[brownsfan019]

3-25-09

Just took 2 ES trades today after I got myself settled in. Real work starts tomorrow.

[XDTrader]

Could only trade the morning session due to an obligation. After looking at the charts post market, I am fairly confident that had I traded the entire session I would have finished in the green, but there's always tomorrow.

BF, I am eager to follow your multi market approach.

[brownsfan019]

XD - me too.

It should be good to see how this works vs. focusing all on the bonds. Today was a good day in hindsight via this method, but I wasn't there mentally to get it all done. Should have, but didn't.

[Hlm]

Originally Posted by brownsfan019 »

So going forward on this account, the markets that will be watched and potential trades coming from will be:

Bonds - ZB, ZN, ZF
Indexes - ES, NQ, YM
Currencies - 6E, 6J, 6B

Sounds good BF. I am the same way...I trade the same setups in any highly liquid market. For a while now I have been trading both ES and NQ evenly because one usually sets up much nicer or at a different time than the other. Just recently I have been trading 6B intraday after hanging out with a friend who trades currency futures for a living. Some may argue that it's over trading, but I think it's quite the opposite. If your strategy is mechanical in nature and based around the natural ebb and flow of price action, trading multiple instruments allows you to take advantage of that intraday leverage without having to drop down into smaller time frames to accomplish the same result. You also have less days where you are stuck with little or nothing to trade. So in turn, if one is able to do it, it should decrease any over trading and increase the PnL.

[brownsfan019]

Originally Posted by Hlm »

Sounds good BF. I am the same way...I trade the same setups in any highly liquid market. For a while now I have been trading both ES and NQ evenly because one usually sets up much nicer or at a different time than the other. Just recently I have been trading 6B intraday after hanging out with a friend who trades currency futures for a living. Some may argue that it's over trading, but I think it's quite the opposite. If your strategy is mechanical in nature and based around the natural ebb and flow of price action, trading multiple instruments allows you to take advantage of that intraday leverage without having to drop down into smaller time frames to accomplish the same result. You also have less days where you are stuck with little or nothing to trade. So in turn, if one is able to do it, it should decrease any over trading and increase the PnL.

Well said sir.

I remember you mentioning it in the chat room one day that you'd like to take a few of your prime setups, but on multiple markets... that's what I'm going to focus on more here.

It's amazing how markets look if you look at a handful of them at a bigger view vs. watching every little tick of 1 market. If 1 particular market is stuck or flat like you said, oh well, just move on. But if you are only honing in on that 1 market, you have no other option.

Well, that's the idea at least.

[daedalus]

I feel like I got gang-raped by a pack of gorillas.

Nothing went right today... trades would be up +2-3 points, not give me a par signal, not give me an exit signal, and WHAM max loss.

I took a shitty first trade (for -150.00) and I should'nt have... but the rest just were consistently crappy. Trades that did work would get me to par and backfill against me to take me out before I could take profit.

It was just s**t like that all day. I called it quits early after reaching my pain tolerance for the day. I didn't trade badly, I held for what I needed to see, executed, was patient... just NOTHING WORKED.

[brownsfan019]

Part of trading - take the good w/ the bad.

[brownsfan019]

3-26-09




Good start to taking the multi-market, refined entry approach. Missed a few afternoon trades when my focus waned, so going to have to work on that.

Note - After a discussion w/ a trading friend I've decided to not include timestamps on the screenshots going forward. If you want to verify the prices, get your charts up and you'll see that price traded there at some point today. No point of providing an ambitious person the chance to reverse engineer my uber fantastic trading system.