Beth's Journey to Make Her Millions - Trading Journals | futures io social day trading
futures io futures trading


Beth's Journey to Make Her Millions
Updated: Views / Replies:183,967 / 1,776
Created: by wgreenie Attachments:877

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 877  
 
Thread Tools Search this Thread
 

Beth's Journey to Make Her Millions

  #1061 (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: 615.40 - 609.90 (5.5 points)
Value Area as at 10:50 am: 615.20 - 612.70 - 611.90 (3.30 points)
Price opened @612.40
Today's High and Low as at 10:50 am: 615.40 - 609.80
VPOCs: Top 646.50 and Bottom 609.20 (almost gets touched)
Overnight High and Low: 624.50 and 612.40

Price opened above Friday's Value Area (611.40 and 599.80) and I was looking for Long. Yet it's very undecided on the 15-RangeAlt chart with a short opportunity when it broke LL 611.80. No trade as of this moment.

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_30_2010-30-min-.jpg  
 
  #1062 (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

2 short opportunities (per enclosed) this morning which I chose not to take them.

1. First Short around 10:20 am when price broke LL 611.80. To me price movement has been very undecided for the first hour, I chose to pass.

2. Second Short around 11:40 am when price broke LL 609.80. Daily PP @609.50 and VPOC @609.20. Seemed lots of obstacles on the way. I was thinking of placing a Sell Stop @608.90. I ended up SOH and choose to wait for another clean signal.

Note:

I have a 150 tick chart (replacing the former 5-minute one) which caused confusion for the first hour. Apparently it triggered more signals + the set up is not the 15-RangeAlt one. I then realized its purpose is to detect warning for an early exit .. NOT for entry and I should focus on the 15-RangeAlt one.

Maybe it's not the right candidate to fill the gap. I tried 4-Range and 5-minute before which did not work for me. I'm going to replace the 150 tick chart with one between 6-8-Range using the 15-RangeAlt set up in the afternoon. Possibly an orientation session and not placing any real trades. Will see.

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_30_2010-15-rangealt-.jpg  
 
  #1063 (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


You can tell from my earlier post that I tried OHLC on my main chart .. oooooo Using a 150-tick chart this morning gave me an idea. I just replaced the regular candle bar/OHLC with one that will tell me whether it's bearish/bullish and neutral. Sorry still playing around to fill "the gap" 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_30_2010-15-rangealt-different-candles.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1064 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,599 received
Forum Reputation: Legendary

Some thoughts on TF

Chart 1: Looking at the larger picture. The blue areas are 3-day-rolling pivot ranges. They show that the downtrend has ended after the strong upmove on Friday. Today's pivot range is extremely wide. This increases the odds for a balancing day. The wide pivot range itself, in particular the pivot 3-PP should act as support. I expect a retracement to the 38.2% or 50% line. This would still be bullish.

Chart 2: The Asian Session was up. The European Session (gray range) moved around Friday's close. The opening range was established below the European Session Range. Price broke out to the downside and then retraced to the middle of the opening range. Now sitting at support in the middle of the daily pivot range.

The volume today is low. There are no exciting news to come in the afternoon. I would not be astonished if we see a mean reversion day today. This scenario would be validated by a trend line break. If a trendline break of the current downtrend does not occur, this scenario becomes increasingly unlikely.

Attached Thumbnails
Beth's Journey to Make Her Millions-chart-1-rolling-pivots-fib-retracement.jpg   Beth's Journey to Make Her Millions-chart-2-daily-pivots-opening-range.jpg  
The following user says Thank You to Fat Tails for this post:
 
  #1065 (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

Thanks Fat Tails for sharing his TF thoughts with me. It's a great reminder that I should learn more on Trendline break soon. I still have David R's notes/charts on my to-do list. I did go through them before (incl the sym lessons) and my head spinned ... Well, a friend shared his RSI set up with me and I still have a big head understanding the signals.

I'm quite content staying with the set ups I understand though love to explore more. Guess I cannot push my brains to work too hard LOL!

I did 2 quick sim trades based on the new comer (6-Range), ie

1. First short based on its breaking S/R 609.40
2. Second short based on its breaking LL 607.90 (I've been waiting for the break since 11:45 am)

Too bad they happened during lunch! PT/SL for 6-Range 6/8 (may have to adjust them after getting more experience) and PT 8 for the second trade since lunch time has not been my favorite trading time. I will be waiting for a great signal around 2:45 pm .. smile ..

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-entry-n-exit-charts.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1066 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,599 received
Forum Reputation: Legendary

You are absolutely right. Don't follow any distractions, but follow your known setups.

I think that my idea was wrong so far. There is no trendline break.

Scenario not supported by price

This is the most important question ever, is you scenario supported by price? My scenario of a mean reversion day clearly is not supported by price, so it is no longer valid.

I am glad that I referred to the trendline break in my first post, so I do not need to feel like a complete idiot now.

I very much appreciate your thread, so posting here from time to time.

Attached Thumbnails
Beth's Journey to Make Her Millions-tf-09-10-15-min-30_08_2010.jpg  
The following user says Thank You to Fat Tails for this post:
 
  #1067 (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

2 more sim trades (both Short) to end the day, ie

1. First one based on its breaking Extreme OS (-2/8) @ 605.5

2. Second one based on its breaking the most recent LL @605.1 (entered @604.9)

3. Both with the same PT/SL @6 and 8

Note:

1. I placed both Sell stop orders before falling zozozo.

2. Both were triggered though not sure why the second trade ended up closing at the same price as the first trade. Will investigate.

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-pm-sim-trades-30-aug.jpg  
 
  #1068 (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


Fat Tails View Post
You are absolutely right. Don't follow any distractions, but follow your known setups.

I think that my idea was wrong so far. There is no trendline break.

Scenario not supported by price

This is the most important question ever, is you scenario supported by price? My scenario of a mean reversion day clearly is not supported by price, so it is no longer valid.

I am glad that I referred to the trendline break in my first post, so I do not need to feel like a complete idiot now.

I very much appreciate your thread, so posting here from time to time.

Thanks Fat Tails for visiting + sharing your ideas with us.

I was distracted this morning even I used a set up (for the 150-tick chart) that I am quite familiar with (it's the KwikPop one which I used to sim-trade ES/YM between Nov and Jan). I felt like a complete fool trying to manage 2 different set ups (even both are price-driven) on 2 different timeframes - Mission impossible for me! Very scary too as I thought I may have to start my system search all over again - gosh ..

After an hour of mental struggles, I realized my stupidity and chose to replace it with one that's closer to the main set up. Another realization (very important): I should be able to identity a warning or warnings for an early exit using the existing set up and NOT looking for something substantially new. For example,

1. The 2 DM+/- thin lines (expansion, contraction and their hooking up/down)
2. ADX and FI may switch color back-and-forth

Sooo, I've decided to pay more attention to the existing indicators (incl price movement) on both 6R and 15R charts and stop searching for one that may fill my so-called gap.

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:
 
  #1069 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


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

What were your thoughts behind this rule? And your thoughts now? Only trying to help

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.

 
  #1070 (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



Big Mike View Post
What were your thoughts behind this rule? And your thoughts now? Only trying to help

Mike

Hi Mike

Sim-trading has been helping me to gain confidence, test out my understanding on certain set ups incl trade/money management strategies. Since I was using different charts today (replacing the former 5-minute chart with first a 150-tick one (which turned out to be a petite disaster as the signals conflicted with the 15-RangeAlt trend) and then a 6-Range one, I did not feel comfortable to do real trades with the change. Certainly PT/SL 6/8 seems quite reasonable if I am taking trades using the 6-Range one - though the signals have to align with the 15-Range direction or price movement.

Sim-trading is very different from real trading when $$ are really at stake. Sim-trade performance over 85% is "impressive" yet I am uncertain if my real trade performance may get close to even 60%. Doubt has caused my earlier indicator search .. sigh ..

I have lots of internal dialogues these days/nights. I also mapped out different performance scenarios based on my sim-trade results for the past few months. I should be doing fine yet I still have an invisible doubt .. Maybe it's normal until I have more real trade experience. Well, I cannot sim-trade forever as it does not help my psyche anymore. Soooo I included it in the trading plan .. bye bye to sim trades, ie either real trade or no trade!

Today was an exception or excuse not to trade real. For the former aggressive me, I would go for it. For the present reserved me, I chose not to stress myself and gave myself some time to know the new comer LOL!

I am not one enjoying rules and boundaries. To be a successful/humble trader, I am doing my very best to adapt.

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:

Closed Thread



futures io > > > Beth's Journey to Make Her Millions

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
AR01 Our Journey AR01 Elite Trading Journals 226 January 31st, 2012 02:52 AM
When milliseconds make millions Big Mike News and Current Events 2 July 31st, 2011 07:28 AM
US Taxpayers Paying Millions For Fannie, Freddie Lawsuits Quick Summary News and Current Events 0 January 24th, 2011 12:20 PM
Verizon to Refund Millions of Customers for False Charges Quick Summary News and Current Events 0 October 3rd, 2010 07:50 PM
Welcome to My Journey! trader1512 Trading Journals 5 April 14th, 2010 09:56 AM


All times are GMT -4. The time now is 11:45 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-11 in 0.15 seconds with 20 queries on phoenix via your IP 54.82.81.154