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Weekly Summary 12/14/15 to 12/18/15
Live Trades: 6
Week’s P/L: $465.56
Starting balance for the week: $3055.17
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $3570.23
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: $570.23
Fortunate to have a decent week. Needed this because my confidence was running low. It started to feel like every trade was going to fail.
Revisited looking at 1 tick charts when price approaches a set-up that meets my entry criteria. This is something I experimented with at one time but dropped in order to follow more markets. The idea is "surf" the market to find certain "looks" when price is about to take off or fail.
Two trades on YM: -1t and +6t. The first trade was an entry error. The second trade was a nice entry and had potential but I got out too early. TRM +19t, -0t.
One trade on 6E: 0t. Exited at BE when the 1 tick chart lost its energy. This saved a full stop out. TRM +4t, -22t.
Used 1 tick charts to pinpoint entries today. So far looks like it has potential to be a nice confirming tool. Waiting for energy to come in to the market means entries are a little later than I am used to. However, I avoid a lot of entries that meet the basic context criteria but have no energy behind them and thus fail. Also will exit if the energy dies like it did in 6E today, avoiding a bigger loss.
Not the best day to trade but did miss a great move in NG.
1st trade taken today was an 8 tick loss on GC. Quickly discovered that the platform was set on sim. Merry Christmas. It usually doesn’t go that way.
Placed markers in real time at areas where the one tick charts were showing good order flow. Most areas could have produced profits or at the very least BE. Only a couple losses. Generally encouraging results. Did not see many areas where I was willing to take risk during this holiday week.
One trade on NG: 0t.
-Total reasonable movement +6t, -23t.
-Looking for a late run into the close and after. Happens often in NG. Did not happened this time so exit at BE. Missed a great day on NG earlier.
I believe you are one of many that have said that. However, @Tap In believes he can be successful watching several markets. Personally, I have difficulties trading more than one. However, that is the reason for my success, as I only trade one market.
I've traded the same six markets for the better part of the past year. Occasionally I'll weigh the pros and cons. Right now I like the opportunity six diverse markets offer and feel that in the long run it will pay off.
By the way, congratulations on your progress. You seem to be doing quite well.
One trade on NG: 0t.
-Total reasonable movement +11t, -3t.
-Truthfully entered this trade thinking I was in sim so naturally I was a bit skittish once in. When it moved my way a little bit I went to BE. At least it made target.
