Thursday, December 12, 2013

12-12-13 Replay of 12-9-13 NQ US - $470 using multiple contracts

So, after checking out the webinar video about Secrets of account protection and growth I implemented some of the suggestions and started practicing on the YM and NQ (Dow and Nasdaq minis). They are traded at $5 per tick increments and allow for multiple contract sizes and more ability for trailing stops and runners a bit easier than at the ES's $12.50.

I also tried working with using the Heiken Ashi but pinpointing the specific candle entries was very challenging. So I went back to the regular bars. 
Interestingly the results were
great ! 



The trade results using multiple contracts without trailing stops during US session was 

  • $470. including 
  • $150.00 loss and 
  • 7 trades
  • 3 % risk management - $225. based on a $7,500 account
  • Trade scalper method was used after the first loss until end of session
  • ATO, blueprint, scalp methods used
  • X5 was tried but levels were not respected at all compared to ES



The trade summary was also something else. That would definitely be a wonderful goal even at a 50% success rate, wouldn't you say. The key thing is that margin per contract is at 500, so while I doubt I would trade live at 5 x 500 margin on my small account, the potential even at 2 or 3 seems doable.

Well, keep on practicing !!!





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