Nasdaq Futures NQ Trading Diary

Just popping this in here




not sure if we get a move back to my entry and then a collapse back down as the PA has also held at the 50% of the IB


Ended up going long after the sell-off

really not expecting the SSS Entry to get hit, but just for shits and giggles

Waiting until after FOMC meeting minutes release



Zoomed in with IB range extension hit.

Market moving quickly off the 14,100


bounced off the most traded level

No where to go but up, temporarily that is.

https://www.tradingview.com/x/ndjwjBQE/

This is what I am looking at today

and this is what I did


and this is what the market did

Turn around Tuesday, will it be melt-up Wednesday


Got stopped out, going long pre-futures open. Flipped at the first opportunity to the downside.

to


13,800 was a measured move of the Initial Balance

something new for 2023
https://www.macrobriefing.com/coming-soon-03

All the best with the new venture! What would you consider medium term trading?

From the testing we've done so far, you will have to initially be comfortable taking between 100 to 150 trades a year. There are a couple of caveats to that. The initial 125 trades have a fixed RRR, after that your free to spank the accounts however you please.

Been a while since I posted anything to do with futures, so I figured I should do a trading combine with TopStep.



I needed to make an extra $400 as my best day was too big, lol.

However, did that in the London session today and with any luck August will be live trading the Futures again.


The reason I went back to Topstep is because they have changed quite a lot of their rules. Any I like what they have done.
The best thing in my opinion is that they liquidate your account for the day if you hit your Daily Drawdown level. This helps for when your bias is wrong and your ego puts you on full tilt when the market keeps stopping you out.

The consistency rule is also good, as many times I just tried to hit the target in 1 or 2 trades and then traded small. That is gambling on red or black essentially and no use to you in the real world. Now with the added consistency rule ( I preferred 30% biggest day to the now 50% biggest day) there is some move to trading like we should in the real world. Consistency and patience is what make us rich after all.

good to see you posting again. how was/is the fx venture? great work on the combine; looks like you are using a solid 'keep it simple' approach

Yes, the approach is very simple,
• Wait for a break of structure
• Wait for a pullback
• trade



The FX venture is going well too, just need to find some decent traders to join in.

I'll try and post more often regarding the futures, I have dipped into your thread on several occasions. You must have quite a healthy account now.
With my fx thing, the trades can take days to pan out in quiet markets, whereas with the futures I am in and out on a daily basis at least.

..interesting, so you're looking for traders to follow an MB Trading proprietary strategy, or their own?

both really, the first 125 trades they would need to follow a strict Risk Reward Ratio of 1:2 , after that they can do whatever they want

https://www.tradingview.com/x/ZZT0COk9/

The type of trade that I would take



RRR 1:2

Get to Breakeven at 1:1



Now wait for TP or SL (scratch trade)

On the futures a 50 point trade is a 200 tick trade.
Each tick on the e-mini is $12.50
200 * $12.50 = $2500 (before comms)


If a trader could make that 50-point trade 56 times out of 125 trades, I'd give them ~$50k for their time

https://www.tradingview.com/x/IS7LRcF6/

And there we have it.

great example,..sign me up