efutures 

You are doing a great job of being consistently profitable. Why did you move from TF to CL?. If I am moving to CL from TF, I could expect my profit to go up 2 to 3 folds else not trade CL as the drawdowns to much more severe on CL. In my opinion, you could easily make more than 20-25 Ticks just by going to higher tick count and being selective in trading.

Thank you.

CL has more liquidity. I haven't left TF for good. It's still a very much loved market. CL has just been treating me very nicely and as I said it has more liquidity (which I will need as my AUM's grow).

You're right about the selectivity. It's really important, and will be a focus going forward.

I've been so swamped lately. I'm sorry not to have been around.

Anyways, I have a bit of time today to do a trade review here.

Trade 1. Simple pullback within the uptrend. +13

Trades 2 and 3. Simple pullback trades. Trade 3 was a re-entry of trade 2. Neither one of these worked out, as I happened to catch the top of the move. Both trades were quickly scratched for -3 and -6 respectively.

Trade 4. Seeing the weakness in the uptrend, I faded the breakdown of the weak leg up. Unfortunately, I got stopped out on a retracement up to the breakdown level and didn't get to participate in the 25 tick run. I escaped with +7.

Trade 5. Simple pullback within the now bearish framework. +8 as profits were taken at the previous swing low area.

Overall +20 average ticks per contract today.

Made two more trades from my laptop. The movement looked nice, and the volume picked up, so I hopped on board.

Two pullback trades. +10 and +11 ticks.

indextrader7 

I've been so swamped lately. I'm sorry not to have been around. Anyways, I have a bit of time today to do a trade review here. Trade 1. Simple pullback within the uptrend. +13 Trades 2 and 3. Simple pullback trades. Trade 3 was a re-entry of trade 2. Neither one of these worked out, as I happened to catch the top of the move. Both trades were quickly scratched for -3 and -6 respectively. Trade 4. Seeing the weakness in the uptrend, I faded the breakdown of the weak leg up. Unfortunately, I got stopped out on a retracement up to the breakdown level and didn't get to participate in the 25 tick run. I escaped with +7. Trade 5. Simple pullback within the now bearish framework. +8 as profits were taken at the previous swing low area. Overall +20 average ticks per contract today.

I may have missed it but what is your settings for your trend channel and what size chart are you trading in this view?

Brian

PandaWarrior 

I may have missed it but what is your settings for your trend channel and what size chart are you trading in this view? Brian

Keltner (2,20) and 250 tick chart. I usually don't have the keltner bands on this chart, but just added it last night. Sometimes it helps me see motion clearer, sometimes it distracts me. I go back and forth.

IT7, I see your screenshots are from MC now. Did you dump NT for MC?

eacherlunch 

IT7, I see your screenshots are from MC now. Did you dump NT for MC?

I did. Had some technical issues with NT, so went with MC for stability. So far, it's really great.

what were the technical issues you had with NT?

ba2012 

what were the technical issues you had with NT?

I'm not a tech guy... but it was a few crashes, due to ATM strategies it would appear. They have no idea what the problem was at NT, and refunded my subscription.

I'm quite happy with multicharts though. Especially being able to drag and drop an order management strategy on to an existing position.

Today was a pretty solid day. Other than missing an excellent trade early in the session, I took advantage of offered movement.



My main focus for tomorrow is maintaining the proper mental mindset throughout the heat of the battle. I've arranged some statements to read throughout the day to help me maintain the right mindset for my trading.

Here are the statements.

1. Forget the past
2. Focus on process. Focus on risk.
3. Wait, wait, wait for great opportunity.
4. Trust yourself. It's only an edge.
5. All it takes is one, single, good trade to make it all happen beautifully.