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Ronin's Daily Journal

  #41 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


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  #42 (permalink)
permeant
Minneapolis, MN
 
Posts: 45 since Jul 2011
Thanks Given: 134
Thanks Received: 73

Nicely done. I had the second trade also but only got 20 ticks out of the failed BO after the report - didn't have the second contract to capitalize on the monster down swing (and too chicken to reenter).


DjRonin View Post



Trade 2
Sold the failed Breakout of 53.90. A friend of mine said i risked too much but i do totally disagree. Despite the first attempt to short that was a mistake for leaving the stop loss at 1 tick, i went short at 52.77 with the stop loss at 52.91 so thats 14 ticks but the profit for the price to close the gap was WAAAAY down to 52.40 with the runner going without stop loss as i was monitoring it personally trailing the stop loss manually after every bar close. Greed was telling me to hold further but i don't want to listen to it.


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  #43 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


09-03-17
Instruments: CL
Time frame: 3 - 5 min
Indicators: EMA 20
Strategy: Simple R/S and price action analysis

Crude oil (CL)
Trade 1
Bought bar 299 close thinking the price would test the open of the day, but got some doubts and closed the position. To be honest that very huge drop left me doubtful even if its not uncommon for the CL (rallies as well) in the past year. +20 ticks
Trade 2
Bought the close of a pullback bar as the momentum was clearly bear and price had high probability to test LOD. +40 ticks
Trade 3
Good resistance at EMA 20, trapped bulls from bars 347 and 353 trying to scale but weak intent and giving up, no doubts the price would test LOD now. Too bad i have a tendency to sell below a trade channel when i think the price would break down and viceversa, but its a sort of conservative approach and i don't do it when channels are too large. +36 ticks



Totaled 96 ticks. In a normal day i would have left a runner in every trade but today i was not in the mood of doing it because i was less certain of the direction of the price.
Another very profitable day today, starting from yesterday i am doing the same trades on both my live account and a practice TST combine 150k, if it goes well i might try and apply for a real combine. Now as always to read member's Journals, which is the thing i like most.

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  #44 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


permeant View Post
Nicely done. I had the second trade also but only got 20 ticks out of the failed BO after the report - didn't have the second contract to capitalize on the monster down swing (and too chicken to reenter).

When i started to trade futures i wasn't using runners because mostly i didn't knew the instruments... but now, when you see a spike like this, especially when it comes out of a news and more especially if its Crude Oil... there is a really high probability, i'd say a 90%, that the price would fill the gap real quick, and say another 60% of the time this counter movememnt ends up on a leg following the movememnt closing the gap. Check te historical data if you want to be sure of this. So i like to have something that follow the trend because i would be too chicken as well to short the bottom or in "no man's land" (also my account its not an institution account that can have a stop loss of 40-60 ticks), but i dont care to give back some ticks on a big movememnt if the runner turns against me... at the first past higher or low against my entry i kick it out of the game if its the case. Its still profit anyway.

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  #45 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


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  #46 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92

10-03-17
Instruments: CL
Time frame: 3 - 5 min
Indicators: EMA 20
Strategy: Simple R/S and price action analisys

Crude oil (CL)
Trade 1
Resistance at 50.10 holded the price which ran into it to the tick before losing position due to the sell off. The huge bear 297 bar overshoot
296 and half of 295 which outlines a good short signal bar to me to sell 1 tick below it. Although the price was actually coming down it had a chance to spike up and take me off the trade.
Trade 2
Double top 298-300 second entry = more than 60% trade chances. Sold 1 tick below bar 297 again, tight stop at 49.98, 1 tick above bar 300, and targets at OTD and also at gap close, nice spot to me.
Trade 3
Double top 304-306 and EMA20 resistance, price below OTD (open of the day) tight double bottom too (but more likely mini trading range) on candles 302-305 but strong bear channel and weak bull bars, stop at 49.74 1 tick above 304. First take profit at 49.40 due to pre market above average volume level, and 1 runner i closed manually as the price was trying to restablish a support position at 49.30 as previous LOD.
Trade 4
Sold the BO of LOD with a SL 1 tick above bar 317 @49.41, 20 ticks profit first contract and 1 runner with trailing stop of 10 ticks down to yesterday's market movers level 48.80, stopped by pullback up some ticks higher.



A good week, probably the best week i had since when i started to trade futures. The month is going pretty well. I regret i didn't take the 50k combine this week and only gave a try to their practice account. I would be 600$ away from target. But honestly i don't know as i trade with my little live account and its growing faster than i thought.



Weekly Report

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  #47 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


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  #48 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92

13-03-17
Instruments: CL
Time frame: 5 min
Indicators: EMA 20
Strategy: Simple R/S and price action analisys

Crude oil (CL)
Today i just "survived to the market". I don't like such tight range days, they simply don't fit my trading style. I am used to have more volatility, way more than today's market. That's why i stopped trading ES because its too narrow for me at the moment. I have the feeling that tomorrow we will have another sluggish day with such narrow channels as everybody is just waiting for FOMC. Anyway...

Trade 1
Was looking for a rally up to 48.70 but the price bounced 2 ticks below so i exited manually on the runner. First was set at 10 ticks profit because i suspected a trading range day today and didn't wanted to push my profits too far.
Trade 2
Was actually looking for 48.60 BO and put my profit 20 ticks away from entry and SL 21 ticks down so not even 1:1 RR was not confortable. Stupid price again fooled me for 2 ticks. Not enoguth strenght today to go anywhere either bulls or bears. Scalp fest today.
Trade 3
I Broke rule 14! My action, my bad. Anyway i bought the BO of Open of the day 1 tick higher. Desperate to make a trade after hours of watching the chart, and gone "happy trigger" on this.



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  #49 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


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  #50 (permalink)
DjRonin
La Serena - Chile
 
Posts: 144 since Feb 2017
Thanks Given: 51
Thanks Received: 92


14-03-17
Instruments: CL - GC
Time frame: 5 min
Indicators: EMA 20
Strategy: Simple R/S and price action analisys

Crude oil (CL)
Trade 1
Sold the channel BO for a new low, was looking for the price to bottom at 47.11 but it stopped me out on both contracts 10 ticks lower.
Trade 2
Kind of nervous today... i could not trade as always: relaxed, it should be due to the fight i had with my Wife in the morning, she's overprotective with our daughter Victoria and didn't wanted to send her at school. I was still looking for the price to reach 47.11 and shorted right after the price hitted my stop.
Trade 3
Shorted 203 close and managed to exit right before that huge bull bar thanks god i gave up chasing 47.11 target. Also added another contract.
Trade 4
The huge loss of the day. was regained confidence on price to reach 47.11 target and shorted 15 ticks above for what i was thinking a quick profit target. This time i got hit by the huge bull bar. Strange market behaviour on this one.
Trade 5
Shorted again, clear revenge trade. I wanted the market to do what i said, as if it cares... i managed to exit BE with few ticks profit but i had to scale in 3 more contracts, so i took a very risky trade.
Trade 6
Really pissed off for taking away an entire day of trading by a couple bad trades i went all-in with 12 contracts.. all i can afford with my live account and managed to gain a good amount of ticks.
Trade 7
This time i bought 1 tick above the high of bar 246, 2 contracts target 48.00 but i ran out of patience as the market was REEEEALLY sluggish. I should have let it go since it slowly got to its target. So i took a 20 ticks loss on a good trade... happens... it could have gone all the way against me and slowly cutting my today's profit and i couldn't stand that.



Gold (GC)
Trade 1-2
I can't stay profitable on gold lately and the main reason is that i'm too focused on crude and i am just picking cherries on GOLD so that leads to some bad cherries.



Today i was so nervous and couldn't trade relaxed. This mental condition affected my trading today so i couldn't stick on my rules neither enter on reasonable trades focused on price analysis before bias. I just used bias to enter the market. I had luck but i could have lost 1050$ at some point. So i am going to read my rules and print them again and stick them to my monitor like in the past, and let them there as a guardian of my mental deviations.
The good thing is that the practice topsteptrader account got to its 3k target for the 50k taking the same trades of my live account (took on the 150k practice account but with the rules of the 50k one) combine which i am going to take because soon i will need my earned moneys to move to a new house. Hopefully in Miami, i finally got a US green card for me and my family.


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Last Updated on June 9, 2017


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