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BRETT'S NAKED IN IOWA JOURNAL


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BRETT'S NAKED IN IOWA JOURNAL

  #1 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

This is my attempt at a trade journal.

My method is based on market structure and price action. I trade using only a range bar and 50ema.

I will trade the ES with a 5 range bar and 2 contracts. I will trade Eur/Usd with a 8 range bar and 20,000K to start.

Trades
I will take continuation with pull backs of 1/3 to 2/3 of last action move with structural bias.

The second is a retest of an inside bid zone or retest of inside offer zone with structural bias.

The last is a retest failure of a confirmed marco bid zone or offer zone.

Entry is 2 consecutive up or down range bars in these zones with a stop above or below the first bar.

Exits
I will be scaling out, 1st target will be at the first structural target of the action move and second will be at a major structual target or full volatility.

Max daily lost 100.00 euro and 500.00 ES

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  #3 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333


Here is my morning prep, I prep the market everyday before trading to get a feel for the day.

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  #4 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

I follwed my morning Prep on both Trades
I had 2 ok trades on the euro for 54 pips.
I had 1 trade this morning on the ES for 8 pts.
I traded from CST 6:30 to 11:00 most days.

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  #5 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

Here is my morning prep for wednesday April 13th.

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  #6 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

I had a meeting this morning that was schuduled to take a 1/2 hour and ended up taking 2 hours. I had the ES prepped pretty well, but when I got done with my meeting, I couldn't get in the groove. So no trades today. I also did not prep the euro for a down move and missed those trades also. I need to prep both scenarios. I did have a euro trade in the Asian session which wasn't too bad. +26 pips

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  #7 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

This is my morning prep for Thurday April 14th

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  #8 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

I had a good read on the maket today, I followed prep and it paid.
Eur/Usd + 82 pips
ES 8.5 pts

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  #9 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333

Running late today, I had to take the kids to day care. Prep April 15th 2010

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  #10 (permalink)
 
brettwilson69's Avatar
 brettwilson69 
Iowa City, Iowa
 
Experience: Advanced
Platform: ninja Trader
Broker: Velocity/TT
Trading: es, eur/usd,6E
Posts: 244 since Sep 2010
Thanks Given: 24
Thanks Received: 333


I had a late start, I made one lower odds trade and jumped the gun on the second trade in Eur/Usd. I need to wait for my setup bars and I don't need to take lower odds trades just because I missed some good trades earlier. I did manage be profitable in the ES. I had a good read on the ES and Eur/Usd all week.
Results today ES +5 Pts and Eur/USD -46 pips

Results for week ES + 22 pts. 6 wins 1 breakeven 1 loss Eur/Usd 114 pips 5 winners 2 losers

I'll post my spread sheets after 20 trades.

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