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lovetotrade's YM Breakout Journal
Started:November 6th, 2014 (04:13 PM) by lovetotrade Views / Replies:11,145 / 187
Last Reply:November 22nd, 2016 (11:16 AM) Attachments:137

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lovetotrade's YM Breakout Journal

Old January 19th, 2015, 03:21 PM   #41 (permalink)
Trading Apprentice
albany new york usa
 
Futures Experience: Intermediate
Platform: ninja trader
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Posts: 3 since Sep 2014
Thanks: 1 given, 3 received

trading journal

trying to teach myself to trade the ym and your trading journal is excellent. thanks for the info

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Old January 19th, 2015, 05:24 PM   #42 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
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Posts: 283 since Oct 2014
Thanks: 729 given, 419 received


rfdevoe View Post
trying to teach myself to trade the ym and your trading journal is excellent. thanks for the info

Well hopefully you stick around and we can bounce some ideas, because not too many people on here trade the YM. I took a detour with an awesome psychology book, and still doing some market replay trading, so I haven't been on here much. But I will be actively journaling again very soon. Good luck on your journey.

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Old January 19th, 2015, 05:29 PM   #43 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
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Posts: 283 since Oct 2014
Thanks: 729 given, 419 received


Here is the link to the PDF of The Daily Trading Coach, by Dr. Brett Steenbarger.
http://www.beletrie.eu/data/attachments/The%20Daily%20trading%20coach.pdf

Book is absolutely awesome and has done a great deal in helping me fill some holes in my trading plan that will be absolutely necessary down the road. Highly recommend it, took more notes than I ever have from any other trading book. Just finished it and implementing many of his lessons into my trading.

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Old January 19th, 2015, 11:35 PM   #44 (permalink)
Market Wizard
parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: NQ100
 
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Posts: 1,260 since Jan 2015
Thanks: 2,815 given, 1,428 received
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Nice positing on Price Actions

Hello lovetotrade, I loved your posting on price action. Little background about me. I am from India, I have trading experience in India on Indices futures/Stocks/Options. Since, I moved to US a year ago, I stopped trading in Indian market due to timzone issues and started reading US Indices Markets.

Opened an account $10k with Infinity. Their platform is good so far to me using Sierra charts. Its been just a week but made some good profits. I mainly look at NQ100 and trade with pivot levels. I added Stockastics 10,3,3 on 5 mins charts. take 1% of risk i.e $100/day and 2% reward. I stirctly trade from 9.45 am to 11.30 am EST and sometimes after 2.30 pm till 3.30 pm. This is due to full time job.

Looking forward to read more of your experience and day trade. I will sure post some of my trades too.

P.S:- This is my first post on futures.io (formerly BMT).

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Old January 20th, 2015, 10:27 AM   #45 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
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Posts: 283 since Oct 2014
Thanks: 729 given, 419 received

Futures Edge on FIO

chipps1983 View Post
Hello lovetotrade, I loved your posting on price action. Little background about me. I am from India, I have trading experience in India on Indices futures/Stocks/Options. Since, I moved to US a year ago, I stopped trading in Indian market due to timzone issues and started reading US Indices Markets.

Opened an account $10k with Infinity. Their platform is good so far to me using Sierra charts. Its been just a week but made some good profits. I mainly look at NQ100 and trade with pivot levels. I added Stockastics 10,3,3 on 5 mins charts. take 1% of risk i.e $100/day and 2% reward. I stirctly trade from 9.45 am to 11.30 am EST and sometimes after 2.30 pm till 3.30 pm. This is due to full time job.

Looking forward to read more of your experience and day trade. I will sure post some of my trades too.

P.S:- This is my first post on futures.io (formerly BMT).

Thanks for the kind words, let me know if/when you setup a journal and I will check it out. As you have seen I have gone through some major changes over the last several months, and a lot of that was due to this site. It is a great tool and resource(and for me a real eye opener that I did not know everything like I thought). Just trying to simplify the process, and get back to making money. Good luck on your journey.

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Old January 20th, 2015, 12:31 PM   #46 (permalink)
Market Wizard
parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: NQ100
 
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Posts: 1,260 since Jan 2015
Thanks: 2,815 given, 1,428 received
Forum Reputation: Legendary

Hit today by my risk and no trading.

Not good day to start. But I followed my rules. I risk only 1% of my capital and i.e. $100 and close to preserve my capital and come with fresh mind the next day. I just follow pivot levels blindlly without any emotions (hard part).

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Old January 26th, 2015, 12:59 PM   #47 (permalink)
Market Wizard
parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: NQ100
 
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Posts: 1,260 since Jan 2015
Thanks: 2,815 given, 1,428 received
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Entry near Pivot S1 and exit at Pivot.

Good day and week to start. Entered near Support1 4254 and exit near Pivot 4264.

Attached Thumbnails
lovetotrade's YM Breakout Journal-2015-01-26_pivot.png  

Last edited by chipps1983; January 26th, 2015 at 01:01 PM. Reason: entered price levels.
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Old January 26th, 2015, 04:56 PM   #48 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
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Posts: 283 since Oct 2014
Thanks: 729 given, 419 received


chipps1983 View Post
Good day and week to start. Entered near Support1 4254 and exit near Pivot 4264.

Cool, how do you structure your trades? Just through S/R? What determines your entries and exits?

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Old January 26th, 2015, 09:16 PM   #49 (permalink)
Market Wizard
parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: NQ100
 
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Posts: 1,260 since Jan 2015
Thanks: 2,815 given, 1,428 received
Forum Reputation: Legendary

My Pivot Strategy

This has been a start up strategy and works well in trending market. The Pivot strategy (Intraday) came to my mind as I do not have enough capital to trade positional. Since I came to US (been a year ago), I have been trading DEMA trading (Virtual) using 5/20 positional and been able to successfully made $48k Virtual profit on 5lots on NASDAQ100 eminis. This is a SAR strategy. I had followed the same DEMA strategy back in India and was successful and started to recover the money I lost over the few years.

The pivot strategy is basic support/resistance number that everyone follows. I opened my account start of the year and started watching pivot levels. It was very tough for me to pull the trigger since real money is involved. I can't risk more than 2% on each trade. So I wanted high probability setup with pivots. That is where I added Slow Stochastic with values (10, 3, 3).

I take NQ100 future values from yesterday but I would only take 9.30 opening till 3.30 pm EST (this is my default chart settings in Sierra) closing HLC values.
I always wait for 15 mins from opening i.e. I start my trading from 9.45 am EST and closely watch pivot levels and stochastic levels.
Buy mode when Stochastic crossing near or above 20 levels and NQ future price level is at support or Pivot levels.
Sell – When stochastic crossing happening near overbought zone i.e. near or just below 80 levels.
I use 10 points SL for this strategy or day low/high whichever I fell not risking more than my allowed 2% of my capital.
My day stops as soon as I hit profit or loss and switch my trading mode to simulation. This helps me not to over trade during the trade. I do trade in simulation to calm my mind.


I back tested this strategy for a couple of months and gives 60% Winning ratio.

Hope I was good in explaining. And will keep updating my records here and soon start a trading journal.

Attached Thumbnails
lovetotrade's YM Breakout Journal-pivot_stochastics_strategy.png  
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Old January 27th, 2015, 09:52 AM   #50 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
lovetotrade's Avatar
 
Posts: 283 since Oct 2014
Thanks: 729 given, 419 received



chipps1983 View Post
This has been a start up strategy and works well in trending market. The Pivot strategy (Intraday) came to my mind as I do not have enough capital to trade positional. Since I came to US (been a year ago), I have been trading DEMA trading (Virtual) using 5/20 positional and been able to successfully made $48k Virtual profit on 5lots on NASDAQ100 eminis. This is a SAR strategy. I had followed the same DEMA strategy back in India and was successful and started to recover the money I lost over the few years.

The pivot strategy is basic support/resistance number that everyone follows. I opened my account start of the year and started watching pivot levels. It was very tough for me to pull the trigger since real money is involved. I can't risk more than 2% on each trade. So I wanted high probability setup with pivots. That is where I added Slow Stochastic with values (10, 3, 3).

I take NQ100 future values from yesterday but I would only take 9.30 opening till 3.30 pm EST (this is my default chart settings in Sierra) closing HLC values.
I always wait for 15 mins from opening i.e. I start my trading from 9.45 am EST and closely watch pivot levels and stochastic levels.
Buy mode when Stochastic crossing near or above 20 levels and NQ future price level is at support or Pivot levels.
Sell When stochastic crossing happening near overbought zone i.e. near or just below 80 levels.
I use 10 points SL for this strategy or day low/high whichever I fell not risking more than my allowed 2% of my capital.
My day stops as soon as I hit profit or loss and switch my trading mode to simulation. This helps me not to over trade during the trade. I do trade in simulation to calm my mind.


I back tested this strategy for a couple of months and gives 60% Winning ratio.

Hope I was good in explaining. And will keep updating my records here and soon start a trading journal.

Interesting, so do you scale out on the way up or down, hold one to the other pivot level, etc.? And you have a 2% max loss, so what do you use to determine to stop trading if you are profitable?

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