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Flag trading the trend

  • #9,661
  • Jan 20, 2016 8:58am Jan 20, 2016 8:58am
Quoting The Cableguy
DD, do you use 'gauranteed stops'? Would hate for an unforeseen event gap to be a set-back
No such thing as a guaranteed stop in futures trading. My trades are all day trades, and I'm am usually aware of what news will be out and when, so I try not to be in a new position without some profit cushion when news is pending. And I won't be holding anything overnight, so an adverse gap will not effect me.
  • #9,662
  • Jan 20, 2016 9:04am Jan 20, 2016 9:04am
So 5 points profit this morning has me achieving my first goal of doubling a $2K account by January 22, 2016 trading the one contract of the ES.

Attached Image (click to enlarge)
Click to Enlarge Name: 01-20-2016 GOAL 1.jpg Size: 78 KB


So that is behind me. Now I have a new goal. My goal is to double my now $4000 account by February 5, 2016 trading the two contracts of the ES. If the account balance drops below $2600, I will size back down to one contract. until back above $4K.
  • #9,663
  • Jan 20, 2016 9:07am Jan 20, 2016 9:07am
My goal is to double my now $4000 account by February 5, 2016 trading the two contracts of the ES. If the account balance drops below $2600, I will size back down to one contract. until back above $4K.

Starting balance:

Attached Image
  • #9,664
  • Jan 20, 2016 10:20am Jan 20, 2016 10:20am
what an amazing day who would have thought got 190 ticks net with 2 contracts for 1900 dollars. 14 trades WOW ! 5 30 tick wins 1 20 tick win 2 15 tick wins 5 +1s and a 15 tick loss. I know that Wednesdays for crude are not good but man the YM was humming today. I think I may go back to just specializing on the YM and let crude sit in backround unless theres a day where YM just goes sideways too many charts to post but if you look at a 333 tick chart you will spot all the 2b and 123 setups
  • #9,665
  • Jan 20, 2016 10:29am Jan 20, 2016 10:29am
couldn't help my self another setup just happened a 123 breakout pb to point 2 at 39 got to within 3 ticks of target flattened with 23 more
  • #9,666
  • Jan 20, 2016 10:39am Jan 20, 2016 10:39am
didn't take it but there was a 123 but no momentum confirmed yet but after it closed 2 times above point if you took the pb to point 2 at 33 it connected and that was another 30 tick win
  • #9,667
  • Jan 20, 2016 11:03am Jan 20, 2016 11:03am
Quoting Divergence
what an amazing day who would have thought got 190 ticks net with 2 contracts for 1900 dollars. 14 trades WOW ! 5 30 tick wins 1 20 tick win 2 15 tick wins 5 +1s and a 15 tick loss. I know that Wednesdays for crude are not good but man the YM was humming today. I think I may go back to just specializing on the YM and let crude sit in backround unless theres a day where YM just goes sideways too many charts to post but if you look at a 333 tick chart you will spot all the 2b and 123 setups

  • #9,668
  • Jan 20, 2016 11:10am Jan 20, 2016 11:10am
Quoting ddaytrader
{quote}
Thanks DD really glad you joined us and its very exciting to watch you set a goal and trade in the zone to achieve that goal. since trading for me is already my way of earning income based on my trade plan and of course my total bills I need to pay each month looking for a number is not in the cards for me other than making sure I make at least 1000 a week. I only keep 5000 in my trading acct and draw profits out each month and as long as I make 4000 minus 1000 for taxes I am a happy camper. though as you can see its been a whole lot more than that. Our uncle will love us at the end of the year
  • #9,669
  • Jan 20, 2016 11:13am Jan 20, 2016 11:13am
i look you trading at 1min charts, how much do you spend for spread? How point t/p + s/l?
  • #9,670
  • Jan 20, 2016 11:19am Jan 20, 2016 11:19am
Quoting sanorin
i look you trading at 1min charts, how much do you spend for spread? How point t/p + s/l?
I use a 333 tick chart commission is 3.60 a contract I trade 2 contracts so 7.20. stop is 15 ticks target is 30. I attempt to lock in 15 ticks on first trade as spending money on second trade which makes it a free trade ye ole parlaying maneuver
  • #9,671
  • Jan 20, 2016 12:55pm Jan 20, 2016 12:55pm
Quoting ddaytrader
My goal is to double my now $4000 account by February 5, 2016 trading the two contracts of the ES. If the account balance drops below $2600, I will size back down to one contract. until back above $4K. Starting balance: {image}
Way to go!

And good that you have that size back threshold there. Let's all hope that you will never need it!
  • #9,672
  • Jan 21, 2016 7:28am Jan 21, 2016 7:28am
let the games begin
  • #9,673
  • Jan 21, 2016 7:48am Jan 21, 2016 7:48am
YM still rocking a hat formed went short from 23 for a quick 30
  • #9,674
  • Jan 21, 2016 8:32am Jan 21, 2016 8:32am
Followed by the pb to pt 2 for 20
  • #9,675
  • Jan 21, 2016 8:35am Jan 21, 2016 8:35am
123 long from 99 for 30
  • #9,676
  • Jan 21, 2016 8:36am Jan 21, 2016 8:36am
Well, dear H, you are an old rocker yourself ... maybe that's why she's so cooperative ... lol.

I have basically taken this week off from live trading as I refamiliarise myself with the ES. I have tried everything to seduce her, largely without success & of course trying to fit all manner of my jtLabs templates to her charts (inc a little touch of Heikin Ashi - not so long ago that we were using that !).

I was reading up on one of dd's former stomping grounds for the 34EMA channel & I used to use the RSI(2) (on which Larry Connors did masses of research) a great deal : I'm not trying to be 100% mechanical, but rather very systematic. I am liking this setup at the moment (still have the SMA(1), although now slightly less prominent) :

Attached Image (click to enlarge)
Click to Enlarge Name: ES RSI.PNG Size: 54 KB


One more day of R&D tomorrow, then back Live next week.

Edit : a quick look at the first 15 mins of the YM off the US Open :

Attached Image (click to enlarge)
Click to Enlarge Name: YM RSI.PNG Size: 68 KB


Will test FDXM tomorrow morning as well.
  • #9,677
  • Jan 21, 2016 8:53am Jan 21, 2016 8:53am
2b short no mom confirmation waited for 2 closes and confirmation and took pb to pt 2 at 25 it came back connected for another quick 30. NEXT
  • #9,678
  • Jan 21, 2016 9:02am Jan 21, 2016 9:02am
Mom already confirmed 2b long from 68 for another quick 30. NEXT
  • #9,679
  • Jan 21, 2016 9:25am Jan 21, 2016 9:25am
123 short mom confirmed loss -15 then 2b short mom confirmed from 02 for + 30 NEXT
  • #9,680
  • Jan 21, 2016 9:55am Jan 21, 2016 9:55am
Too many trades to post charts, but have found my final strategy. 15 trades thus far, all on DAX 15 second chart. 10 winners, 3 +1's and merely 2 losers.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
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