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My Trading Journal: just a few trades a day


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My Trading Journal: just a few trades a day

  #161 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
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+$500 I traded the small pullback going down. I am trying to focus more on the current action rather than looking at the past too much.

I started trading in 1989 looking at paper charts and with tradestation 2000i products somewhere back then. I traded Forex around 1999 and enjoyed the idea with the low cost to entry. Over the past few years, I continued to try futures with different methods. I settled on going back to simpler price action trading. This type of trading fits my personality. The last two years have worked out fairly well but I have a few things to improve.





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  #162 (permalink)
 planetkill 
New York City + NY/United States
 
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Doesn't look like 8 ticks in this screenshot. What made you close out early?
jpygbp View Post
+$500 I traded the small pullback going down. I am trying to focus more on the current action rather than looking at the past too much.

I started trading in 1989 looking at paper charts and with tradestation 2000i products somewhere back then. I traded Forex around 1999 and enjoyed the idea with the low cost to entry. Over the past few years, I continued to try futures with different methods. I settled on going back to simpler price action trading. This type of trading fits my personality. The last two years have worked out fairly well but I have a few things to improve.






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  #163 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146


I still had my ATM on 4 ticks and did not change it in time. I will take what I can get most of the time but 8 ticks is still a nice target for my r:r. There are a few days when I even had the account set to sim and I had to change everything and do another few trades live. It is easy to lose focus in trading if we are not careful.

On this trade, I was already at $2500 from Sunday evening, so $500 was acceptable to finish the day as the broker adds the evening to the overall trading day.

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  #164 (permalink)
 
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 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

I am thinking of adding reversals to my trading method rather than a stop loss. After I try a few of these in demo and live, I will post the results.

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  #165 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

+$1000 with 8 ticks. If I have a small trend on a lower time frame and the larger time frame is in congruence, I will take the trend trade at the retrace to the trend line. The last low structure was 12 ticks away on the larger chart time frame. My stop or reverse would have been in that area.




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  #166 (permalink)
 
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 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

+$3500 so far for the day. The trends are following through with moderate pullbacks.




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  #167 (permalink)
 
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 Big Mike 
Manta, Ecuador
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How much AUM? Never a losing day, this time next year you should be king of the world.

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  #168 (permalink)
 Miesto 
Monte Carlo, Monaco
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jpygbp View Post
June profit: on Jigsaw Leaderboard. The numbers for this month are looking good so far. I try to make some profit each day.

Capture2


You wrote ( post #110) you try to post a winning - or what you called a typical - trade from each day into the journal. I think there's more to learn from the losers.

Taking those small 1-2 points winners and letting losers run may give a high win-rate but just a couple of losers will wipe out all gains and more.

How much was the total $$ loss on these 7 losers? Why not post these? Would be interesting.

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  #169 (permalink)
 
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 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

Of course, not all my trades are winners. I will post some comments on some of those losing trades. Typically, for instance if the market turns, I have a mental stop and a physical stop much higher. If it is a slow time of the day and the market is ranging back and forth, I may scale in at a loss to average out the losing trade. At that point, I will take any profit to get out of the bad trade pair and go onto the next one.

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