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

  #1051 (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 601.20 (2 points above yesterday's Close @599.00).

Overnight High and Low as at 8:18 am are 603.40 and 597.60 respectively.

Top VPOC 604.90 (646.50 next on the line)
Bottom VPOC 593.80

We have quite a few high-priority news items this morning incl prelim GDP at 8:30 am and Bernanke's speech at 10:00 am. I probably trade after 10:30 am/11:00 am IF I spot a great signal.

Have a few pick-ups this morning + non-trading errands in the afternoon. Will be a short day for me.

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-27-aug-fri.jpg  
 
  #1052 (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 Trading Report for Fri

Did a crispy Short trade for 8 ticks .. smile ..

Why not the usual 10 PT?

1. The thin red line was not up to 25 yet
2. Long buying tail on the entry bar
3. Last move to 9 ticks before moving back up
4. The first pick-up group will be here in minutes + Medium news (Consumer Sentiment) at 9:55 am

Will prepare the weekly recap shortly. Please stay tuned.

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-27-aug.jpg  
 
  #1053 (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

Weekly Recap


Here it comes (in ticks):

Mon 6 (1 winner)
Tue 12 (1 winner)
Wed 10 (1 winner)
Thu BE (1 winner and 2 losers)
Fri 8 (1 winner)

Total 36 ticks before commission
Commission for 7 x $4.01 = $28.07
$331.93 after commission

Note: You can tell my broker does not get lots of commission LOL!

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:
 
  #1054 (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: 606.90 - 594.00 (12.90 points)
Value Area as at 10:40 am: 604.50 - 600.50 - 597.10 (7.40 points)
Price opened @606.40
Today's High and Low as at 10:40 am: 606.90 - 594.00 (matching IB)
VPOCs: Top 646.50 (604.90 was touched) and Bottom 593.80 (almost gets touched)
Overnight High and Low: 607.40 and 597.60

Down (when the market opened) and Up (Bernanke's talking)!!

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_27_2010-30-min-.jpg  
 
  #1055 (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


cory View Post
bottom line, a) vol increases and price advances (up/down) = normal nothing to worry about.
b) vol increases and price doesnt advance = abnormal, time to pay attention.

I'm trying to better understand the VolumeStop indicator this week. Not 100% yet and would appreciate guidance/confirmation on the following please (Items 1 and 2 were highlighted in the enclosed ellipses):

1. DownVolAlert (red)

Price was making almost DT yet we had a DownVolAlert. Abnormal and need to pay attention.

2. UpVolAlert (blue)

Price was getting very close to the most recent HL. UpVolAlert was normal. No need to pay attention.

3. When price is making HH/HL or LL/LH and we have an UpVolAlert (blue), no need to pay attention.

4. When price is making HH/HL or LL/LH and we have a DownVolAlert (red), abnormal and need to pay attention.

5. When price doesn't advance much and we have either DownVolAlert or UpVolAlert, abnormal and need to pay attention.

Thank you for clearing the clouds in my petite head!

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_27_2010-5-min-.jpg  
 
  #1056 (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

Monthly Recap (Aug)

1. Sim Trades

Weekly Results at a Glance:

2-6 Aug 5 ES and 27 TF ticks (11 winners and 2 losers) | Commission $164.00 | Net $168.50
9-13 Aug 38 TF ticks (10 winners and 2 losers) | Commission $120.00 | Net $160.00
16-20 Aug 48 TF ticks (11 winners and 2 losers) | Commission $52.13 | Net $427.87
23-27 Aug 36 TF ticks (5 winners and 2 losers) | Commission $28.07 | Net $331.93

Monthly Total:

Winning Ticks: 5 ES and 149 TF ticks
No of Winners/Losers: 37 vs 8
Total Commission: $364.20
Net after Commission: $1,088.30

2. Real Trades

12 Aug -6 ticks
26 Aug +5 ticks

Total Commission: $8.02
Net after Commission: -$18.02

3. Overall Performance on Trader: B- (minus because my real account is a baby pinky LOL!)

4. What's Next

System review (incl mapping out what I learned since last summer + Trading Plan) will be made either this weekend or early next week. May take next Mon off as we will be doing multiple errands on Sun IF Nelson feels like driving to Toronto.

Believe you all have a Fruitful month. I consider mine a productive/fruitful one .. smile ..

Take care and enjoy a Lovely weekend.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!

Last edited by wgreenie; August 27th, 2010 at 09:06 PM. Reason: Should be system review .. not overview ..
The following user says Thank You to wgreenie for this post:
 
  #1057 (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

Review on Systems that I really studied/used since May 2009!

Since last May (16 months have lapsed), I came across over 10 systems with the ones I really studied/used on the enclosed recap.

Note: I learned Jeff's All You Need ones (the first thread I read here + read the posts more than twice) and The Wizard's Holy Grail + the newest one The Wizard's Den. Have not included them on the recap because I have not sim-traded the set ups as of this moment. I only listed The Wizard's Hopping Clouds as it's the main set up for signals and entry even I had the other Wizard's set up on.

I looked at the recap and guess what I thought is still missing from the current set ups?!!

I miss a red flag that will signal me to exit early and not waiting for the predetermined SL getting hit. Looking at the current charts I have (incl a 4-Range one on ES), I may replace the 5-minute PASwing one with one that may fill the "early exit" gap. I tried a 5-minute CCI continuation chart before which I did not find useful.

Hmm, let me think and see what option(s) I may come up with.

Continue enjoying your weekend.

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-system-review-aug-2010.pdf  

Last edited by wgreenie; August 28th, 2010 at 04:32 PM. Reason: I had 2 Wizard's systems in Jan/Feb though mainly focussed on The Hopping Clouds one.
 
  #1058 (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

My Trading Plan for the Next Two Weeks

1. Only do real trades (bye bye to sim ones UFN)

i. Daily Goal: 10 ticks
ii. Daily Loss: 15 ticks
iii. Maximum No of Trades: 3 (ideally 1-2)
iv. PT/SL: 10/13 (ideally early exit @BE or maximum -5 ticks when a trade is not working)
v. SOH

a. when I do not get a valid signal

b. I am not certain if it's a high probability trade

c. 15 mins before and after high-priority news

Note: It's fine if I do not trade on a daily basis.

2. Trading Hours:

i. Between 9:45 am and 12:00 noon (may take occasional early trades when they look extremely profitable)
ii. 2:45 pm to 3:30 pm (Optional)

Note: A longer lunch break to accommodate more non-trading activities such as a short nap (unlikely), exercise (high chance) and reading (likely). Really strive to stay away from the computer for a few hours!

3. Trading Instrument: TF

4. Set Ups (most stay as-is)

i. TF

a. 15-RangeAlt (Primary)
b. 15-minute Inside Bar
c. 30-minute Market Profile (incl Mon-Fri daily homework)
c. 5-minute PASwing (to be replaced by ??)

ii. ES

a. 4-Range (market trend)

Time for our tandem bike ride. It's warm and sunny (not cold) here .. smile ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following 3 users say Thank You to wgreenie for this post:
 
  #1059 (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 Mon

Price currently trades aro 614.00 area (over 3 points below Fri Close @617.30).

Overnight High and Low as at 9:15 am are 624.50 and 613.30 respectively.

Top VPOC 646.50
Bottom VPOC 609.20

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-30-aug-mon.jpg  
 
  #1060 (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

Revision to My Trade/Money Management Section



Quoting 
1. Only do real trades (bye bye to sim ones UFN)

i. Daily Goal: 10 ticks
ii. Daily Loss: 15 ticks
iii. Maximum No of Trades: 3 (ideally 1-2)
iv. PT/SL: 10/13 (ideally early exit @BE or maximum -5 ticks when a trade is not working)

Almost forgot having weekly goals will have more positive impact. Here it comes the revised version:

i. Weekly Goal: 30-40 ticks
ii. Weekly Loss: Within 1/3 of the gained ticks
iii. Maximum No of Trades/day: 3 (to safeguard over-trading as a start)
iv) PT/SL: 10/13 (will strive to adjust PT for an early exit and not having SL got hit)

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!

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