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I've been trading for over eight years now, and I'm looking to get more involved with the trading community. I don't know anyone else that trades really.

 

I'll be posting daily trade recaps and walking through each trade I made for the day. I think it will be good for me to be public with this, and hopefully you guys gain from it as well. I've never been a part of forums before, so bear with me.

 

I trade short term price action on the emini russell 2000 and emini s&p contracts.

 

So far in April I'm up 8.6% with a max drawdown of 3.2%.

In March I made 22.7% with a max drawdown of 4.5%.

 

I'm very analytical and have a robust trading spreadsheet I update daily to monitor my performance (true performance, risk adjusted. not just looking at %p/l which doesn't tell us much) and my susceptibility for making trading/money management errors.

 

I'm looking forward to this!

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Welcome to TL!

 

I'll look forward to following your thread, as I'm sure many others will.

 

Would you be able to provide a brief overview of your trading style and why you focus on these specific markets? Also, what led you to trade on an intraday basis?

 

Many thanks,

 

Bluehorseshoe

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Welcome to TL!

 

I'll look forward to following your thread, as I'm sure many others will.

 

Would you be able to provide a brief overview of your trading style and why you focus on these specific markets? Also, what led you to trade on an intraday basis?

 

Many thanks,

 

Bluehorseshoe

 

Thank you.

 

I started out trading stocks in 2005 as that was all I knew you could trade. Reading every trading book I could get my hands on and learning. After working on a trading floor, I learned about currency trading and switched over to that. I was put off with the lack of regulation/slippage/etc with forex, so I switched over to futures to continue to trade the Euro. Then I learned about the beautiful, transparent, liquid, emini index markets and fell in love. Most of all I like they're rhythm.

 

I'm a descretionary price action trader. I consider my method to be very short-term swing trading. I like to trade direct price movements. I try and be with the "flow" of the market. I watch 50 tick, 250 tick, and 5minute charts. I trade pullbacks within trends, breakouts, breakout failures, and tests of support/resistance levels on higher timeframes.

 

I used to trade currencies of 1-hour and 4-hour charts, but it never suited my personality. I like to have very tight stop-losses and focus intensely for a few hours a day as opposed to always watching for some signal/pattern to develop day/night like I used to.

 

Hope that answers your questions.

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Sounds great. I too trade the ES & TF exclusively, mainly trading MP & VP. What is your long term intentions with this thread? Are you looking to mainly post your results ie: trading blog, or are you looking to create a group and share ideas? I second some of the previous posts. Would like to hear more about your trading style, what platform you use, some recent trades you took and why, risk management, etc etc. Please be as specific as possible. Look forward to hearing more. Good luck

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Hope that answers your questions.

 

Thanks for your reply.

 

How similar do you find the behaviour of the Russell and the ES? Does there tend to be much correlation between the trades you take in each, or do they behave very differently on a tick-by-tick basis?

 

I'll look forward to following your thread.

 

Regards,

 

Bluehorseshoe

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Hi, I will also attempt to follow your posts... from the north Atlanta Ga area (Cumming, GA).

 

Trade YM and ES along with some swing options spreads. Been trading a long while but only the option spreads have been doing any good for me. But I am getting better at day trading and been in a "trading room" for couple of months. I am learning from experience in room. I have a lot to learn on money/trade management (which seems to be more experience driven).

 

Finding that trade management for me is the most difficult part of trading. Specifically where to place a stop after getting first target (T1) and/or when to go flat so as not to give back more than T1 gives me. I can bring stop to Break even or minus a few ticks, but that often gets me out of trade only to see mkt then move in direction of trade again. So there must be a balancing of risk and trade potential that must continually be considered.

 

Seeing another's trade management will help, looking forward to your posts.

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Thanks for your reply.

 

How similar do you find the behaviour of the Russell and the ES? Does there tend to be much correlation between the trades you take in each, or do they behave very differently on a tick-by-tick basis?

 

I'll look forward to following your thread.

 

Regards,

 

Bluehorseshoe

 

I haven't done much "real" analysis on this. I imagine they have a fairly high correlation. I think there are so many arbitrage, quant, hft, etc traders on the ES that that's the reason it moves in those tight blocks so often (as in a 1-2 tick range just miserable to look at for my style). The russell/TF tends to move quicker and farther. You know it has 10 ticks/point vs the ES's 4, and the TF moves more points on an average day. For me it means a 1 tick slippage on a market entry order is much less of a deal because that's a smaller percentage of my average winning/losing trade in terms of ticks, so that's a plus.

 

I certainly don't want this thread to get off on a tangent of ES vs TF. They're both great markets to trade, and it comes down to personal preference.

 

(I've tried to post a recap video for yesterday (4-13-12) but since i'm new, it's taking a very long time for my posts to hit.

 

At the moment I very much prefer TF.

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Sounds great. I too trade the ES & TF exclusively, mainly trading MP & VP. What is your long term intentions with this thread? Are you looking to mainly post your results ie: trading blog, or are you looking to create a group and share ideas? I second some of the previous posts. Would like to hear more about your trading style, what platform you use, some recent trades you took and why, risk management, etc etc. Please be as specific as possible. Look forward to hearing more. Good luck

 

Long term intentions are to just create a good, sharing, respectful environment for sharing and everyone growing in their own trading. This will be a trading blog for me, but I think a group setting will develop and everyone benefits.

 

You'll fully see my style as soon as the moderators allow me to post my trade recap videos that are on youtube.

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Hi, I will also attempt to follow your posts... from the north Atlanta Ga area (Cumming, GA).

 

Trade YM and ES along with some swing options spreads. Been trading a long while but only the option spreads have been doing any good for me. But I am getting better at day trading and been in a "trading room" for couple of months. I am learning from experience in room. I have a lot to learn on money/trade management (which seems to be more experience driven).

 

Finding that trade management for me is the most difficult part of trading. Specifically where to place a stop after getting first target (T1) and/or when to go flat so as not to give back more than T1 gives me. I can bring stop to Break even or minus a few ticks, but that often gets me out of trade only to see mkt then move in direction of trade again. So there must be a balancing of risk and trade potential that must continually be considered.

 

Seeing another's trade management will help, looking forward to your posts.

 

Stop placement, for me, is all about having the stop at a level that will invalidate your future expectation, and it's something that (I am supposed to) decide on before I even enter the trade. Should my stop be moved to breakeven? That depends on at this point in time, if price retraced to that level, would I still want to be in the trade? That's all there is to it.

 

You said, "Specifically where to place a stop after getting first target (T1) and/or when to go flat so as not to give back more than T1 gives me." This is making trading decisions based on previous actions by you, and that's never correct. Whether it's making a decision based on your last trade, or making a stop placement based on how much profit was taken at T1, it's not correct analysis.

 

The only correct analysis is to remain pure, in the zone, unbiased, with the market. We all struggle with this. Don't let previous decisions affect future ones.

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Welcome Indextrader7!

 

I'll be looking forward to your trading recaps. Trading is lonely at times. It's good to have a group of like minded people.

 

Jasmine

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Here's what my drawdowns look like since I began trading full time in February of this year. It's on a per-trade basis, not end of day data.

 

Risk is the most important thing to keep up with. Risk management is priority numero uno.

5aa710eb9fa0a_drawdownsfeb-april13.thumb.gif.c6e0046481961e9b4d8e345287a31066.gif

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We already took a look at my drawdown chart. Now let's look at my trading stats for the year.

 

The "equation" (if you will) for profitability is looking at the combination of win% and your avgwin:avgloss ratio. I use the past 20 trades for each calculation. Have no clue if 20 trades is a good number or what, it just sounded like it would work.

 

Have a look at each graph.

 

Looking forward to feedback.

winpercentage.gif.ffcdfe776b1116169bb3a2b2f3f50816.gif

winlossratio.thumb.gif.ae747aadc3c36d0d6ec7912a26b87222.gif

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Didn't keep losses small enough today! Pretty upset at a lapse in discipline money management. Slightly profitable day $ wise, but -11 ticks.

 

Looking forward to feedback on the video. What would you rather me talk about during it? I really want this thread to revolve around the trade recap videos.

 

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Hello,

 

I'm finding this thread both useful and interesting. The videos are a great way to present what you're doing. Could you explain a little about how you determine your bias for the trading day?

 

Thanks,

 

Bluehorseshoe

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Hello,

 

I'm finding this thread both useful and interesting. The videos are a great way to present what you're doing. Could you explain a little about how you determine your bias for the trading day?

 

Thanks,

 

Bluehorseshoe

 

Yes, the bias is quite an important part of what I do. I don't always trade with it, but when I don't, I know what I'm getting myself into, so I adjust risk accordingly.

 

The bias is really what is happening as far as trending/ranging on my trading timeframe. For example: I have a bias upward while we're making higher high's and higher low's, but at the same time am more aware than just that... Obtaining a 3D view of the market by using multiple timeframes. The longer timeframes set up the structure that the shorter timeframe trends and ranges within.

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You'll hear in the video how my bias changed through the day. Downtrend (didn't work), uptrend (didn't work), then I saw the range and killed it for the rest of my session.

 

Thought that might be of value for bluehorseshoe and others

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I thought I would share something more today. Here's a look at my trading stats spreadsheet I made.

 

Monitoring performance is crucial for me. A combination of a trade journal that I write in as I trade, a trade log- (this spreadsheet) with analytics, and a daily and weekly trade review. These things have a lot to do with my success.

 

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    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.vvvvvvv
    • Date: 16th April 2024. Market News – Stocks and currencies sell off; USD up. Economic Indicators & Central Banks:   Stocks and currencies sell off, while the US Dollar picks up haven flows. Treasuries yields spiked again to fresh 2024 peaks before paring losses into the close, post, the stronger than expected retail sales eliciting a broad sell off in the markets. Rates surged as the data pushed rate cut bets further into the future with July now less than a 50-50 chance. Wall Street finished with steep declines led by tech. Stocks opened in the green on a relief trade after Israel repulsed the well advertised attack from Iran on Sunday. But equities turned sharply lower and extended last week’s declines amid the rise in yields. Investor concerns were intensified as Israel threatened retaliation. There’s growing anxiety over earnings even after a big beat from Goldman Sachs. UK labor market data was mixed, as the ILO unemployment rate unexpectedly lifted, while wage growth came in higher than anticipated – The data suggests that the labor market is catching up with the recession. Mixed messages then for the BoE. China grew by 5.3% in Q1 however the numbers are causing a lot of doubts over sustainability of this growth. The bounce came in the first 2 months of the year. In March, growth in retail sales slumped and industrial output decelerated below forecasts, suggesting challenges on the horizon. Today: Germany ZEW, US housing starts & industrial production, Fed Vice Chair Philip Jefferson speech, BOE Bailey speech & IMF outlook. Earnings releases: Morgan Stanley and Bank of America. Financial Markets Performance:   The US Dollar rallied to 106.19 after testing 106.25, gaining against JPY and rising to 154.23, despite intervention risk. Yen traders started to see the 160 mark as the next Resistance level. Gold surged 1.76% to $2386 per ounce amid geopolitical risks and Chinese buying, even as the USD firmed and yields climbed. USOIL is flat at $85 per barrel. Market Trends:   Breaks of key technical levels exacerbated the sell off. Tech was the big loser with the NASDAQ plunging -1.79% to 15,885 while the S&P500 dropped -1.20% to 5061, with the Dow sliding -0.65% to 37,735. The S&P had the biggest 2-day sell off since March 2023. Nikkei and ASX lost -1.9% and -1.8% respectively, and the Hang Seng is down -2.1%. European bourses are down more than -1% and US futures are also in the red. CTA selling tsunami: “Just a few points lower CTAs will for the first time this year start selling in size, to add insult to injury, we are breaking major trend-lines in equities and the gamma stabilizer is totally gone.” Short term CTA threshold levels are kicking in big time according to GS. Medium term is 4873 (most important) while the long term level is at 4605. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 15th April 2024. Market News – Negative Reversion; Safe Havens Rally. Trading Leveraged Products is risky Economic Indicators & Central Banks:   Markets weigh risk of retaliation cycle in Middle East. Initially the retaliatory strike from Iran on Israel fostered a haven bid, into bonds, gold and other haven assets, as it threatens a wider regional conflict. However, this morning, Oil and Asian equity markets were muted as traders shrugged off fears of a war escalation in the Middle East. Iran said “the matter can be deemed concluded”, and President Joe Biden has called on Israel to exercise restraint following Iran’s drone and missile strike, as part of Washington’s efforts to ease tensions in the Middle East and minimize the likelihood of a widespread regional conflict. New US and UK sanctions banned deliveries of Russian supplies, i.e. key industrial metals, produced after midnight on Friday. Aluminum jumped 9.4%, nickel rose 8.8%, suggesting brokers are bracing for major supply chain disruption. Financial Markets Performance:   The USDIndex fell back from highs over 106 to currently 105.70. The Yen dip against USD to 153.85. USOIL settled lower at 84.50 per barrel and Gold is trading below session highs at currently $2357.92 per ounce. Copper, more liquid and driven by the global economy over recent weeks, was more subdued this morning. Currently at $4.3180. Market Trends:   Asian stock markets traded mixed, but European and US futures are slightly higher after a tough session on Friday and yields have picked up. Mainland China bourses outperformed overnight, after Beijing offered renewed regulatory support. The PBOC meanwhile left the 1-year MLF rate unchanged, while once again draining funds from the system. Nikkei slipped 1% to 39,114.19. On Friday, NASDAQ slumped -1.62% to 16,175, unwinding most of Thursday’s 1.68% jump to a new all-time high at 16,442. The S&P500 fell -1.46% and the Dow dropped 1.24%. Declines were broadbased with all 11 sectors of the S&P finishing in the red. JPMorgan Chase sank 6.5% despite reporting stronger profit in Q1. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only modest growth. Apple shipments drop by 10% in Q1. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • The morning of my last post I happened to glance over to the side and saw “...angst over the FOMC’s rate trajectory triggered a flight to safety, hence boosting the haven demand. “   http://www.traderslaboratory.com/forums/topic/21621-hfmarkets-hfmcom-market-analysis-services/page/17/?tab=comments#comment-228522   I reacted, but didn’t take time to  respond then... will now --- HFBlogNews, I don’t know if you are simply aggregating the chosen narratives for the day or if it’s your own reporting... either way - “flight to safety”????  haven ?????  Re: “safety  - ”Those ‘solid rocks’ are getting so fragile a hit from a dandelion blowball might shatter them... like now nobody wants to buy longer term new issues at these rates...yet the financial media still follows the scripts... The imagery they pound day in and day out makes it look like the Fed knows what they’re doing to help ‘us’... They do know what they’re doing - but it certainly is not to help ‘us’... and it is not to ‘control’ inflation... And at some point in the not too distant future, the interest due will eat a huge portion of the ‘revenue’ Re: “haven” The defaults are coming ...  The US will not be the first to default... but it will certainly not be the very last to default !! ...Enough casual anti-white racism for the day  ... just sayin’
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