One Good Trade

[ThingyMajiggy]

Nearly hit my daily stop trying to trade our rubbish tonight, so I go back on sim and make over $3K stacking the book in the dax with basically no drawdown. Go figure, definitely seem to get on better with fast markets. What I do differently on sim vs live I have no idea, nail everything on sim, not even doing unrealistic size or anything like that, perfectly realistic trading, yet can't get a tick when I'm live. Talk about

 

[CanOz]

Nearly hit my daily stop trying to trade our rubbish tonight, so I go back on sim and make over $3K stacking the book in the dax with basically no drawdown. Go figure, definitely seem to get on better with fast markets. What I do differently on sim vs live I have no idea, nail everything on sim, not even doing unrealistic size or anything like that, perfectly realistic trading, yet can't get a tick when I'm live. Talk about

I did the same thing with the HSI today, racked up over 6000 HKD in less than an hour, switched to IB SIM and lost 5000HKD. Then on the DAX i was up a couple of hundred on IB SIM and then bloody NT freezes up on my while in a trade and i get taken to the f**-*in cleaners while i restart.....WTF????

 

[ThingyMajiggy]

I did the same thing with the HSI today, racked up over 6000 HKD in less than an hour, switched to IB SIM and lost 5000HKD. Then on the DAX i was up a couple of hundred on IB SIM and then bloody NT freezes up on my while in a trade and i get taken to the f**-*in cleaners while i restart.....WTF????

It's ridiculous, uncanny how it works out, can literally nail it when I'm on sim, yet all I see is red when I'm live. If only I could figure out the missing link that seems to be there when I'm on sim, but not when I'm live. Fear maybe? Don't think about things too much, just be in the market all the time? Who knows.

 

[Trembling Hand]

It's ridiculous, uncanny how it works out, can literally nail it when I'm on sim, yet all I see is red when I'm live. If only I could figure out the missing link that seems to be there when I'm on sim, but not when I'm live. Fear maybe? Don't think about things too much, just be in the market all the time? Who knows.

Only take the trades that you don't want to enter.

 

[Joules MM1]

It's ridiculous, uncanny how it works out, can literally nail it when I'm on sim, yet all I see is red when I'm live. If only I could figure out the missing link that seems to be there when I'm on sim, but not when I'm live. Fear maybe? Don't think about things too much, just be in the market all the time? Who knows.

one thing to try is to move your time horizon out when youre in sim mode and as soon as your set-up shows or how you profile a trade then go into the live trade, reduce size further and dont look at the money side until the end of the day or you quit the session....... just get more pos trades.....good luck, Sam

 

[ThingyMajiggy]

Yeah thanks guys.

I'm trying to get some sim access for honkers to see how I get on, definitely seem to get on better with the faster markets, I can watch it now but still waiting for actual trading access, looks like fun! fade central? Makes a new low by 4 ticks then immediately rallies about 65 ticks lol.

All I can think about while I'm watching it is TH saying "it moves in a chaotic fashion". Not wrong!

 

[CanOz]

Honkers....Choppy enough for y'all this morning?

I've got to stay off the HSI until i can find the discipline to only take trades away from the value area.

Its just noise...

CanOz

 

[ThingyMajiggy]

Honkers....Choppy enough for y'all this morning?

I've got to stay off the HSI until i can find the discipline to only take trades away from the value area.

Its just noise...

CanOz

Do you read the flow much with honkers? Like that 100 lot before at 862, had a tiny pop when it got taken out but doesn't seem like anything tradeable from it, seems to be lots of 14-15 lots popping up all the time. Probably more bang for buck in fading?

 

[CanOz]

Do you read the flow much with honkers? Like that 100 lot before at 862, had a tiny pop when it got taken out but doesn't seem like anything tradeable from it, seems to be lots of 14-15 lots popping up all the time. Probably more bang for buck in fading?

Yeah its all over the place. That's why i use a volume ladder with it and the DAX, its easier to see the absorption.

I think TH keeps one in his mind...

The only thing i've had any measure of success with is fading on the HSI...

Its one crazy market. On a plus, its good training for the DAX.

CanOz

 

[Trembling Hand]

Yeah its all over the place. That's why i use a volume ladder with it and the DAX, its easier to see the absorption.

It is different to the other Asian markets because its still opened for two hours once the DAX opens. That gives it many different stages during the day. From Open into Asia lunch, Asia close and then Euro open. Mostly it will put in a quick high and low range within the first bit of chaos. Then its just going to flop around till the DAX games begin.

Can what the hell is that chart?

 

[bullet21]

Yeah its all over the place. That's why i use a volume ladder with it and the DAX, its easier to see the absorption.

I think TH keeps one in his mind...

The only thing i've had any measure of success with is fading on the HSI...

Its one crazy market. On a plus, its good training for the DAX.

CanOz

Hey guys, im just about to open an IB account and start sim trading. Are you using Level II data for the DOM or does it come with the level I as well. Also how does Ninjatrader do for order entry?

 

[CanOz]

It is different to the other Asian markets because its still opened for two hours once the DAX opens. That gives it many different stages during the day. From Open into Asia lunch, Asia close and then Euro open. Mostly it will put in a quick high and low range within the first bit of chaos. Then its just going to flop around till the DAX games begin.

Can what the hell is that chart?

Good point...unless there is any big news of course. So you're pretty much banking on a range day (up until the DAX open) absent of much volatility unless there is news?

The DAX open is normally pretty boring as well, until London opens. Some of the first hours H/L's are trade-able as well, worth noting anyway.

CanOz

 

[CanOz]

I got the first fade of the low, then got stopped out and missed the second and most successful...that's the one TH probably waited for .

 

[Trembling Hand]

I got the first fade of the low, then got stopped out and missed the second and most successful...that's the one TH probably waited for .

hardly. This is what my trading feels like today........

 

[Joules MM1]

hardly. This is what my trading feels like today........


View attachment 48155

oh yeah......3 parts today: balls, blender, high speed .......

 

[CanOz]

oh yeah......3 parts today: balls, blender, high speed .......

hmmm, choppy yeah?

If I trade between those two goal posts on my blog I'm going to do a keyboard smash with my head!!!

 

[Sir Osisofliver]

Hi CanOz,

I'll start by saying I'm not a Futs trader. But I think that this is a really good habit to get into for any trader, especially one where the method is highly discretionary. Generally we're so busy doing the activity, we never get time to think about it, and review is a very important process. It's the same principle as a professional athlete recording an activity and watching to see where an improvement can occur.

What I do when I test a new methodology is have two in-trays. Good and Bad, Profit and Loss, call them whatever you want. Every X number of trades (I usually use 50) I spend an hour so reviewing what happened. By doing so I can see patterns in my own behaviour (or the system). This may help you to determine why you are exiting or entering too soon and adjust your behaviour.

Good Luck and Cheers

Sir O

 

[CanOz]

Hi CanOz,

I'll start by saying I'm not a Futs trader. But I think that this is a really good habit to get into for any trader, especially one where the method is highly discretionary. Generally we're so busy doing the activity, we never get time to think about it, and review is a very important process. It's the same principle as a professional athlete recording an activity and watching to see where an improvement can occur.

What I do when I test a new methodology is have two in-trays. Good and Bad, Profit and Loss, call them whatever you want. Every X number of trades (I usually use 50) I spend an hour so reviewing what happened. By doing so I can see patterns in my own behaviour (or the system). This may help you to determine why you are exiting or entering too soon and adjust your behaviour.

Good Luck and Cheers

Sir O

Thanks Sir O, great advice, and i review what works and what doesn't at the end of each session. If I'm on the fence with something i test it some more...long process!!

Cheers,


CanOz

 

[CanOz]

Well the verdict is in, its been an unprofitable week, again. Although tempted to throw in the towel completely, I'll continue to trade on SIM until the end of August. By that time i will probably be back in the workforce anyway. Maybe after another couple of years I'll give it a try again intra-day.

For now its back to work, while continuing with the system trading.

Cheers,


CanOz