The Evolution of an E-mini Trader

inandlong
Knowing what a statistical wizard you are Huios, I suspect that you are tabulating your results to determine the mean and mode of your profits AND profit opportunities, thereby giving you objective data from which to draw upon when you place your stops.

Recognizing of course your extensive higher education, I presume that you are analyzing the time of day that your trades execute, which trades subsequently are profitable, and trade duration, thus deriving correlations among time of day, trade duration, and trade profitability. Conversely, I am sure that you are analyzing the same correlations for your losses.

Undoubtedly a student of trading with as much dedication as you has already placed the entry prices, max in the money, max out of the money, exit prices, time of day, and trade duration on a spreadsheet allowing you to query various combinations of execution and profitability.

Wow, you have been busy H!

:cool:
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HEY, WHO ARE YOU AND WHAT DID YOU DO TO MY FRIEND LONG.

I know you are not him, because he has NEVER talked to me like that. COME OUT OF HIM, I SAY, COME OUT!!!!!! And go into the ABYSS where you belong.

Hey Long, are you ok, are you back??? I'm worried about you, man.

:(
 
Actually, I have been tabulating the Max. Adverse Excursion for the last week, and am averaging about 2.5 to 3 points per trade that she goes against me. If I drop the 2 high and the 2 lows, I get on average about .5 of a point less. The two highs are usually 8-10 points, and the lows are usally 0's being the trade went in my direction right from the get go.

So I am thinking of just trailing a stop of 1.5 ATR's based on the 20 period average from the close of the bar. The 20 period ATR has been averaging around 2 points, plus or minus, so that means my trailing stop is around 3 pts, and this should prevent the premature stop out in the beginning of the trade, and I can tighten it when a certain amount of profit is reached, ie, if 2*ATR profit is realized, I can move the stop to the high of the bar. If I get a parabolic move in my direction, the close is near the high/low of the bar anyway. With the larget stop, my w/l ratio is much improved, and the # of trades is less. This is similar to LeBeau's chandelier exit.

Then the ATR then becomes my new R value.

My other exit, I dubb the H exit, H for HUGE bar with HUGE volume has been working out great these last few days. Good example is T3 today. Others are T1 and T17 yesterday.

All this sounds good on paper, harder to incorporate it into trading, especially the chandelier exit.

Gonna try papertrading an exit I've been using but on a different time frame (5min) and see how it works.

btw, what happened to "Worthless Member"? Now it's "Member Extraordinaire" (although self appointed). Quite a change in the last 24 hrs.

:D
 
nitro
You are beginning to sound like a trading machine...I will continue to check up on you...
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A trading machine, naaaaa, just trying to figure out the game, which I'm learning is about figuring out me.

Thanks for caring, my wife needs someone else to check up on me. I am wearing her out!!!

Remember, when I get to the Chicago area, I still owe you!!!

:)
 
Way to go today you ES Stud!

Worthless was stripped from me like old paint and I was returned to juvenile member. But only for 1 post because I had 29 already. And today in celebration of my new status as Member, I busted out. Broke. BK. Nada!

Oh well easy come easy go. At least you're doing well, which is all that really matters to me.

From now on, call me... Agape Member!

Actually I had a nice day, praise the Lord and so did you my friend. I love that term, Max Excursion. Although somehow it reminds me of a colonoscopy.

Excellent job H on your analysis... you are becoming trader extraordinaire and leaving the rest of us in the dust. Pretty soon you'll be trading the big contract and making 10 points a day.

Way to go man. :cool:

PS: that geek that wrote all that stuff yesterday, never did it himself. It sure sounds good though. Personally I just shake the dice and let 'em fly.
 
Originally posted by Huios
Made my 10 pts (actually 12) by 11:06 and was done for the day.

7 trades, 6 winners, 1 loser for +12 pts.

Now, this is how I want to trade, everyday.
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Huios...nice ratio or percentage of winners to losers. You seem to be more comfortable with the 3min chart.

I like the 3min chart interval a lot too...mainly because Japanese Candlestick reversal signals has more follow thru via the 3min chart than time intervals less than that.

Also, I got your email...good stuff. Thanks.

Talk to you later in the Emini room.

NihabaAshi
 
Couldn't get a feel on the trend in the morning. Did some other stuff today, and came back after 2:30 and said to myself, obvious trend up. Feel ok about not trading the whole day. Got alot of other stuff accomplished, including laughing with another trader for about 2 hours of the phone.

3 trades, 1 winner, 2 losers for -1.25 points
 

Attachments

Tried to change my e-mail address with IB today. To do that, you need to remember your security phrase. Couldn't remember it, so I went to the online chat. They gave me my security question to help me remember my phrase, but that didn't help either. Ended up calling them and got thru right away to a live person. Explained my situation, and even though I was very persistent, with a smile on my face, and we joked around alot, he would not give me the phrase. He said he would help me any way he could. I asked him if it was over 3 words, and he said yes. I asked him who would use a security phrase that had more than 2 words in it. He said somehting like the fool who opened this account. We both laughed. Anyway, after realizing we were at an impass, me being idiotic enough, even with the security question to help, not to know the phrase, and him sticking to his guns of not giving out things he should not give out, I realized I had to open another account, all because I wanted to change my e-mail address. That's one of the things I did late morning.

:)
 
Huios that rhythm thing is important to me too. That's why I had to move from the home office to an office office. I love having the kids in there with me to smooch, but it blows my timing.

I suppose the goal is to trade as mechanically as possible so 'my timing' becomes irrelevant. Such is not the case quite yet.

Thanks for the kind thoughts today H.

Knock 'em dead tomorrow!
 
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