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  • #1,301
  • Jan 14, 2021 3:31pm Jan 14, 2021 3:31pm
Quoting Rmg
{quote} Thanks for your kind words Temujin. Dow is in pause mode with very much bullish signs allover. Fundamental moves the market technically, I just focus on technical 100% as a day trader.
Thanks much! Lots of data in NY tomorrow morning and the Fed today said they are not even close to debating asset purchase tapering or raising rates. Fundamentally still a lower dollar, higher equities market scenario. Biden too with the almost 2 Trillion dollar stimulus
plan. All stock positive.
Be humble or be humbled.
  • #1,302
  • Jan 15, 2021 9:10am Jan 15, 2021 9:10am
Attached Image (click to enlarge)
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on a postive roll...
  • #1,303
  • Edited 5:02am Jan 18, 2021 3:45am | Edited 5:02am
Quoting Mtinifx
Bottom line is that it's impossible to know who is taking the other side of your trade. The fact that one is guaranteed a position with most reputable brokers no matter what the situation (selling high leverage in a fast downtrend or buying high leverage in a fast uptrend) is enough to be happy with I suppose. The problems often arise during periods of low volume and I really recommend not trading during those periods. I do have to have a little chuckle when I hear people who have failed two or three challenges already[/highlight]...
Only very few have grown a pair to admit losses and failures in public unlike others hiding behind their ego's.
While my main focus is on futures funding firms comparing every other against FTMO is stand out best.
Thank you for reminding me .... I am ready for the next challenge.
on a postive roll...
  • #1,304
  • Jan 19, 2021 9:50am Jan 19, 2021 9:50am
Started TopStep 50k combine.
Apart from their rules, I have added max of 10 trades and 500usd daily loss limit.
Day1 : 12 trades, 25 ticks.
4 trades were not in plan green anyway logged out until tmrw
on a postive roll...
  • #1,305
  • Jan 19, 2021 9:56am Jan 19, 2021 9:56am
Quoting Rmg
Started TopStep 50k combine. Apart from their rules, I have added max of 10 trades and 500usd daily loss limit. Day1 : 12 trades, 25 ticks. 4 trades were not in plan green anyway logged out until tmrw
I call upon my father's spirit , watching over me
  • #1,306
  • Jan 20, 2021 3:13am Jan 20, 2021 3:13am
Day:2
9 trades , -95 ticks
stopping now to avoid further damage and respecting my rules

didn't follow the process exactly
Tmrw will be better.
on a postive roll...
  • #1,307
  • Edited 4:38am Jan 20, 2021 4:24am | Edited 4:38am
Quoting Rmg
Day:2 9 trades , -95 ticks stopping now to avoid further damage and respecting my rules didn't follow the process exactly Tmrw will be better.
Let's face the devil in the face by breaking it down.
1st trade was impulse loser
2nd and 3rd were good trades but bad outcome
4th trade good trade good outcome of 50 ticks,
It should have been end here for the session.

Here comes the tilt...

5th trade was anticipated continuation long entry on Ym
6th trade was same as 5th but on ES out of nowhere not in plan both faced bad outcome.
7th 8th and 9th were revenge trades on YM faced bad outcome.
What would have meant to be 1loss 1 win trade if I had followed the system exactly., which is my goal.

Going forward limiting Max of 2 trades at London open so I will have more bullets left to fire at NY open.
on a postive roll...
  • #1,308
  • Jan 20, 2021 9:32am Jan 20, 2021 9:32am
Quoting Rmg
{quote} Let's face the devil in the face by breaking it down. 1st trade was impulse loser 2nd and 3rd were good trades but bad outcome 4th trade good trade good outcome of 50 ticks, It should have been end here for the session. Here comes the tilt... 5th trade was anticipated continuation long entry on Ym 6th trade was same as 5th but on ES out of nowhere not in plan both faced bad outcome. 7th 8th and 9th were revenge trades on YM faced bad outcome. What would have meant to be 1loss 1 win trade if I had followed the system exactly., which is my...
Actually decided to trade US session only and adding ES to the list as well. I was advised the same here longtime ago, it's about time to make changes.
on a postive roll...
  • #1,309
  • Jan 21, 2021 11:16am Jan 21, 2021 11:16am
Quoting Rmg
{quote} Actually decided to trade US session only and adding ES to the list as well. I was advised the same here longtime ago, it's about time to make changes.
Day:3 23 trades, - 185ticks, broke all the rules of mine.
Not doing anything good.
DD got close, 200 usd left before losing combine .
I will be using micros to stay afloat until next billing period.
Whole of December was practing 1 simple technique and doing something else when matters.
I will be executing like a machine from tmrw. No thinking 0 analysis involved, stops and limits set and forget, update the journal regardless of the outcome.
Bcz there is a statistical edge by doing so.

I am still being positive and will get through this final hurdle.
on a postive roll...
  • #1,310
  • Jan 21, 2021 12:57pm Jan 21, 2021 12:57pm
I found something better than active trading lol... My last post was months ago, and I decided to go all-in on bitcoin and just let it rip. At the time I thought it was the dumbest thing I've ever done, but turns out it went wild. I jumped out before the top and now I'm slowly re-building my longs to buy and hold.

Low and behold, the best trades are the ones you simply don't touch... the meaning behind this post is to keep your eyes open for big trades that don't require extra effort or "active" trading.

I'm not using any leverage either, so no margin calls, etc.
  • #1,311
  • Jan 21, 2021 1:09pm Jan 21, 2021 1:09pm
Quoting Rmg
{quote} Day:3 23 trades, - 185ticks, broke all the rules of mine. Not doing anything good. DD got close, 200 usd left before losing combine . I will be using micros to stay afloat until next billing period. Whole of December was practing 1 simple technique and doing something else when matters. I will be executing like a machine from tmrw. No thinking 0 analysis involved, stops and limits set and forget, update the journal regardless of the outcome. Bcz there is a statistical edge by doing so. I am still being positive and will get through this...
Have you tried renkos ore rangebars it is on sierra isnt it and use 1 box stoploss i had some good results with renkos for a while on DOW cfd`S
Insanityoing same ting over expecting different results..Einstein
  • #1,312
  • Jan 21, 2021 1:41pm Jan 21, 2021 1:41pm
Quoting FXsniper111
{quote} Have you tried renkos ore rangebars it is on sierra isnt it and use 1 box stoploss i had some good results with renkos for a while on DOW cfd`S
Using ninjatrader now, I will have 10 tick renko bars on the the side. The problem is not being disciplined to stick with the plan. If I had followed the plan accordingly and results were bad I would look at strategy side.
I said this many times here actually tired of repeating myself
Systematic trading is the way to go.
And I will update here, not giving a hoot about making money or getting funded or not.
Just do it.
on a postive roll...
  • #1,313
  • Jan 21, 2021 9:07pm Jan 21, 2021 9:07pm
Quoting Rmg
{quote} Using ninjatrader now, I will have 10 tick renko bars on the the side. The problem is not being disciplined to stick with the plan. If I had followed the plan accordingly and results were bad I would look at strategy side. I said this many times here actually tired of repeating myself Systematic trading is the way to go. And I will update here, not giving a hoot about making money or getting funded or not. Just do it.
Very interesting. The bank analysts said if the dems sweep all 3 branches the SP would correct 7%. Instead the indexes skyrocketed. It looks like after they slammed all the shorts now they are selling.
Be humble or be humbled.
  • #1,314
  • Jan 22, 2021 2:59am Jan 22, 2021 2:59am
Quoting Rmg
{quote} Using ninjatrader now, I will have 10 tick renko bars on the the side. The problem is not being disciplined to stick with the plan. If I had followed the plan accordingly and results were bad I would look at strategy side. I said this many times here actually tired of repeating myself Systematic trading is the way to go. And I will update here, not giving a hoot about making money or getting funded or not. Just do it.

Good morning.

IMO you set yourself too much under unneccessary pressure.

Subscribing every couple weeks/months to a challenge costs money and forces you to be active instead of sitting on your hands.

Dance is when the music plays, no need to trade every day.
-and last but not least - limit your trading ours.

I use for 2 reasons ES. (4-6 tick range)
The music plays definetly around 15.30 my time;
About 2-2,5 hours later, when my eyes already started playing games with me,
I do my dinner and run with "some green" as fast as I can.


Just one question from my side here:

Why do you trade futures instead of any other instrument when you don´t use the bnefit of futures.the central exchange to spot fakes ot continuation?

Just my 2 cents
Guido
Risiko birgt immer auch die Chance.
  • #1,315
  • Jan 22, 2021 3:49am Jan 22, 2021 3:49am
Quoting Sesamstrasse
{quote} Good morning. IMO you set yourself too much under unneccessary pressure. Subscribing every couple weeks/months to a challenge costs money and forces you to be active instead of sitting on your hands. Dance is when the music plays, no need to trade every day. -and last but not least - limit your trading ours. I use for 2 reasons ES. (4-6 tick range) The music plays definetly around 15.30 my time; About 2-2,5 hours later, when my eyes already started playing games with me, I do my dinner and run with "some green" as fast as I can. Just one...
Good morning S,
I don't think its too much pressure, actually likes it. It costs money but still less then i would have lost in my real account.
There is a big take away for me is forcing me to disciplined ,naturally comes for all but I am wired weird.
If its not for fat finger mistake i could have passed the E2T gaunlet by this time now.

I just want to trade the LONDON and NY OPEN upto 90 minutes. 10 trades max per day. I have a very clear detailed plan what to do, but when i see a pattern outside the trading plan i would just go for it. This one impulsive behavior is the root of all caused by FOMO or too long spent time on simulation in the past.

Leverage is the main reason looking back at futures. I want to use Cum.delta which comes free with sierra package3. BUT sierra is not supporting rithmic any longer which is used by these funding firms.
Ninja trader offers nothing nowhere near to sierra. But I am okay with Plain Candles chart with OHLC.
Fake outs and conitinuation visible on candle charts too . I may sound crazy ..Volume adding confusion to my price reading overall.
on a postive roll...
  • #1,316
  • Jan 22, 2021 4:04am Jan 22, 2021 4:04am
Took few trades very early morning on MYM and M2K.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M2K 03-21 (1 Minute) 2021_01_22 (10_02_32).png Size: 46 KB
Click to Enlarge Name: MYM 03-21 (1 Minute) 2021_01_22 (10_01_25).png Size: 51 KB
on a postive roll...
  • #1,317
  • Jan 22, 2021 4:39am Jan 22, 2021 4:39am
Quoting Temujin
{quote} Very interesting. The bank analysts said if the dems sweep all 3 branches the SP would correct 7%. Instead the indexes skyrocketed. It looks like after they slammed all the shorts now they are selling.
Analyst's knows nothing more than what we knew already. Better to listen to the charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: quote-i-believe-that-only-short-term-price-swings-can-be-predicted-with-any-precision-the-linda-.jpg Size: 84 KB
Click to Enlarge Name: self-control-in-trading-daimontraders.jpg Size: 66 KB
on a postive roll...
  • #1,318
  • Edited 8:53am Jan 22, 2021 8:07am | Edited 8:53am
Quoting Rmg
{quote} Good morning S, I don't think its too much pressure, actually likes it. It costs money but still less then i would have lost in my real account. There is a big take away for me is forcing me to disciplined ,naturally comes for all but I am wired weird. If its not for fat finger mistake i could have passed the E2T gaunlet by this time now. I just want to trade the LONDON and NY OPEN upto 90 minutes. 10 trades max per day. I have a very clear detailed plan what to do, but when i see a pattern outside the trading plan i would just...
" I just want to trade the LONDON and NY OPEN upto 90 minutes."
The European market is very thin, FDXM has a liquidity 7-13 contracts in average/Tick=Point. value 5Euros
Every small pi^^er can interupt the flow with 10-20k Euros in orders.
--- Our large and well respected DAX--
FDAX looks not much better.


ES had yesterday around 200 contracts/tick or 800/point point value is 50$.


" I want to use Cum.delta which comes free with sierra package3"

I´m pretty happy with SC.
I use the Denali Datafeed incl. market dept what makes the Cum. delta good visible.

One of the key elements for me in futures trading.

Guido
Attached Images
Risiko birgt immer auch die Chance.
  • #1,319
  • Jan 22, 2021 9:04am Jan 22, 2021 9:04am
Day: 4 Took some trades on M2K saw clear break while YM is still struggling.
15 trades 250 ticks on micros only. 3 trades over the limit. logging out.
Attached Image (click to enlarge)
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Attached Image
on a postive roll...
  • #1,320
  • Jan 22, 2021 9:24am Jan 22, 2021 9:24am
Quoting Sesamstrasse
{quote} " I just want to trade the LONDON and NY OPEN upto 90 minutes." The European market is very thin, FDXM has a liquidity 7-13 contracts in average/Tick=Point. value 5Euros Every small pi^^er can interupt the flow with 10-20k Euros in orders. --- Our large and well respected DAX-- FDAX looks not much better. ES had yesterday around 200 contracts/tick or 800/point point value is 50$. " I want to use Cum.delta which comes free with sierra package3" I´m pretty happy with SC. I use the Denali Datafeed incl. market dept what...
You are right about it mate, I just need to think it over.
on a postive roll...
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