NexusFi: Find Your Edge


Home Menu

 





Time Bandits. A Simple Trading Plan for the E mini Dow YM


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one BroncoSlade with 24 posts (30 thanks)
    2. looks_two Big Mike with 6 posts (2 thanks)
    3. looks_3 kbit with 3 posts (1 thanks)
    4. looks_4 Lmess with 3 posts (0 thanks)
      Best Posters
    1. looks_one BroncoSlade with 1.3 thanks per post
    2. looks_two supermht with 1 thanks per post
    3. looks_3 Big Mike with 0.3 thanks per post
    4. looks_4 kbit with 0.3 thanks per post
    1. trending_up 22,671 views
    2. thumb_up 34 thanks given
    3. group 16 followers
    1. forum 38 posts
    2. attach_file 22 attachments




 
Search this Thread

Time Bandits. A Simple Trading Plan for the E mini Dow YM

  #21 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40

1st Photo: 10:20 on the 512 bars for the YM gave a strong Bullish Hammer in the 2nd Time Zone (10:00-10:30).
The high of that Hammer was 12229. Buy order @ 12235 just a few tick over the high.
2nd Photo: Confirmed Buy signal with the ES and Place Buy order @ 1301 2 ticks higher than ES's Hammer.
3rd Photo: NQ - Place Buy order @ 2307 4 tick over the Hammer signal.
4th Photo: TF Place Buy order @ 810 8 ticks higher than the 10:21 512 bar. The TF did not create a Buy signal at 10:21 so I used the strong signals from the YM, ES, and NQ to enter long.
Filled Long by 10:25 on all four. Just got in under the Price for the TF.

Did anyone else trade this signal?
If so why? Did you use any other indicator/s besides Price at 10:21 with a Bullish Hammer?

I'll post up a video recapping Friday trading later this weekend.

Have a Great weekend!

BroncoSlade

Total:
YM 45 ticks
ES 16 ticks
NQ 44 ticks
TF 60 ticks

Attached Thumbnails
Click image for larger version

Name:	YMM1 06032011 1020.jpg
Views:	371
Size:	1.01 MB
ID:	40189   Click image for larger version

Name:	ESM1 06032011 1021.jpg
Views:	337
Size:	912.8 KB
ID:	40190   Click image for larger version

Name:	NQ06032011 1020.jpg
Views:	277
Size:	835.9 KB
ID:	40191   Click image for larger version

Name:	TFM1 06032011 1020.jpg
Views:	312
Size:	982.0 KB
ID:	40192  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #22 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I can see a trade on MY charts for the ym,nq and tf but nothing on es. Of the four you have in my view only the tf would be a trade, it was a pinbar off of s2. I did none of these. Mainly on the others I didn't like the location, tf was arguable. Aside from all that why did you trade all four, why not load up on one...that's a lot to manage/watch at the same time. I would also add that I personally never trade any index off a signal from another, doesn't work for me.

Reply With Quote
  #23 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40



kbit View Post
I can see a trade on MY charts for the ym,nq and tf but nothing on es. Of the four you have in my view only the tf would be a trade, it was a pinbar off of s2. I did none of these. Mainly on the others I didn't like the location, tf was arguable. Aside from all that why did you trade all four, why not load up on one...that's a lot to manage/watch at the same time. I would also add that I personally never trade any index off a signal from another, doesn't work for me.

kbit, you are right! Managing 4 trades can be a bit too much. Once the 1st Target is filled, it gets easier. Sometime the Trigger points is filled before I can get the orders in. Actually I did load up on the YM and ES but for this thread I will always use 1 contract for each target.

I always use the interrelationship of the YM, ES, NQ and TF to help enter and exit all my trades. I look for the leader of the day and usually trade that index then look to see if the other indexes are following. I works very well for me.


Thanks,

BroncoSlade

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #24 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40

Below is the YouTube recap for trading Friday and today, Monday.

Thanks,

BroncoSlade



Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #25 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

Bronco, what are you using to record the videos? You might need to adjust the quality to a higher resolution and bit rate.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #26 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


BroncoSlade View Post
kbit, you are right! Managing 4 trades can be a bit too much. Once the 1st Target is filled, it gets easier. Sometime the Trigger points is filled before I can get the orders in. Actually I did load up on the YM and ES but for this thread I will always use 1 contract for each target.

I always use the interrelationship of the YM, ES, NQ and TF to help enter and exit all my trades. I look for the leader of the day and usually trade that index then look to see if the other indexes are following. I works very well for me.


Thanks,

BroncoSlade

Yeah, I too look at a number of indexes in order to get a better picure of what's going on, I just like to pick the best one of the bunch generally to load up on. I can't argue with sucess though, seems like you got a pretty good handle on it.
Regards, Kbit

Reply With Quote
Thanked by:
  #27 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40

Thanks, Mike

I'm using AVS Video Editor. It's not Camtasia Studio but it's a hell of a lot cheaper
and seems to me decent enough. I just reproduced it at the highest res available and it looks
much better.
Creating these videos and formatting a trading system for others takes a lot of time. Wanted an inexpensive system to
"paper trade" with to see if I want to continue teaching my system

Any software suggestions?

Thanks, Mike.......market bell just rung!

BroncoSlade

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #28 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

You might try Camstudio, it's not Camtasia - but very similar, and free.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #29 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40

Time: I use six time zones in the morning session.
Open to 10:00, 10:00-10:30, 10:30-11:00, 11:00-11:30, 11:30-12:00 and 12:00-12:30/1:00

I left out the most important Time Zone for the trading day. The Overnight Session.

The Over Night Session is where I draw Daily (short term) Resistance and Support level for the new day's trading. If nothing else, it helps determine the Daily Trend. I look at the ON Open, High and Low. Where is the YM trading in relationship to the Over Night?

Photo 1 and 2: The Over Night Session set the stage for trading the YM and ES yesterday. Clear Resistance at the Over Night highs signaled two very good trades with the last trade at about 2:30 producing the better results.
Photo 3: But the NQ produced two strong Buy signals when the Over Night Open acted as Support. Both signals traded back to the Over Night High where they found Resistance and produced two strong Sell signal.

This is why I draw these lines for the Over Night Session. Just another arrow in the quiver.

Thanks,

BroncoSlade

Attached Thumbnails
Click image for larger version

Name:	YMM1 06072011.jpg
Views:	266
Size:	1.14 MB
ID:	40452   Click image for larger version

Name:	ESM1 06072011.jpg
Views:	280
Size:	1.18 MB
ID:	40453   Click image for larger version

Name:	NQM1 06072011.jpg
Views:	296
Size:	1.28 MB
ID:	40454  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #30 (permalink)
 BroncoSlade 
Atlanta, GA
 
Experience: Advanced
Platform: tos
Trading: ES,YM,TF, NQ
Posts: 34 since Apr 2011
Thanks Given: 1
Thanks Received: 40


On Monday (beginning on the week)
I draw a trading range from the high and the low of the past 10 trading days.
Count the up and down days for those 10 days. Where are we in relation to the high and low?
Today, June 9th the 10 day Count was 4 Days Up (in a row) 6 Days Down (in a row). 1st indicator of a reversal.
YM is trading just off the new low @ 12014 (Wednesday(6/08)) of the past 10 days.

Popped up 83 ticks higher in the overnight session then traded lower towards the Overnight Open but found Support above the ON Open. 2nd indicator the YM may change direction today.

Believe it or not.....I try not to have a market bias at the Open. I try to let the market tell me it's direction for the day.
Some days I'm the windshield, some days the bug! If you have been trading for a while, you know the markets slows down and/or reverse after trading in the same direction for several days in a row. I use the 10 Day Trend to help determine market direction for the day. 6 down days in a row suggested a change of direction was coming. Photo 1

The YM traded slightly lower off this morning's Open then found Support in the exact same area of Support in the Overnight. 3rd indicator the YM may trade higher. Photo 2

4th indicator and my Entry Long was when the YM may traded above this morning's Open @ 12065 Long @ 12065

5th indicator was then it traded above the Overnight high, consolidated and then traded high. Once it traded above the 1st Pullback at the Overnight high, I trailed my 2nd target to 12100. Again, when it traded to the 3rd Pullback area, I trailed my stop to the 2nd Pullback @ 12120. The 3:00 and 3:13 512 tick bars showed enough weakness for me to Exit all my positions at the 3rd Pullback area.

Thanks,

BroncoSlade

Attached Thumbnails
Click image for larger version

Name:	YMM1 06092011 daily bars.jpg
Views:	274
Size:	845.1 KB
ID:	40646   Click image for larger version

Name:	YMM1 06092011.jpg
Views:	283
Size:	1.07 MB
ID:	40647  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on March 9, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts