Andy's Day and Position Trading Journal

Today’s Day Trading

Mini Dow 30 minutes: 9:10am – Long TTE (RH) at 10328, initial stop at 10315 – all out at 10321.

Mini Dow 60 minutes: 9:20am – Long TTE (RH) at 10329, initial stop at 10319 – all out at 10321.

Result for today: -30 ticks (-$150)


Mini Russell 10 minutes: 9:10am – Long TTE (RH) at 5726 (please note: wrong entry – the right one would have been at 5722), initial stop at 5712 – covered first lot at 5736, second at 5749.

Result for today: +33 ticks (+$330)


To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts):

July:
Euro FX: +39 ticks (+$487.50)
Mini Dow: +195 (+$975)
Mini Russell: +183 (+$1830)

August:
Euro FX: +24 ticks (+$300)
Mini Dow: +212 (+$1,060)
Mini Russell: +19 (+$190)

September (till now):
Mini Dow: -67 ticks (-$335)
Mini Russell: +11 ticks (+$110)
 
Quote from Jordan_Andy:

Hi Jacobfx,

I am personaly more used to trade the futures and I also think it's just less expensive. At the moment I have stopped tradint the Euro FX because the market is not moving much. I am just watching it to see when I can start trading it again. I am also running a live chat for day traders and it is easier to watch the Euro FX because everyone on the chat can see the same charts.
More...
Andy what, if any, charting package would you recommend someone use? Do you have any favorites?
As you know at the Forex most charts (depending on your broker) look different.

I trade the mini dow and russell mainly from 8.30am till 10.00am and in the afternoon at around 12.30 till end. It depend on how the markets are moving. Usually it slows down at 10.00am a lot.
More...
Andy the times that you posted I assume that you're talking EST? But I read that you are in Germany so please correct me and my assumption. The live chat that you run is it open to all subscribes?

The advantage in trading futures countracts is you have more markets indipendend from each other. At the beginning of the year I had the best trades in the Euro FX. But it changed at June and the YM and ER were doing great.

Forex is only currencies....that's it. And very expensive also!

Regards,

Andy
More...
Thank you for your answers and your time
 
Quote from Jordan_Andy:

At the moment I have stopped tradint the Euro FX because the market is not moving much. I am just watching it to see when I can start trading it again.
More...

Definitely rangebound and perhaps coiling.
 

Attachments

Quote from Jordan_Andy:


Initial Stop: High/Low of the previous 5 minute bar (will trail my stop on the entry)

Targets: First target are 10 ticks.

Trailing Stop: After 8 ticks I move my stop to b/e. I trail my second lot based on the 30/60 minute bars.
More...

Questions:

1- Is your initial stop the exact High/Low of the previous 5-min bar
or is it 1-tick higher/lower than the 5-min bar? And can you tell us
the reasoning behind your decision where to place your stop?

2- You state you "(will trail my stop on the entry) and then you
also say after 8 ticks you move your stop to b/e...? Are you trailing
your stop with an 8-tick increment at entry or ???

3- How do your trail your second lot with the 30/60-min bars?
And is this with the 10-min entries and/or the 30/60-min entries?

4- Have you backtested this setup and are you running it with
an automatic program aka... StrategyRunner, ect.?

5- And will you be trading any RRhooks? And if not, why not?

Sorry if I am asking too many questions... :)
 
Today’s Day Trading

Mini Dow 10 minutes: 9:10am – Short TTE (1-2-3) at 10301, initial stop at 10314 – all out at 10310.

Result for today: -18 ticks (-$90)


Mini Russell 10 minutes: 8:40am – Short TTE (1-2-3) at 5716, initial stop at 5733 – covered first lot at 5707, second at 5687. 9:40am – Short TTE (RH) at 5686, initial stop at 5695 – covered first lot at 5679 (time stop) second at b/e.

Mini Russell 60 minutes: 12:30pm – Short TTE (RH) at 5702, initial stop at 5711 – all out at 5705.

Result for today: +39 ticks (+$390)


To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts):

July:
Euro FX: +39 ticks (+$487.50)
Mini Dow: +195 (+$975)
Mini Russell: +183 (+$1830)

August:
Euro FX: +24 ticks (+$300)
Mini Dow: +212 (+$1,060)
Mini Russell: +19 (+$190)

September (till now):
Mini Dow: -85 ticks (-$425)
Mini Russell: +50 ticks (+$550)
 
Mini Dow 10 minutes: 9:10am – Short TTE (1-2-3) at 10301, initial stop at 10314 – all out at 10310.

Result for today: -18 ticks (-$90)
-------------------
You were short at 301 and out at 310. That arent -18 Ticks.
 
It's early so I could be still asleep...but I think he bases that on 2 contracts, hence the 18 ticks instead of 9?

Steve
 
Hi Guys,

you are right. All the results are based on a trading of 2 contracts. When I got out on my initial entry stop (or 5 min. initial trailing stop) I get out with both contracts at the same time. Otherwise I get my first target and I am trailing the second lot.

Andy
 
You must log in or register to reply here.
Back
Top