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Sharmas Journal
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Sharmas Journal

  #141 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Next weeks levels

Will trade with caution and see what market offers

Have worked on the levels again and have made few minor changes and need to back test and forward test them more.

Lets see how it takes shape.


Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-25_06_2016.jpg  
 
  #142 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Nice trade for Monday

Yes greediness did play its part again..

Took $ 1850.00 profit.

Will see how the night shapes. Was late by good 15-18 ticks with my entry

Chart # 1 is my first chart with my trade

Chart # 2 with my levels during my trade

Chart # 3 with the levels and how did the market react to these levels.

Are they just random lines....They are from the data and i am okay with it and has given me confidence.

Yes i could have stayed in the trade longer...But yes it could have gone against me

Money on the table is not as good as money in the pocket.

My target was at 48.02 but i am happy with the money

Sharmas


Do i trade and over trade or shall i take a rest and come back tomorrow and see how it all worked out. Also each day is a new day in the market with new opportunities.


Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-27_06_2016.jpg   Sharmas Journal-cl-08-16-3-min-27_06_2016-levels.jpg   Sharmas Journal-cl-08-16-3-min-27_06_2016-rest.jpg  

Last edited by sharmas; June 27th, 2016 at 04:13 AM.
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  #143 (permalink)
Elite Member
Fort McMurray, AB Canada
 
Futures Experience: Beginner
Platform: NT, MT4
Broker/Data: Continuum
Favorite Futures: ZB, ZN
 
spideysteve's Avatar
 
Posts: 96 since Mar 2015
Thanks: 156 given, 96 received


@sharmas

What is your original stop on that trade? How many ticks? Or do you base it on your other levels?

Also, are you still using VKs indicator (CCI/MA)?

The following user says Thank You to spideysteve for this post:
 
  #144 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Charts

Hi Mate

I use a 15 tick stop loss and my main chart has what you see now.

Going away from all indicators as now focused onprice action and levels.

Here is how the levels played out last night


Sharmas


spideysteve View Post
@sharmas

What is your original stop on that trade? How many ticks? Or do you base it on your other levels?

Also, are you still using VKs indicator (CCI/MA)?


Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-28_06_201622.jpg  
The following user says Thank You to sharmas for this post:
 
  #145 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Levels for Today

Today's level and my trade.

Had to run to pick kids up from their tuition...

And the market did go up.

Happy with my trade for today.

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-28_06_2016.jpg   Sharmas Journal-cl-08-16-3-min-28_06_2016-1.jpg  
The following user says Thank You to sharmas for this post:
 
  #146 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Levels in Action

Had another busy day and a number of missed opportunities.

Had a very good long but took the profit due to commitment.

This is how the levels got respected or how the market reacted to those levels.

I am still missing one vital piece of information and hoping to get that confirmed soon so that my levels could be even more closer to market turns.


All i am looking for is one or two good trades for the day that gives me 20 to 30 ticks per contract.

As i compound my contracts, i would be looking at 20 ticks per trade but more contracts.

Still work in progress

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-28_06_2016-33.jpg  

Last edited by sharmas; June 28th, 2016 at 07:28 AM.
 
  #147 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Todays Chart

This is how the levels played out tonight.

Lets see what the levels and market offers today


Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-29_06_2016424.jpg  
 
  #148 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

What a day

Up at 6.00 am and just got home now at 9.25 pm

Full on day with back to back meetings.

Here is how the levels worked out so far today

Will need a good sleep and might have to miss out tonight ...

Everyday the market offers new opportunities and with the high probability set up anything else is possible.

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-2-min-29_06_2016-222.jpg  
The following user says Thank You to sharmas for this post:
 
  #149 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Yesterday's Levels

I did not trade last night as the body said ...take a rest

Have been working long hours on my levels and plus my fulltime work outside trading.


Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-4-min-30_06_2016.jpg  
 
  #150 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,714 given, 660 received

Todays Chart


had been a very slow day due to long weekend.

However the levels played its part.

Lets see what other opportunities present itself tonight.

Have you wondered why the market stops at a certain point and why does the trend changes at a certain point.

How important are the knowledge of institutional buyers mindset. Do you think they sit there and trade a 1 or 2 minute chart...

Do you think they use Support resistance. I know of a very good trader who uses Trend line and levels nothing more.



Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-2-min-1_07_2016-12.jpg  

Last edited by sharmas; July 1st, 2016 at 06:12 AM.
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