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daily chart showing stop in place 1 tick below yesterday low on MES trade. risk is about $110 with commishes

it appears that MES found some support at short term 61.8 fib. exit is dynamic but a close above the magenta EMA(8) would be nice.

'til tomorrow time to do up some blackened talapia for dinner with the missus.

i'm not, i just don't want to carry it so i can trade my 10 max on MNQ tomorrow. playing it safe when i get to the 25k plateau or beyond with separate account it'll be different story but until then this is how i'm doing it. again, not THEE way but just how i'm doing it. bottom line, this is...

ok, so now it's 3 MES contracts long after close and re-enter @ 5:00 p.m. cst. note the gap (globex / extended trading hours). of course can always go lower to other support areas (fib, MA's, or S/R) but hey, i'm thinking there's a chance it'll fill that gap and i'm doing it for cheap. if it...

i don't know which is which. no crystal ball but more days are range (particularly in the morning) than not. i don't try to get everything, just some of it. i will build position until it works or it doesn't. usually there is a point of failure (where i'm wrong) such as support or resistance...

i meant to comment on this earlier but forgot to mention that the whole "plateau" concept is not of my making but rather something i picked up a long time ago from a John Carter video if my memory serves me right. anyway, credit where credit's due.

back the the swing trade on MES micro. i have NinjaTrader set to exit/flatten EVERYTHING just prior to the 3:15 p.m. cst close. this will side-step margin on a small account so-to-speak. the caveat is that if you're going to continue with the trade, you'll need to re-enter it at the 5:00 p.m...

subject: lot size as i posted previously, i had a terrible drawdown the other day and posted about it. since then i went back to square one on lot size and have capped my max position size to 10 micro contracts and am focusing on the 5m chart while still monitoring the longer time-frame charts...

a few folks have posted about entries, exits, indicators, settings, etc., so here is a screen shot of my 5m chart. what you're seeing is 20(cyan), 50(gold), and 200(pink) EMA's, floor pivots (S1,2,3,PP,R1,2,3) and prior day hi/lo (orange dash not shown). the yellow arrows and carrots are...

ok, a couple things. i'm not going to be "day-trading" much this week as we have contractors doing work around the place and i'm directing a lot of the work. today was net $1,465 and i made some slight but effective adjustments to methodology. additionally, i entered a long position on qty 1...

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Dallas - Fort Worth area

They were one of several on the NinjaBrokerage list when i purchased lifetime license. The sales rep mentioned that they were soon going to have ACH service so that was the main reason i guess if I had to pick one.

actually did a little better yesterday than NT was reporting. me thinks the extra $100 was from small trade at market open 5pm Thursday.

great journal you have going. stay the course and do your own thing. it's important to find your own way and it looks like you have! well done sir one time i was probably whining to a trading buddy of mine and replied, "it doesn't matter WHAT the market does, it only matters what YOU do."

I may take the week off but not for those reasons. I use to avoid those things like the plague (pun intended) but have actually done quite well trading major chaotic events. Hey, somebody's gotta do it! My wife and I have taken some trips and also have more on the way plus we are celebrating...

hmmm, I think there's a question in here. oh, there it is! post a trading plan? well actually no, I don't really have one as this is basically an experiment and possibly a way to pay for a trip or a kitchen remodel in addition to funding other investment ideas. i actually don't want to be...

Most of the time yes. I am usually eyeing several possible areas of support or resistance for potential entries and exits. These can be patterns or trend lines along with major (i.e. common) moving averages (on multiple time frames) and Fib retracements. There has to be confluence between...