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:183,973 / 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

  #471 (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 (IB): 1063.00 - 1069.00 (6 points)
Value Area (VA) as at 10:45 am: 1068.00 - 1066.00 - 1064.50 (3.5 points)
Price opened @1067.25
Today's High and Low as at 12:55 pm: 1058.00 and 1041.25
Overnight High and Low: 1067.50 and 1052.25

So far price has been trading above yesterday's Value Area 1047.00-1056.50. Considering the narrow range so far, I'll expect it will rotate either up or down to extend it to a 2-digit one. Certainly if Mr Market decides to stay within a 1-digit range, we have to respect that too!

Enjoy a Successful day.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-06-10-6_9_2010-30-min-.jpg  
 
  #472 (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

Lesson learned!!

You will see the 3 "CHOP" labels I plotted on the 4-Range chart. Yet I failed to realize "no trade" was an option and rather chose to place 2 trades in such a choppy market. Lesson learned. I will SOH next time or zozozo more .. haha ..

Beth

The following user says Thank You to wgreenie for this post:
 
  #473 (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

Price Action Morning Session


After comparing mine with the ones generated by the PA Swing indicator, I will try to have less labels and focus on the overall trend. Still learning.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-pa-morning-session.jpg  
 
  #474 (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

Price Action - More Swings

Per Dorschden's earlier guidance, I adjusted the calculation size of the PA Swing indicators to 6 (from 8). Now my PA labels match almost 100% of the generated ones.

My question: Based on what would one choose to have more or less swings? Appreciate any tips please. Thank you.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-pa-morning-session-cal-size-fm-8-6-.jpg  
 
  #475 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 342 given, 1,077 received


wgreenie View Post
After comparing mine with the ones generated by the PA Swing indicator, I will try to have less labels and focus on the overall trend. Still learning.

Nothing wrong with your personal labels not matching an indicator. You can make decisions on the fly based on conditions, while the code has hard fast rules. Neither is necessarily right, so just evaluate if your labels were correct at that point in time as if they were on the hard right edge of the chart.

The following 2 users say Thank You to aslan for this post:
 
  #476 (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

Price Action Afternoon Session

I still have more PA labels (after adjusting to have more swings) .. not substantial though. I appreciate Aslan's advice that it's more important on how effective I make use of the labels. Again, a good reminder on the trader (me) and be responsible for the trade decision I make. Thanks again.

I also enclosed a chart with less swings (back to calculate size 8) in case you want a comparison.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-pa-afternoon-session-cal-size-fm-8-6-.jpg   Beth's Journey to Make Her Millions-es-06-10-6_9_2010-4-range-pa.jpg  
 
  #477 (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 Thu

The closest VPOCs are: 1066.50 and 1099.25

Price currently trades aro 1066.00 (10 points above yesterday Close @1055.25). If it opens above 1066.50, we will have 1066.50 as the Bottom VPOC else I will use yesterday Low (1051.25) and close for the bottom reference.

Overnite High and Low (as at 9:00 am): 1069.50 and 1052.25

Note: Based on Jun contracts still. Am trying to merge Jun and Sep ones .. Got an error message. Now waiting for NJ CS to respond.

Happy & Successful Trading.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-10-jun-thu.jpg  
 
  #478 (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 (IB): 1072.00 - 1081.00 (9 points)
Value Area (VA) as at 10:35 am: 1075.00 - 1076.50 - 1080.00 (5 points)
Price opened @1073.25
Today's High and Low as at 10:35 pm: 1081.00 and 1072.00
Overnight High and Low: 1083.25 and 1052.50

With the 10+ points rally overnight, I don't know if it's acceptable to add at least 10 points to today's range?! Well, trade with the Trend and want what Mr Market wants!

Enjoy a Successful day.

Beth (No trade so far as I have some NJ system issues. Will leave for a short errand and try my luck in the afternoon.)

Attached Thumbnails
Beth's Journey to Make Her Millions-es-06-10-6_10_2010-30-min-.jpg  

Last edited by wgreenie; June 10th, 2010 at 02:55 PM. Reason: Overnight High (before 9:30 am) should be 1083.25 (not 1074) .. sorry
 
  #479 (permalink)
Elite Member
Birmingham/UK
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: LMAX/ ADS
Favorite Futures: DAX/ DOW
 
ZCars's Avatar
 
Posts: 142 since Apr 2010
Thanks: 47 given, 102 received

Hi Beth,

I think yesterday was a classic example of why not to follow the trend too closely and always wait, as you say, for confirmation from patterns/ volume/ momentum. I'm sure the collapse and failed breakout caught many out yesterday but there was no evidence in volume and momentum that it would continue in the same direction. I've added the GomVolumeLadder and read this alongside my 5 min charts. I'm finding this is quick and clear to read and keeps me out of choppy trades. Always go the way the volume's heading is my new mantra!

The following user says Thank You to ZCars for this post:
 
  #480 (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



ZCars View Post
Hi Beth,

I think yesterday was a classic example of why not to follow the trend too closely and always wait, as you say, for confirmation from patterns/ volume/ momentum. I'm sure the collapse and failed breakout caught many out yesterday but there was no evidence in volume and momentum that it would continue in the same direction. I've added the GomVolumeLadder and read this alongside my 5 min charts. I'm finding this is quick and clear to read and keeps me out of choppy trades. Always go the way the volume's heading is my new mantra!

Hi ZCars

I had the GomVolumeLadder on for some days before. Seemed to me lots of things going on. Appreciate your sharing (if you don't mind) on which particular plot(s) you have been watching. For example, the 2 ladders on the current bar OR the horizontal boxes up/above or total etc? Thank you.

Beth


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 01:20 PM.

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 54.145.16.43