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

  #901 (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: 1120.50 - 1113.25 (7.25 points)
Value Area as at 11:00 am: 1119.75 - 1116.75 - 1115.25 (4.50 points)
Price opened @1119.75
Today's High and Low as at 11:00 am: 1120.50 - 1113.25 (matching IB)
VPOCs: Top 1128.50 and Bottom 1095.00 (1119.00 was touched)
Overnight High and Low: 1122.25 and 1116.75

I expect Mr Market will rotate either Up or Down to extend the daily range. It's trading within yesterday's VA so far.

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-es-09-10-8_3_2010-30-min-.jpg  
 
  #902 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
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ES Sim Trade Morning

The highlighted Long met the entry requirement (Method 1), ie

1. EMA(20) blue Up trend
2. EMA(5) black up at least 2 bars
3. Set up bar (in ellipse) Low touching EMA(5) black
4. Set up bar High > EMA(20) blue
5. FI Green
6. ADX Green and above 25

Instead of placing a Buy Stop 1 tick above the HH of the past 5 bars (incl Set up bar) which should be 1120.50, I waited until it broke 1120.75 (High of this morning). It did and I got in at 1120.50. I also adjusted 6-tick SL to 7 ticks @1118.75 (noticed support @1119.00). Took some heat and thought I adjusted PTs from 4/8 to 2/6 (tightened PT by 2 ticks). It's a surprise that both contracts were closed when PT 2 was hit. Well, I will read the BT manual to better understand how it works.

Note: It did hit the revised second PT 6 if I programmed my strategy right.

4 ticks for the first sim 2-contract trade using the revised set up. Done with the morning session and will be back EOD for the afternoon recap.

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-es-sim-trade-log-3-aug-morning.jpg   Beth's Journey to Make Her Millions-es-09-10-8_3_2010-4-range-.jpg  
 
  #903 (permalink)
Elite Member
Rechovot
 
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wgreenie View Post
The highlighted Long met the entry requirement (Method 1), ie

1. EMA(20) blue Up trend
2. EMA(5) black up at least 2 bars
3. Set up bar (in ellipse) Low touching EMA(5) black
4. Set up bar High > EMA(20) blue
5. FI Green
6. ADX Green and above 25

Instead of placing a Buy Stop 1 tick above the HH of the past 5 bars (incl Set up bar) which should be 1120.50, I waited until it broke 1120.75 (High of this morning). It did and I got in at 1120.50. I also adjusted 6-tick SL to 7 ticks @1118.75 (noticed support @1119.00). Took some heat and thought I adjusted PTs from 4/8 to 2/6 (tightened PT by 2 ticks). It's a surprise that both contracts were closed when PT 2 was hit. Well, I will read the BT manual to better understand how it works.

Note: It did hit the revised second PT 6 if I programmed my strategy right.

4 ticks for the first sim 2-contract trade using the revised set up. Done with the morning session and will be back EOD for the afternoon recap.

Beth

Why are you waiting so long to get into a trade, you are getting in at the END of the trend and should be getting in at the beginning which was around the 1115 - 1117 mark.

The following user says Thank You to perryg for this post:
 
  #904 (permalink)
 Vendor: www.ezcolortrading.com 
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perryg View Post
Why are you waiting so long to get into a trade, you are getting in at the END of the trend and should be getting in at the beginning which was around the 1115 - 1117 mark.

We had lab tests this morning and the earliest trade opportunity was the one I took ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #905 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
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Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Revised ES Sim Trade Log

To make Perry "happier", I spotted a Short signal LOL (details per enclosed).

Revised morning log:

1 Long 4 ticks
1 Short 10 ticks

Total 14 ticks before commission

Am now officially closed down for a lunch break. Will resume trading after 1:45 pm.

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-revised-es-sim-trade-log-3-aug-morning-session.jpg   Beth's Journey to Make Her Millions-es-09-10-8_3_2010-4-range-morning.jpg  
 
  #906 (permalink)
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wgreenie View Post
To make Perry "happier", I spotted a Short signal LOL (details per enclosed).

Revised morning log:

1 Long 4 ticks
1 Short 10 ticks

Total 14 ticks before commission

Am now officially closed down for a lunch break. Will resume trading after 1:45 pm.

Beth

You have made my day !!!!!!. Thats the way to trade

The following user says Thank You to perryg for this post:
 
  #907 (permalink)
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For the record:

1. I resolved the PT/SL strategy myth. I forgot to check "2-step" for the Exit Mode for multiple-contract trades ... ooooo

2. If it's 14 ticks/morning for cash, I will be extremely thrilled and close for the day.

To get myself more comfy with the signals, I will continue doing more sim trade practice.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #908 (permalink)
 Vendor: www.ezcolortrading.com 
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Quoting 
BUT looking at the ADX which is already ABOVE both DM+ lines, it is telling you that you are at the end of the trend, and it would have been better to stay out and wait for a better opportunity. That is also part of trading.

For my learning purpose, I would like to document Perry's "Do Not Trade" suggestion. You will see the ADX/DMI indicator on Panel 4. I do not have it on my chart because I did not know how to benefit from it. Having read Perry's thread again over the weekend, I have a better idea (not 100% until now).

With Perry's today note, I "finally" can see how I may safeguard late entry and CHOP. Please note the following:

1. ADX = thick green/orange line

2. +DI = thin green line

3. -DI = thin red line

4. When ADX thick green line is above both +DI/-DI lines, we maybe close to the end of the existing Trend. Better SOH and wait for a better opportunity as Perry suggested. I agree 1,000,000,..% now that I understand.

5. When ADX thick orange line is below both +DI/-DI lines, we are in a choppy zone. Again SOH.

Now my challenge: Should I add this useful indicator to my chart? Or replace MACDBB with the same? Or stay as-is!

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-es-09-10-8_3_2010-4-range-adx-end-trend.jpg  
 
  #909 (permalink)
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wgreenie View Post
For my learning purpose, I would like to document Perry's "Do Not Trade" suggestion. You will see the ADX/DMI indicator on Panel 4. I do not have it on my chart because I did not know how to benefit from it. Having read Perry's thread again over the weekend, I have a better idea (not 100% until now).

With Perry's today note, I "finally" can see how I may safeguard late entry and CHOP. Please note the following:

1. ADX = thick green/orange line

2. +DI = thin green line

3. -DI = thin red line

4. When ADX thick green line is above both +DI/-DI lines, we maybe close to the end of the existing Trend. Better SOH and wait for a better opportunity as Perry suggested. I agree 1,000,000,..% now that I understand.

5. When ADX thick orange line is below both +DI/-DI lines, we are in a choppy zone. Again SOH.

Now my challenge: Should I add this useful indicator to my chart? Or replace MACDBB with the same? Or stay as-is!

Beth

Beth,

Trade and use what is good for you. I have given this forum a whole lot of tools with a lot of explanations what each one can and cannot do, so use what you feel works for you. My only suggestions is cut down on indicators and make trading easy.

The following user says Thank You to perryg for this post:
 
  #910 (permalink)
Market Wizard
virginia
 
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wgreenie View Post
The highlighted Long met the entry requirement (Method 1), ie

1. EMA(20) blue Up trend
2. EMA(5) black up at least 2 bars
3. Set up bar (in ellipse) Low touching EMA(5) black
4. Set up bar High > EMA(20) blue
5. FI Green
6. ADX Green and above 25

Instead of p. ...

Beth

there are 6 filters already any more filter sounds like overkill, I vote for getting rid of MACDBB since you don't use it.

The following user says Thank You to cory for this post:

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