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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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  #491 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Silver Dragon's Avatar
 
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Taking some time off before I begin the next combine. Still reflecting on the last combine. Working around the house and spending time with family. I have been learning more about volume profile and testing some ideas. Nothing serious at this point.

Robert

nosce te ipsum

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  #492 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Testing trading ideas -SIM 150K account - 89 tick chart - 6 contracts

Building off my current process I added volume profile to make the following trades. First trade I was in too early. Second trade I hit the mark and made 69 ticks with a run up to 100 ticks.

This is where I need to get to. Looking back at my combine I had several trades where I could have used this process to have a better entry and let the trade run.

Robert



nosce te ipsum

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  #493 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Testing trading ideas -SIM 150K account - 89 tick chart - 6 contracts

Testing Volume Profile and trend line break on the Yen. +52 ticks

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
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  #494 (permalink)
Legendary Data Wizard!!!
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Testing Trading Ideas.

I have been working with @PandaWarrior on pyramiding contracts on a trade. The idea is to add to a winning postilion and let it run. It works well because you lose less when you are wrong and win more when you are right. Here is a trade I took this morning using the method. I started out with 4 contracts and then added 4 more when I was +11 ticks.

Ended the trade +39 ticks on the first 4 contracts and +28 on the last 4 contracts.

Trade entry was a trend line break on the open combined with position on the volume profile chart. I set the target on the low volume area on upper part of the volume profile chart.

Robert



Ticks only:


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  #495 (permalink)
Legendary Data Wizard!!!
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Testing trade ideas.


Second trade of the day.

Entry type: Trend line break combine with being in the extreme range of the Volume Profile.

Entered on this trade but really did not have a warm and fuzzy feeling so I did not add to the position. Exited the trade +19 ticks.

Robert



nosce te ipsum

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  #496 (permalink)
prague, czech republic
 
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Great stuff with pyramiding. This is the road to riches.

Trade to live. Not live to trade.
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  #497 (permalink)
Legendary Data Wizard!!!
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Testing trade ideas.

3rd trade of the day

Entry type: Trend line break. Fade the volume profile extreme.

The premise of trading volume profile is to trade extremes. In other words wait for price to get to a area where there is low volume then fade it back the other way. Use trend line breaks double tops etc for a entry signal. This was a good example of that type of trade. I got in too early on this trade because there was a fake breakout. Admittedly I have more experience trading the CL than the Yen so the price action is different but the outcome is the same.

The target I had for this trade was well placed. What I could have done was hold onto the position and add more to the position above the gap. Still learning but it is coming together nicely. +10 ticks on the trade.

Robert




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Testing trading ideas.


1st trade of the day.

Entry type: Trend line break; price @ extreme of volume profile.

I took a trade before the open which I try to stay away from, however the conditions were met. I was thinking like I used to and trying to protect profits. I exited the trade @ 11 ticks. It proceeded to go 30 ticks lower. I actually had my stop @ BE and I still closed it out!! This is a habit I have to break; overreacting when price goes against me.

Original idea on trade was to scale in after it broke below the gap. This was the right trade!! I left 1500 on the table.

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
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Legendary Data Wizard!!!
Cincinnati Ohio
 
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Silver Dragon View Post
Testing trading ideas.


1st trade of the day.

Entry type: Trend line break; price @ extreme of volume profile.

I took a trade before the open which I try to stay away from, however the conditions were met. I was thinking like I used to and trying to protect profits. I exited the trade @ 11 ticks. It proceeded to go 30 ticks lower. I actually had my stop @ BE and I still closed it out!! This is a habit I have to break; overreacting when price goes against me.

Original idea on trade was to scale in after it broke below the gap. This was the right trade!! I left 1500 on the table.

Robert

What could have been!!!


nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
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  #500 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,891 since Feb 2011
Thanks: 5,404 given, 4,499 received


Testing trade ideas

2nd trade of the day.

Entry type: trend line break and price at extreme on volume profile.

Had my stop to tight. -9 ticks.

Robert



nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
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February 2, 2015


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