Here is the way i daytrade the Emini-YM

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Old Oct 31, 2008, 12:07pm   #121
 
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Hi Bnaimy,

Could you maybe tell me an approximate success rate....
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Old Oct 31, 2008, 12:42pm   #122
 
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Originally Posted by bnaimy View Post
You can use these methods anything, no need for any changes.


CFDs contract for differense. Welcome to CMC Markets one of the brokers.you can trade enything in the world with them 24 hr. YOU can trade futures commition free. thay make money on a bid -ask spread.
Thankd for the information buddy, i will take a look at this, looks very interesting.

WIth kind regards
Bashir Naimy
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Old Oct 31, 2008, 12:44pm   #123
 
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Originally Posted by STRTRADA View Post
Hi Bnaimy,

Could you maybe tell me an approximate success rate....
My approximate success rate is around, and i know it sounds like alot but its the truth,
its around 85-90%. i hardly get stopped out, sometimes its just a marginal trade and u get out with a few ticks, since u are always with the stochastics on most timeframes.So even if u make a mistake, marked will give you a change to get you without getting hurt.

Withregards
Bashir NAimy
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Old Oct 31, 2008, 12:50pm   #124
 
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Thankd for the information buddy, i will take a look at this, looks very interesting.

WIth kind regards
Bashir Naimy
Had a look at it and i must say it sounds very interesting, but for a new traders its a potential deadtrap, the margin is low and anyone with no disipline could blow out their account in no time

But thanks again for the info, i might open an account in the future with them.

WIth regards
Bashir Namiy
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Old Nov 1, 2008, 1:02am   #125
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Quote:
Originally Posted by bnaimy View Post

Had a look at it and i must say it sounds very interesting, but for a new traders its a potential deadtrap, the margin is low and anyone with no disipline could blow out their account in no time

But thanks again for the info, i might open an account in the future with them.

WIth regards
Bashir Namiy
You welcome body . How is you TRADING IN ZONE ? . Is trading 3 contracts idea from this book? I think it one of the best books on trading. You only violated one rule 3:1 ROE. You risking 30 to get 75.. ,but as long as its working its OK.
Happy trading.
Vit
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Old Nov 1, 2008, 4:47am   #126
 
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Originally Posted by bnaimy View Post

You welcome body . How is you TRADING IN ZONE ? . Is trading 3 contracts idea from this book? I think it one of the best books on trading. You only violated one rule 3:1 ROE. You risking 30 to get 75.. ,but as long as its working its OK.
Happy trading.
Vit
Hi vit, i have read the book trading in the zone, the book is telling people the most obivouse things and i dont see the value in that.

Its pretty much tells things that most people i presume would know, its just basics.
That book is only good for someone who its really struggling and having problems with his or her disipline,its a good read to remind people what mind set to have though.


The 3 contracts is not something i have been inspired from the book, its just something that made sense to me when i was thinking of programing in my profit targets and what benefits i would have from it. How many contracts all depends on your account size,3 contracts have some obviouse benefits like trailing the last and get higher gains and take quick profits on the 2 first,but that can also be done with 2, sell 1 and trail last.


I dont understand where you get the risk 30 and get 75 from?
I think you mean risk 75 and get 30, but even that number is not right, i have not stated anywhere in this thread that i am risking 75 to get 30, please clearify?

With kind regards
Bashir Naimy
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Old Nov 1, 2008, 9:55am   #127
 
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Bashir
Thank you again for your generosity.

I have subscribed to Sierra with their Barchart data feed and am trying to get my head around their charting soft ware.....very complicated...but getting there slowly. I tried trading for the first time yesterday. Rather than use a broker at the moment I am using Tradefair (a spread platform) a bit like CMC where i can start with a small account and small stakes and trial this business
It went well but I lost all my gains on one trade. Basically when i took the trade dd nt adhere to the rules. Could have kicked myself.
Was also aware of constant pressure to put on a trade. So beginner impatience rather than wait for the right moment
I am interested in what you mean by
a)low margins on CMC spreads.
b)how you identify support /resistance and on what chart.
c) how you place pivots using Sierra
d) Oh and what is the difference between a 1 minute and a 144 tick chart . I cantget tick data on Sierra at the moment......something wrong with their feed!

Once again thanks and immensely useful for us beginners.

Shay
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Old Nov 1, 2008, 2:36pm   #128
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[QUOTE=bnaimy;552790]
Quote:
Originally Posted by vit007 View Post

Hi vit, i have read the book trading in the zone, the book is telling people the most obivouse things and i dont see the value in that.

Its pretty much tells things that most people i presume would know, its just basics.
That book is only good for someone who its really struggling and having problems with his or her disipline,its a good read to remind people what mind set to have though.


The 3 contracts is not something i have been inspired from the book, its just something that made sense to me when i was thinking of programing in my profit targets and what benefits i would have from it. How many contracts all depends on your account size,3 contracts have some obviouse benefits like trailing the last and get higher gains and take quick profits on the 2 first,but that can also be done with 2, sell 1 and trail last.


I dont understand where you get the risk 30 and get 75 from?
I think you mean risk 75 and get 30, but even that number is not right, i have not stated anywhere in this thread that i am risking 75 to get 30, please clearify?

With kind regards
Bashir Naimy
Sorry I miscalculated Your stop loss 30 points Times 3 =90 sell first 2 for 15 =30 and sell last one for 45 total 75. so you are risking 90 to get 75.? Risking 450$ to get 375$
Sorry if Im wrong
What do you think about this one Insane Money Futures Trading Rules
Vit

Last edited by vit007; Nov 1, 2008 at 4:01pm.
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Old Nov 1, 2008, 3:53pm   #129
 
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3rd version of the trading system

Dear bnaimy,

I am eagerly waiting for your 3rd revision of the trading system.
Due to internet connection problem I am not able to view your video in U Tube.
Can u upload the same to some file sharing site so that we can download the same and keep a copy for future use also.

Thank u

with regards

Pulimath
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Old Nov 1, 2008, 4:23pm   #130
 
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bnaimy started this thread [QUOTE=vit007;553066]
Quote:
Originally Posted by bnaimy View Post

Sorry I miscalculated Your stop loss 30 points Times 3 =90 sell first 2 for 15 =30 and sell last one for 45 total 75. so you are risking 90 to get 75.? Risking 450$ to get 375$
Sorry if Im wrong
What do you think about this one Insane Money Futures Trading Rules
Vit
Hey Vit, you are right, risk 90 to get 75.

I checked it out, alot of good rules, but i would not use all of them.
Reason is it would be to much to juggle around with while trading, but alot of good rules there.The rules are very good, but i kinda got worried when i read this on this site:
But if you look at the right side of the page he have results for each month and profits, im kinda confussed

Quote start:
NOTE: I have halted all futures trading. My experiments have all failed to produce profits. Trade carefully if at all
Quote end:

If i had to take a few good rules i would choose these:

1:Look for low volatility trading periods.
2:Be aware of all economic announcements and news events. Morning announcements usually happen at 0800, 0830, and 1400.
3on’t trade off of the opening 15 min bar.
4:If you have lost three trades in a row, stop trading for the rest of the day


With kind regards
Bashir Naimy
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Old Nov 1, 2008, 4:24pm   #131
 
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Quote:
Originally Posted by pulimath View Post
Dear bnaimy,

I am eagerly waiting for your 3rd revision of the trading system.
Due to internet connection problem I am not able to view your video in U Tube.
Can u upload the same to some file sharing site so that we can download the same and keep a copy for future use also.

Thank u

with regards

Pulimath
I will try to do that, been slow with second video, my pc crashed and i had to reinstalle everthing, will try to post second video today.

With regards
Bashir Naimy
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Old Nov 1, 2008, 4:32pm   #132
 
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Quote:
Originally Posted by smoodi View Post
Bashir
Thank you again for your generosity.

I have subscribed to Sierra with their Barchart data feed and am trying to get my head around their charting soft ware.....very complicated...but getting there slowly. I tried trading for the first time yesterday. Rather than use a broker at the moment I am using Tradefair (a spread platform) a bit like CMC where i can start with a small account and small stakes and trial this business
It went well but I lost all my gains on one trade. Basically when i took the trade dd nt adhere to the rules. Could have kicked myself.
Was also aware of constant pressure to put on a trade. So beginner impatience rather than wait for the right moment
I am interested in what you mean by
a)low margins on CMC spreads.
b)how you identify support /resistance and on what chart.
c) how you place pivots using Sierra
d) Oh and what is the difference between a 1 minute and a 144 tick chart . I cantget tick data on Sierra at the moment......something wrong with their feed!

Once again thanks and immensely useful for us beginners.

Shay

Hi Shay its good to hear from you agains.

I think you are having to small profit targets or you use to high stops, cause it should not be possible to give all your profits back on 1 trade, either way please let me know how u dide those trades and i will try to help.

A tick charts shows just how many trades there have been, if i have a 144tick chart, it will forma a bar when 144trades have been executed.A 1 min chart forms a bar each 1 min and thats it, thats the difference.Reason people use tickcharts is that they can see where people have bought alot and sold alot and gives you a good idea of where people are willing to buy or sell.

getting pivots in sierra is very easy, just go to studies and add a autopivots to your charts, and it will draw it there automaticaly.

When it comes to support and resistance i use a combination of charts and moving averages, i use 50ma+100ma+20ma on 1min chart and 20ma on all the other charts, and from that i form a picture on where to find resistance and support. Its a question that needs alot of time to answer, but i will post second video today and i will explain how i trade, and that should give you a insigt into how to find support and resistance.

If you have any more questions dont hasitate to ask me

With kind regards
Bashir Naimy
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Old Nov 1, 2008, 8:50pm   #133
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[QUOTE=bnaimy;553168][QUOTE=vit007;553066]

Hey Vit, you are right, risk 90 to get 75.

I checked it out, alot of good rules, but i would not use all of them.
Reason is it would be to much to juggle around with while trading, but alot of good rules there.The rules are very good, but i kinda got worried when i read this on this site:
But if you look at the right side of the page he have results for each month and profits, im kinda confussed

Quote start:
NOTE: I have halted all futures trading. My experiments have all failed to produce profits. Trade carefully if at all

Sorry to hear about your problems but I think its all part of doing business its never strait up .There is no system that can give the same results in different market conditions.. and market condition now is completely different than last 20 years .so you cant back test this kind of volatility .I would paper trade for a while( sinse you cant trade in smoler contracts)get your confidense back, and than start trading as you usually do.
The results you sow on e website are from options trading not futures. That’s what I do as well . trade credit spreads , iron condors , which allows me to trade and keep my day job .But resent volatility is more suitable for day trading , so when I so your track record for 4 month I was very impressed . so I back tested few days ( I know its not enough) and your system did work well. . I even start thinking about going part time working so I can day trade and do my options credit spreads when Vol. subside. But now I’m not shure .Its not easy job to be a fool time trader .
So I hope It all work out and thank for *******g .
Keep in touch .

Last edited by vit007; Nov 1, 2008 at 10:09pm.
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Old Nov 2, 2008, 1:05am   #134
 
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bnaimy started this thread Hey vit, i was not aware that site was yours, i hope i have not offended you in anyway.
I am making the video as we speak now, and will upload it, its pretty large so it takes alot of time to upload it, but got my pc back up and running

Your approch is very good vit, just paper trade until you get the confidence back , and i am sure you will do great.


Stay tuned.

With kind regards
Bashir Naimy
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Old Nov 2, 2008, 1:32am   #135
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Originally Posted by bnaimy View Post
Hey vit, i was not aware that site was yours, i hope i have not offended you in anyway.
I am making the video as we speak now, and will upload it, its pretty large so it takes alot of time to upload it, but got my pc back up and running

Your approch is very good vit, just paper trade until you get the confidence back , and i am sure you will do great.


Stay tuned.

With kind regards
Bashir Naimy
I wish its mine. No I just like his market comments and his trading stile is simular tomine.
Happy trading
Vit.
P.S. you can use this to put your video on a web.Screen Capture | SnagIt | TechSmith's Screen Capture Software

Last edited by vit007; Nov 2, 2008 at 1:38pm.
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