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Beth's Journey to Make Her Millions


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Beth's Journey to Make Her Millions

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  #1311 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
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I highlighted the Long I waited "forever" as both 6E and DX stalled there. Well, it did work out if I consider a post-noon trade. No worries .. I've become a more patient trader now .. haha ..

See see I only have 5 indicators incl 1 osc indie on Panel 2. My trading friend has sharper eyes and only needs 3. He does not need the Price labels and divergence indies LOL. You know me ..

Note: Not counting the Econ News and Range projection ones .. okay?!!

Beth (Hey, the painkiller worked .. only 10% left .. Now I wonder what I just took .. so fast ..)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1312 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
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Just noticed some changes on the Chatbox, ie with G for General Channel and CL/ES/EU etc. Any ideas on how they function? Thank you.

Beth (a little nosy .. )

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1313 (permalink)
 
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 Big Mike 
Manta, Ecuador
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wgreenie View Post
Just noticed some changes on the Chatbox, ie with G for General Channel and CL/ES/EU etc. Any ideas on how they function? Thank you.

Beth (a little nosy .. )



Just used as rooms, but people tend to ignore them and chat where they want.

Mike

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  #1314 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
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If you like me .. a little confused on how to draw trend lines .. You may want to visit the Downloads section for the subject indie .. both NT 6.5 and NT 7 are available. Enjoy!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1315 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
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Mid-week update .. smile ..

Mon - Encountered some technical/hub issues. No trade.

Tue - Missed 3 good signals. No trade.

Wed - 2 live trades, ie 1 BE and 1 +2 (per enclosed). Did miss 2 before taking action.

I'm glad that I took 2 trades this morning considering my turtle progress since starting the 10-trade assignment. Did try to catch a third one which did not mature. Well, more good signals waiting for me tomorrow LOL!

More on today's trades:

1. Both were valid signals and I did double-check with my checklist before entry.

2. First one went up only 1 pip and did not look promising. I bailed at BE.

3. Second one got stucked at 1.3227. Either it broke or went the oppostive direction I thought. I exited at +2 .. then it broke down without me. I adjusted my PT to 8 .. which was a few pips above the most recent LL .. could be hit IF I did not exit. Well, I am quite happy with my trade management.

Post-trade review for the second trade: If I am willing to risk 3 pips (1 pip above the bar before my entry bar), I may choose to stay in the trade and let it play out. The trade did not go against me much .. price simply stalled there.

Emotion/Fear Indicator:

Not very scared when I was in a trade. My heart did race a little before taking more deep breaths. Then focussed on managing it.

Let's see what happen for the next two days .. 4 more to go ..

Happy & Successful Ticks/Pips!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1316 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
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Trading: 6E
Posts: 1,778 since Dec 2009
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What did I mean when I said "I missed"?

Well, I believe you can guess the right answer. Just a reminder for myself .. I missed meaning I saw a signal (meeting my entry requirements) and I was reluctant .. thinking too much .. when I finally tried to place an order (for some of them), it's already too late .. ..

Good news: I did not place a sim trade as most of them worked. I ended up regretting more .. So, either live or SOH unless I am testing out something .. haha .. I don't want to fool myself with great sim trade performance. Either take it or leave it. I really believe only more live trade experience will help me at this stage.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1317 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
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Posts: 1,778 since Dec 2009
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Patiently waiting until 11:30 am and hopefully another signal shows up ..

Did a quick short .. it went against my trade instantly .. got out +2 .. then it hit my PT LOL! Well, no regret because it's a green one .. haha ..

Then DT .. another Short within seconds for me? I passed and it certainly worked as well. Now you can tell it's going nowhere. Let's see if I may pick up another one before closing the morning.

Happy & Successful Trading!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1318 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
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Trading: 6E
Posts: 1,778 since Dec 2009
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Well, only had one good signal so far, ie when we had a LH .. I placed an order (1-2 pip extra cushion from the official entry) and did not get filled .. sigh ..

Price movement has been extremely slow so far .. maybe it's the contract switchover + Federal Budget Balance news in the afternoon + it's Friday!! Let's see if I may spot one before 11:30 am LOL!

A quick reminder for myself: I did more trades when I was on sim .. actually more willing to follow the entry rule .. not striving for an extra 1-2 pip cushion. Doing real ones .. I have been more aggressive in entering at a better rate. As a result I missed most or almost all!

Good news: Instead of just spotting signals and being very reluctant to place an order .. then regretted .. I started placing more orders this week .. even they're not filled. To me, I am getting better .. at least my fingers are exercising more .. smile ..

The next step will be: Place an order according to the entry rule .. or just 1 pip cushion and not 2 unless the market gives it to me .. Sooo, I will work on this .....

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1319 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
Thanks Given: 1,258
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I walked through my entry requirements in my former post and not sure if I cover my exit rules .. very important IMHO. Trade management has been very discretionary and I am watching out for the following (warning to exit early) when I am in a trade:

1. Price gets stalled and not moving after entry

2. It goes against the trade instantly .. usually not a good sign

3. When the OB/OS indicator goes too fast and price only moves 1-3 pips

4. DX does not align with my trade direction anymore

5. When it's getting very close to the US market open and/or high-priority news

Please be advised that it's my every intention to complete the remaining trades before Christmas. I was thinking I might be able to do at least 1-2 this morning .. unfortunately NIL .. sigh .. Well, I will be patiently waiting for some good ones next week. I am going to do my very best to tame my psyche!

Enjoy a Lovely weekend everyone!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1320 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
Thanks Given: 1,258
Thanks Received: 1,203


When price is going nowhere, No trade for me!! I used to fool myself that it might still work out .. certainly not now that I am a little bit more informed/educated.

My Number 1 Investment Mistake: Not educated enough to be an informed investor!

Will be back next week. Take care and stay warm!

Beth (It's been snowing almost everyday this week.)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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Last Updated on May 21, 2011


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