hilmy83
{quote} i was married to a bullish sentiment today, and kept buying into the dips thinking it would break the high. It just died after touching the high. My reasons were that we are beyond yesterday's high followed with a decent run in eu going into US session. can't believe it just died just like that. Not the smartest thing to get married to the analysis, but i felt like it was justified. Managed to just cut the loss shorter than what it could've been. So at least i maintain some sanity. tomorrow, if i experience another loss, i'll call it a month...
I apologize if I missed it... did you withdraw all your 2018 winnings to start the year with market's money? I was in Cancun last few days in December and recall you mentioning something to that effect. I hope you did :-)
Staying in my lane...
  • #1,403
  • Feb 25, 2019 8:01pm Feb 25, 2019 8:01pm
Quoting VEEFX
{quote} I apologize if I missed it... did you withdraw all your 2018 winnings to start the year with market's money? I was in Cancun last few days in December and recall you mentioning something to that effect. I hope you did :-)
yea did that back in december. original deposit plus some profits. it's house money now..

https://www.forexfactory.com/showthread.php?p=11814274#post11814274
  • #1,404
  • Feb 26, 2019 11:45am Feb 26, 2019 11:45am
Quoting hilmy83
{quote} i was married to a bullish sentiment today, and kept buying into the dips thinking it would break the high. It just died after touching the high. My reasons were that we are beyond yesterday's high followed with a decent run in eu going into US session. can't believe it just died just like that. Not the smartest thing to get married to the analysis, but i felt like it was justified. Managed to just cut the loss shorter than what it could've been. So at least i maintain some sanity. tomorrow, if i experience another loss, i'll call it a month...
+$1685

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this is what my current journal looks like. just basic daily pnl with RTC (round turn contracts) taken from broker daily statements. And weekly and monthly pnl and net pnl. Also included the cost of trading (commissions, platform, data, journal/vps). my goal next month is to to use the online journal and document more information (emotion, tags setup, etc). I need to gauge how i'm performing under each all trading conditions and how my emotions fluctuate

So far this month...

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Just need two more days..2 MORE, then we can close the book on Feb.

I do notice there is correlation between losing days and higher than normal contracts. I think i might be loading up too quickly on some of the setups. WHen i lose, it adds up quick for the rest of the day. So I'm going to look into the bet sizes for my setups and see if i can spread the risk a bit more and not commit on the first setup too often. Hopefully that will help me in becoming more efficient with my cost from commission standpoint.
  • #1,405
  • Feb 26, 2019 11:51am Feb 26, 2019 11:51am
just curious, have you backtested your strategy rules (manually) through the charts?
  • #1,406
  • Feb 26, 2019 11:57am Feb 26, 2019 11:57am
Quoting alphadude
just curious, have you backtested your strategy rules (manually) through the charts?
when i switched to futures, i already had experience trading forex. i took basic concepts of range,breakout and trend trading. The only thing i really added is vwap as a way to gauge the "fair value" price.

But i did go back about 1 year to go through the setups. i know that's nothing compared to what most people preach. I just don't have the patience. ONce i get 1 year backtest in, i forward test it live.

it's just how i do things..right or wrong
  • #1,407
  • Feb 26, 2019 8:28pm Feb 26, 2019 8:28pm
Wtfffffffffff

cqg is not loading data

checked with sierra, tradignview and can't login to cqg desktop

sent these motherfuckers email ..
  • #1,408
  • Feb 26, 2019 8:34pm Feb 26, 2019 8:34pm
OK CME is under load of pressure

pissed off right now, how is the global exchange be down. i'm mad and do shit!!

https://www.zerohedge.com/news/2019-02-26/us-equity-bond-futures-have-stopped-trading-cme-unresponsive
  • #1,409
  • Feb 26, 2019 8:38pm Feb 26, 2019 8:38pm
i have a gut feeling some assholes are trading in the background.....maybe big moves after open..market crash? hack? god knows..

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  • #1,410
  • Edited 9:05pm Feb 26, 2019 8:49pm | Edited 9:05pm
Market Wizard Linda Raschke Speaks @ the SuperTrader Summit
She is talking about Market Outliers in her Trading career.

https://youtu.be/n-YbzyVgG-w
  • #1,411
  • Feb 26, 2019 9:02pm Feb 26, 2019 9:02pm
well...there goes the asian session..maybe i should take a nap for eu session

remember this day

2/26/19
@ 6:40pm CST

CME is down...
  • #1,412
  • Feb 26, 2019 9:25pm Feb 26, 2019 9:25pm
Quoting hilmy83
well...there goes the asian session..maybe i should take a nap for eu session remember this day 2/26/19 @ 6:40pm CST CME is down...
if you look at it with glass half full: no trading=no losing=1 step closer to finish February in profit= good for target goal
there is always, always another trade!!
  • #1,413
  • Feb 26, 2019 9:54pm Feb 26, 2019 9:54pm
Did a recording to see how the DOM looked after CME reopened at 9:45pm cst.

even put in 30, 40 contract order to see if i can spook the market heeh

i hope they don't go after me for spoofing lol

https://www.youtube.com/watch?v=dxKsB8VXwz8
  • #1,414
  • Feb 26, 2019 11:40pm Feb 26, 2019 11:40pm
Quoting CARP.BLUFFS
Market Wizard Linda Raschke Speaks @ the SuperTrader Summit She is talking about Market Outliers in her Trading career. https://youtu.be/n-YbzyVgG-w
just some thoughts to her points :

1. dont put valuation to the market you're trading

i don't agree with this. the whole idea of market transaction is to buy at wholesale and sell at retail to make a profit. valuation by whatever means helps the trader determine if he's paying a good price for it. No different than shopping for milk, car, or house, there's always valuation to consider.

2. don't be cocky after making money

totally agree. the market has no memory of you or your last trade. you focus on the next trade. period

3. takes few years to go through all the trading information out there

definitely the main reasons newbies burn out. There is so many analysis methods, indicators, and the different permutations of rules can make you insane if you don't approach it methodically and some patience. Also, once you figure it out, you have to implement it live and that takes more time to comb through the eccentricities of the strategy to fit your style.

4. her mention about the volatility breakout system actually gives me comfort that the pros just have simple systems. which means that algorithms function similarly because programmers learn form these basic concepts. what this means is that, the market always has pattern structure to it MOST of the time for us take advantage of every single day. you just need to have a robust strategy

5. her story about how her positions were down due to governement intervention of fanni mae/freddie mac is super motivational. she minimize her bad positions and exited out and continued trading and ended up positive for the month. This is absolutely imperative if you want your accounts to survive the outliers. TAKE THE LOSS. i've seen TE after TE where people just leave their fucking open trades hoping for a bounce. It's a proven fact (based on my experience and her story and countless experiences i've read) that you can recover quickly during the volatile times that went against your original positions. All you need to do is close out and KEEP TRADING. Execute the strategy and take advantage of it, instead of sitting back like a fucking retard and hold on to losses.

6. it's not yours until you lock it..well i can expand on that. it's not profit unless you WITHDRAW it..
  • #1,415
  • Edited 9:28pm Feb 27, 2019 12:08pm | Edited 9:28pm
Quoting hilmy83
{quote} just some thoughts to her points : 1. dont put valuation to the market you're trading i don't agree with this. the whole idea of market transaction is to buy at wholesale and sell at retail to make a profit. valuation by whatever means helps the trader determine if he's paying a good price for it. No different than shopping for milk, car, or house, there's always valuation to consider. 2. don't be cocky after making money totally agree. the market has no memory of you or your last trade. you focus on the next trade. period 3. takes few years...
hmm.... Right around 15mins, she admits "I am still in debt with my clearing firm". How the hell did she become a wizard? rethinking if I should continue listening and feel like a moron myself :-)

EDIT: Still listening.... she mentioned "Bob" about trying out all the strategies. So True.... You have to spend time investigating what works and what does not.... process of elimination is what I truly believe in as my solution to eliminate any sort of biases (and believe me, there are atleast a dozen biases that affect our mind negatively impacting our bottom line)

Edit: Interesting... "Logical Processing Framework" is what I refer to as "OC Theory" in my thread. It's all data driven... it has to be... to avoid guess work or reliance on luck.
Staying in my lane...
  • #1,416
  • Feb 27, 2019 3:49pm Feb 27, 2019 3:49pm
Quoting hilmy83
{quote} +$1685 {image} {image} this is what my current journal looks like. just basic daily pnl with RTC (round turn contracts) taken from broker daily statements. And weekly and monthly pnl and net pnl. Also included the cost of trading (commissions, platform, data, journal/vps). my goal next month is to to use the online journal and document more information (emotion, tags setup, etc). I need to gauge how i'm performing under each all trading conditions and how my emotions fluctuate So far this month... {image} Just need two more days..2 MORE,...
-$1800

way to many contracts, and all over the place.

on the flip side found a range pattern that is pretty nice. Actually bailed on it at 10am to see what it does.

so basically i have 2 hold em patterns that i can use for bigger gains.

ok lets get tomorrow over with

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  • #1,417
  • Feb 27, 2019 11:21pm Feb 27, 2019 11:21pm
hey man, I just learnt from AMP support that we can use MT5 without paying any extra for data feed with CQG. It syncs up with the live account in real time and stores unlimited historical order fills. This might be an option for you if you prefer mobile and bypass firewall issues at work as well as do stat analysis. Knowing this, I am not sure why it is free. AMP has been promoting MT5 a lot lately so go figure. I ain't touching that shit but since I am struggling with Sierra, I am thinking about it :-
Staying in my lane...
  • #1,418
  • Feb 28, 2019 12:06am Feb 28, 2019 12:06am
Quoting VEEFX
hey man, I just learnt from AMP support that we can use MT5 without paying any extra for data feed with CQG. It syncs up with the live account in real time and stores unlimited historical order fills. This might be an option for you if you prefer mobile and bypass firewall issues at work as well as do stat analysis. Knowing this, I am not sure why it is free. AMP has been promoting MT5 a lot lately so go figure. I ain't touching that shit but since I am struggling with Sierra, I am thinking about it :-
MT5 uses different price values and it can be very confusing. Not sure if it's fixed now. Basically, this is for Forex platform, not Futures. More details: https://www.forexfactory.com/showthread.php?p=10929034#post10929034
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,419
  • Feb 28, 2019 1:03am Feb 28, 2019 1:03am
Quoting heispark
{quote} MT5 uses different price values and it can be very confusing. Not sure if it's fixed now. Basically, this is for Forex platform, not Futures. More details: https://www.forexfactory.com/showthread.php?p=10929034#post10929034
WOW. Thanks for confirming my belief in CrapT5. I don't know how I feel about the brokers who offer MT5. Let me ask you... do you think it is appropriate for your broker to know your platform login's password? Only I should know my Sierra Login password right? That is not the case which I find it quite alarming.
Staying in my lane...
  • #1,420
  • Feb 28, 2019 1:47pm Feb 28, 2019 1:47pm
Quoting hilmy83
{quote} -$1800 way to many contracts, and all over the place. on the flip side found a range pattern that is pretty nice. Actually bailed on it at 10am to see what it does. so basically i have 2 hold em patterns that i can use for bigger gains. ok lets get tomorrow over with {image} {image}
+$2315

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final feb tally

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After all costs/fees my net PnL is $5368.85.

I can confidently say that i had 1.5 days of tilt. 1 day of legit loss and 1 day of observational day that led to loss (due to bailing out early).

I still have a lot of work to focus on particularly proper bet size for setups. Tilt is an ongoing issue, but I think it's getting better. And of course, I need to get more in depth stats of my results, which will begin next month with the online journal.

For March, I'll be sharing the daily results from the journal.

Keep on grinding...
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