Frosty's e-mini journal

Quote from frostengine:

Here is a screenshot of my new method. I just coded a quick paintbar in medved quote tracker to display my entries. These are only the entries, not the exits or stops. The red bars is where I would go short, green where I would go long on todays data. The bar where you see the signal, you would go long IMEDIATELY, so your actual entry price woudl be close to the open of the following bar. I generally dont post screenshots, but I figure I might get better freedback by showing my actual entries on the chart.

All comments apreciated.
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I see you use candle chart with MAs, check out Bo Yoder book, I recomm go straight to Chapter 9 then follow his daily trading thoughs http://www.amazon.com/gp/reader/0071420347/ref=sib_dp_pt/103-2387168-4158211#reader-link
 
Thanks for the suggestion

Yes I do use MA's with candlecharts, however the entry signals shown on those 2 example charts are not generated from MA's. I have the other indicators used in creating those entries hidden to conserve space on the chart. I think I will check that book out though, thanks.
 
Frost, daytrading futures is the one of the hardest things to do consistently. There is no holy grail, to much noise intraday for price to always do the same thing. I suggest trying to get a few methods that you like and use them together. When several indicators or whatever you are using line up with eachother then you can rank and adjust trade size to keep a consistent smooth equity curve. Keep it simple, and remember synergy.

I also see that you describe yourself as a discretionary trader. I take that as trading from the hip. Try to approach the market as a systematic trader, not trading on feeling. Always have a plan of what you are going to do before the market opens. Plan the trade, trade the plan and you have a lot better chance of becoming part of the 1% of succesful daytraders.
 
Quote from apex82:

Frost, daytrading futures is the one of the hardest things to do consistently. There is no holy grail, to much noise intraday for price to always do the same thing. I suggest trying to get a few methods that you like and use them together. When several indicators or whatever you are using line up with eachother then you can rank and adjust trade size to keep a consistent smooth equity curve. Keep it simple, and remember synergy.

I also see that you describe yourself as a discretionary trader. I take that as trading from the hip. Try to approach the market as a systematic trader, not trading on feeling. Always have a plan of what you are going to do before the market opens. Plan the trade, trade the plan and you have a lot better chance of becoming part of the 1% of succesful daytraders.
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Not only that but if you want opinions but hide your indicators it does no good. Now call me stupid but I don't believe that telling people your method diminishes it at all. I tell everything I am doing to anybody who cares. It doesn't matter and most who says it does and want to hide stuff don't have a plan.

Now looking at that chart you posted I saw nothing consistant with it. Everytime I thought I figured something out I would look at the next signal and nothing.

JMHO,
4re
 
Quote from JimmyJam:

... and all the above were true for Frost.

1. He most definitely was trading like a drunk driver, overtrading and not taking "any" signal ... and then coming back the next day and doing it again.

2. Consistently closing out of winning signals, letting losers run, being undercapitalized, putting on positions and then walk away from the screen without having a protective stop in place, not having any consistency whatsoever in taking signals, consistently starting out the day in the black and ending it in the red, no discipline, etc., etc., etc., ... well, yeah, I've never seen anyone on this forum actually publish that they were doing these things, so this behavior IS the worst I've ever seen on ET!

3. Thinking you can make it in a year under pressure ???? - OKAY, yeah, that's a great idea!

... as far as floortrader was concerned, in his first thread I told him in detail how his greed got the best of him and that is why he took the sucker bet from Market Monk, now that he has learned how to sclap pretty well, HE COMES ON ET AND STARTS TALKING ABOUT A LEGAL WAY TO GET INSIDE INFORMATION ...:( - especially with what has been in the papers for the past oh, at least 5 years, that's a fools game if ever there was one. SEEMS LIKE I WAS DEAD ON WITH THAT ONE TOO!

I ain't brining'em down buddy, I'm pointing out the truth to'em, if they don't wanna see it fine, if they wanna do something constructive about it and fix it, that's fine too. Either way, you can use these forums as a learning ground to learn how to make money (intense processing of information under scrutiny will enhance the process by light years) or you can use them for "oh, I'm right behind you :D :D ", or "oh, here's one joke, and another, and another blah blah blah" etc.

If they got a problem with it they can let me know, actually it seems to be having some positive effect on Frost ..., but since it doesn't concern you, you don't need to worry about it. You just need to worry about your next joke, lameass!

Later for you chump,

Jimmy Jam

P.S. Ultimately, it doesn't matter, as I've already told ET I was done with the one-way-street of information flow on this thread anyway (just posted in response to you V77, my friend).
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Okay, JJ...

1- You don't know if he was or wasn't using signals to enter the market.
You don't know anything. That is why you are jumping from journal
to journal trying to figure out how to trade. And to top it off, you
are running around giving advice that you don't even know is
correct since you are a losing trader.

2- You did it again. You just told him his behavior is the worst you
have ever seen on ET. I hope you don't have any kids, because if
you do, they are suffering, buddy. Have you ever heard of positive
criticism? Guess not...

3- So Frost is under pressure because he is going to get married
in a year? Haven't you ever been married before? Guess not. It shows...

4- You crapped all over floortradr because he spent some money
trying to learn something from someone. Jeez, I wonder who did
the same thing with TIMES? Maybe YOU? Do you also feel like a
dumbass because YOU wasted 5K? I bet you do... Maybe that is
why you ventilated on floortradr. Kick em' while they are down!

As far as telling jokes, it is obviously beyond your anal mind to do so.

Oh, that's right. You are still trying to learn how to stop the bleeding... LOL...
Can't make jokes when everything is so so so serious, right?

Yes, your postings have really helped Frost. He lost again today.
Maybe it is your fault, since you have helped tear down his self-esteem?

My advice: Give it up, because your psychological profile is that of
a losing trader. You don't have a chance. Good thing, you still have
that data ANALyst job, huh?

P.S. I thought you said you weren't' coming back to this thread
because you weren't getting anything back from your fantastic postings?
Wow. You give so you shall receive? How selfish of you.

I guess you don't have good discipline... LOL...

Frost, sorry about the pissing contest, but when I see someone
like JJ going around ET crapping on other traders I feel like I have
to let them know they are being arseholes.

This one apparently doesn't care. He is in the "I have to be right"
category, which will unfortunately cross over into his trading.

Too bad...:D
 
4re,

I didnt "completly" hide the indicators to hide the system. I hide them to save space, So many indicators are going into those signals that it would make the chart kind of hard to read. I guess you are right though, I really should have displayed at least some signals for reference point. I will repost the charts tomororw with signals. I was mostly trying to see if anyone noticed anything obviously wrong with the entries.... Or if the entries looked tradeable at all. I will try to repost later with some common indicators and some of the bigger ones used in those signals to get some better feedback.
 
I think looking at these entries that if I had as many quality entries as those 2 charts everyday I could make money using a tight stop..... I would probalbly blow it by cutting the winners too soon... I "THINK" these entries would be tradeable if the quality stayed as good as those. Maybe when I post the charts with some indicators someone may notice something that could be used as a filter to stop the few bad trades and as potential exit targets...

Thanks again for the help everyone. Will post back later with better charts...
 
Quote from frostengine:

4re,

I didnt "completly" hide the indicators to hide the system. I hide them to save space, So many indicators are going into those signals that it would make the chart kind of hard to read. I guess you are right though, I really should have displayed at least some signals for reference point. I will repost the charts tomororw with signals. I was mostly trying to see if anyone noticed anything obviously wrong with the entries.... Or if the entries looked tradeable at all. I will try to repost later with some common indicators and some of the bigger ones used in those signals to get some better feedback.
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Fair enough, I would like to ask if you are using a lot of indicators? I have tried most of them at one time or another and this is what I have found. Most traders will eventually come full circle if they last long enough in this field.
1. You buy books on technical analysis
2. You hear all about the newest and greatest indicator so you use that for a while (mostly getting nothing from it)
3. You have tried every variety of indicator and still losing money
4. If you make it this far you figure out that everything you need is on the chart itself.

Now don't get me wrong I do use a couple of indicators but they do not guide my trading. I just use them as helpers. I use a 20 and 60 day EMA and Bollinger Bands. The moving averages guide me in the trend and the Bollinger Bands show me the volitility. My trading is done by chart patterns and that is it. I have a couple of methods on my journal that I have used for years please feel free to check it out.

The guys on the ES journal are very good with their indicators but they have a proven system and they stick to it. They also help each other out along the way.

You seem like a nice guy and I hope that you make it but do yourself a favor and take the help that is on this website. There are a few that enjoy helping others and ask nothing in return.

4re
 
P.S. I also detail in my journal one method using Bollinger bands that anybody can use and that is the only indicator you need.

I have tested it and once you get used to it you can do it very easily.

4re
 
Quote from version77:

Okay, JJ...

Blah, blah blah, blah blah, blah...:D
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Well v77,

1. Frost stated that he kept second guessing his signals - so yeah, I do know that he wasn't using them.

2. Yeah, I guess you're right on that one. Next time the kid puts his hand on the stove, just let'em do it.

3. Hahahahahha, there you go with the jokes again.

4. Sigh, we've already dealt with the floortrader issue. As far as TI is concerned I got a lot from their basic system, I just don't like the Franz Shoar story, but I've stated that one ad infinitum as well.

Frost lost again today because that's what he does, lose money.

After 4 correct calls made in public over the last 4 days as well as working with traders who actually do make money for the last couple of months now, wow, you're right, I'm bleed'in bad here :D .

As I said before, Frost likes the one-sided exchange ("Oh, please, show me your hand, but I won't show you mine"), that sounds kinda selfish to me.

.. and like I said, I'm here to bitch slap you, not give Frost anymore pointers that he won't take anyway.

Later,

Jimmy Jam

P.S. Nah, the data analyst gig is over, I work at night now making a lot more money :) .
 
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