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Breakout Journal - a journey to full time trading


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Breakout Journal - a journey to full time trading

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  #291 (permalink)
Chicago, IL
 
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Happy Bday!!!!

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  #292 (permalink)
Legendary Market Wizard
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Happy Birthday Robert !

Enjoy your birthday with your friends and loved ones rather than 'wasting' this special day with trading...

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  #293 (permalink)
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Happy Birthday buddy

London Calling
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  #294 (permalink)
Bay Area California
 
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Happy Birthday SD!

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  #295 (permalink)
Legendary Data Wizard!!!
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@Big Mike @mongoose @Daytrader999 @Xav1029 @addchild

Had a great day today. Thank you for the Birthday Wishes!

Robert

nosce te ipsum

You make your own opportunities in life.
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  #296 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Silver Dragon's Avatar
 
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Weekly Chart. Broke out of the triangle on Friday. Continued down tonight and hit the first support. There is support just below 88 extending down to 86.80ish. I think we test this level this week.

Robert


nosce te ipsum

You make your own opportunities in life.
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  #297 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Silver Dragon's Avatar
 
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Daily chart.... CL completed a head and shoulders pattern last week and broke the uptrend.

Robert


nosce te ipsum

You make your own opportunities in life.
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  #298 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Silver Dragon's Avatar
 
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Some notes on last week.

Made some mistakes last week but none bigger than trying to pick a bottom. After the second stop out I realized what I was doing and backed off but the damage had been done. I am trying to let my trades run and not mess with them. As I posted earlier tonight in another thread I have been doing other stuff and checking on the trade every once in a while.

Another thing I noticed is I am thinking about money/ticks quite a bit. This is really wrong. I should be thinking about the trade and taking the trade when it presents itself. Going to shut off my Profit/Loss totals on my chart this week. I am so used to looking at them it will be tough not having it on my screen. What I am trying to get to is a zone where I am just trading. Not thinking about wins/losses or ticks and monetary goals and just trading. On the days I worried about losing or winning I do worse.

Robert

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You make your own opportunities in life.
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  #299 (permalink)
Legendary Data Wizard!!!
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Silver Dragon View Post
Weekly Chart. Broke out of the triangle on Friday. Continued down tonight and hit the first support. There is support just below 88 extending down to 86.80ish. I think we test this level this week.

Robert



Broke through first level of support and bounced off the second level of support overnight.

Robert

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  #300 (permalink)
Legendary Data Wizard!!!
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Silver Dragon's Avatar
 
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Took a trade this morning which met my rules and had solid entry. Price fluctuated back and forth around my entry point. On the second pull back from the low i exited the trade for +2.

What was good about this trade is I did not panic when it started to go against me. I also recognized that there was a stalemate between buyers and sellers. I still think it could go lower but felt my odds were getting less in my favor based on the movement.

Hindsight - My original target was 50 ticks which would have been a home run for the day. After the strength of the first pullback I should have taken a base hit and went for 10 ticks on the second push down.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
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