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Would love some feedback on my trades


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Would love some feedback on my trades

  #11 (permalink)
scrivna
Vancouver
 
Posts: 5 since Apr 2019
Thanks Given: 1
Thanks Received: 7

@tpredictor - thanks for your comment, yes 8 trades today, similar results in the past though, today was pretty indicative of how I usually end up. Yes those grey boxes were drawn on the whole time, I struggle to have confidence in when they will hold and when they will break, what to do when price slightly overshoots etc.
Would you mind elaorating on what you mean by "3. Your trades look too evenly distributed in time."


Brandenton View Post
My attempt to give you some feedback. Now granted, everyone has a different trading method/system. How I would have traded this is in the picture. Any questions about what I put, let me know.

Thanks @Brandenton, really appreciate you taking the time! So the first 2 trades I guess were just unlucky, I did the "right" thing but it wasn't meant to be.
The switch to short was was definitely conscious and I had the lower 2876 zone in mind as a target (high volume node), so I was trying to time a pullback, my timing is clearly off as well as not giving the trade enough space, I entered too early, and you're totally right, the stops should have been behind the swings, I guess in an effort to keep my stop small I'm trying to time it perfectly and well... that's a hard game to play eh.
Yeah I agree those 2 buys at the end of the day were hopeful bottom-picking where I thought maybe it would reverse from there, I should stick to selling pullbacks rather than buying a falling market until something has proven a change, like a HH+HL, thanks!

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  #12 (permalink)
 
Brandenton's Avatar
 Brandenton 
Virginia Beach, VA
 
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scrivna View Post
@tpredictor - thanks for your comment, yes 8 trades today, similar results in the past though, today was pretty indicative of how I usually end up. Yes those grey boxes were drawn on the whole time, I struggle to have confidence in when they will hold and when they will break, what to do when price slightly overshoots etc.
Would you mind elaorating on what you mean by "3. Your trades look too evenly distributed in time."



Thanks @Brandenton, really appreciate you taking the time! So the first 2 trades I guess were just unlucky, I did the "right" thing but it wasn't meant to be.
The switch to short was was definitely conscious and I had the lower 2876 zone in mind as a target (high volume node), so I was trying to time a pullback, my timing is clearly off as well as not giving the trade enough space, I entered too early, and you're totally right, the stops should have been behind the swings, I guess in an effort to keep my stop small I'm trying to time it perfectly and well... that's a hard game to play eh.
Yeah I agree those 2 buys at the end of the day were hopeful bottom-picking where I thought maybe it would reverse from there, I should stick to selling pullbacks rather than buying a falling market until something has proven a change, like a HH+HL, thanks!

More often then not, price will continue in the trending direction. Don’t “think” the market is going to reverse, have something confirm it for you. It will save you some $$$ in the long run. Best of luck in your trading venture.

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  #13 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
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scrivna View Post
Hi guys,
..

Any feedback appreciated, to be honest I don't know what I'm hoping to receive, I'm just so lost, I'm reaching out to try and find something! Thanks

cash chart 1m is very noisy I guess that is why you draw s/r zones instead of lines. But if you insist on it, considering 5m interval, draw S/R line from candle body instead from high and low, wick and tail is noise in this case. Train yourself in patience and discipline by taking just 1 trade a day until you being consistently profitable

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  #14 (permalink)
 
TraderTS's Avatar
 TraderTS 
Texas, USA
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: AMP Futures w/ CQG Data Feed
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
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This is a major Monthly (as well as usual Weekly) Option Expiration week... therefore, my "attack" plan to trade "Drama Queen" as outlined below:

Op-Ex Key Levels 2810>2890<2950

MON 5/13
Chart#1 ES 60M OpEx T2810 hit + failed BD to T127%2789 from 50%S2894 Thus, go4retest of @2890 OpExMeanLine
Chart#2 MES 10M failed BD = goLong2reTest @2893 LIS.LineInTheSand

WED&THU 5/15-16
Chart#3 MES 10M
1. AB=CD (redTriangle 2899.50-2854-2815 formed after WED's LOW) Target hit THU near HOD
2. RSI=OB + Fibs[2815-2860]pullback38%L2842 T162%2888 hit
@2840.75 BO point reTested in Asia session; then Euro session retested again and held up
@2860.00 YH retested and held up in NY session that created "Short Squeezes"

Chart#4 ES 60M Fibs Reversion @2890 hit = Mission accomplished!

FRI 5/17?
Wild Swing = Anything goes! Don't forget... it's Full Moon as well.

IMHO, you should use Micro MES to learn how to Swing with WIDER stop loss for BIGGER target(s).
In addition, learn Measured Move Series with Fibonacci Retracement & Extension, as well as AB=CD patterns.

Enjoy!


Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
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  #15 (permalink)
scrivna
Vancouver
 
Posts: 5 since Apr 2019
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cory View Post
cash chart 1m is very noisy I guess that is why you draw s/r zones instead of lines. But if you insist on it, considering 5m interval, draw S/R line from candle body instead from high and low, wick and tail is noise in this case. Train yourself in patience and discipline by taking just 1 trade a day until you being consistently profitable

Thanks @cory! That's an interesting point you make and a great example of a S/R line, coming from trading forex, it's amazing to me how well the indices work with technical levels like this!
I try to use the 3m or 5m to give me perspective on what's a "real" level, it's very easy to get caught up in 1 minute levels - Maybe that's possibly why I end up entering on retraces too soon, FOMO on the next move.

Thanks again!

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  #16 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
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scrivna View Post
Thanks That's an interesting point you make and a great example of a S/R line, coming from trading forex, it's amazing to me how well the indices work with technical levels like this!
I try to use the 3m or 5m to give me perspective on what's a "real" level, it's very easy to get caught up in 1 minute levels - Maybe that's possibly why I end up entering on retraces too soon, FOMO on the next move.

Thanks again!

>it's amazing to me how well the indices work with technical levels like this!
it's great to point to a history chart and point out the obvious S/R line but whether or not you believe it will happen again in the future is what matters. And it takes time (lots of time) to build your believe there is just no short cut around it.

>entering on retraces too soon, FOMO on the next move.
google All Fears Are the Same Fear. FOMO is really just a manifestation of not knowing what a winning trade looks like. Train yourself to be patience to wait for the right setup will fix the problem.

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  #17 (permalink)
 
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 snax 
Chicago, IL
Legendary Price Action Student
 
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Platform: Sierra Chart
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Trading: MES
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cory View Post
>it's amazing to me how well the indices work with technical levels like this!
it's great to point to a history chart and point out the obvious S/R line but whether or not you believe it will happen again in the future is what matters. And it takes time (lots of time) to build your believe there is just no short cut around it.

>entering on retraces too soon, FOMO on the next move.
google All Fears Are the Same Fear. FOMO is really just a manifestation of not knowing what a winning trade looks like. Train yourself to be patience to wait for the right setup will fix the problem.

This is very true, I am experiencing this. Sim gets your foot in the door so you have a point of reference of how trading should feel in the future, but you really do start over at the beginning once live. When live, when you see the price-action that treated you so well in sim, can you enter the trade as fearlessly and quickly? Once entered, do you believe with the same conviction you had when you were feeling bold 30 seconds ago? The easy trades in sim will fight you every tick once live. It really is re-learning and re-affirming, adapting and growing. All fears are the same fear indeed.

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  #18 (permalink)
 
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 snax 
Chicago, IL
Legendary Price Action Student
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
Posts: 2,171 since Feb 2019
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Thanks Received: 9,627


TraderTS View Post
This is a major Monthly (as well as usual Weekly) Option Expiration week... therefore, my "attack" plan to trade "Drama Queen" as outlined below:

Op-Ex Key Levels 2810>2890<2950

MON 5/14
Chart#1 ES 60M OpEx T2810 hit + failed BD to T127%2789 from 50%S2894 Thus, go4retest of @2890 OpExMeanLine
Chart#2 MES 10M failed BD = goLong2reTest @2893 LIS.LineInTheSand

WED&THU 5/14-15
Chart#3 MES 10M
1. AB=CD (redTriangle 2899.50-2854-2815 formed after WED's LOW) Target hit THU near HOD
2. RSI=OB + Fibs[2815-2860]pullback38%L2842 T162%2888 hit
@2840.75 BO point reTested in Asia session; then Euro session retested again and held up
@2860.00 YH retested and held up in NY session that created "Short Squeezes"

Chart#4 ES 60M Fibs Reversion @2890 hit = Mission accomplished!

FRI 5/17?
Wild Swing = Anything goes! Don't forget... it's Full Moon as well.
IMHO, you should use Micro MES to learn how to Swing with WIDER stop loss for BIGGER target(s).

Enjoy!

Your homework and charts are always fascinating to me. It will take me some time to understand but it is great work! On the charts you posted, what do the colored vertical lines represent?

I like your advice to swing for bigger targets, that is a longer-term goal.

cheers!

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  #19 (permalink)
 
snax's Avatar
 snax 
Chicago, IL
Legendary Price Action Student
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
Posts: 2,171 since Feb 2019
Thanks Given: 9,617
Thanks Received: 9,627

@scrivna you will get lots of great advice in this forum!

Many of the people posting in this thread have and continue to help me tremendously too. I am a beginner so only advice I will give is never give up and track as much as you can so you don't forget the good or the bad. When you get frustrated you will probably find a piece of the puzzle here, or if not at least some inspiration to reset and get back at it!

Cheers and have a great weekend!

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  #20 (permalink)
 
TraderTS's Avatar
 TraderTS 
Texas, USA
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: AMP Futures w/ CQG Data Feed
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389



snax View Post
Your homework and charts are always fascinating to me. It will take me some time to understand but it is great work! On the charts you posted, what do the colored vertical lines represent?

I like your advice to swing for bigger targets, that is a longer-term goal.

cheers!

The wonderful "RepeaterV2.1" Indicator for Repeated Time Region that I downloaded from FIO Indicator Section for NT8 (needed to be Elite Member).
"At-a-glance" price action for each session is a big plus for my trading... if there isn't a big move or any setups, then I just go back to sleep or nap.

https://www.screencast.com/t/ckWnvNLHsNp

Ah, if you are about to ask: "What the heck is MOC?"
Check out this link that I documented in my journal...


Enjoy!


Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
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