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Mike Sullivan Trading Journal


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Mike Sullivan Trading Journal

  #111 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


patidar View Post
Thats all that matters Mike.

Works for you and you are making a living only thing that matters. Nice to see retail traders make it.

Patidar

Yes, making a living now is the ultimate goal.
Still finding my edge with this methodology.
I believe over time I can make it. Just updating journal showing my progress.

Mny Thx

Mike S.

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  #112 (permalink)
radar53
st. louis missouri united states
 
Posts: 4 since Dec 2013
Thanks Given: 0
Thanks Received: 0

Hi Mike,
Thanks for posting your progress. Are you in the Right Line Trade room every day, or just using their software ?

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  #113 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809



radar53 View Post
Hi Mike,
Thanks for posting your progress. Are you in the Right Line Trade room every day, or just using their software ?

I'm currently in room. Have access with system purchase. Mark is a good trader but I have a different way of trading and making it my own, so to speak.
I start my day at 7am, NY Time, and close to being done when Right Line Room opens around 8:30-8:45am, NY Time.
Having the software one needs to anticipate the trades and not wait for call outs. Need to trade on your toes, not on your heels in fast moving markets.
As you can see, I trade NG, CL, GC.....
NG is like a pinball machine at times, which can be both good and bad... But there are price patters that repeat and that's the whole goal on dialing in on those patterns.

Mike S

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  #114 (permalink)
radar53
st. louis missouri united states
 
Posts: 4 since Dec 2013
Thanks Given: 0
Thanks Received: 0

Mike,
Got your private msg, but wasn't allowed to respond. I'm actually in the room now, just don't have the software yet.
Thanks again.

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  #115 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

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

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  #116 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

5 for 6 today

7:47am... GC -11 Weak 3LineBreak > 50MA. Should not have taken!!!

8:03am... NG +5 2LineBreak < 15MA

8:25am... NG +5 ABC

8:30am... CL +5 3LineBreak

8:45am... GC +5 Power Entry off 15MA

9:14am... GC +5 Momentum > MA's

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  #117 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

2 and done for day!!!

9:35am... GC +5 Break above 15MA

9:42am... CL +5 3LineBreak < 15MA


Showed another GC chart of nice pullbacks to 15MA that I didn't take...

Mike S.

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  #118 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

6 trades
3 for 6...
Both GC trades were in chop and should have only taken 1 but certainly not 2...

7:43am... GC +5 Momentum break below 15MA
8:12am... GC -5 Momentum break below 15MA - took 5tix loss due to lack of followthru
8:33am... GC -10 Momentum break below 50MA - CHOP area!!!
8:37am... GC -10 Momentum break below 50MA - CHOP area!!!
8:42am... CL +5 2LineBreak above 15MA
9:22am... NG +5 Momentum break above 15MA. Was a few tix outside of safe zone.. still took

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  #119 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809

4 for 5 today

8:53am... NG +5 Break above 15MA 15/50MA's Green
9:21am... CL -10 3LineBreak above 50MA. No continuation
9:35am... GC +5 3LineBreak below 15MA
9:40am... CL +5 ABC above 50MA
9:48am... CL +5 MOM [ momentum] above 15/50MA's

Net $225 after commissions

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  #120 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
Posts: 377 since Aug 2010
Thanks Given: 141
Thanks Received: 809


2 and done!!!

1st trade experience 4tix slippage so managed trade at 1/2 profit or so.
GC trade was 5tix...

7:17am... NG +5 3LB above 15MA. 15/50MA's Green [4tix slippage on entry]
7:32am... GC +5 3LB/MOM above 15MA. 15/50 MA's Green


Mike S.

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