I love the greenback...2008
- Thread starter indahook
- Start date
Came in real late..didnt get the OEC platform open until 2pmEST. Was busy trading stocks, plus everytime I started OEC this AM it was crashing my REDI+ front end. Not good..will most likely be trading on a seperate laptop when I go live...speaking of...
.. it is official. I will have my futures deposit ready for a wire on April 22nd. Should be trading live by the 28th. Its been a good run simming...hopefully I can keep it up.
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Today...came in late as I said earlier. Noticed a nice intraday downtrend and rode it a bit. 3 turns...$198.70NET...ok for 75minutes work I guess. Done for day.
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.. it is official. I will have my futures deposit ready for a wire on April 22nd. Should be trading live by the 28th. Its been a good run simming...hopefully I can keep it up.
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Today...came in late as I said earlier. Noticed a nice intraday downtrend and rode it a bit. 3 turns...$198.70NET...ok for 75minutes work I guess. Done for day.
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10 turns..466.50 net
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Weekly UUP vs commodity complex ETN`s.
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Weekly UUP vs the World Currency ETF`s
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Weekly UUP vs commodity complex ETN`s.
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Weekly UUP vs the World Currency ETF`s
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Just to let anybody know who is actually following this journal. I havent traded since Wednesday. My windows 2000 OS is on the fritz. I cant run the OEC platform or REDI+ (which is my real money maker)... my pc keeps turning off after a few minutes of use. I will most likely be out of commision for a few more days. I did manage to get OCO orders in on the 9th before the melt down which made me about 700 net.
So, here is my running graph from day one..NET numbers.
Good trading to you all!
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So, here is my running graph from day one..NET numbers.
Good trading to you all!
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Started demoing Jan16th. Will be going live by next Monday the 21st. 3 months is a good warmup I think.
Made some funny money today..tried to close out but the platform wont let me sell 2 cars. Strange. So I took the snapshot where I wanted to get flat.
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Made some funny money today..tried to close out but the platform wont let me sell 2 cars. Strange. So I took the snapshot where I wanted to get flat.
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Thank you. I will only be daytrading the ES. I dont know if anybody really got my inside joke. The "I love the greenback" is a slight play on words. Yes, I think the USD has been overdone and is a multi year long for me(slightly underwater right now). But, I LOVE MAKING MONEY, much more than being right.
Hi all. I have not ditched this journal. But the last week has been a shitshow. 2 PC`s 
ne hard drive went belly up, one has a bad mother board. So I have not traded actively in about 6 days. Today I am on a borrowed machine and I am trying to get back in the swing by throwing some sim trades out there...but getting whipped around like a bitch. 3 losers so far(-375.00)....one open short from 1384.50.
But the good news is my OEC account is funded with 10 little ones. So as I promised you can watch me sink or swim. However since I have been inactive I will be trading for the rest of the week on the sim to get back in the swing of it. I feel so out of touch with the price action that it would be irresponsible to trade straight away.
So I will put myself out here with real money. Make or break.
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Time frame - daily for candlestick reference...one week of 5 minutes for trend and major lines or S&R. And closer view of a 5 minute for actual execution. Mostly intraday...but I am not opposed to holding overnight as long as OCO stops are in place.
My rules :
Entry - I am 100% discretionary which leaves me open for many entry possibilities. Almost too many. I employ trendlines, consolidation/continuation patterns and sentiment. So the only real entry rule I have is when I identify a possible trade I place a stop order right outside the prospective turning point... i.e If I see a consolidation pattern I bracket the top with a buy stop (BS) and the bottom with a sell stop (SS)....in other words I let them come to me
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Management - "set it and forget it" I do my best to take a 1 -3 risk reward. Lately after I enter I send OCO orders at 3 pnts stop and 9-10 pnts target. But with volty compressing into the summer that may change. 10 points may be looking for too much. I will most likely end up checking the 10 day ATR and look to take 1/3 of that as a target. But will keep the 3 pnt stop. So right now(at a 10 day ATR 21pnts) of that would be 3 pnt loss/7 pnt win(2.33 RR). Not as high a R/R as I want but I feel that less than a 3 pnt stop is subject to massive whipsawing.
Daily trading loss limit - -4.5% of total equity(3 losers in a row at 3 pnts to start with)
Disaster stop/close account - 50% drawdown from peak equity
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Reversing position - Only if the stop order entry failed to prove the breakout direction THEN breaks the other way. If not then look for a fresh signal.
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No trading - Pre-mkt,expiration days, fed meetings or minutes released, just prior to major numbers..housing starts..etc. Let them come out ,settle and move before trading. Other reasons will pop up like "last few days have had wide ranges..sit back and let the suckers trade the consolidation"
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Never - add to losers, take trades based on other peoples opinions, trade more than one car until equity has grown to 30k
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Sorry for the caveman drawings.
I enjoy doing this. And when the real trades start coming through next week I will be posting screen shots of my blotter end of day and charts with notes as to why I took the trades..etc.
I will post everyday...if I dont you can assume I kept adding to a loser until I blew the fuck up....bwbwbwbababababaaaaaabooom
The reason I am doing this is because it is like streaking across Yankee stadium without the nudity.
ne hard drive went belly up, one has a bad mother board. So I have not traded actively in about 6 days. Today I am on a borrowed machine and I am trying to get back in the swing by throwing some sim trades out there...but getting whipped around like a bitch. 3 losers so far(-375.00)....one open short from 1384.50.But the good news is my OEC account is funded with 10 little ones. So as I promised you can watch me sink or swim. However since I have been inactive I will be trading for the rest of the week on the sim to get back in the swing of it. I feel so out of touch with the price action that it would be irresponsible to trade straight away.
So I will put myself out here with real money. Make or break.
----------------------------------------------------------------------------
Time frame - daily for candlestick reference...one week of 5 minutes for trend and major lines or S&R. And closer view of a 5 minute for actual execution. Mostly intraday...but I am not opposed to holding overnight as long as OCO stops are in place.
My rules :
Entry - I am 100% discretionary which leaves me open for many entry possibilities. Almost too many. I employ trendlines, consolidation/continuation patterns and sentiment. So the only real entry rule I have is when I identify a possible trade I place a stop order right outside the prospective turning point... i.e If I see a consolidation pattern I bracket the top with a buy stop (BS) and the bottom with a sell stop (SS)....in other words I let them come to me
----------------------------------------------------------------------------
Management - "set it and forget it" I do my best to take a 1 -3 risk reward. Lately after I enter I send OCO orders at 3 pnts stop and 9-10 pnts target. But with volty compressing into the summer that may change. 10 points may be looking for too much. I will most likely end up checking the 10 day ATR and look to take 1/3 of that as a target. But will keep the 3 pnt stop. So right now(at a 10 day ATR 21pnts) of that would be 3 pnt loss/7 pnt win(2.33 RR). Not as high a R/R as I want but I feel that less than a 3 pnt stop is subject to massive whipsawing.
Daily trading loss limit - -4.5% of total equity(3 losers in a row at 3 pnts to start with)
Disaster stop/close account - 50% drawdown from peak equity
----------------------------------------------------------------------------
Reversing position - Only if the stop order entry failed to prove the breakout direction THEN breaks the other way. If not then look for a fresh signal.
--------------------------------------------------------------------------------
No trading - Pre-mkt,expiration days, fed meetings or minutes released, just prior to major numbers..housing starts..etc. Let them come out ,settle and move before trading. Other reasons will pop up like "last few days have had wide ranges..sit back and let the suckers trade the consolidation"
----------------------------------------------------------------------
Never - add to losers, take trades based on other peoples opinions, trade more than one car until equity has grown to 30k
------------------------------------------------------------------------
Sorry for the caveman drawings.
I enjoy doing this. And when the real trades start coming through next week I will be posting screen shots of my blotter end of day and charts with notes as to why I took the trades..etc.
I will post everyday...if I dont you can assume I kept adding to a loser until I blew the fuck up....bwbwbwbababababaaaaaabooom
The reason I am doing this is because it is like streaking across Yankee stadium without the nudity.
