I was a bondtrader for more than 20 years. So, Bund,Bobl and Schatz is my natural habitat. ;-)
Since July 16 i gathered all my courage and started trading on my own. So far i enjoy making money for myself.
I like the freedom, trade whatever i want to trade and take the consequences when i was wrong and right. Mainly i want to learn. And trading opens up a tremendous universe.
I joined Big Mikes site searching for support for my adventure and i find it extremely helpful. I use TS and IB and try to program my experience from the last 20+ years. But i am just an old bondtrader and not a programmer. But i am willing to learn.
So, it will take some time till i am able to come up with some useful stuff.
I love to be a father of 3 little ones.
The following 3 users say Thank You to JK1970 for this post:
Hello all. I have dabbled in trading for a while, stocks, options, but have been inconsistent for that while. I have made no progress. Finally, I decided I need to understand what the heck I was doing wrong as I was not making any profits to write home about. I started to educate myself via books, classes and webinars and had many "ah-ha" moments. I have made a commitment to myself to get better and disciplined with my trading as I truly LOVE this profession. Its the one constant thing that occupies my mind.
Right now I trade /YM, so I am looking for any posts/threads that focus on /YM.
My approach/setup/trade plan consist of the following...
Trading Plan Description
My trading plan is built around two concepts that exploit 'High Probability Moments in Time (HPMT). The two concepts are 'Price and Volatility Compression,' coupled with 'Multiple Time Frame Analysis' (MFTA). By combining these two strategies, the probabilities are stacked in the traders favor for the best possible outcome. The strategy has a set of rules to be observed to ensure the best possible outcome at a specific moment in time. The rules are designed to maintain optimized consistency and discipline within a mechanical trend trading system that takes advantage of these HPMT's.
It is these HPMT's that make this system incredibly easy to trade by removing the guess work out of entry an exit. The strategy takes advantage of unique and very specific moments in time when prices compress and align across multiple time frames. This strategy can be applied to any market as it does not trade markets. It is a chart indicator that identifies HPMT's in any market and exploits them. The system does not care which way the market goes, direction is irrelevant. With this system, you participate, you do not anticipate. That is the difference.
Testing: During testing of this strategy against the /YM Futures contract, it produced 11 winning trades from 12. A net profit of $1050.00 was realized from those trades over 3 days. The same strategy can be applied to any market. The market is irrelevant.
---Thank you for your time, looking forward to this journey.
I was a prop shop market making/vol trader for a while, on Nikkei/JGB futures/options for 3+ years.
Never really looked into futures day trading til now, as option trades are more fitting for funds than personal accounts where you're flexible enough to pursue significantly high returns. So now I'm here looking to improve, and participate in the community.
The following user says Thank You to bob666s for this post: