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Still not far off a 10% return on a $200K account. A lot of professional funds would be very pleased with a % return like that.
Also nice job on the wheat trades from post 9. Profits of ten and fifteen times risk if I have read your spreadsheet correctly.
Hi Matthew28
thank you for coming in. Yeah you are right, the grains recent run was kinda epic. I have 3 contracts on Wheat during the latest move. I scaled out 1/3 at ard 1k profit and manage to stay in the game and then finally exited the other 2 with very decent profit. As much as i know i will be quite beneficial in this kinda run, i cant be very certain how often this kinda run will occur. I am still new to this after all.
last year i caught similar good runs from Soybean (3k per contract) and Coffee (almost 6k per contract). and those after the anchor deals that supporting my profitability. Got to be more patient before the next one come while been working and crunching old stats and old records to improve my risk management, hopefully i can bleed lesser during non trendy period (within the h4 context) and make some good kills when trend is back.
upload the latest journal, particularly on Natgas and ZB, both exited. 7z file consist all decision making, whether or not trade taken all based on my check list/scoreboard filter.
i also attached individually the spreadsheet and individual pdf for Natgas and 30years.
Room for improvement will be again, how much i can take from MFE and how much i should risk. end of the month i probably will not hv enuough trade for good size sampling. i will keep it up and i think a good 2 years trades on swing timeframe with proper journal will shade some light and hopefully see a bigger picture.
currently have no position. sitting on my hand and waiting for the next setup.
To hunt or to be hunted... make the best out of all your strength
cheers
DarrenC
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
Every start of week i will be drawing MPOCs of prior week, prior session, last 50bars in h1 and last 50bars in h4. with those reference, together with my indicator ( 3lines as a box, above is bullish, below is bearish) i will try to foreshadow some game play.
Today i see ES flickering around major level 2422 area, a firm close below from h4 (4hr chart) will give me confirmation to short, then i will look for entry from h1 (1hr chart). Looking at it now likely a market order no further(lower) than 2421 once h4 close, or a pull back sell limit ard 2422 area also. Stop above prior session high+1point.
other than that, although i exited my 30years bond Short positions, i am still looking for short if 152 8/32 show good resistance in h4 context.
Markets that i trade:
WTI Crude
Corn
Euro Currency
Emini S&P
Gold
Copper
Coffee
Natgas Nasdaq
Sugar
Soybean
US 30years
Wheat
some of those are correlated in a way and thats why i have them all together for diversification and also FOMO (Fear Of Missing Out a big trend).
Despite quite a list to trade, i have been taking care the risk:
approx 1% max per trade per market, if initial stop is lesser than intended risk, i will either upsize or add on along the way, which lead to the following point,
approx 2% max aggregate per market at all time, inclusive all add-on
*approx because some contract naturally require bigger risk overall, i.e. Coffee, 30years or even crude or gold some times
15% Maximum from Everything at all time ( so i can not have all 13 markets loaded with full 2% risk to avoid blackswan kinda event)
(Sorry i only mentioned untill now, it was actually in the pdf but i thought maybe not everyone download the whole 7z)
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
Hi all
Tonight main focus on existing positions,
1. Short ES, 2. Long Coffee
Both i m looking for add on opportunity should the market continue to develop in a way i expect:
on top of that i am watching closely Crude and 30years for potential new entry
3. Short Crude near 44.20 area if that area show good resistance later today on 1h chart
4. 30years both direction is possible depend on market development, basically it has been consolidating so either it continue to go down, or there will be some sort of rebounce. i dont epxect it to stay sideways forever, so mayb this week maybe nx week. who knows, i can not predict, i can only react to what is happening base on my game plan
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
Hi all
Sorry running a bit late today. went to see my physio for a suspected tennis elbow but i think i m fine it is just some old injury that inflicted by holding mouse for too long in front of my screen.
Summary from yesterday,
- exited coffee at loss (and i didnt find a good place to add on so save a penny from extra loser)
- still holding ES but looking at the chart now i have no fat hope this will turn back south. I didnt take advantage over the 10mins dip as thats not my usual style, unless the dip is so much that i have more than $800 per ES contract running p/l
then only i will consider going down to shorter timeframe and look for scale out
- enter long soybean, wanted to add on but the price action not supportive so i will wait for more information untill tonight re-open in US hour
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
Today i am looking at a potential add on from my existing soybean trade, and getting into a new position on Gold.
Soybean
Gold
Gold to me is at some kinda inflection point, either it continue running up, or it will hit h4 mpoc of last 50bars and fall back bear camp. watching out more information when vol start coming in
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
I uploaded …
Thank you and Happy Trading.
have fun trading. it is boring yet exciting thats why it is one of the hardest game.
Didnt expect Natgas to drop and didnt expect i will jump over to NGU17 so soon. Usually i look at both average vol 5&20days as well as Open Interest before i roll over. but i do keep an eye once Open interest coming close to each other and this NGU17 has been a very decent looking setup so i have my trade done in NGU17 instead of NGQ17:
so this will be something i am interested to add on later if given opportunity. either a slow pull back or a sharp full back followed by some small consolidation below my h1 value area around 2995. Initla Stop above technical prior session high. pretty no brain but it serve me well as a initial stop, i will manage the stop from time to time and i only manage one way - to reduce, i never adjust to increase my initial risk for whatever reason ( look at my Sugar position early this month, market almost hit my stop for 3 times on hourly chart, just 1 tick my positions will be stopped, but after market move away, i didnt adjust lower my stop at all, not even a tick). never ever do that, it is a vicous cycle i believe.
If you find this interesting, please cast your Vote for me and my journal, by giving a hearty thanks to the post below:
Good day fellow traders
I am new here, just found out this great place on internet. And so happen there is this contest so i decided to kick start my posts here.
My journal consist of an excel file and a journal on OneNote ( Microsoft).
