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Sharmas Journal

  #91 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

75.00% Range achieved

Excellent trade on ES and took no pressure

Happy trading everyone.

Sharmas

Update..
see how market went to 75.00% and then came back to 2058.25

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  #92 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

lets see what the market offers and what the market takes.

Its always a fight but having few probabilities on your-side makes the fight 60/40 in your favor.

Sharmas

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  #93 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750


Took 1 trade with 3 contracts

Learnings

Respect the levels as market does and why do I think i am bigger or better than the market

Wait for the price to come to you rather than jumping in like there is no tomorrow

Took a lot of heat but then when market got me into Green, I GOT GREEDY
Plus the market was heading downside and i looked for long and not Short

Still making dumb and dumber decision.
$288.00 after commission is still a better day than negative day.


Sharmas

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  #94 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

Countless traders wish that they had started with price action instead of indicators.
Who here wished that they had started with indicators instead of price action.

Becoming a consistent trader is a long journey. It takes at least a few years of intensive effort. As a new trader, time is precious.

You should focus on studying the market. You should spend your time observing the market. A simple approach like price action trading allows you to do just that.

Price is the only thing you need to focus on. It helps you to avoid distractions. With a singular focus on price, it’s easier to learn how the market behaves and speed up your progress.

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  #95 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

working on CL levels and also ES

Here are my ES and CL charts with the levels which were done on Saturday after the market was closed

So far the levels are working well but need more work to refine it


Sharmas

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  #96 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

47.75 Level nicely respected.

Just need to refine it a bit more and see how the levels play for next couple of weeks

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  #97 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

I ran this combine along side my real account and in 10 days i achieved the goal and for the final day i took a small risk free trade to makesure i get over the 10 days with a win.

Real account was lot more than that.

A number of days i traded small 3 contracts and took High probability trades and the result is here.

Sometimes we need to let the runners run.

Learnings

Set a daily goal and in my case i had that as $350.00
Stick to your plan and then trade your plan

Lets see what the preparation for Live funding looks like.

Sharmas

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  #98 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

Nice trade for the night...

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  #99 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,452
Thanks Received: 26,278


sharmas View Post
I ran this combine along side my real account and in 10 days i achieved the goal and for the final day i took a small risk free trade to makesure i get over the 10 days with a win.

Real account was lot more than that.

A number of days i traded small 3 contracts and took High probability trades and the result is here.

Sometimes we need to let the runners run.

Learnings

Set a daily goal and in my case i had that as $350.00
Stick to your plan and then trade your plan

Lets see what the preparation for Live funding looks like.

Sharmas

Well done!

Bob.

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  #100 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750


Had a full on day and feeling fatigued
Waited for the High probability trade with 2 contracts and managed it to 49.21 that should have been my profit target but the greediness came into this and got stopped out at 49.14

Still not a bad days work.

More rigor and courage to push the trigger button is needed and few more streamlining to do

Every day is a new day and it teaches a new lesson.

Yes after the event i can sit here and say...Could have...should have and i would have made another 400.00.
the fact is set a daily goal and when it hits it, either protect it to take more out of the market or get your money.. fold it and walk away..

Market is here today and will be here tomorrow... its the consistency of your approach and method that defines you and gives you the edge.

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Last Updated on August 8, 2016


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