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 58,017 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

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


avall38486 View Post
Mike, I am no expert or even understand all those numbers you look at. But keep it up. Best of luck.
Amin

Amin

Many thx.

Just trying to update folks on my progress, or in some cases lack there of...

Always open to discuss.

Thank you

Mike S.

Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Exit Strategy
NinjaTrader
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
  #212 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Greetings

1 for 3 today....
Under normal conditions, that would stink!!!
Today I was only down 1 Net tix....

The key for my 2 first losses was I was not in sync with the Volume Clusters on both 12/4 structure chart and the 8/4 chart.

Even though it was not a good day for me, I was still pleased with the fact of correcting bad habits.

Like the other day I took a trade as a 'break out' that totally stopped me out.

So the lessons for me here today is BE IN SYNC WITH THE VCA on both the 12/4 structure chart and the 8/4 OFA trade chart.

Do 't go nuts over too many Decision point lines. Too many will give you trading paralysis.

Mark the settlement and plot +/-10 points from there for targets...

Every day keep learning and being optimistic!!!

Mike S.

Attached Thumbnails
Click image for larger version

Name:	Structure1.PNG
Views:	250
Size:	77.0 KB
ID:	150517   Click image for larger version

Name:	OFA1.PNG
Views:	255
Size:	129.6 KB
ID:	150518  
Started this thread Reply With Quote
Thanked by:
  #213 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


Greetings

2 for 2 today for 7tix.

Original target was at settlement price of 1957.50.
But due to me learning the OFA way and TRUSTNG the flow, I took early scalp profits.
Hey still made a nice sum for day but can do BETTER!!!

Always look to improve.

Was in sync with VCA on both structure charts [ 6/4 and 12/4 ] which helps...

Enjoy your weekend and hit em hard next week!!!

Mike S

Attached Thumbnails
Click image for larger version

Name:	OFA_Trade_Setup1.PNG
Views:	136
Size:	244.1 KB
ID:	150750   Click image for larger version

Name:	OFA_Trade_Setup2.PNG
Views:	152
Size:	235.8 KB
ID:	150751   Click image for larger version

Name:	Structure2.PNG
Views:	242
Size:	94.9 KB
ID:	150752  
Started this thread Reply With Quote
Thanked by:
  #214 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Had to show this setup.
Figures I shutdown prior to this.

Wanted to show setup for learning!!!!!

This is exactly what I'm looking for.
Patience and wait for price to come back to you at your DP area, which was the Settlement price 1957.50

See how the VCA was aligned underneath you for small risk on this trade....

Note to self.....

Burn this image in your mind of what to try to take!!!

Thank you

Mike S.

Attached Thumbnails
Click image for larger version

Name:	OFA_Trade_Setup3.PNG
Views:	189
Size:	262.9 KB
ID:	150753  
Started this thread Reply With Quote
Thanked by:
  #215 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Greetings

2 and done today.
Followed the flow!!!

1st Trade around 9:38am... Buy above Globex hi. Buyers Initiating Trade [BIT] and went long @ 1975 for 4tix

2nd Trade around 9:57am.... Buy above yesterday's Point of Control... Enter 1972.75 for 4tix


Mike S

Attached Thumbnails
Click image for larger version

Name:	OFA1.PNG
Views:	286
Size:	244.9 KB
ID:	150993  
Started this thread Reply With Quote
Thanked by:
  #216 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

Greetings

2 Trade setups and in sync with Volume Cluster Analysis [VCA]

From what I'm finding, a 5tix risk seems like a nice risk level for me while still scalping for 4tix
I feel over time my Consistent Profitability [CP] will be north of 70%

1st Trade: price rising above Globex Hi. VCA shift above DP - Globex hi. Entry @ 1976.50

2nd Trade: price Pullback. VCA shift. Entered when Buyers taking control. Target = Globex Hi, Which hit to the tix. Entry @ 1973.50


Mike S.

Attached Thumbnails
Click image for larger version

Name:	OFA1.PNG
Views:	157
Size:	256.7 KB
ID:	151061  
Started this thread Reply With Quote
Thanked by:
  #217 (permalink)
 willis 
Denver, Colorado
 
Experience: Advanced
Platform: Ninja Trader
Trading: ES
Posts: 2 since Jul 2014
Thanks Given: 0
Thanks Received: 3

I
avall38486 View Post
Mike,
Now this is new. Point and figure, with OFA. But, you are right the support and resistance are very clear. Keep us posted.
Amin

I use PNF with OFA and works VERY well together. OFA vc's marry quite nicely with the pnf patterns Great combo

Willis

Reply With Quote
Thanked by:
  #218 (permalink)
kriedd
spokane, wa
 
Posts: 38 since Jan 2014
Thanks Given: 2
Thanks Received: 13

Hi Mike,

I just wanted to give you a big THANK YOU for sharing your journey with all of us. I think it is a very thoughtful and generous thing to do and I am going to check out Right Line Trading's free trial.

Kristi

Reply With Quote
  #219 (permalink)
kriedd
spokane, wa
 
Posts: 38 since Jan 2014
Thanks Given: 2
Thanks Received: 13

Mike are you following Mark's calls in the trading room? He is up over 30 ticks so far today.

Kristi

Reply With Quote
  #220 (permalink)
OWEN KLEIN
ft erie onrio
 
Posts: 3 since Jul 2012
Thanks Given: 0
Thanks Received: 0



msull35706 View Post
Wanted to post GC trades from Thursday, 2/20/2014...

3 qualified trades, even though there were 2 nice ABC's longs but with RED 50MA couldn't take....

The 3rd trade, which was loser, was in chop area. Patiently waited for Pwr entry into the 15MA.
Didn't matter. In these cases, could have limited loss give the lack of follow thru. Again will continue
to work on qualifying entries an/or limit 10tix loss when trade falls apart...

Mike S

when you entered the trade I don't believe you were in chop. Chop occurred at the close of the next candle
Do you concur?
Thanks

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