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

  #971 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
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wgreenie View Post
Thanks David for your kind words.

If Nelson is going to look for a new employer, he may as well stay as home and learn how to trade. If yes, I will withdraw most of my savings to sponsor him!

Back in Mar, I encouraged him to leave his employer of 5 years as he had been talking about folding the office + no leads for 2 months. The "first" new employer was not a honest businessman (we found out from different scam blogs) and he also owed Nelson 50% salaries. Then the present one ("second" new employer in 4 months) .. seems worst of all as he does not pay .. sigh ..

Beth


Beth,

I've noticed you do a Market Profile update on the ES, but you are trading the TF, or at least have the last few days. I'm still very much a fan of market Profile. I think it can provide some very good areas of support and resistance. My suggestion is to look at the profile for whatever you are trading. Maybe do the same kind pre-market review that you do on the ES for whatever you trade. I've attached a chart of the TF with a profile and a 4 range with one of Perrys templates. It may not be the latest template, but it will get my point across.

I'm not trying to get you to do anything you don't want to do or anything you feel uncomfortable with. I do feel that with the right trade setup (at S/R) you can pull more than 4 ticks out of the market. In the attached chart i show the resistance level at the POC of 8/11 and what that translates to on the 4 range and what the price action looks like. The price action gives you the clues if the resistance is holding. Since the level is significant (Prior Days POC) and it holds you can expect a decent move. At least I think so. In the example you get a decent move. To me, one trade like this is better than 6 for 4 ticks. Just my opinion. I hope this was helpful for you.

David

Attached Thumbnails
Beth's Journey to Make Her Millions-beth_tf.png  
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  #972 (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 1078.00 (1.25 points below yesterday's Close @1079.25).

Overnight High and Low as at 9:10 am are 1089.00 and 1072.50 respectively.

Top VPOC 1081.25
Bottom VPOC 1039.50

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-13-aug-fri.jpg  
 
  #973 (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



David_R View Post
Beth,

I've noticed you do a Market Profile update on the ES, but you are trading the TF, or at least have the last few days. I'm still very much a fan of market Profile. I think it can provide some very good areas of support and resistance. My suggestion is to look at the profile for whatever you are trading. Maybe do the same kind pre-market review that you do on the ES for whatever you trade. I've attached a chart of the TF with a profile and a 4 range with one of Perrys templates. It may not be the latest template, but it will get my point across.

I'm not trying to get you to do anything you don't want to do or anything you feel uncomfortable with. I do feel that with the right trade setup (at S/R) you can pull more than 4 ticks out of the market. In the attached chart i show the resistance level at the POC of 8/11 and what that translates to on the 4 range and what the price action looks like. The price action gives you the clues if the resistance is holding. Since the level is significant (Prior Days POC) and it holds you can expect a decent move. At least I think so. In the example you get a decent move. To me, one trade like this is better than 6 for 4 ticks. Just my opinion. I hope this was helpful for you.

David

Super-mega Thank You for preparing the demo charts David! It did come to my mind that I should start doing 30-minute MP on TF since I'm trading it. It's time to do a bi-weekly review on the revised set up incl trading instrument and platform etc this weekend.

Beth (grateful)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #974 (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
Beth,

That is very nice of you

As for 'sharing too much too often', I hope you are not reaching this conclusion by the recent lack of replies to your posts. First, you need to remember the journal was to help you first and foremost, right? The pattern you are in of sharing your thoughts, formulating your plan and your wording for each post, this is something that has brought about positive change in your trading. Think twice before altering it. Second, don't judge a book by its cover, right? I mean that it's just "the norm", unfortunately, that the majority of people read but do not write. There are far more people that read books on Amazon.com than who author them. Your thread is popular on the site, that means that a great deal of people are reading it and are learning from it, and have a lot of interest in continuing to see your development.

Have a good weekend,
Mike

Hi Mike

I have been staying at home for 1.5 years now with minimal interaction with anyone. I worry that I may have turned to a "nagging" monster without my knowing. This forum (my thread) has been the only channel for me to share and release my tension. I see no point of troubling my siblings when they're so far away though I know they care.

Note: Not because of lack of replies to my posts.

I just read your chat that you've been under the weather. Please take good care of yourself and rest more! I appreciate very much your posts and guidance (as always).

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #975 (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

TF Trading Report for Fri

I waited after the news were over.

No of Trades: 5 1-contract ones
No of Winner/Loser: 3 winners and 2 losers (both losing trades did reach 3 ticks)
Total Ticks before Commission: 7

Goal Accomplished:

1. No chasing when my fingers were too slow to catch a trade.
2. Current ATM has both pros and cons. Need more trades/time to assess its performance.

Emotion: Very calm throughout.

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-tf-sim-trade-log-13-aug.jpg   Beth's Journey to Make Her Millions-tf-09-10-8_13_2010-4-range-.jpg  
 
  #976 (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

Here it comes:

1. Sim Trade

Mon 5 (ES 3 winners and 1 loser)
Tue 23 (TF 3 winners)
Wed -9 (TF 8 winners and 12 losers - the day I practised like "crazy" .. smile ..)
Thu 6 (TF 3 winners and 1 loser)
Fri 7 (TF 3 winners and 2 losers)

No of Winner/Loser: 20 vs 16
Total 5 ES and 27 TF ticks before commission
Commission: $4 x 41 = $164
Net after Commission: $168.50

2. Real Trade

Thu -6 ticks (TF 1 loser)

It's a fruitful week!

What's Next?

1. Bi-weekly performance review on the system/set up/platform/indicators/trading instrument
2. Weekly performance review on trader me

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!

Last edited by wgreenie; August 13th, 2010 at 03:33 PM.
The following 2 users say Thank You to wgreenie for this post:
 
  #977 (permalink)
 Vendor: www.ezcolortrading.com 
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Market Profile

Initial Balance: 1084.25 - 1077.00 (7.25 points)
Value Area as at 10:45 am: 1083.75 - 1080.75 - 1079.25 (4.50 points)
Price opened @1077.25
Today's High and Low as at 10:45 am: 1084.25 - 1077.00 (matching IB)
VPOCs: Top 1090.50 (1081.25 was touched) and Bottom 1039.50
Overnight High and Low: 1089.50 and 1072.50

It's Friday and price may stay within IB and not rotating too much!?

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_13_2010-30-min-.jpg  
The following user says Thank You to wgreenie for this post:
 
  #978 (permalink)
Elite Member
Toronto
 
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HI Beth ,
I have been following your thread since you started it , I admire your sense of sharing , and I truly believe that you will succeed in what you are doing , thanks for your sweet note , I wish you a lot of happiness and properity as well , 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:
 
  #979 (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

Unable to Edit?

Funny that I am unable to edit my posts this morning and got the enclosed. If you know how to fix it, please give me a shout. Thank you!

Almost forgot to grade myself this week!! B please .. smile ..

1. I felt zozozo when ES was extremely slow on Mon.

2. Got quite enthusiastic when I switched to TF on Tue.

3. Practised practised practised tons on Wed.

4. Got a little discouraged on Thu as I was too slow to catch signals incl a losing real trade.

5. Finally gathered my act together this morning and focussed on TF. FYI, I did study EMD.

I'm officially done for today. Nelson is off and he's been like a "cute" bee around me LOL! Oh, he even prepared me a very nice breakfast (did juicing incl cleaning everything + raisin toast .. haha ..).

Continue enjoying your day + a Lovely weekend.

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-unable-edit.jpg  
The following 2 users say Thank You to wgreenie for this post:
 
  #980 (permalink)
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Berlin, Europe
 
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Had the same problem. Mike has fixed it!

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