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JT Day trading journal


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JT Day trading journal

  #11 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

Good evening
Now is tuesday evening and i look back on result of two trading days. Result NOT good.
1. First about result :
Monday:
CL- (-77$)
NQ- 205$
Tuesday:
СL- (-186$)
NQ- (-320$)

Total: (-378$)

This is short post about two days (bigger post about result will be at weekend) and now only about two main fail of this days.

2. Two main my FAIL



Description: One of the often mistakes it trade same situation not from PRE Market plan.



Description: At pre market plan im prepare same area for long and short but price based on statistic data fail down. Im start buy and thinking what price on UP trend go to close gap and dont see what market show me!!!

Summary
REMEMBER THIS RULE!!!:
1. Don`t trade if you are not look instrument in pre market period and don`t prepare this trade
2. Don`t trade first 15 min on Index
3. After first fail trade do 5-10 min pause!
4. Wait pattern from PlayBook!

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  #12 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

Good morning ALL
Yesterday was very interest and good day for trading. But im do several stupid mistakes and have day loss. Ok, today wil be next trading day and i hope it will be more postive day) Before pre market idea i will add same comment for my future post market journal and im add two trading statistic for each day:
- win ratio (>55%)
- Risk/Reward (>1,4)
Basicaly this is minimum what i want for my trading days)

PRE MARKET PLAN



Description:Main thing what yesterday was very big negative delta then avarage, BUT price was in range in main US session.

Scenario1: Price PB to yesterday VPOC area and find same buyers (with positive delta) and go UP.
Scenario2: Price slowly, without any powerful sellers go down and do new low from yesterday after price stop and go back to yesterday range.
Scenario3: Same like SCN2 but don`t find same buyers in support area or on new low will be strong sellers.

Nice trading to everyone!

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  #13 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255


Need update fromat and do post market for previous day and pre market in one journal post

Post market 16/05/18

Pre market idea: My two main idea based on PB to same support area. But price go up without any PB.

Trading result:
PNL: (-319$)
Total trades: 5
Win ratio: 40%
Risk/reward: 0,36

Result: Is very very poor trading day. Main problem of this day with Risk/Reward.



Description:
- Two first trades after opening market was be on 50/50 becouse it was not same strong signal or situation from my PlayBook.
- About next 3 trades. Last trade was exactly good and it my PlayBook pattern based on strong opening market.
About 3 and 4 trade this is was trade becouse i think they can go without me and im worry about it.

VWAP+Delta support pattern:



Result: Wait wait signal and look what market talk to me.

Pre market plan 17/05



Description: Main two idea based on yesterday strong buyers day and today NQ go down on ON session BUT delta enough positive.

Scenario1: With out any PB market use this GAP down situation and start buy! Main idea for this scenario this is ON VPOC 6912.
Scenario2: Based on PB yesterday low area and find same buyers here. Wait signal with strong postive delta.
Scenario3 Short scenario. Based on PB to VWAP and VPOC area today and looking strong limit sellers in this area.

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  #14 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

Yesterday was a good reverse situation
Im very often see same situation but not was clear what exactly i must wait and now im add this pattern to my PlayBook

Reverse pattern"Step-by-step"



Description: For long side it must be negative delta and this is delta must be more then avarage

This is pattern in move:



Algoritm:




Rulle for pattern:
1. It must be new session high/low.
2. Previus candle looks like seller/buyer culmination;
3. In reverse candle must be minimum 2 HOLD place with delta bigger then avarage;
4. Reverse candle must close upper 1/3 under hold area;

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  #15 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

During few days of my public traing journal im find same good format for reading and self control And now this 1 post format about yesterday and pre market plan for today.

Trading result 17/05/18 - FAIL
PNL - (-622$)
Win ratio: 0%
Risk/Reward: 0,76
Total trades: 5
Play book trades: 0



Description: It was fail day becouse im broke my risk parametr of day loss not more 550$. And one of the main problem i dont wait same setup from PlayBook (add in my day statistic).

Summary:
1. Dont trade like a hero (first two my trades)
2. WAIT same good setup or stay away from market!

PRE MARKET PLAN 18/05/18




Description: Today main scenario it short scenario. Becouse week was very poor and today i think no body want switch on "BUY ALL")
Scenario1: Same small PB to high and find same strong seller or strong limit players
Scenario2: Price slowly slowly go up until yesterday VWAP area and find same resistance in VPOC week area around 6910.
Scenario3: It choppy sideway day around 6870-6900.

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  #16 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

First info about my Friday trading day.

Pre market result
Market was in side way direction during US session. Like my scenario3 but with low volatility.

Trading result
PnL: 37$
Win ratio: 38%
Risk/reward: 1,76
Total trades: 8
Play book trades: 2



Description:
1. My first two trades was not with strong signal. Yes, it was test, BUT on test no was strong seller. And next things price was near VWAP and what price came back to this area was strong (Check scenario for moving)
2. Third trade was, with good idea but with bad place. 9$ it risk not in my Risk Managment.
3. Three trades was not good. It not stupid trades, but not smart trades.
4. Last trade was best from all my trading days for last week. It was in good place and time!! ALL trades must be like it!

Summary:
Market condition is very good now for my trading style. All pre market plan was working nice. Also approximatly 80% of my trades can give me good result BUT im do few big fail and at the end take LOSS.
Main things about error:
1. Trading must be based on pattern and situation which i now very well. !DON`T TRADE WHAT YOU THINK, TRADE WHAT YOU SEE.
2. Control each trade on Play Book trade.
3. Trade instrument only from pre market plan
4. Don`t trade Index first 15 min of US session and dont trade globex session with out 2x strong signal.

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  #17 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

My view on NQ don`t change from previus week.
This week was PB to potential support area.



Description:
In previus week NQ broke triangle on day chart and organize potential support. On this week we see power VOL area around 6870-6900. And big negative delta.
Few scenario for next week.
1. Price go down to my support area and after breakout week low with power volume. I think if market look positive we must see power positive delta in support area.
2. From monday price go up and hold 6900. And 6900 must be strong support. It also will be Long signal
3. Negative scenario. Price do new low and broke my support area. It bad scenario becouse we can see sideway days.

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  #18 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

Hello,
My pre market plan will be based on weekly idea.



Description: "Trade war on hold with China" and market open with gap. And now price hold under 6900 it means for me strong strong buy

Scenario1: With out any PB price go higher. Important area for finding long signal around today VWAP and 6950.
Scenario2: Best scenario for me. It wil be great if we will see new day low. And after GO GO UP.

No short scenario for today.

Result of trading day

1. My pre market plan can be accept or can be not accept. Main idea was on Long trades and i do it BUT price can`t go upper 6950.



Description: Classical day for neutral day with new high-new low and close around middle.

Trading statistic
PNL: (-59$)
Win rate: 60%
Risk/Reward: 0,56
Total trades: 5
Play book trades: 3



Description: May be it not good day in money BUT it was very good day for knowlege same type of market and also my trades was good. And also im add on my screen ES chart for understanding same power of NQ.

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  #19 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255

It will be interest day
Yesterday after big gap on opening market. In US session we are don`t see same power of positive and price fall down to close this gap. It was nice neutral with big range day.

Today my Pre Market plan



Description: Main area 6950 if price broke and hold on enough volume it good for scenario1.

Scenario1: I don`t think what maket can broke 6950 at first 30 min after market open. They do same PB to yesterday VPOC area or around close. And after find same strong buyers and go UP and try broke this level.

Scenario2: Baseed on idea what market can`t broke 6950 on opening. And if price go up i will be find same setup to short.

Main idea for today: Continue wait pattern from PlayBook.


Post market comment

Pre market view:
It was like in book. Scenario2 was completly done! Nice!



Description: It was in my day scenario day: "Revers-negative"

One things about looking NQ and ES together it nice example what can be do.



Trading statistic
PNL: 210$
Win rate: 50%
Risk/Reward: 1,73
Total trades: 4
Play book trades: 1



Description:
- First two trades was very very stupid!! Don`t trade first 15 min without strong ONLY "Sell off" or "Buy all" pattern.
- Third trade was good enterence but may be not good exit. But it my risk managment rule!
- Last trade no comment.

"Sell off" pattern



Rule for pattern:
1. Delta must be 2-3x more then avarage;
2. Candle must close above sell off momentum;
3. It must be not looks like buyers try stop price)
4. If during 5 min candle we have more then one sell off moment it great!

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  #20 (permalink)
 
jonnytrade's Avatar
 jonnytrade 
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
Posts: 434 since Apr 2016
Thanks Given: 53
Thanks Received: 255


Yesterday was good day! Try do better my job!!

Major economic relize today:
17-30: Crude Oil inventories
21:00 FOMC Minute mitting;

Pre market plan



Description: Main things today it FOMC meeting, it can chage all previus move and rule on market. In this way im not wait same strong move today. I think it will be same side way move with not too high volatility.

Scenario1: Price tested yeterday low area and VAL area of previus week and continue go down.
Scenario2: On opening we will see sell off move to 6770-6800 and after came back (may be after FOMC) to my support area.
Sceario3. It like scenario2 but after FOMC price continue go down.

Mission for today: Do "One good trade"

Post market view

Result of Pre market plan:
I`m wait same side way scenario before FOMC minute. BUT it was strong opening and strong buyers control full day after two very poor day for buyers. I don`t belive him in my support area.



Description: It was strong strong buyers day. It was day pattern "V".

Trading result:
PNL: (-322$)
Win ratio: 0%
Risk/reward:1,02



Description: Not good trades
First trade was nice but i don`t belive at him and close. Why? Stupid mistake.
Next two trades was really stupid. Becouse i see what market is strong and NQ stronger then ES.

Summery:
Add same rules :
1. If first 1-2 hours NQ stronger then ES. NO SHORT POSITION!
2. Strong opening also not good idea for short trade

Day mission: Fail

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Last Updated on December 24, 2018


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