Mike Sullivan Trading Journal

(login for full post details)

msull35706

Amin

Do you manually draw the SR lines on PNF chart?
For ES... I use 5min, 1 = Box 3 = Reversal setup

Thx for kind words

Have you been able to get OFA to load? I could/can assist if need be...

Keep posting ...

Mike S.

Mike,

The setting for the point and figure is 3 min for base period value, 2 for box size, and 3 for reversals.
The support and resistance lines are automated lines, the indicator is called SwingRaysV1. Available in the indicator download section. I find it usefull.
I have not been able to get the OFA to work .(I have the free version).
Thanks for posting your updates

(login for full post details)

Mike,
Are you using the free OFA or you purchased the software? If you did purchase, did you take any lessons / mentoring?
I find that looking at all those numbers makes me dizzy, or shall I say confused ?
Amni

(login for full post details)

avall38486

Mike,
Are you using the free OFA or you purchased the software? If you did purchase, did you take any lessons / mentoring?
I find that looking at all those numbers makes me dizzy, or shall I say confused ?
Amni

Amni

Made the plunge and purchased base OFA + VCA.
There's plenty of free webinar recordings off member site / uTube channel to get up to speed
on methodology.
In their Trader Lounge, they offer a FREE daily analysis of ES + 6E markets using OFA.
Great forum to ask questions and follow a successful trader and see what they see and start
developing you own style.
As far as following the Delta numbers... much easier on the eyes than watching Time and Sales on mkt tape....

Mike S.

(login for full post details)

Greetings

1 and done for Friday!!!

Waited patiently to be in sync with the Order Flow, following the vol cluster, to support entry.
Strong support area from 1945.50 - 1944.25, notated by blu rectangle.

Put limit order at top of that range 1945.50 and got my 4tix!!!

Being its Friday and settlement hasn't been breach as of yet, 1948.75 [yesterday], I felt to shut down...
enjoy the day and study hard over weekend to do it again next week...

Mike S.

(login for full post details)

Took an additional trade as price was challenging yesterday's settlement price of 1948.75.
Positioned my entry at a vol cluster, see structure chart - blu squares, at the 1948.75/1949 area

Got my 2nd 4tix scalp for day!!!

Mike S.

(login for full post details)

Congrats, keep it up.

(login for full post details)

Greetings

Patience on ES today as it ground up over resistance areas of 1953.75 area
Waited for the ask print to tell me to enter around 1955.
Wanted to go for more but sticking to my 4tix scalp

Mike S.

(login for full post details)

Waited patiently to base towards 1950.50 area.
New buy vol cluster taking out prior sell vol @ 1952.50

I did get in 1 bar early. Took 6tix of heat.
Better entry would have been on the 11:09am candle...

Mike S.

(login for full post details)

Greetings

1 for 2 today

Chased 1st trade and got stopped out.
The better trade was my 2nd.
Waited for rotation back and a move above a sell valuation area to left @ 1961 area.

Should have been a nice 1 and done!!!

Need to fly to client site.

Still learning!!

Mike S.

(login for full post details)

Mike, I am no expert or even understand all those numbers you look at. But keep it up. Best of luck.
Amin

(login for full post details)

avall38486

Mike, I am no expert or even understand all those numbers you look at. But keep it up. Best of luck.
Amin

Amin

Many thx.

Just trying to update folks on my progress, or in some cases lack there of...

Always open to discuss.

Thank you

Mike S.

(login for full post details)

Greetings

1 for 3 today....
Under normal conditions, that would stink!!!
Today I was only down 1 Net tix....

The key for my 2 first losses was I was not in sync with the Volume Clusters on both 12/4 structure chart and the 8/4 chart.

Even though it was not a good day for me, I was still pleased with the fact of correcting bad habits.

Like the other day I took a trade as a 'break out' that totally stopped me out.

So the lessons for me here today is BE IN SYNC WITH THE VCA on both the 12/4 structure chart and the 8/4 OFA trade chart.

Do 't go nuts over too many Decision point lines. Too many will give you trading paralysis.

Mark the settlement and plot +/-10 points from there for targets...

Every day keep learning and being optimistic!!!

Mike S.

(login for full post details)

Greetings

2 for 2 today for 7tix.

Original target was at settlement price of 1957.50.
But due to me learning the OFA way and TRUSTNG the flow, I took early scalp profits.
Hey still made a nice sum for day but can do BETTER!!!

Always look to improve.

Was in sync with VCA on both structure charts [ 6/4 and 12/4 ] which helps...

Enjoy your weekend and hit em hard next week!!!

Mike S

(login for full post details)

Had to show this setup.
Figures I shutdown prior to this.

Wanted to show setup for learning!!!!!

This is exactly what I'm looking for.
Patience and wait for price to come back to you at your DP area, which was the Settlement price 1957.50

See how the VCA was aligned underneath you for small risk on this trade....

Note to self.....

Burn this image in your mind of what to try to take!!!

Thank you

Mike S.

(login for full post details)

Greetings

2 and done today.
Followed the flow!!!

1st Trade around 9:38am... Buy above Globex hi. Buyers Initiating Trade [BIT] and went long @ 1975 for 4tix

2nd Trade around 9:57am.... Buy above yesterday's Point of Control... Enter 1972.75 for 4tix

Mike S

(login for full post details)

Greetings

2 Trade setups and in sync with Volume Cluster Analysis [VCA]

From what I'm finding, a 5tix risk seems like a nice risk level for me while still scalping for 4tix
I feel over time my Consistent Profitability [CP] will be north of 70%

1st Trade: price rising above Globex Hi. VCA shift above DP - Globex hi. Entry @ 1976.50

2nd Trade: price Pullback. VCA shift. Entered when Buyers taking control. Target = Globex Hi, Which hit to the tix. Entry @ 1973.50

Mike S.

(login for full post details)

I

avall38486

Mike,
Now this is new. Point and figure, with OFA. But, you are right the support and resistance are very clear. Keep us posted.
Amin

I use PNF with OFA and works VERY well together. OFA vc's marry quite nicely with the pnf patterns Great combo

Willis

(login for full post details)

Hi Mike,

I just wanted to give you a big THANK YOU for sharing your journey with all of us. I think it is a very thoughtful and generous thing to do and I am going to check out Right Line Trading's free trial.

Kristi

(login for full post details)

Mike are you following Mark's calls in the trading room? He is up over 30 ticks so far today.

Kristi

(login for full post details)

msull35706

Wanted to post GC trades from Thursday, 2/20/2014...

3 qualified trades, even though there were 2 nice ABC's longs but with RED 50MA couldn't take....

The 3rd trade, which was loser, was in chop area. Patiently waited for Pwr entry into the 15MA.
Didn't matter. In these cases, could have limited loss give the lack of follow thru. Again will continue
to work on qualifying entries an/or limit 10tix loss when trade falls apart...

Mike S

when you entered the trade I don't believe you were in chop. Chop occurred at the close of the next candle
Do you concur?
Thanks

(login for full post details)

msull35706

FOMC!!!
3 for 4...

8:25am... CL +5 3LB above Green 15/50MA's
8:47am... GC +5 2LB/MOM below Red 15/50MA's
9:54am... CL -9 3LB above Green 15/50MA's - chased this trade!!!
9:58am... CL +5 2LB above 15/50MA's - nice setup off 15MA Full candle

Mike S.

Hi Mike
Do you always trade into pivots?

(login for full post details)

OWEN KLEIN

when you entered the trade I don't believe you were in chop. Chop occurred at the close of the next candle
Do you concur?
Thanks

Owen

Wow.. Feb a lil long ago to remember trade....
Thx for commenting though.

MS

(login for full post details)

kriedd

Mike are you following Mark's calls in the trading room? He is up over 30 ticks so far today.

Kristi

Kristi

RLT has a feature that allows the moderator to trade for you as well.
Let me know how that goes if you go that route.

Mike S

(login for full post details)

OWEN KLEIN

Hi Mike
Do you always trade into pivots?

Owen...
on most 2/3 line break trades, they are good momentum trades that typically break thru pivots.
Besides, only going for 5tix scalps.
The day you referenced was still up net 6 tix!!!

Mike S.

(login for full post details)

avall38486

Mike,

The setting for the point and figure is 3 min for base period value, 2 for box size, and 3 for reversals.
The support and resistance lines are automated lines, the indicator is called SwingRaysV1. Available in the indicator download section. I find it usefull.
I have not been able to get the OFA to work .(I have the free version).
Thanks for posting your updates

Hi Mike
I have just started following your RLT journal. I went to the most current date but cannot find your notes for
RLT. Did you stop following RLT?

(login for full post details)

OWEN KLEIN

Hi Mike
I have just started following your RLT journal. I went to the most current date but cannot find your notes for
RLT. Did you stop following RLT?

Owen

Thx for following my thread.
I've started studying Order Flow + Volume/Mkt Pro for consistent profitability.

If you have RLT questions, I'm still able to address and assist if need be.

Just a personal decision to change directions.

Mike S.

(login for full post details)

Hi Mike,

What resources and training helped you most to understand order flow and the footprint chart?

Regards,

Josh.

(login for full post details)

DrRumpy

Hi Mike,

What resources and training helped you most to understand order flow and the footprint chart?

Regards,

Josh.

Hey Josh....

Still work in progress in getting to 70% Consistent Profitability [CP]
I can share more info but in private message.

Thank you

Mike S.

(login for full post details)

Mark does Ofa provide enough free resources such as videos and documents after purchasing the ninja plug in.
Or do you have shell out more for training?

Sent from my SAMSUNG-SGH-I337 using Tapatalk

(login for full post details)

optionzen

Mark does Ofa provide enough free resources such as videos and documents after purchasing the ninja plug in.
Or do you have shell out more for training?

Sent from my SAMSUNG-SGH-I337 using Tapatalk

Sent from my SAMSUNG-SGH-I337 using Tapatalk

(login for full post details)

optionzen

Mark does Ofa provide enough free resources such as videos and documents after purchasing the ninja plug in.
Or do you have shell out more for training?

Sent from my SAMSUNG-SGH-I337 using Tapatalk

OZ

Even better....
They allow FREE use of a lite version and access to over a dozen webinar recordings in Public access area on
website once you register.
This way you can make a better informed decision if it's the right fit.
In addition, they currently offer FREE daily analysis to ES and 6E markets on what to look for in preparing for your trading day in the Traders Lounge on site.

Mike S.

(login for full post details)

Greetings

3 for 5 today
+1tix / -$125 Net

Happy how I turned things around.
Keeping in mind Who is in control of the market.
Be aware of the Sellers Initiating Trade [SIT] and Buyers Initiating Trade [BIT] and base your entry from there.

Always Learning!!!

Mike S.

(login for full post details)

2 for 5 today�.
Missed a few good ones.
Still learning!!!

Mike S.

(login for full post details)

Greetings

Grabbed 1 more trade for +6tix to end day on a positive note.
Price retested Settlement area and followed the flow to profit�

Mike S.

(login for full post details)

Greetings

2 for 2 

Felt very much in control, which is not normal. But learning to keep a level head and not rush into trades!!!

Banked 4 + 3 tix.
The reason for cutting short last entry was news release was shortly coming out and it initially stopped @ 4tix, so cut it short for 3�.

1st Trade: Short 9:33am DP area was holding @ 1922.50 area. Went short following the order flow @ 1921.50

2nd Trade: Long 9:56am Buy imbalance above prior weakness 1928 area. Went long @ 1928.25 for 3tix

Have a great weekend!!
Keep learning!!!

Mike S.

(login for full post details)

Greetings

2 for 3 today.
Able to start stretching out profits to 8tix.
But still feel going for 4/5 tix is my norm.
Trying to use VP [Vol Profile] to define potential target areas

Enter around LVA and target HVA.

The other key is having MUCH SMALLER RISKS from what I�ve had in past.
Now I�m averaging 4/5 tix, which is a solid half of what I�ve been doing!!!

Keep risks small!!!

Always learning!!!

Mike S.

(login for full post details)

Couldn�t resist�
1 more 3tix scalp, that went for more�.

MS

(login for full post details)

how do you know your trades work as well using a real $ account? The way u testing, it has always been sim... try use real $ and we will know how good the system really is. at the very least, you are not testing in the last couple of month for nothing.

(login for full post details)

for sharing and being real. I am new here but was in a seminar looking at RL, and your thread has been helpful to read over.

(login for full post details)

nutkaze

how do you know your trades work as well using a real $ account? The way u testing, it has always been sim... try use real $ and we will know how good the system really is. at the very least, you are not testing in the last couple of month for nothing.

All in good time Nutkaze.
Hopefully in Sept 2014 I will be back qualifying for another TopStepTrader Combine... $150K

Mike S

(login for full post details)

Greetings

3 for 4 today but struggled with making 4tix per trade!!!
Stopped after 4 trades, trading was narrow and relatively slow.
Still made some profit but $300 Net after commissions

Mike S.

(login for full post details)

Greetings

Another tough day for me.. 3 for 6 or 50%!!!
But on the bright side, keeping risks small, was able to get my 8tix!!
Net after commissions $700

I�m starting to get the hang of trading around LVA�s based off my composite dating back to 6/9

See the order flow on how it reacts.

I still need to execute better for a few trades I lost would have been 4/5 tix scalp winners by improving
My entry!!!

Hey, keep learning and always improve!!!

Thank you

Mike S.

(login for full post details)

continuation...

(login for full post details)

How does this new style compare with the rightline trading you spoke about earlier in the thread?

Thanks,
Gill

(login for full post details)

Gill

Still a work in progress but I see the long-term benefit...

I will be posting my progress.

Thank you for your interest...

Mike S.

(login for full post details)

Mike,

I look forward to it.

Gill

(login for full post details)

Mike what volume profile indicator are you using , is it the OFA vp? Can you please mention the name of the vp indicator

Sent from my SAMSUNG-SGH-I337 using Tapatalk

(login for full post details)

Greetings

Thought I�d do something different today.
Show a LIVE trade based on my new methodology

1 trade. +4tix�

08.19.2014-10.15.18 - MSULL35706's library

Waited patiently with entering above LVA and seeing strong ASK print / imbalance.

Enjoy and let me know your thoughts on the vid.

I will start to give audio commentary as time goes on.

Thank you

Mike S

PS: Here's ES Composite chart I used for LVA plotting.
Going back to early June 2014

(login for full post details)

optionzen

Mike what volume profile indicator are you using , is it the OFA vp? Can you please mention the name of the vp indicator

Sent from my SAMSUNG-SGH-I337 using Tapatalk

OZ

See my composite pic above for vendor info on indy.

Mike S.

(login for full post details)

Thanks mike.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

(login for full post details)

Greetings

Took a break from here posting 'Welly' type entries.
Now I'm focusing on P+V Zone Trades...

4 for 7 today with several MISSED WINNING setups!!!
Still trying to buy-in 100% on setup patterns!!!

Still moderate positive day after commissions…

Have a Great Weekend everyone!!

Mike S.

(login for full post details)

msull35706

Greetings

Took a break from here posting 'Welly' type entries.
Now I'm focusing on P+V Zone Trades...

4 for 7 today with several MISSED WINNING setups!!!
Still trying to buy-in 100% on setup patterns!!!

Still moderate positive day after commissions…

Have a Great Weekend everyone!!

Mike S.

Good job Mike! What are P+V Zone Trades?

Thanks,

Wolf

(login for full post details)

Greetings

2 and done today!!!

Patience and traded with momentum at my back!!!
Took [1]VZone trade and [1] Welly trade

Mike S

(login for full post details)

Took an additional Welly Long�

If all days could/can be like this

Mike S.

(login for full post details)

Mike glad to see you are back. Are you still using the OFA foot print and volume profile combination ? What are the p+v zones how do you trade them?

(login for full post details)

Greetings

7 trades
4 - W
2 - L
1 � BE

Last loser was counter!!! Need to be watchful there!!!!
Pleased with day and getting used to 610tix chart 

Still looking for �CAPPING� � 0 print to show Buyers/Sellers are cut-off at certain SR levels [Welly Style]

Sometime capping disappears, that why I try to print screen around trade executions as possible.

Mike S.

(login for full post details)

optionzen

Mike glad to see you are back. Are you still using the OFA foot print and volume profile combination ? What are the p+v zones how do you trade them?

OZ

Still using OFA to spot weakness / SR levels...
Just on another screen.
I like NOFT for I can set up on ANY chart, not just OFA. Give me more flexibility.

P = Peak trades... take below 21EMA
V = Valley trades... take above 21EMA

Just a formation I'm looking at but truly the Welly trades is what I'm focusing on now

Mike S.

(login for full post details)

Hi Mike
I like the horizontal lines. makes more sense than the channel lines. The markets do not see channels. I agree with you The NOFT is more flexible. Good work.
Amin

(login for full post details)

Greetings

3 for 4 today  Net 6tix on 4trades. $750 - $160[commissions] = $590
Last trade cut profit short [3tix] due to major new to be releases moments before getting out.
Yes, it went for 4tix, but to whippy on major new.
Take profits what mkt gives you prior�

Nice way to end week�

Have a great weekend folks!!!

Mike S.

(login for full post details)

Greetings

Today SHOULD HAVE been a winning Day!!!
As you can see it wasn�t...

Lots of learning on chart and mapped out other areas that should have been traded
And being better in sync with Price Action.

Again, when one tries to implement another strategy to the mix� mixed results most likely occurs!!!

I�m liking how I�m engaging the trades, just need more LIVE screen time to get it right.

I�m happy with things and will improve soon!!!

Thank you

Mike S.

(login for full post details)

Greetings

13 trades

6L / 7W

See some real nice ones to cheer about, and a few bummers to have nightmares over!!!

All in all, happy with my winners and will look to refrain from low probability trades�.

Happy Hallo!!!

Mike S.

(login for full post details)

Greetings

4 for 6 today.
Last trade took 3tix for it was tested several times and didn�t want a stop out

Net 5tix or $625 - $240[commissions] = $385

Hey, nice daily income regardless and accept that.

Look to take less losers for sure!!!

Thank you

Mike S.

(login for full post details)

Greetings

2 for 3 today and had to get my day on.

Had to run an errand and missed 2 nice shorts, with short term trend.

Happy regardless.. Profit is profit!!!

Net 3tix on 3 trades. $255 total

Mike S.

(login for full post details)

msull35706

Greetings

2 for 3 today and had to get my day on.

Had to run an errand and missed 2 nice shorts, with short term trend.

Happy regardless.. Profit is profit!!!

Net 3tix on 3 trades. $255 total

Mike S.

Hello Mike,

I read most of your post. I really appreciate you. I am new trader and make little profit today. Want to be a good trader. Hope get some good tips from here

(login for full post details)

Greetings

1 and done this morning.
Market slow and need to get my day on.
Will trade this week before starting next TST Combine.
Would like a few winning dayz!!!

Basic pull back to the 21 EMA for a WSR [Welly Support/Resistance] Trade

Showed Mkt. Delta chart and seeing 'CAPPING' [sellers were cutoff] to validate trade on 3rd touch.

Mike S

(login for full post details)

msull35706

Greetings

1 and done this morning.
Market slow and need to get my day on.
Will trade this week before starting next TST Combine.
Would like a few winning dayz!!!

Basic pull back to the 21 EMA for a WSR [Welly Support/Resistance] Trade

Showed Mkt. Delta chart and seeing 'CAPPING' [sellers were cutoff] to validate trade on 3rd touch.

Mike S

Hi Mike. Sharing your feelings. It was a slow open

(login for full post details)

Greetings

2 and done for day.

2nd Trade took 2tix, half profit, for I had to get going and trade took long time

6 tix is still nice income

Focusing on trade locations to EMA and Trend lines.
Trade near them and nice results!!!
Stray from them and nixed results.

Location... Location... Location...

Plus a rarity for me drawing trend lines/channels.
They do help in the long run...

Mike S.

(login for full post details)

Greetings

No trades for me today but here are 2 nice ones I would have taken
Given my trading method 

Would have made my daily goal of 8tix on 2 trades

Mike S.

(login for full post details)

Greetings

Hmmmmm��..

I have No comment!!!

Not a good way to end week!!!!

MS

(login for full post details)

Greetings

Taking a new direction with my trading.
Haven�t been to in sync lately and need to find my way�.

Giving LandShark Analytics a shot�.

So far, looking at market completely different�

Here�s a screenshot of my 1 trade short from an exhaustive area.
Price did overshoot, but still was able to ride it out.
The BEST trade should have been long earlier @ 2038 area around 6am EDT

I�m starting to grasp their methodology and excited to see where this takes me

Mike S.

(login for full post details)

Greetings

2 trades.
-5... +14

Took a PHOD - PLOD range short trade.
Learning to hang in there..

Thx LandShark!!!

Mike S.

(login for full post details)

Greetings

1 trade setup today
-6tix

Initial profit target was for 10tix

Enjoy weekend.

Mike S.

(login for full post details)

Greetings

Looking at ES, TF, CL, GC

Had a GAP Fill short on CL after Pit open.

CL was weak after Pit open and logical target was filling GAP at 63.02 area�

Target per day for now for me is $100

Mike S

(login for full post details)

Greetings

1 and done on CL

10tix or $100 less $3.38 comm

Building confidence to go live within 90 days!!!

2Step short below swing.
Should have gotten in much earlier on a 2Step, but momentum is strong on CL and felt comfy on taking it

Mike S.

(login for full post details)

2 Trades

1 on CL� 1 on ES

$187.50 for day on 1 contract� 2trades

Both trades based on structure

2Step off PLOD on CL�. 2Step of Prior Mid on ES

MS

(login for full post details)

Mike

Are you still using the trading setups mentioned in the start of this thread i.e using RLT indicators?
If so how are the results off late.

Thanks
SK

(login for full post details)

Did you ever go live?

(login for full post details)

Msull, you still around?

Mike Sullivan Trading Journal

Discussion in Trading Journals

Mike Sullivan Trading Journal

NinjaTrader Indicator Challenge!

HIRO Indicator by Spotgamma in Bookmap w/Brent Kochuba @ SpotGamma

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators