NexusFi: Find Your Edge


Home Menu

 





Mike Sullivan Trading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one msull35706 with 183 posts (194 thanks)
    2. looks_two avall38486 with 15 posts (2 thanks)
    3. looks_3 Jester with 13 posts (12 thanks)
    4. looks_4 Daytrader999 with 6 posts (2 thanks)
      Best Posters
    1. looks_one msull35706 with 1.1 thanks per post
    2. looks_two Jester with 0.9 thanks per post
    3. looks_3 Daytrader999 with 0.3 thanks per post
    4. looks_4 avall38486 with 0.1 thanks per post
    1. trending_up 58,413 views
    2. thumb_up 219 thanks given
    3. group 46 followers
    1. forum 277 posts
    2. attach_file 347 attachments




 
Search this Thread

Mike Sullivan Trading Journal

  #61 (permalink)
 
petep1234's Avatar
 petep1234 
Houston TX USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: TF, CL
Posts: 53 since May 2013
Thanks Given: 291
Thanks Received: 302

Mike,
Interesting thread

I made a somewhat replicable version of Right Line Trading (I'll call it Wrong Line Trading )
Using a 15 period ALMA ( arnaud legoux moving average) and 50 period WMA. (I use Sierra Charts)

I see the 3LB trade you took and my thoughts is that had you stayed the course, you would not have entered the second trade but rather fulfilled the objective on the 3LB and on 3 contracts made 34 Ticks.

Just food for thought

Attached Thumbnails
Click image for larger version

Name:	CL 8 Range Dec 9.png
Views:	307
Size:	44.3 KB
ID:	130748  
Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Tao te Trade: way of the WLD
24 thanks
GFIs1 1 DAX trade per day journal
16 thanks
My NQ Trading Journal
14 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
13 thanks
  #62 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


petep1234 View Post
Mike,
Interesting thread

I made a somewhat replicable version of Right Line Trading (I'll call it Wrong Line Trading )
Using a 15 period ALMA ( arnaud legoux moving average) and 50 period WMA. (I use Sierra Charts)

I see the 3LB trade you took and my thoughts is that had you stayed the course, you would not have entered the second trade but rather fulfilled the objective on the 3LB and on 3 contracts made 34 Ticks.

Just food for thought

PeTep

Nice.. WLT reference....
The 3LB trade was 1 candle later than you posted entry.
The 3LB must have 2/3rds penetration thru the 50MA, hence the second outlined candle. The would have stopped me out for sure by a tix or two.

2nd trade i received a 1 tix slip and when it was coming back against me, I just got annoyed and stopped myself out.

Since the NY Exhg was closed due to weather, which I wasn't aware of, made trading today dull and tough.

Will be back at it tomorrow!!!

Thx for your input and keep it coming.

Much appreciated.

Mike S.

Started this thread Reply With Quote
Thanked by:
  #63 (permalink)
 
petep1234's Avatar
 petep1234 
Houston TX USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: TF, CL
Posts: 53 since May 2013
Thanks Given: 291
Thanks Received: 302


WLT, I like it

I assumed you entered on the close of C Bar was my thoughts.

Was there a reason you didnt enter earlier on the downmove, momentum or did the criteria say NO?

-pete

Reply With Quote
  #64 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


petep1234 View Post
WLT, I like it

I assumed you entered on the close of C Bar was my thoughts.

Was there a reason you didnt enter earlier on the downmove, momentum or did the criteria say NO?

-pete

Pete

I got consumed in the outlined bar which signifies a 3LineBreak candle entry.
Just need a candle that clears the 50MA by 2/3rds. So I waited for the next candle.
Yes, had I entered on prior / ABC would have been able to ride it out...

The price action was extremely slow and dull...
Not making excuses but should have known better to shut down after staring at screen for 2.5hrs and no qualified trades...

Mike S.

Started this thread Reply With Quote
  #65 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,316


msull35706 View Post
Hey, live to trade another day!!!

How you do today?

Keep posting charts on your thread and/or here...

BDT has alot of similarities in my opinion and we can help other traders visiting both our threads..

my .03cents...

Mike S

Hey Mike,

yep, you're right ! I ALWAYS live to trade another day.

Got quite late back home from work yesterday, so due to lack of concentration I consequently didn't trade according to my plan.

Since I'm still at work right now, I couldn't resist looking into my VPS and just took a trade in NQ with BDT...
It was a standard second entry on the second leg of the uptrend, and I took my 3 points using a 10 tick stop.
...Too bad I missed the first move, but as I already mentioned I'm still working on my dayjob...

So, since you recently suggested posting a chart, here you go...



"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
Thanked by:
  #66 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,316

@msull35706:

Mike, here's my second NQ trade for today...and although it was kind of risky because it was counter-trend, the trade played out fairly well and quite fast without giving me too much of heat.

BTW, only for comparison, I would appreciate if you could provide an RLT chart of today's NQ session as well since it's not my intention to your journal but to compare two (similar) systems...



"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
  #67 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


Daytrader999 View Post
@msull35706:

Mike, here's my second NQ trade for today...and although it was kind of risky because it was counter-trend, the trade played out fairly well and quite fast without giving me too much of heat.

BTW, only for comparison, I would appreciate if you could provide an RLT chart of today's NQ session as well since it's not my intention to your journal but to compare two (similar) systems...



Great Chart DT

No Trades for me today for there was issues with my T4 trading DOM so today ended up a NON event...

No worries on the Hijacking part for I do see a few parallels between the 2 systems.

Will post a NQ RLT chart soon for today's action...

Mike S.

Started this thread Reply With Quote
  #68 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Took 2 ABC engulfing trades today with only 6tix target on 2 contracts ea.
With inventory report due out today price action can be tricky.
Prices were gravitating between 10tix SR areas I made on chart with assistance of the Pivot Indy
of Right Line...

Not greedy...

Mike S.

Attached Thumbnails
Click image for larger version

Name:	CL_121113_1.PNG
Views:	244
Size:	179.2 KB
ID:	130881   Click image for larger version

Name:	CL_121113_Summary.PNG
Views:	188
Size:	64.2 KB
ID:	130882   Click image for larger version

Name:	CL_121113_FilledOrders.PNG
Views:	179
Size:	36.9 KB
ID:	130884   Click image for larger version

Name:	CL_121113_TST_Summary.PNG
Views:	180
Size:	43.9 KB
ID:	130974  
Started this thread Reply With Quote
Thanked by:
  #69 (permalink)
 Jester 
Manassas, VA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrader Brokerage/Continuum
Trading: ES
Posts: 36 since Nov 2010
Thanks Given: 14
Thanks Received: 29

12 ticks is a great way to start the day. You hit it right on the nose, get to first target don't be greedy and everything else is gravy :-)

Sent from my SCH-I535 using Tapatalk

Reply With Quote
Thanked by:
  #70 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


No trades today

Started this thread Reply With Quote




Last Updated on June 1, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts