NexusFi: Find Your Edge


Home Menu

 





SniperDaytrader's journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Pepe2000 with 62 posts (76 thanks)
    2. looks_two KahunaDog with 5 posts (0 thanks)
    3. looks_3 lemons with 2 posts (2 thanks)
    4. looks_4 bobwest with 1 posts (2 thanks)
    1. trending_up 12,886 views
    2. thumb_up 80 thanks given
    3. group 10 followers
    1. forum 72 posts
    2. attach_file 101 attachments




 
Search this Thread

SniperDaytrader's journal

  #71 (permalink)
 
Pepe2000's Avatar
 Pepe2000 
Bratislava, Slovakia
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: NQ, YM, ES
Posts: 94 since Sep 2012
Thanks Given: 12
Thanks Received: 111



Another difficult day. Markets kept falling from the beginning and when the consolidation started the volume faded away leaving me with little chance to enter the market properly. And to add to my misery I had also some technical difficulties when I entered the market twice by mistake.

T1 Was good trade which simply didn´t work out. Only Nasdaq broke the microconsolidation down with volatile bar, I saw some trapped bears followed by lack of interest to sell lower. So I went long. As the position returned to test the low again I cancelled it with flat shortcut and got 3 ticks slippage. -9

Point A This could have been aggressive short entry (for me) but I am currently trying to avoid those trades, so I didn't take it.

T2 and T3 Average trade, not so clear from beginning. I was trading more structure of the market than actual market auction. The market went my way exactly to touch my profit target but I didn´t get fill. I should have closed the position right away but I gave it too much space. Then I closed it with flat shortcut when it came close to my stop loss, but at the same time market triggered my actual stop loss. So I got out from the position and my platform opened reverse (short position) resulting in additional loss. -11; -3

Point B This was very clear setup which I missed (I was paralysed )

T4 and T5 First I enterd too early. I realised my mistake and cancelled the position at BE. Then I did reentry after the market tested the willingness of bulls to buy higher with negative response. After I entered I saw some bad signs in auction so I opted for a quick exit at BE-2, but instead of hitting flat shortcut I hit the sell shortcut so I added antoher contract to already bad position. Then I flated both contracts. 0; -3; -1

T6 Finally very nice trade from the local high. I knew I am correct after I watched the auction at the price levels of my entry but I didn't want to risk homerun. I needed to lower my drawdown. So I opted for quick +10.

T7 I was waiting for this setup from the last entry and I planned it as my last entry for today. Volume was already at critical levels and in such conditions I am losing my edge. Very nice and quick trade without any heat. Again I opted for quick +10 to lower my drawdown.

After all the technical difficulties, missed opportunities and bad market, the -$67 loss feels like small victory

Follow me on Twitter Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
PowerLanguage & EasyLanguage. How to get the platfor …
EasyLanguage Programming
Better Renko Gaps
The Elite Circle
REcommedations for programming help
Sierra Chart
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
21 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #72 (permalink)
 
Pepe2000's Avatar
 Pepe2000 
Bratislava, Slovakia
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: NQ, YM, ES
Posts: 94 since Sep 2012
Thanks Given: 12
Thanks Received: 111


Follow me on Twitter Started this thread Reply With Quote
  #73 (permalink)
 
Pepe2000's Avatar
 Pepe2000 
Bratislava, Slovakia
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: NQ, YM, ES
Posts: 94 since Sep 2012
Thanks Given: 12
Thanks Received: 111


February 3rd, 2016


Consistent profits for everyone
Follow me on Twitter Started this thread Reply With Quote




Last Updated on February 10, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts