Micro E-mini Madness (2% per day)
- Thread starter sstheo
- Start date
Oh, you will see some, don't you fret! LOL
small ones I hope
main thing is to try and be net positive each day..once that is achieved it should become easier to improve on performance
My NQ big chart looks like this.
I plot the volume profile and floor pivots. I watch the cumulative delta (blue)
Because we are ABOVE yesterdays Value Area, I have a long bias right now, and am thinking we target yesterday's high if not R2.
If we get back into the VA, then I will expect to drop to the VAL, if not S1 or lower.
I plot the volume profile and floor pivots. I watch the cumulative delta (blue)
Because we are ABOVE yesterdays Value Area, I have a long bias right now, and am thinking we target yesterday's high if not R2.
If we get back into the VA, then I will expect to drop to the VAL, if not S1 or lower.
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My medium chart looks like this.
15 tick range bars with the delta function turned on. So green means buying aggression, red means selling aggression, and gray is balanced. The yellow dot is the point of control (highest volume tick) within each candle.
I have a stop & reverse indicator that just reminds me of the support and resistance levels.
Regular volume is at the bottom, with an average value line. If volume is really strong, then I will often look for a reversal in the next few candles.
15 tick range bars with the delta function turned on. So green means buying aggression, red means selling aggression, and gray is balanced. The yellow dot is the point of control (highest volume tick) within each candle.
I have a stop & reverse indicator that just reminds me of the support and resistance levels.
Regular volume is at the bottom, with an average value line. If volume is really strong, then I will often look for a reversal in the next few candles.
not sure if it is sim or papertrading..but if sim account is not linked to live Globex data then it is useless.. papertrading account is
nothing wrong with papertrading once it is taken seriously..it is exactly the same apart from place in que..so if you enter one tick above or belowe you have realistic fill
the purpose is not to "show off"..or make oneself fell better..the purpose is to test and refine strategies so that consistent daily profit can be achieved
my opinion if course..I am sure the Op can speak for himself!
nothing wrong with papertrading once it is taken seriously..it is exactly the same apart from place in que..so if you enter one tick above or belowe you have realistic fill
the purpose is not to "show off"..or make oneself fell better..the purpose is to test and refine strategies so that consistent daily profit can be achieved
my opinion if course..I am sure the Op can speak for himself!
I also said "full transparency," so here we go: my live account is not ready yet. I was about to fund it and one of my real estate deals got cancelled and another extended. I should be live next week.
Because someone said they would leave my thread if I didn't hurry up and post some trades, I went ahead and posted charts from the trading I am currently doing with the E-mini's. I am actually on an evaluation with one of the popular funding companies for a $150k account. It is Rithmic data and the results are counted as if they were real in my quest to become funded within their profit and risk parameters. I spent money to get the evaluation, and so to me it is real trading with real consequences for both good and bad trades. Hopefully I will be live with that E-mini account in a couple weeks.
I am certainly promoting the Micros here, and I went so far as to say that newbie traders should use them instead of funding companies. Lest you think me hypocritical, I am not a newbie. But when I was, I really would have preferred the micros.
But this journal is about the Micro E-minis. So I don't want the topic to get overshadowed by anything I am doing with the regular E-minis. Fortunately, the charts are almost identical, which is why you are seeing me post any at all. If you have questions about anything I am doing with the funding company or the E-mini's, please message me privately.
Indeed I am not trying to elevate myself. I am merely an "above average" trader at this point. I want to show what I think it possible starting with a small balance. I am not trying to find new strategies, but merely adapt the Micro trades to my style in such a way that the trading is consistently profitable. For example, in the charts above, I already showed how my normal scalps just won't cut it because there are not enough ticks (not to mention slippage). So this journal has already be helpful to me in refining my "Micro Method."
Hmm...
1) I thought this was going to be a micro journal on a $1000 account?
2) Why are you looking at $150,000 "funding companies"? You mean a prop deal?
From your first post...
Do not confuse the two. You MUST start trading the micros with real money live in the $1K account, which is what I believe you set out to do in this journal. Don't get sidetracked.