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The 300K isn't the easiest combine.
You need to 13x just to get paid the first payout.
(27500/7500)^2
I tried the 25K when it was at 15$ not long ago,
It's the easiest combine as you only need to 4x to get paid the first payout.
(3000/1500)^2
What's cool with ATF is you can copy trade multiple accounts,
I think it's better to trade 20 x 25K Full accounts.
Especially if you can get them for 1/10th
+ They have some weird withdrawals rules
The 25K sounds better than the 300K withdrawals wise.
That being said ...
Trade what you see !
1. Keep losses minimal
2. Squeeze the maximum reward
3. Trade the easy, high probability, money !
a friend would use each bounce off EMA as an opportunity to scalp 3 ticks .. you can read about the strategy on the internet .. EMA-21 / EMA-55 strategy
marked up your chart with ideas where he may have taken trade ..
Strategy
.. you don't have to be the first one at the party .. just be part of the party ..
@mewddsltd oh I didn't know about the 21/55 ema strat ... interesting. How was your chart today? Please feel free to post if you want... I enjoy looking at them, hopefully you had a good day this morning.
@Voyage thank you! I agree, good luck to you as well! I have a hard time digesting the dom when it comes to /mes, options I can do so somewhat.... any tips/config settings for dom?
@Nasdaq1517 yeah that sucks! Its true, we all fight against our inner demons it feels like. I'm following your journey, keep at it! Good luck!
I reset my accounts last night. I didn't setup GTA, so today I did dca today, went over my max position size. I was able to get out quickly for a small profit instead of holding them to carry me out of eval phase, like before. I quickly shut down everything reboot and reconfigured my settings for the new eval. MAX SIZE: 3 , MAX DAILY LOSS: $150. I need to do this the right way!
4 wins - 2 losses :
Trade 1: loss - short - I thought price would continue down. 1) ignored resistance line already drawn on the chart 2) stoch was oversold hovering around 30. I should of waited for confirmation it would dip. The better play was to see if there was a bounce, and see if the fall would happen after the bounce for a better short entry.
Trade 2: win - long - this was more of a reaction of the previous play. I fomo into long. It worked out but, I also got out fast. I didn't have plan
Trade 3: win - long - DCA - this was a terrible trade, I had to dca a lot, just to get out small. I should of taken the loss. This is something I need work on. Well settings are now in place, so I just need to be aware and focus on the next trade. Some days I'm great at taking losses, other days I'm not. I need to figure out how to do it everyday.
Trade 4: win - long - saw bull flag, saw ema cross, saw price trending upwards went long. easy play, best one of the day. I got stopped out early, but I'm happy.
a friend trades NQ so I took a look at it .. another friend uses trend lines .. so I took a look at both of these
think I am happy with the indicators I modified and my scalping strategy .. for simplicity and accuracy .. I added the NTSVe pivots (after I corrected the formula for R3/S3) .. interesting how the price went from R1M (overnight) to S1M .. but that was today and probably can not count on that behavior tomorrow ..
trading is like driving the freeway .. tomorrow's traffic will be similar but different than today's traffic .. have to be prepared for whatever traffic comes your way .. and protect yourself in the process ..
23 05 15.fw
.. you don't have to be the first one at the party .. just be part of the party ..
at the bottom of this chart is an interesting indicator .. it shows the amount of time it takes for a RENKO bar to develop .. or the price to move 8 ticks in a particular direction ..
from the zero line .. the horizontal lines are 60 seconds .. 180 seconds .. 600 seconds ..
the gold vertical band is 06:30 AM - 0815AM AZ time ( EDT - 3 hours) .. which I consider the opening session .. so it should coincide with NYSE opening till late morning .. about 10:15 AM EDT
price moves rather quickly during this time .. most of the bars close in less than 180 seconds (3 minutes) .. but after the time delineated by the gold band the average time starts taking much longer .. (as shown by the gold line) .. the amount of time for many of the bars exceeds the range of the indicator .. or more than 10 minutes ..
the specifics of today may be a bit unusual .. but not that much .. price moves much quicker during the overlap of the European market closing and the US Market opening ..
23 05 15 ES Bar Times
.. you don't have to be the first one at the party .. just be part of the party ..
today's charts .. traded MNQ and MES while looking for ways to improve results .. today's results 30 ticks MES .. 32 ticks MNQ .. $92 profit (gross) .. trading 2 micro contracts
1) don't trade the first RENKO bar of the opening session .. maybe don't trade till 15 minutes after opening
2) check SPY to see how much gap from the futures opening (AZ afternoon) to the EURO opening (early AZ morning) .. this gap usually will need to be filled .. this sets up a trade with a high percentage likelihood of success
23 05 16.fw
.. you don't have to be the first one at the party .. just be part of the party ..
I went 2 of 2 today, so I'm going to chill now. I locked everything, no more going back in and fucking myself over by tilting. I decide to drop my tick chart, I only trade /mes so sticking it out with renko.
2nd trade : dropped fast to my s/l. I didn't leave it at b/e, maybe I shouldn't of moved it, Oh well.
