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magnumfreak replied May 5, 2019Bitcoin never stood a chance in the futures market. Just look at the margin requirements. 40k intra day at NinjaTrader. Spread is nearly matching NQ now. Only time will tell if micro's make it.
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magnumfreak replied May 5, 2019LOL that was what I was thinking. They have to tighten up that spread if they want people to get involved. Still at 2.5 points.
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magnumfreak replied May 5, 2019spread seems to be stabilizing. Still too wide at 2.5 points.
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magnumfreak replied May 5, 2019image Only 4 contracts in volume have come through so far. image
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magnumfreak replied May 5, 2019starting to get data for MNQ now. Spread is all over the place. 2.50 up to 300 points. LOL! Volume is a massive 2....
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magnumfreak replied May 3, 2019The information below this line should be taken in a friendly tone. It's time to get real and that is all I am writing down below. Your assumption is that what I showed you is the only method of entry. I have only shared the most conservative method ...
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019Same EXACT thought process on the 5 minute chart: image You can be more "aggressive" on the 5 minute chart trading the same way by looking for just the 21 and 60 ema. Like at 2130 last night. Find the trend, follow the trend. Manage risk.
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019No problem. The chart below is 30 second. The same holds true for higher time frames. image The second chart shows the current situation. Things are starting to line up but as you can see the last 30 minutes or so things have been mixed up. image ...
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019The ultra conservative approach would be for me to wait until the 21, 60 and 200 ema's line up. Wait for the pull back then take a trade in the direction of the trend. Right now, I don't have that. The 21 is below the 60 and the 60 is above the 200. ...
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019Your emotions are in control. Get that in check or you will NEVER make it. Next, why trade 3 contracts when you haven't proven to yourself you can trade 1? Every system has losing trades, period. It is unavoidable. 99% right still means 1% wrong. ...
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019Find the trend, follow the trend. DO NOT fight the trend or try to "get in" early on a reversal. It just isn't worth it. Anyway, best of luck to you. I believe you will figure it out.
Staying In My Lane - A Read-Only Journ(al/ey)
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magnumfreak replied May 3, 2019Just loaded the new templates for NinjaTrader on the new Micro NQ. For lifetime license holders on NT, 0.41 per contract per side so 0.82 round trip per contract. At 0.50 per tick you will need just about 2 ticks to cover commission. I do like that ...
Plan the Trade
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magnumfreak replied Apr 25, 2019Do you ever sleep? LOL! Lots of good info. Thanks for taking the time to post it.
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magnumfreak replied Apr 25, 2019Nope on the fundamentals. Purely technical. By being extremely picky on the entry I can minimize losses. Initial stops are lower now that the market isn't as volatile as it was back in the fall of last year. Most of the time the actual stop is at or ...
Getting Freaky With Futures
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magnumfreak replied Apr 25, 2019Not sure I understand the relevance of the "bigger picture" when it comes to my trading style. Based on the parameters of my system, since price was significantly above all of the moving averages there were only two options. Look for a swing low to ...
Getting Freaky With Futures
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magnumfreak replied Apr 24, 2019Price looks stalled. May be waiting for interest rate from Japan later tonight. It's always listed as tentative. Oh well. I will be back for Euro session around 3 am here. Would really like to get a few trades in before US market just to build a ...
Getting Freaky With Futures
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magnumfreak replied Apr 24, 2019Well that spike up at the open was interesting. LOL! Since price is above all of the moving averages, I am waiting for it to climb back up to somewhere near 7860 which will form a nice 1-2-3 then I will use the horizontal line from my strategy to ...
Getting Freaky With Futures
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magnumfreak replied Apr 24, 2019Ok here is what the trading screens look like: First you will see a thin horizontal line that is currently red. I can place this anywhere, then enable it and the software will take a trade if it crosses the line. It turns green when it is enabled. ...
Getting Freaky With Futures
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magnumfreak replied Apr 24, 2019Ok, enough sim trading. Time to go back live. I will monitor Asia tonight and will enter a trade if we get a good set up. I fixed the issue I was having with my automated entries. Apparently the user manual for ninja trader has a few bugs in it as ...
Getting Freaky With Futures