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Short term TF trading


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Short term TF trading

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  #111 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

expectation now for breakout

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  #112 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Long, will take half off at resistance and allow rest potential for breakout.

stop adjusted to 88.1 below 250 tick swing low

stopped

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  #113 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


PRIMO example of how I create a belief/expectation which causes my brain to only see information that support my belief. The 250 tick swings showed a failure to break resistance, and a weak pullback to retest (perfect short setup).

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  #114 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

long pullback off support, looking for retest of highs.

stopped, but re-entered at 89.1

10:32 scratched at B.E.

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  #115 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Long this pullback as we test the most recent swing low. Will probably manage stop loss tighter than it is currently.

2:04 stopped at 92.2, no more patience for this trade not developing as planned.

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  #116 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Breakeven on the day. First day trading using ninjatrader, so other thoughts and issues got in my way. The orders on the chart were getting in my way at times, and I don't like how it doesn't connect the entries and exits for easy end of day trade review. Not to say I didn't make trading mistakes today. A few losers held on to for too long, a few impatient entries, etc. Here are two pics showing all the trades I made today. Too many trades. Frustrated.


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  #117 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Mistakes today:
1. Frequent mistake of mine, expecting a continuation way too quickly after a breakout begins to pull back. = impatient = fear of missing out

2. Chasing price around on smallest timeframe = impatient = fear of missing out

3. long an absolute falling knife, no confirmation, only getting NEAR a support level, not to it yet.

4. long after multiple failed attempts at resistance level? sheesh

5. long right at a resistance level again?

6. IF I TAKE A SCALP TRADE, IT NEEDS TO BE MANAGED AS SUCH WITH MUCH TIGHTER MANAGEMENT.

7. Too quick on the breakout pullback again.

8. Price breaks out, pulls back to level, and starts up again... so of course it makes sense to go short...

There were some good things amongst the bad.

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  #118 (permalink)
Orlando, Florida, USA
 
 
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received


cma6 View Post
I understood this valuable insight with the exception of this: " [A "price segment" doesn't have discernible "legs" to it on the same time frame as you're trading it on; therefore, it exists in ranges and trends]".
I figured that a "price segment" was simply a HLC bar in whatever time-frame your chart is.

"price segment" is what most call a "price leg".

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  #119 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Come on trend... be my friend.

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  #120 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Exits shown on smaller timeframe chart.

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