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My Journey with CL, NQ and YM


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My Journey with CL, NQ and YM

  #21 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

I elected to close the trade at +12. This was in my live account. I didn't make it in time for the TST account. One more trade for the day and I am done. In case anyone is wondering, I did go to sleep for several hours and have not been at the computer for over 12 hours. My daily goal is $300 in my live account or 3 successful trades. I am almost there!


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  #22 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923

How are you using the bands in your picture? Do you find them useful?

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  #23 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831



TheShrike View Post
How are you using the bands in your picture? Do you find them useful?

Thank you for the question!

For me, I find these levels extremely helpful for I have them set a certain number of ticks apart. Therefore, just by glancing at the chart I can determine if I have room for a trade, appropriate risk/reward and I use it to help me determine my overall trade bias.

I am currently on a trial with the indicator and plan on purchasing it. I am thinking about talking with the programmer to see if he would make a simple tweek for me so it will work exactly the way I am using it. Hope that helps!

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  #24 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92

Just a rookie question, what do you mean when you talk about 1L 2S and so on?
Thank you

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  #25 (permalink)
 
Comeback King's Avatar
 Comeback King 
Tampa, FL/USA
 
Experience: Intermediate
Platform: TradingView
Trading: NQ, ES
Posts: 269 since Aug 2016
Thanks Given: 191
Thanks Received: 382


BoltTrader View Post
I have a 2S on the YM with 2 contracts. I am keeping a tight stop of 6 ticks and a price target of +16 for a R/R of 1:2.5.
We will see.



I bought 990 too, had chances to exit for profit but I decided to hold out for my target price and ended up scratching at break even.

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  #26 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


DjRonin View Post
Just a rookie question, what do you mean when you talk about 1L 2S and so on?
Thank you

Thank you for the question! Here is how I evaluate price action:
  • 1L is the buyer's first attempt to go long
  • 2L is the buyer's second attempt to go long
  • 2LF means that the buyer's 2nd attempt to go long failed
  • Bear Trap
  • 1S is the seller's 1st attempt to go short
  • 2S is the seller's second attempt to go short
  • 2SF means that the seller's second attempt to go short failed
  • Bull Trap

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  #27 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


BoltTrader View Post
Here was my first trade tonight. It was in my live account. I unfortunately didn't have my TST account setup yet. The trade just completed for +14 ticks with 1K. Very quickly I was able to move this into a risk free trade after entry.

[/CENTER]


Well done!

keep at-her

..........
peace, love and joy to you
.........
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  #28 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Hi BT, I like your charts, although I don't think I could trade like that Keep up the good work!

While I don't trade price action, I have learned a lot from the Al Brooks webinars. Are u trading his method? (Or your adaption of it?).

I think success comes with putting a lot of little things together that make sense for you.

Best wishes and Good trading

Danny

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  #29 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


Ddawg View Post
Hi BT, I like your charts, although I don't think I could trade like that Keep up the good work!

While I don't trade price action, I have learned a lot from the Al Brooks webinars. Are u trading his method? (Or your adaption of it?).

I think success comes with putting a lot of little things together that make sense for you.

Best wishes and Good trading

Danny

Thank you Danny,

The people who taught me price action based their method on Al Brooks and individualized it for themselves then I have individualized what they taught me to fit my needs. Hope that helps!

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  #30 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


Sorry, about the delay. I missed all the good action today but managed to sneak in 1 counter trend trade for +10 ticks (only 1K) in my live account.



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Last Updated on March 7, 2017


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