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

  #1141 (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

Today's IB: 704.90 - 695.10 (9.80 points)

I placed a Buy Stop @705.10 (2 ticks above the Upper IB and not 1 tick at 705.00) when everything still looked green. Unfortunately, it did not have the strength to rally too much. I tightened SL and got hit at 7 ticks (better than 12).

For the subsequent Short, I let it run a little esp when it broke 702.70 (Support on 8R). Well, it did not run as I expected (say 10 ticks more from 702.60). Luckily, I moved SL first at BE (when it broke the Lower Donchian) and 5 ticks (when it broke 8R Support). It's profitable and regained some of the IB ticks.

I'm officially done with my practice. Continue enjoying your 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-tf-19-oct-2-more.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1142 (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 did a breakout trade, ie placing a Sell Stop 1 tick below the Lower OR (happened to be the Support level on 8R). Order filled (1 tick in favor). It dropped 8 ticks and not enough to hit my 12 PT. I adjusted the initial 12 SL to 1 tick above the bar after entry (-2 ticks cushion) when the trade started working. Got hit and 2 ticks to my favor. Sooo, it's a BE trade!

I did think of adjusting SL to BE or 1 tick in favor and chose -2. Plus I have not thought of leaving the initial 12 SL unchanged. Why?

1. I respect my conservative trading preference, ie preserve precious capital is my No 1 goal whenever possible.

2. Choices of BE | +1 | -2 are in fact all acceptable. I'm glad that I ended up with -2 (while the market has been nice to me and gave me 2 ticks upon exit) as it meant I'm more willing to let a trade run and my heart is getting a little bigger .. haha ..

Post-Trade: You can tell from the enclosed that IF I did not adjust the initial SL, PT 12 would be reached. Well, no IF!!

I'm done for today .. early! Plan to clean up the office/bookcases etc. 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-tf-20-oct.jpg  
 
  #1143 (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


Today is a Breakout Day for me!

Upon completion of the Initial Balance (700.30 - 694.20 ), I placed a Buy Stop 1 tick above the Upper IB as I was Long bias. A little surprise when I got an audio alert "Order filled" sooner than I expected. I moved SL twice, ie first -6 (1 tick below the bar after entry) and then +1. IB is 6 points and I planned to close with 9-10 ticks PT. I did!

Well, instead of letting the trade run itself, I did manually manage it since I was around. My bad habit oooo.

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-ib-breakout-20-oct.jpg   Beth's Journey to Make Her Millions-tf-ib-breakout-trade-log.jpg  
 
  #1144 (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

For the enclosed Long, I waited until the historgram bar was above the MACD avg line on 4R (highlighted on Panel 2 of both charts). While I've been using an ATM strategy with PT/SL @12, I also pay attention to the OH and OL red and blue DashDot lines generated by InsideBarv2. Do I let the trade run on its own?

Surprise surprise I did. Mainly because UKNOWHO called and checked on me LOL!

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-afternoon.jpg  
 
  #1145 (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 the enclosed that the breakout trades based on OR (Open Range) and IB (709.50 - 702.80) were all profitable. Seemed to me that most signals have been trade-able this morning when I was on the phone most of the time!

Expect another LD call in the afternoon. Will try my luck tomorrow .. smile ..

Happy & Successful Ticks!

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-12-10-10_21_2010-4-betterrenko-.jpg   Beth's Journey to Make Her Millions-tf-12-10-10_21_2010-8-range-.jpg  
 
  #1146 (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

While waiting for the LD call, I spotted a potential Short, ie breaking the Lower Donchian on 4R. Instead of placing a Sell Stop at 689.00 (1 tick below 689.10), I had one @688.90. It's filled at 689.10 (2 ticks in favor). When it seemed struggling a little around 688.40, I adjusted PT to 8 ticks and got filled. I adjusted the PT because the ADX thick green line has been above DM+ on both charts = may be End Trend.

Note: The red DownTriangle on 4R gave me more confidence that the breakdown may work though not sure how far it would go.

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-21-oct.jpg  
 
  #1147 (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 placed a Sell Stop 1 tick below the Lower Donchian at 698.70. Order filled 1 tick in favor. Hey, seemed like my orders have been filled mostly in favor of me these days .. haha ..

Went as far as 7 ticks (not enough to reach PT 12). I adjust SL twice, ie 1 tick above my entry bar (-3 cushion) and then +1. Well, it's enough for the broker's commission.

Am glad it's another Green week .. even it's sim!

Have a Great and Relaxing week Everyone!

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-22-oct.jpg  
 
  #1148 (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

Believe you have had a Relaxing weekend. Ditto here ..

Bearing the 10:00 am important news in mind, I only started looking for a high probability signal after 10:10 am. Since I was not around, believe it did cause a 4-point drop upon its release. I placed a Sell Stop 1 tick below the Lower Donchian to make sure the momentum would be stronger to my favor. PT was hit within a minute .. no sweat .. no heat .. haha ..

Note: The Long and Close pair was triggered by a strategy.

I really hope that I will soon be able to place a live trade. 1 Great trade a day is what I need. Continue building up my strength LOL!

Have a Successful week.

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-25-oct.jpg  
The following user says Thank You to wgreenie for this post:
 
  #1149 (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 waited again for the release of the 10:00 am news. With a green UpTriangle on both charts, I placed a Buy Stop 1 tick above the Upper Donchian (also the Resistance level on 8R). Order filled and on its way to reach PT 12. I adjusted SL once to 2 ticks in favor.

All indicators continued aligning with the Long yet I did not feel comfortable when it had more selling pressure. Instead of adjusting SL, I moved PT to 8 and closed the trade. You can tell it did reach higher. For me, no regret as it's still a Green trade LOL!

When it's getting close to the Upper Donchian, I did switch to the live account. Unfortunately, I did not have enough confidence that a Long might work as it has been running for 6 points already.

Happy & Successful Ticks!

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-26-oct.jpg  
 
  #1150 (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


Bearing the overnight Low @700.40 in mind, I placed a Sell when most indicators aligned with the breakdown. I did wait for the thick orange ADX line on 8R to hook up/turn green. PT got hit within a minute.

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-tf-27-oct.jpg  

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