Robbie Williams

Hi everyone, thought I'd share my experience with the CME group, as I feel I need to share my experience so that others can make a informed decision in regards to opening an account. I deposited $450 in my CME account to gain live data to use for 3 months in the sim, and after that I was going to fund my account. First of all, when you fund the account, please be aware that there is an approximately $15 bank fee which is charged by the bank in Trinidad Tobago before hitting your brokerage account. I deposited the money into my account on the 28th of July. I was immediately charged $150 for July's data, and then a couple of days later $150 for August' data. I traded in the sim, and then at the end of August, I received an email saying my account has been suspended as it had fallen below the minimum balance. At this stage, due the fact that I had received generic responses to my email queries and the fact that in my situation, it was impossible to enter or exit a position once SSR had been employed on any stock, I decided to withdraw my money. Taking out the $60 wire fee, I was left with about $135. I submitted the paperwork and was told the remainder of my money would hit my American bank account within 5 days and my account would be closed. After 3 weeks, I decided to check the money had hit my account and lo and behold it hadn't. I send another email to CME as was sent another generic email saying, we received your request, and that the money would hit my account within 5 days. I replied and was then emailed saying that because I hadn't suspended my account (even though they sent me an email a few weeks earlier saying they had suspended it themselves) they had taken out another $150 worth of level 2 data, and my account balance was now below the minimum I couldn't withdraw the remaining money. So all in all, I spend $450 to receive exactly 34 days of live level 2 data. In my situation, I would say that I received generic emails to every query I had, and only once I replied again would I receive a real response. I also found that it was impossible to enter or exit any position on any stock that went into SSR. (ie: if you were long on a position, and wanted to exit because the stock had gone into SSR, you couldn't. If you wanted to short a stock on SSR, you couldn't even on an uptick). This was my experience - everyone's mileage may vary, however the key takeaway is please be careful if you do decide to deposit your hard earned money, either for a live or simulated account. Cheers

Hey mate I finally got a reply from CMEG when I was asking why I couldn’t short during a SSR: Being an offshore broker, our clients do not have direct market access and as such, trades are executed through Capital Markets Elite Group in a principal capacity. Due to this, when stocks go SSR, the company is not willing to bear the risk that it imposes on the net market position of the company. As you have seen, we do not impose this on all SSR stocks but we do so on most. While this is not always the case, this is the stance of the company at this time.

Hmm, I will have to check with CME then. I have pressed the short button about 50 times in a row but nothing is happening!

Thanks mate, shorting on the bid is prohibited during SSR - my hotkey has a marketable limit order to -$0.10 If anyone could post their code for a working hotkey that would be awesome.

Hi everyone, Wondering if someone can help me. When I was in the DAS demo, I was able to short any stock regardless of whether it was on SSR or not. Now that I'm using the CME Demo, it won't let me short at all on SSR. My question is this - when I go to short say 100 shares of a stock when its on SSR, I won't get filled. Does DAS or CME keep your short in the system UNTIL an uptick happens and then fills OR, do you need to press the SHORT button as soon as you see an uptick? For the life of me, I cannot get stock any short on SSR in the CME demo, regardless of whether its ticking up, I do a market order, limit order etc. If it s on a SSR, I cannot short any stock. Just wondering if its operator error (AKA me) or whether I need to speak to CME about it. If someone could also post their code for their short hotkey that works that I can compare mine to that would be great Cheers

I live in Australia so the market opens at 11:30pm my time. It's even more painful when you switch to daylight savings as it then becomes 12:30. In regards to trading a different market such as London or Asia, I'm not sure if the same strategies apply as you need traders to be actively looking for the same patterns to be successful/self fulfilling. Does anyone have any idea if other international markets work the same as the NYSE and NASDAQ?

ORB + ABCD + DOUBLE TOP MU | 18th June I took 3 trades on MU today. The first was a ORB identified on the 5 minute chart above VWAP, with an ABCD confirmation on the 1 minute chart. When the volume came in, I went long and sold for a 2:1 profit ratio (no identified profit levels to try and sell to). The second trade was an ABCD pattern (A @ 09:40, B @ 09:45, C @ 09:47). Unfortunately the ABCD pattern did not eventuate despite a confirmation on volume and I got out for a small loss. As soon as I exited the second trade, I noticed a double top on the 1 minute chart and after the stock couldn't break above the MA on the 1 minute chart and struggled to move higher again, I went short with a target of VWAP. Even though I made profit on the third trade, selling most at the VWAP, the profit ratio was just over 1:1 and I should not have taken the trade.

Hey everyone sorry I won't be able to make this one. I need to be at LAX to fly back to Australia at 9pm. Hope you all have a great night :)

Hi Andrew - I'm still in the simulator at the moment unfortunately. Happy to make heaps of videos for the community once I'm live though :)

ANF Double Bottom | 1st June ANF opened weak at the open. I wasn't able to capitalise on an ORB however the stock put in a low of the day at 09:58AM at $21.36. The stock squeezed up and found support, slightly higher at about $21.70 where it sat for 5 minutes. At 10:12AM, the stock then moved back down to that level and couldn't go any lower. Seeing a double bottom on the 1 minute chart, as well as the fact that the double bottom was higher than the low of the day reaffirmed that it was a good long. My initial target was VWAP, taking profit along the way. I scaled out of the trade, capitalising on a 50 cent move back to VWAP, with a 10 cent stop.

CIEN | 31st May CIEN was on the scannners around 09:15 pre-market. I decided to keep it on my watchlist. It gave me a few good trades. At the open, I noticed an opening range breakdown on the 5 minute chart after 10 minutes so I went short just below VWAP. I covered at my target of $23.74 identified pre-market and the 200 SMA on the 1 minute chart. The stock dropped and I covered most of my position at my target. I held some through the pullback but when it made higher highs on the 1 minute chart I got out the remainder of my position. The second trade I took was an ABCD pattern at 09:56 AM. Unfortunately the trade didn't eventuate so I got out as the stock fell. I then noticed that the stock was weak, with an engulfing pattern on the 5 minute chart so I went short again at the VWAP, with a profit target of low of the day (profit ratio of 2:1). The stock spiked up and I didn't like the price action, so you'll see that I covered half my shares at breakeven in the third black box, around 10:03 AM to limit my risk/exposure. The stock then eventually did what I wanted and I covered. The fourth trade was a reversal. I was hoping to wait for the close of the 5 minute candle to confirm however with a double bottom on the 1 minute chart, I went long with a stop just below the double bottom and a profit target of VWAP (profit ration of 2:10). I then covered towards the VWAP, and with the short squeeze was able to cover the rest above VWAP. Overall a couple of good trades, the first trade being the only trade I possibly shouldn't have taken due to the profit ratio.

6/9 works for me. Let's see if it works for most :)

AMAT ORB | 22nd May 2018 One good trade I made today was on AMAT. It looked bullish on the 5 minute chart and I went long at 09:34am at $50.82. My stop loss was the low of the consolidation at $50.67 with a profit target of $51.32 - giving a profit ratio of 3:1 (assuming I didn't scale out). I scaled out of the trade in stages. The last remaining 10% of shares I held but sold when the stock made two bearish candles on the 1 minute chart (which I seem to have accidentally cut off from the screenshot of the 1 minute chart).

Thanks Robert

Thanks for sharing your trades with us Jimmy

NBRV Pre-market trend trade | Monday 21st May NBRV was following the moving averages pre-market on the 1 minute chart nicely so at 09:26 I entered short 200 shares at $5.95 My stop loss was the break of the 1 minute 20 EMA (green line) with a profit target of $5.48 identified at the pre-market. This gave me a risk reward of 3.6:1 I covered a partial position on the way down to $5.48 however held the majority of my shares for the drop and covered all when the stock dropped near my target. I was able to book a $55 profit from 200 shares.

FITB | Monday 21st May I took a total of 3 today - 2 of which were on FITB. After 3 minutes, FITB pulled back to the VWAP so I went short with a stop at $31.63 at the 200 SMA (grey line on my charts). With a target of 30.75 which was a level identified in the pre-market, my risk to reward heading into the trade was nearly 3:1 I scaled out of the trade, mostly out at $31, but held 10% of my shares and was stopped out above the VWAP at 09:44. I identified a engulfing pattern on the 5 minute chart so as soon as I was out, I jumped back in long at $31.26 My stop loss was $31.16 with a target of $31.55 which was the 200 EMA on the 1 minute chart. I had a limit order set for $31.55 however the stock jumped up to $31.54 1 cent below my order and I didn't get filled! :( I eventually got out at breakeven at the VWAP.

YOUR TRADING RULES Hello all - I started this thread so that members can post their list of trading rules if they'd like to share for everyone else and thought it would be beneficial. (I apologise if this thread is similar to a pre-exisitng one, however I haven't seen one). My current day trading rules are as follows: 1) Maximum of 1 pre-market trade 2) Maximum of 6 trades per day 3) Only enter a trade with a 2:1 profit target. Do not enter or wait for a better entry if 2:1 is non-existent 4) Lose more than $150 per day - stop trading 5) 3 losing trades on the same stock - delete from DAS for the rest of the day

I love looking at your reviews Robert - I always learn something. I’m going to have a look M now myself in DAS to check it out. I wanted to make sure I have the right price markers on my chart - I have yesterday low, yesterday high, 2 days ago high and 2 days ago low as well a yesterday close and yesterday open. Are these the 6 that you use Rob?

Would everyone like to post their available dates as a post in the thread and then we can see which date works the best? Available dates so far for me are: Wednesday 23rd May Thursday 24th May Friday 8th June Saturday 9th June Sunday 17th June Monday 18th June My roster doesn't go out further than the 18th of June

This is a great post Robert! Very informative. Should be stickied

Thanks for sharing the Netflix trade Robert. Such clean trades unlike the morning chop we saw.

Hi everyone, here is my availability: Friday 4th May Saturday 5th May Friday 11th May Saturday 12th May Wednesday 23rd May Thursday 24th May Friday 8th June Saturday 9th June Sunday 17th June Monday 18th June

3 MONTH SIMULATOR TRAINING I finished up my first 3 months of sim training last Friday. I've learn at lot during that time and have been writing down every trade to analyse my results and see what does and what doesn't work for me. I have decided that I will do at least another 3 months in the simulator - I am wanting to be super confident and proficient at trading as eventually I would like to quit my day job, however there is no rush for me to do so and I have a lot of things that I would like to fix before trading real money. Having the data has allowed me to figure out what I need to work on to be successful moving forward. I have uploaded my data as an infogram (I love infographics and enjoyed making this in Photoshop) in the hope that you'll find it entertaining and some new traders might learn something.

I know Carlos made a spreadsheet and everyone put their availability for the NY catch up, however because there are only 5 or so of us, maybe it's easier if everyone posts what days off they have in May on this thread and then we can pick one that aligns with most people.