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Ready Aim Fire Bullseye


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Ready Aim Fire Bullseye

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  #301 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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Posts: 407 since Sep 2010
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Couldn't see good trade entries on general trend down this morning. Didn't get frustrated and remained calm, an improvement for this jittery trader.


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  #302 (permalink)
 HighRise1202 
houston
 
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Off for rest of week while travelling to the city of wind and the CME.

Best of trading to you!

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  #303 (permalink)
 HighRise1202 
houston
 
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Missed opening head and shoulders for a short. Saw two pullbacks and thought they would run...and left several points on the table. Was calm...hey hey.


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  #304 (permalink)
 HighRise1202 
houston
 
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Got lucky on second trade. First trade, again had 2 points but watched it evaporate.


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  #305 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #306 (permalink)
 HighRise1202 
houston
 
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Couldn't trade regular time. Came back and saw an opportunity.


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  #307 (permalink)
 HighRise1202 
houston
 
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I set up for cash trading today. However, too nervous to trade. I created a 1 to 10 scale where 1 is calm as a yogi and 10 is heart pounding and hands shaking like leaves. I was coming in at a 7. I got up, played the guitar, and settled down. I sat back down and as price and indies moved near buy/sell point, up to 6 I went. I got up, played the guitar, and settled down. I repeated the last cycle one more time. By that time TF looked like it was through swinging for the day.

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  #308 (permalink)
 HighRise1202 
houston
 
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Fool me once, shame on you. Fool me twice, shame on me.

Here's a little devil trick of the market you can use for your benefit. I call it the Hot Lick. There is likely another name for it. If so, please let me know.


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  #309 (permalink)
 greenr 
london/england
 
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This is what you have to see before it happens









Hope this helps you

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #310 (permalink)
 HighRise1202 
houston
 
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Didn't see trade during my normal trading period. Perhaps my rules are too tight.

Went sim and later saw two opportunities.



(YouTube XML wouldn't work.)

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  #311 (permalink)
 HighRise1202 
houston
 
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  #312 (permalink)
 HighRise1202 
houston
 
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Thanks for futures.io (formerly BMT) members kbit and indextrader7. Following a thread they participate in helped me. I'm trying to stay in trades longer and still scalp mostly.


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  #313 (permalink)
 HighRise1202 
houston
 
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Goals for today; trade my rules and be aware of bias . (I'm thinking big market correction as many do.) Sure enough, the good trade was a long.

I followed my rules and did well. I "closed my trading day" at 8:43 Central. Later I took some "practice trades." I confirm now it is better to study historicals or do replays.


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  #314 (permalink)
 HighRise1202 
houston
 
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Goals for today: 1. no pre-market, 2. Follow rules or else I'll have inconsistent results I won't be able to evaluate and I'll likely fail to adjust accordingly, and I therefore won't succeed as a futures trader. My rules are MacFibbar and S/R lines.

Two trades, the first I had too tight a stop.


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  #315 (permalink)
 HighRise1202 
houston
 
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Goal today: be bored. Simply trade the rules. It works, so I was told, and now I see. It did point out that I need to manage stops better.

[yt]http://www.youtube.com/watch?v=xFGZ0hzLOw0&feature=youtu.be[yt]

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  #316 (permalink)
 HighRise1202 
houston
 
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Wow, sweet setup pre-market. My rules say no pre-market trades. This was too sweet to pass up.

+ 3 1 TF June 25 2012 - YouTube

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  #317 (permalink)
 HighRise1202 
houston
 
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♪ Learning, learning, learning. ♫ Keep those wheels a' learning...

+ 2 2 TF June 28 2012 - YouTube

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  #318 (permalink)
 Rad4633 
Greensboro NC
 
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HighRise1202 View Post
♪ Learning, learning, learning. ♫ Keep those wheels a' learning...

+ 2 2 TF June 28 2012 - YouTube

Well done HighRise.............. from the looks of ur post ur rolling along rather nicely

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  #319 (permalink)
 HighRise1202 
houston
 
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Got "optimistic" with 3rd trade. 1597 MACDBBline said stay out, others said go. I "went."

+ .8 TF June 29 2012 - YouTube

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  #320 (permalink)
 HighRise1202 
houston
 
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I will fix the mic noise issue!

+ 1 0 TF 7 2 2012 - YouTube

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  #321 (permalink)
 HighRise1202 
houston
 
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♪ Better not mess with the market trend, my friend. ♫

+ 1 7 TF 7 3 2012 - YouTube

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  #322 (permalink)
 HighRise1202 
houston
 
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Trust the indicators...must trust the indicators...must trust the indicators
+ 7 TF 7 5 2012 - YouTube

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  #323 (permalink)
 HighRise1202 
houston
 
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Must trust the indicators...but watch for when they don't agree with each other.

6 TF 7 6 2012 - YouTube

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  #324 (permalink)
 HighRise1202 
houston
 
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First trade was successful, faded to ATM target. Should have stopped there. Instead went on roller coaster, having to scramble to finish in the green. Did learn some lessons though.

+ 1 7 TF 7 9 2012 - YouTube

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  #325 (permalink)
 HighRise1202 
houston
 
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Entered trades well. Get cold feet and exit too early. Neither indies nor support/resistance lines, nor Fibs say get out. I just get a feeling. Oh, and nervousness.


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  #326 (permalink)
 HighRise1202 
houston
 
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First trade disaster. MACDBBLines said short but was at major Fib for pivot. Must follow rules. Must follow rules. On top of that I set a big stop to give room...and got stopped out! Took two good trades after that to get into green.


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  #327 (permalink)
 HighRise1202 
houston
 
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I'm pleased that I didn't make any trades today...none matched my rules.

July 18 2012 no trades - YouTube

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  #328 (permalink)
 HighRise1202 
houston
 
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Felt good about trading today. Took a stupid trade or two, though.


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  #329 (permalink)
 HighRise1202 
houston
 
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Gartley pattern came through on last trade. I've heard it said trade management is more important than trade entry. I'm starting to be a believer.


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  #330 (permalink)
 HighRise1202 
houston
 
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2.2 in 17 minutes. I'm afraid that's "my kinda' tradin'. I'd rather hang out with the knowledgeable and lively group in the chatbox , but eyestrain is an issue.

+ 2 2 TF 7 25 2012 - YouTube

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  #331 (permalink)
 HighRise1202 
houston
 
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I'll take it. Traded about an hour. No eyestrain. Best of trading to you.

+ 2 2 TF 7 26 2012 - YouTube

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  #332 (permalink)
 HighRise1202 
houston
 
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Returning from trip to the city of the CME and "The Bean" (a must-see sculpture), I traded gingerly. Missed big runner at opening + 2 minutes. Felt left out and wanted to trade NOW. But controlled myself trying to feel like "there's always another trading opportunity coming up." (Easier said than done.) Everything aligned for a small trade at the open + 10 minutes.

+ 9 TF 7 31 2012 - YouTube

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  #333 (permalink)
 HighRise1202 
houston
 
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I've likely got it wired in my head that things need to have a minimum level of complexity. If a thing is too easy it's not right, good, correct, or worthy. This is balderdash. Some great things are easy, some are difficult. When they are easy, take them easily. Oh, that's so hard for me, I believe I'm observing. But observing is the first step towards fixing.

For example, I accepted an invitation to attend the Houston Texans training camp held yesterday. It was awesome. But I couldn't keep it easy. I had to have my picture taken with three cheerleaders. I made sure my wife found out about it and a brouhaha ensued.

Tuesday a sweet fat TF trade opportunity presented itself. I didn't take it...because it was too simple? I don't know.

Anyway, a sweet fat TF trade opportunity presented itself today. I took it. It went to target. I am finished for today after 20 minutes of prep work and 4 minutes of trading.

+ 2 5 TF 8 3 2012 - YouTube

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  #334 (permalink)
 HighRise1202 
houston
 
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Got up late...felt sleepy...started late; not good for trading.

Add to that sideways market...go back to sleep!

+ 2 TF 8 7 2012 - YouTube

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  #335 (permalink)
 HighRise1202 
houston
 
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+ 1 6 TF Aug 8 2012 - YouTube

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  #336 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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No trades today. Market moved with low volatility and volume. A bias for a short kept whistling in my ear but I fought it off.


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  #337 (permalink)
 HighRise1202 
houston
 
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Confidence with your system pays off. But learn how to use your ATM!

+ 4 9 TF Aug 13 2012 - YouTube

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  #338 (permalink)
 HighRise1202 
houston
 
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One trade. 11 minutes trading. Isn't that OK? Do I have to trade for hours???

+ 1 6 TF Aug 14 2012 - YouTube

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  #339 (permalink)
 HighRise1202 
houston
 
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Succeeded in neutralizing my bias this morning...at least I think I did! Thanks to a futures.io (formerly BMT) member for first helping me realize one MUST control bias in day trading futures!!! I was tempted to take a pre-market long but I felt the risk was too high. (Maybe later when I'm more experienced I'll take those.) Waited for the signal, a big signal came, and voila.

+ 2 5 TF Aug 15 2012 - YouTube

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  #340 (permalink)
 Vincent Vega 
Beer Sheva,Israel
 
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HighRise1202 View Post
Succeeded in neutralizing my bias this morning...at least I think I did! Thanks to a futures.io (formerly BMT) member for first helping me realize one MUST control bias in day trading futures!!! I was tempted to take a pre-market long but I felt the risk was too high. (Maybe later when I'm more experienced I'll take those.) Waited for the signal, a big signal came, and voila.


Beautiful trade pal, keep it going.


“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
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  #341 (permalink)
 HighRise1202 
houston
 
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It looked like the stars wouldn't align for a trade this morning. I was dozing off. Then a good signal came at 9:20 Central Time. I took the trade. It pulled back with a two bar reversal. I didn't like the thought of a loss, so I move the stop to BE + 2. Price came and hit the stop. Then price went on to my target. Lesson: set your stops and stand up like a man...unless the original signal reverses.

+ 2 TF Aug 16 2012 - YouTube

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  #342 (permalink)
 HighRise1202 
houston
 
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Indies said go short. I did. Took a lot of heat. Could I stand that much heat when in cash? Hmmm.

+ 2 5 TF Aug 20 2012 - YouTube

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  #343 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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Thanks to futures.io (formerly BMT) members in chatbox channel 2 today. It's more enjoyable to trade with others working on the same instrument, TF. I looked over to channel 1 to see what was going on there also.

I entered a short on good signals. I was coaxed into exiting by a pullback. Price went on down over 5 more points. I think I'll go to trading two cars with one a runner. Is that a solution and good idea, or band aid?

+ 1 1 TF Aug 21 2012 - YouTube

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  #344 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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First day trying 2 cars. First day of loss in quite some time.

Two trades. First went only 5 ticks and reversed. Had conflict between indicators. MACDBBLine said go short, but short distance from Fib reversal area. DON'T TAKE THOSE! When I recognized I was in a "conflict trade" I should have bailed. Could have gotten out at about B/E.

Second trade had nice runner. :car: Hard to manage a runner, but feels good.

4 TF Aug 22 2012 - YouTube

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  #345 (permalink)
 greenr 
london/england
 
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HighRise1202 View Post
First day trying 2 cars. First day of loss in quite some time.

Two trades. First went only 5 ticks and reversed. Had conflict between indicators. MACDBBLine said go short, but short distance from Fib reversal area. DON'T TAKE THOSE! When I recognized I was in a "conflict trade" I should have bailed. Could have gotten out at about B/E.

Second trade had nice runner. :car: Hard to manage a runner, but feels good.

4 TF Aug 22 2012 - YouTube

Hey Orin hope all is well

How comes your trading 2 contracts now, when you have not started trading your live account with 1 yet...?

Just curious

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #346 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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greenr View Post
Hey Orin hope all is well

How comes your trading 2 contracts now, when you have not started trading your live account with 1 yet...?

Just curious

Greetings, Ryan.
I've been knocking out consistent sim small gains but am frustrated on catching runners. Thought I'd try 2 cars. It worked. Please explain the downside of this. I'm all ears! I hope your trading is going well.

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  #347 (permalink)
 greenr 
london/england
 
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HighRise1202 View Post
Greetings, Ryan.
I've been knocking out consistent sim small gains but am frustrated on catching runners. Thought I'd try 2 cars. It worked. Please explain the downside of this. I'm all ears! I hope your trading is going well.

Hey, no down side

Just now your losses are going to be twice as big

You will just need to tweak your trade management slightly

As long as let say you have a 50% hit rate

Your 1st target is on average 2x as big as you initial stop

Over x trades you should have your edge

This might let realize you trading

The thing to think about now is do you have the discipline, control and confidence now trading 1 contract for so long?

If so you should be grinding small profits out of your account with 1 contract getting used to live trading conditions

Yes they are small but once you can do it with 1 contract.......you can build your account up and with rules grow it

So let say your starting off with a small account $5,000

You should only be risking 5 ticks on average per trade

1 contract 5 ticks $50 = 1%

If you average stop loss is 7 ticks then start with a $7,000 account

As long as you have your edge, your confidence, your discipline and control with correct trade management

You should see your account grow if you are performing

Then say on the $5,000 account with 1 contract with 1% per trade (along with correct daily stop loss and win targets)

You grow your account to $5,000 in 1-2 months

Now you can trade 2 contracts with the exact same risk and exact same trades etc

But your profits are double.....

You can keep doing this and grow your account and add contracts accordingly then start worrying about maximizing profits with runners etc

This is more advance and more complex and until you have some hard stats to work with to monitor you and your systems performance id worry about getting some small profits out of a live account. The real money will come with time and experience

Just think the small money your making with 1 contract…. what say 3 pts $300...10 contracts with the exact same trade will now be $3,000

Also when trying to grow your account with this idea, the same applies with down draws. As you grow say you hit a drawdown of $5,000 you take 1 contracts away. The idea is to grow your account uniform with the same amount of risk on the account per trade

As long as you stick to this then on paper you can’t lose, your edge makes you money. You just have to keep control and follow the rules

Hope this helps dude

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #348 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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One trade, entry without "stars aligning" but many indies were STRONG down. Two cars. Felt confident. Thanks again to the TF-trading gentlemen on chatbox channel 2.

+ 2.0 TF Aug 23 2012.avi - YouTube

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  #349 (permalink)
 HighRise1202 
houston
 
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greenr View Post
Hey, no down side

Glad to hear that moving to 2 cars in sim sounds OK. Thanks for the insight and 1% recommendation.
I plan to go back to cash within a month or two.

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  #350 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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Stand up to the market and make your trade. That was the lesson for me last Friday.

I have been privileged to work with two veteran traders. We use channel 2 of the chatbox and trade TF.

At 9:10 Central Time my indies fired strong for a long. I took and announced the trade. "WTF" responded a chatbox participant. Taking and announcing the trade made me feel naive bordering on stupid. Anyone could see TF was trending down gently while chopping. But I stood by my indies. I even entered at the top of the channel!

23 grueling minutes later price took off long. The market went over 7 points and I got 3.

Stick to your guns.

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  #351 (permalink)
 HighRise1202 
houston
 
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Decent trade entry. Poor trade management. Shouldn't go for big targets at this time of year IMHO.

- .5 Aug 30 2012 - YouTube

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  #352 (permalink)
 HighRise1202 
houston
 
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Stuck with my rules today. I'm often too smart to do so.

+ 3 5 TF Aug 31 2012 - YouTube

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  #353 (permalink)
 HighRise1202 
houston
 
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Kept the faith in my rules and it paid off. Big signal fired on large chart. I looked for entry confirmation on smaller chart...didn't see one. Went ahead and entered. Got some hand shaking while trying to manage runner, moving target and stop lower.

+ 2 2 TF Sept 3 2012 - YouTube

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  #354 (permalink)
 HighRise1202 
houston
 
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Told myself to be unbiased this morning. (I've got a bear in my head.) Did take short because my rules said to do so. Worked out OK. Made mistake of not checking and had wrong ATM strategy. Waiter! Check list please.

+ 2 2 TF Sept 5 2012 - YouTube

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  #355 (permalink)
 HighRise1202 
houston
 
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My trading period was over. I was satisfied having not taken a trade. Then the urge to take one came over me and tested my discipline. A short signal fired and I went short.

- 1. 8 TF Sept 6 2012 - YouTube

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  #356 (permalink)
 HighRise1202 
houston
 
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There appeared to be few trade signals today. I took a marginal signal at 8:33 Central Time when the 987 tick MACDBBLine moved below the lower BB and to the rail.

Best of trading to you and have a great weekend!

+ .9 TF Sept 9 2012 - YouTube

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  #357 (permalink)
 HighRise1202 
houston
 
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I was determined to make a silk purse out of a sow's ear. Hey, when TF ain't movin' it ain't movin'! I've ordered ten cases of patience from Sam's Club. Follow da' rules, man

No more trading this week. Off to Chicago for mother's 87th birthday and also a fraternity reunion. Best of trading to you!

+ 1 0 TF Sept 12 2012 - YouTube

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 HighRise1202 
houston
 
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Looked like market was flatter than my 4th grade girlfriend. Finally price rose to a deep Fib area. Took short based on resistance level and was successful. Best of trading to you!

+ 2 8 TF Sept 17 2012 - YouTube

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  #359 (permalink)
 HighRise1202 
houston
 
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Waited to make a case for a trade (thanks for that terminology, Gary). Even though volatility was light, a case could be made.

+ 2.4 TF Sept 18 2012 - YouTube

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  #360 (permalink)
 HighRise1202 
houston
 
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Today an indie fired so strongly that I placed a short. I didn't wait for the other indies, areas, or S/R lines to be in accord.

+ 2 8 TF Sept 19 2012 - YouTube

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  #361 (permalink)
 HighRise1202 
houston
 
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I couldn't make a case for a trade today.

TF 9 20 2012 - YouTube

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  #362 (permalink)
 HighRise1202 
houston
 
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I heard my audible alert and came to the system to find a shorting opportunity.

The result was an 8 tick gain.

+ 8 TF 9 20 2012 - YouTube

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  #363 (permalink)
captnolikey
San Antonio, TX / USA
 
 
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Nicely done!

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  #364 (permalink)
 HighRise1202 
houston
 
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Keep things in perspective, I tell myself. Drove my son to the airport this morning. Told myself the one-on-one time is to be cherished. No need to trade every day. Came home and opened the system. Voila, a short opportunity. I felt daring but placed the trade.

Learning a lot from futures.io (formerly BMT) and the members.

+ 5.1 TF Sept 23 2012 - YouTube

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  #365 (permalink)
 HighRise1202 
houston
 
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Took short based on MACDBBLine 987 tick chart cross from above. Felt too late and retrace took one of my stops out. Nice ride down though on the second car.

+ 3 4 TF Sept 26 2012 - YouTube

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  #366 (permalink)
captnolikey
San Antonio, TX / USA
 
 
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Good job, Orin. I kept trying to take longs on the retracements......all the way down


I noticed Horst did the same thing and then salvaged it! Oh well, tomorrow I guess.

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  #367 (permalink)
 HighRise1202 
houston
 
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captnolikey View Post
Good job, Orin. I kept trying to take longs on the retracements......all the way down


I noticed Horst did the same thing and then salvaged it! Oh well, tomorrow I guess.

Please try using the 610 tick MACDBBLine chart to help you stay in. Yesterday I would have had another 1.5 points if I had watched the 610.

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  #368 (permalink)
 HighRise1202 
houston
 
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Had virus illness yesterday and did not trade. Felt good enough to trade (SIM) today, and jumped right in. That is likely not a good idea after illness. Better to ease right in.

First trade was just ahead of news. See? Not good to "jump in." Learned from Silvester17 that Chicago PMI is available a few minutes before official release time...thanks S. But still, I shouldn't trade before news. I know that.

Second trade was a "catch up chase the market gain back your stop outs trade."

Third trade was good. Bought at trend line. It seems like trend lines are coming to rule the roost lately.

- 4.0 TF Sept 28 2012 - YouTube

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  #369 (permalink)
 HighRise1202 
houston
 
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captnolikey View Post
I noticed Horst did the same thing and then salvaged it! Oh well, tomorrow I guess.

Did you notice that on H's video of yesterday the 27th that he moved his stop on the first trade...increased it when the trade went against him?

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  #370 (permalink)
 HighRise1202 
houston
 
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Took early trade and held into headline time! I did it just last week also!

Worked my way back to BE. Best of trading to you!

+ .1 Oct 1 2012 - YouTube

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  #371 (permalink)
 HighRise1202 
houston
 
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Does the first trade have to be a loser?

+ ,6 Oct 2 2012 - YouTube

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  #372 (permalink)
 HighRise1202 
houston
 
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OK, now two challenges may come. First, I'll get over confident. Second, today may have been like taking candy from a baby, and tomorrow will bring the baby's big bad brother coming to take the candy back.

Let's go for it, fellow traders. Let's go for the significant wins. I asked myself last night, "What would it take to become a successful trader?" Journaling was the answer that came to me (thanks to BM's Tradervue webinar, I'm sure). I'm testing Tradervue now and will test some others.

+ 8 2 Oct 3 2012 - YouTube

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 HighRise1202 
houston
 
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This was a tame day for Fed Day. Because of Fed Day I came in with a reluctant-to-trade bias. Oh well.


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  #374 (permalink)
 HighRise1202 
houston
 
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Whoa! My best outcome day. But don't ask how I got there. My first 3 trades stopped out. I just stand there watchin' with my hands on my hips!

Today I thought the market wouldn't fall for the unemployment numbers jump down. Now it looks like they just pretended to. Anyway, I need to leave my biases at the door, not trade during headlines, and go with what the market tells me. Agree?

My 4th trade...I finally started going with the flow. The last trade...now that was a long but enjoyable ride.

+ 13 6 Oct 5 2012 - YouTube

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  #375 (permalink)
 Vincent Vega 
Beer Sheva,Israel
 
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Enviable vision of the market you had today.
I did well today too but in the NQ.


#23 EnlightendByMacdbb NQ 23 Oct 2012 +530$ - YouTube

“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
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  #376 (permalink)
 HighRise1202 
houston
 
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Execution Score: 2
* My first entry was OK, but I was 3 bars late in. I didn't take the 9 ticks offered when price hit the Fib deeps, reversed, and retraced. Did not have Fib area marked!
* Second trade was revenge trade taken at an S/R and Fib level. Took big heat and had to wait forever for price to move.

Psychological Score: 2
Had spat with wife, not feeling good about that, and traded anyway. Took revenge trade, but it worked.


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  #377 (permalink)
 HighRise1202 
houston
 
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Execution Score: 2
I just have to take an early trade and watch as it stops out. Then I take a revenge trade and catch up.

Emotional Score: 2
My emotions are under control. A bit of impatience as I wait for seemingly forever for price to move. I guess I like to see things grind out and if for the better, good. If for the worse, que sera sera. : My indifference reflects my general attitude when there is a performance outcome, whether it's interpersonal dealings, job performance, or anything else. This is an epiphany. My attitude implies there will be no ramifications either way, but there are and they are sometimes huge.

+ 5 4 Oct 9 2012 - YouTube

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  #378 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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Execution Score: 3
Shy on trading in first 10 minutes. Didn't fall for bear trap near opening. Sure enough, price rose. That presented first op. Didn't trade. Price dropped to deeps and S/R line and didn't trade again. Took next good ops for fair trades.
Emotional Score: 4
Steady emotions. Didn't feel left out despite missing two good ops. Felt nervousness after second entry like I was trying to take too much and trading past my time slot.
Note: When deep Fib lines up with an S/R line, that seems like a good entry signal.

+ 3 1 Oct 10 2012 v2 - YouTube

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 HighRise1202 
houston
 
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**Execution Score: 2**
* 1st Trade OK, gave 2nd car 1 point stop and got stopped out.
* 2nd Trade revenge trade, then allowed full stops
* 3rd Trade decent signal but went short distance
* 4th Trade good signal but bailed 2nd car at 1 point. Price reversed from that exact price to go 5 points further
**Emotional Score: 2**
Frustrated by trade management issues. To let runner run or not, to take heat on runner or not, and how much. Revenge trade? Come on Dude!

1 4 Oct 11 2012 v2 - YouTube

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  #380 (permalink)
 HighRise1202 
houston
 
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Execution Score: 2
Took short on weak signal treating it with blind faith. It had reached the bottom of a deep Fib area! Second trade was a revenge trade. Third trade was on good signals, took a lot of heat, added on three times for big trade. Pre-market foretold a ranging day but I traded like it was going to trend.

Emotional Score: 2
On second trade calmly took revenge trade.

+ 8 7 Oct 19 2012 v2 - YouTube

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 HighRise1202 
houston
 
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Nice signals for this one trade, but I got into it one minute after the signals. Would have gotten 3.5 out of it instead of BE. Will replay to try and find out why I got in so late.

1 Oct 22 2012 v2 - YouTube

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  #382 (permalink)
 HighRise1202 
houston
 
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Execution Score: 4
At open saw big charts 1597 and 4181 with strong V's down. Price came to double top. Took trade at open because down trend was so strong.

Emotional Score: 4
Thought, "OK, you're not being serious taking a trade at the open. No...that's not right. I don't care how the trade goes. It's just a trade and I see good enough indicators to enter."

+ 2 8 Oct 23 2012 v2 - YouTube

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  #383 (permalink)
 HighRise1202 
houston
 
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I wild beast got into my head today.

Execution Score: 2
A good signal fired just after the open, just like yesterday. I did not take it because I had "Fed day beware" in mind. Price went as the signal predicted, and 7 points to boot. Second trade was on weaker signal and against the trend. Stopped out. Third trade I added on and trade was OK. Fourth trade I added on and it stopped out. Final trade I added on and it went well.

Emotional Score: 2
I was unhappy I missed the first trade and went into catch up mode. I had the patience of Job and finally saw the market drop as predicted.

+ 4 2 Oct 24 2012 v2 - YouTube

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 HighRise1202 
houston
 
Experience: Intermediate
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Execution Score: 2
I took a pre-market trade on good signals. However, TF has been head faking a lot at the open and today the fake was 2.5 points!
Emotional Score: 2
Went into catch up mode again.

+ 2 4 Oct 25 2012 v2 - YouTube

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 HighRise1202 
houston
 
Experience: Intermediate
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Execution: 5
Successfully predicted this would be a trending day. I used overnight range size, pre-market news, and DAX range to predict. Waited in anticipation of repeat pattern from yesterday; price rises several points at open, then reverses for nice run down. Price did rise 4.5 points then reversed. Signals for a reverse were S/R line, MACDBBLine seperation, trend line hit, and bar setup (baby bar reversal). I felt I did a good job managing the runner, a difficult task for me.

Emotional Score: 4
Started to breath deep when I placed the trade, but otherwise calm.

+ 6 2 Oct 26 2012 v2 - YouTube

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 HighRise1202 
houston
 
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**Execution Score: 3**
Traded against trend. No ATM setting. Took big time heat and added on at trifecta level (where a TL, S/R, and deep Fib met)

**Emotional Score: 3**

Got nervous after entering trade. Felt light of breath. I KNEW price would come down after big rise, but gee, am I clairvoyant or stupid.

+ 2 9 Oct 31 2012 v2 - YouTube

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 HighRise1202 
houston
 
Experience: Intermediate
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Execution Score: 2
My wild wolf came out. I got hoggish on the first trade. Could have closed with two points, but watched reverse go to stops.

Emotional Score: 2
Got nervous on first trade with lightness of breath. Second trade was revenge trade. I knew it and wasn't ashamed. I lost control and started over trading.

+ 9 3 Nov 1 2012 v2 - YouTube

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  #388 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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OK, I'm tired of my reckless SIM trading, even if I finish in the green. I'm taking the advice of a futures.io (formerly BMT) member and going to trade spot forex micro lots with cash for real experience. I'm starting out with MB Trading and the Metatrader platform. May try NT.

Your advice is and will be appreciated.

+ 5 Nov 2 2012 v2 - YouTube

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  #389 (permalink)
 Big Mike 
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HighRise1202 View Post
OK, I'm tired of my reckless SIM trading, even if I finish in the green. I'm taking the advice of a futures.io (formerly BMT) member and going to trade spot forex micro lots with cash for real experience. I'm starting out with MB Trading and the Metatrader platform. May try NT.

Your advice is and will be appreciated.

+ 5 Nov 2 2012 v2 - YouTube

I always advocate ditching sim as soon as you have an understanding of how your platform works. Risk $5.00 a day in spot forex, put even the smallest skin in the game, that is when your learning actually begins.

Keep risk at a minimum. I would say $5.00 a day is enough. You can do this with micro lots in spot forex.

Forget about the $$ win/loss, focus instead just on percentages and return ratios. Risk $5.00 to make $15.00 for example, that is an excellent percentage return. Later after you have demonstrated the ability to be consistent, you can start risking more, and eventually move to futures cash.

Also, FXCM and NinjaTrader are partners and just formally launched their service, if you want to consider using them.

Mike

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