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Discipline and Consistency - ES / E6 / ZN
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Discipline and Consistency - ES / E6 / ZN

  #1 (permalink)
Elite Member
Miami, Florida, USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
WolfgangAssets's Avatar
 
Posts: 35 since Jan 2018
Thanks: 13 given, 17 received

Discipline and Consistency - ES / E6 / ZN

Started to paper trade this Monday before going live. I will be trading mostly ES and 6E; and on occasions the ZN. I have backtested my strategy with profitability.

My goals with paper trading is to build discipline, consistency, patience, feel and flow of the market, and a calm mind while trading.

Chart: Heiki Ashi
TF: 15min
TF Entry: 5min / 512t
Contract Size: 1
Trading Hours 9 - 12pm
Indicators: Ichimoku and RSI

Minimum paper trading before going live : 1 month with profitability

Risk/Reward minimum: 1:3
loss per trade: $100
Daily loss: $150
Overall Draw Down Limit: $3000


I got a new job from 4-12am so I can trade in the morning, so I'm definitely committed and it's my priority right now to be successful and profitable.


Last edited by WolfgangAssets; March 20th, 2018 at 12:28 PM.
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  #3 (permalink)
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Sunday Night Market Analysis 3.18.18

ES
4HR Chart
Cloud: bullish
RSI: 40 trending down
Conclusion: high probability of price bouncing back up as it hits support of wide channel after RSI hits OS

15min Chart
Cloud: bearish
RSI: 34; trending down
Conclusion: look for price reversal to get in. Great entry point for upside.

3.19.18

-$100
-‎$50: Got taken out twice trying to go long.
+$462.5 As I noticed that price wasn't holding at the support of the TL; I saw an opportunity to short.
Total Daily P/L: +$312.5

6E
No setups


Last edited by WolfgangAssets; March 20th, 2018 at 12:31 PM.
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  #4 (permalink)
Elite Member
Miami, Florida, USA
 
Futures Experience: Beginner
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Favorite Futures: ES
 
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Posts: 35 since Jan 2018
Thanks: 13 given, 17 received

E6
Went short right after the nyse opening. I had gains of around $87 and just needed two more ticks for price to hit my buy limit but the price reversed quickly and I jumped out before it hit my stop loss.
-$12.5. As price seemed to go back down I went short again, as soon as I didnt feel it wasnt moving as planned I covered my short -$37.5

After that I stopped trading for the day.

I felt that my mental state was not the best, felt pretty exhausted from all the errands and work I did yesterday.

Total P/L: -$50

Sent using the futures.io mobile app


Last edited by WolfgangAssets; March 21st, 2018 at 03:11 PM.
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  #5 (permalink)
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Posts: 35 since Jan 2018
Thanks: 13 given, 17 received

E6

As price on the 15min chart was trending down after shortly testing a previous high (with RSI Over Bought), I decided to short. Price started to go in my direction but shortly reverse and stop me out -$75. As I noticed momentum and price wanting to test again the previous high one more time I decided to go long. on the 5min chart, there was a TK crossover with a cloud breakout. Price hit my sell limit: Gain +$243.75
Total P/L +$168.75

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  #6 (permalink)
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Probably won't trade the ES today. Feel tired from work, let see how my focus state is at 9am.

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  #7 (permalink)
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ES

4HR Chart
Cloud: Bullish
RSI: 33
Price Action: Price broke below cloud; price trading inside the wide channel, trending down to test support.

1HR Chart: Bearish Cloud; RSI 35

15MIN Chart:
Cloud: Bearish
RSI: 36; Over Sold
PA: Trending Down to Test Support

Price can go either way; bounce to the up side or have a break down at support; As I analysed the weekly and the daily chart I wouldnt be surprised if price breaks down below support.


Trade:
As price hit support, and traded a bit below support I shorted; got stopped out -$50 as price can back up into the channel, I waited a went in short again but I missed most of the run down before the nyse opening. I bought back my short with gains +$200
ES Total P/L: +150

Total Daily P/L: 318.75

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  #8 (permalink)
Trading Apprentice
Charlotte, North Carolina
 
Futures Experience: Advanced
Platform: TOS
Favorite Futures: ES, CL, GC
 
Posts: 29 since Feb 2018
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One thing that helped me out and usually always does is get good rest, and before you start trading or doing any type of analysis or trading do a little workout to get your blood flowing.

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danny6787 View Post
One thing that helped me out and usually always does is get good rest, and before you start trading or doing any type of analysis or trading do a little workout to get your blood flowing.


Definitely, I going to start doing HIIT cardio training on Monday, at least 3-4 times a week in the early morning. Plus, I have been eating healthy which I feel a bit more energized

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Charlotte, North Carolina
 
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Favorite Futures: ES, CL, GC
 
Posts: 29 since Feb 2018
Thanks: 5 given, 30 received



WolfgangAssets View Post
Definitely, I going to start doing HIIT cardio training on Monday, at least 3-4 times a week in the early morning. Plus, I have been eating healthy which I feel a bit more energized

Yeah I've noticed a difference I also take some vitamins ginkgo bilbao and DAE really help with staying focused, they increase blood flow to the brain really made a difference also alternating between tea and expresso. Basic tea lemon ginger or tangerine, my coffee is a Colombian brand of Cuban coffee bustelo

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