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:184,281 / 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

  #231 (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

Mind Over Markets

After reading the subject book once, I am going to apply the suggested Business Strategy to my trading venture:

Business Strategy

1. Capital

- Adequately capitalized to begin with
- Conserve it

2. Identify the opportunity and then do the trade (No 100% confirmation)

3. Know your competition (say the Other Timeframe participants)

4. Know Yourself

5. Consistent Daily Execution

6. Inventory

7. Risk (Continual risk evaluation)

8. Goals both short- and long-term

9. Record Keeping and Performance

10. Dedication

Application

Staying in a BUSINESS AS A TRADER! (Trading is like running a Business!)

Step 1: Accept and begin to view trading as a business
Step 2: Develop a comprehensive strategy based on the concepts of successful business management (forms the strategic skill of trading survival)
Step 3: Formulate specific rules and mini-strategies that will help guide and mold your individual trades in order to meet the long-term goals of your trading strategy

I love the Trading Strategy Flow Chart to guide me along .. smile ..

Beth (If you want an e-copy of the book, please private message me with your email address.)


Last edited by wgreenie; May 3rd, 2010 at 01:07 PM.
The following 4 users say Thank You to wgreenie for this post:
 
  #232 (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

sos .. sos please ..

Appreciate guidance on the following please:

1. GomiVolumeLadder Indicator

I went through the indicator script and believe the red and green horizontal boxes above each price bar are High COT and Low COT respectively. I vaguely remember COT may mean Commitment of Trade or Trader (I saw it on a post before). Still have no idea how one can make use of them! Any tips?!!

2. HH/HL/LL/LH

Buy @Higher Lows
Sell @Lower Highs

I understand the set-up literally and have not been able to visualize the signals so far!!!!! If you can explain to me in some layman's terms OR direct me to some simple videos ... It will really help! I feel very stupid but I do not get it LOL!

Big Big Thank YOU in advance!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-high-low-cot.jpg  
 
  #233 (permalink)
Elite Member
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
gfg1's Avatar
 
Posts: 73 since Sep 2009
Thanks: 21 given, 75 received


Big Mike did a video on it, if this is what you are looking for:


Big Mike View Post
I've made a 30 minute video where I mark-up in realtime the HH+HL, LH+LL price action markers on a 6 range chart for CL, and describe entries, stops, and targets.

The video is part of the Price Action thread, check it out here:
https://futures.io/elite-circle/3506-elusive-price-action-how-trade-15.html#post37745

This type of price action is best visualized on a range chart. The thread is also discussing more complex variations of price action which is often best visualized on a 5 minute chart.

Mike


The following 2 users say Thank You to gfg1 for this post:
 
  #234 (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


gfg1 View Post
Big Mike did a video on it, if this is what you are looking for:

My heartfelt thanks gfg1 for answering my sos swiftly! I'm going to watch it after a quick tandem bike ride. FYI: I just finished watching Big Mike's 21 Apr video on CL - what a coincidence that a friend forwarded it to me .. smile ..

I now better understand HH/HL/LL/LH. The entry points suggested by Big Mike in the 21 Apr video are (IF I understand correctly):

1. Long

After a HH and a subsequent HL, one may enter long when price breaks the first HH.

2. Short

After a LL and a subsequent LH, one may enter short when price breaks the first LL.

They're slightly different from my prelim understanding of

Buy @Higher Lows
Sell @Lower Highs

I will watch the suggested May video and may find the answers there. I always welcome guidance and tips .. Thank you again.

Beth

 
  #235 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: CL , 6E
 
Posts: 197 since Jun 2009
Thanks: 752 given, 252 received

Hi Beth , if you want to learn price action , I would suggest Al brooks , I have learned a lot from his book , you may find a lot of free articles on his website , it will give you an idea of his trading style , he runs a live trading room , more on his website .
Brooks Price Action - Home
I have always traded without indicators , only 2 emas , I caught the indicator virus on Mike's website lol , I love looking at them but never been able to trade with them on my charts lol ,
good luck !
soumi

"Risk more than others think safe.
Dream more than others think practical.
Expect more than others think possible.
Care more than others think wise"
The following user says Thank You to soumi71 for this post:
 
  #236 (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


soumi71 View Post
Hi Beth , if you want to learn price action , I would suggest Al brooks , I have learned a lot from his book , you may find a lot of free articles on his website , it will give you an idea of his trading style , he runs a live trading room , more on his website .
Brooks Price Action - Home
I have always traded without indicators , only 2 emas .. ..

Thanks soumi71 for the Al Brooks information. I will check them out! I admire your competence in trading with only 2 EMAs! Congratulations!

My to-do items for the next hour or so: Watching Big Mike's May 1 CL video and visiting IOAMT website.

Enjoy a Nice evening everyone.

Beth

The following user says Thank You to wgreenie for this post:
 
  #237 (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 have a new chart with the Price Action indicator. Questions on HH/HL/LL/LH please:

1. Appreciate comments on the Long and 2 Shorts on the enclosed. Do I get them right?

2. What happen if a subsequent LL or HH does not occur immediately after a LH and HL? For example, will a late comer HH still work (per enclosed), ie a set of LH and LL after a pair of HH and HL? Once I have the answer, I will apply the same rule to a LL scenario.

Thanks for helping me out!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-06-10-5_3_2010-4-range-price-action.jpg  

Last edited by wgreenie; May 3rd, 2010 at 08:25 PM. Reason: Fix my question
 
  #238 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

That PA indicator will lag. I would recommend against using it, you are best served learning to mark them in real time. I welcome your participation in the Price Action thread.

Also, just a brief pause to plug that Al Brooks will be doing a Price Action webinar June 21 on futures.io (formerly BMT), and will hold a Q&A after, and we'll also be giving away autographed books of his "Reading Price Charts Bar By Bar".

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.

The following user says Thank You to Big Mike for this post:
 
  #239 (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
That PA indicator will lag. I would recommend against using it, you are best served learning to mark them in real time. I welcome your participation in the Price Action thread.

Also, just a brief pause to plug that Al Brooks will be doing a Price Action webinar June 21 on futures.io (formerly BMT), and will hold a Q&A after, and we'll also be giving away autographed books of his "Reading Price Charts Bar By Bar".

Mike

Thanks Mike for the heads up. Can't wait for the PA webinar .. haha .. Not sure if I will be one of the lucky ones getting a book (since I seldom won any lucky draws LOL)!

I just watched your May video (thanks to gfg1 again for the link). It's great!! You made it very simple and easy to follow. I understand the logic behind your PA indicator suggestion. Me as a newbie, I probably will LAG more than the indicator. Sincerely hope that you will excuse my keeping it for a while until my Price Action drawing competence has improved.

Beth (grateful)

 
  #240 (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 May 4 Tue


Here it comes ..

I will continue watching the special reference points for high probability trades. May try to apply Price Action HH/HL/LL/LH too .. smile ..

Yesterday's POC 1199.50 is also the Top VOC. Only 2.5 points from previous day's VAH.

Happy & Successful Trading!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-4-may-tue.jpg  

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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 07:19 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 2017-12-16 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.113.250