johnnycakes78704

Ended this week with 230 ticks. Funding arrived in account today. Still stayed in sim to ensure everything was the same. Pulled 6.9 points on two trades. Going live next week.

On previous post, ended that week with a 144 ticks profit. Ended last week with 196 ticks profit while trading 1 contract, 3 trades per day. Didn't trade on Tuesday last week. Avg trade profit was 15 ticks. One losing trade in those 4 days. The main difference is that I've been learning Price Action and applying that to my trading. Besides a volume pattern indicator, to tell me when big money is coming in or amateurs are playing around, that's all I'm utilizing. Today was stopped out twice. Came back with a long that covered my losses and put me 12 ticks in the black.

PnL for today. Very happy with the results and looking forward to tomorrow.

Not trading live yet. Had a chat with another trader and he suggested I look at the TF. Started with that last week and, well, am doing ALOT better with that than the ES. I wasn't going to go live until absolutely certain of my platform. Thursday netter me 4.4 points, Friday was 2.2 points (couldn't get into office due to snow until the afternoon hours) and TODAY (!) I made 8.6 points. I did cut back the trades I take to 2-4 a day, depending on long or short set ups. Doing great with this and we shall see how I do with this. Almost done funding the acct, so once I finish that to proper levels, I'll be going live. The image is a trade I made on the TF and YM. My stop was tight and a quick reversal closed out my trade. Reviewed it and everything seemed great so I took the trade with some great results but as you can see, I stayed in it for too long, at least on the TF.

Haven't disappeared, still working on it. Gained 2.25 points today on ES. Am averaging that per day. taking the profit and getting out of the market after the gain. Here is one of my trades for today.

Am limiting my trading to 2 trades a day in an effort to be more sure of my trades, 1 long and 1 short. Today was first day of implementation, gained 2.5 points today.

Got stopped out on reversals today. Was able to get 3.75 points out today, almost covering losses. Ended the week positive. I should have closed out my final trade at 2.75 points though instead of waiting to see if it'll go to 3 points...it regressed to a 2 point gain.

Done ALOT of reading, backtesting, and review of methods and have defined my rules. Traded a bit over the holidays and came up ok.....just ok...not bad, not great. Due to circumstances out of my control (wife totaled the vehicles over the holidays) and schedule changes, my trading hours have been adjusted out of my control until at least 1 vehicle gets replaced, which should be by this weekend. Started with my trading on the defined premises on Tuesday when we came back from the holiday. 1/4: Profit= .75 points 1/5: Profit= 1.75 points 1/6: Profit= 4 points. All of my profit taking was on 1 point or smaller moves. No trying to break the bank. Also, there were trade losses each day.

Applied some earlier techniques using info from Bathrobe along with Support/Resistance and a trending indicator, resulting in better trades. Found video libraries on setting trailing stops in simulator to help out with P&L and will review them tonight.

Kiwi, thank you for the input. I am using a live sim, but not trading any account. I am still defining my methods. We shall see what this week of testing and application gives.

I am using the Keltner channel and candlesticks. Today I added the Chaikin Money Flow indicator as well. Not sure how well that is working. I know I'm making too many trades given the live feed. I slowed it down to instead of 1 minute to 5 minute. Don't see a tick chart anywhere.... Attempts are at .75-1.25 points long and short side. Looking at this weeks performance, the shortside trade is my biggest detractor, and being unfamiliar with the software. For example, I accidentally pressed "Sell market" on a short position instead of buying and was caught up in a 2 contract reversal instead of a 1 contract reversal, doubling the loss upon closure. Point wise, this week I did better as the week progressed. Monday had a 1.25 point gain Tuesday had a 2 point gain Wednesday had a 3.25 point gain Thursday had a 5 point gain Friday had a 4 point gain. Average gain is 3.1 points per day, exactly what Why? said it would be, roundabouts The losses for the week were more significant due to ill timing, poor conditions, and being hardheaded thinking the market MUST go back up...Monday resulted in over half of the week's losses. I'm now going over the data and the indicators to see where and how I won and where/how I lost to further refine my understanding. I'll be reviewing what worked and what didn't for a better week next week, at least for a few days.

I found some indicators I liked yesterday spending then and last night reading up on them. Today, using them I pulled 5 points but was too busy to really watch it so I lost all those points plus 2 more. I am not frustrated as I realize P&L are because the indicators are showing the movement and when I am available I am capitalizing on them. I need to be more diligent and ensure my positions are closed out when I am not at the screen. Does your charting s/w show afterhours movement?

Broke even the past two days. Early day gains are 2-2.5 points. This was my first post FOMC trades for futures and for a quick minute my trade registered a 1.25 point gain, only to suffer a stop two points down, just about wiping me out of all of todays gains. Have a 66% positive trade ratio, but the two trades that went south went way south. Looks like massive profit taking late today and yesterday....this reinforces morning trading only. I can definitely see the market moving sideways most days, appears that the conditions previously really suited my trading style. Gonna have to learn to profit from .75-1.25 point moves

jack, thank you for the vote of confidence. However, this still does not sway me from my original thoughts as I still have more to learn and define in regards to my strategies. Raw talent, for any field, requires discipline and concerted effort to ensure future payoff. Finviz aggregates several news sources w/ title of article and a link. In that scenario, I could short the market, buy at the bottomish of the sell off or wait for the correction. Given I am new to this trading platform, what is your way to benefit from this scenario? Also, I must say, I never took anything you said as abrasive. Isis, what an invaluable contribution! Thank you so much.

Bathrobe, my remarks were absolutely (!) not directed at you, instead two individuals who made comments that were in jest of my intentions. Thank you for your input. I know I am a beginner at this and my risk management plan is in development. With my experience being in a different field, the plan for futures has to be researched and with discipline, followed. Thanks so much! My methodology is in development now.