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Johnny's Journal
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Johnny's Journal

  #81 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
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Seems like TF is suiting you well.

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  #82 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp and Zenfire
Favorite Futures: TF
 
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bluemele View Post
Seems like TF is suiting you well.

It does seem that way, doesn't it. Thank you.

Was able to another half point, only to lose most of it later. Got nervous watching the YM and TF and when they started to move independent of each other, I pulled out of the market. Got out with a 4 tick loss. Stoploss was 7 ticks and I didn't want to wait that long. cut the losses, ensured profitability.

Two days on TF, 6 points. 1 day, yesterday, on YM, 10 tick gain. Avg winning trade: 1.5 points.

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  #83 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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johnnycakes78704 View Post
It does seem that way, doesn't it. Thank you.

Was able to another half point, only to lose most of it later. Got nervous watching the YM and TF and when they started to move independent of each other, I pulled out of the market. Got out with a 4 tick loss. Stoploss was 7 ticks and I didn't want to wait that long. cut the losses, ensured profitability.

Two days on TF, 6 points. 1 day, yesterday, on YM, 10 tick gain. Avg winning trade: 1.5 points.


Do you have a preference between the two yet?? I am looking to get into the TF but I am so familiar
with YM that I am hesitant. I hear it is smoother... (TF)


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #84 (permalink)
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Futures Experience: Intermediate
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I was a fan of trading the DOW when I was trading equities and feel I could make a killing on that IF I were able to get into the office before market open. I know the daily market shows start around 3am stating how the market will open, up or down with a range of 10-20 points usually, and based off that, the first 5-10 minutes of movement is great before the correction. However, I have yet to watch live the open of the Dow on the exchanges and see how it affects the YM. Something to review for correlation for sure.

That said, I enjoy the trending (thus far) of the TF. With each point per contract worth $100, in comparison to the ES or YM, being able to be in the money on a trend for a gain of at LEAST $30-$50 per contract is really simple and super quick, often happening in seconds. YM also has the same moves but there seem to be more retracements in that then the TF, as far as I've seen....

Ask me the same thing in a week or two. Until then, need to re-up my sim acct.

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  #85 (permalink)
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Saw a good trade this morning and took it. Unfortunately, my stops were too tight and it stopped me out on the YM and TF at 6 and .7 ticks respectively, resulting in a first trade loss of $110. Reviewed the signals on multi-minute charts and it was still there. Re-took the trade and just closed it out at a $320 gain. Sat on it too long though and didn't maximize the trade as there is a bit of profit taking going on or a market reversal.

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  #86 (permalink)
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I see market churning and was able to get another point gain, but not reliable trend in the 1-2 min chart. The 5 min chart shows chop and I'm out for the day with a 4.1 pt gain for the day. I was drawn away from my desk for a bit and when I came back, did see a trade that I would have taken on the YM for a 6 tick gain. C'est la vie, I'm not sweatin' it.

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  #87 (permalink)
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Ok...been watching today and my setup was hit twice more, resulting in ANOTHER 4.5 points over the past few hours. Happy today w/ 8.6 pt gain primarily on the TF. Missed an entry typing this, but that's ok. I won't be greedy.

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  #88 (permalink)
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johnnycakes78704 View Post
Ok...been watching today and my setup was hit twice more, resulting in ANOTHER 4.5 points over the past few hours. Happy today w/ 8.6 pt gain primarily on the TF. Missed an entry typing this, but that's ok. I won't be greedy.

How would you compare TF to ES?

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  #89 (permalink)
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Well, there are a few observations. Obviously, big money can be made within the ES, as the market has, what, a million contracts traded each day? However, for myself as a trader (I am hesitant to say investor) the TF seems to be the better platform. It seems it is easier to trade smaller contract numbers on the TF for better gains to the individual. That said, larger contract amounts 30-50+ can be traded on the ES for smaller gains but ideally, more profit. This, I think, is where the scalping the quarter point to half a point can be advantageous and thus I can see where and how people make 3/4 of a point a day and still are profitable.

I was thinking over last night was developing an auto-strat for the ES to capitalize on the big daily ES swing be it short or long, and will see how it goes when I get some time to make it. I'll be trading the TF manually though.


Last edited by JohnnyAustin; February 8th, 2011 at 02:00 PM.
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  #90 (permalink)
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Futures Experience: Intermediate
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YM


Any more thoughts on the YM?


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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