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Hi all since Oneup didn't work out and they took away my funded account I decided to start one with TopStep and see how it goes. Will update my progress from the start.
Strategy is still to actively daytrade NQ and S/R scalp other instruments with sitting orders.
Had a limit short trigger from the supply zone 52.37 trigger early in the day, took an easy 17 ticks. But tried again later in the day but CL was too strong, closed the trade before end of day for -7 ticks.
Gold:
scalped a few from the supply demand lines I had drawn. just 3-5 ticks each time. Fast in and out. Will attach chart later.
NQ:
Had good read on it today and but only put 1 trade in topstep.
ES:
This trade shouldn't have happened. already done for the day but put in an End of day short that didn't work out. ended up -4ticks.
They had an amount of contract you can trade following the scaling plan. But it was a softcap which I accidentally exceeded pressing market orders. Very lame but i guess it is my fault. So just be very careful if you get funded, don't do anything to even get close to breaking the rules
Figured out the reporting section on Tradovate so will post these from now on.
Overnight the levels played out quite well, but the level worked specially well in Copper (HG). For copper however personally I just like to scalp cause it can have very wild swings which is bad for the combine, the key is to control risk so all the trades had only a 3-4 tick stop. Ideal scenarios is to hold trades from zone to zone. Being a scalper though I was content with short term trades so I don't have to hold anything while I sleep.
the 6E trades was not according to plan, just an impulse trade which i need to avoid in the future.
Onward to the day session. Hopefully I don't give it back.
Premarket action was mostly below Y.VAL, overnight inventory mostly short. Context is bearish looking for continuation from previous day action.
The initial thought was to watch the open for weakness but becareful shorting right away as when overnight inventory is stretched it likes to bounce up first to clear out weak overnight shorts first before the real move.
Took a few shorts during the initial run up with that in mind. First one was early so exited right away. The next one came into my premarket resist area it was good for a decent run. then reshorted a few more on pullbacks.
This move went much further than I initially thought which I should have taken into consideration. So a big mistake was trying to fade after it my support zone and then it started to become a slippery slope of trying to catch a falling knife (see chart on how I thought day would unfold ) Thankfully i didn't remain stubborn. Decided had enough for the day on this combine account.
