BrianNC

Good points. I also forgot about that pesky little overnight margin thing.

Well, I don't know yet. I know the emotions are totally different with real money, as I have traded live before. Probably not, as I am going to start with a smaller account. I could definitely see myself doing it with a larger account. But I am in an experimenting stage right now too. So I will continue to set that trade before bed to see the results. Yesterday, as you can see from the post I made about my trades then, I still had 3 trades besides that one, two 1 pointers and a BE which is probably more like I will be trading to begin with. Smaller stops and smaller targets but with multiple contracts. To be honest, smaller targets with multiple contracts like you trade is really what suits my temperament. I'd rather take 1 pt. with 5 contracts than 5 pts. with 1 contract because I believe the odds are greater for a 1 pt. trade than a 5 pt. I would rather increase profit by adding contracts as opposed to trying to get more points out of a trade due to the emotions involved. That's one reason I set a trade and walk away. It keeps my emotions out of it and either it works or it doesn't. So anyway, I guess that's about an ambiguous answer as I can give you.

Sim Trading. 15 min. chart. Set trade before I went to bed as usual. Buy and sell stop at the breakout of the ellipses. If it broke to the upside my target was 1070, and to the downside the target was 1057.50 which was a prior area of support on the 60 min. chart. I was stopped out by 3 ticks. Still wouldn't have hit my downside target by the time of this screenshot though if I hadn't been stopped out.

Sim trading. Today's results. 4 trades, 3 winners, 1 BE.

I went there and read about the volume bars, etc., and it sounded interesting. Opened up a 1000 volume candle chart, and did a trade on volume action and got 1 pt. Beginners dumb luck.

Brownsfan, I can't remember how you trade. Are you price action/patterns only or do you use indicators?

You gave all that back due to a market order? Aye chihuahua.

Sim trading. 1 pt. within the square. You can also see previous 3 pt.trade for the day which I have already posted about. +4.

What kind of modification do you make to the chart to offset the new tick data?

Sim trading. 15 minute chart. Sold on break of consolidation (top red dashed line). This has actually become my favorite trade. The ES almost always consolidates in the evening, and trading that breakout for a few points. Target was bottom red dashed line. Had target set about a point above that. Sometimes it tends not to quite reach the support so I fudge it and set the target a little higher. Although it did go on to break support. Trade triggered at 11:50 last night and target hit at 9:33 this morning. 3 pts.

Who said anything about being able to sleep?

Sim trading. Late trade. 2 points.

Sim trading. 15 min. chart. Set trade before I went to bed. I had my sell stop for entry at the previous swing low, and stop at previous swing high shown by ellipses. Traded 2 contracts. First target around the 43 area at previous support, and second target around 40 at previous support. Used the 60min chart for targets. I was stopped out within 1 tick of the high for the day. If I had set my stop 2 ticks higher, I would actually still be in the trade, but still not have hit either target yet. Disregard 'target' on the left of the chart. That is from my trade yesterday.

I don't eat anything. Usually I set my trade up before I go to bed, and it is executed and over by time I get up most of the time. And unless I just see something obvious when I am checking out that trade, I don't trade again. Then I go back to the computer a few times a day just to check the charts and see if there are any obvious set ups. I spend very little time in front of the screen where trading is concerned. One of the benefits of trading off longer term charts, 15 and 60 min.

I would really like to do the P90X or Insanity. I have lost 60 lbs. over the past 7 months or so eating right, up to an hour a day of cardio (elliptical machine) and light workout of weights. I really would like to do a full body intense workout like those.

OK. Back to trading. Sim trading. In the first chart, you can see where I put my buy and sell stops early this morning somewhere around 1 or 2am, using the previous high and low (the ellipses) at the consolidation. I had a 10 point target in both direction based on an earlier swing low and high at the ellipses on the second chart (the middle ellipse is the consolidation) which is a 60 minute chart. Trade was triggered to the high side at 3:04 and 10 pt. target was hit at 9:47 this morning. I don't think I have ever made a successful trade like this with that large a target. It was about as satisfying a trade as I have ever done. Usually I am stopped out with that large a target because I use a small stop, but this time I used stops based on earlier S/R so I had larger stops. Entry and target hit are on the last chart. The ellipses to the left just showing the swing high and low of the consolidation where I had my buy and sell stops. Trade taken and managed off the 15 min. chart. Targets set based on 60 min. chart.

OK. Back to trading. Sim trading. In the first chart, you can see where I put my buy and sell stops early this morning somewhere around 1 or 2am, using the previous high and low at the ellipses of the consolidation. I had a 10 point target in both direction based on an earlier swing low and high at the ellipses on the second chart which is a 60 minute chart. Sorry, hit submit by accident. Going to start a new complete post.

What took you so long?

I think his point is, what makes them more credible than say Thalestrader, bathrobe, or Brownsfan here?

You appear to be saying that everyone here that posts and is successful is lying about their results. At least it certainly sounds like it. You are breakeven because you are honest but everybody else is lying because they say they are making money? You hare happy to demonstrate live because you are honest but nobody else will because they are dishonest? You seem to be contrasting your honesty with everyone else's 'dishonesty'. I can only assume you are doing this because since you aren't making money nobody else can be?

Sim trading. Decided to try for a higher profit target than my one point on the emini sp due to thalestrader asking me why I only went for one point, as I know he goes for larger profit targets, and that was the reason for asking me the question. The chart is a 1 hour chart so I can see the overall picture. The ellipse at the first dashed red line is the consolidation right around a previous low back on 9/14 which is an area of support. So before I went to bed I put in a sell stop 1023.25, two ticks below the current low at the time of 1023.25. Profit target was the next major support from 9/9 seen at the second red dashed line at about 1015. I actually had a 5 pt profit target set in NinjaTrader for when the trade triggered. Got up this morning, looked at the chart, and immediately thought the trade worked out great, profit target hit. Only problem was I had a random 10 tick stop and the trade went 15 ticks against me and stopped me out before it turned around and hit what was my profit target. So I had the trade called right, but didn't have enough room in my stop. My stop is arbitrary. I even thought about putting it above a previous swing high, but I believe it would have been about a 5 pt stop which I wasn't comfortable with, but in hindsight would have kept me in the trade until my profit target was reached. With the 2.5 pt stop I have a ratio of 2/1 of win to loss. If I had put in a 5 pt stop, that loss ratio would have been greater than the win. Comments are appreciated.

I have a hard time coming up with extended targets. And then when I do go for an extended target, sometimes I get it, but then other times because it didn't hit the target, I end up giving all the profits back, when I could have had at least 1 pt. So I guess there is some fear of loss of gained profit. Using s/r for entries as I have seen you do, and really learning that part from you, I have picked some great entries, got my 1 pt, and seen the target move much further in my favor after I take my 1 pt. Especially the last couple of days. I was in the beginning of that drop yesterday almost right at the top, but only got 1 pt out of it. Same for that trade today. I took my 1 pt, but the move ended up being at least 5 pts.

Sim trading. Here are two trades, one from this morning about 3am and one at the open. Just looking for 1 pt on each trade. Target hit on both. My goal is to take my point or two out of the market and increase profit by the number of contracts traded.

You make that on the drop from the news at 10? I had a buy and sell stop in at 10 (forget to check if news was coming out) and only had my target set for 1 point and when the news came out I got filled and hit my target in about a quarter of a second.

I will say this about trading S/R. I LOVE being able to set my stops to get in the trade and be able to walk away instead of having to stare at a chart all the time. I set a buy and sell stop before I went to church tonight, and when I got back it had hit the sell stop, executed the trade and my ATM strategy in NT got me out with the 2 points I look for. Another thing, trading off the 15 minute chart, I just go look at it throughout the day, and if I see a setup, I place my stops and walk away. I love trading off the big picture. Of course it is still just sim trading, but starting to trade S/R instead of indicators has taken a lot of the tension, stress, pressure and whatever else I had been experiencing when sim trading or thinking about going live.