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

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

2nd trade of the day

Entry type: sell stop below support and low of the day

After missing a couple of trades earlier I was hoping for a quick 10 tick gain. However it didn't work out. Came within 1 tick of hitting my target and pulled back. There has been a struggle between the bulls and the bears since the EIA report this morning so I pulled out my trade before the start of the next bar. I have noticed big moves can occur withing the first 10 to 30 seconds of a new bar. Would rather be flat than risk being down 10. Ended +1

Edit: Just took a look at the chart and the next bar went down hit my target and reversed. Those are the breaks.


Robert

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nosce te ipsum

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

3rd trade of the day.

Entry type: Buy Stop above previous bar high. Previous bar was LOD

Took a 5 tick scalp off this trade. Solid entry - 3 ticks of heat. Originally had 10 tick target but I moved it. This was not a good decision. Need to trust my targets! Last trade influenced this one.

This will probably be my final trade of the day unless something really good comes along. Currently up 21 ticks on the day.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #413 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Posts: 1,597 since Feb 2011
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Final Stats for 5-1-13

I had a good day today. Came within 5 dollars of hitting my daily goal. All of my entries were solid. The most heat I took was 3 ticks. My biggest mistake today was moving my target on the third trade. I had several trades I passed on today which were similar to my third trade . I am looking to add this as a permanent entry type.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #414 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Posts: 1,597 since Feb 2011
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Below are the tags and entry types for my current combines. Open is where I make most of my money. It is nearly half my total in the combine. I was surprised by two and three.

Note: There were a lot of trades which had two or more tags so they are counted more than once on the report.

Robert

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nosce te ipsum

You make your own opportunities in life.
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  #415 (permalink)
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Toronto, Canada
 
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You sir, are now my idol. I'm planning to do something similar to how you started with after learning more. For now, setting up a stable foundation though. Can't wait to catch up on everything you've done up till now.

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  #416 (permalink)
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ZarethKnyght View Post
You sir, are now my idol. I'm planning to do something similar to how you started with after learning more. For now, setting up a stable foundation though. Can't wait to catch up on everything you've done up till now.

@ZarethKnyght

Many thanks!! But I am just a humble student of the market trying to figure it all out. Also, there are tons of excellent journals and threads here on futures.io (formerly BMT) along with many traders more capable than myself. Be sure to poke around in the other journals and threads. There is invaluable information contained within.

Good Luck on your journey!

Robert

nosce te ipsum

You make your own opportunities in life.
 
  #417 (permalink)
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5-2-13

No trading today.

Robert

nosce te ipsum

You make your own opportunities in life.
 
  #418 (permalink)
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prague, czech republic
 
Futures Experience: Intermediate
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Silver Dragon View Post
Below are the tags and entry types for my current combines. Open is where I make most of my money. It is nearly half my total in the combine. I was surprised by two and three.

Note: There were a lot of trades which had two or more tags so they are counted more than once on the report.

Robert

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Great stuff. What is an open trade?

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  #419 (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


xelaar View Post
Great stuff. What is an open trade?


@xelaar

Open is actually a tag opposed to type of trade. Signifies I took the trade on the open of trading. See trade detail below. In this trade I placed the sell stop below low of the day and at the open of trading for CL.

Robert

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nosce te ipsum

You make your own opportunities in life.
The following 2 users say Thank You to Silver Dragon for this post:
 
  #420 (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 4/28/13 - 5/3/13

Last night my trading computer went down. Did not trade today and will not be trading tomorrow. I need to make sure everything is calibrated correctly and so I will start on Monday.

I don't have a screenshot of the weeks totals by itself but I do have a screenshot of the total since the start of the combine. See below.

Total profit made this week: $490. / $1080 since the start of the combine.

Robert

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nosce te ipsum

You make your own opportunities in life.

Last edited by Silver Dragon; May 2nd, 2013 at 11:06 PM.
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