Getting Freaky With Futures

Yeah, I know this is a Forex forum but I have never been one to follow the "rules'. LOL!

Several people have asked me to at least put up a journal to explain how I trade futures. So, here I am, starting another thread. I have a bad habit of starting threads and then losing interest quickly and then they just die. Maybe this will be different, maybe not.

I trade ES, YM, NQ, CL and sometimes 6E. I use lagging indicators because everyone says you can't trade with lagging indicators (told you I don't follow the rules). I have 4 ema's that I use. More on that in the morning when I officially kick off this thread.

I try to stay in trades as long as possible but if the markets get choppy then I have no problem switching to scalping primarily NQ. When I do, I will post those here as well but probably not until after I am done. Too hard to trade and post when you are scalping.

Now for the rules:

1. Don't post your system here. It's not your journal it is mine.
2. Take the time to search before asking questions. No need to answer the same things over and over.
3. As**oles will be blocked. You wanna be a jerk, go somewhere else.
4. While I will do my best to explain what I am doing, please understand that by nature I am not a teacher and quite frankly suck at it. Be patient with me.
5. I really don't care about some super special holy grail indicator that you have that will make my trading so much better. What I do works just fine. Thanks anyway.

Initially to keep things simple I will trade just 1 contract on each. Maybe for a week or so then slowly ramp it up. I don't want the normal number of contracts I trade to cause people to get blurry vision and just blindly follow what I am doing. I have already made what I want for the first quarter of 2019 anyway so it really won't hurt me. It will also allow me to focus more on showing people what I am doing without the pressure of larger contract sizes. Besides, I want to show people what the potential is with just one contract. It can be mind boggling at times. LOL!

Once I am done for the day, I will post gross and net profits which will also show that this is being done on a live account. I use NinjaTrader and there is no simple way to show this during the day without constantly having to edit screen shots. I will also try to post some reports that NinjaTrader generates to help show the final results.

I will grab screen shots when I first place the pending order and then at several key points during the trade. DON'T JUST FOLLOW MY TRADES BLINDLY. Hopefully, if you like what I am doing, you will learn to do it yourself. If you don't and I stop posting here, you are lost. Don't do that to yourself. Sometimes I will post the screen shots without any notes. Hang in there, I will go back and edit when I have the time.

So, let's have some fun with futures shall we?

"i will post gross and net profits..."

dude, you're my hero. Hope to learn as much as I can

LETS DO THISSSS!! WOOOO!

Excited! Looking forward to learning from you!

Glad you did, people are waiting.
Not many can appreciate your effort
Good luck

Yes! Yes! and again Yes!!!!!!!!!!!!!!!!! I pledge not to be an A**hole lol

Looking forward to your journal! Big thumbs up.

I'm a big fan of Hilmy. But that asshole won't let me post on his thread from minimum requirements. lol! J/k.

Hi Hilmy if you read this.

sorry man, seen too many assholes who create fake profiles to talk to themselves or use is as a troll profile. maybe you can post here lol

Speaking of assholes..+150 ticks at 2pm cst. seriously. that pisses me off so bad..

Woohoo !!! Looking forward to learning from you.

Happen to find this thread. My first subscription on ff. Thanks MF for doing this.

Appreciate the effort....Looking forward to more learning.....Can never get enough....

Thanks, Don

Thanks for starting this thread. I believe that there may be quite a few futures traders (me included) quietly trading and following Hilmy and others.
I also use NT and I think we should "suggest" to them that they should create a P&L box like in the 'other' platform.
Best of luck, and we will harass you if you let the thread die too soon.

Slept in a bit this morning. Normally I like to look at what is going on a few hours prior to market open in the US but I also do not set an alarm clock to make it happen everyday. Oh well. LOL!

Waiting for something to show so I will take some time in a few to put together some basic information to show what I am looking for in the markets. I don't expect anything to show until a little after US opens. Would like to see NQ, ES and YM pull back a bit and then give a good signal to go long.

I am so looking forward to this.

Have recently switched from spot FX to trading NQ and super excited about your insights and valuable views.

Subscribed!

hey MF wheres the info you were going to post? Did I miss it?

"Getting freaky with Futures"

1/22-19-1/23/19

RIP lol...

So, where have I been?

1. January 24th. I woke up with both of my arms tingling like they were asleep and a horrible pain in my upper back. I could move my hands just fine but no sensation of feeling beyond the tingling. Thought I was having a heart attack or stroke or something. Got to the doctor and found I had ruptured the disc at C6-7-8. How? I don't freakin' know. Spent the next 8 weeks in physical therapy along with sleeping on the hard floor. I still have issues with C8 which keeps my pinky fingers tingling but the rest is back to normal. During most of the time I was gone it hurt to touch anything with my hands, so no trading and no typing.

2. Once I was able to sit in a chair again, I slowly worked my way back into trading. Through withdrawals ( high medical bills due to poor insurance) and crappy trades I have dwindled my futures trading account to less than 800 bucks. I could give any excuse as to why it has gotten so low. Not thinking clearly due to all the meds? Just out of practice? or this or that or the other. The excuses don't matter. Less than 800 bucks is what I have to deal with, it is what it is.

So now what? First thing I have to do is build the trading account back up to a point where I can trade the higher time frames. For me that means lower time frames longer hours. Once I get back over about 10k I will switch to trading the 5 minute chart on multiple instruments. How long the rebuilding takes is mostly up to me but I really need NQ to keep moving nicely. Not crazy like Oct, Nov, Dec of last year but a little more than what it has done lately would be nice.

With only 800 bucks to play with my entries are super critical. Not much room for stupidity. To help with that I built an automated strategy that enters trades and places a stop but does nothing else. More of a personal assistant that a fully automated program. It doesn't do all of the trades just the ones that there is no excuse for not taking. There are a few slightly more risky trades that I will handle manually. I will cover more details on that in later posts. I will also only use this strategy during the rebuilding of the account. Once I switch to the 5 minute and higher charts, there really isn't a need for it.

Now, just because I am looking at lower time frames doesn't mean I am scalping. For the rebuild phase of this project, I will be using the 1, 5, and monitoring the 10 minute chart. Primarily using the 1 minute. If I see the 1 and 5 minute charts lining up then I know there is a good chance for a longer running trade.

For those who are wondering, I use 4 ema's along with VWAP standard deviation bands. The ema's are 21,60,200,800 and the vwap standard deviation bands are set to 1.5,2.5,3.5. See picture below. The strategy I wrote generates the buttons in the lower right of the image along with the currently red horizontal line. The red line allows me to move it to where I want an entry, then I select the H-Line button and the horizontal line will turn green to let me know it is active. Once price crosses that line it will open a trade. If it crosses from under the line going up, it will open a long trade, opposite is true for short.



During the rebuild phase I will show account balances at the end of each day. The strategy I wrote shows starting balance, current balance, gross pnl, net pnl, commission, return in % and how many ticks profit for the current day.

I hope your recovery is almost complete.
Personally, I've been through a heart attack (15 years ago) and prostate cancer (7 years ago) . Healthy now, but trading sucked when I was recovering from those. Fortunately I live in Canada, so there was no financial outlay.
Take only the best trades (which is easier said than done).

Welcome back. Sorry no pun intended

Price made a decent move at London open but the last hour has been flat. Because of the flatness right now, I will wait for the 5 minute to start to set up before looking at the 1 min for an entry. Would like to see it pull back a bit more (down to the white line 60 ema) before looking to go long.



Europe markets have been very hit or miss lately. Sometimes they come out to play other times it is like watching paint dry. If I am awake for some reason I will trade it but I won't make a special effort to get up for it.

I will try to explain a little more about how I trade as each set up shows up. There are a bunch of little nuance rules that the strategy helps with so trying to explain everything in a post or two would be mind numbing.

Good luck to everyone today.

$800 to trade with ! What broker allows you to do that please ?

More importantly, take care of your health and keep making rapid progress in your return to fighting fitness