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Beth's Journey to Make Her Millions
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Beth's Journey to Make Her Millions

  #1001 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Change of Timeframe (Testing Purpose)

This morning I have the following TF charts on:

1. 15-RangeAlt (from 4-Range)

2. 5-minute (same)

3. 15-minute (new)

4. 30-minute (same)

Revised ATM strategy:

1. PT/SL @10 and 13
2. May adjust SL manually after a 5- to 8-tick move TBD

Note: 1 1-contract trade/day

Let's see what may happen.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following user says Thank You to wgreenie for this post:
 
  #1002 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Bingo!

You won't believe it! I'm done for today .. haha ..

One 1-contract trade for 10 ticks LOL! Daily goal accomplished.

I forgot mentioning the logic behind the revised PT/SL 10/13 and 15-Range timeframe. Remember I was visiting the Woodies CCI Club for some weeks incl research and going through their threads. That's what I noticed:

1. They used 5- and 3-minute charts 2-3 years ago.

2. Switched to 15-RangeAlt and have been promoting Range set up ever since.

3. Their suggested PT/SL: 10/13 (If it's a mutiple-contract trade, PT 2 @15 and PT 3 @20 etc. SL to BE after hitting the first PT.)

To trade a high timeframe, I am using a bigger SL cushion. 0.75 reward/risk ratio is fine. Will review more historical data.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-sim-trade-log-18-aug.jpg  
The following 3 users say Thank You to wgreenie for this post:
 
  #1003 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Market Profile (TF)


Initial Balance: 625.20 - 618.00 (7.20 points)
Value Area as at 10:35 am: 624.20 - 621.60 - 620.00 (4.20 points)
Price opened @624.20
Today's High and Low as at 10:35 am: 625.20 - 618.00 (matching IB)
VPOCs: Top 627.20 and Bottom 612.80
Overnight High and Low: 626.80 and 621.40

It's been trading within yesterday's Value Area (630.20 - 623.60) so far. I have a feeling that it may rotate up so as to have a cushion for tomorrow's news (Unemployment Claims and Philly Fed Manufacturing Index).

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-09-10-8_18_2010-30-min-.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1004 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

I've been doing more research and reading since the morning trade. Want to better educate myself when price breaks above or below the Upper/Lower bollinger band. I believe some traders buy/sell there IF Resistance and Support stays intact with other indicators. Actually I think it's along with the Fade the Extreme concept (my favorite).

I'm thrilled to trip over Cory's BBand2 indicator (Regular Downloads section). Thanks Cory! It will come in handy when I start reviewing my systems/indicators in the coming days.

I did another sim trade minutes ago (not to be logged on the official record). PT/SL both @10. I've found bigger timeframe (for this case 15-Range) has its merit though I need to be more patient .. smile .. I don't mind since having 1-2 great trades/day is all I need.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-sim-trade-pm.jpg   Beth's Journey to Make Her Millions-bband2.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1005 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Pre-market Homework for Thu

Price currently trades at 624.00 (over 1.50 points above yesterday's Close @622.20).

Overnight High and Low as at 9:00 am are 628.90 and 620.50 respectively.

Top VPOC 626.30
Bottom VPOC 612.80

Have a Successful day.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-19-aug-thu.jpg  
 
  #1006 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Early Bird's Report .. smile ..

After release of the Unemployment Claims news at 8:30 am, TF dropped about 8 points, ie from 628.90 overnight high to 620.70 (almost matching the overnight low @620.50 and formed DB). I placed a Buy Stop 1 tick above the PP and it's a Green trade LOL! Again, daily goal of 10 ticks accomplished within minutes .. haha ..

I remembered reading some web pages on a bar's Open compare to the previous bar esp if it's making a new high or low incl the Closing position etc etc. I thought I had written down the notes as I would like to study them further. Checked and checked .. they're not on my log .. sigh .. If you have information (easy enough for me to understand) on the same, please drop me a line. Thank you.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-sim-trade-log-19-aug.jpg  
 
  #1007 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Market Profile

Initial Balance: 626.40 - 615.00 (11.40 points)
Value Area as at 10:35 am: 625.80 - 621.20 - 618.20 (7.60 points)
Price opened @624.60
Today's High and Low as at 10:35 am: 626.40 and 614.50
VPOCs: Top 646.50 (626.30 was touched) and Bottom 612.80
Overnight High and Low: 628.90 and 620.50

It opened within yesterday's Value Area (632.10 - 623.50) and yet could not hold for the second 30-minute. Possibly look for Short (align with the major trend) until it rotates up substantially.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-09-10-8_19_2010-30-min-.jpg  
 
  #1008 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

I got a practice opportunity before it closed LOL!

Added a second contract as the risk was very low. Nice to make an extra 5 ticks since the ATM strategy used the predetermined PT/SL 10/13 based on the first contract's entry.

I'm getting to like a higher timeframe more and more .. haha .. Oh, practice only and will not be on the official sim record.

Continue enjoying your day. Will be back tomorrow.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-practice-pm.jpg  
 
  #1009 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Pre-market Homework for Fri

Price currently trades at 605.90 (about 3.5 points below yesterday's Close @609.50).

Overnight High and Low as at 9:10 am are 613.00 and 603.50 respectively.

Top VPOC 611.00
Bottom VPOC ?? (I'd suggest using the overnight Low and Support levels)

Have a Successful day.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-20-aug-fri.jpg  
 
  #1010 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Friday Report


I placed a Sell Stop 1 tick below the LL of the required 5 bars (incl the Set Up one). Waited for 2 bars before its entry. Since the overall trend has been down, I only looked for Short and not Long. Glad that it's another Green .. 3 days in a row.

I'm officially done with my sim trading practice today. Will prepare a weekly recap shortly.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-tf-sim-trade-20-aug.jpg  

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