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Big Mike's ZN trades
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Big Mike's ZN trades

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

Big Mike's ZN trades

For more on my setups and style, read this thread:
Trading the bigger picture: Scalper Edition

I wanted to start this thread to record some of my trades on the ZN. This is a learning stage for me, I've only just begun looking at and trading the ZN, with help from Sharky.

I will be posting some charts and trades as much as I can. It's an evolving process so bear with me

I am in Dallas, so central time zone. I will try to always list trade times in EST time zone, but my charts are going to show central time. I hope that is not too confusing.

Mike

 
  #2 (permalink)
Site Administrator
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Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
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Today I took two trades off the ZN 09-09.

The first was @ 10:34am price of '145.

I felt like this was a good opportunity for a short because we had a small pull back and my disposition for trades was to take only shorts, based on my large 4181v chart.

My 1597v chart confirmed the short and I felt good, so I pulled the trigger.

I knew the MML was setting right there but I thought we had pulled back to it, tapped, and will now head down. My position was that this MML was soon to become resistance, that it had already failed support.

We immediately entered chop as soon as I pulled the trigger. So I took some heat for a few minutes but using some new EOT tools I felt comfortable in the position so just hung on for a minute.

Price then fell and I got out at '105 for +8 ticks. Price continued lower but I was afraid of a DB so I didn't want to push it.

The second trade I entered was short @ 11:35a price of '100. I was waiting for a long failure because I knew I was only interested in shorts.

I took only 4 ticks on this one because the pullback was not very strong, and I didn't want to give back any of what I made earlier. I had a target of 8 ticks but was moving my stop down 1 tick at a time as price moved down. It reversed a small bit and stopped me out @ +4 tick gain before it moved lower.

I will add charts to this later today, I can't refresh right now because I will lose historical bid/ask data.

Mike

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  #3 (permalink)
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Big Mike View Post
So I took some heat for a few minutes but using some new EOT tools I felt comfortable in the position so just hung on for a minute.

Which one's build your confidence?

 
  #4 (permalink)
Site Administrator
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Posts: 46,240 since Jun 2009
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Prtester View Post
Which one's build your confidence?

Their VolumeSummary, HighLevelChop and VR4x1 made me feel like I could hang on through the chop. I have the VS and HLC on my smallest chart, and the VR4x1 on my medium chart.

Mike

 
  #5 (permalink)
Site Administrator
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Posts: 46,240 since Jun 2009
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Here are some charts for today, ZN 09-09. Chart times are central time zone.

Remember, ZN is in testing phase for me. I am using the following:

Big chart [trend] = 6765 volume
Medium chart [reversals] = 1597 volume
Small chart [entry] = 4 range

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I use the big chart for trend. Today I was only taking shorts because price was below the trend line all day.

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The medium chart is to pick out reversals. I use the %R to measure the reversal strength.

I can't show my small chart today because I am testing out some EOT stuff and it is totally messed up right now. But I just pick the best entry (first close in right direction) from the 4 range chart.

Mike

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  #6 (permalink)
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just remember we have to break this mindset of "calling trades" because it trains our brain to predict the market and we just cant no matter how much knowledge of world economics we have.not even warren buffet can predict the matket,BUT we dont have to because we are not buying later or swing trading... WE ARE SCALPERS so all we have to know is what "happend" and what is happening right now i mean what is my chart and indicators telling me right now,then trade right now.if its 800am dont worry what will be happening at 930 we dont care we care what is happening at 800.ok thanks for your time...sharky

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  #7 (permalink)
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Hey guys.

Today only took 1 trade on the ZN for just 6 ticks and stopped trading afterward because the market just looked really choppy, and I don't want to trade chop.

The entry was @ 10:58AM EST, 114'300.

Remember, my charts are Central time.

I got out early because the trade was just completely sideways. My initial target was higher and I didn't like how sideways it was going, so exited with 6 ticks to be conservative. I did not re-enter when it jumped up because that's not my signal.

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Also, for some added fun, here is a Renko chart of the ZN today. There is a new thread on Renko here:
https://futures.io/general-discussion/191-renko.html

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Looks like a thing of beauty to me! You can get the new MML indicator in the Murrey Math thread.

Mike

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Need help?
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  #8 (permalink)
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No trades today, I overslept and don't like trading the ZN past lunch.

Here are some charts.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

Unfortunately, I did not take trades yesterday or today. Yesterday I overslept again. Today I am very under the weather.

Here are screen shots for today. Again, charts show Central time zone. I use the 4 range for entry, the 1597 volume for reversals, and the 6765 volume for big picture trend. I am also playing with 3 tick renko for the big picture, so will post that here as well.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


I usually do not trade Friday's. Today I did not even get on the computer until late evening, and boy I'm glad I missed all the chop.

Here are my charts for today.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


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