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TST Trade Journal


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TST Trade Journal

  #31 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Right now I have the previous 60 minute bar as my stop, but kinda bummed, I've given so much back as I don't know what the market will do even though I'm applying what I've learned from week 2 CTD to stay in this trade.

There was 3 pushes to a low from the 5 minute, could I have used that as an exit or just stick with using swing points as exit levels or the T1 gets filled.

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  #32 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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The Gann Levels and Projections off the 60 along with the 5 and 55 chart that got me into the trade.

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  #33 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Duh!

I could have easily just used a 1:2 R:R ratio for T1 and would have been out of this trade. But its still good to put some of the stuff I've learned into practice holding a trade longer.

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  #34 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Series of inside bars on the 5 minute. What ever side you go, just go in my favour. hahaha

been in this trade over 3 hours, that's a long time by my previous standards.

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  #35 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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75 is swing low, also a 60 minute low. I'm starting to see a pattern here.

This is good stuff for plan development moving forward.

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  #36 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Stopped out @ 12 for 8 ticks. I gave back a lot when I was 3 ticks away from T1. That needs to be addressed.

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  #37 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Upon post trade review, 85 was a swing low on a 5 minute using the 3 bar confirmation method. I did not see it at the time cause I was looking at my P&L fluctuate.

Note going forward, I need to review the 5 minute at ever close and decide what the market is doing within the bigger time frames of 60 and 240.

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  #38 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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back from a 1 hour nap.

lol, this is too funny, here I am trying to figure out what I did that could have been done better, and turns out, week 10 of the course will answer my question, step by step, no need to rush ahead, lol

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  #39 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Here are some lines I've drawn using the 3 bar and 5 bar swing confirmation technique.

magenta is the 3 bar confirmation, yellow is the 5 bar confirmation, showing how different a chart can be based on either method.

I will post the other method which is more confusing, which I will not use but still need to complete the assignment.

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  #40 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
Thanks Given: 2
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If did Method 2 Swing confirmation correct, the chart would look like this.

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Last Updated on August 12, 2013


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