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It has been almost 2 months since my last live trade. Been present every day just observing the markets.
Two trades today:
Trade 1: 6E, -1 tick:
-Stop 12t
-Total Reasonable Movement (TRM): -2t, +12t.
-Held for larger gains due to an initial strong move, but it came back to BE to take me out with 1t of slippage. I think it was the right choice to hold.
Trade 2: M6E, +6 ticks:
-Stop 12t
-TRM of -0t, +17t.
-Used M6E because I was not super confident. Again tried to hold for larger gains but the market was having none of it.
Summary: Finally took some trades. Felt good to break the seal.
Both trades made it to +1R.
12/9/15 Wednesday
Live Trades: 1
Day’s P/L: -124.60
Trade 1 CL: -12t
-Total Reasonable Movement: +3t, -156t
-Thought it was a pretty decent trade but got caught in a trend change. Did not have the confidence to enter another trade.
Weekly Summary 12/7/15 to 12/11/15
Live Trades: 1
Week’s P/L: -$124.60
Starting balance for the week: $3179.77
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3055.17
Beginning account balance from first live trade on 3/10/15: $3000.00
Total Withdrawals: $0
Total Deposits: $0
Total Gains/losses from 3/10/15: $55.17
Confidence is low right now. Do not trust my set ups due to poor results over the past couple of months. Need to work through this. I have begun practicing with replay using various techniques. Hopefully this will help me improve and work through my issues.
Trade 1: YM, +6 ticks:
-Stop 15t
-Total Reasonable Movement (TRM): +17t, -5t.
-Should have taken 1R to start the day but again held for more and it came back.
Trade 2: M6E, 0 ticks:
-Stop 12t
-TRM of +8t, -35t.
-Trade only went +8t in my favor. No potential.
Trade 1: NG,
-P/L: +10t
-stop: 10t
-Total reasonable Movement: +31t, -0t
-Good low stress trade with zero movement against me and 3R in my favor. Would like to see a lot more of these!
-Things have come full circle. I started watching a 1 tick chart again. This was introduced to me on another forum as a way to “surf” price action to get a feel for its movement. I’ve done it in the past with some success but got away from it for some reason, probably because it takes up screen real estate and it’s hard to follow more than one instrument. Very interesting though. I felt like I was really getting a good feel for when price was about to take off at key areas. Tried a couple trades at the end of the day for kicks. Looking forward to exploring this further.
