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OneUp Trader Evaluation ($50,000) - Lead's Trading Journal

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  #1 (permalink)
lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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Hi all,

I am so glad to be part of futures.io and I believe the experience will be worthwhile. This trading journal is to help me hold myself accountable and also seek expert's contribution to better aid my trades.

I successfully registered for a $50,000 evaluation with OneUp Trader. I am very much impressed with the trader's profile and the promptness in answering my mails, considering I reside in west africa and they operate from the states, I suppose.

Note: I am not in anyway affiliated with OneUp Trader.


I was first introduced to the world of futures during my Msc programme in the states in 2013. I have traded live and demo during this period in an on and off pattern. My greatest limitation has been availability of fund considering I prefer risking 1% or below during each trade.

The trading methodology will be based on Al brooks and PATs Trading.

Instrument - CL (Crude Oil)

Chart - Tick Chart (800 ticks)

Time of trade: London and New york


I will be posting my trading plan in the next post


Regards

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lead
Lagos/Nigeria
 
 
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No. of Trades per day CL 2
ES 2

CL 60% win ES 70% win
40% Loss 30% Loss

The R Ratio Risk:Reward 1 to 2 Risk:Reward 1 to 1

Wins 1200 Wins 700
Losses 400 Losses 300

R 3 R 2.333333333

Maximum Drawdown ES $200 Per day
$500 Per week

CL $200 Per day
$500 Per day

Trade Time ES New York Session 3pm - 6pm WAT
CL London session 9am - 12pm WAT


Trading Edge 1 EMA Pullbacks in Strong Trends
2 Clear and strong reversals after major trendline breaks and retest of TL
3 First Hour failed breakouts and breakout pullbacks of patterns from prior day


Trade Break After 100 Placed trades
Break Duration 2 - 5 days


Limit Up CL 8% $400
ES 8% $400

Limit Down CL 4% $200
ES 4% $200


Exit Strategy For trend When stock crosses the 21 EMA of the 800 tick chart (CL) and 2000 tick chart (ES)
2 ticks away from closest support/Resistance

For range 2 ticks away from closest support/Resistance

Book of Wisdom Read each chapter of the Book of proverbs as it corresponds to the day

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lead
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Trade one:

Entered a sell order at about 9:02 WAT. A pullback to the 21 EMA. The market couldn't get to my TP of 20 ticks, it was just 2 ticks shy. I noticed a reversal pattern and considering that I am a momentum trader, the trade was making no head way for close to 30 minutes (thereby creating a barb wire formation). I decided to exit my position with a +9 ticks win at about 9:40am WAT.

My instinct was right afterall. The market went bullish.

Chart...

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lead
Lagos/Nigeria
 
 
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Trade 2

I entered a sell order at about 3:40 pm, 10 minutes after the inventory release. I waited for the break of a strong support line (Low of yesterday's trade). After the break, I waited for a pullback after the formation of 3 bearish candle stick. My TP of +20 ticks was hit at about 3:41pm. The trade lasted for just a minute.


Word of Wisdom: Sometimes the best trade is not to trade.

Chart;

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 matthew28 
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Hi,
You are off to a good start. Good luck with the evaluation and getting yourself funded.

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lead
Lagos/Nigeria
 
 
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Another trade day. It was not exciting not because I did not win but because i failed to stick with one of my rules.

Anyway, I'm a work in progress and that's the more reason why I applied for oneUP Trader so has to improve my trading discipline.

Trade one : This sell trade was entered by 9:04 and my SL was hit at about 9:16 pm. The loss of this trade gave me a reason to have an indicator to specify overbought or oversold region.

Result : -10 ticks

If you look at the chart, you will realize it is a good pullback setup but the strong bullish pullback bar and the oversold region gave me up.

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lead
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Yes I admit, I broke one of my rule by going beyond the total number of trades of 2.

I placed 3 trades today. Ideally, my rule states that I close for the day, after 2 trades. Win or Loss.

I have understudy myself and this rule has helped me greatly.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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Trade 2 was also based on the EMA pullback and the same reason for its fail could be attributed to fact that I was buying in an overbought region. So I believe the probability was further reduced because of the "overbought" factor.

It is important to note that I have never used an indicator on the futures except for the 21- EMA. After 2 consecutive losses, I had to scrutinize the chart to see what went wrong. On adding the MACD, on the chart, I realized two things

1. I sold in an oversold area for Trade 1
2. I bought in an overbought region for Trade 2.

I decided to use MACD for the sole purpose of validating my entry (based on overbought or oversold), Since I am on the lookout of just 2 high probability trades per day.

Trade 3 was sheer indiscipline. I am still trying to figure out why the trade was placed. I believe My psychology is already programmed for 2 trades in a day. So I guess that's why I acted rashly.

The Mistake was made. I have forgiven myself. I am ready for friday.

Trade 2: - 8 ticks
Trade 3: - 10 ticks.

The journey of a thousand mile begins with an intent then it is followed by a step.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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I just took one trade today. I feel like beating myself up considering that I already had a thing for friday.

On Friday and mondays, I usual aim for 10-15 ticks because the market tend to be sloppy.

The market went 18 ticks my way and rebounded. Notice from the chart, the market came to test that low again. This is a regular occurrence in CL. I could've adjusted my TP to that point considering that the bullish bar was quite strong.

Anyway, I exited the trade with 9 ticks because the market is becoming sloppy.

Note: I switched to the August contract month because there was more action going on there. After all, I believe the present month contract is expiring on the 17th (Tomorrow).


Trade Outcome: +9 pips

Contract size = 3

I usually trade just 2 contracts per trade but I entered the market not knowing I am yet to select my ATM strategy.

Overall Week performance: Achieved roughly 8.3% of my profit target for the week
Total No of Days traded: 3

About OneUp:

On the side note, an RT of $5 per contract is really biting. I see myself as a scalper, the only difference is that I limit my trades. Anyway, I will advice folks that want to try OneUp Trader (OUT) out to really factor this in.

I was really impressed about their trade analysis on the trader's profile. One simple word to qualify it - Professional. I may share some of it with you folks.

.....................................................................................................................................................................................

On a final note, I will like to share a word of wisdom I encountered today. quite deep, I must say.


The lot is cast into the lap; but the whole disposing thereof is of the LORD. Prov 16:33

--This is so about trading as it concerns me.

Have a great weekend house.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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Today monday was quite exhausting for me since I had my first setup after 5 intensive hours of staring at the screen (I know )

Anyway, I started the day by 8:02 am WAT (London session) and wrapped it up by about 2:52pm (Just after the start of New york session).

I waited for about 5 hours before I could see a high probability setup based on my trading system. I took only one trade for the day considering it is monday (snail pace and filled with so much uncertainty, guess traders are yet to get over their weekend break).

My entry from the chart below is based on 2 basis

1. The break of a bullish trendline. I waited for all the bullish bars to form and the reason for the wait is because I could not vouch for any high probability buy trade based on my setup. And another reason why sentiment was bearish is because price was close to the high of Last friday.

2. Second entry pullback - This setup is really good but it requires patience. At times, the new trend may not give one a clear opportunity to join other traders ride the trend.

During the weekend, I tried to understudy order flow. Quite interesting I must say. So in today's trade, I put on the SuperDOM to have a feel. Though my trades were not based on the information I could perceive from the order flow data, I believe it is a very useful tool if one have a proper understanding of its implementation.

I'm considering adding it to my trading arsenal once I get a good grasp of the concept of order flow setup.


I stopped trading for the day because I realized I was having a bad migraine and entering a trade after 7 hours of staring at the screen may not be a good idea.

Result: +15 ticks

Wishing you all the best in your trades.

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lead
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Posts: 26 since May 2017
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Today being tuesday, I expected traders to have figured out where their trades would be placed. I envisioned a momentum today because of yesterday's Newyork session.

It was a typical day and I executed 2 trades for the day.

Trade 1:

The trade was based on a break of a bullish trendline (This bullish trend was more like a retracement based on the primary trend which is bearish in nature). The probability of that setup was increased because of the bearish nature of last night. I entered the trade at about 10:29am WAT and exited at about 11:41am WAT. My exit was facilitated because of the price action proximity to the low of the day. So I felt it was advisable to exit at that point. The market actually moved more than 90 ticks after my exit.

Am I disappointed about this? Not really. I have come to accept that the market has numerous opportunities to offer. Some will be caught and some will slip through one's fingers and even some opportunity will betray you. The most important thing is sticking to my rule.


Trade Result: +15 ticks

See chart below

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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I tried to look for a comfortable pullback based on my SL after the break of the day's low.

I couldn't find any that meets my trading setup. Guess the bears were so ferocious. Once I noticed the momentum has greatly slowdown ( I know this by the number of bears and bulls present), I was on the lookout for a small retracement since the probability of reaching my TP (of +20 ticks) have greatly diminished.

I managed to scalp +8 ticks. Time of Entry - 11:33 am WAT, Time of Exit - 11:41am.


Trade result: +8 ticks.

See chart below...


Wishing you all a good trade day.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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Today was another interesting day, I must say.

I started the day at about 7:59 am WAT.

Entered a sell order at 9:06 am my time after a retracement and exited at about 9:22 am with +3 ticks win. An error occurred while placing the trade due to my internet connectivity. My Stop order could not be filled, so I had to use market order. The moment I clicked the market order, both the stop and market order were filled, meaning I'm now trading 4 contracts instead of the usual two. I must admit my internet service is quite poor.

Result: + 3ticks.

Chart below

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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Trade 2:

Entered a sell order at about 14:09 pm my time because of a break of the bullish trendline. I exited at 15:00 with a -10 ticks loss. The trade was virtually in an equilibrium state because of high anticipation of the traders as a result of the incoming crude oil inventory news.

Result : - 10 ticks.


Trade 3:

Now this is my first attempt of trying something like this. I traded the news with a buy stop since from my findings (research), I believe there will be an initial strong bullish sentiment because of the Iranian news (that was released 2 hours back). My bullish sentiment was also backed by the news event of last week. Last week during the news, the bulls were in charge for like say 10-15 seconds, this spike can be very profitable if you're in the winning end.

I'm not a fundamentalist but the sentiment was too strong to ignore. I did set my TP of 40 ticks and SL of 10 ticks at about 15:28 my time (2 minutes before the news). The trade lasted barely 10 seconds and I was out with a +40 ticks.

The secret to this trade is that I set my mind for a loss while placing this trade, so I believed that helped me to face any outcome whatsoever.

Result : + 40 ticks.


Chart below for Trade 2 and 3

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lead
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Yet another interesting day. Started trading at about 7:58 am my time and closed for the day at about 3:06 pm.

Followed my setup but broke a few rule that cost me.

The third trade was filled rage, so the trade was emotionally placed. I pray to be very disciplined soonest. But I will give kudos to myself for accepting the loss and went on to call it a day.

All trades occurred in the space of 1 hour. So that's a red flag there.

Trade one was based on a based on the break of a bullish trendline. The SL used was 12 ticks. This factor was considerate for me to have ignored the trade. As you might have rightly guessed, it was a lost trade. My rule could have saved me if only I adhere to it.

Trade two was a retest to the broken bullish trendline. This setup was okay but I guess the bulls were really hitting on cylinders. I managed to scalp out 4 ticks.

Trade three was a revenge trade. I am disappointed in myself but at the same time, I give myself kudos to stop when I ought to stop. I bought a break of the support line. I lost 10 ticks in this trade.

General trade outcome = - 18 ticks.

The market took back some of my profits of yesterday . Well, tomorrow is another day.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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As we all know fridays can be

I was in the market as early as 7:52 am my time (WAT). From my observation of the market, I decided I was going to scalp out the little the market has to offer

Anyway, Here goes the summary.

After waiting for about 5 hours, I traded my first by 1:01 pm. I will encourage anyone reading this to try to sit in front of their computer screen for at least 3 hours to see how the market plays out. The market is the best teacher out there, spending quality time with it will aid your learning.

I know for CL, the volatility set in between 8:30 am EST - 10:30 am EST (Newyork time) but still I insist trading from the London open down to when the market is at its peak.

The amount of information you can get from this practice is immense. This act will

1. Strengthen your resolve to remain disciplined. Imagine staring at the screen for 5 hours without placing a single trade. Now think about that.

2. The hours you spend viewing and analyzing the chart consciously or unconsciously build your patience attribute.

3. You are building the professional trader trait. Let me let you on a secret. Professional traders can spend all the whole day viewing the chart without placing a trade for that day. I hope to get their someday.


Trade one: It was a rangy today, so I targeted sell setup at the top with the aim of scalping between 4-10 ticks.
The first trade ended by 01:11 pm with a +6 ticks scalp.

Trade two: Entered at about 1:54 pm and exited at about 14:01 pm with a scalp of +4 ticks.


Total ticks: +10 ticks.

This week was good and I am getting closer to my objective (Profit target)

My aim next week is to improve on my trading skill and learn from the shortcomings of this particular week.

Do have a great weekend ahead.

Quote form Stoicism

Practice yourself, for heaven's sake in little things, and then proceed to greater. Epictetus


Chart is attached below

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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I opened up my chart at about 8:03 am WAT. All the trade setup are pullbacks.

The approach today was based on scalping rather than waiting for my TP to be hit. I will like to state here that on modays and fridays, I prefer a TP of 15 ticks if TP were to be hit.


A total of 4 trades were taken today and all were based on sell setup. No need going through all trades in details because they are all based on the pullback setup.


Trade 1: I took this trade in a haste considering the signal bar used to enter the trade is not much of a reversal bar (and it is even bullish in nature). My SL was hit then after 2 ticks or so, it continued in the predicted direction.

Entered at about 10:04 am and SL was hit by 10:07 am

Trade outcome = - 11 ticks

Trade 2: Entered at about 5 minutes after the first trade. The market moved 12 ticks my way then showed a strong sign of reversal, so I exited with +4 ticks.

Trade outcome = + 4 ticks

Trade 3: Pullback setup , supported by a break in a strong bullish trendline. Exited with a +11 ticks profit

Trade 4: Based on pullback and a retest of a resistant zone. Scalped out +7 ticks


Total Trade Outcome - + 11 ticks.

Because the trades were much in my own definition, proposed commission of $5 by OneUp Trader reduced my profit margin drastically. But I'm grateful for what the market was able to give me today.


I have included a chart showing all trades since the trades occurred frequently.


Quote for the Start of the Week

Proverbs 21:5 - The plans of the diligent lead surely to advantage, But everyone who is hasty comes surely to poverty.

Have a great day.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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If you did trade the Crude Oil today or still at it, I believe you have an ideal of how erratic the market was today. Not an impressive day I must admit but that says alot about the fluidity of the market.

I started the day by 8:01 am.

Had only one trade. It was taken at 2:00pm and exited with a small scalp of 3 ticks at 2:35pm


Trade outcome: + 3 ticks.

It is far better than a losing day if you ask me.

Chart attached...

Believing tomorrow will be better.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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I could have just walked away
I could have just stick to my rule
Well, my wish can not rewrite my mistake
Next time, I should remain grateful.


Anyway, after making my last post, that inner voice that represents the negative charge of we human being whispered.

I choose to write this so anyone can learn from it especially myself.

I opened my chart back to see if an opportunity exist after calling it a day. It took me less than a minute to put in trade. The result ofcourse is deserving.

God and nature were merciful to me cos the ATM strategy was not selected so I was only trading 1 lot size.

The market in less than a minute moved 27 ticks against my direction.

Trading is simple but never easy. I hope my journal entry will remind me of my pitfalls and help me to climb to being a professional trader soonest. This is roughly my 5th year in the futures market.

I know the technicalities but not having a proper psychological stance could prove detrimental.

The market went 27 ticks against me because there was no SL considering I did not use my ATM strategy for entry.


Well that is it for now. And yes, I'm calling it a day.


Au revoir for Now


Chart attached...

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 matthew28 
Legendary Elite_Member
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lead View Post
I opened my chart back to see if an opportunity exist after calling it a day. It took me less than a minute to put in trade. The result ofcourse is deserving.

There can't be many people here who haven't done that.
The only thing that works for me when I decide to stop is to close my platform and switch off the computer and go and do something else. Especially if I have lost money I always have the temptation to try and make it back and I invariably trade badly and usually lose more.
Looking at your chart it looks like the trade lasted about ten minutes. I use a rule that if I enter an impulse trade, or a trade against my rules I will hit out and exit straight away and accept the small loss. Easier to say than do I know.

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lead
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matthew28 View Post
There can't be many people here who haven't done that.
The only thing that works for me when I decide to stop is to close my platform and switch off the computer and go and do something else. Especially if I have lost money I always have the temptation to try and make it back and I invariably trade badly and usually lose more.
Looking at your chart it looks like the trade lasted about ten minutes. I use a rule that if I enter an impulse trade, or a trade against my rules I will hit out and exit straight away and accept the small loss. Easier to say than do I know.

I guess shuttin down the system cld ve helped. Sorry, yes the trade lasted about 10 minutes. I actually meant my entry decision took less than a minute. Sorry for the misinformation.

It is so funny that I waited 5 hours to scalp just 3 ticks and what am I thinking when I entered a trade based on less than 1 minute analysis expecting my TP of 20 ticks to be hit?

One major reason for the loss is because I was in a haste to hit my profit target this week. Guess I have no other choice but to learn from this shortcoming.

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
Thanks: 4 given, 22 received

There comes a time in a traders(especially the amateur ones) life where you have to handle losing trades.

I guess I'm in that cross road.

I switched to Fibonacci chart setup to see how I can realign well with the professionals. Not afraid to try new things. Also I went through my charts and realized that I made 80% of my wins during the most active hour (1pm-3:30pm my time). My strategy is based on momentum trading and a low volatility market will see scalping tiny ticks and risking too much.

I have decided to trade the hours that are more volatile. And I will making using of 610 ticks to see more opportunity.

This two changes, I believe will help me structure my trading system well.

I took 3 trades today. What is more important is that I sticked with my trade setup despite having a loss of 14 ticks.

Trade one fetched me +7 ticks (Ideally if this trade was during the active hour, I'm likely to hit at least 15 ticks considering there is no resistance ahead of the price action.

Trade 2 and 3: Typical pullbacks setup. From the chart, the setups were great but this kind of setup (pullbacks) works very well during active session.

I will spend the remaining of today analyzing the Active session of CL and see how I can optimize this session.


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  #24 (permalink)
 LDog 
Lexington KY/USA
 
Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker: TDA, OANDA,AMP/CQG/SC
Trading: Looking for it/them
 
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lead View Post
... And I will making using of 610 ticks to see more opportunity.

...

If you want to REALLY see more, try looking at CL with a 89 tick chart
(not making a recommendation, just giving you something else to look at)

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  #25 (permalink)
lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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LDog View Post
If you want to REALLY see more, try looking at CL with a 89 tick chart
(not making a recommendation, just giving you something else to look at)

Sure you are right but I don't think I'm fast enough to pick those trades and again we've to factor in commission. I believe that AlgoTrade will fit in nicely in your recommendation

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lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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It is important to state here that my new adjustment is to help me see what is happening in other sphere. I have seen successful traders use 800, 377 and 610 tick charts. My ultimate aim is to improve my trading and make it more better.

So far, I can say the following regarding the 800 ticks

- In the london session, typically, it takes one bar 10-15 minutes to complete
- It is far effective when trading support and resistance line.
- The trades based on this chart should be based on momentum. Since we are looking at grabbing 15-20 ticks in a matter of minutes.
- All My TP of 20 ticks were hit during the New york session
- From my short experience, an ideal TP of 10-15 ticks will be well suited for the New york session
- Scalp of 3-7 ticks is more feasible during the London session.

While I will be trying out other tick chart (377 and 610), I will also leave my 800 ticks chart open.

Though my account balance has a drawn down now, it is important to state here that in a space of 9 days, I achieved about 58% of the profit target required by OneUp. This is to help see reason not to totally eliminate my present strategy but rather find feasible ways to refine my trade system.

In The trading environment, a saying goes thus.:

Change is inevitable in the unchanging market environment

Re-read the above quote once more.

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  #27 (permalink)
lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
Thanks: 4 given, 22 received

I did not update my trades yesterday but I promised I will try to post on it today.

On wednesday during the News hour, The market humbled me and the effect still resonated to my yesterday's trade. The volatility of the crude oil on the inventory report was so spiral and ofcourse detrimental to someone like me chasing the market hoping to be among the elite thread starters

Anyway, most folks here ve read similar story about account being blown and other similar scenerio, so I will save you all the stress of narrating how I ended starting from scratch (sub zero). Just lucky, I have not broken any rule.

Trading, though a simplistic game, is so subtle and nerve wrecking. I ask myself, why is it so HARD to stick by my own self made rule or are the rules not feasible in a typical market condition.

I have been doing some soul searching and putting reason to play since 2 days back.

And I hope to continue documenting my progress as I go through this path of being a professional trader.


GOD. STOICISM. LIFE

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  #28 (permalink)
 kickmic 
Melbourne, Victoria, Australia
 
Experience: Advanced
Platform: NinjaTrader + Gomicators
Broker: InteractiveBrokers, CQG
Trading: 6A
 
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lead View Post

I switched to Fibonacci chart setup to see how I can realign well with the professionals.

I took 3 trades today. What is more important is that I sticked with my trade setup despite having a loss of 14 ticks.

Hi, please note this intended to be useful feedback, not an attack or criticism

With regard to your comments on Fibs, what evidence do you have that professionals use them?

Also, it's utterly useless to gain any insight from just three trades. You want meaningful sample sizes of trades to draw meaningful conclusion

Good luck

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  #29 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
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Posts: 541 since Jun 2016
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@lead you've been doing good, why are you changing your method and try using fibs? Yes, I can see sometimes you hold your loser too big, but that's pretty much it.

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  #30 (permalink)
lead
Lagos/Nigeria
 
 
Posts: 26 since May 2017
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I appreciate all the inputs. Though, I didn't break any of the rule, I mailed Oneup regarding cancelling the evaluation.I took this step to help guage my trading. I am presently during an intensive evaluation of my trading system. Sorry i'm yet to update the house on my result so far.

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  #31 (permalink)
area
Colombia
 
 
Posts: 3 since Apr 2013
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hey guys, how did it go with oneup trader? im thinking of applying, is it trustworthy?


sincerely, Andres

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  #32 (permalink)
 mrphr 
London
 
Experience: None
Platform: .
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area View Post
hey guys, how did it go with oneup trader? im thinking of applying, is it trustworthy?
sincerely, Andres

Yes I have being trading live with them for a week now.


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  #33 (permalink)
area
Colombia
 
 
Posts: 3 since Apr 2013
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is there anything like topsteptrader or oneuptrader but not for futures, i want it for forex,

thanks, Andres

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  #34 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
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@area

TopstepFX ? Forex trading, reinvented.

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  #35 (permalink)
area
Colombia
 
 
Posts: 3 since Apr 2013
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thnks, is there a cheaper one?

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  #36 (permalink)
supreme23
Vancouver
 
 
Posts: 29 since Apr 2018
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lead View Post
No. of Trades per dayCL2

ES2



CL60% winES70% win

40% Loss30% Loss



The R RatioRisk:Reward1 to 2Risk:Reward1 to 1



Wins1200Wins700

Losses400Losses300



R3R2.333333333



Maximum DrawdownES$200 Per day

$500 Per week



CL$200 Per day

$500 Per day



Trade TimeESNew York Session 3pm - 6pmWAT

CLLondon session9am - 12pmWAT





Trading Edge1EMA Pullbacks in Strong Trends

2Clear and strong reversals after major trendline breaks and retest of TL

3First Hour failed breakouts and breakout pullbacks of patterns from prior day





Trade BreakAfter 100 Placed trades

Break Duration2 - 5 days





Limit UpCL8%$400

ES8%$400



Limit DownCL4%$200

ES4%$200





Exit StrategyFor trendWhen stock crosses the 21 EMA of the 800 tick chart (CL) and 2000 tick chart (ES)

2 ticks away from closest support/Resistance



For range2 ticks away from closest support/Resistance



Book of WisdomRead each chapter of the Book of proverbs as it corresponds to the day



What just happened in this post ? Looks rather confusing

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  #37 (permalink)
TheDaxTrader
Sandbanks, Dorset
 
 
Posts: 16 since Jan 2019
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I signed up today and as far as I can see, it all looks ok so far.

I am pretty sceptical normally, but after some reading and reviewing, I am encouraged by what I've found.

In summary I have learned the following:
The instructions are pretty clear on their site and control panel
They prefer you to use NinjaTrader but you can use Sierra Charts too (and many others)
The setup is straight forward
You pay a monthly subscription ONLY during your evaluation phase, however long that takes you
You are evaluated for 15-days by which you have the usual risk/bankroll management controls to adhere to
It's futures only
Upon passing your 15-day evaluation, you go into 'probation' for a period of 90 days.
If you fail to qualify, you can 'reset' your account by paying $100 to have another go for 15-days and your subscription continues to be paid monthly until you pass. This will likely filter out the gamblers.

Would it help if I shared some more of the rules as I find them?

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  #38 (permalink)
TheDaxTrader
Sandbanks, Dorset
 
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received


area View Post
hey guys, how did it go with oneup trader? im thinking of applying, is it trustworthy?


sincerely, Andres

I signed up today, I guess I am still looking for others to confirm that their experience was good.

So far I have enjoyed what I have seen on their site.

I signed up for the 50k account and I need to hit a profit of 3k in 15 days, without hitting my loss limits.
I'm trading single contracts on the YM and ES with a 50k demo during my evaluation.

I'm going to be using a momentum strategy as they tend to run nicely when you catch it.

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  #39 (permalink)
 RDK91 
Antwerp
 
 
Posts: 454 since Jun 2016


TheDaxTrader View Post
I signed up today, I guess I am still looking for others to confirm that their experience was good.

So far I have enjoyed what I have seen on their site.

I signed up for the 50k account and I need to hit a profit of 3k in 15 days, without hitting my loss limits.
I'm trading single contracts on the YM and ES with a 50k demo during my evaluation.

I'm going to be using a momentum strategy as they tend to run nicely when you catch it.

Isn't the rule that you must trade a minimum of 15 day's? The evaluation continues after that, untill you failed or completed with a payment every month as long as you are in the evaluation account.

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  #40 (permalink)
TheDaxTrader
Sandbanks, Dorset
 
 
Posts: 16 since Jan 2019
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RDK91 View Post
Isn't the rule that you must trade a minimum of 15 day's? The evaluation continues after that, untill you failed or completed with a payment every month as long as you are in the evaluation account.

As far as I am aware, you have a 15-day period in which to achieve your profit target. I don't believe it's a minimum of 15-days. More like a maximum.

If you achieve target within the 15 days, for example after day 8, you can submit your request to be 'validated'. The OneUp team them assess your results and decide whether or not to promote you into their probation period. This period is also classed as being funded.

I am led to believe that the monthly fees only happen during evaluation, not probation. If you fail evaluation, but wish to have another attempt, your monthly fees will continue.

I'll know more next week.

After day one I am $405 towards my $3,000 target. I am keeping a video blog which I will splice together at the end

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  #41 (permalink)
 tr8er 
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 470 since Jan 2017
Thanks: 29 given, 412 received

You should read the rules once more, of course RDK91 is right.

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  #42 (permalink)
TheDaxTrader
Sandbanks, Dorset
 
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received


tr8er View Post
You should read the rules once more, of course RDK91 is right.

I wasn't sure which person you were replying to, but if it was to me as the last person to comment on the thread then I'll share what I read so far from the website, perhaps it will help some folks.

I have two concerns.

1 - There is a spelling/grammar mistake on the Getting Funded Process
2 - The website where I took this information from is not secured, meaning no valid SSL certificate. As a website owner myself, that's a problem for me.

However, perhaps the information will be of some use. I continue with my trial.


How does the billing work?
We charge you every month for The Evaluation monthly costs starting from your sign up date, and your account automatically renews apx every 30 days till you meet your goal or cancel your account. (renewals day is same as your signup day. Example: Jan 1 signup, renewal will be scheduled Feb 1)

All your trade history, executions, days traded continue on beyond your renewal date and no new accounts get reset. Your monthly renewal DOES NOT reset your balance or account.

ONCE FUNDED: All recurring payments stop on day of funding approval from our partners.
Traders may also reset their balance and rules at anytime for $100* through the member's area.
*Note: Resetting your account will not affect your monthly renewal date


Getting Funded Process
The funding process should take a few days after you approval. After completing the Evaluation phase, we submit your results to our funding partners, and upon approval, you will receive and complete the trading contract and other documents needed by our funding partners. Within a short period, the account will be created and you will receive your account login credentials and be enabled to trade your Prop Account.

Pass the Evaluation
Complete the Trader Questionnaire
Complete the Trader Contract
Get funded with our Prop partners.

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  #43 (permalink)
supreme23
Vancouver
 
 
Posts: 29 since Apr 2018
Thanks: 19 given, 9 received


TheDaxTrader View Post
I wasn't sure which person you were replying to, but if it was to me as the last person to comment on the thread then I'll share what I read so far from the website, perhaps it will help some folks.



I have two concerns.



1 - There is a spelling/grammar mistake on the Getting Funded Process

2 - The website where I took this information from is not secured, meaning no valid SSL certificate. As a website owner myself, that's a problem for me.



However, perhaps the information will be of some use. I continue with my trial.





How does the billing work?

We charge you every month for The Evaluation monthly costs starting from your sign up date, and your account automatically renews apx every 30 days till you meet your goal or cancel your account. (renewals day is same as your signup day. Example: Jan 1 signup, renewal will be scheduled Feb 1)



All your trade history, executions, days traded continue on beyond your renewal date and no new accounts get reset. Your monthly renewal DOES NOT reset your balance or account.



ONCE FUNDED: All recurring payments stop on day of funding approval from our partners.

Traders may also reset their balance and rules at anytime for $100* through the member's area.

*Note: Resetting your account will not affect your monthly renewal date





Getting Funded Process

The funding process should take a few days after you approval. After completing the Evaluation phase, we submit your results to our funding partners, and upon approval, you will receive and complete the trading contract and other documents needed by our funding partners. Within a short period, the account will be created and you will receive your account login credentials and be enabled to trade your Prop Account.



Pass the Evaluation

Complete the Trader Questionnaire

Complete the Trader Contract

Get funded with our Prop partners.



Do you work for them ?


Sent using the futures.io mobile app

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  #44 (permalink)
TheDaxTrader
Sandbanks, Dorset
 
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received


supreme23 View Post
Do you work for them ?


Sent using the futures.io mobile app

No I do not.

I presume you've looked at how young my profile is and made the incorrect assumption that I have some hidden agenda. It's a shame that this is your default line.

I am simply sharing my experience

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  #45 (permalink)
 RDK91 
Antwerp
 
 
Posts: 454 since Jun 2016


TheDaxTrader View Post
I wasn't sure which person you were replying to, but if it was to me as the last person to comment on the thread then I'll share what I read so far from the website, perhaps it will help some folks.

I have two concerns.

1 - There is a spelling/grammar mistake on the Getting Funded Process
2 - The website where I took this information from is not secured, meaning no valid SSL certificate. As a website owner myself, that's a problem for me.

However, perhaps the information will be of some use. I continue with my trial.


How does the billing work?
We charge you every month for The Evaluation monthly costs starting from your sign up date, and your account automatically renews apx every 30 days till you meet your goal or cancel your account. (renewals day is same as your signup day. Example: Jan 1 signup, renewal will be scheduled Feb 1)

All your trade history, executions, days traded continue on beyond your renewal date and no new accounts get reset. Your monthly renewal DOES NOT reset your balance or account.

ONCE FUNDED: All recurring payments stop on day of funding approval from our partners.
Traders may also reset their balance and rules at anytime for $100* through the member's area.
*Note: Resetting your account will not affect your monthly renewal date


Getting Funded Process
The funding process should take a few days after you approval. After completing the Evaluation phase, we submit your results to our funding partners, and upon approval, you will receive and complete the trading contract and other documents needed by our funding partners. Within a short period, the account will be created and you will receive your account login credentials and be enabled to trade your Prop Account.

Pass the Evaluation
Complete the Trader Questionnaire
Complete the Trader Contract
Get funded with our Prop partners.

So there it is, you have to complete the evaluation stage, which is a minimum of 15 day's and you are recharged every month until you pass or lose the evaluation account.

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