[XDTrader]

Good day overall for this strategy. Was one heck of a boring day however. I'll take it over a losing day though

[XDTrader]

Originally Posted by bathrobe »

3/30 Did not get any setups I felt comfortably with until very end of day.

Great job at maintaining your discipline. It can be tough staring at the market all day with no activity.

[brownsfan019]

3-30-09




Not much triggering on my end, but not a bad day in terms of net.

[daedalus]

dayum nice job BF!

No action in the ES today... Fixed my issues I had on Thursday and i'm moving forward.

NQ gave some decent action, and I didn't capture all of the moves but I think I took appropriate exits considering what price action was doing when I got out.



Growth is growth and i'll take it. Traded every signal that came along today and I traded them 110% correctly from beginning to end. Pleased with the outcome.

[brownsfan019]

Little update: one nice thing about zero'ing in on your prime signals and knowing they don't show that much per market is the ability to take the trade on multiple markets as I mentioned previously. Today I pulled a chart of wheat and gold, so I'm going to watch those and might tip my toes in to see. Also thinking about using the CL chart to trade the QM (oil) since the volume on the QM is pretty low but much lower margins, I can use the higher volume chart of the CL to get a trade on the QM. We'll see - that part is a work in progress - but will be watching wheat and gold as well in case you happen to see some odd ticker symbols.

I'm very pleased with where this is going and I see now why some traders trade this way - find your prime setup(s) and then find the markets they appear on and trade there VS. staring at 1 market every day. I don't know why it's taken this long for the light bulb to go off, but better late than never.



My only real restriction is figuring out the best way to monitor all possible markets. Currently I'm only focusing on futures as that's what I know, but this can easily be scalable into stocks if I wanted to go there. At that point I would require programming that can be done into tradestation for stocks that meet my criteria but that idea is in the back of my head. Consideration has been given to starting a fund or something similar using only my prime setup here, but over many, many markets. I haven't directly looked at FX, although I am watching and trading 3 currency futures.

And all the while working this on the same account which initially started at $10k. With that said, I don't recommend anyone new to trading take $10k and pull up 10+ futures charts and see where something might stick. I've gotten to this point after years and years of screen time and hard work to see that what might work better for me is to focus on 1 great setup over multiple markets.

[bathrobe]

Great post, I am going to add the euro (6E) to what I am currently watching, es and ZB. In hope of finding more opportunities when I find them.

[XDTrader]

Be cautious with these instruments until you watch them for a while. They move fast and furious at times with exceptionally large wide range bars.

[daedalus]

Not much opportunity today or huge big trades but I took what was available and i'm content with the outcome. I've really been focused on eliminating (or reducing) the drawdowns as much as possible and waiting for very specific entry criteria. Its not so much about how much you make each day as much as it is how much you give back in my book.

Make enough on average each day and just add size and live your life. I'd be more than content with a 10 lot on this profit today and yesterday. A lot of newbies (myself included) think the key to making money is making at least 10 pts a day or something, when in reality its much better to make 2 pts and add 5 lots. Max # of points each day is a fallacy in my mind that traps traders into overtrading and focusing on always trying to get more.