I realize that it has been quite a while since my last post. Many things have changed since that time frame. Even though I have neglected this site, I have not been neglecting my work trading. My hours have gotten longer and since increasing my 6E trading and in the market from 2:00-3:00 AM until 4:00 EST for 2-3 days per week and weekends get consumed quickly with family and rest.

I have continued with the eminiaddict subscription but not always listening to David’s webinar. I am usually in David’s chat room and also in Vlad’s chat room at esecfutures.com. for the most part during the trading day. In addition, I have also subscribed recently to Ben Lichtenstein’s squakbox broadcast of the live S&P pit. I have both going most of the time but slowly trying to use Ben’s service primarily. I trade only futures now and use the futures contracts to trade currencies. My current trading plan as follows, ES and 6E (Euro) trades constitute 8o% of my trades with the other 20% being of 6J (Japanese Yen) and 6B (British Pound).  I have become much more regimented and find myself sticking to my trading plan better. It has also shown in my results as I have had my best 3 weeks of the year in the past 7 weeks, ranging from 6.2% to 7.9% per week. In reality, I only expect to have one week like that every 6 to 8 weeks. I am trading on accounts totaling 60-70k total for now and is sufficient for my risk tolerance and position sizing. I am looking forward to doubling my trading account size in 6-12 months as I become more consistent.

My trading setup has changed a bit. Hardware wise, I am all Mac now and do not use any PCs. I am still using TOS and Tradestation for charting and have not been able to fully convert to Tradestation. I am using IB and Tradestation as brokers but still have accounts with Infinity, TOS, and MB Trading as well. I currently run Tradstation on Windows XP inside of VMware Fusion on the Mac. I am at the same time and on the same machine running TOS, IB, Market Internals spreadsheets, etc. on Mac OSX natively. I like this setup as it is very stable and also mobile on a 17 inch MacBook Pro with a secondary 22 inch Samsung T220 monitor, secondary Mac full keyboard and mouse. I still have a desktop PC with a Samsung T260 and a T220 in my upstairs office that is not currently being used.

I will be starting a one-on-one mentorship with Joe Mertes at Joseph James Consulting next week that should last into the holidays. Joe uses Market Profile data extensively in his trading so I will be learning something new. We will be refining my trading plan over the next few weeks and will post it here once it is refined. Our goals are not to overhaul my trading since I am already profitable and getting more consistent every week but to enhance my trading by working over the basics of planning, execution, tracking etc. inside of my existing plan. I will also post periodic updates of my training and hopefully some examples.

Well that’s enough for now. I am hoping to get back to posting on this site and get some fresh material posted. Thanks!