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Breakout Journal - a journey to full time trading
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Breakout Journal - a journey to full time trading

  #371 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Morning Charts 4-26-13

As I was prepping this morning CL broke out of the downward triangle on the Hourly and 15 minute chart. Will see if this holds. Weekly is still up. The bias is up for the day if the breakout holds.. Possibly retest the highs of yesterday. If price goes back below the trend line then there could be a big sell off due to profit taking. Or it could just go sideways because its Friday!

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #372 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
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Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

1st trade of the day..

Entry style: sell stop below previous bar low - Previous bar was a top.

Good entry bad trade management. I was not focused on the trade and ended up closing it out with a small loss. -2 ticks

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nosce te ipsum

You make your own opportunities in life.
 
  #373 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
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2nd trade of the day

Poor entry.. I did not see a secondary resistance line until after I was out of the trade. Ended -10. Down 12 ticks today. Taking a break.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #374 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

3rd and 4th trade of the day.

Entry type 3rd trade: Sell stop below the trend line
Entry type 4th trade: Sell stop below the trend line

3rd trade entry was a good and I had a short target. Price did exactly what I thought it would. Touched the support line and reversed. Target hit!

4th Trade.- The entry was good however, I had a long term trend line (not pictured cause I deleted it in frustration!) that I had place below my entry. It was a bad trend line!! So price went down and came within 2 ticks of my target and reversed. I quickly closed out the trade and had slippage. As soon as I exited the trade price went 20 ticks lower.. Was totally bummed when I realized the trend line was not in the right place. Oh well. It is what it is.. I am currently down 20 bucks for the day.

Robert
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nosce te ipsum

You make your own opportunities in life.
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  #375 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
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Posts: 1,597 since Feb 2011
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5th trade of the day

I entered above the resistance level. Did not hit my 15 tick target so I exited the trade +6. Should have had it set to 10 ticks. Today has been a take what you can get type of day.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #376 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
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Posts: 1,597 since Feb 2011
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Final Stats for 4-26-13

This day could have gone better and could have definitely been worse. Ended the day +6 ticks $35 net. I made mistakes today per execution and focus. After missing the opening trade I was anxious the rest of the day. This caused me to rush trades and not see them fully for what they could have been. I will be reviewing my trades this weekend. With the exception of the second trade all my entries were solid. The exits is where I had the problem. I did not have focus and was not seeing the big picture.

Robert

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nosce te ipsum

You make your own opportunities in life.

Last edited by Silver Dragon; April 26th, 2013 at 03:29 PM.
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  #377 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Weekly Stats 4/21/13 - 4/26/13

+66 Ticks. $590 Net

Robert

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nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #378 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Combine Report Week 1.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #379 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

One of the things I have struggled with is setting a proper target for my trades. Some are obvious while others are not. The part I have to figure out is how to get more out of my trades. I have witnessed my trades run further after I get out of them. So I wanted to know how much further they ran. Below are the results compared to my actual profit taken.

The left two columns is a estimate of Max number of ticks/profit my trades could have made. The right column is what I actually made. My current target is 15 ticks. Had I left the trades alone I would have hit my 15 tick target on every trade.


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nosce te ipsum

You make your own opportunities in life.
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  #380 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
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Silver Dragon View Post
Combine Report Week 1.

Robert

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Robert, funny but our combine results look very similar, half time in, third of required profit acquired and the only red metric is holding time. Keep up good work!
Alex

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