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TST Trade Journal


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TST Trade Journal

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  #201 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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T1 hit on 60m

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  #202 (permalink)
Toronto Ontario Canada
 
 
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3615 SL with a falling trend line on the 15.

If I could make the adjustment, i would as that would be a good spot to close the trade out, but I'm sticking with my original trade target to keep the ratios in check.

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  #203 (permalink)
Toronto Ontario Canada
 
 
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30m to go until pit close.

When I look back at why I entered this trade, the 240m had 2 piercing trend lines and I just used the 60m as an entry using Candlestick math, but I did not wait for a close so I used an aggressive entry.

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  #204 (permalink)
Toronto Ontario Canada
 
 
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trade closed for 1.8R reward.

The good thing about this trade was I did not put too much mechanical thought into the trade as I looked at a few things that got my attention, had an idea of where I wanted to enter a previous trade and when the market got up to the trigger price, I waited and then got long and already knew where my stop was at where my target would be.

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  #205 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Pit Closed

Wow, what a rally into the close. Didn't see this coming as I only had a 1 lot on so I could not participate in the rest of the move but happy with what I accomplished today.

1:1.8 Risk to Reward not a bad ratio.

My exit target in some ways was pulled out of thin air as I had multiple targets using EoS, R-Zone, SL's. Its interesting how I pieced together that trade, didn't think much of the reasons, as it was a Trend Line Pierce, followed by that 15m emotional candle that got my attention.

Now I need to re-watch Space concepts lectures as I failed my quiz by 1 right answer. Don't know if Daphne calling me when I was doing the quiz had anything to do with it.


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  #206 (permalink)
Toronto Ontario Canada
 
 
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A cleaner version of the charts minus the significant levels, though I think I should have the ones I was looking at that played a factor in the trade, but man, it can get confusing again if I do it.

I used Candlestick math for the 2 red and 1 green candles at the swing low on the 60m chart.

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  #207 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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looking to get short from the 60m and 240m trend line pierce.

if there is a pull back into the 15m R-Zone, that's where I'll enter.

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  #208 (permalink)
Toronto Ontario Canada
 
 
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I got filled while I was taking a nap. Forgot to cancel my order.

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  #209 (permalink)
Toronto Ontario Canada
 
 
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Its not looking good.

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  #210 (permalink)
Toronto Ontario Canada
 
 
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Well that sucks.

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  #211 (permalink)
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BeansTwoNiner View Post
I got filled while I was taking a nap. Forgot to cancel my order.

So what have you learned?

Perhaps that if an order is a mistake, you should close the trade immediately upon learning it was a mistake. If you have no reason to be in the trade, why are you in the trade?

Mike

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  #212 (permalink)
Toronto Ontario Canada
 
 
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Many more Course students in OH today, this should be interesting to see the topics being discussed.

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  #213 (permalink)
Toronto Ontario Canada
 
 
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Quoting 
the 60m trading into space but I was not at the computer when it rotated back into the R-Zone white lines are drawn today.

if my understanding is correct, waiting for a lower time frame trade back into the R-Zone would be a good trade if it sets up

The comment I typed in OH

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  #214 (permalink)
Toronto Ontario Canada
 
 
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The R-Zone rotation re-entry looks good across all time frames. Stop just about the SL of 78.

Here's where there's a lot of work, so many time frames to pick an entry.

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  #215 (permalink)
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I'm looking at all R-Zones across the TF's.

83 stop, to get the trade to 1R, I need trade to get back into the 53 area.

where would T1 be?

I could use 3.615 as T1, its proved to be a SL and its an EoS target on the 15m, trade would be 1.2R reward if the 53 gets filled.

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  #216 (permalink)
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Quoting 
[09:14 am] : Hey Mike, I have a question. if T1 has been hit and there is a roation back into the R-Zone, where should T1 be for the R-Zone entry? 60m chart marked with rectangle area


Quoting 
[09:15 am] : duh! never mind I thought about my own question and see now that I've thoguht about it, lol


Quoting 
[09:18 am] : look at how NG is reacting to 3.615 again

3.613 is an EoS target off the 5m, interesting to see low print of 3.613 so far.

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  #217 (permalink)
Toronto Ontario Canada
 
 
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Looks like when I got to the computer and posted my first journal entry, was when the R-Zone rotation entry happened so I was not in a position to calculate R:R.

I've got 1 more hour before I have to go.

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  #218 (permalink)
Toronto Ontario Canada
 
 
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Trend Line trade with a double bottom setting up on the 5m?

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  #219 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Quoting 
Trade Ninja[10:09 am] : looks nice on the 5 min but the other time frames kinda contradict it... I would wait on it for a few mins


Quoting 
[10:10 am] : yeah, the HTF have R-zone in the way so would have to target the EMA's

Just waiting for the trade to trigger as once again, in my mind, I see multiple R-zone targets on the HTF charts.

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  #220 (permalink)
Toronto Ontario Canada
 
 
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Ok, got my risk and target in place and waiting for the trade to trigger.

Stop is below low of day, T1 is in the 50 area, mainly targeting 51. If trade triggers around 30, the trade is on, if not, will have to see if there is a rotation back into the LTF R-Zone

I should also work out a rotation trade back into the R-Zone for the HTF's.

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  #221 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Trend line redraw for the LTF's

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  #222 (permalink)
Toronto Ontario Canada
 
 
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Stepping away now.

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  #223 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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And I'm back, looks like I missed that Trend Line Trade.

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  #224 (permalink)
Toronto Ontario Canada
 
 
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Some new trend lines on the 5m.

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  #225 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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If I get a fill back up @ 3.641, KTTG on the 5m with a stop above 3.655 and a T1 at the EoS @ 3.624, it will give me a R:R of 14:31

2.2R factor. I'm taking this trade if it happens.

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  #226 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Order is in, just wait to get filled, if it happens.

Reasons, KTTG, R-Zone Rotation, HTF all pointing in same direction of entry. EoS present as T1, Stop above SL. Good to go!

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  #227 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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My math was all wrong in terms of R:R


its actually 1:1.2R if the 41's get filled with a 24 T1 and 55 stop.


hahaha

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  #228 (permalink)
Toronto Ontario Canada
 
 
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T1 was hit, gonna pull my order.

60m train tracking away from R-Zone.

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  #229 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Pit closed.

Today I applied more knowledge and it appears that I am comprehending the concepts and trade setup rules.

At first, the 10 steps for a trend line trade seemed like a lot, but once I did the steps in order as I should, the steps are really not that much as I was already doing R:R calculations before, now I just have more factors to consider when finding a stop with SL's and what not.

today, 2 trade setups with correct R:R, 1 I missed cause of work, 2, the other did not get fill cause I adjusted my entry to have a better R:R ratio rather than entering on the close of the Trend line going into space.

Though in hindsight with the HTF R-Zone all pointing in the same direction of the trade, maybe using the break and close of the trend line is the way to do, but when trading back into the R-Zone, using the KTTG entry method is the way to go.

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  #230 (permalink)
Toronto Ontario Canada
 
 
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Let's get settled in now.

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  #231 (permalink)
Toronto Ontario Canada
 
 
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Updated some EoS levels and trend lines that developed over night.

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  #232 (permalink)
Toronto Ontario Canada
 
 
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Missed a few on the HFT charts.

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  #233 (permalink)
Toronto Ontario Canada
 
 
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Nice reaction by the markets for the EoS targets on the 240m and 60m charts, as there is also trend line.

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  #234 (permalink)
Toronto Ontario Canada
 
 
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The finer details of the 60m KTTG or R-Zone rotation entry.

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  #235 (permalink)
Toronto Ontario Canada
 
 
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Forgot the market the DP's T1 on the Daily

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  #236 (permalink)
Toronto Ontario Canada
 
 
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[10:03 am] : well, I just learned today to have ALL the EoS levels up ahead of time


BobIaccino[10:03 am] : Love that

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  #237 (permalink)
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[10:18 am] I did not have Dp's, EoS T1's marked before price reached it, it was when it reached it, then I started to draw them and then realized, its too late, cause this is info I need before I am in a trade or before the market may reach it, seeing how the market is chopping on the 5m, there are "reasons" now

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  #238 (permalink)
Toronto Ontario Canada
 
 
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That's the bad part of trading NG where we have to abide by that 5 minute on trade window.


7/18/2013 EIA Natural Gas Storage Report

Do not see anything setting up right now of the few trade setups I've learned so far.

Note: it's interesting to see when I made this entry as there was an Inside bar on the 15m and an R-Zone entry off the 5m. I just did not see it at the time cause of the lack of focus. The price action after the 5m window was also really slow and that also played a factor in my focus.

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  #239 (permalink)
Toronto Ontario Canada
 
 
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Ok, found a Trend Line trade on the 5m.

3.811 offer working

3.822 stop have SL to lean on as well.

T1 EoS 15m

And I am trading back into the R-Zone across all time frames.

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  #240 (permalink)
Toronto Ontario Canada
 
 
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Order filled.

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  #241 (permalink)
Toronto Ontario Canada
 
 
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I'm thinking the trade is not gonna work out.

I just need to stop taking trades that have the R-Zone in the way to T1.

5m R-Zone holding. Has not pierced the 21 EMA.

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  #242 (permalink)
Toronto Ontario Canada
 
 
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The thing I missed to filter out this trend line was the R-Zone and if it was flattening out at the time the trade was setup and the answer is no.

Now the trade is at the mercy of the markets and right off the bat, this was not a high probability trade.

There was also no close into Space.

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  #243 (permalink)
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Stopped out.

Need to remember not to take trend line trades when the R-Zone is in the way, it was nothing more than a pullback but at the time.

Note: Completely did not trade this move correctly. Did not remember the "8 EMA pushing the price" concept on the HTF's. and the 3 rotations back into the R-Zone concept. The correct trend lines to be drawn would be Trade Trend Lines to enter off the 5m in direction of the over all HTF trend. That white trend line was incorrectly drawn. There were no rotations back into the R-Zone from HTF's so entering off the rotation of LTF's on rotation.

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  #244 (permalink)
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Upon further reviewing what I did wrong today.

Not having all the T1's marked as there were some levels after the fact were both T1's and SL's that could have been used today to lean on.

One level is the 3.787, which was a DP T1 and SL on the 240.

On the 15m, it had penetrated with an emotional candle, closed above and was unable to close below.

That inside bar, along side the 5m R-Zone, could have been a good entry with a stop below or below the 21 EMA at the time of entry for R:R calculation. T1 would have been 3.821

If my math is correct

Entry 3.795

Stop 3.765

T1 3.821

Reward would have been 0.86R so the trade would have been passed had I seen it at the time which I did not.


Need to also note, I was actively chatting in CTD OH today so the focus was not there when it should have.

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  #245 (permalink)
Toronto Ontario Canada
 
 
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I forgot to take a screen shot at the pit close.

But after the 5m no trade window expired, the range for today was about 60 ticks, which is trade-able.

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  #246 (permalink)
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BeansTwoNiner View Post
If I get a fill back up @ 3.641, KTTG on the 5m with a stop above 3.655 and a T1 at the EoS @ 3.624, it will give me a R:R of 14:31

2.2R factor. I'm taking this trade if it happens.

What I over looked was the closed above the trend line was not into space for the trade up on the 5m. This is for the long trade.

What I over looked was the closed below the trend line was into space for the trade short on the 5m.

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  #247 (permalink)
Toronto Ontario Canada
 
 
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Changing the colours of my EMA's. The white and yellow combo blended in with my newly drawn trend lines and horizontals.

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  #248 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Some practice Trade Trend Lines on the GC market.

15m, Space present, multiple targets.

5m, close into Space.

only missing SL's

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  #249 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Not like I'm gonna be trading today, but here are some new Trade Trend Lines.

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  #250 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Need to start packing for our trip.

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  #251 (permalink)
Toronto Ontario Canada
 
 
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2 days off.

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  #252 (permalink)
Toronto Ontario Canada
 
 
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Potential trade setting up, 15m inside.

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  #253 (permalink)
Toronto Ontario Canada
 
 
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So freaking tired still, dozed off and missed what I was looking at cause the price action was so slow today.

I was not looking for a move to the long side cause there is no clean space on any time frame.



What the charts look like with only R-Zone up.

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  #254 (permalink)
Toronto Ontario Canada
 
 
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Very bearish bars forming, look for rotation back into 5m R-Zone?

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  #255 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Let's try again.

5m trend line, but right now I'm having 2nd thoughts about this trade for time of day and the 240m with its train tracks.

I pulled my offer which was at the 21 level, which is R-Zone and SL confluence. Stop above 43.

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  #256 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Roll over!

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  #257 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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60m trend line redrawn.

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  #258 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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WTF, my progress is moving backwards. Can't seem to buy a winning trade.

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  #259 (permalink)
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the R-Zone trade was there, I just entered it aggressively and did not have correct stop placement cause I was too eager to trade.

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  #260 (permalink)
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I keep forgetting to draw those Trade Trend Lines that trade in the direction of the R-Zone.

That is what I did not do yesterday.

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  #261 (permalink)
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SL's updated on the 240m

I need to make a check list for the trade setups as that is why I am confused.

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  #262 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Been super busy with work, first day back since last thursday to trade.

I've gone back to the chart setups when I was doing well prior to CTD.


Long off the 55t chart with the 5m and its EMA's about to cross over. Stop was below swing low and below a level ending in 5.

55t had a series of higher lows. Was aware trading into a HTF RZone.



Came within 1 tick of getting stopped out. I did not have any SL's marked so this level was pulled from my ass as the SL's cluttered my charts before and I could not see price action.

I readjusted my T1 to EoS on the DOM as there was a pocket of thin volume. Something I will have on my checklist besides using charts to find targets.

Also had 60m RZone for resistance.



I had to tend to E. when he woke up from his nap, but area marked with the box was a trade I was looking for as the 60m RZone was holding and I had a Trade Trendline drawn on the 55t along with a key level if price closed below.





I was redrawing the trendline for the 55t and I remembered the concept of the trendline closer to horizontal, the weaker it is and it could be transitioning from trend to consolidation.





Overall, the trade I was looking for based on specific rules was the trade I missed today, but its giving me confidence I'm back on track after experiencing a series of losing days from concepts I did not understand or know how to apply them.

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  #263 (permalink)
Toronto Ontario Canada
 
 
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Looking to get long above TL and short below TL.



Redraw with new DP for long entry.









Long, with stop below Up trend line's DP.



Good pop higher, then back down, not looking good. KTTG?



Break further lower, really not looking good with redraw and new DP for a short entry, but stop is just below short entry. I had thoughts about reducing my risk by moving the stop up for this reason, but held firm with my original stop.



Redraw with new DP.



Another redraw and new DP with lower swing high. Really not looking good.



Stopped out. Its looking. All this time while in this long trade, the 240m, price action was inside the R-Zone so, it was an uphill trade from the get go even though upon entry, the 60m appeared to be turning up.

The 15m and its R-Zone was rolling over and when the trend line short entry triggered, the 15m R-Zone was crossing to the down side.



Price action had already traded to 75% of T1 so any second chance entry short order was pulled.



T1 hit, T2 of EoS and LP target area would have been filled.



One down trend line was removed as the redraw would have been very close to TL2. Also this is where I added an uptrend line for a short entry.



THe R:R using that up trend trade trend line was not acceptable as T1 was low of day acting as support. I passed on the short trade for that reason and when I recognized it had turned into a horizontal setup up, I entered a short on the break down by 1 tick.



While I was in the short, I realized my first trade, I took 20 ticks risk, so I should have taken this horizontal short setup with a 2 lot. I added to my position as price action went higher back near my entry. I was either gonna get stopped out or T1 hit. I went to the pool with the family and came back to find out I was still in the trade. Chart below. I manually closed out the trades one leg at a time before the 1610hr deadline to break even for the day.

Starting next week, I'm gonna continue to trade the way I was before CTD with the concepts I've learning using the trade trend lines drawn on the tick chart for entries and stop placement.

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  #264 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Trying to stream line my journal entries by having fewer but more details on the charts.

Using Snagit to edit seems to be the way to go.

My question I sent to CTD OH is correct stop placement without a SL. We'll see what they have to say as this trade was profitable for T1 and T2 would have been filled as well.


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  #265 (permalink)
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Today's price action looks very similar to previous day.

Though according to Bob, means nothing and he's right, two days does not mean a thing.


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  #266 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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part 1 of 2

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  #267 (permalink)
Toronto Ontario Canada
 
 
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Part 2 of 2

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  #268 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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4 monitors for charting now.


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  #269 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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1 of 3

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  #270 (permalink)
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2 of 3.

I just stopped focusing after getting stopped out and then proceeded with "studying" for the quiz again.

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  #271 (permalink)
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3 of 3.

I made many mistakes today but I was also preoccupied with asking other CTD students about what they are thinking about the questions and how they are phrased.

I need to study more again and then pass the damn quiz, and then make up a crude check list so I have at least a minor road map to keep me on course.

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