Just one trade again today:

Got a signal off of a lower pivot high with a very short target to the green line on the chart at 11181. First target was hit relatively quickly, price got near the target and started to bounce back so I exited early again. Grade 4 for profitable trade but different exit than target. Starting the week off right, though.

Nice setup at about 7:15AM Pacific, had been goofing around with my chart last night, not realizing the ATM strategy was not set correctly. Placed the trade, was 1 contract, no target, no stop preset, so I bailed early picking up 8 ticks. Then the market continued to skyrocket! Anyway, grade 4 for profitable trade but exit before target. Grade 'F' on prep though!

Was trying to setup thinkorswim papermoney for some short-mid term swing plays, saw an opportunity forming to short the YM after missing the first leg down after the LH formed around noon with the closing of the bond market. There was a second setup about 12:15 but I didn't like the pullback cycle as it seemed to short so I didn't take the trade. Was thinking I was done for the day so I popped open TOS. Anway, price action had bounced off Yesterday's High pulled back and started moving down again. I thought there might be achance to break it so I caught the short at about 12:42 with 3 contracts adjusted the first target to Yesterday's high, about 7 ticks away, got that quickly, then noticed the matrix price didn't match the chart price on TOS, so I bailed. I'm not sure if there was a delay or what, but after checking the trade blotter, it matched the price action I was seeing in Ninja, so.... I ended up with 25 ticks! Overall, I got 33 tickes, less 4 in commission, so 29 net, or $145, and $250 for the week so far. Got to keep it up!

Grade 4 points, profitable but different exit than 2nd target (even though TOS seemed wonky).

I seem to have developed a love/hate relationship with Fed Announcements and today was a 'hate' day so I decided not to trade. Mornings can be extremely slow or as of recently have good price action; after announcement is generally extremely volatile. I've done pretty well at times, but other times gotten clobbered, so overall for me the risk isn't worth it. I watched the morning session for a bit then just backed away (not wanting to feel compelled to trade). Overall, I feel pretty good about my decision because there will be good setups tomorrow or Friday or Monday, etc.

Entered trade on a HL signal right at S2, trade started off very well, almost hit first target a couple of times then pulled back with heavy red on the jtrealstats volume reading, along with fast market which spooked me out of trade. Took 10 ticks, net 8, then market took off! I do tend to do this when the price action teases around my first target without getting hit. Grade 4 for the setup, profitable trade but different than target.

I went long YM at almost exactly the same time. Nice work with your journal here. Keep it up.

BTW, love Mojojojo. Brings back memories of watching Powerpuff Girls with my daughter!

AttitudeTrader 

I went long YM at almost exactly the same time. Nice work with your journal here. Keep it up. BTW, love Mojojojo. Brings back memories of watching Powerpuff Girls with my daughter!

Thanks! That's exactly the same for me too, use to watch with my daughter when she was younger! Used to do the voice for her too!