My Trading Journey at times has been a rudderless ship in the middle of the ocean. Jumping from indicator to indicator. Strategy to strategy, trading Guru after trading Guru. All the while avoiding risk and accountability.
I am starting this trading journal, to make my journey of focusing on the Russell 2000 index public. I have traded (mostly failed) every possible futures contract. I realized focusing on 1 contract is very important. For me that is the Russell 2000 Index RTY.
I am a short-term discretionary day trader. I utilize, 15 Second Tick Index and RTY Line Chart, 2 Minute RTY Candle Chart and 5 Minute RTY Candle Chart.
Indicators:
10 SMA
ATR
Fair Value Gaps
Risk:
R Multiple = 5 Ticks
Profit:
3R=15 Ticks
I search for intraday exhaustion and continuation zones, using the Tick Index to help confirm long and short entries into the RTY and keeping my risk consistent.