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Lusan's trade Journal

Quoting jest1081
Hi Lusan,

does this mean, at full exposure you are likely risking 50% of your equity?
Nop. It means that I use only 50 % of my equity for trade. I do not consider the rest as part of available trading money. It is a buffer for catastrophe day. It is a huge well to avoid any margin call. This is necessary, as I understand, to apply fti's approach and for psychological reasons.

For example, if I have $10K then I use only $5K for trade. This gives me 5K * 30/32 = 4687 unit/troops. 30 is my 30:1 leverage and 4687 is the maximum number of units that I could designated as a troop. I have not yet calculated my exposure because I need to gain more experience with my hr trading sessions, and also because I am trading with a training mentality. Currently my troop size is 1000.

Since my current trading sequence is 1-3-3 my exposure is at most for 7000 units. Now the question is what is the PA variability between 4:00 and 5:00 am. That is the max actual exposure for that sequence. I will look into it after I have more data and experience.

Thanks for visiting.
Empty as water and soft as a facing wind mountain
Not such a hot session. PA is not trending and seem to be reaching for a reversal. I picked PA up at mid stream. Got a few pips and went to bed.

(1) scout out - short
(2) 3 troops out - short -Note that PA is undecided.
(3) 3 troops out on the spike with 30S time frame
(4) scout brough home -why? Undecided PA - reversing?
(5) 3 troops back home
(6) 3 troops out for small tax collection. -Entered long, collected and returned home.
Result: 14 pips for the bank.

I think that we might have one hour reversal and the beginning of another 5M leg. The one that I played was already ending and I need to "baby sit" for a full hour. That would take me away from my MO. So I am out for the day.

Learning:
I do like playing one 5M bar a the time. You figure.
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Empty as water and soft as a facing wind mountain
I returned from work. I read so many notes in the fti thread, so much to say. I prefer to practice. I gave myself the following task: Get 1 % in equity playing your best game without much concern to consequences, just play your best hand.

Here you have it. It is a demo account. Not serious at all, but you see 1 % done using fti teaching adapted to my own crazy style. Probably I could do better but (1) it is just an experiment, and (2) 1 % is plenty for an hour work, right?

It is an interesting campaing because there is a segregation of trades. Note that most of my trades are in the left side and the profit taking in the right side of the graph. Why? I was benefiting of averaging IN!

Learning:
1- Trust that the 5M will likely revert if you entered in the wrong direction
2- Pump PA - I mean enter/exit within a single 5M bar. capture at will the enemy soldiers.
3. Do not be afraid of finding self with 1% down. Keep an eye on fractals and S/R, etc. I mean: watch carefully PA
4. Disregard that other will not understand this way of trading. Take you 1 % and run to the bank. Have a nice dinner and laugh.
5. I am still learning. This is a much aggresive way of trading than the one I use in my real money account. How did I do it? I dance the spirit of fti's teachings. I do not follow the letter at all. That is my own doing. Oh well...I am the one facing the market and my own fear.
6. All this was done within 10 5M bars! I traded 9 of them. Totally insane!

What is the meaning of all this? I model with my trades the shape of PA. That is very odd. I never read about it in any trading book. I will think about it. This might be very important.

Warning: I trade the 5M but I keep close attention to the 30S and 10S time frame. Why? "Wheels within wheels" That is the key message for this type of dance. I dance the 5M keeping an eye on the 30S and 10S wheels.

1 % in equity in just 1 hour! That is amazing! Thanks to fti who made me think about this way of trading. Of course, anyone could do it day in and day out. Right?

God speed!
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Empty as water and soft as a facing wind mountain
I thought today was the day of reckoning but I was disappointed.
Due to my yesterday aggressive demo play, I went somewhat too fast today. I was out of sync with the market..Still technique save the day. I won the war and brought just a small booty...Oh well. there will be better days.

(1) scout out - bad entry. The previous bar was indicating a short reversal. Are 5M hammer telling anything?
(2) 3 rescue out - failed
(3) 3 rescue out - failed -bad entry because both rescue troops are in the same trenches?
(4) 9 rescue out - In panicking- Reset profit taking - book in real danger
(5) 9 back home together with the scout
(6) Everybody home
Result: only 16 pips

Learning
(1) Need to define the line on the sand. The book was in real trouble.
(2) Need a better spread of the entry points. 2 set of rescue at the same level was not good
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Empty as water and soft as a facing wind mountain
Today I took a softer approach and still I found myself against the trend, but technique brought home the booty.

Bias: long - 15 min in support but EMA(48) was saying go short. Any way. I went long driven by my belief on the falling dollar. Foolish!

(1) scout out - long
(2) 3 troops to rescue - bring troop home and keep the scout out
(3) 3 troops out...bottom out? Wrong! - Oops. my stress is building up
(4) 9 troops out...short target...save the book and bring the scout in
(5) 3 troops out for pumping out
(6) Everybody home - Market reversal? Time to celebrate and go to bed.
In balance: 42 pips for the book
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Empty as water and soft as a facing wind mountain
There so much to learn about myself and the market action.
fti suggestion of hanging around a level for a while seem a very good idea.
PA surprises me everyday with its changes.
I think I should keep in this level for quite a long time.
What about 100 wars?
Empty as water and soft as a facing wind mountain
Quote
Originally posted by Lusan :
Today I took a softer approach and still I found myself against the trend, but technique brought home the booty.

Bias: long - 15 min in support but EMA(48) was saying go short. Any way. I went long driven by my belief on the falling dollar. Foolish!

(1) scout out - long
(2) 3 troops to rescue - bring troop home and keep the scout out
(3) 3 troops out...bottom out? Wrong! - Oops. my stress is building up
(4) 9 troops out...short target...save the book and bring the scout in
(5) 3 troops out for pumping out
(6) Everybody home - Market reversal? Time to celebrate and go to bed.
In balance: 42 pips for the book

Hi Lusan,

I'm a slow learner. I guess it's easy to grap step 1 but I've problems with steps 2-6. Do you mind elaborating more on the rates that you took from steps 2-6? I interested to learn to dance the way you dance and appreciate your enlightenment. Thanks
After more action from the FED, the bias should be EUR/USD long, right? Nope. The bias is whatever the 5M is telling us!

bias: 5 M in reversal mode and climbing. So long.

1. Scout out --tipo error- broughit back and lose spread...not good start.
2. Scout out -- Profit taking inmediately
3. Another scout out
4. 3 troops to the rescue
5. Rescue accomplished and scout remain in the field
6. 3 more troops out - Breakout reversal complete
7. Everybody home - War finished.
Booty: 45

Learning
(1) Remember to stay away from news influence
(2) It is nice to be with the trend in attack mode
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Empty as water and soft as a facing wind mountain
Quoting doremi
Hi Lusan,

I'm a slow learner. I guess it's easy to grap step 1 but I've problems with steps 2-6. Do you mind elaborating more on the rates that you took from steps 2-6? I interested to learn to dance the way you dance and appreciate your enlightenment. Thanks
Sure. I dance with my gut and a little of reason.

I mean.
The 1X scout is out, right? I note that the market is against me...I am losing
I need to protect my book..So I send 3X soldiers out and adjust profit to about 6 pips...Then profit taking...

What do I do next? It depends on my feel of the 5M beast. In this case the market is still coming down on me...I repeat the rescue again...I observe that the market is reaching a reversal? How? The distance from low to low are getting closer and closer...I keep my eyes on 5M, 30S and 10S... I get more profit...

Now the question...keep going or close the book. Answer: Enough for the day.

See: I am training on listening to the 5M and reacting to whatever tune it plays. I am not aware of anyone one with a similar approach. I am using fti strategy for very very short trading. This might not be recommended with large sizes; it is very emotional scary.

Thanks for your visit.
Empty as water and soft as a facing wind mountain
Quote
Originally posted by Lusan :
Today I took a softer approach and still I found myself against the trend, but technique brought home the booty.

Bias: long - 15 min in support but EMA(48) was saying go short. Any way. I went long driven by my belief on the falling dollar. Foolish!

(1) scout out - long
(2) 3 troops to rescue - bring troop home and keep the scout out
(3) 3 troops out...bottom out? Wrong! - Oops. my stress is building up
(4) 9 troops out...short target...save the book and bring the scout in
(5) 3 troops out for pumping out
(6) Everybody home - Market reversal? Time to celebrate and go to bed.
In balance: 42 pips for the book
Attached Images

Thanks so much for the reply. Okay let's refer to your post#25 again. Step1...I presume you scouted long @1.5590. But it went against you. Step2...Then you sent 3 troops to rescue @1.5575 and brought the troops [email protected](step2), right? Step3..you sent 3 [email protected] long? But it went against you. Step4...you sent 9 [email protected] short and brought them [email protected] Step5...you sent 3 [email protected] for pumping and brought them [email protected] do you mean by pumping? Plse correct me if I'm wrong.....I trying to get the giss of your dancing steps.

Usually how many pips(loss) will you usually send your rescue troops? Have you try out this dance method on other pairs beside EU? Thanks for sharing.
Quoting doremi
what do you mean by pumping? Plse correct me if I'm wrong.....I trying to get the giss of your dancing steps.

>>>pumping: let supposed I am falling behind...-15 pips...what to do?...I purchase 3 ...who knows?...I set my profit target to 5 pips...I take profit...so I got 15 pips/per troop for my trading book..Now there is bounce and high volatility...I choose to do the same...I repeat and repeat as long as I think it is appropiate...I could do it as long as PA is within a narrow range.. Pump then means to extract pips without closing the scout trade...

Usually how many pips(loss) will you usually send your rescue troops?

>>>I do not know. it depend on how I feel the market...sometimes at -10 pips...sometimes at -15...I have not fix rules...you need to dance with the market and find your own risk level...It depends on our own risk tolerance and underanding of the market.

Have you try out this dance method on other pairs beside EU? Thanks for sharing.
>>>Nope. My dance depends a lot on low spread...probably it will work with other...but I read someplace that each pair has its own character. I specialize on EUR/USD because of 0.9 pips spread with Oanda.
My friend, this is a tough dance that does not deliver a lot of pips without taking some risk. I am on training...

currently I made just a little $ with minimun risk...and I am not aware of anyone who dances so fast...If you want to try, play with a demo for a while...do not put anymoney down...After 10 try, put your very very small of cash into it but look at every penny as it was a million dollar...there is no real difference. A lose is a lose...and it show lack of technique...it is to fail...

I have not seen Yet but surprises...I believe that it might take a long time to learn the fast dance...so far I have been very sucessful but I am very scared every morning when I turn my computer on and go into trading...

I believe that If I keep the same level of consistency I should become finantially independent within a year...but it will be a lot of work and care...remember to read fti's thread...he is the core of the strategy...and the real master...even though his dance seems slower than mine...oh well, I am american...

My APPROACH IS NOT FOR LAZY PEOPLE. That is a warning: I trade for 1-2 hrs a day and during this time, I am totally focus on the PA. This time is full of fear and greed. The good news is tha when I done I go to be and sleep for a couple hours.

I am keeping track of my sucess rate...Since I began taking note, I missed 1 of 16 so that put it at 94 % sucess rate. But I still do not have the confidence of moving into the mini-lot! That give you an idea of my degree of cowardice!!! Why? Because I am in training!

Thanks for visiting.
Empty as water and soft as a facing wind mountain
great trade log thread luSan, keep it up.........
trading naked.......
Hi, Lusan! Nice trades today, keep it up. I also trade with Oanda. I'd like to ask you how do you save the pictures, I can't find this option on the platform.
Alex
Fighting a trend. This is not what I like, but we did good for the day.

Bias: PA going toward EM(48) on 15M. It should be short, but it was not...Should I drop that guidance? Too many failure...I should consider dropping it.
1. Scout on - short and now a trend reversal - rescue mode
2. 3 trooops out - profit taking and BE - keep scout out (should reverse it)
3. 3 troop out - Now I want to reverse - but more loses
4. 9 troop out - panicking and 2 level - profit taking - bring scout: too tired
5. 3 troop out - profit taking - NOW greed - I should have war ended
9. 9 troop out - rescue mode
10. Bring everybody home with a nice booty= 66 pips

Learning:
EMA(48) is very suspicious...It feels mechanical and against our philosophy of skillful dancing...I need to reevaluate dropping it.
Attached Image
Empty as water and soft as a facing wind mountain
Quoting alexfot
Hi, Lusan! Nice trades today, keep it up. I also trade with Oanda. I'd like to ask you how do you save the pictures, I can't find this option on the platform.
Alex
There is no way to do it. I wrote an screen saving utility that let me capture any portion of the screen with the option of saving it to a file. Then I just attach it to these messages.

If you want I could send you a copy but you need to PM me.
Empty as water and soft as a facing wind mountain
Inserted Code
Originally posted by Lusan :
My friend, this is a tough dance that does not deliver a lot of pips without taking some risk. I am on training...

currently I made just a little $ with minimun risk...and I am not aware of anyone who dances so fast...If you want to try, play with a demo for a while...do not put anymoney down...After 10 try, put your very very small of cash into it but look at every penny as it was a million dollar...there is no real difference. A lose is a lose...and it show lack of technique...it is to fail...

I have not seen Yet but surprises...I believe that it might take a long time to learn the fast dance...so far I have been very sucessful but I am very scared every morning when I turn my computer on and go into trading...

I believe that If I keep the same level of consistency I should become finantially independent within a year...but it will be a lot of work and care...remember to read fti's thread...he is the core of the strategy...and the real master...even though his dance seems slower than mine...oh well, I am american...

My APPROACH IS NOT FOR LAZY PEOPLE. That is a warning: I trade for 1-2 hrs a day and during this time, I am totally focus on the PA. This time is full of fear and greed. The good news is tha when I done I go to be and sleep for a couple hours. 

I am keeping track of my sucess rate...Since I began taking note, I missed 1 of 16 so that put it at 94 % sucess rate. But I still do not have the confidence of moving into the mini-lot! That give you an idea of my degree of cowardice!!! Why? Because I am in training!

Thanks for visiting.

Thanks for the encouragement. I'll try to dance slowly...and I think EU should be choice to learn how to do waltz..slow and steady. I observe that you dance very aggressively and with proper capitalisation and planning most war campaigns can be won without much problem. Keep posting, I'll be watching. Thanks.
  • Post #37
  • Quote
  • Edited 9:58am Mar 18, 2008 9:33am | Edited 9:58am
Hi Lusan,

hope you don't mind me hijacking your trade journal but since we are both on demo for this method. I'd like to share my experiences too and place em here? i'd gracefully bow out if you feel the slightest discomfort.

Hopefully we could share our experiences and compare our styles from it.

Battle 1.
Analysis, huge spike down, plan trades along the short side of the market. To close all before US opens.

1. Scout sent @ 1.5779, down 20
2. 3 Rescue troops entered @ 1.5801
3. Brought 3 out @1.5788 for average of 18pips
4. Sent in 1 more trooper @1.5783
5. Sent in another 3 troops for a final pressing attack @1.5775
6. Took 4 out at 1.5770 for and average of 29pips
7. Took last troop out @ 1.5777 for another 23pips

Total of 70pips brought home.

im quite happy with this dance, the market moved in conjuction to my positions except for the first initial entry.

lucky number 1. lol
Attached Image (click to enlarge)
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Quoting jest1081
Hi Lusan,

hope you don't mind me hijacking your trade journal but since we are both on demo for this method.

>>>Yes, to use my journal...Specially because you are exploring my own quick dance...It should help my training...

>>>No, to demo...I do not demo trade...Why? Because then there will not be any emotional training. Without it, it is a computer game. Remember the 3 components of trading: (1) market structure, (2) you and (3) proper capitalization. If I demo, then I do not have the YOU involved.

You might want to use a live account and trade troops of 100. This means that 1 pip= 1 cent but the feeling of real money is there (at least with me). I began at 100, now I am at 1000 unit/troop.


I'd like to share my experiences too and place em here? i'd gracefully bow out if you feel the slightest discomfort.


lucky number 1. lol

You dance look very good to me, a good start. What were your feelings when you dance?

You are welcome
Empty as water and soft as a facing wind mountain
Thanks,

i'll stick with demo for now. Coz i've calculated my risk skew and its somewhat around the current size im playing.

I have to admit that it takes alot more dancing to start to get the feel. The first dance for me was purely pattern recognition. i saw a big bar down after a period of consolidation, so i sent a scout to test the depth of the selling, well it wasn't so deep so as expected price re-tested the area where the selling was first seen. I used it as a chance to further add to my shorts.

as you can see, i am still not in the zone where i can tango with the market, but i'm 'expecting' prices to get here and here, i was trying to be ahead of the dance. Thats still not good!

The last two entries were the ones i was proud of. They brought little but i felt the movements.

I guess it has been ingrained in me after years of trading that such is the MO for trading, change is good but no-one said it was easy. lol.

oh i've just realised...Interbank's spread....not pretty.
and my main broker, mf global, is starting to worry me, with petty writedowns
Amazing! This was really short. A very quick attack. Why? Ended because of war deployment met, because war won.

Bias: long -EMA(48) and breakout 15M behavior

1 - Scout out - long
2 - 3 troops out - at first indicator of confirmed long trend
3 - 9 troops out - at even first indicator that we were in the right track
4 - Set all profit taking in LIFO mode: 9-3-1 order
5 - Every body home
Booty? 65.3 pips

Learning:
(1) Change attack sequence to a geometrical one: 1-3-9
(2) Pay close attention to 15M dance pattern.
Attached Image
Empty as water and soft as a facing wind mountain
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