Call me Vidvad - I day trade futures

This is in my own account and not one of the prop accounts I am trading. This is short 1 little MES contract. Incide candle on the hourly chart, and the tick below the low of the inside bar was the open of the mother bar. Failed breakout of yesterday's high at the moment. Going to let this ride with an 8 point stop loss, and a 36 point take profit near the open of the day. 4.5 reward to risk.

If the M5 ema moves below my entry, I will move the stop loss to breakeven.



30 minute SPX (S&P 500 index) shows that the index itslef, which MES/ES track, is testing the open of the NYSE. If SPX holds above its open, this trade will lose.

Called it quits here. Moved target to 5217.00 for 6.75 points.

It took all day but the S&P 500 finally has broken below the NYSE opening price. That big gap? That was money made by overnight bots. Tonight we'll probably fill the gap back to Friday's close with a nice smooth overnight trend. Then tomorrow, another 8 hours of chop and slop lol.

Oil now has four days of breakout traders in the market.

Nice Thread here Vidvad, Miss you on RP's thread. Keep posting those charts

Overnight traders again score a gap. MES with my entry from yesterday as well as my take profit as the NYSE session was coming to a close. Overnight, price has made it within a few ticks of my original take profit from yesterday's trade.

You´re completely right on that, when you've been trying different things for so long, you start to think that the edge of profitable traders is their subjectivity when it comes to seeing and interpreting the market apart from the system they use.

But this is something that causes a lot of stress because depending on subjectivity means that each day can be different and so can be the result. I have to change that mentality and understand the fixed rules in which I would like to play.

I've never been profitable and have lost time and time again over the last few years, so I don't know what it's like to come out on the other side. But I want to follow that path of constancy and written rules mindset to change that in my life.

Thanks for the input, with you a nice Tuesday!

Having data issues this morning. I realized when I went to place a trade that somehow my real time data had been replaced with delayed data and so I was unable to enter the order in my account. I had tried to buy MES at 5193.50 when it traded up through the lowest hourly open of the day.

I'll not be trading any account, my own or the prop accounts, until I get the data issues sorted out. I have two connections running through NT at the same time.

As a result of this problem I was distracted and missed the HOLO short on CL at 82.21.

Technology - live with it, can't live without it, and certainly can't trade if it isn't working correctly!

I have alerts set on CL for if price trades at or above today's 82.32 high or at or below today's 81.81 low. No trade today for me on CL unless price trades at one of those two extremes at the very least.

I also have an alert should price cross above the upper trendline of the channel I have drawn. If so, I'd be looking for a reversal down OR a breakout that would target the October 2023 highs.

MES didn't pullback to the lowest hourly open at 93.50 so I entered on the return back up through the high of that hourly candle, so I'm long at 5199.00 and target is 15 points at 5214 which is near today's Globex open.

Four day's of bullish breakout traders are in the oil market as of now. Are we about to make it 5 days of bull breakout traders in the market?

Still having data issues with Ninjatrader. For this prop account, it will not show the text and marker for my fills. This is my first and possibly only NQ trade for the day if I can't get it sorted out.

This trade just closed for a +61 tick profit.

Shut down NT, restarted the computer. Synched up the date and time. Reopened NT and everything looks to be working now, finally.

Entered on the first break and hit my stop loss of -40, then entered again in second green cnadle candle and hitted +60 ticks so recovered on that one and made a little back.
Sim trade all these posts of mine, just practicing!

The first long was a win, the second long a loss. I piled into the first short for a profit, and then I Missed the entry on the second short as I was distracted with some other work.

Probably done for the day on NQ with +130 ticks total net profit. Wouldashouldacoulda been better, but I'll take a profitable day for sure given all the tech problems I was dealing with earlier.

For CL, we are in day 5 of bull breakout traders in the market.

No trades on CL for me today.

Scratched the MES trade for +1 tick as ES/MES/SPX remains directionless and SPX has been more or less stuck below its NYSE opening price level.

Vidvad....when you enter NQ on 21 renko, at which point do you bring stop loss to break even. Thanks

In today's case, price went up +21 ticks and then came all the way back and almost stopped me out, came within a tick or two, and then went to make a new high. Once price made a new high, in this case, +22 ticks, I moved the stop to about +8 ticks.

I have my current ATM set to move to +5ticks once price goes +40 ticks.

Sometimes I miss out on a +60 tick profit because with the NQ, it will pullback 10 points sometimes before making the next 20 points profit.

I use the bar status tool to help trail sometimes.

In my opinion, the "when to move stop or trail stop" is probably the part where experience and feel lead to the discretion inherent in my trading.

I can rule base my entry, take profit, and initial stop loss. But when to trail is really a case-by-case basis.

But a general rule of thumb is that if price moves in my favor by at least 5 points (+20 ticks) and THEN goes negative without stopping me out, I will move the stop IF price then makes a new high. I might move the stop to one tick below the low of the pullback, I might move it to the level below which a new candle against my trade would open using the bar status tool, I might go to breakeven, or breakeven +x ticks. Really a matter of how the market is acting at that time for that particular trade.

If I am long, and the minute chart is still short, I will be more aggressive in tightening my stop. If I am long and the the 5-minute chart is long, but price is extended high above the ema's, I will be more aggressive with moving my stop. If I am long and the renko H-A and the five minute are more or less in synchronicity with one another, I'll be much more open to letting the ATM strategy decide if I win or lose.

Your entry was 7.5 points higher than my entry. That is 30 ticks or halfway to the profit target.

I see you have the bar status tool on your chart. But are you using it?

No reason to post among the trolls, especially when the chief among them posts after-the-fact likely photoshopped "entries and exits" while claiming he is the "only one to post live results." I post set ups before, during, and after the trade. I don't believe any of the trolls who have taken over that thread have posted a before-the-fact set up even once.

I have the trolls on ignore, so they are unable to post to this thread, which is how it should be.