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

  #1691 (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

Recap for the Second Week

I did a few CL trades today. The only regret was "not" capturing more pips when my PT 12 was touched a few times and not filled. My SL +1 was hit instead. Still rusty in exercising an executive decision to exit early. I tried for the last trade and forgot if I was in a short or long position. Then too late when SL was hit.

Well, at least I had the intention to try ..

It's a fruitful week (even it's pink) because of the following:

1. I have been more willing to submit trades (my reluctance to shoot may get healed upon completion of the program).

2. I have identified a few critical areas for improvement (they're not new yet have become more obvious to me now).

3. Certainly, I have a better understanding on A+ signals which very often work out right away while the D ones will either stall or go against my direction within milliseconds.

4. Emotion-wise: I do not take losing trades very personal this week even I missed the warning.

Guess what's next?

Performance review time lol + enjoying a Relaxing long weekend. You2! Have a Lovely weekend.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1692 (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 market replayed CL this afternoon. Early morning 1-hour session +50 pips (8 2-contract trades) and RTH +60 pips (9 trades all supposed to be 2-contract ones with one trade only got 1 contract filled). As soon as I FF the session to 8:00 am .. my early morning trade log disappeared. Well, quite consistent and the losing trades were chasing ones when I was a bar late lol!

I have FOCUS and DISCIPLINE on a cute poster. Now I need a visible one reminding me NOT TO CHASE!!

Time to rock in the coming week .. up or down your guess .. haha ..

Have a Nice Sun/Great week ahead.

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-market-replay-cl.jpg  
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  #1693 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received


Beth, very impressive result. Are you still using the 3-range HA bars?

 
  #1694 (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


omaha786 View Post
Beth, very impressive result. Are you still using the 3-range HA bars?

Thanks Omaha! I have been using 5-RangeNoGap for some weeks now. CL in 3-Range has been a little too fast for me + I want to stay in a trade longer than just making 5 pips. Currently I am using the following ATM strategies:

1st Contract: PT/SL @10/8 (adjust SL to BE after 6, then +2 after 8 and 1 pip trail)
2nd Contract: SL @8 and no predetermined PT (same BE/trail as the 1st contract)

For the MT4 training platform, I am using PT/SL @15/10. Have to manage a trade manually as it does not offer similar NT features .. sigh ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1695 (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

Time to enjoy a big laugh .. smile ..

I did 4 CL trades yesterday (made over 620 pips) and 3 this morning (40+ pips). I made 620 pips because I did 20-contract trades lol .. haha .. Just for fun when the market was slow. I mentally removed a "0" as it's more practical to do 2-contract ones.

When the second trade (this morning) did not look good, I tried to exit -2/-3. Succeeded in exiting one and the second contract stayed at the original SL (not sure why) and I was unable to adjust it. Well, we know CL is a beast and goes up 3-4 pips within milliseconds. I am reluctant to trade CL on MT4 because it does not come with an ATM strategy feature + manually dragging SL/PT = human operation mishap.

Enclosed turtle reminds me "No Chasing". I have it right in front of me. No chasing this week so far .. smile ..

It was raining yesterday and UKNOWHO dragged me out to enjoy an A&W dinner. I enjoyed it! Now I have a running nose ..

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-cl-26-apr.jpg   Beth's Journey to Make Her Millions-no-chasing-please.jpg  
 
  #1696 (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 First 6E Winning Trade this month

I didn't have much luck with 6E this month. Took weeks and finally a green 6E trade (even it's sim) .. It's getting so close to fill my first PT 10 .. then adjusted SL +5 was hit. It did go up 25+ pips after my exit.

I'm happy that it's Green. Hands free when I am quite comfy with the ATM strategies. Oh, I only interfere when a trade does not look promising .. not when it's working. See see I am learning to let it run .. haha ..

Being in the program for over 2 weeks, the most beneficial learning insight has been "1-2 good trades/morning is all I need! To accomplish this daily goal, I will stay focussed and disciplined and only consider high probability signals. No pressing from my end. When I am late to the party, no chasing and patiently wait for the next signal. If it does not come by the end of the trading session, tomorrow will be a better 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-6e-26-apr.jpg  
 
  #1697 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
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wgreenie View Post
I didn't have much luck with 6E this month. Took weeks and finally a green 6E trade (even it's sim) .. It's getting so close to fill my first PT 10 .. then adjusted SL +5 was hit. It did go up 25+ pips after my exit.

I'm happy that it's Green. Hands free when I am quite comfy with the ATM strategies. Oh, I only interfere when a trade does not look promising .. not when it's working. See see I am learning to let it run .. haha ..

Being in the program for over 2 weeks, the most beneficial learning insight has been "1-2 good trades/morning is all I need! To accomplish this daily goal, I will stay focussed and disciplined and only consider high probability signals. No pressing from my end. When I am late to the party, no chasing and patiently wait for the next signal. If it does not come by the end of the trading session, tomorrow will be a better day. "

Beth

sounds good!!...patience

 
  #1698 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received


wgreenie View Post
Being in the program for over 2 weeks, the most beneficial learning insight has been "1-2 good trades/morning is all I need! To accomplish this daily goal, I will stay focussed and disciplined and only consider high probability signals. No pressing from my end. When I am late to the party, no chasing and patiently wait for the next signal. If it does not come by the end of the trading session, tomorrow will be a better day. "

Beth

All the successful traders I have known over the years (prop as well as retail) made the bulk of their $ in the first hour of trading. If you can't make $ in the first hour, forget it.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #1699 (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

Maybe I made all my trading mistakes last week (confession: incl switching to a friend's profitable system last Thu when all my trades were red .. the new system did not speak to me). I am happy with my performance these two days. I made over 70 pips this morning. NT is the platform to trade CL and not MT4 unless one has an add-on application to manage the trades.

Note for the trade in red box: It's based on false breakout. Went +2 before I decided to exit early.

My cold starts to get me .. running nose and fever now. Time to rest so that I will work on more 6E trades for the training program tomorrow. I have more fun with CL 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-26-apr.jpg  
 
  #1700 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


Great to see some action.

But don't trade with 20 cars in sim. It messes up your mind. Completely.

It's nice to see those big numbers, but remember they can be big in the red too. You only trade 20 cars when your account is big enough for 20 car. So if you say $10.000 for 1 contract traders, that's an account of $200.000, even some say (including me) that on CL you need at least $25.000 for a 1 or 2 car trader, that means what ? Trading 20 cars on CL put's you into the $250.000 to $500.000 account traders. Are you going to be that wgreenie ? honestly ?

The problem is when you pull those big numbers you think you can do it with a small account, it's possible, but take my word for it, it will not happen.

Don't go there wgreenie, you will one day take the risque of trading big lots with small accounts and it will be BOOM! gone !

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