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Ready Aim Fire Bullseye


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Ready Aim Fire Bullseye

  #61 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

-2.1 TF today. I'm beginning a new journal on recommendation of Ed Abreu, a pro trader. He is still teaching his method while two others I followed "went out of business." Here is his recommendation and my initial entries.

https://docs.google.com/document/d/1cm8I7Q-EW8Zi3ADoja1Eyxe8sdSaYaQZ7nayvVLhkxc/edit?hl=en_US

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Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
Strategy stop orders partially filled
EasyLanguage Programming
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #62 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
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Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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Moved to regular Journals by request

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  #63 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
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Good job today, and I noticed you are buy/ask, sell/bid.

I would be cautious on those breakouts as they always tend to have a pullback.

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  #64 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

First trade against trend. Second trade with trend for 2.5 points.

Trading journal at https://docs.google.com/document/d/1cm8I7Q-EW8Zi3ADoja1Eyxe8sdSaYaQZ7nayvVLhkxc/edit?hl=en_US

Trade of the day: Long at 9:37 Eastern Time. Reversed at 61 fib on 1597 or 144 chart with fibs set here:
https://docs.google.com/document/d/1cm8I7Q-EW8Zi3ADoja1Eyxe8sdSaYaQZ7nayvVLhkxc/edit?hl=en_US
Chart attached. On the 144 chart it was a triple bottom.


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  #65 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

No trades yesterday. Didn't see setups. I'm a bit proud I didn't trade without setups I could see.

Today I felt confident, something new. I am keeping the goal of consistent profits in mind, or so I think I am. What does that translate into? I think it means closing the trade when you sense by indicators and intuition it's lost it's steam after a modest run. Also, no need to wait for a gift, although I'm still doing that. Again, the goal is consistent profits. I want to learn to wait out the long runs, but for now let's get consistent profits. As a pro football announcer said last weekend, "You aren't gonna' go broke taking small profits."

Journal on reasons for entries and exits: https://docs.google.com/document/d/1cm8I7Q-EW8Zi3ADoja1Eyxe8sdSaYaQZ7nayvVLhkxc/edit?hl=en_US


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  #66 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
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Good job today. You had the vision.

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  #67 (permalink)
 
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 vovan348 
Moscow
 
Experience: Beginner
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Very well done today!!!

Can I borrow some of your patience?!?!?! Haha...

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  #68 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


vovan348 View Post
Very well done today!!!

Can I borrow some of your patience?!?!?! Haha...

You and I are too much alike.

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  #69 (permalink)
 
vovan348's Avatar
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
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bluemele View Post
You and I are too much alike.

I agree!!!

Remember before I started my journal I pointed out some of you mistakes and I told you that I can see it because I do the same, and I told you that you are gonna see a lot of your mistakes in my trading.

I like how HighRise1202 waits for the area and bar setup. I can do it only some days. Haha...

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  #70 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


Chickened out? No, thinking of consistent profits, at least that's what I hope.

Missed double top at 9:38 Eastern Time. Darn, and I had made a note to look for double tops where the first is a day back (or more). No worry. There will be more trades. (Repeat aloud three times.)


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Last Updated on November 2, 2012


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