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

  #581 (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 haven't forgotten my Sim Log LOL!

Goal Accomplished: An A+ trade in my mind and B+ for me .. haha ..

Emotion-wise: Very relaxed with minimal heat even I chose to adjust the second PT.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-sim-trade-log-23-jun.jpg   Beth's Journey to Make Her Millions-es-sim-trade-23-jun.jpg  
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  #582 (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

In addition to price label plotting, guess what I did??

Not dancing on the chair .. smile .. I accomplished the following:

1. Price Action Swing Indicator

Remember it generates price labels automatically! I really love this indicator. A trading friend created an ABC Long indicator for me to complement it. I adapted it to an ABC Short one too. As I only have 2 change quotas this weekend, I tried my very best to combine these three into one. Mission 99% completed and they are now ONE with some minor bugs that I can live with.

2. True Duck Story

I just shared it in one of the anniversary gift threads. Certainly will be nice to win 3 months free DTN/IQFeed data. More important, however, the story has reminded me how lucky I am to uncover Big Mike and You!!

If interested to have a glimpse of the story, please visit the following:

https://futures.io/feedback-announcements/3844-enter-win-three-months-free-iqfeed-data-service-3.html (Post #25 on Page 3)

Time to take a break .. smile ..

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-pa-afternoon.jpg  

Last edited by wgreenie; June 23rd, 2010 at 06:31 PM. Reason: Added the True Duck Story link.
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  #583 (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


Price currently trades at 1081.75 (down 5+ points from yesterday's Close @1087.00. No more important news today.

Top VPOC 1087.25
Bottom VPOC 1079.00

Overnight High & Low as at 9:08 am: 1091.00 and 1077.00

Note: I have 3 VPOCs bolded in the enclosed and really depend on the Open Price.

Have a Successful day.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-24-jun-thu.jpg  
 
  #584 (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

Early Weekly Recap on Real Trades incl Today's

This morning I did a real semi-auto TF trade. To run a strategy in the background (with over 2 months observation on its performance), I'm quite comfy to follow the signal after a quick glimpse on the SMA crossover and MACDBB. It's a profitable trade $75.99 after commission. Unfortunately the strategy's SL got hit. There is NO 100% profitable strategy out there .. at least that's what I believe.

Emotion: My heart does not race as much (almost normal) even the trade went against me $200 at one point. Yet my palms were a little numb after closing the position. A big improvement IMHO. Certainly if I was calmer, I would not close the position that early and could have stayed for another $200 gains. Well, NO ifs and could have .. haha ..

What I did differently? Actually I started having music since yesterday and I sang along too. Sorry that I forgot mentioning the same yesterday.

Here it comes my weekly recap for my real trades:

Mon $85.99 (TF)
Tue $46.00 (ES)
Wed $33.50 (ES)
Thu $75.99 (TF)

Total $241.48 after commission

Note: I am NOT going to do real trades anymore this week. Am extremely thrilled LOL .. enough to pay for the 3-month NJ subscription + 50% of this week's groceries.

Beth (happy)

Attached Thumbnails
Beth's Journey to Make Her Millions-tf-24-jun.jpg   Beth's Journey to Make Her Millions-tf-24-jun-real-trade.jpg  
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  #585 (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: 1074.00 - 1083.75 (9.75 points)
Value Area as at 10:50 am: 1081.50 - 1079.00 - 1075.00 (6.5 points)
Price opened @1082.50
Today's High and Low as at 10:50 am: 1083.75 and 1073.50 (10.25 points)
VPOCs: Top 1087.25 and Bottom 1062.00 (1079 was touched)

Overnight High and Low: 1091.00 and 1077.00

Considering the 5-point gap down this morning, I still expect a rotation Up or Down to extend the daily range a little. Let's see what may happen.

Want What the Market Wants!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-09-10-6_24_2010-30-min-.jpg  
 
  #586 (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

Sim Trading Morning on Thu

I've been working extremely hard this morning .. even I spent over 2 hours on a new thread I uncovered last night .. couldn't stop reading all posts before zozozo after 12:30 am LOL. I even dreamed of the inside/outside/reversal bars .. oooooo

Goal Accomplished: All A or A- trades yet they're not all profitable!! Why? It's the trader (me) who accounted for its execution. Will do better I promise .. smile ..

Note: Since I have started doing occasional real trades, I need to figure out how to have a balanced trading day while continuing my sim-trade practice. Will include this in my weekend review.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-sim-trade-log-24-jun.jpg   Beth's Journey to Make Her Millions-es-09-10-6_24_2010-4-range-.jpg   Beth's Journey to Make Her Millions-es-09-10-6_24_2010-4-range-vol.jpg  
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  #587 (permalink)
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Platform: NinjaTrader
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Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Three Set Ups Thread by Jeff (creator of the All You Need Thread)

I'm extremely thrilled when I uncovered the subject last night. You too!

I learned about some bar patterns last May (home study Futures program) though they're complicated for me then. Jeff has made the three set ups very easy to understand esp the inside and outside bar ones. I hope he won't mind my adding the following to his simple chart:

- Price Action Swing ABC
- MACDBB

Note: The yellow inside bar at 10:15 does generate over 10-tick PT.

You may want to check it out. Enjoy!

https://futures.io/journals-daily-charts-tape-reading/4183-three-set-ups.html

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-cl-08-10-6_24_2010-15-min-.jpg  
 
  #588 (permalink)
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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

For the 4-Range set-up, I plan to make the following two changes this weekend (final decision to be made this Sun):

- replace Snapback with MACDBB
- add Price Action Swing ABC

Once I have the PASwingABC indicator on, I will only add PA labels on an as required basis (since my interpretation often generates more than the system ones). Will not post chart comparison and may post EOD 4-Range chart instead (unless it needs morning and afternoon ones). Let's play it by ear.

Continue enjoying your day. For me, I am going to feed my belly (combo of breakfast and lunch) and laundry etc etc ..

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-pa-morning.jpg  
 
  #589 (permalink)
Elite Member
Ontario
 
Futures Experience: Intermediate
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Broker/Data: Mirus/ZF
Favorite Futures: ES, 6E, CL
 
jungian's Avatar
 
Posts: 99 since Aug 2009
Thanks: 89 given, 250 received

Great Week

Beth

A great week! It's great to see your progress from sim to real.

What's even greater is you treated your sim very very seriously and didn't 'pretend' or 'cheat' on your results.

Its awesome that your real trade results match your sim results very closely.

Small and steady gains prove you have the discipline to stick to your plan which is VERY important I think. That and ofcourse having a proven edge.

This quote from member Jaguar52 made a lot of sense to me and inspired me to set realistic goals rather than 'shooting for the moon'

post#39

https://futures.io/vendors-commercial-products/1193-experience-live-trading-rooms-4.html#post34071

Quoting from Jaguar52's post:

"Those who make it in this are really the loners, the one's out there on the fringes doing their own thing, doing things their own way, at their own pace, using their own brains, making small steady gains, and being patient. If you can accept $50 a day 4 out of 5 days a week as a good day in the beginning, then you have a chance. Eventually after 4 or 5 years, many traders who succeeded came to this point and started to accept consistency over lucky strikes, steady gains with controlled losses over huge gains and huge losses. Many just got off the roller coaster and started to walk one step at a time.


Sounds like you Beth...$50 a day 4 out of 5 days a week

All the best!
Good work!

Jungian

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  #590 (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



jungian View Post
... Sounds like you Beth...$50 a day 4 out of 5 days a week

Hi Jungian

No wonder I was sneezing earlier! Someone (you) was thinking of me LOL!

My heartfelt thanks for your guidance, support and encouragement all along. Monday (my first real trade) was very very scary (like watching a "horror" movie which I seldom do), got a little better on Tuesday, yesterday was quite smooth, and today I am doing fine. I do not have time to reflect what I went through yet. Will do a more in-depth review (+ an internal dialogue) this weekend.

Note: It's not the trades that worried/scared me as they were based on good set-ups (at least at the entry point). Was it fear of losing $$? It's not the main scary factor as I had and will always have predetermined PT/SL, ie an acceptable cushion to safeguard any unexpected losses. My guess: lack of real-trade experience + my psyche is still haunted by what happened in the past when I lacked of discipline, focus, trading knowledge, ... + all the basic things that one must learn before trading.

I will continue my pursuit to be a Humble trader who will stay focussed and disciplined. Thanks Jungian and everyone for witnessing my growth and occasional hiccups.

Beth

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