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

  #931 (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

ES Sim Trades on Thu Morning

I am an early bird today and did 2 trades already .. both Green and total 7 ticks before commission.

That's what I like ..

Trade Recap:

1. Both A grade (not counting my EMA preference).

2. Calm and Relaxed throughout. The first trade would still work out if I did not choose to exit early. Having said that, I need to respect my preference.

I will work on some non-trading issues for the next hour or so. Will resume spotting high probability trades after that.

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-5-aug.jpg   Beth's Journey to Make Her Millions-es-chart-5-aug.jpg  
The following user says Thank You to wgreenie for this post:
 
  #932 (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: 1122.25 - 1115.50 (6.75 points)
Value Area as at 10:45 am: 1122.00 - 1119.00 - 1117.50 (4.50 points)
Price opened @1117.25
Today's High and Low as at 10:45 am: 1122.75 - 1115.50
VPOCs: Top 1128.50 (1121.25 was touched) and Bottom 1095.00
Overnight High and Low: 1127.75 and 1117.00

Geithner is going to talk at 12:00 noon. Maybe we will have a bigger move then?!!

Trade the candle/bar in front of you!

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_5_2010-30-min-.jpg  
 
  #933 (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

Officlal Sim Trading Result for Thursday


2 more Green trades, ie

1 Long (4 and -1) 3 ticks
1 Short (4 and 2) 6 ticks

PLUS the earlier 2 trades 7 ticks = 16 ticks for Thu morning.

I'm officially done for today.

As of this moment, the weekly ES sim log is as follows:

Mon No trade as I was setting up the new set up and performing system review
Tue 23 ticks
Wed 1 tick
Thu 16 ticks

Total 40 ticks before commission

Note: If it's for real, I will be celebrating and take Friday off LOL! It's going to happen for my Live trades!

Beth (For the record, I spotted the trades manually and not counting on the BETA strategy.)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-2-more-es-sim-trades.jpg  
The following user says Thank You to wgreenie for this post:
 
  #934 (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

Trade/Money Management

I sim-traded the BETA strategy on 6E between 8:30 am and 11:00 am this morning. Enclosed is a very good reminder that one's trade/money management is the most critical factor in one's Successful Trading career!

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-5-aug-morning.jpg   Beth's Journey to Make Her Millions-6e-09-10-8_5_2010-4-range-.jpg  
 
  #935 (permalink)
Just starting out...
India
 
Futures Experience: Intermediate
Platform: MarketDelta, NinjaTrader
Broker/Data: eSignal
 
Posts: 8 since Dec 2009
Thanks: 6 given, 4 received

I have a different view on moneymanagement. When the edge is thin, may be one can stay alive with good money mangement.



wgreenie View Post
I sim-traded the BETA strategy on 6E between 8:30 am and 11:00 am this morning. Enclosed is a very good reminder that one's trade/money management is the most critical factor in one's Successful Trading career!

Beth


The following user says Thank You to jetrader for this post:
 
  #936 (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 Fri

Price currently trades at 1114.00 (10 points below yesterday's Close @1124.00).

Overnight High and Low as at 9:15 am are 1127.00 and 1111.25 respectively.

Top VPOC 1120.75
Bottom VPOC 1095.00

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-premarket-homework-6-aug-fri.jpg  
 
  #937 (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

Fri Trading Report

What I learned from the enclosed Long trade (met the entry criteria):

1. When it's touching the most recent HH and halted, it's time to consider an early exit.

2. I missed noticing the thick green line (ADX on Panel 4) was slightly above the thin lines - another warning.

3. Then finally I noticed End Trend on Top Left and SL got hit - too late to do anything LOL!

Yes, full SL was hit yet I'm quite happy. Why? I learned from my mistakes .. smile .. That's the beauty of sim-trading .. do not need to spend a dime for learning great lessons .. haha ..

I'm officially closing for today. Remember I made 40 ticks as of yesterday and now -12 ticks = 28 ticks. I "learned" from my July trading month (real trading) that it's more advisable to keep 2/3 of the weekly gains. I only have a 1-tick quota left (1/3 of 40 ticks = 13 ticks) and it's not enough for even 1 contract. Very important money management for me that I better practise it on sim too!

Continue enjoying your day. I will be back with the weekly recap (after going through my trade logs).

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-6-aug.jpg  
The following user says Thank You to wgreenie for this post:
 
  #938 (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
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Beth,

Have a good weekend. Another great week behind you, and many more ahead of you.

Mike

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The following user says Thank You to Big Mike for this post:
 
  #939 (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

Weekly Recap (2-6 Aug)

Here it comes:

Mon No Trade (Getting used to the 4-Range Set Up)
Tue 23 ticks (4 winners)
Wed 1 tick (3 winners and 1 loser)
Thu 16 ticks (3 winners)
Fri 12 ticks (1 loser)

Total 28 ticks before commission (10 winners and 2 losers)
Commission 12 x 2 x $5 = $120 (believe all 2-contract trades)

Even I sim-traded the original 4-Range set up for almost 3 months, I made quite a few trading mistakes this week with the revised set up. Well, that's beneficial as long as I do not make the "same" mistakes again. In short, I'm quite satisifed with my performance. Hmm, a B- as an incentive for me.

You won't believe my non-trading to-do list for today. Better tackle them one-by-one now.

Take care and have a Wonderful weekend.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following user says Thank You to wgreenie for this post:
 
  #940 (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 - 1111.25 (9.25 points)
Value Area as at 10:35 am: 1120.75 - 1116.25 - 1115.25 (5.50 points)
Price opened @1112.25
Today's High and Low as at 10:35 am: 1120.50 - 1111.25 (matching IB)
VPOCs: Top 1120.75 and Bottom 1095.00
Overnight High and Low: 1127.00 and 1111.25

No more important news today. What a big drop with the 8:30 am news and it does succeed in climbing up almost 2/3! Funny that it stopped right before the Top VPOC 1120.75.

My recommendation (as always): Trade with an edge!

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_6_2010-30-min-.jpg  

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