Well this has been a good test of my system when it doesn't agree with the market. This is my largest daily loss yet with these rules. It was a FED day but I've traded through them before, and survived. My rule is to exit any trades 10 min before the announcement. The increase in ATR widened my stops and a steep slope allowed for a larger stop that got hit. Hit my three loss rule and stopped trading for the day. I know draw downs are inevitable just disappointing when I start this journal with a draw down.

Been playing with Bloodhound and hoping to get some signals going soon.


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This post is for Thursday's trades. I was able to trade in the morning but then had some life issues to take care of, and haven't been able to post in my journal.

There was a total of 14 trades witch a large number of trades for my methods. I have tried to reduce the number of trades my system makes. Through the history of my trading life I have found that the days I trade the least usually lead to larger profits. So I have tried to find ways to reduce the number of trades and feel that is also helps reduce the commission fees. However days like today still seem to happen, at least it was a profitable day, and managed to turn my monthly stats into positive territory.

I am curious about other traders if they find it generally more profitable reducing the number of trades.




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A day like today is boring as far as trading, but these are the types of days that give be faith in my methods. I have to believe that my method will produce profits. The last few weeks have been a test for the method I use. Very small profits and slow grind into a negative cumulative profit. It really takes a toll on my mental ability to keep taking trades when I loose faith. Currently most of my trades are in hindsight which I know will be different in live trading. But this is why I am working hard to make my method with rigid rules that leave very little to my discretion, and something that I can hopefully program with bloodhound.


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One trade premarket. I hate the idea of holding a trade thru the open, but have decided that they can be profitable. Only two other trades for the rest of the day, but both being profitable and making this month look so much better.


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Today June 16 I had data issues so no real trades were able to happen. Not sure how I would handle this in a real live trading situation. Being in Canada I don't have a huge selection of brokers to use. I use IB with NT8 but IB's tic data sucks and doesn't allow for me to back fill. I should find another way to get tic data for situations like this. I used to use AMP futures but NT8 no longer works with them. I should do some research into this.

Bottom line is no trades today


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Been having difficulty finding the time to trade the past few days. Have to record some days of no trading. They are not "No Trade" days, just days I wasn't able start the system up and record the data. The early morning trade I marked I have not recorded in the spreadsheet, just sometimes I like to review how the market treats my system in the over night hours. My system can really get beat up on some days and this is one of them. A total of 8 trades and a loss of just over 8 points. I have to stick to the rules and take the trades, no matter what my gut feeling tells me.