Live Day Trading ES S&P Emini Futures [REAL PEOPLE / REAL TRADING]

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This is a COMPLETELY FREE Live Futures Trading Room for beginner traders. We are NOT trying to sell you anything. Emini S&P futures is what we will be trading, step-by-step…from Strategy, Setup, Execution, Risk Management, and Exit. By no means are we professional traders, but with our daily futures training and discussions hopefully we can get there together.

All the futures charts, indicators and platforms we use are completely free as well, and are available for download below, so you can join in on the trading.

We will be using SIMULATED ACCOUNTS for training purposes. We will not be using Real Money, but we are using LIVE DATA FEEDS, just as you would with a real money account. This is the best and least painful way to learn….IMO

Although this is a beginners futures trading room, we do welcome insight from more seasoned traders. We do ask that you do not judge us, try to sell us anything, and only offer insight on the strategy that we are using. Its appreciated!

Here’s the tools you need (FREE):
FUTURES TRADING PLATFORM
NinjaTrader 8 Free Download –
https://www.ninjatrader.com/
******IMPORTANT***** It will ask if you want to sign up for FREE Live CQG Data Feed..Click YES!

NinjaTrader 8 Download and Setup Instructions – https://www.youtube.com/watch?v=UecNf9KJfAA
Be sure to setup your Free Data Feed also through CQG…

TRADING STRATEGY

We use the Fibonacci Retracement Strategy as developed by Tim Racette at Eminimind. We are in no way affiliated or endorsed by Eminimind. This is a strategy I’ve been studying / using based on Tim’s excellent instruction. I encourage you to visit his YouTube Channel and watch his instructional videos. Here’s his info:
EminiMind YouTube Channel –
https://www.youtube.com/user/EminiMind
Website – https://www.Eminimind.com
EminiMind Fibonacci Strategy Video –
https://www.youtube.com/watch?v=17b-qsjNikg

Tim has a ton of great futures videos. I would start with the one above to get you going in the right direction. The strategy we will be using in the trade room can be learned on his YouTube channel. He does have paid content on his site, and you can make your own decision on that… By NO means am I an expert on his strategy. I am learning just as you will be.

SIMULATED FUTURES ACCOUNT SETUP (In NinjaTrader 8)
$5,000 Balance (Sim101)
Click on the “Accounts” tab, right Click on Sim101 and Click “Edit”. Settings should be as follows: US Dollar, Ninjatrader Broker Direct, 10000, 5000, 0, 0, Ninjatrader Brokerage Default, 0. Click OK, then right click on Sim101 again, Click “Edit”, Click Reset, Click OK. That’s it.

SUPERDOM (Dynamic)
Click New in the menu bar, then SuperDOM (Dynamic). Be sure to set the instrument to ES and the current contract. ex: ES 9-18

CUSTOM STRATEGY
In the SuperDOM set the strategy to “Custom”. A menu will appear. Use these values:
Order Quantity: 2
TIF: GTC (Good Til Cancelled)
Parameter Type: Ticks
Target 1: Quantity 1, Stop Loss 6, Profit 12, Stop Strategy None
Click “add” below the first target…
Target 2: Quantity 1, Stop Loss 6, Profit 14, Stop Strategy None
Save as Template: Main Strategy
Click OK to exit. Be sure Main Strategy is now selected on your SuperDOM.

FUTURES CHARTS:
512 Tick Chart
Click “New” on the menu bar. Click Chart. A menu will popup. Use these values:
Instrument: ES (Latest Contract)
Click search, select ES, and then “add”
Price Based On: Last
Type: Heiken Ashi
Based Period Type: Tick
Based Period Value: 512
Load Data Based On: Days
Days To Load: 3
End Date: “current date”
Trading Hours: “Use Instrument Settings”
Break at End of Day: Checked
Chart Style: Candlestick
Bar Width: 2
Candle Body Outline: DimGray Solid, 1px
Candle Wick: DimGray Solid, 1px
Color For Up Bars: DarkGreen
Plot Executions (Down at Bottom): “Markers Only”
The rest can be left unchanged, or modified for your preference.
Click “Apply”, then “OK”:
***Important*** Look at the top of the chart and find the little icon for “Chart Trader”. Click on it and select “Chart Trader (Hidden)”

15 Minute Chart
Click the “+” Plus button at the bottom of your 512 Tick Chart we just created. This will open up another Chart Creation Dialogue Box like the one we just did. Use the same settings as the last chart…except for:
Type: Minute
Value: 15
Click “Ok”
“Chart Trader” is not necessary for this chart as we will only be trading from the 512 Tick Chart.

INDICATORS
Click on your 512 Tick Chart using the tabs at the bottom of the chart. Right click on the chart and select “Indicators” . This will bring up the Indicators Dialogue Box. Search for VOL, select and hit “add”. Hit “OK” and you’re done. That’s all we need. Keep it SIMPLE. You can also do the same to the 15 minute chart.

You are now ready to join us in theLIVE trade room. We look forward to learning with you! Please let me know if I’m forgetting anything in the info above! EminiStreamer@gmail.com

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