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TS' Trading Journal (Since 2014/9/8)
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TS' Trading Journal (Since 2014/9/8)

  #81 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
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Posts: 271 since Jun 2014
Thanks: 304 given, 165 received

20150311

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5 trades in TWTR, few more than I took recently, not very good day.

**Entry reason for 1st trade:
1. Potential double with yeasterday final LH
2. Big drop since yesterday, expecting a continuation of move down
I should not ignore the large bull bars which driving the price, with such strong bull movement, taking a oppo trade is doomed.

**2nd trade
Since the down side breakout have failed, a up side one is quite possible, I entered with LMT and STOP around the breakout area. I close half position with scalp profit, hope the other half could get better price, but failed, stopped out.

**3rd trade
Even it's a winning trade, but just a lucky one. Now, it is clear the market was in a downside trending trading range, which is a bull flag. I was not aware of this at that moment, I got a little emotional as the second trade was not profitable at last.

**4th trade
I was too eager the short again, even when the bull always-in situation is so clear. Even worse, I entered too early, a short signal has not been developped yet!!! Just a stupid trade, feels like a hunted animal find its way to the kitchen of hunter...!!!

**5th trade
Unfortunately, the market entered a trading range zone, and I bought at the top!!! This kind of market condition is not new to me, there has been 3 pushes up since the beginning. The pull back was not weak, so any further move up should be low possibility event.

I need to be more patient! I feel that because of better feeling in trading in recent weeks, I built some confidence. But my control of mental stability and experience in reading chart is still weak and not enough.

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  #82 (permalink)
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Thanks: 304 given, 165 received

20150312 - 20150313

No trades Thrusday + Friday~

Good weekend !

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  #83 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
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Posts: 271 since Jun 2014
Thanks: 304 given, 165 received

20150316


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Just one trade today, in TWTR, entry reason:
My first entry is not logical, it is more of what I hope than the reality. I saw many bear bars going down from the lower high with prominent wick at top. I assumed that the selling pressure was strong. Si I entered at the top of a bull bar wanted to catch a pullback to a lower low.

Soon after my entry, the price moved up. I added more above the MA wandering that a MA pull back was possible. The good part about the first two entries was that I'm now not panic any more with a lossing position. I will not reverse my position or close it once I see some big movement in opposite direction. For example, today TWTR is falling, the uptrend is strong but never had a chance to flip the always-in short situation. I'm holding only 200 shares in short, not a big deal.

The bulls were stopped at 46.70, created a micro double top, then became a triple. I added more as I see this trading range just above MA in a bear day. But I exited too early. Once my account balance got green, I exited. Of course I was somehow under pressure, even it is a loss I can afford. Actually, I was staring at 1min chart, when the upside wick was developing in my entry bar. When the price come down I did not aware that my entry bar had formed a failed upside breakout. If I did, I would definately hold it longer.

But the result is already not bad since my initial entry was not logical.

----------------------------------------------gorgeous split line---------------------------------------------------------

Before today's opening, I was thinking about how to imporve my trading by holding my winning position longer. I think a fixed ratio profit target strategy is worth trying. I get this idea from the trading journal of @jitasb. He (please tell me if I'm wrong) is using a fix profit target 50c and 100c. If I want to progress faster, I should also have a fix profit target rather than try to win evey trade, or just covering every lossing position.

I think a 1:1 stop-profit ratio should be my first objective. I should only enter a trade once I can convince myself that the profit target is possible and equal to the stop loss. I'll force myself to be more patient regarding entering and exiting a trade. I'll leave at least half of my position at 1:1 target, and take note if market offers more, even if I have exited all position. I'll try this idea a bit in SIM trades and then in real one.
Here is the 1:1 trade in SIM in TWTR, target reached!
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  #84 (permalink)
Trading Apprentice
Dallas, Texas USA
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 5 since Mar 2015
Thanks: 14 given, 2 received

Thanks for sharing

I am paper trading bonds. Wanting to learn and testing a couple of strategies. Thanks for sharing.

Luis.

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  #85 (permalink)
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20150317

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One trade in FB, entry reasons:
1, Gap up and big bull bars set the market in always-in long situation
2, Three push-down before breakout the high of first hour, which is a bull wedge pull back in a bull day
3, Good continuation after upside breakout (the bull bar before my entry bar)

Stopped out, 2 important facts I missed:
1, My entry area was a potential double top with yesterday's high, and not far from R2. This may cause at least a pull back or even reversal(although unlikely)
2, The leg up that breaks the 1st hour top is made of 4 bull bars. Each one is larger than the previous one, which suggests a climax.

I could hold my losing position and add more as price moving downside, but I have a relatively weak mind today, I prefer a small loss.

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TWTR entry reasons:
1, trendline break with strong continuation(the bar before my entry)
2, failed bear breakout (doji bear bar 2 bars before my entry)
3, Upside breakout of a trending trading range (a downside moving one, bull flag) in 15min after a bounce from MA

My initial targets was 2 ticks below R1, but the breakout of previous high has a lot of momentum, I assume that with this momentum there must be a chance of making a double top with yeasterday's high. Then the price broke the yeasterday's high quickly in the next bar, I exited the the profit covered my losing trade in FB.

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  #86 (permalink)
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20150318-20150320

May not be able to trade in the following days bacause my wife is about to give birth of our first BABY!!!
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Good luck and good trade to every one!!!

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  #87 (permalink)
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tshunhu View Post
May not be able to trade in the following days bacause my wife is about to give birth of our first BABY!!!

Congratulations @tshunhu!



Mike

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  #88 (permalink)
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tshunhu View Post
May not be able to trade in the following days bacause my wife is about to give birth of our first BABY!!!
Good luck and good trade to every one!!!

祝好运 "good luck"

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  #89 (permalink)
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Posts: 271 since Jun 2014
Thanks: 304 given, 165 received

20150319

Big boy born on the 19th Mars 2015, big one of 4.27kg!!!

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  #90 (permalink)
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Congtrats


Congratulations. I hope mom and baby are ok and in good health.

Luis.

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