Here is the way i daytrade the Emini-YM

[bumblebee010169]

Hey Bashir, missed you in the room on yesterday.

Hope you're well.

Good trading for next week
Habib

 

[bnaimy]

Hey Bashir, missed you in the room on yesterday.

Hope you're well.

Good trading for next week
Habib

Hey m8,i was allitle busy that friday, and market dide close alittle early as well..so i though i might as well take the day of..as i had a decent week.Just slowly getting back to the manual trading. Alot more exciting then auto to be honest

But i will have the automated as a pet project and keep improving it as i get the time.
I will be announcing everyday i do in the room, so if you want to tag alone you can, i also keep talking about what i am looking for and why i take that spesific trade.

I try to post the trades on the blog whenever i have time

Anyways, the weekends are soo borring, i just hate weekends... just restless and want to jump back to the markets, the week just fly by when trading. And it keeps my mind busy, and not think to my of my own love life issues

I am also moving to usa(chicago) and will start living there and please the dragon(GF), the dragon is frying my ass for no reason lately.

Anyways, when i get there it would be cool to meet up with a few of the guys from the room that live in the usa.


I am trying to keep my numbers of trades to 3-4 pr day and try to get around 16 points , then keep trading until either i get back to 12 points or the day ends.


I have a new project that i will start from next week and i will go like this :

1: Start with a 10000 account

2roject period from 16.02.2009-------> 31.10.2009

3:Try to do a minimum of 2 and a maximum of 6 trades trades pr day and keep doing that everyday for this period the market is open.

4:Start with 2 contracts and double the contract size to 4 when account reached 16000 usd and keep doubling contract size for everytime the account doubles.

5:The minimum balanse will look like this :

1:Feb->1000+1400(no many days left of month)
2:Mar->11400+3200
3:Apr->14600+3200
4:Mai->17800+6400
5:Jun->24200+6400
6:Jul->30600+6400
7:Aug->37000+12800
8:Sep->49800+12800
9:Okt->62600+12800
10:Nov->75400+25600

End results: 101 000,- usd (if i average 8 points pr day, that is 2 trades)

And i will only be risking 1 % of the account size pr trade, regardless where on the ladder i am.

Reason i want to do this is to see if i can do it and try compunding, as i have always played with a few contracts and never really traded that many contracts over a long time.

Anways it will be exciting and ill be in thr room and just blabber about trades i take.

Every month i will post my monthly account statements here so that anyone interested can wathc it.

Enough pointless rant from me, cya all on monday and
lets rock the darn market.

With kind regards
Bashir Naimy

 

[leovirgo]

Bashir
US markets will be closed on Monday.

 

[WillemDrees]

Interesting B. but i see a few problems on your path to the $101K.
Like the move to Gangsta paradise. Moving to Chicago will keep you busy for a few weeks at least. Then there's the fact that markets are closed this monday
If your that bored during the weekends, it might be time for a session with Trading Junkies Anonymous?

On the manual trades, it would be nice if you call out the setups as they develop a bit more, not twisting your arm here, i know you're busy with your friends also. Just a few confirmations on developing situations.

Say hi to the dragonlady, hope you got her a BIG vacuumcleaner today :cheesy:

 

[bnaimy]

Interesting B. but i see a few problems on your path to the $101K.
Like the move to Gangsta paradise. Moving to Chicago will keep you busy for a few weeks at least. Then there's the fact that markets are closed this monday
If your that bored during the weekends, it might be time for a session with Trading Junkies Anonymous?

On the manual trades, it would be nice if you call out the setups as they develop a bit more, not twisting your arm here, i know you're busy with your friends also. Just a few confirmations on developing situations.

Say hi to the dragonlady, hope you got her a BIG vacuumcleaner today :cheesy:

Tottaly forgot that the market is closed on monday, it fells like they have a holiday at least a few times a month, its really getting annoying. But i am not moving now, i will be moving when i reach my 101 000 target. So there will be no time wasted on moving
And i will have most of the stuff ready before i actualy get there, got familie there as well. Just need to get to IKEA the first day and do all my shopping and get the most essential stuff into the appartment.

Anyways, i should be able to catch up on that monday that i loose easly, shouldnt be that big of a problem.

I will call out setups and also talk about why i think its a good setup and so forth, so no need to twist my arm i usualy blabber most of the time about what i do. So no worries :innocent:

Two more days of sitting on my hands
Hmmmm when i think of it, i might as well trade alittle dax on monday...is europen markets open ?

I should get a social life besides trading, this is really sad



Goodnight everyone

Bashir N

 

[scurrie42]

Hey m8,i was allitle busy that friday, and market dide close alittle early as well..so i though i might as well take the day of..as i had a decent week.Just slowly getting back to the manual trading. Alot more exciting then auto to be honest

But i will have the automated as a pet project and keep improving it as i get the time.
I will be announcing everyday i do in the room, so if you want to tag alone you can, i also keep talking about what i am looking for and why i take that spesific trade.

I try to post the trades on the blog whenever i have time

Anyways, the weekends are soo borring, i just hate weekends... just restless and want to jump back to the markets, the week just fly by when trading. And it keeps my mind busy, and not think to my of my own love life issues

I am also moving to usa(chicago) and will start living there and please the dragon(GF), the dragon is frying my ass for no reason lately.

Anyways, when i get there it would be cool to meet up with a few of the guys from the room that live in the usa.

I am trying to keep my numbers of trades to 3-4 pr day and try to get around 16 points , then keep trading until either i get back to 12 points or the day ends.

I have a new project that i will start from next week and i will go like this :

1: Start with a 10000 account

2roject period from 16.02.2009-------> 31.10.2009

3:Try to do a minimum of 2 and a maximum of 6 trades trades pr day and keep doing that everyday for this period the market is open.

4:Start with 2 contracts and double the contract size to 4 when account reached 16000 usd and keep doubling contract size for everytime the account doubles.

5:The minimum balanse will look like this :

1:Feb->1000+1400(no many days left of month)
2:Mar->11400+3200
3:Apr->14600+3200
4:Mai->17800+6400
5:Jun->24200+6400
6:Jul->30600+6400
7:Aug->37000+12800
8:Sep->49800+12800
9:Okt->62600+12800
10:Nov->75400+25600

End results: 101 000,- usd (if i average 8 points pr day, that is 2 trades)

And i will only be risking 1 % of the account size pr trade, regardless where on the ladder i am.

Reason i want to do this is to see if i can do it and try compunding, as i have always played with a few contracts and never really traded that many contracts over a long time.

Anways it will be exciting and ill be in thr room and just blabber about trades i take.

Every month i will post my monthly account statements here so that anyone interested can wathc it.

Enough pointless rant from me, cya all on monday and
lets rock the darn market.

With kind regards
Bashir Naimy

It sounds like a very interesting and worthwhile project Bashir, I wish you the very best of luck. In return for all of the inspiration and help that you have offered here you thoroughly deserve for it to be successful, and I'm sure it will be.

You'll love Chicago, its a great city Like Norway they do get quite a bit of snow though! :-0

Out of curiousity, do you intend to continue evolving your system of multiple time frame stochastics and moving averages, or do you think that the latest version that has been published on your public web site represents the optimum efficiency that it can reach? You obviously have a real passion and talent for trading, and it really has been fascinating watching you develop the system over these past months.

Again, I wish you the very best of luck with your project!!

Regards,
Stuart

 

[bnaimy]

It sounds like a very interesting and worthwhile project Bashir, I wish you the very best of luck. In return for all of the inspiration and help that you have offered here you thoroughly deserve for it to be successful, and I'm sure it will be.

You'll love Chicago, its a great city Like Norway they do get quite a bit of snow though! :-0

Out of curiousity, do you intend to continue evolving your system of multiple time frame stochastics and moving averages, or do you think that the latest version that has been published on your public web site represents the optimum efficiency that it can reach? You obviously have a real passion and talent for trading, and it really has been fascinating watching you develop the system over these past months.

Again, I wish you the very best of luck with your project!!

Regards,
Stuart

Hi Stuart, i have decided to revert back to my original method and i am also having small but significatn changes to it, basicly things i have learned along the way.

And this method i fell is the best i have ever made, as i know excatly why things are happening around me. And i get a nice indication for when to buy and short. I will describe the method here shortly.


Regards
Bashir Naimy

 

[scurrie42]

Hi Stuart, i have decided to revert back to my original method and i am also having small but significatn changes to it, basicly things i have learned along the way.

And this method i fell is the best i have ever made, as i know excatly why things are happening around me. And i get a nice indication for when to buy and short. I will describe the method here shortly.

Regards
Bashir Naimy

Hi Bashir,

Do you mean the method on the very first page with the 30m, 10m, 3m and 144tick chart? I found this to be a very robust and reliable method to use, in fact the only problem that I had with it was myself, looking for trades where there were none to be had. Quite often I found that when the rules were '97% in the green' I would jump the gun, ie anticipate a price crossing of a moving average or a cross of the stochastics.
Invariably the 3% that I had betted on as a certainty to happen would usually then bite me in the 4ss as the price rebounded. I think that is all part of the experience of learning to be disciplined and patient though, which I'm learning...:cheesy:

Regards,
Stuart

 

[vit007]

Hi guys. May be some body with excel knowledge can help me . I have this formula for
Buy Exit

=IF(OR(AND($J$8=2,OR($J$10<=-30, $J$10>=20)),AND($J$8=1,OR(Sheet4!AA3<Sheet4!AB3))) ,1,0)

It sells 2 contracts of YM at +20.
What Im trying to do is to change this ,so it will sell one contract at +10 and move stop to +7 for second contract .Any idea how to do this?
Thanks in advance.
Vit

 

[WillemDrees]

Hi guys. May be some body with excel knowledge can help me . I have this formula for
Buy Exit

=IF(OR(AND($J$8=2,OR($J$10<=-30, $J$10>=20)),AND($J$8=1,OR(Sheet4!AA3<Sheet4!AB3))) ,1,0)

It sells 2 contracts of YM at +20.
What Im trying to do is to change this ,so it will sell one contract at +10 and move stop to +7 for second contract .Any idea how to do this?
Thanks in advance.
Vit

Hey Vit, i don't think the workbook in SC allows for scaling out. It justs sends buy,sell or exit signals on TRUE entries in the K/L/M/N3 columns, afaik....

 

[bumblebee010169]

Bashir, can you list the charts and indicators for the manual method you're using now, would be so much more educational to be able to follow the action in the room with the same setup rather than just listening in and waiting for your 'calls'.

Hey Vit, sorry I don't know excel that well, good luck modifying the code btw who do you use to broker forex? Forex brokerage is a minefield!

bumble

 

[bnaimy]

Bashir, can you list the charts and indicators for the manual method you're using now, would be so much more educational to be able to follow the action in the room with the same setup rather than just listening in and waiting for your 'calls'.

Hey Vit, sorry I don't know excel that well, good luck modifying the code btw who do you use to broker forex? Forex brokerage is a minefield!

bumble

Sure i will post it now.

For Vit: its fully possible to scale out and do all that stuff, its alittle advanced though, have a look at the room trader code, there is all you need.


Bashir N

 

[bnaimy]

Her is the method i will be using for the rest of the year and keep using it until i further notice lol:smart:


Charts needed:

1: 1min chart with 89ema+34ema+7ema + fib autoretracment.
2: 3min chart with 20ema+slow stochastics(10,3,2)
+Directionel Moving Index+Woddie CCI old
3: 10min chart with 20ema+slow stochastic
4: 30min chart with 20ema+ slow stochastic
5: 89tick chart with 89ema+10ema


The rules are for the most the same,but there is a alittle extra.
And there is no longer a 1min slow stochastic, no need.

Buy when price is above all moving averages and 10 min stoch is on yourside, we always prefer 30min to be in ourside, but its not a 100% requirement. The DMI and the CCI must also be on yourside. DMI, the green line must be above the purple one, and there must be distance from the lines. CCI, should be above the zero line and be climbing.Always wait for comfirmation from both the CCI + DMI.Both of these indicators are really good trend indicators and will tell you when there is a strong trend about to happen.And also remember to look at the fib lines, if you are waiting for a buy and for price to start rally, and u see a a fib level a 2-3 points above, its good to wait for it to break before taking the trades on the 89ema.But you dont need to use the fibs, since you can figure out support and resistance by looking at previouse bottoms and tops.

When price breaks out, then do the first retracement on the 89tick chart, buy when price gets close to the 10ema.

The next retracement is done on the 1min charts 7ema.

Now, when you have done 2 trades on a move, then u are done, no more trades.Wait for price to retrace, but dont toutch it.Wait until it reached the 34ema on the 1min, now make sure the 30min is on yourside. When price reached the 34ema, the 3min stoch is garantied going down, but dont let that worrie you. Just make sure the 10 is on your side and the 30min. IF they are, then go long on that 34ema and ride the move halfway from the last top of just cover at fixed targets.

My targets are +1 +3, i never change the first target, the second target i am allowed to change, but i only change it higher if i see clear skys and no worries, if its in congested area , then i will just be happy with my targest. But on strong trends i will try to trail it.

if you miss a trade, DONT CHASE IT, that will only end up in lost ticks.
And if you miss it, then smack yourself and say, U IDIOT,PAY MORE ATTENTION TO THE MARKETS AND NOT ON THE PORN :cheesy:

When my first targets is hit at +1(points) then i move my stop from -2 points to -3 ticks. This is to insure i am safe, and i am only risking the markets money and not mine, and if the entry is good and its a valid trade, it should not come back. If it does come back up and takes ur stop, then stop for a moment, and rethink your decision to go long or short.


And if you get 3 good trades that day, consider packing your bag and call it a day, the more time you spend in the markets the more risk you are exposed to.And as time pass,you get tired and you can do mistakes.

I know its a very simple explanation, but ask question i will answer.


I find this method to be rock solid, and if you do it correctly you just cant go wrong.

Regards
Bashir N

 

[bnaimy]

Btw, i will from april start trading the DAX on the Europen time.I will trade from 09:30 to 13:00. Then 2 hours brake and then start trading the NQ on the american markets.

So more bang for my buck, i think i can then beat my goal of 101, maybe 150 k maybe wink wink

The stop on the DAX is then 8 ticks(12.5usd) and first target is 4 ticks and last target is 12 ticks.
Risk pr contract is 100 usd, so tottall risk is 200 usd for 2 contracts.And risk to reward is 1/1 just like in the NQ.


So that means i will open the from as well from those times, and if anyone who is trading the DAX want to trade with me then they are more then welcome to do so. I will also announce my trades there as well and explain why i take the trades i do.


Cya all on monday, cant wait....about time.

Bashir N

 

[WillemDrees]

Awesome on the updated manual B. Thanx. Will give it a good testdrive.

Trading the DAX at 9:30? Are u for real? what about your 4am posts? ;-)

 

[scurrie42]

Her is the method i will be using for the rest of the year and keep using it until i further notice lol:smart:

Charts needed:

1: 1min chart with 89ema+34ema+7ema + fib autoretracment.
2: 3min chart with 20ema+slow stochastics(10,3,2)
+Directionel Moving Index+Woddie CCI old
3: 10min chart with 20ema+slow stochastic
4: 30min chart with 20ema+ slow stochastic
5: 89tick chart with 89ema+10ema


The rules are for the most the same,but there is a alittle extra.
And there is no longer a 1min slow stochastic, no need.

Buy when price is above all moving averages and 10 min stoch is on yourside, we always prefer 30min to be in ourside, but its not a 100% requirement. The DMI and the CCI must also be on yourside. DMI, the green line must be above the purple one, and there must be distance from the lines. CCI, should be above the zero line and be climbing.Always wait for comfirmation from both the CCI + DMI.Both of these indicators are really good trend indicators and will tell you when there is a strong trend about to happen.And also remember to look at the fib lines, if you are waiting for a buy and for price to start rally, and u see a a fib level a 2-3 points above, its good to wait for it to break before taking the trades on the 89ema.But you dont need to use the fibs, since you can figure out support and resistance by looking at previouse bottoms and tops.

When price breaks out, then do the first retracement on the 89tick chart, buy when price gets close to the 10ema.

The next retracement is done on the 1min charts 7ema.

Now, when you have done 2 trades on a move, then u are done, no more trades.Wait for price to retrace, but dont toutch it.Wait until it reached the 34ema on the 1min, now make sure the 30min is on yourside. When price reached the 34ema, the 3min stoch is garantied going down, but dont let that worrie you. Just make sure the 10 is on your side and the 30min. IF they are, then go long on that 34ema and ride the move halfway from the last top of just cover at fixed targets.

My targets are +1 +3, i never change the first target, the second target i am allowed to change, but i only change it higher if i see clear skys and no worries, if its in congested area , then i will just be happy with my targest. But on strong trends i will try to trail it.

if you miss a trade, DONT CHASE IT, that will only end up in lost ticks.
And if you miss it, then smack yourself and say, U IDIOT,PAY MORE ATTENTION TO THE MARKETS AND NOT ON THE PORN :cheesy:

When my first targets is hit at +1(points) then i move my stop from -2 points to -3 ticks. This is to insure i am safe, and i am only risking the markets money and not mine, and if the entry is good and its a valid trade, it should not come back. If it does come back up and takes ur stop, then stop for a moment, and rethink your decision to go long or short.


And if you get 3 good trades that day, consider packing your bag and call it a day, the more time you spend in the markets the more risk you are exposed to.And as time pass,you get tired and you can do mistakes.

I know its a very simple explanation, but ask question i will answer.


I find this method to be rock solid, and if you do it correctly you just cant go wrong.

Regards
Bashir N

Fantastic, thanks again Bashir, I look forward to giving this a test drive too. Just one quick question please if I may:

Buy when price is above all moving averages and 10 min stoch is on yourside, we always prefer 30min to be in ourside, but its not a 100% requirement.

Although the 30min is optional I assume that the 3 min stoch also has to be onside at this stage, so that the different timeframes all have momentum climbing in the right direction. Is that correct?

I totally take your point on missing the move, and not chasing the market...it's easy to do. Perhaps we need an anti-porn indicator :whistling

Thanks again Bashir, and I wish you good trading on the Dax...
Stuart

 

[bumblebee010169]

Thanks for posting so quickly, I'll setup the charts so I can follow properly, final final version . . . for now


is vigi still going to update hydra with the fixes for problems discussed last week and week before?

 

[bumblebee010169]

oh yeah and why Dax Vs Eurostoxx? just curious.

bumble

 

[bnaimy]

oh yeah and why Dax Vs Eurostoxx? just curious.

bumble

I dont like the eurostoxx, i dont like its movements, its to volatile for my taste, and the stops and targets are much bigger for me as each point is worth alot and that will screw up the money managment.


Other then that i have nothing against it, but i prefer DAX as its more controlled in my opinion.

Regards
Bashir N

 

[bnaimy]

Awesome on the updated manual B. Thanx. Will give it a good testdrive.

Trading the DAX at 9:30? Are u for real? what about your 4am posts? ;-)

yeah, need to work on getting my dayrythm in order again, and sleep at the right times, and im sure i will be okey then


Are you tradin the DAX or the Eurostoxx Willem buddy?

With kind regards
Bashir Naimy