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SniperDaytrader's journal
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SniperDaytrader's journal

  #1 (permalink)
Elite Member
Bratislava, Slovakia
 
Futures Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Favorite Futures: NQ, YM, ES
 
Pepe2000's Avatar
 
Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

SniperDaytrader's journal

I spent the better part of the last 6 years of my life trying to succeed in trading. I blew couple of trading accounts, lost lot of money and time. I felt both pure joy and deep frustration while on my path. I traded different methods and strategies since 2009 when I entered my first live trade. I traded ES, FDAX, 6E, TF (Russell 2000), NQ, YM.

I am daytrader and I am currently trading NQ and YM (E-mini Nasdaq and e-mini DowJones). I am reversals trader and I use volume profile, SR zones, and price action to find interesting price levels to enter the markets. I am using orderflow (footprints/numbersbars) for precise timing and trade management.

I created also my own blog, where I will share my results, profits, trades (full disclosure), and also my opinions in some articles. I also tweet my entries while I trade (whenever possible).

Consistent profits for everyone

Last edited by Pepe2000; December 21st, 2015 at 06:29 AM.
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  #3 (permalink)
Elite Member
Bratislava, Slovakia
 
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Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

Weekly results: 4th week of 2015


This week was extraordinary thanks to series of unexpected events. The volatility was high but that was not the biggest issue. All the big market moves which I am used to catch at the beginning (at least some of them) had very strange start. Like if there was something missing in the orderflow. In addition, the markets have been very nervous with lot of jumping around. This unusual behaviour led to to my frustration, which took the better of my patience and resulted in overtrading and blackout (Tuesday). Even when I came back from this during the rest of the week, it left me with bad taste in my mouth.

My detailed results from SierraChart trading blog are in attachement.

Consistent profits for everyone
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Posts: 91 since Sep 2012
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Overall results from 7th of Jan, 2015

I am attaching also my equity curve and trade activity log from SC. The red markers divide weeks, the black ones days. Please remember those are single contract results. I had some difficulties since the beginning of this year resulting in overtrading and thus lowering my win% ratio. I had blackout also this Tuesday (16 trades).

Blackouts are big threat for me. All of my big losses originated from blackouts.

My current challenges are:
- lowering the amount of trades
- working on patience
- working on discipline (specially following the Money Management rules)

Consistent profits for everyone
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SniperDaytrader's journal-23.1.2015_total_results.png   SniperDaytrader's journal-23.1.2015_equity.png  
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26.1.2015 premarket preparation

NQ

Nasdaq is in long term uptrend, close to it’s high from November last year. Premarket opened with gap which the market later filled. I am preplanned 2 support and 2 resistance zones (see the pic). I prefer long trades from globex low at 4233. Otherwise, I will be looking at other dynamic S/R zones during the trading.

YM

Dow Jones is also in uptrend from long term perspective. DJ created also gap but was too weak to close it (as of 1.5 hour before opening). I also prefer long trades in DJ from preplanned zones. 17500 looks promising (besides other things it is also nice round number).

In general

After the last week’s nervousness and being Monday with no significant data releases I am expecting uncertain market, meaning I will be more careful than usual and wait for clear situations.

Consistent profits for everyone
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SniperDaytrader's journal-26_1_pmp_nq.png   SniperDaytrader's journal-26_1_pmp_ym.png  
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Markets have been nervous from the beginning as I expected and wrote in my pre market preparation. I also wrote: ”I also prefer long trades in DJ from preplanned zones. 17500 looks promising (besides other things it is also nice round number)”. And look how nicely Dow Jones respected the pre planned support zone.

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Trades
T1 Long in NQ. I was too late and momentum was gone. Hasty trade. -10
T2 Break in NQ. I saw lot of trapped eager bulls in agony here. I entered from nice price level but NQ didn’t react as I expected and this being not really my primarily type of trade I opted for quick +4
I missed the long in YM from support because I was short in NQ.
T3 Was partly my fault because I didn’t take the offered 8 ticks, partly bad luck when I was hit by stop run. -12
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T4 Short from VAL, but again too late. When I realized my mistake I took -5
T5 Very nice long from support zone for nice price which allowed me to give the market more space, so I let it run to +18
T6 Another break, this time trapped bears. Quick +10
T7 Flip trough ORH. Quick +9

Results:
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• too many trades again
•only 57.14% win ratio
•I took T1 and T4 too late
•T3 loss is ok, but could have been managed better

Consistent profits for everyone
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Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

27.1. pre market preparation

NQ

Nasdaq moved down from yesterday´s trading range. It strikes me as if NQ is seeking for bottom border for consolidation. 4200 price level could be a good candidate for it. My guess is that the break in premarket was a false one and we will see NQ return to 4240 – 4285 levels.

YM

Similar situation in YM but the situation is less readable for me. I am also expecting the market to pull back to higher levels. I will be waiting for opportunities for longs.

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SniperDaytrader's journal-27_1_pmp_ym.png   SniperDaytrader's journal-27_1_pmp_nq.png  
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27.1.2015 trading results

Again extremely tough markets. Most of the features of my trading strategy simply didn’t work today. Markets move in very strange way – there are lot of jumps back and forth. There is basically no regular rotation anymore, just big jumps. Because of this I was stopped out several times on 1-3 ticks precisely (market moved beyond my SL just 1-3 ticks). This triggered angry behaviour and I overtraded again.

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Trades
T1 ok +7
T2 short in NQ, again ok, but marked moved 1 tick beyond my SL -7
T3 again, thanx to extremely volatile jumps, I was stopped out from nice trade. -9
T4 again good trade, again market moved 1 tick beyond my SL -6
•T5 tried quick short, didn’t work out -3
•T6 this was my fault, took the price too high -13
•T7 I knew I am right with the idea of markets moving back up, so I reenterd and widened my SL to 20 ticks. +24•T8 and T9 tried to short the MID twice. -0 and -9
•T10 again my fault in trade management, I should have taken the 20ticks profit. And I had bad luck after that when the market went exactly for my SL. -13
•T11 this was technical fault, I forgot LMT order on the second chart while I was watching YM. -6
•T12 I had strong feeling the markets are going up. I entered at very nice price level and placed my PT at ORL. However the market couldn’t break up from the consolidation and I grew tired of the position so I killed it after 18min. Of course, 10 seconds later the market climbed trought the ORL almost without stopping. +13
•T13 short NQ, but the market started to chop, out at +1
•T14 I tried an aggressive long, but the market did a pullback first. -14
•T15 Finally I entered when I saw trapped bears at MID and holded the position longer. +41

Even when I managed to cover most of the loss with the last trade, I am not happy at all with today’s trading. I could blame the markets all day long but the truth is that I shouldn’t trade at all or at least not so much.

Results
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Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

28.1.2015 trading results

Today is FOMC in the evening (afternoon US time), so I expected the markets to be lazy and move slowly. That is why I was trying to take some trades as soon as possible after opening with at least some volatility. As the markets unfolded however, we could see quite volatile move down.

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T1 I tried to enter soon. The 17360 level in YM was interesting for me and I saw the market reject the price underneath it. I couldn’t catch the price sooner so my entry price was quite high. That is why I didn’t leave the market more space to unfold and killed the position at BE+1 when I didn’t see willingness to rise.

T2 This situation was interresting both in NQ and YM. I decided to short YM. The entry was too low and market moved one tick beyond my SL stopping me out. Bad timing and bad luck. -8

T3 This was very nice ”sniper” trade. Long in NQ, market took my LMT order precisely and I was in the position without any heat. PT was hit in matter of seconds. These are the trades I like most. +14

T4 Hasty trade, I should have waited for the market reaction and then I should have killed the position at -6 -7. I married the trade and took full SL. -12

T5 Reentry of previous idea. This was exactly the reaction I should have waited for. Now I just barely covered the previous loss. +13

T6 Long in YM. I was looking at this area long before the market entered here. It was globex low, and low of yesterday’s swing. When I look back at the trade and orderflow I think the area was too visible and well prepared market maker’s trap. I let them lure me in this time. -7

T7 Very nice long. Look how the markets respected the support zone from my premarket preparation (see previous post). I saw strong and healthy move up so I left the market more space do develop. I took my profit according my trade management rules for +25 ticks.

With this trade I reached my perfect daily profit 80-120 USD/1 contract and according to my money management rules I stopped trading.

Results:
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Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

29.1.2015 trading results


I was done very quickly today. It took me just 40min to reach my PDP (perfect daily profit). I saw another good opportunities, but when I reach PDP so fast and effortless I usually stop trading for that day because I don’t want to spoil it.
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T1 I saw nice situation in orderflow. Many bears trapped and in agony. I gave the market little time so it could react to them. I watched patiently and entered long after I saw the market stucked. I wanted to see a quick rejection and momentum to the long side. I didn’t see anything so I opted for quick exit at BE +1

T2 Well, I have to say that this time I was wrong about the market structure. I was expecting the market to fall because it already tested the globex high and I saw strong bears. I went short from 17146 and took quick +9

I missed nice opportunity for short at 17180 but the move was too quick and I didn’t react in time.

T3 I changed my view on the market and went long from 17133. Again, I didn’t hope for a homerun and I took quick +10. I tweeted about this trade, it is excellent example of my trading style. Duration: 14 secs, heat: 0 ticks, profit: $50

Results:

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Today’s trading lesson:
Take your profit quickly and even if you are wrong in market assessment, you can still profit!

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