Today was a beautiful trade trading crude open.. market had pushed down pre open .. after open pullback to 50% fib .. and then moved nicely down to 161.8% extension .. entered the trade as it cut back down the ma entry was at 64 with stops tightly at 74 exit was at 08 .. Finally in the new year am overcoming my issue with not holding the trade longer .. i trailed the stops at 45 once it hit 34 overall am pretty happy got my daily goal and i am out of the markets in 15 mins . Hope u all are also having a great day .. Thanks
Hey Jinhar , nice journal keep it up . I liked the charts earlier in the journal where you tracked the trend on your lower timeframe with higher highs and lower lows and closing prices . I also like the dual timeframe concept . Are you employimg the same HH and LL trend concept or just looking for price to trade above or below the moving average ?
I still use the dual timeframes and use the Hh Ll combination with the ma break on the higher timeframe .. Just when trades are simple off lower timeframe i post single chart ... For me multiple time frame confirmation is the must ...... Hope it helps .. Thanks
I am in the process of upgrading my comp setup and broker .. will be back in a weeks time . will post next week if i make heads around trading 5min in the us session need to try that .. much more .. Love the 5min trades then the range or the tick setups .. !!! Have fun trading ..
Good job on the journal, I look forward to you resuming it in a couple weeks and hope you keep it up!
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It took me more days then i expected to .. But got all set with new comp and all !! Love the new comp Its a pure beast :P 1st day back trading live after a long time .. !!! Got some nice trades on crude Got 60 ticks and that brought a nice smile on my face :P .. heheh Not trading for a while.. has helped me overcome my target issues for now it seems .. Will post charts in a while need to get all other softwares running .. !!! Thanks and happy trading to all
Last edited by jinhar; February 17th, 2010 at 02:28 PM.
Reason: Uploading Pic :D
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Today was a very nice beautiful day 30min had a nice price pattern .. and 5min chart just broke above the ma . from there on price just shoot Ed up and for some unknown reason for the 1st time i dint wanted to bank in at 30 pips .. and boy did that work .. It was one of those days crude decided to break free .. and i was riding it from the start :P .. Got 90 Ticks of it .. Great 2nd day back to work .. Happy trading all .. Thnx ..
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Back after long time got hung up with bmt crude Room .. btw It rocks !!!
I hope you all are trading fine .. sorry for being away for so long i was bz on the forums but was not bz with the journals ..as i was busy Looking at some interesting thoughts from other traders on the futures.io (formerly BMT) Skype room .. Have changed my charts a lil .. as after i went on vacation could not trade 5 min - 30 min Don't know y that happened so went back to tick charts which i know .. back to small scalpers in a day . works for me .. till i get the $$$$ in doesn' matter .. lately looking at market delta and all other stuff out there .. tried that .. and the only fact that helped was to my broker as using market delta for me is like going high on cocaine .. over traded 4 days in a row using it My broker had a huge fat smile on his face for sure .. !!! So went back to the basic which i know and i can relate myself too .. but one things is for sure .. market profile is very interesting .. i don't use market profile like most do .. i hardly use them in the manner they are supposed to be use .. i just use them as support resistance nothing else nothing more works well for me .. instead of using pivots i have started using that and works like a charm .. !!!! Okay that was all i did in last month while i was away now back to trading .. took one trade on crude at the open got 24 ticks on it market broke above the ma on the higher time frame and at the open tested the ma .. so it was a good long using it as support .. Just one trade for me for today .. was busy reading Big mikes and other trader comments in the room .. very interesting read .. u all should try it sometimes .. !!! anyways m done for today .. happy trading to all .. !!! Cya soon .. !
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40 ticks 30mins .. not bad for a day with inventories on there will be a blast later
Today is crude inventories day so dint wanted to trade a lot decided to take a trade and hold it instead of the usual scalps updated the stops with the smaller charts .. again today was a same trade as yesterday price broke above the ma of the higher chart retest and a long of it .. if you see the patterns of my trades i generally trade same setup day in day out there will be others but the break of the ma and retest is my fav to make ur dalily goal one pattern is enuff u just need to find which one u like the best and comfy trading and just need to trade it day in day out .. Nothing better then that . that right der is your holy grail in my opinion .. Hope u all are having wonderful day .. !! Thnks
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