attempting ES futures

This is a discussion on attempting ES futures within the Trading Journals forums, part of the Reception category; 12 ES points profit for my skype buddy today as usual! long from 79 for +6 and long from 82 ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 27, 2011, 7:17pm   #64
 
piggybridges's Avatar
Joined Aug 2011
Re: attempting ES futures

piggybridges started this thread 12 ES points profit for my skype buddy today as usual!
long from 79 for +6 and long from 82 for another +6.
Freakin' unbelievable! Sometimes tempted to just copy him, but I really want to just learn to be as good as him instead! Feels weird to just blindly follow someone no matter who amazing they are.

Hopefully tomorrow is better for me.
__________________
You'll find me Shooting for circa 200 pips off of the smalls. Kinnell bud. mate. I'm off for a run!
piggybridges is offline   Reply With Quote
Old Sep 27, 2011, 11:16pm   #65
 
1 Posts
Joined Aug 2011
Re: attempting ES futures

I am also reading your posts although I am doing the demo with only the ES for now. I am looking for much smaller profits (150 a day is super for me), so that's only me having to get 3 points in a day which so far, hasn't been too tough. So far (2 months in) my good trades are occurring about 77% of the time. What are your thoughts about how the "real trading" since it hasn't been as successful as paper, what do you think is the biggest hurdle? Do you notice any differences in the order/fill times? That is my biggest concern right now...I watch for my indicators but use the order book to put in orders and they usually fill within 1-2 seconds...is this the case when you trade live? Like I said, I am looking for small scalps and if it's very choppy, I'll get in and out half a dozen times to get my profit and then out for the day. I know that people may say I am killing myself in commissions, but I'd rather do that then sit and wait for 3 points and watch it drop 5 or more.

On the other side of the coin, have you thought about trading along side with your Skype guy? I don't think there is nothing wrong with making a "little extra" off his calls, especially since he seems to be pretty good at it.
mitchell404 is offline   Reply With Quote
Old Sep 27, 2011, 11:43pm   #66
 
piggybridges's Avatar
Joined Aug 2011
Re: attempting ES futures

piggybridges started this thread
Quote:
Originally Posted by mitchell404 View Post
I am also reading your posts although I am doing the demo with only the ES for now. I am looking for much smaller profits (150 a day is super for me), so that's only me having to get 3 points in a day which so far, hasn't been too tough. So far (2 months in) my good trades are occurring about 77% of the time. What are your thoughts about how the "real trading" since it hasn't been as successful as paper, what do you think is the biggest hurdle? Do you notice any differences in the order/fill times? That is my biggest concern right now...I watch for my indicators but use the order book to put in orders and they usually fill within 1-2 seconds...is this the case when you trade live? Like I said, I am looking for small scalps and if it's very choppy, I'll get in and out half a dozen times to get my profit and then out for the day. I know that people may say I am killing myself in commissions, but I'd rather do that then sit and wait for 3 points and watch it drop 5 or more.

On the other side of the coin, have you thought about trading along side with your Skype guy? I don't think there is nothing wrong with making a "little extra" off his calls, especially since he seems to be pretty good at it.
Hey.
I think there's too much made about the transition from demo to live, personally.
My results overall haven't been as good as in demo, but it hasn't been a drastic difference. It's harder to run profits. That's the main thing. I'm quite robotic with stops, so that's not been an issue.
People always talk about fills etc, but again, i'm only trading 1 contract and fills seem to be the same as they were in demo mode.
If you are killing it in demo, using sensible stops and not letting losers run until they 'come good' and are using a good platform where demo mode closely reflects live trading and are doing well, then it's definitely worth a shot in my opinion.

As for following this guy...
Yes, he's 'pretty good' as you say. Well, he's actually pretty amazing from what i've seen. But he doesn't seem willing to reveal much about his method. I'm sure there's some TA involved, because he sometimes mentions 'double tops' and 'wedges' etc (unless he's trying to hoodwink me!!). I'm not sure if there's something else going on to help with his analysis as well, though. He's averaged about 10 ES points per day in the 4 months or so that he's been posting his trades.
And yes, I know I can follow him and make some extra money, and it might seem stupid not too, but i'm not interested in just copying someone and making money. I want to learn the skill rather than just make some fast money.
Also, if i was to follow him and the unthinkable happened and he called loser after loser, it would be more annoying than falling on the sword from my own alalysis.
Not that I particularly care if I lose the 8k this account started with, but you get my point.
__________________
You'll find me Shooting for circa 200 pips off of the smalls. Kinnell bud. mate. I'm off for a run!
piggybridges is offline   Reply With Quote
Old Sep 28, 2011, 12:10pm   #67
 
piggybridges's Avatar
Joined Aug 2011
Re: attempting ES futures

piggybridges started this thread I'm up $235 ish so far today.
I've missed 2 trades that would have given me a lot though, which is quite annoying.
Shame I can't program/code which would stop me missing signals....
Probably not done for the day yet though, so not worth posing a statement yet.
__________________
You'll find me Shooting for circa 200 pips off of the smalls. Kinnell bud. mate. I'm off for a run!
piggybridges is offline   Reply With Quote
Old Sep 28, 2011, 1:44pm   #68
 
piggybridges's Avatar
Joined Aug 2011
Re: attempting ES futures

piggybridges started this thread +$300.08

Better day, although didn't get much follow through on my trades.
Also missed 2 trades that would have been rather good ones.
Attached Thumbnails
delf.jpg  
__________________
You'll find me Shooting for circa 200 pips off of the smalls. Kinnell bud. mate. I'm off for a run!
piggybridges is offline   Reply With Quote
Old Sep 29, 2011, 2:50pm   #69
 
piggybridges's Avatar
Joined Aug 2011
Re: attempting ES futures

piggybridges started this thread -$277.18

Losing day.
Finding it a bit harder recently. although it could be a lot worse!
Might be a losing week though, depending on how tomorrow goes.

I know I've had a few first time posters pop in to the thread, but it really is terribly quiet.

Tomorrow might be my last day of the journal for now.

statement attached.

cheers
Attached Thumbnails
delf.jpg  
__________________
You'll find me Shooting for circa 200 pips off of the smalls. Kinnell bud. mate. I'm off for a run!
piggybridges is offline   Reply With Quote
Old Sep 29, 2011, 3:23pm   #70
 
5 Posts
Joined Apr 2011
Re: attempting ES futures

There isn't much to be talking about if you don't write down deeper thoughts.

Would be cool to see why you take the trade you took, post charts etc..

Anything other than just how much you lose or win everyday.

Cheers
sound-of-revenge is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Infinity Futures vs Velocity Futures Nolly Brokerages 8 Jan 13, 2012 4:45am
Is industry experience a must before attempting day trading from home Mufasa Home Trader 26 Oct 19, 2010 10:37pm
New Futures Account: RCG (Sweet Futures), Velocity, or Global? JangoFolly Brokerages 2 Feb 4, 2010 10:29pm
How long have oil futures had such a direct relationship on index futures? powerbook Futures & Options 3 May 16, 2005 5:58pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)