lovetotrade's YM Breakout Journal - futures io
futures io



lovetotrade's YM Breakout Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one lovetotrade with 255 posts (518 thanks)
    2. looks_two chipps1983 with 19 posts (10 thanks)
    3. looks_3 Rrrracer with 12 posts (43 thanks)
    4. looks_4 bobwest with 7 posts (22 thanks)
      Best Posters
    1. looks_one Grantx with 4 thanks per post
    2. looks_two Rrrracer with 3.6 thanks per post
    3. looks_3 bobwest with 3.1 thanks per post
    4. looks_4 lovetotrade with 2 thanks per post
    1. trending_up 35,244 views
    2. thumb_up 679 thanks given
    3. group 51 followers
    1. forum 340 posts
    2. attach_file 292 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

lovetotrade's YM Breakout Journal

(login for full post details)
  #41 (permalink)
rfdevoe
albany new york usa
 
 
Posts: 3 since Sep 2014
Thanks: 1 given, 3 received

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

Reply With Quote
The following user says Thank You to rfdevoe for this post:

Can you help answer these questions
from other members on futures io?
Price Action Swing Pro NT8
NinjaTrader
EMA as a trailing stop
Traders Hideout
Wyckoff room
The Elite Circle
Using fxd files in FXCM trading station
Platforms and Indicators
MCnet: (Multi-Timeframe) EMA @ Weekly Data on Daily Chart
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Beast Slayer, Lances NQ Trading Journal
45 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Michael Burry warns the Mother of All Crashes is coming
21 thanks
FairX is launching soon
18 thanks
Chart Trader Alternatives ?
14 thanks
 
(login for full post details)
  #42 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 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.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #43 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 received


Here is the link to the PDF of The Daily Trading Coach, by Dr. Brett Steenbarger.
https://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.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to lovetotrade for this post:
 
(login for full post details)
  #44 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,128 given, 3,643 received

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).

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chipps1983 for this post:
 
(login for full post details)
  #45 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 received


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.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #46 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,128 given, 3,643 received

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).

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #47 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,128 given, 3,643 received

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

Attached Images
 
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chipps1983 for this post:
 
(login for full post details)
  #48 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 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?

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #49 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,128 given, 3,643 received

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
Click image for larger version

Name:	Pivot_Stochastics_Strategy.png
Views:	76
Size:	28.0 KB
ID:	173014  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to chipps1983 for this post:
 
(login for full post details)
  #50 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 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?

Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > lovetotrade's YM Breakout Journal


Last Updated on November 15, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts