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ok back to the russells, today,(still simmig) this morning,,,,here is a lossing trade,
my thoughts where,small candles
right at 50% fibs
right on lower 1st dev,had rotated back into value the other 2 times..
really believed it would move back up,at least to vwap,,,I guess when trend is more to down side(for day) and the point of control is with vwap,,headed back towards open,I did miss that IB also,,the two ups(rotations) never got close to IB high,,,so look for presure to downside?,only trade in that direction?.i always look for that turn and I am wrong most of time..........might have learned something today?
the other thing I have been trying to develope is playing zones,when i look back,especally on TF today,,, I would do better with out the indicators,,so I while playTF tommorrow,,and try playing just the #s
I found out that I've gone back into my old habits, and started pushing buttons again. Next week I will say goodbye to the TF, which I would love to get revenge on,ha,and even though I know it pretty good . I will go back to the S&P, and try to master a couple of trading systems I have somewhat learned. Unless I go to the micros, I know the S&P is the only market I can afford, and I have gotten where I really like it. It's probably the most technical market out there, I know it's a little hard to trade, partly because of the quarter points, and you have to be right or big-money will hammer you.
So see ya'll Monday and ,Thanks to all for the advice and encouragement. JRS
Try and keep up with this trading Journal, started out with bad habits this morning, pushbuttons right at open, didn't look for market to start making range, just got in and out no rhyme or reason, found myself in the hole pretty good. Bad habits.
First chart shows that I decided to buy into a downtrend, thought it was going to turn. Move moving my stops, bad habits.
The second chart I was trading the deviations, and had found a turn. I let it go to the vwap, and thought it would rotate back up to the high and value area high for friday.and 2nd dev,,,, well the phone rang, notice no stop in that chart, because it was Sim, I let a very good winning trade turn to a losing trade. And even worse I still believe we was an uptrend, some of my stop. Got hammered, bad bad habits
then as always, third chart the brain kicked in a little bit, it is Monday, the skew is to the downside, had been too, just a little more patience, it was at whole number also((which I look for as price action) we was breaking out of 930 range, so market is out of balance, and I could've gotten more, but I made my target. This is a good trade, if I have patience it has most of everything I am looking for.
So I'm done for the day, if I've been playing real money I would've lost on a day the S&P moved 25 points.(and was very technical) I must lose my bad habits, and look for my(momentum price action trades) and use the methods I know to confirm these.
ok,good day when looking at charts and price action,the reason behind looking at the whole # is that price action,,,hit on all trades this morning,but mis-managed,profit targets...looking for it go to whole #'s,when I had common targets,,,so the price action will help in larger profits,,,but consider taking the profits ,if the deviations or fibs say to.
1st chart where I believed it would,go to the 0,,,but in my defense my value area was set wrong ,so the lower area was from the night session and not yesterday,,,which it did break thru,,,but it did not make the 0,,,I did believe we were going lower,,,but that was the turn...low of day,,,,I took break even,
2nd chart,,,same issue,,,I beleived this would go longer to targets,and bounced off 1 st ,,,I should have takin profits but beleive get to whole # ,,,i would take another BE stop out.
3rd chart got back in never at 35 to make the 40,,, took the break even,,,,should've taken profits at dev
4th chart is where we went thru the 40 to 45 and to second dev,,,,shows on the right track,,,just a little early,,,another 20 point move and I seems I am not getting any chips,,,,,,whinning......
I had to skip yesterday, and I will have to skip tomorrow,
I didn't do a good job of saving my losing trade, today which I believe is more important to me then the winners, but I'll post a good trade.
This chart shows that had I realized we had gotten into the value area of yesterday, high percentage to fill that value area, so I got in at around 50% pullback and went to a front run,,of low VA,,,that could be the only position trade I seem to be consistant on, and it is a good high probability trade,,so I should probably just look for this for a while,and lose some indicators and start playing a little more price action,shot turn fibs, and zones. (whole #s to whole#'s)keep it simple.
I have kinda drifted away from this post, I will get back to it soon, have some personal stuff that must be taken care of, and I need to work on my trading rules . I believe I need to find my entries, then start working on price action to manage trade, I have lots of bad trades, but I can seem to catch a wave on occasion. This chart today is a good example, I got in on one of mr price action numbers, and went to the vwap, for another price action number, a good 5 points trade.
I know my worst bad habit is trading to early in the morning.which I did alot today before I say this one.
So I will work on my trading plan, take care of some my personal issues, and start back up with this thread around mid-September, thanks and sorry for any inconvenience.
well,my lastest post is good that all the people I know are still alive and well,unfortunatly 2 people in my neiborhood did lose their lifes , ,,,this link has some pictures,,from locall paper,,,16 thru ,I beleive 20 is at the end of my road,,,,they are finally letting us in monday(day8),,i will show a few pictures soon of around the homestead.. Bastrop Fire | Bastrop Advertiser
I guess I will learn a little more about swing trading(money micros probaly),since my days will be quite busy...
OK started this about 4 years ago,I been playing sim and some real money ,when time allowed, I do everything ,everyone does,,so Today is a good day to start over ,(Moved stop and hammered real account) thought ready for the real money. I would like to close this Thread and start and new one, or at least re-title. So help?
I horrible typer,,,so
I have tried it all ,every indi, too many rooms, too many changes, and Really do know what I should do, and how to fix the problems. So time to start posting and move in the right direction.
