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Intraday Trading the US Index Futures

  • #121
  • Aug 19, 2019 8:29am Aug 19, 2019 8:29am
Got suckered in on the first trade, which had way too much overlap to be a good entry. Direction was correct though so bought the first reasonable signal bar for the second entry long, and then added to it expecting a second leg.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Min) 8_19_2019.jpg Size: 38 KB
Small disciplines repeated with consistency lead to great achievements.
  • #122
  • Aug 19, 2019 9:35am Aug 19, 2019 9:35am
Quoting luckyvictor
{quote} Thanks for your sharing, while I think I understand what you write, would you mind showing chart to show how your entry and exit please?
See the attached picture as to how I view legs relative to today's morning action. The exit for the long was at the end of the second leg. However, there was a final push to take out the early shorts, and then it turned again. That would have been the second entry short if there had been a better signal bar.
Attached Image (click to enlarge)
Click to Enlarge Name: legs.jpg Size: 59 KB
Small disciplines repeated with consistency lead to great achievements.
  • #123
  • Aug 19, 2019 9:37am Aug 19, 2019 9:37am
Quoting jmflukeiii
{quote} See the attached picture as to how I view legs relative to today's morning action. The exit for the long was at the end of the second leg. However, there was a final push to take out the early shorts, and then it turned again. That would have been the second entry short if there had been a better signal bar. {image}
And this is a potential two-leg pullback. However, lunchtime now which typically results in limited follow through. And the entry would be right back into the barbwire, with only 3 ticks room to the top of the barbwire where it could likely fail again. So the R:R of this pullback are poor. However, that doesn't mean it won't work, just one I wouldn't be excited about trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 legs now.jpg Size: 57 KB
Click to Enlarge Name: barbwire.jpg Size: 56 KB
Small disciplines repeated with consistency lead to great achievements.
  • #124
  • Aug 19, 2019 10:09am Aug 19, 2019 10:09am
Today was a slightly red day (-2 ticks). Could have been worse, but I followed my system rules and that saved me.

Bought on the break of TL 1 but that trade went south pretty fast. I sold right away due to the bearish momentum and scalped a couple ticks there.

Trade 2 (sold because of rejection of the horizontal TL) was my big win for today. However, I got a bit cheeky and sold again (trade 3) because price closed below the horizontal TL. Closed that one on the next bar.

Trade 4 was a quick scalp - I think I moved the stop to +1 tick a bit too early, but its always easier to tell these things in hindsight
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
  • #125
  • Aug 19, 2019 10:28am Aug 19, 2019 10:28am
A well-formed triplet of highs can be a good short signal. NQ U19 M5. (demo acct for MT5 testing)
Attached Image (click to enlarge)
Click to Enlarge Name: NQ.U19.M5.png Size: 15 KB
  • #126
  • Aug 19, 2019 11:37am Aug 19, 2019 11:37am
Quoting timingchain
A well-formed triplet of highs can be a good short signal. NQ U19 M5. (demo acct for MT5 testing) {image}
MT5 ?
Ah - could you tell me how to change the time setting to UK time please ?
every Saint has a past. Every Sinner has a Future
  • #127
  • Aug 19, 2019 11:52am Aug 19, 2019 11:52am
Subscribed! Trying the micros myself.... Maybe will switch from cfds..... Keep it up... Will follow...
  • #128
  • Aug 19, 2019 12:02pm Aug 19, 2019 12:02pm
Quoting Patje
Subscribed! Trying the micros myself.... Maybe will switch from cfds..... Keep it up... Will follow...
Dow - 2:30pm to 4:30pm UK time . MT5 platform. AMP Global Europe is the broker. I am trying out Micro Dow etc
Attached Image (click to enlarge)
Click to Enlarge Name: MYMU19M1.png Size: 133 KB
every Saint has a past. Every Sinner has a Future
  • #129
  • Aug 19, 2019 12:53pm Aug 19, 2019 12:53pm
Quoting turnip15
{quote} MT5 ? Ah - could you tell me how to change the time setting to UK time please ?
I just opened MT5 demo acct last week--haven't learned anything yet.
  • #130
  • Aug 19, 2019 1:00pm Aug 19, 2019 1:00pm
Quoting turnip15
{quote} Dow - 2:30pm to 4:30pm UK time . MT5 platform. AMP Global Europe is the broker. I am trying out Micro Dow etc {image}
AMP has good fees and margins for trading the micro-minis.
  • #131
  • Aug 19, 2019 1:22pm Aug 19, 2019 1:22pm
Quoting turnip15
{quote} MT5 ? Ah - could you tell me how to change the time setting to UK time please ?
I don't think you can change the time in MT5 - it's hardcoded to show the trading server's time. I've tried looking for indicators/scripts to resolve this issue but no luck
  • #132
  • Aug 20, 2019 9:44am Aug 20, 2019 9:44am
Another well-formed triplet of highs as a good short signal. NQ U19 M5. Along with a premature short. (demo acct for MT5 testing)
Attached Image (click to enlarge)
Click to Enlarge Name: NQ.U19.M5.a.png Size: 12 KB
  • #133
  • Aug 21, 2019 8:34am Aug 21, 2019 8:34am
An error trade, and then a two leg pullback. Drew the lines so its easy to see. Might still go up, but exited as the second leg ended and was slipped a tick.

If it does go up, I would expect two more legs.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Min) 8_21_2019.jpg Size: 71 KB
Small disciplines repeated with consistency lead to great achievements.
  • #134
  • Aug 21, 2019 7:58pm Aug 21, 2019 7:58pm
subscribed
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135
  • Aug 21, 2019 9:00pm Aug 21, 2019 9:00pm
Quoting The Fool
subscribed
Sweet! We need some more action in here. I might do a few more intratrade updates like originally. I think I'm also going to attempt to add some NQ and YM trades as well -
Small disciplines repeated with consistency lead to great achievements.
  • #136
  • Aug 21, 2019 9:24pm Aug 21, 2019 9:24pm
Quoting jmflukeiii
Sweet! We need some more action in here.
- I'm trading SPY and SPX options mostly & am looking at using the mini futures for some granular risk control in the mix, will give some examples in time...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137
  • Aug 22, 2019 7:58am Aug 22, 2019 7:58am
Yesterday's trades on the left, today's trades on the right.

I don't know what's going on today - is anyone else getting these gapped bars? I have 3 just today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #138
  • Aug 22, 2019 3:10pm Aug 22, 2019 3:10pm
Sorry travelling today, back at it tomorrow - what a selloff at open -
Small disciplines repeated with consistency lead to great achievements.
  • #139
  • Aug 23, 2019 8:39am Aug 23, 2019 8:39am
Crazy day, some good trades, some bad trades. The best trade my target was filled 2 seconds after order entry which is unfortunate as I would have moved that out of the way. Wouldn't have captured that whole move, but the day's low was at least a reasonable target. Nonetheless, profitable day. Last trade ended up profitable as well, but it pulled back way too far for what I would expect, so exited when i could.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Min) 8_23_2019 3.jpg Size: 81 KB
Small disciplines repeated with consistency lead to great achievements.
  • #140
  • Aug 23, 2019 9:14am Aug 23, 2019 9:14am
Some great moves again today..... In hindsight I took to less.... But a green day is good.... Happy weekend..... Hopefully next week just as beautiful....
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