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Plan the Trade

  • #12,101
  • May 16, 2019 3:25pm May 16, 2019 3:25pm
Quoting The Cableguy
Just found the E-Micro feed. It was already after hours, but i took a little position just to get that 'feeling' again. I couldn't resist chasing the position a little aggressively once it went in my favour. A +15 for a first live trade in god knows how long! Ok so it's no money, but hey, this was a perfect idea. It enables trading minus the palpitations!) I may have the most aggressive cancer that there is, but i think i can handle this (and aim to ramp positions sizes up as results improve). {image}
yeah i just finished setting up the micro e mini as well with amp. makes sense to trade live on this rather than simulator. 6usd loss per trade rather than 60usd on the normal e mini
  • #12,102
  • May 16, 2019 3:29pm May 16, 2019 3:29pm
Quoting OliverG
{quote} yeah i just finished setting up the micro e mini as well with amp. makes sense to trade live on this rather than simulator. 6usd loss per trade rather than 60usd on the normal e mini
Exactly! I was returning good figures averaged out on Sim up until my problems occurred last September. In fact it was within days of my switching live on E-mini, but as you say, this E-Micro means enabling trading with the same mentality, albeit there is a little money on the table.

Much easier to start increasing sizes working up to switching back to the E-Mini at some time.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,103
  • May 16, 2019 3:35pm May 16, 2019 3:35pm
Quoting The Cableguy
{quote} Exactly! I was returning good figures averaged out on Sim up until my problems occurred last September. In fact it was within days of my switching live on E-mini, but as you say, this E-Micro means enabling trading with the same mentality, albeit there is a little money on the table. Much easier to start increasing sizes working up to switching back to the E-Mini at some time.
sounds like a bit of practice and focus and you will get back into it easy and then just slowly scale it up over time... good luck! will be rooting for you!
  • #12,104
  • May 16, 2019 6:32pm May 16, 2019 6:32pm
Quoting The Cableguy
Just found the E-Micro feed. It was already after hours, but i took a little position just to get that 'feeling' again. I couldn't resist chasing the position a little aggressively once it went in my favour. A +15 for a first live trade in god knows how long! Ok so it's no money, but hey, this was a perfect idea. It enables trading minus the palpitations!) I may have the most aggressive cancer that there is, but i think i can handle this (and aim to ramp positions sizes up as results improve). {image}
Way to go CG, you can do it!!! you are in my prayers,
  • #12,105
  • May 17, 2019 2:00am May 17, 2019 2:00am
Thanks guys! Seems like some of you have left me behind in my absence, but it's great to see some people getting to grips with this system and making some!)

Don't forget to watch for and target the thrust levels.

Let me take this opportunity to say thankyou to everyone who has been helping me in my fight. Much appreciated.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,106
  • May 17, 2019 3:49am May 17, 2019 3:49am
Quick question (to AMP users). I notice a $20 DR (draw) on my statement from last night. I simply wanted to check the total cost of sides (and it's spot on - $0.78 total per contract). It's not a big deal, but i simply can't see what the $20 is for.
The data usually costs $5 a month, (which is peanuts, of course), but does anyone know if there is a $20 charge when changing to a new feed?

I can't see that there is any difference. I understood it that the fee covers all CME data that is available on the platform.

I have to say, their statements are very complicated. Fair enough we know that £'s will always change the balance shown in $'s with the currency fluctuations, but beyond that, i think they could make the statements a little clearer!

Maybe it's gone up to $5 a week and the $20 was for last month?!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,107
  • Edited 7:47am May 17, 2019 4:56am | Edited 7:47am
Another classic example of the whitespace on the left and how the market messes with you. After days of chipping away, you get this, and I'm like 'shall I just let it run?'. So no, I took 20 because of my crap day yesterday.

I guess the real skill is when you can get out, and then get back in when the trend returns. Which of course is easier said than done.

Attached Image (click to enlarge)
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Edit:
123 break, less scope on the left this time so I'm out +12. Think I'll leave it for the day now.
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'in less than half an hour he made over 100 ticks'
  • #12,108
  • May 17, 2019 5:19am May 17, 2019 5:19am
Quoting The Cableguy
Quick question (to AMP users). I notice a $20 DR (draw) on my statement from last night. ! Maybe it's gone up to $5 a week and the $20 was for last month?!
Its not $5 a week
  • #12,109
  • May 17, 2019 7:37am May 17, 2019 7:37am
I am long 7510.25.
Trying out the MNQ for test.
  • #12,110
  • May 17, 2019 7:49am May 17, 2019 7:49am
Quoting NeptunisFX
I am long 7510.25. Trying out the MNQ for test.
A little lucky on that entry tbh...
  • #12,111
  • May 17, 2019 8:01am May 17, 2019 8:01am
what do you make of the micro emini? seems bit gappy to me, not as much liquidity as the normal emini.
ive been looking at the normal emini but trading off the micro
  • #12,112
  • May 17, 2019 10:09am May 17, 2019 10:09am
Quoting OliverG
what do you make of the micro emini? seems bit gappy to me, not as much liquidity as the normal emini. ive been looking at the normal emini but trading off the micro
Seems reasonable action from the US open ?
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every Saint has a past. Every Sinner has a Future
  • #12,113
  • May 17, 2019 10:12am May 17, 2019 10:12am
Quoting OliverG
what do you make of the micro emini? seems bit gappy to me, not as much liquidity as the normal emini. ive been looking at the normal emini but trading off the micro
Switch your chart to where you are seeing the bid price and not the last price. Looks much better that way.
  • #12,114
  • May 17, 2019 4:30pm May 17, 2019 4:30pm
Quoting OliverG
what do you make of the micro emini? seems bit gappy to me, not as much liquidity as the normal emini. ive been looking at the normal emini but trading off the micro
micro futures brings a a big difference when it comes to psychology and a small account. If one has 10k acc, he/she should trade micro futures. When the mind is clear and risk is low, you won't hesitate to take the trade when there is an opportunity as per your strategy.
  • #12,115
  • May 18, 2019 3:28am May 18, 2019 3:28am
Quoting bluejack
{quote} micro futures brings a a big difference when it comes to psychology and a small account. If one has 10k acc, he/she should trade micro futures. When the mind is clear and risk is low, you won't hesitate to take the trade when there is an opportunity as per your strategy.
I agree. Another thing that I like about the micros is the fact that I can control my risk to precision. Because I am a swing type trader, I have previously had some fairly uncomfortable stops. I often have 60-100 ticks stop losses before moving them closer to my entry. I can now calculate and use more accurate position sizes. When my account reaches 25k or so, I can switch back to minis.
  • #12,116
  • May 18, 2019 8:27pm May 18, 2019 8:27pm
Was quiet around here friday. Friday ended up being my best day this week. So 4 green days and one small loss day this week. Over all good results. Have a good weekend.
  • #12,117
  • May 19, 2019 4:13am May 19, 2019 4:13am
I'm in a good place too. Last month was crap, although positive and the month prior was satisfactory. Nearly up to satisfactory already this month, but I'm going to be be restricted next month as there is a lot of travelling and meetings. In diagnosis, I just need to leave it alone after - 24 in a session and accept that I'm out of sync that day.

If I can just get past that point, when I go live (hopefully end of August) there won't be any need to begin with micro's.

Just wish I could crack those bigger moves, but the only way I can see with the current skillset is bigger stops. Which ain't gonna happen for me till I've proved myself.

The fact it is quiet here must mean that everyone has all they need, and the rest is just practice. Trading rather than writing...
'in less than half an hour he made over 100 ticks'
  • #12,118
  • May 19, 2019 6:40am May 19, 2019 6:40am
Quoting onejester
Just wish I could crack those bigger moves..
Tempting when you look at like a 5min chart and see 35-40tick+ candles . . .
  • #12,119
  • May 20, 2019 5:09am May 20, 2019 5:09am
Quoting bapakjason
{quote} Tempting when you look at like a 5min chart and see 35-40tick+ candles . . .
It's the runs on the 30 second which attract me. I only trade 1 timeframe, not bothered with any others, but agree with what you are saying. Those big candles frighten the crap out of me
'in less than half an hour he made over 100 ticks'
  • #12,120
  • May 20, 2019 5:53am May 20, 2019 5:53am
Quoting onejester
{quote} It's the runs on the 30 second which attract me. I only trade 1 timeframe, not bothered with any others, but agree with what you are saying. Those big candles frighten the crap out of me
I guess the compromise is catch a couple wins (when the account size is using 4 or more contracts. Then on the 3rd trade leave 1 contract to run after TP and BE+1 . . . .
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