Williams%R, SAR X-over 15 minute candles

Trying to ease back into things. Had trouble with Ninjatrader starting Sunday, was forced to load the latest version, and then wasn't able to load the rocky indi's into it. I was finally able to get some help recovering the previous version, and now everything is back to normal.

Three trades on 6E, all longs. +51 ticks gross which nets me just over $300 per contract. I only traded one, but my mental goal has almost always been to close out with $300 or more per contract.

This could have been one trade and done, but I am going to be more aggressive in three respects: First, taking some profit when a trade moves near my profit target, second, I will get it on reentry signals, and third, as I take additional trades, my profit target becomes what I need to hit the daily goal, rather than trying to smash a homerun with each trade.

Why $300 per contract? For me, it has always been easy to trade three contracts when I am in the swing of things. 3 contracts *$300 = $900/day, or $4500/week. That always struck me as the level I'd like to be at for income.

Here is my chart with NT plotted trades. I added the per trade tick count (in green - always nice when all trades are green, because that is certainly not always the case for me).



And here is the P/L, gross (51 ticks) and net after commish and fees.



I'm going to watch for a while, but no more trades for me today. I start around 8AM if there is a set up (or even before if I am at my desk). But on my return, I am done trying to trade for hours on end. If I can resume with consistency with 1 contract, I'll size into at least two and then three during May.

Out for a nice win.

Ok probably done for the day hit my daily target with last 2 trades.

Welcome back Vidvad. I started out trading having a daily $ target. Some day s you hit it some days not but I did find myself getting a litlle obsessive about it, and in general finding all these different stats to generate. For me it started to affect my trading, constantly checking where I stood each day. Got to be problematic. I had a long talk with a friend who I taught to trade one night over drinks. I started going on and on about different stats. After my rant, his reaction was "wow". I couldn't begin to answer any of those questions. So I asked him whats stats do you pay attention to? On a daily basis Ticks/Pips are they positive and did I hit or get near my target. Weekly nothing. Monthly winning % and Risk Reward.
I began to just watch Ticks/Pips and ignore the $ and Check weekly on Winning% and Risk Reward. Gues what? Three changes happened. 1) My profits improved by about 5-10% a week, 2) I was noticeably more relaxed and 3) I went from 8 hours a day in front of the computer to 3 to 4 hours.
This worked for me, I tend to get very intense about things especially if they involve number and math. For instance if one day I hit only 50 ticks the next day I'm stressing to get 150 ticks to make target. Which leads to over trading.

Thanks rocky.

I get that concern for sure.

I think many FF traders understand at some level that the trader's psychology and emotional discipline are very high in terms of whether one succeeds or not at this trading business. In my opinion, it is probably 90% of the battle. We have an excellent methodolgy here that you've shared with us, several in fact. But it still takes work to make a successful operation of it. And the mojority of that work is, frankly, between our ears and in our hearts. That is why I stepped back from trading while my family suffered some severe health set backs over the past month.

Over trading was definitely a problem of mine for years. Also revenge trading, which is itself a severe and acute form of over trading.

That is why in addition to the profit goal, I have set for myself a time limit: I will not enter any trades after the London close at 11:30 AM my time. If I am in a trade at that time, I can stay in it and manage it according to my plan. But even if I am at a loss for the day, I stop trading at 11:30 and go fiond something else to do with my time. For example, check in on what's happening here at FF!

One and done today on the 6E for +49 ticks. Signal and entry at 7:52 AM Eastern, and target filled at 8:13 AM Eastern. Two back-to-back easy days are certainly welcome as I get back into the swing of things.

This is my old stand-by rocky template. I use 9 ema bands (I think rocky uses 8 ema). The blue dot is the 4 simple moving average which I use as a trigger. SMA closes above the ema bands, I go long at the market, and if the 4 SMA closes below the ema bands I sell short at the market.



This chart that I have shown my trades on uses a moving average crossover indi that unfortunatley isn't free. The I use two ema's and each is smoothed another ema. Why? Because this indi both prints and audibly alerts me to the signals, and these crossover signals always coincide with a rocky template signal.



I am NOT using two different systems. I am using the original rocky template. I have found a way to MacGyver the paid indi so that it will alert me to signals on the rocky template even though the indi itself is not capable to alerting to crosses of the ema band in a meaningful way. I hope that makes sense.

I am using the exact rocky template I have always used here. I simply adapted an outside tool to help me when my attention to the chart lapses. When a long signal occurs, a loud doorbell rings on my computer. When a short sell signal alerts, I hear gunshots lol.

But don't rack yours brains trying to duplicate the MA's in the charts I post. I don't think it can be done without an indi such as I have. All you need is the original rocky template to be successful with this method.

Iam long Euro stop at B/E PA right now with some back and forth, not a strong mover

Rocky, here are this week trades on Dow Futures 15 Min TF, inspired by MA Channel technique. Based on my 5 years experience trading live, I added my own conditions of Entry and MM, but primary technique is based on MA Channel. Point is: If someone is looking to find a base technique, this one is a good one.

Ok got kind of busy. Was bored so expanded my usual trio of eur, cad anf gbp. Added aud and nzd, Bunch of small wins,

Think thats it for me today, don't like trading this way. Boredom pushed out of my relaxed zone.

Ok that lasted 2 mins went short on eur

Now I'm done, shut down the platform and walking away.

Nice trades RP. The Fut's feed really does smooth the renko

Vidvad, good trades, but you are not showing what you did during this mess here...those are the "bad" areas for this technique, we all get caught in them, I am looking for few thoughts if you did avoid those areas? Not sure 4 SMAs would of helped here?

Driven , I don't know but just looking the circled area this is what I see.
1) sell signal gives what should be a decent win.
2)Then there is a buy order on a down candles no trade
3) sell signal a B/E trade
4)Buy signal anywhere form small loss to a decent win(I probably would've had the small loss)
5)Sell signal another B/E
6)buy signal a nice win
7) Sell signal B/E or small loss
8)Buy signal for a win.

So 8 signals 1 no trade, 3 definite wins, 2 definite B/E's, 2 possible B/E's or a small loss.
The other question is what time did this PA occur, would I consider it a time when I'm or outside what I consider a tradeable time. For me I trade NY market.
I generalling stick to 8am-11am and occasionally 1-2pm.

Interesting....thank you Rocky for your explanation, good stuff and congrats with page 100!

Vidvad, if you can, what is the name of arrows indi or what are the 4 Simple Mas that crossover and place arrows there? I will try to find it for MT5(preferable) or MT4.

I only trade during the yellow shaded time period: 8AM until 11:30 AM Eastern time. I will trade anytime after 7 AM but before Red news IF I am at my desk and there is a signal. During most of that "mess," as you called it, I was sleeping.

As to the "mess," that's trading: Markets cycle from trading range to breakout to trend back to trading range.

You never know which breakouts will trend, and which will fail, and you never know when a trading range is going to develop or if the market is going to continue.

If we could know all those things in advance, there'd be no money in trading, right?

However, all that being said, none of those signals should have resulted in anything worse than a very small loss. Most were either breakeven or a small win of anywhere from 5 to 15 ticks.

Rocky pointed out that when a buy signal bar is a bear bar, there is no trade. Same would go if there was a sell signal bar that had closed green.

If you are looking for a method that only has wins, then this is not it.

You can help yourself somewhat by using context clues such as previous highs and lows, today's opening price, and the swing indi. The HA applied to renko does a great job of highlight little double tops and double bottoms, those can give you an extra edge by allowing for an early entry with very tight stop. However, you have to put in the time of watching the 6E or 6B, or whichever instrument you choose to trade. I would definitely pick just one to startm, and give yourself a good month (about 20 trading days) of watching just that one instrument before attempting to watch multiples.

Some days, there will not be any trades, or there may be two or three quick losses.

That's ok.

That's trading.

If I may make a suggestion, I would purge notions of "mess" versus "good" from your perception of price. Think trend, trading range, breakout attempts (failed and successful). Replace your street thinking with chart thinking. It will go a long way toward making things clearer for you as you practive.

what do you mean 4 simple ma's?

As for the indicator, if you mean the crossover indicator I am using it is MACrossover from ninza.co

Screen size or resolution must come into play here because on the 2 different browsers I use on my laptop, I have this on page 199!