Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've been playing around in SIM for the last two months and doing pretty good.
NinjaTrader brokerage seemed to find every possible way to screwup my account setup, so I went live after the good move this morning.
The first trade was a sim. 10:23 am PST.
Sell 7121.25
Stop: 7131.50
Target: 7026
Still Working
LIVE @ 10:42 Am
Sell: 7124.75
Stop: 7134.75 (initial)
Target:7109.75 (hit)
Time in ~53 minutes
Profit $300.00
The best part about this trade is I was doing my regular work and just glancing at it until it hit the target. I could have held for another 15 points but decided a quick win was a good start. Usually, between 9 am to 12 pm sucks unless there is a trend day.
I'm at work so I can't go into much detail, but it was another good day.
I had two short trades.
Total profit, $435.00.
One at the open, but I got twitchy and bailed. + $35.00
Second at about 6:40
Short: 7149.50
Target 7129.50 = + $400.00
Edit
3rd Trade 11:30 am Counter Trend
I entered with two contracts by accident. The stop was only $40 more than usual, so no biggie.
Short 7160.00
Target 7140.00
I saw this start to develop and decided to jump on. Moved my stop to 7157 pretty quick to lock in 3 points. It went in my favor, but I should have taken off at 7148. I had to step away from my desk so I was fine taking the smaller amount. Oh well, I still banked another $120.
All of these rules are for the NQ and one (1) contract. Same rules apply for more contracts, but I try to reduce my stop size with better entries.
My entries and exits are from a 10R chart. Anything smaller and you are just looking at noise.
Structure Charts:
35R – Good for seeing the complete day.
70R – Good to see the equivalent of a 120 min chart, but with structure.
5 min – good to see confirmation of turning points.
60 min – Just because
Daily – Keep the HTF in mind.
I trade with zero indicators. On some higher time frame charts, I use a moving average band.
If I get two consecutive stops in a row, I call it a day. I'm either not seeing the market correctly, or pressing. Either way, bad things will usually follow.
In retrospect, the trade of the day was long from ~9:00 am to 12 pm.
Friday's are usually pretty low volume and without great moves. Everyone was getting short from ~7 am to 9 am. The short squeeze that started @ 9 am (PST) was a highly likely outcome.
It would have been very low risk to go long at the turn and then get even in about 10 mins. Oh well.
+2019_03_01+(10_56_05+AM).png)
+2019_03_02+(11_26_04+AM).png)
+2019_03_04+(4_08_16+PM).png)
+2019_03_04+(8_03_15+AM).png)
