Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading! - futures io
futures io



Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading!


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Lady with 22 posts (13 thanks)
    2. looks_two Thxo with 2 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 matthew28 with 1 posts (1 thanks)
      Best Posters
    1. looks_one TraderFish with 1 thanks per post
    2. looks_two rmejia with 1 thanks per post
    3. looks_3 matthew28 with 1 thanks per post
    4. looks_4 Lady with 0.6 thanks per post
    1. trending_up 3,415 views
    2. thumb_up 17 thanks given
    3. group 8 followers
    1. forum 29 posts
    2. attach_file 36 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
 

Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading!

(login for full post details)
  #1 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

TRADING PLAN:

Goals and Objectives:

Why do I trade?
- I used to trade in the late 90's when I was in High School (Options, mostly Indexed) and did exceptionally well and some in mid 2000's (always a volume and volatility girl). I've been poking my nose into the market here and there, mostly analysis for other people (I'm good at seeing patters, and suck at names or remembering things). Did Financial Advising stuff, CFA stuff, Valuations stuff, Teaching Mathematics stuff, and Consumer Focused Marketing stuff, and resisted the markets. Not because I burned out, I think I viewed it as a disciplined thing to do was not to enter. Came to realize the error of my ways. (Especially after my friends pool started involving a lot of location independent bloggers, programmers, and entrepreneurs.)

- My goal now is to step back for the next year, move to a country with a significantly lower cost of living, live on a budget of $12,000 or less, and spend the next year studying and building up my trading skills and portfolio from $1,000 - $$5,000 initial capital to the level of income I've grown accustomed to in the States (around 6 figures, not necessarily within this year but to a steady year over year at that level moving forward). I will not take income from the profits of trading for at least 6 months. Big reason for the shift into markets is to reduce stress and focus on building a family with my significant other while building a location independent income stream since we both love to travel and I don't like what his work is doing to him. Do more actual living, less working for a living!


Which Markets?
- I'm going to stick to trading e-Minis, mostly ES right now. Maybe with time I will introduce option spreads into the mix again.

What types of trading my personality is more suited for?
- Conditioned and controlled, can keep my focus on execution in panicked situations. I like good movement in the market and do not have issues with trading up or down shifts in the market. I like to limit my risk and exposure with good safeties and short term positions. I'm used to working and earning at piecework rate and like that way of working a lot: my earnings are directly proportional to how much work I choose to do or not do. I think that will come in handy choosing to take or not take trades. And really appealed to me when I was researching instruments to trade. I do not have an addictive personality, so I do not chase which should keep me out of trouble when trading.

What would my measure of progress be?
- Under 5% loss of my portfolio. (not necessarily trades, but the discipline not to let risk too much of my portfolio in trades) Survive to trade another day!
- Consistency of $200 net profit a day.

How would I define success in trading?
- Self mastery to hit the goals I set with good execution of the goal every time.
- 4 : 1 w/l ratio or better on positions I take with close to break even on losses.
- Having consistent even split of income and reinvestment of profits that is more than $2,000 on weekly basis.
- Mastery of the process over the profit since that is the only thing you can control!

Strategy

Only trading 8:45 to 12:30 EST or 7:45 to 11:30 CST. Volume really gets going about 9:30 Eastern and has a siesta in the afternoon until the 3 pm hour (CST) - This allows me to maximize my trading time and get on conmigo estudiar espanol.

Set Up
- Clean chart, candlesticks, EMA on main chart, to ticks. Price action approach.
- Volume and order size chart or indicator (not decided, but i like Volume Oscillator, Accumulation, maybe something that indicates flow of funds. Honestly, there is SOMETHING going on with reduced volume and bearish turns with ES, think maybe there is a good play to make money consistently on change of volume indicating loss of support.)
- Maybe a Heikin Ashi or line chart on a secondary or second chart to reference a smoother trend with an indicator (Since most of the big money in the S&B is in the ES, I want to know where the institutional money is moving and Level II bid and ask volume indicators)

Money Management
- No exposure more than 30% of the account to a trade and no allowance for more than 5% loss per trade. (So at $500 margin, I would have to have $1670 in account, and my loss allowance would be 6 ticks for $75, this would be my max stop).
- That means I cannot start allowing for runners with 2 contract entry until I hit $3340 in my account.
- For first 6 months of live account, up to 1 year, I cannot take any profits out for income. The account is in growth mode. I may allow myself to take out the initial investment at 6 months mark or when the initial investment is less than 10% of my account as a reward.
- Never enter without exits on place (setting this in NJ before I allow myself to go live).
- No going live until I have 2 weeks of 90% success rate in SIM.

Entry Strategies
- Range Market:
**
- Trent Bullish:
**
- Trent Bearish:
**
Trade Management
**

Exit Strategy
- Set up and trade automated strategy. For stops at 4-6 ticks (market condition specific to be determined). For profit at 4-8 ticks (market cond tbd)
- Adjust stops to break even.
- If trading multiple entries with a run, pull up the stop 2 ticks above break even on running position with profit at 45 degree mark.



Other:
- I need to play with OnDemand on Think or Swim for a week or two (Mac user) while I migrate to a PC for SIM trades and get my NJ and IB set up properly. I know people love other brokers and I need to look at them for active trades since IB's margins are $2875 intraday. (AMP, ATC, Ninja just opened a brokerage by the time I decide to switch maybe they will expand)

Started this thread Reply With Quote
The following 2 users say Thank You to Lady for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(156 thanks from 21 posts)
looks_twoSalao's Journalby Salao
(48 thanks from 10 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 16 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 13 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 14 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
76 thanks
Would You Sell Your System?
59 thanks
The Crude Dude Oil Trading System
55 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
Help improve the FIO community
22 thanks
 
(login for full post details)
  #3 (permalink)
 TraderFish 
Sydney, NSW Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, CL
 
Posts: 26 since May 2015
Thanks: 17 given, 19 received


Good luck with it :-)

Follow me on Twitter Reply With Quote
The following user says Thank You to TraderFish for this post:
 
(login for full post details)
  #4 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Do not understand why my my chart is not matching my order fulfillment and my Active Trader. I can't trade off chart and have to manage my position off active trader.

Placed a 2000 tick chart with 21 bar EMA. Active Trader, I found good for monitoring sentiment as well as larger orders on the sales monitor. Due to the chart to order disconnect, had to place single orders.

Since the day I traded, May 21st was a good bullish trending day, I placed my buys just above the EMA, then aimed for 8 tick scalp. And when the trend ended ended would wait for confirmation on a downturn and going short. Was not able to get my stuff to sink across the instruments so I entered each trade manually (Accidentally ended up selling 2 orders on a short then not paying attention and covering only one.



Nice $387 for the day, even though I had to wait a while to cover my last contract cause I forgot about it.



LEARNINGS:

The EMA is very nice springy tool and love watching market sentiment. Really need to figure out how to sink them all to sale price, or is it supposed to be that way? Or is it a TOS OnDemand issue?

Have to learn how to use the tools properly.

I have yet to find a good tool for entries, I know people like the Square of Nines and Febs. From tools I saw, they are offer several interpretations of Gann's theory. I understand the math behind Fibs, Square of Nines, and properties of 2s but I do not understand the tie in to the pyramid. It seem like over doing a relatively simple topic. I want to good size of orders and velocity of orders indicator, ideally something that has buy or sell to entry but that may be a tall order. Something that had maybe overlaying bars that look at size of orders at which point from the sales feed. Will have to look at that.

I did like the use of Heiken Ashi for same time period to show reduction of velocity. Did not have too good of a time with MACD or Boulanger bands time around, will do a day or so on those indicators to fully rule them out. Continue looking for other indicators.

If I continue having the issue with mismatching data across instruments, I will run to NJ a bit quicker.

Want to start capturing video of what I'm doing in real time to anywise my mind frame at time of positions. Noticed a bit of anxiousness.

LOVE that I can do 7 trades that are not at all dramatic in moves and meet my set $200 a day profit.

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I am still having the issue where my Active Trader does not correspond to the values on the charts. PLEASE HELP!

Chart Setup:

Main Chart: 2000t with 21 EMA
Second Chart: 2000t Heikin Ashi with a 20 EMA
Active Trader and Times Sales and Level 2

Trade Zero: Tried to OCO Bracket and it stopped me out as soon as I set it. The price difference with Chart vs Active Trader is messing with me.

First Trade:
When the bar at 8:26 printed, I Decided to enter at the AT value at $2103.25 about 1000 ticks in into the next candle (I'm curious about the candles that intersect the EMA, if the first candle that crosses has a wide spread, it tends to be followed by an opposite, also big spread candle), there was also a nice storing up trend earlier in the morning and then a nice 45 solid angle decent, good trends within a range market.

Entered at 2103.25 with a stop at 2102.25 (4 ticks) and a limit of 2105 (7 ticks).
Once the first green bar closed, I moved my stop to 2103.5 (1 tick above break even)
The next bar i moved my stop to 2104 kept the limit at 2105
I think it will go above my target limit, but I feel very comfortable at 2105 especially since I think it will go flat and stay in range for a couple of bars.
Ticked through my 2105 at 9:25 and I took my profit. And took the stop off.


Waiting for trade 2 (noted a nice reduction on volume and a red candle):
I saw the volume reduction and the 2 dojis with a nice moderate sized red candle. (I was writing a journal entry at the time). By the time I finished My though the next candle got 2000 candles in a snap, went down to the trend. If it closes mid body through the EMA, and the next candle gets a nice green body on 1000 contracts, I will look to go long.

Trade Two:
After a nice long drop, I tried to go long at 2102, got stopped out at 2101. Still the bar is far from EMA, Will look to Re enter long.

Trade Three:
Entered at 2101.5, limit of 2100.75, Stopped out again. I am out and waiting for the trend to reestablish itself. The market is in chop. Go for a walk.

Trade Four, Five, and Six
I made a mess Ended up not removing my limits and stops and ended up with 6 bullish order. On the upside, I ended up scaled out with good profit (Thank god for play margins, otherwise I would have been up the creek)

Trade Seven:
Went short at 2102.5 because I saw the triple bar at EMA and low volume. Went for a lovely 2100, got filled in 3 minutes. The trend went down into the 90's.

Trade Eight:
After some chop, the confirmation of a 2 green candles I entered again on a buy at 2095.5, and within a minute my limit of 2097.25 was hit. I did initially toy with the idea of going for 2098 but decided I already did $1000 for the day and why be greedy. I would have been filled, but the market went into several bars of chop.

Looked to enter for a last trade if it occurred to me until 11:30, but was not actually eager to enter. And it was interesting looking at chop. It looks amebic.

Very tight band. It is trying for a trend reversal but too much volume before lunch. And the bulls want to be fed. Even though they are fighting against the trend. The market looks to be headed to the bears for the day. Not really caring, since I do not trade afternoon.

Learning:

ORDER ENTRY, making a mess with margins is not going to play out well when trading real money.


Decided to call it a day at 10:50 am.

FF: At 10:56 I had my 2 candles at EMA, Green Confirmation than a bit to a rally until 11:04, than a nice 4 bar slip to the EMA by 11:13, 3 bar retest by 11:23, than a nice steep 5 point slip by 11:29. 4 Possible trades in 40 minutes after I decided to call it a day. It's ok.

I made $887.5- for the day. To total of $1,275 for 2 days, less than 8 hours trading. I can live on that. (Like that's my monthly budget.)

Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
 Sg7JR 
Baltimore, MD
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage 5/DTN IQFeed
Trading: ES
 
Sg7JR's Avatar
 
Posts: 91 since Jun 2015
Thanks: 88 given, 167 received

Do you have ToS paper trader or a live account? If you have a live funded account then it should be live data, but if it is a free paper trader account the data on the DOM (what ToS calls the "active trader") is delayed, but the chart data is live, that's why you have a discrepancy.

Follow me on Twitter Reply With Quote
The following user says Thank You to Sg7JR for this post:
 
(login for full post details)
  #7 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I'm not in paper money, I'm in the Realtime Data account but doing OnDemand, so basically back dated testing. (It's 9:45 pm here, and i'm trading June 1st 10:12 am)

Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Look at this craziness under the gray arrows!


Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Charting like 5 points above. BUT following the same trajectory. Don't get it. Nice long legs, no chop in the morning. Kinda beautiful!



Made a mess with order management.



Horizontal lines on the volume... Something about the lower volume and bearish turns.



Beautiful short, 8 for profit, 4 for stop.



Patterns!!!

Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
 rmejia 
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: ES
 
rmejia's Avatar
 
Posts: 377 since Oct 2010
Thanks: 3,600 given, 432 received



Lady View Post
I'm not in paper money, I'm in the Realtime Data account but doing OnDemand, so basically back dated testing. (It's 9:45 pm here, and i'm trading June 1st 10:12 am)

When using OnDemand you have to enter the complete symbol. So instead of just using /ES it would be /ESU5 or /ESM5, /ESH5, etc, depending on the month and year.

Reply With Quote
The following user says Thank You to rmejia for this post:
 
(login for full post details)
  #11 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Cool thank you! They sinc across the board now! THANK YOU THANK YOU THANK YOU!

Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I am still in ToS, On Demand, Thanks to rmejia, we are correlated across the board.

Order One:
Finally can do OCO Brakets! AND have them show up on all monitors.

Going for a 2 point scalp, on second bar after a bullish cross of the EMA. Adjusted to 2 ticks above Break Even at the close of second bar. The order flow looks favorable for my 2 points/8 ticks. The volume is low, I got stopped out at 2 ticks above break even. Mixed order flow. It's toying with going into range. I will take my ticks and wait. (+$25)

Trade Two:
Waiting for half bar on return to EMA on second bear candle. Heiken Ashi momentum slowed, and low and lagging volume. Good chance for a nice bear down move to EMA, still early for a trend of any kind.. The Entered at 2105.5 with 4 tick stop and 8 tick profit, just below the EMA, which is horizontal at this time.

Watching Level II tutorials while I wait for the market to move.

After the second candle closed, moved stop to break even. It's 8:50, more participants, and the bar is getting more action. Moved the stop to 2 ticks above break even at 1000 on the third bar. Resisting the urge to move the Cover for a longer run. While typing I got filled to cover. ($100)

EMA is flat. Candles going for a run.

Trade Tree:
Waiting for a bullish reversal or a nice solid, Below EMA candle to confirm a continuation of the trend. This far orders are more bullish. I'll hang, creeping the market ;-)

The market is not looking like it is going to be a trend day. We are pointing to a mixed range market, unless there is something that changes that once more people come in around 9:30.


Looking to enter bullish once the candle at 9:21 closes, we are mixed and far from EMA. Entered on 2101 with a 6 tick limit 4 tick stop. Filled at 6 ticks in 1 minute. (+$75)

Trade Four:
Too choppy for my tolerance. Entered at 2102.75. Order entry bad. Stopped out at 2102.25. My bad. (-$25)


Trade Five:
Wide 6 tick and 8 tick entry. Got stopped out. (-$75)


Trade Six:
Wide spread entry again at 2097.5 after some chop and dojis below EMA. Adjusted my stop to break even after the prices went up 3 ticks. The market rallied then got stopped out for as it turned. (+$37.50)

Trade Seven:
I have a support / resistance level at 2102. Entered short on that with a wide spread. Adjusted stops at increments of 3 with a 5 tick lead way. Rallied down and got filled to cove at 10 ticks. ($125)




Trade Eight:
Looking to go short, but we broke thorough the 2102 resistance line and might scalp once it tries to retest the trend for second entry. I have a resistance again at 2105.5. Went short at 2105, got covered at 2104 30 seconds later Having trouble with OCO. ($50)

Trade Nine:
Went short at 2104.75 and hit my limit at 2103.25 ($75)


Trade Ten:
Got stopped out as soon as I entered order. Have to find and change presets to OCO. They are too tight and I'm not quick enough. (-$0)

Trade Eleven:
Due to chop waited for confirmation of downturn on second candle, then entered short. In at 2107 took a while, a lot of back and forth, but exited at 2105.5, I did tighten my stop to 2 ticks above entry to minimize loss if it went agains me because it spent so much time moving with the bulls. (+75)

Trade Twelve:

There are 4 bars on top of EMA that is flattened out. Patterns say that it should go up and continue the trend, but EMA is flat with chop, does not feel good. HUGE 5th bar is bullish after intermittent chop, then breakout, looks like it may just run. It did the same thing at 10:20 with a bit of a reversal that rally up. Entered and got stopped out above by 2105.5 resistance line. (-$75) Should have set out, Looking for a red bar of a nice sized green bar. Repeat for 10:20?

Trade Thirteen:

Nice reversal pattern at the bottom, nice wide range of prices, below the EMA but flirting with it. Took the 2105 bullish entry. Moved the stop to 1 tick below, then break even then 2 ticks above. My Limit on 2107. Since it was past my 11:30 trading day, and it took forever to get filled, I flirted with cutting the range down and seeing where I could exit. closed at 2107.00 ($100)


Profit/Loss:
$487.50 for the day. Not bad. But chop took a lot of profit for stoppages. Overall:
Neg 3 -$175
Pos 9 $662.50
Br Ev 1 $0

P/L 3.00
Success 75.00%



Learnings:

- You see chop. Walk away.
- TOS can decide to cut out and shot down. Then refuse to open. Be ware. Maybe a good idea to restart computer.
- Wider limits take significantly longer to get to the target.
- Work on resisting the urge to adjust.

Started this thread Reply With Quote
The following user says Thank You to Lady for this post:
 
(login for full post details)
  #13 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I got slammed with real world making money so had no chance to run the SIM on Wednesday. Decided, even though I was still slammed, to run the SIM anyway on a different laptop while I worked. Not the best superrest idea. (Although I might do Spanish audio learning while I trade in the future and running training videos for TOS and NT was not too bad, actually helped with not obsessing over trades). Had the urge to restart it and try again, but resisted the desire since there are no redos on real trades.

I got stopped out of 8/10 trades and -$350. Have to go through and look at the chart as soon as I get a break.



P/L got a little testy today, but I think, either my presets are not good or i'm not using them right, or something has yet to click.

Trades thus far:



It looks that since I stopped placing single trades, my returns have gone down, or maybe I got lucky before or maybe my presets are no good or I don't know how to use them yet. PLEASE ADVISE.

A 8/4 tick and a 10/6 tick P/L order fulfillment presets, was using the 8/4 tick exclusively today.

ALSO, Totally need to work on my running risk management and pepper in budgeting, if I'm to put in $2000 have to try to work within the risk tolerance of that when trading SIM

Started this thread Reply With Quote
 
(login for full post details)
  #14 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Want to be learning and running through sims but current responsibility is getting in the way. Looking forward to be done with moving and hiding in my tower so I can focus. Day 3 without proper attention to the market :-( Realizing that it's not only a job but a lifestyle.

Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Finally got a day off and got a chance to get back and trade. I think I was away for so long I went to "every trade", or as I like to call it crazy bunny trading. Needless to day, did not go too well. Better than the 3rd, but still a loss and my P/L is not looking stelar.

The plan was to scalp 2 ticks per trade to try to get the account up. The problem was I would get in and get stopped. 26/50 trades were stops. I think I'm having a loss management system issue. Not wide enough to let them run and not bounce. I think Al and Mack need to have some quality time together. And I'm limiting myself to 10 trades tomorrow.




Started this thread Reply With Quote
The following user says Thank You to Lady for this post:
 
(login for full post details)
  #16 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Still really busy. Got slammed with work Tue into Wed and had to run errands with crazy amount of appointments squeezed into one day today. If no new work in AM I can devote time to my 8:30-11:30 trade slot.

Fun stuff today:
When I used to do consumer behavior focused marketing, I used to utilize services of a neuroscience focused psychologist/lecturer/professor to help me design behavior stimulating messages. I decided to pepper him in to help in developing self directed approach to become a "boring" profitable trader. From what I have been reading on some of the successful traders, focus a lot on the "mind game" and reducing exposure to stresses and distractions and have an almost athlete like performance focused approach to trading. Had a chance to talk to him today and the the discussion focused heavily on Active and Passive mind states and also on autistic spectrum individuals. Passive and Active mind states may be evolution throw back to caveman's need to focus on task at hand but always having a risk factor in predators and environment, creating an ever active but passive mind that is alert to threats and distractions in the periphery. With autistic individuals their anti social traits being a benefit to eliminating societal pressures and distractions and having laser focus on optimal solution to the problem at hand and a subconscious ability to see patterns. Found it fascinating. Will try to see if I can add that to my approach. I'm a believer in the brain being an ever evolving organ (mainly cause it actually is always adding new and removing useless neuro-pathways). Advertisers do that to you all the time

Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I appreciate the honor in price action but at the moment I need to trade to get with the market, while i study price action, and not get wiped out(called it for morale). So I was playing around with indicators.

I went down to 1000 tick chart with 21 bar EMA (21 is a multiple of 3, may play around with a 27 which is perfect).

I also added a Woodies CCI and Stochastic Fast.



I did changed Fast K to green and Fast D to red, and i traded based on which color is on top AND double peaks or gorges with CCI and TCCI, Those both have to be in place, Typically CCI's lead Fasts. Enter on a 8/6 P/L then adjust and the movement is in my direction. It gives me confidence to stay in a trade longer.

The goal today is 10 trades or less $200 - $500 profit.

Doing pretty well at 9 am with a range market. Took 5 positions, one of them I got stopped out at 6 ticks loss, one at break even on adjustment, and one I lowered my limit when it went for correction having just come out of the break even stop to take 3 tick profit (could and should have let it run, but working on the confidence bit).

Then things got a little messy and I recovered at the end of the time (want to go back and mark up the chart, started doing it in the end but have to do the whole day):





I did trade over what I wanted and ended up doing 21 trades. $37.5 for the day. My P/L is 1.098039216 which is long

Some morning entries on time bars


Ended up stopping out of that one at 2 ticks, The trend reversed at 2099.5 and then continued down.


Double peaks and a cross over. For short, nice 7 tick move to close ( did move the limit one bar and moved up my stops)

Started this thread Reply With Quote
 
(login for full post details)
  #18 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

So today i was forced by ToS to put my Big Girl Panties on and move to NJ cause no back data was loading. Having been still trading 8th and 9th of June with intention to trade 10th today and not being able to figure out how to turn on the June contracts data I jumped into the 22nd data.

Here is a quick summery, I will load the exciting trading videos for the past three days tonight, as well as my self analysis and journals. I know you will have tons of fun watching me fall on my face trying to enter orders on NJ and totally making a mess of it Otherwise I am very glad to say I am a boring boring trader!




Started this thread Reply With Quote
 
(login for full post details)
  #19 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

It's annoying to have like 4 videos and trade journals needing to be loaded and no time to do them. Real world money calling.

Mode: Keep squeezing it in...

Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Ok, so all the crazy moving to another country done and now have residency! Time to get back in the game!

Q:

A local university said I can come by and use their Bloomberg Desk... Anyone played with it lately... Good to learn or no longer relevant?

Started this thread Reply With Quote
 
(login for full post details)
  #21 (permalink)
Thxo
West Java
 
 
Posts: 145 since Apr 2014
Thanks: 143 given, 123 received


Lady View Post
A local university said I can come by and use their Bloomberg Desk... Anyone played with it lately... Good to learn or no longer relevant?

Only if you're curious enough on what happened behind the chart (fundamentals)

Reply With Quote
 
(login for full post details)
  #22 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received


Thxo View Post
Only if you're curious enough on what happened behind the chart (fundamentals)

Do fundamentals actually matter anymore for day or swing trading? Especially on e-minis?

Would assume they may have a modicum of relevance if you're developing models or automated trading systems (use of certain words during reporting...)

Started this thread Reply With Quote
 
(login for full post details)
  #23 (permalink)
Thxo
West Java
 
 
Posts: 145 since Apr 2014
Thanks: 143 given, 123 received


Lady View Post
Do fundamentals actually matter anymore for day or swing trading? Especially on e-minis?

Different people will give you different answer.
in my opinion yes it is.
I think currency is one of the easiest to trade with FA/Sentiment. The reasons are many, but basically we have two parts to compare.

I had read somewhere that E-Mini (intraday) is more easier with technical or orderflow based analysis.

Lady View Post
Would assume they may have a modicum of relevance if you're developing models or automated trading systems (use of certain words during reporting...)

Very possible, i bet millions are already doing it.
this is not the most relevant example out there, it just the one that comes to mind https://www.rinfinance.com/agenda/2013/talk/JiahanLi.pdf
although not much (around ~1%) there's some form of linear predictability. But such an edge is still edge when translated into p/l as you can see from the studies.
If linear models using simple predictors can achieve such results, maybe our non-linear human mind can fare better.

Reply With Quote
 
(login for full post details)
  #24 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Getting back in. Playing around Momentum and intensity. Getting a hang of things again...

Looking at trends and multi instrument divergences.


My log, a pretty good run but a lot of draw down.


Clearly need to manage my stops, but good 14 to 7 p/l now I have to stick to rules of entry and exit and knock them into my head...

Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

I accidentally entered a naked contract... and decided to just go with it... did not get stopped out... and managed an almost 90% p/l with $10,000+ for the day (real time in sim)






Started this thread Reply With Quote
The following user says Thank You to Lady for this post:
 
(login for full post details)
  #26 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

Came up with strategies. They are pretty tight, do not happen often but are pretty risk averse.

For Up Trends




For Down Trends



Used them for a bit and when I stuck to the rules, I made good money... But they do not happen often, so I cowboyed in chop which gave money back... SOMEBODY needs to amend for bad behavior by executing 20 of these and only these...

The trade plan rules are:

Locate a trend by compering multiple time period charts.
Locate Support and resistance levels
Calculate STOP LOSS and TAKE PROFIT
Apply MONEY MANAGEMENT for MAX RISK
Calculate how many Ticks is Max Risk
Buy off SUPPORT OR RESISTANCE, after it has been tested
Move to break even plus 1 tick.
Add another position.

I'm going to structure it off $2000, yes I know, but limits are good. When I live trade, I have $5000 for start but only risk off $2000... So my position size is one contract... So my Max tick risk for 1-3% are:

Risk ES NQ TF/CL
$60 3% 5 12 6
$40 2% 3 8 4
$20 1% 2 4 2

Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received

So it's been a while. Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy. As hormones and lack of sleep are not exactly the best for head space for trading. We'll see how this will go.

Started this thread Reply With Quote
The following 5 users say Thank You to Lady for this post:
 
(login for full post details)
  #28 (permalink)
 Grantx 
Legendary no drama Llama
Reading UK
 
Experience: None
 
Posts: 1,787 since Oct 2016
Thanks: 2,807 given, 5,024 received


Lady View Post
So it's been a while. Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy. As hormones and lack of sleep are not exactly the best for head space for trading. We'll see how this will go.

Good luck. I'll be following your journal with interest. How do you deal with the intense emotional rollercoaster, meditate,walk,socialise,sleep,exercise,special diet...something else?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #29 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 979 since Sep 2013
Thanks: 2,452 given, 1,764 received


Lady View Post
Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy.

Many congratulations.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matthew28 for this post:
 
(login for full post details)
  #30 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
 
Posts: 80 since Jun 2015
Thanks: 14 given, 43 received


Grantx View Post
Good luck. I'll be following your journal with interest. How do you deal with the intense emotional rollercoaster, meditate,walk,socialise,sleep,exercise,special diet...something else?


haha, that's a constant work in progress, no?

The best I have found is being aware of your heart rate and breathing and actively managing it. Not an easy thing. But when I was in middle school and high school I learned to control body temperature, and you can raise your body temperature by accelerating your heart rate with your breathing and tension of your body. Used that for a noble cause of getting sent home by the nurse haha. Still not a master, doubt I ever will be, but the mechanics are similar, reduce heart rate and breathe well with awareness. At least that's how it was before... Now I have to find a way to manage by breath while managing a monkey... should be interesting.

I am not a zen person in life, hard to fight nature, I've talked with my hands my whole life. And my head is typically going 100 miles an hour (it's gotten a lot better since moving out of the US, used to go 1000 miles an hour). And I could never make it through a whole yoga class or day nap in my life so those are definite no. I do mostly eat a clean ethnic diet of mostly unprocessed grains, meats, and vegetables, a lot of fermented foods, and not a lot of sweets outside of fruits which helps with cognition. I'm a strongly into neurological function and the blood brain barrier function (central nervous system function), which is impacted by your digestive system (I'm not into drugs proscribed or otherwise as they tend to have long term impact by messing with gene expression and receptor connections, "messing with your head"). Ethnically (Russian), my culture has an obsession with the Lymphatic system function, which is also a big factor in managing neurology. The irony is that science is just discovering that there are connections between those, when my culture has been practicing strengthening the lymphatic system for centuries but science is just now coming out that it being important in brain function. If all that interests you, there is also the emerging area of Epigenetics which is great for understanding how the brain part of the machine (your body) functions. And if you have a better understanding of why you do what you do and how the mechanisms work and what impacts them, it can give you insight no how to control them. It's being your own scientist after that, experimenting and taking notes haha.

Started this thread Reply With Quote
The following 3 users say Thank You to Lady for this post:


futures io Trading Community Trading Journals > Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading!


Last Updated on April 29, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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