I just uploaded the subject to the Downloads Section:

Downloads - Educational - Big Mike's Day Trading Forum

Less than 30 pages if you don't count the cover and last pages (nicely spread out). You will finish the whole book within minutes. Enjoy!

Beth

Price currently trades at 1020.00 (bearing in mind that yesterday's Close @1022.00).

Top VPOC 1038.50
Bottom VPOC 1021.00 (IF it opens above it else I will use yesterday's Low 1006 for reference)

Overnight High & Low as at 8:35 am: 1032.50 and 1017.50

Have a Successful day.

Beth

Goal Accomplished: I am happy with 3 out of 4 trades I took. It's a heavy-duty and fruitful morning. Hmm, I got a F for the first ES attempt (it's me who made a wrong decision) while performing quite good (IMHO) on the remaining trades esp the TF one. Sooooo, at least a C+ for me ...

Note: Today's trades were manually executed and managed by UKNOWHO. They're not triggered or based on any strategies.

Will be back with a weekly recap. Please stay tuned.

Beth

Here it comes:

1. Sim Trade

Mon $117.00 (ES)
Tue $54.50 (ES)
Wed No Sim Trade
Thu $46.00 (ES)
Fri $102.50 (CL, ES and TF)

Total $320.00 after commission (I'm shocked LOL!)

2. Real Trade

Wed $54.47 (CL)

Total $54.47 after commission

3. CL Inside Bar Trades (auto-trading)

At least $800 after commission

4. Green vs Red

43 Green vs 6 Red

++

I am not very happy with my real trade result. Well, at least I took a profitable trade, ie meeting my minimum standard .. haha ..

What's Next?

1. Will do a review on my trading plan (esp instrument(s)) this weekend in view of the big changes I've made this week.

2. I will study some ABC pattern materials - mainly for education purposes and no plan to incorporate these trade set ups in the coming week. Actually it may take some time for me to digest them. I learned some weeks ago and had a big head.

3. No installation of the MultiCharts application yet as I have not heard from the vendor. No rush for me as it may take months for me to be operational.

Beth

Initial Balance: 1029.00 - 1019.25 (9.75 points)
Value Area as at 10:40 am: 1026.75 - 1024.25 - 1020.75 (6 points)
Price opened @1026.00
Today's High and Low as at 10:40 am: 1029.00 and 1019.25 (matching IB)
VPOCs: Top 1038.50 and Bottom VPOC ?? (1021 was touched. Will use today's Low and yesterday's Low 1006 for reference.)
Overnight High and Low: 1032.50 and 1017.50

It's a long weekend. Maybe Mr Market will not fall too much. Do expect a rotation either Up or Down to extend the range.

Continue enjoying your day.

Beth

I looked at the 2 ABC triangles. Believe one may short when price broke B with SL 1 tick above C (3-3.5 points). Unfortunatley, wouldn't work for me as my SL is 6 ticks. Well, it's on my log and I may benefit from it in the future.

I did a quick TF Long sim trade minutes ago .. based on SMA 3/7 crossover and MACDBB. $100 and not to be added to the official record.

This weekend I am going to look at ES and TF in more details. Seemed TF talks to me more often or it's just my imagination.

Beth (I am going to make a quick lunch before baking some organic banana muffins. Haven't been baking for weeks.)

wgreenie 

I did a quick TF Long sim trade minutes ago .. based on SMA 3/7 crossover and MACDBB. $100 and not to be added to the official record. This weekend I am going to look at ES and TF in more details. Seemed TF talks to me more often or it's just my imagination.

Beth,

I look forward to your analysis on the TF.

Have a great Fourth!

I did 4 TF sim trades since 12:00 noon. All profitable ones and 2 went up over $200 ... and I let them run until I saw warning signals. To assess my emotion and trade management objectively (still subject to my bias to a certain extent), I have the following ideas (before a more in-depth analysis or internal dialogue):

1. I do not have any former bad trading experience on TF and mostly on ES/YM.

2. Having sim-traded a few strategies on TF since Apr, I am so used to a 20-25 SL to give it more room before reaching 60 PT. In other words, my nerves haven't started cracking when it's 10-15 ticks against me esp the indicators are still on my side.

3. The TF charts I have been using are simpler and cleaner. Psychologically it's less overwhelming even I have been using the complicated ones for months.

4. I have a better trading foundation for TF/CL (new comers) compare to ES/YM when I did not have a system or setup or anything. I was a nerd with a crazy mind .. pretending I knew how to trade when I actually had ZERO idea and absolutely NIL trading knowledge/skill!

Saying/Writing it out serves to remind me how stupid could I be. Well, it WAS me.

I will put my thinking hat on this weekend and map out a revised trading plan for the coming week. Great that it's a long weekend and I may relax a little too .. haha ..

Will be back after 4:00 pm.

Beth

wgreenie 

I did 4 TF sim trades since 12:00 noon. All profitable ones and 2 went up over $200 ... and I let them run until I saw warning signals. To assess my emotion and trade management objectively (still subject to my bias to a certain extent), I have the following ideas (before a more in-depth analysis or internal dialogue): 1. I do not have any former bad trading experience on TF and mostly on ES/YM. 2. Having sim-traded a few strategies on TF since Apr, I am so used to a 20-25 SL to give it more room before reaching 60 PT. In other words, my nerves haven't started cracking when it's 10-15 ticks against me esp the indicators are still on my side. 3. The TF charts I have been using are simpler and cleaner. Psychologically it's less overwhelming even I have been using the complicated ones for months. 4. I have a better trading foundation for TF/CL (new comers) compare to ES/YM when I did not have a system or setup or anything. I was a nerd with a crazy mind .. pretending I knew how to trade when I actually had ZERO idea and absolutely NIL trading knowledge/skill! Saying/Writing it out serves to remind me how stupid could I be. Well, it WAS me. I will put my thinking hat on this weekend and map out a revised trading plan for the coming week. Great that it's a long weekend and I may relax a little too .. haha .. Will be back after 4:00 pm. Beth

Again, I look forward to seeing and reading your analysis of the TF, your chart setups (esp. simple) and your philosophy.

Best Wishes

Have a glimpse of the 5-minute chart I've been using for TF semi-auto trading though the enclosed is an ES version. Took a sim Long minutes ago and both PTs got hit within 3 minutes.

Note: The ABC triangle was quite small so my 6-tick SL cushion was okay. Else one has to adjust it to 12 to safeguard a quick stop-out before going up.

Beth