let me introduce myself: I am new to trading (approximate 1 y). After a bad crash in my account a few years ago, I studied a lot of trading literature, webinars, seminars and trial-and-error paper trading. Now I thought I should give it a serious try again. And that post convinced me finally starting this journal:
Limit Buy S1 (5840) was in between 08:00 and 09:00 preMarket so I didnt trade that one.
Possible entry here again will not work.
In the DAX I have to wait for the R1 (5994) or the top mark R3 (6114) for action. But probably there my trade direction will change to long. So DAX in between 5840 and 6114 will be range trading. Better no trading.
Cool, I just read that artilce from "The Kirk Report" about uncertainty. Thats exactly what matters me in the DAX (BUND) today. I am uncertain. For me that results in not trading this day.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,778 since Jun 2009
Thanks: 32,304 given,
97,558
received
Nice to see your back
Can you tell me, did the free iPad / $600 tablet contest motivate you to restart your journal? I'd like to know so I can keep track of which contests work the best.
Short Entry 2 contracts - this got stopped out. maybe the stop was too close
2nd try - short again - 1 contract at 124.17
this time I tried to buld a pyramid -added 1 contract at 124.10
this got stopped out but with a little profit.
The following 2 users say Thank You to eboarder for this post:
I have been trying to short the Bund Future 2 times this morning. It didnt work well.
now if the ES opens strong hopefully, I have tried again. lets see how it works...
The following 3 users say Thank You to eboarder for this post:
lots of bad luck today, I missed one good run which could have made my day, then only loosers and BEs
But thats how trading works, you cannot win every day.
For next week: I should listen to myself, when in doubt, either trade only 1 contract (half position) or dont trade at all
have a great weekend everybody
The following 2 users say Thank You to eboarder for this post:
maximum risk (*): per trade $300, max $800 for the day
my psychological and physical state: very good, but today there will be lots of distraction, so I will not be concentrated on trading
my goal for the day: only trading if I can concentrate/focus on the charts, only in trend direction
FGBL ---> expected direction: DOWN longterm trend (~3weeks) UP M- (*1) (*3)
shortterm trend (3 days) DOWN M+ (*2) (*3)
support levels___: 123.86 ## 123.60 ## 123.45 ## 123.29 resistance levels: 124.12 ## 124.52 ## 124.60
FESX ---> expected direction: UP
longterm trend (~3weeks) DOWN M- (*1) (*3)
shortterm trend (3 days) UP M+ (*2) (*3)
support levels___: 3015 ## 3000 ## 2982 ## 2967
resistance levels: 3040 ## 3053 ## 3080 ## TOP
ES ---> expected direction: UP
longterm trend (~3weeks) UP M- (*1) (*3)
shortterm trend (3 days) UP M+ (*2) (*3)
support levels___: 1325.00 ## 1319.50 ## 1312.00
resistance levels: 1339.50 ## 1343.00
6E ---> expected direction: UP
longterm trend (~3weeks) UPM+ (*1) (*3)
shortterm trend (3 days) UP M+ (*2) (*3)
support levels___: 1.3795 ## 1.3750 ## 1.3720 ## 1.3700
resistance levels: TOP
Footnote:
(*1) longterm trend is measured on 60 minutes chart (~ last 3 weeks)
(*2) shortterm trend is measured on 60 minutes chart (~ last 3 days)
(*3) I added the "M" = Momentum, if a trend gets stronger "+" or weaker "-"
The following user says Thank You to eboarder for this post:
maximum risk: per trade $300, max $800 for the day, max 2 contracts
my psychological and physical state: I am feeling well, prepared for the trading day, today again there is lots of distraction going on
my goal for the day: only trading if I can concentrate/focus on the charts, I want to focus on the S/R levels, if the situation is clear on these points
FGBL ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M- resistance levels: 124,52 ## 124,60 ## TOP support levels: 124,15 ## 124,06 ## 123,85 ## 123,30-123,59
FESX ---> expected direction: DOWN longterm trend (~3weeks): DOWN M- shortterm trend (3 days): UP M- resistance levels: 2979 ## 3006-3009 ## 3027 (VPC) ## 3031 ## 3039 (VPC) support levels: 2958 ## 2944 (VPC) ## 2923
ES ---> expected direction: DOWN longterm trend (~3weeks): DOWN M+ shortterm trend (3 days): RANGE 1292-1336 resistance levels: 1305,5 ## 1310,5 ## 1313,25 ## 1319,25-1320,5 support levels: 1299 (VPC) ## 1291,5-1292,5 ## 1284,5 ## 1274,5 (VPC)
6E ---> expected direction: UP longterm trend (~3weeks): UPM+ shortterm trend (3 days): RANGE 1,3761-1,3853 resistance levels: 1,3811 (VPC) ## 1,3849 ## TOP support levels: 1,3751 (VPC) ## 1,3722 ## 1,3701 ## 1,3660 (VPC)
The following 2 users say Thank You to eboarder for this post:
I made one mistake and traded against my rules for today. I wanted to sell the resistance and buy the support, but I traded a breakout. (Afraid of missing a move...) and got stopped out, well that part is ok.
FGBL:
S/R were quite visible and prices stopped at each support.
FESX:
a little bit confusing, up and down moves, no direction
ES:
after the strong down move yesterday, very quiet today
hit clearly some S/R levels
6E:
made a new TOP for the period.
Lessons learned: I have to stick to my S/R levels and try not to enter breackout trades, since I have no statistics collected for breakouts
The following 2 users say Thank You to eboarder for this post:
maximum risk: per trade $300, max $800 for the day, max 2 contracts
my psychological and physical state: I am not so relaxed today, but I am sitting concentraded at my desk
my goal for the day: Today I want to stick to my rules, and only trade at S/R levels, choosing good stop points, and scale out if in a loosing position
FGBL ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M+ resistance levels: 123,93 ## 124,12-124,20 ## 124,39 ## 124,52 ## 124,60 ## TOP support levels: 123,30-123,59 ## 123,44 ## 123,30 (VPC) ## 123,12 market opinion: DOWN => sell the resistance
FESX ---> expected direction: UP?? longterm trend (~3weeks): DOWN M- shortterm trend (3 days): DOWN M- resistance levels: 2979 ## 2993 ## 3006-3009 support levels: 2958 ## 2944 (VPC) ## 2923 ## 3027 (VPC) market opinion: UP? => buy support
ES ---> expected direction: RANGE longterm trend (~3weeks): DOWN M- shortterm trend (3 days): RANGE 1297-1336 resistance levels: 1313,5 ## 1319,25-1320,5 ## 1325 ## 1328,5 support levels: 1299 ## 1291-1292 ## 1305,5 ## 1310,5 ## market opinion: RANGE market => sell top, buy bottom
6E ---> expected direction: UP longterm trend (~3weeks): UPM+ shortterm trend (3 days): UP M+ resistance levels: 1,3865 ## 1,3889 ## TOP support levels: 1,3850 ## 1,3833 ## 1,3811 ## 1,3795 market opinion: UP market on a TOP
The following user says Thank You to eboarder for this post:
maximum risk: per trade $300, max $800 for the day, max 2 contracts
my psychological and physical state: very good condition, before the weekend and I am very exited about the numbers today
my goal for the day: today I will wait for the numbers at 08:30 (14:30 german time)
FGBL ---> expected direction: RANGE longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M+ resistance levels: 122,88 ## 123,0 ## 123,30 ## 123,45 support levels: 122,66 ## 122,56 (VPC) ## 122,35-122,30 market opinion: wait for 08:30 Non Fram
FESX ---> expected direction: RANGE longterm trend (~3weeks): DOWN M- shortterm trend (3 days): DOWN M- resistance levels: 2993 ## 3006-3009 ## 3027 (VPC) ## 3039 support levels: 2980 ## 2967 ## 2958 (VPC) ## 2944 (VPC) ## 2923 market opinion: wait for 08:30 Non Fram
ES ---> expected direction: RANGE longterm trend (~3weeks): DOWN M- shortterm trend (3 days): RANGE 1297-1336 resistance levels: 1331,5 ## 1344,5 ## 1336 ## 1338,5 support levels: 1328,5 (VPC) ## 1325 ## 1320 ## 1310,5 market opinion: wait for 08:30 Non Fram
6E ---> expected direction: UP longterm trend (~3weeks): UP M+ shortterm trend (3 days): UP M+ resistance levels: 1,3976 ## TOP support levels: 1,3940 ## 1,3890 ## 1,3866 ## 1,3850 market opinion: wait for 08:30 Non Fram
The following user says Thank You to eboarder for this post:
maximum risk: per trade $300, max $800 for the day, max 2 contracts, max 15 ticks SL
my psychological and physical state: its monday, I am feeling good, but I have to be careful today, because of my losses from last week
my goal for the day: trade in trend direction only, watch max SL size
FGBL ---> expected direction: DOWN longterm trend (~3weeks): DOWN M+ shortterm trend (3 days): DOWN M- resistance levels: 123,30 ## 123,45 ## 123,55 ## 123,60/67 support levels: 123,11 ## 122,87 ## 122,56 (VPC) ## 122,35-122,30 market opinion: DOWN
FESX ---> expected direction: DOWN longterm trend (~3weeks): DOWN M- shortterm trend (3 days): DOWN M- resistance levels: 2944 ## 2958 ## 2967 ## 2987 support levels: 2923 ## LOW market opinion: DOWN
ES ---> expected direction: RANGE longterm trend (~3weeks): RANGE M- shortterm trend (3 days): RANGE M- resistance levels: 1324,5 ## 1329 ## 1331,5 support levels: 1313,5 ## 1310,5 ## 1306 ## 1299 market opinion: UP
6E ---> expected direction: UP longterm trend (~3weeks): UP M+ shortterm trend (3 days): UP M+ resistance levels: 1,4007 ## TOP support levels: 1,3940 ## 1,3890 ## 1,3866 ## 1,3850 market opinion: UP
The following 2 users say Thank You to eboarder for this post:
maximum risk: per trade $300, max $800 for the day, max 2 contracts, max 15 ticks SL
my psychological and physical state: undefined, I should not loose trust in my trading, I have a feeling of fear and therefore I am afraid of taking a trade
my goal for the day: watch the market and look out for clear signals at the S+R levels, small position size, scale out in a loosing position
FGBL ---> expected direction: CHOP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): UP M- resistance levels: 121,91 ## 122,33 ## 122,56 ## 122,64 support levels: 121,58 ## 121,41 ## 121,32 ## LOW
FESX ---> expected direction: CHOP longterm trend (~3weeks): DOWN M+ shortterm trend (3 days): DOWN M+ resistance levels: 2953 ## 2966 ## 2982 ## 2994 support levels: 2911 ## 2901 ## 2886 ## 2877
ES ---> expected direction: CHOP longterm trend (~3weeks): RANGE shortterm trend (3 days): RANGE resistance levels: 1324,5 ## 1329 ## 1334,5 ## 1338,5 support levels: 1310,5 ## 1306 ## 1302,75 ## 1297,5
6E ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M+ resistance levels: 1,3923 ## 1,3940 ## 1,3974 ## 1,4007 support levels: 1,3850 ## 1,3834 ## 1,3796 ## 1,3749
The following 2 users say Thank You to eboarder for this post:
Finally I have ended my testing period. This week I have been testing the slow stoch indicator. With no great results.
I finally cleaned all my charts again, now again almost naked.
What I have learned from this, there is no indicator that is showing in a secret direction. I have all information in the price charts. Taking f.ex. several Slow Stochastic indicator for diversion, I can see the same reversal in the price. One thing it helped me I have to admit is that using indicators, they are giving me signals. By looking at the prices I have to give the signals to myself. But thats just a learning period until I notice these signals.
The following 2 users say Thank You to eboarder for this post:
maximum risk: after the holiday, watch the market for 2-3 days
my psychological and physical state: very recoverd, but a little tiered from the holiday
my goal for the day: watch the market for 2-3 days, no trades
FGBL ---> expected direction: CHOP longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M+ resistance levels: 122,98 ## 123,36 ## 123,86 ## 124,34 support levels: 122,58 ## 122,30 ## 121,87 ## 121,32
FESX ---> expected direction: CHOP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): Chop resistance levels: 2726 ## 2812 ## 2845 ## 2872 support levels: 2669 ## LOW
ES ---> expected direction: UP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): UP M+ resistance levels: 1276,5 ## 1283,5 ## 1292,5 ## 1297,75 support levels: 1267,5 ## 1257,5 ## 1250,75 ## 1243,25
6E ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (3 days): UP M- resistance levels: 141,20 ## TOP support levels: 140,31 ## 139,40 ## 138,41 ## 137,35
The following 2 users say Thank You to eboarder for this post:
my psychological and physical state: the week started, I am getting in my daily routine
my goal for the day: watching the market, no trades
FGBL ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (3 days): DOWN M+ resistance levels: 122,30 ## 122,58 ## 122,98 ## 123,36 support levels: 121,87 ## 121,32 ## LOW
FESX ---> expected direction: CHOP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): Chop resistance levels: 2812 ## 2845 ## 2872 ## 2889 support levels: 2736 ## 2710 ## 2669 ## LOW
ES ---> expected direction: UP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): UP M+ resistance levels: 1297,75 ## 1308,5 ## 1312,75 ## 1322 support levels: 1292,5 ## 1283,5 ## 1276,5 ##1267,5
6E ---> expected direction: UP longterm trend (~3weeks): UP M+ shortterm trend (3 days): UP M+ resistance levels: 142,22 ## TOP support levels: 141,20 ## 140,31 ## 139,40 ## 138,41
The following 2 users say Thank You to eboarder for this post:
maximum risk: $300 per trade, $600 per day, 2 contracts, 15-20 ticks stop loss
my psychological and physical state: tired, and a little headache, not realy relaxed
my goal for the day: watching the market how it reaches and reacts on S&R zones
FGBL ---> expected direction: DOWN longterm trend (~3weeks): DOWN M- shortterm trend (3 days): DOWN M+ resistance levels: 122,30 ## 122,58 ## 122,98 ## 123,36 support levels: 121,87 ## 121,70 ## LOW
FESX ---> expected direction: CHOP longterm trend (~3weeks): DOWN M- shortterm trend (3 days): Chop resistance levels: 2811 ## 2844 ## 2872 ## 2889
support levels: 2726 ## 2710 ## 2669 ## LOW
ES ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (3 days): UP M- resistance levels: 1292,5 ## 1297,75 ## 1308,5 ## 1312,75 ## 1322 support levels: 1283,5 ## 1276,5 ##1267,5 ## 1257,75
6E ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (3 days): UP M- resistance levels: 142,22 ## TOP support levels: 141,68 ## 141,20 ## 140,31 ## 139,40
The following user says Thank You to eboarder for this post:
my psychological and physical state: absolutely not concentraded this week, visiting mother in law
my goal for the day: watching the market and doing analysis
FGBL ---> expected direction: DOWN longterm trend (~3weeks): DOWN M+ shortterm trend (~3 days): DOWN M+ 2011-03-28 11h47_48 von activetraders auf Flickr
FESX ---> expected direction: UP longterm trend (~3weeks): UP M+ shortterm trend (~3 days): UP M+ 2011-03-28 11h48_16 von activetraders auf Flickr
ES ---> expected direction: UP longterm trend (~3weeks): UP M+ shortterm trend (~3 days): UP M+ 2011-03-28 11h49_05 von activetraders auf Flickr
6E ---> expected direction: Chop longterm trend (~3weeks): UP M- shortterm trend (~3 days): Chop 2011-03-28 11h49_36 von activetraders auf Flickr
The following 2 users say Thank You to eboarder for this post:
my psychological and physical state: absolutely not concentraded this week, visiting mother in law
my goal for the day: watching the market and doing analysis
FGBL ---> expected direction: DOWN longterm trend (~3weeks): DOWN M+ shortterm trend (~3 days): DOWN M- 2011-03-29 15h33_49 von activetraders auf Flickr
FESX ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (~3 days): UP M- 2011-03-29 15h34_10 von activetraders auf Flickr
ES ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (~3 days): UP M- 2011-03-29 15h34_31 von activetraders auf Flickr
6E ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (~3 days): DOWN M- 2011-03-29 15h34_54 von activetraders auf Flickr
The following 2 users say Thank You to eboarder for this post:
my psychological and physical state: absolutely not concentraded this week, visiting mother in law
my goal for the day: watching the market and doing analysis
FGBL ---> expected direction: DOWN longterm trend (~3weeks): DOWN M+ shortterm trend (~3 days): DOWN M+ 2011-03-30 15h30_19 von activetraders auf Flickr
FESX ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (~3 days): UP M- 2011-03-30 15h30_36 von activetraders auf Flickr
ES ---> expected direction: UP longterm trend (~3weeks): UP M- shortterm trend (~3 days): UP M- 2011-03-30 15h30_48 von activetraders auf Flickr
6E ---> expected direction: DOWN longterm trend (~3weeks): UP M- shortterm trend (~3 days): DOWN M- 2011-03-30 15h31_02 von activetraders auf Flickr
The following 2 users say Thank You to eboarder for this post:
