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NerradC Journal Challenge - July 2017


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NerradC Journal Challenge - July 2017

  #1 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87

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 a pdf print out of my excel spreadsheet which contain basic entry and exit information. i also upload pdf print out from OneNote which contain my decision making for each and every signal. I will upload latest copy every now and then after i exit from a position.

I consider myself discretionary in systematic way. I have been using a market profile indicator and trade swing time frame ( combined analysis on 1H and 4H) for more than 2 years now. I use tradestation and trade Live on someone's account, you may consider this someone my very rich uncle.

my past performance is no indication of future performance. I am still in early stage of a trader who is eager to forward run my strategy and fine tune for an edge. (yes i am still struggling, despite some good trades from Wheat lately)


Thank you for visting my post. If you have any question feel free to contact me. I hope to learn a lot from other traders who sharing their journal & relevant experience here. So please, any comment will be appreciated.

Cheers
DarrenC

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  #3 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87


In case anyone interested to find out what indicator i am using, it is called Tas Market Profile ( indicator suites). I dont post the link as i m not affiliated and i am not promoting the services/products.

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  #4 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87

basically i am doing breakouts from small TF market profile most of the time and occasionally i will add on within the market strucutre with POC in favour. i intend to follow the trend within 4H context. I do not have a fixed profit taking target, generally i let my position "die" naturally with trailing stops, either tight or loose depends on the volatility.

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  #5 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87

The 3 lines namely HVA/POC/LVA is a dynamic market profile and for easy reference we call it a box ( even not just 3 lines). When 2 of those lines come closer to one another, we call that a plywood layout/setup, which represent stronger/more significant price level as a support/resistance.

the MACD looking indicator below, it is called Navigator, i pretty much use it as an momentum indicator which at times it give me information/indication that if the existing is exhausted or whether or not there is follow-through price action for swing trades.

the horizonal histogram is also market profile in broader term. it is not plotted by day/session, but a fixed number of bar starting from the most current bar. the yellow color horizontal line ( usually longest among vol congestion) we called it MPOC, master point of control. that also represent good support/resistance in general.

there you go, some information as reference when you go through my trading journal.

thank you for visiting my thread. Good Luck hunting the ticks...


cheers
DarrenC

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  #6 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87

All journals of individual markets ( with signal/trades, any decision making) is compressed in 7z folder as attachment.

i will illustrate a bit after the next position closed. likely ZB 30years tonight during NFP.

i do not trade news, the only trade mgmt for news/data announcement is either be extra patience for entry and go slightly loose than normal for stop mgmt to avoid volatility.

Happy trading on NFP friday.

cheers
DarrenC

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  #7 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87









Please cast your Vote for me and my journal, many thanks!!


cheers
DarrenC

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  #8 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87

Sorry i have been jumping around...

the Score you see from the journal, it represents a simple % telling me the strength of my signal. nothing fancy. i basically rank a number of technical identifiers that help to determine my Entry & Risk, then i assigned a weighted point to each and add up to the final score. this helps me to filter my own signal in a way, by referencing all the score from my trades in the past, i come to a "passing mark" which is between 69%-70%.

so pretty much i will tabulate the score every time before i make a trade, as a habit and as my gate keeper, to double check all the criteria. and i will proceed to push the buy/sell button for those with at least passing mark.

is this making sense? or i am falling into the trap of curve fitting?

comments are welcomed...

Please cast your Vote for me and my journal, many thanks!!



cheers
DarrenC

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  #9 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87



This is the snapshot for whole July as at this moment. Currentholding on 2 contracts SHORT USU17 (this is Tradestation Ticker for ZB 30years ) and 1 contract LONG Natgas ( NGQ17). i will upload the most current PDF after day end everyday.

I have been keeping records my MFE & MAE. i would like to find out if any meaningful relationship between my usual scale out/exit vs my MFE; and also between my initial risk/stop vs MAE This is where i want to improve this year.


Please cast your Vote for me and my journal, many thanks!!


cheers
DarrenC

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  #10 (permalink)
NerradC
Perth AUSTRALIA
 
Posts: 253 since Jun 2017
Thanks Given: 79
Thanks Received: 87





Barely survive last year. Need to buck up this year but first half of the year was quite challenging as i tried to increase my trading size with a traget to double my risk. hit max drawdown of 10% and i almost collapsed. i managed to speak to a head in a prop shop and he gave me some assurance and encouragement and that keep me going.

and thats why i m here to share and hope to talk with someone with similar experience.

If you find this interesting, please cast your Vote for me and my journal, many thanks!!


Cheers
DarrenC

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