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PATrick's ES Price Action Scalping Journal
Started: by chonga Views / Replies:839 / 12
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PATrick's ES Price Action Scalping Journal

  #11 (permalink)
Elite Member
Busan, South Korea
 
Futures Experience: Beginner
Platform: NT 7
Broker/Data: Ninja
Favorite Futures: ES
 
Posts: 21 since Aug 2016
Thanks: 5 given, 24 received

Had a busy weekend, so not much time to journal.

Not a bad day. I'm glad that I was able to recover after my first trade being an undisciplined crap poop experimenting entry.

1st trade: Instead of waiting for a second entry on a strong signal bar, I entered anticipating the 2nd entry short.
The day started off in a downtrend. It bounced off the lower channel and worked its way to the upper line as well as the EMA. After the first entry, I decided I would place my entry near the previous swing high, so that it would give me enough room (and hopefully a better entry). Bad idea. The price ended up breaking the channel and went into a trading range. I did want to exit early after I saw 4 overlapping bars, but decided that because it is sim, I will let the trade fly. -6 ticks

2nd trade: I saw after a double top and previous resistance earlier in the morning that this would be strong resistance. After I drew in my upper line, I waited to fade the next time it reached this level. I got filled perfectly at the top and went down quickly for a +6 tick

3rd trade: Repeat of the second trade except off the lower support. I had an order sitting out, but this time instead of right at the support, I had it 2 ticks under, only because there was previous price action at 10:50ish that was lower than the line I drew. Got filled, worked against me 2 ticks but didn't take anymore heat than that. +6 ticks


So that was it for Friday. Like I've previously mentioned, I only trade from 10:30AM - 12:30PM EST.

So didn't hit my target for the day, but I'll day +6 ticks.

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  #12 (permalink)
Elite Member
Busan, South Korea
 
Futures Experience: Beginner
Platform: NT 7
Broker/Data: Ninja
Favorite Futures: ES
 
Posts: 21 since Aug 2016
Thanks: 5 given, 24 received

Pretty straightforward day. Was only looking to go short (mostly touched of the EMA or upper trend channel).

The entries I took weren't the smoothest or at the best, but they all worked out. Days like this are few but definitely confidence boosting.

+4 +8 +6 = +18 ticks on the day (3 trades)

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Last edited by chonga; October 12th, 2016 at 10:53 PM.
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  #13 (permalink)
Elite Member
Busan, South Korea
 
Futures Experience: Beginner
Platform: NT 7
Broker/Data: Ninja
Favorite Futures: ES
 
Posts: 21 since Aug 2016
Thanks: 5 given, 24 received


Have not been sim trading as much. Spent the last week watching Al Brooks video lessons.

Abundance of knowledge but the only problem is I can only listen to about 30-40 minutes of his voice before I wander off to sleep. No matter how much coffee I have or what time of day it is, right at about 35 minutes I start to doze off.

Also, I do not have the license yet for NT so I have to keep requesting demo accounts. And since I get lazy I revert back to just market replay. I guess I should fork over the minimum deposit soon to avoid the hassle every 2 weeks.

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