lower your expectation in chop time. How do you know it's in chop? There is no follow through.
jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
Thanks, Nkhoi. Good to hear from you.
Hi,
It is not rollover week yet, but it seems that crude oil futures has been very choppy recently. Usually, I start at 8:00 AM Eastern Time, not very comfortable with the low volume and wide bid/ask spread before that. I am considering starting early like Handle123:
http://www.elitetrader.com/et/index...hological-journal.288758/page-70#post-4116613
For example, there seems to be two good long setups between 7:00 and 7:30 AM today.
Just my two cents.
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Thanks, Moonmist. It does seem there are some great moves pre session. It's too early for me to be awake and functioning properly though. Perhaps if trading was all I was doing.
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I considered sim today RN but after more thought I believe I was not rested as well as I thought I was yesterday. Today came in with more rest and focus. Often that's the difference between a good and poor session.
Only 2 trades today. CL still not offering much for my set ups. Fading ranges may have to be added but I'm not rushing in to that right now.
Good patience today and good trades.
+2 ticks
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I considered sim today RN but after more thought I believe I was not rested as well as I thought I was yesterday. Today came in with more rest and focus. Often that's the difference between a good and poor session.
Only 2 trades today. CL still not offering much for my set ups. Fading ranges may have to be added but I'm not rushing in to that right now.
Good patience today and good trades.
+2 ticks
Expecting this is not a problem
It a matter of doing the work - every single day..., and every single trade - to make it so
RN
are you using CQG feed? they bundle their ticks = less movement, here is a quote from dtn board
http://forums.dtn.com/index.cfm?page=topic&topicID=3999
no, I'm using Kinetick unfiltered data.
Finally got some volatility. Nice thing is i can remember waiting for days like this and then losing money. No fun at all.
I traded pretty well. Had a couple trades where I thought about an early exit , one of them I resigned myself to BE after being + > 10, but held both to my 25 tick target. That was nice positive reinforcement.
My entries on two trades were a little sloppy, entering later than I'd like. I'm monitoring that. Confidence issue I suppose that should resolve itself by acknowledging the issue and paying attention to correct it. I can see the proper entry and it's written up in my plan so it's more me than system.
It one point months ago I told myself if I'm up on day and have had two trades go to target then I'm allowed to increase target on next trade if conditions suggest to do so. The premise was I'm trading well and the market is potentially offering more. Now as I write this I can see it's probably not a good idea as it brings the PnL into the mix. Todays last trade had target right near LOD. Being it was a weak market I thought possibility of a break could lead to a bigger move. Target was increased but LOD break was weak and exited +15.
There's a part of my trader personality that wants the occasional big win. I guess the way to satisfy that is through scaling out in the future. For now I just need to stick with my targets and 1 car. No increasing targets. Have I said that before? Yes. I'm a terribly stubborn learner.
One of my biggest problems for years was exiting trades too soon. I'm very pleased I'm now able to hold when I should be. As I regain my trader muscles the entries will also improve.
Overall , the day was wholly indicative of where I am as a trader. Which is still missing some consistency. This should be a small step to get there. There's no reason it can't begin tomorrow. patience and focus
6 trades +56 ticks
I traded pretty well. Had a couple trades where I thought about an early exit , one of them I resigned myself to BE after being + > 10, but held both to my 25 tick target. That was nice positive reinforcement.
My entries on two trades were a little sloppy, entering later than I'd like. I'm monitoring that. Confidence issue I suppose that should resolve itself by acknowledging the issue and paying attention to correct it. I can see the proper entry and it's written up in my plan so it's more me than system.
It one point months ago I told myself if I'm up on day and have had two trades go to target then I'm allowed to increase target on next trade if conditions suggest to do so. The premise was I'm trading well and the market is potentially offering more. Now as I write this I can see it's probably not a good idea as it brings the PnL into the mix. Todays last trade had target right near LOD. Being it was a weak market I thought possibility of a break could lead to a bigger move. Target was increased but LOD break was weak and exited +15.
There's a part of my trader personality that wants the occasional big win. I guess the way to satisfy that is through scaling out in the future. For now I just need to stick with my targets and 1 car. No increasing targets. Have I said that before? Yes. I'm a terribly stubborn learner.
One of my biggest problems for years was exiting trades too soon. I'm very pleased I'm now able to hold when I should be. As I regain my trader muscles the entries will also improve.
Overall , the day was wholly indicative of where I am as a trader. Which is still missing some consistency. This should be a small step to get there. There's no reason it can't begin tomorrow. patience and focus
6 trades +56 ticks
Year over year = significant progress (can't rest on laurels - but also give credit where credit due)
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Always moving forward
The last steps - are like taking the last few stokes off in golf to get to scratch - takes work..., and more so - it takes consistency
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Rather begin now - what we do today / this evening - will absolutely affect what we do tomorrow
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Good Job J
Aside;
Makes my heart smile seeing you grow into a trader
RN