Futures trading journal - GB

Gringotts Bank · 10 October 2022

Documenting as I paper trade ES, CL, GC, etc. Add your helpful suggestions as they occur to you.

It's a simple method.

Find higher TF bias. Once established, trade on a smaller TF in line with this bias.

1. Mark out FVGs of daily, weekly and monthly, both above and below the current price.
2. Find the most recent pivot on the daily.
3. Did this daily pivot:

(make a Vic2B pattern, ie. take out high/low-side liquidity and return above/below the previous pivot, or
hit a large-ish daily/weekly/monthly FVG, and bounce off it), and
have one or more taregt FVGs within reasonable distance? Here, I'm looking for an imbalance (FVG) to magnetize the price towards it.

5. If yes, this pvot forms the bias for trades on a smaller TF. The high TF bias remains true until

the pivot in question is busted in the opposite direction, or
a new Vic2B forms in the opposite direction.
be wary of taking new trades in the direction of the bias when a major pivor or FVG is met on this higher TF.

6. The trade set up is similar, but done on a smaller TF. It buys within 'discount' zone and sells as the imbalances are rebalanced.

CL daily. Current bias is long until 98.31 or one of the other conditions occurs.

Gringotts Bank · 10 October 2022

CL trade, just recently. 1 min chart. Many of these are 1:1, which is not ideal, but I'm lookng at target placement.

The 'discount' zone is below the 50% fib retrace after a 'decent' break in market structure.

3 contracts with 3 scale out points.

Gringotts Bank · 10 October 2022

GC daily. Bias is still long.

Gringotts Bank · 10 October 2022

Same deal. GC 1 min. I don't have live data for gold, but not a problem for paper trading.

peter2 · 10 October 2022

I'm pleased that you've started your own thread. Your market structure is sound and will provide plenty of opportunities. All the best.

Gringotts Bank · 10 October 2022

peter2 said:
I'm pleased that you've started your own thread. Your market structure is sound and will provide plenty of opportunities. All the best.

Thanks Peter.

The 3rd target is a fair way off. Anyone looking at timestamps can say this trade already happened. Well, yes, but not for me. Delayed data, as mentioned. And I'm paper trading, also mentioned.

1st target was the high pivot that formed the set up. 2nd target at the second FVG. 3rd at the 3rd FVG.

In the case where there's not 3 targets within reasonably close range, I may just trade 1 contract. Not sure yet.

Captain_Chaza · 10 October 2022

Gringotts Bank said:
Documenting as I paper trade ES, CL, GC, etc. Add your helpful suggestions as they occur to you.

It's a simple method.

Find higher TF bias. Once established, trade on a smaller TF in line with this bias.

1. Mark out FVGs of daily, weekly and monthly, both above and below the current price.
2. Find the most recent pivot on the daily.
3. Did this daily pivot:

(make a Vic2B pattern, ie. take out high/low-side liquidity and return above/below the previous pivot, or

hit a large-ish daily/weekly/monthly FVG, and bounce off it), and

have one or more taregt FVGs within reasonable distance? Here, I'm looking for an imbalance (FVG) to magnetize the price towards it.

5. If yes, this pvot forms the bias for trades on a smaller TF. The high TF bias remains true until

the pivot in question is busted in the opposite direction, or

a new Vic2B forms in the opposite direction.

be wary of taking new trades in the direction of the bias when a major pivor or FVG is met on this higher TF.

6. The trade set up is similar, but done on a smaller TF. It buys within 'discount' zone and sells as the imbalances are rebalanced.

CL daily. Current bias is long until 98.31 or one of the other conditions occurs.

View attachment 147877

As in all Professional Sports
90% of any success is based on above the shoulders in real time
Paper trading albeit necessary is only worth 10% to me

Congratulations to you in starting off on your trials on
" The Greatest Sport of Them All"

I wish you all the Best

Gringotts Bank · 10 October 2022

HSI is feeling out old lows, back to 2016, and may turn bullish. Let's see if it can make a decent close > 18127

HSI daily.

Gringotts Bank · 10 October 2022

FESX has met short target (and FVG) and bounced. So I'd call this a long bias now, on the daily TF.

Gringotts Bank · 10 October 2022

1 min FESX

Gringotts Bank · 10 October 2022

A neat one. Wonder if it holds above the daily imbalance level. Could signal a green day for ES?

Gringotts Bank · 10 October 2022

Gringotts Bank said:
Thanks Peter.

The 3rd target is a fair way off. Anyone looking at timestamps can say this trade already happened. Well, yes, but not for me. Delayed data, as mentioned. And I'm paper trading, also mentioned.

1st target was the high pivot that formed the set up. 2nd target at the second FVG. 3rd at the 3rd FVG.

In the case where there's not 3 targets within reasonably close range, I may just trade 1 contract. Not sure yet.

View attachment 147890

2 contracts met targets, 3rd contract was stopped out below 1692.

Gringotts Bank · 10 October 2022

Captain_Chaza said:
As in all Professional Sports
90% of any success is based on above the shoulders in real time
Paper trading albeit necessary is only worth 10% to me

Congratulations to you in starting off on your trials on
" The Greatest Sport of Them All"

I wish you all the Best

I agree, without skin in the game, this is in no way representative of what will happen with real money. Emotions are commonly cited as a cause of failure since they can make us override our rules, but I think it goes a lot deeper than that. I won't get into any new agey stuff on here though. Maybe later!

Gringotts Bank · 10 October 2022

Next trade, CL. In real trading I'd hesitate to take this one, but I don't know why. Just intuition I guess. However it meets the rules for a long trade.

Cl 1min

Gringotts Bank · 10 October 2022

Gringotts Bank said:
Next trade, CL. In real trading I'd hesitate to take this one, but I don't know why. Just intuition I guess. However it meets the rules for a long trade.

Cl 1min

View attachment 147904

Still in it, just missed my stop. It's back at my entry. I still don't like it though and in real trading I'd get out at break-even. I might add this as a rule. If after entry the price goes against me and falls to the initial pivot (without stopping me out), I will attempt to exit at break-even.

FESX is now long daily bias. Looking for long trades on the smaller TF.

FESX daily.

Gringotts Bank · 10 October 2022

Gold has broken down through FVB on daily, so now short bias.

Short trade as shown. Only 1 target, so 1 contract.

Gringotts Bank · 11 October 2022

CL ended up hitting all 3 targets, but I think I might stick with that new rule mentioned earlier. Not sure.

And gold hit target.

Gringotts Bank · 11 October 2022

Biggest problem, as always, is implementation which involves screen time+++.

I've manually plotted out a heap of these trades on the 1 min. Looks ok. If a system is solid, it should work equally on 1/5/10/15m TFs. Could change to trade just one instrument, or follow 5 or 6 different contracts on 5 min. I don't think it would work on 1hr or higher TF.

Any suggestions welcome.

Gringotts Bank · 11 October 2022

Long TF Biases.

CL none
GC short
HSI short
FESX none
ES short
FDAX none.

Potential trade entries (using 5 min charts)

GC short from 1676
HSI short from 17087
ES short from 3618.5

Gringotts Bank · 11 October 2022

GC 1m short x1. tgt shown.

GC 5 min

Futures trading journal - GB

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