NexusFi: Find Your Edge


Home Menu

 





The Next Level


Discussion in Traders Hideout

Updated
    1. trending_up 3,200 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread

The Next Level

  #1 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

I have been trading the M6E, conditioning my emotional control for live trading. I have simmed myself
to death and I just can't take it anymore

Anyhoo... things are progressing well and I am slowly becoming profitable.

I am starting to think about what instrument I should move onto next. The 6E would be the logical
choice, but I don't think I'm ready emotionally for a full tick size instrument yet.

So that leaves the YM and NQ for the half sizing. I know the YM follows 6E rather well.
I know little about NQ.

Any advice would be greatly appreciated


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - May 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
41 thanks
Just another trading journal: PA, Wyckoff & Trends
30 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
21 thanks
  #3 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102



tderrick View Post
I have been trading the M6E, conditioning my emotional control for live trading. I have simmed myself
to death and I just can't take it anymore

Anyhoo... things are progressing well and I am slowly becoming profitable.

I am starting to think about what instrument I should move onto next. The 6E would be the logical
choice, but I don't think I'm ready emotionally for a full tick size instrument yet.

So that leaves the YM and NQ for the half sizing. I know the YM follows 6E rather well.
I know little about NQ.

Any advice would be greatly appreciated


I'm a little confused about a few of your comments.

Using the CME symbols;

M6E = E-micro Eur/USD Futures (tick) 0.0001 = $ 1.25

E7 = E-mini Eur/USD Futures (tick) 0.0001 = $ 6.25

6E = Eur/USD Futures (tick) 0.0001 = $ 12.50

The "half size" Eur/USD Futures would be the E7 @ $ 6.25 a tick, maybe you miss typed that. If your beginning to see improvement/progress in your trading why "change horses" as your coming around the "clubhouse turn." Learning to trade takes time, learning a market takes time, learning about ourselves takes a lifetime. I put my vote in the "DON"T change markets" column.

Lastly, "I have simmed myself to death and I just can't take it anymore " Maybe you need to get away from the markets for awhile, take a month off for some recreation.

recreation
Noun:
1. Activity done for enjoyment when one is not working.
2. The action or process of creating something again

Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


Cashish View Post
I'm a little confused about a few of your comments.

Using the CME symbols;

M6E = E-micro Eur/USD Futures (tick) 0.0001 = $ 1.25

E7 = E-mini Eur/USD Futures (tick) 0.0001 = $ 6.25

6E = Eur/USD Futures (tick) 0.0001 = $ 12.50

The "half size" Eur/USD Futures would be the E7 @ $ 6.25 a tick, maybe you miss typed that. If your beginning to see improvement/progress in your trading why "change horses" as your coming around the "clubhouse turn." Learning to trade takes time, learning a market takes time, learning about ourselves takes a lifetime. I put my vote in the "DON"T change markets" column.

Lastly, "I have simmed myself to death and I just can't take it anymore " Maybe you need to get away from the markets for awhile, take a month off for some recreation.

recreation
Noun:
1. Activity done for enjoyment when one is not working.
2. The action or process of creating something again


Damn, I forgot all about the E7... Of course that is the route to take!

It has to be at least as liquid as M6E, which is tolerable at best.

I have gotten very good at using limit orders to help me with slippage and liquidity issues.

Thank You


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #5 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


Cashish View Post
I'm a little confused about a few of your comments.



Lastly, "I have simmed myself to death and I just can't take it anymore " Maybe you need to get away from the markets for awhile, take a month off for some recreation.

recreation
Noun:
1. Activity done for enjoyment when one is not working.
2. The action or process of creating something again


I simply got to the point where I wasn't feeling any fear or anger or Ecstasy when I was simming.

That is over half the battle for a hot head like me. I'm not burned out at all. I'm actually getting
more screen time now because I am trading live with spot Euro swing trades and scalping
the M6E every once in a while. All emotional training. I'm using Market Replay now to search
for entry ideas and hone old ones.

I am progressing nicely with my emotions, considering I could hardly click the mouse to place an
order when I started out, my hand was shaking so badly. lol

I am too hooked to stop now. I'm well into my second year... maybe my third... with no end in sight.
This will be a life times work. I just wish I would have discovered this when I was a bit younger

thanks, again


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #6 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102

Oh,by the way.

Happy Birthday

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #7 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


Cashish View Post
Oh,by the way.

Happy Birthday


Thank you, my friend

I don't approach them with the same zeal these days!! They seem more like a count down now!! lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on February 26, 2012


© 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