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Plan the Trade

  • #11,981
  • May 2, 2019 7:32am May 2, 2019 7:32am
tricky day:

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Become the casino
  • #11,982
  • May 2, 2019 7:33am May 2, 2019 7:33am
ym 123 win and a 123 nq win done
  • #11,983
  • May 2, 2019 7:48am May 2, 2019 7:48am
Another “upside down” day for this week, as price doesn’t play ball for me at the moment.
Every day this week, it looks like the price shoot on the other side of my entry.
That has the potential to drive you nuts I have to say

I took 2 trades (SIM): +1 +1

T1: I took a short on what I felt was a very nice 2b at the top of the range. The kind of entry I really like, as I feel there is potentially a lot of space below.

T2: short on the pull back to point 3, in a nice downtrend.

Enjoy your day guys.
Cheers,
J-F
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  • #11,984
  • May 2, 2019 7:54am May 2, 2019 7:54am
you missed a few
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  • #11,985
  • May 2, 2019 8:41am May 2, 2019 8:41am
A burger flipping +12, 5 trades. Some really nice opportunities in there today, shame I didn't have the confidence. Still onwards...
'in less than half an hour he made over 100 ticks'
  • #11,986
  • May 2, 2019 8:48am May 2, 2019 8:48am
+400 tick range now . . . .
And over 120 on ES . . . .
Moving a bit today. Lol
  • #11,987
  • May 2, 2019 10:26am May 2, 2019 10:26am
Help !!!
Trying out Futures trading. I have an Apple IMac -Well, I would if I could get a platform that worked on AMPs ( broker) web site via my iMac. Tried MT5 -horrible, not intuitive. Anyone know of another web based platform ( AMP's Brokerage)that might work on Apple iMac ?

Apologies for being off topic.
every Saint has a past. Every Sinner has a Future
  • #11,988
  • May 2, 2019 10:34am May 2, 2019 10:34am
Quoting turnip15
Help !!! Trying out Futures trading. I have an Apple IMac -Well, I would if I could get a platform that worked on AMPs ( broker) web site via my iMac. Tried MT5 -horrible, not intuitive. Anyone know of another web based platform ( AMP's Brokerage)that might work on Apple iMac ? Apologies for being off topic.
Tradingview maybe?
  • #11,989
  • May 2, 2019 10:37am May 2, 2019 10:37am
Quoting turnip15
Help !!! Trying out Futures trading. I have an Apple IMac -Well, I would if I could get a platform that worked on AMPs ( broker) web site via my iMac. Tried MT5 -horrible, not intuitive. Anyone know of another web based platform ( AMP's Brokerage)that might work on Apple iMac ? Apologies for being off topic.
check their website or call them
  • #11,990
  • Edited 12:30pm May 2, 2019 11:51am | Edited 12:30pm
Quoting turnip15
Help !!! Trying out Futures trading. I have an Apple IMac -Well, I would if I could get a platform that worked on AMPs ( broker) web site via my iMac. Tried MT5 -horrible, not intuitive. Anyone know of another web based platform ( AMP's Brokerage)that might work on Apple iMac ? Apologies for being off topic.
Download and install play on mac. Download and install amp/Sierra. Click the.exe, and if you are lucky it may install without contacting Sierra support. I've had it working perfectly for ages. Mt5 is lousy. Trade up.

Edit, Sierra won't play nice with ichimokou, you can get the ma's but it will hang when you try and fill the cloud. Just so you know...
'in less than half an hour he made over 100 ticks'
  • #11,991
  • May 2, 2019 12:24pm May 2, 2019 12:24pm
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  • #11,992
  • May 2, 2019 12:44pm May 2, 2019 12:44pm
Quoting OliverG
{image}
your getting the handle on this kudos
  • #11,993
  • May 3, 2019 7:33am May 3, 2019 7:33am
Same classic trade management as the rest of this week:
+1 at +6
+10 at +15

4 trades today: +1 +1 +10 +0 (1 tick slippage)

T1: long on a pull back in a small uptrend. Went to +13T, then taking me out at BE.
T2: long on a 123s possible change of trend. Went to +14T, then out at BE.
T3: long on a 123s back into the trend. Went to +20T, then out at +10T.
T4: short on a pull back in a down trend. Went to +11T, then out at BE (1 tick slippage).

All in all, with insight once more, I could have done it differently.
With a different trade management, today could have been a more rewarding trading session.

Have a good week end guys.
Cheers,
J-F
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  • #11,994
  • May 3, 2019 7:41am May 3, 2019 7:41am
Just loaded the new templates for NinjaTrader on the new Micro NQ.

For lifetime license holders on NT, 0.41 per contract per side so 0.82 round trip per contract. At 0.50 per tick you will need just about 2 ticks to cover commission. I do like that they are sticking with the same sized ticks on the micros as there are on the e-mini's. On the micro 6E it steps up to full pips instead of half like it is on the regular 6E.

People using the free version of NinjaTrader get stuck with 0.61 per side per contract. Nearly 3 ticks to just cover commissions.

The only unanswered variable at this point is volume. Are there going to be enough players to make it work? I hope so. I think this is a good move to bring new people into the futures market. It will be interesting to see how fast the volume picks up or will there be a lag in time before people start trading it.

Trading starts Sunday night for the Micro's.
  • #11,995
  • May 3, 2019 7:43am May 3, 2019 7:43am
very figgity day a bunch of +1s and i nq win
  • #11,996
  • May 3, 2019 7:45am May 3, 2019 7:45am
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Become the casino
  • #11,997
  • May 3, 2019 7:53am May 3, 2019 7:53am
Quoting J-f
Same classic trade management as the rest of this week: +1 at +6 +10 at +15 4 trades today: +1 +1 +10 +0 (1 tick slippage) T1: long on a pull back in a small uptrend. Went to +13T, then taking me out at BE. T2: long on a 123s possible change of trend. Went to +14T, then out at BE. T3: long on a 123s back into the trend. Went to +20T, then out at +10T. T4: short on a pull back in a down trend. Went to +11T, then out at BE (1 tick slippage). All in all, with insight once more, I could have done it differently. With a different trade management, today...
try this money mangement jf: +1@+6, +10@+12, target +12, sl 11
Become the casino
  • #11,998
  • May 3, 2019 7:56am May 3, 2019 7:56am
Quoting erasmus66
{image} {image}
Very nice trading, well done at picking some ticks despite the difficult session.
Thanks for posting the charts.

Cheers,
J-F
  • #11,999
  • May 3, 2019 7:58am May 3, 2019 7:58am
Quoting erasmus66
{quote} try this money mangement jf: +1@+6, +10@+12, target +12, sl 11
Yeah I see this is what Divergence and you are doing.
It seems to work well with that market at the moment.

Would have been +12 +12 +12 +0 -4Tcom = +32T today, much better than what I did.

Thanks for pointing it out.

Cheers,
J-F
  • #12,000
  • May 3, 2019 8:44am May 3, 2019 8:44am
First bad day for me for a long time - 36. One of the main reasons it was so bad is that I was stubborn and didn't follow my rules, which are 2 -12's in a row and it ain't for me today. I had ample opportunity to grab a couple of + 10's, but no. I'd become biased from yesterday when there was mucho movement, I thought 'let 'em run, see what happens'.

Anyone new to this +1 after 6 (mentioned earlier) will save you a lot of heartache, even though went against me today.

Did exactly the same last month, and the month before it. You'd think it would be easy, once identified to stop doing it. But that is the elusive discipline that is so often talked about, but seldom carried out.

Until I can stop myself from doing this it is pointless going live, because for me personally I am unable to accept it of myself even though I've been in positive territory for the past 3 months. It just ain't good enough and that's the way I see it.

Thou shalt log thine trades...
'in less than half an hour he made over 100 ticks'
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