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JT journal: Let`s go and do it 2019


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JT journal: Let`s go and do it 2019

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  #111 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
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Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan

Developing process
During this time I`m prepare same format for my strategy. This is format "One picture"
Example: "GAP and GO" strategy


Also today good example for "short momentum" condition:


Trading plan for today
CL: "GAP and GO". Take short position around yday low or VWAP. LIS yday close.

Market recap
Daily comment
I was completely right with my idea about CL, but CL don`t give me pull back. Also I`m try to take LONG from gap close, but that was RT trading it not good. In the future, such situations should be kept under control like here:


Trading result

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  #112 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
NO trading plan for today. No strong idea.

Strategy
I`m continue write about my strategy's and rules. Today it will be card for "Close VWAP" strategy (short situation).
"Close VWAP" strategy card:

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  #113 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received


Pre market plan
NQ: "Close VWAP" strategy. LIS price 7870.

Market recap
Daily comment
Next learning day!( With one big mistake!

"Close VWAP" strategy (short scenario)
Main concept: The main idea of this strategy is to return to the average of a weaker index after the opening. If any index has already been tested on the average then this idea should be rejected.

Description After open NQ was stronger then YM. In this case I must cancel my idea!

Trading result

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  #114 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
GC: "Close VWAP" strategy. LIS price 1513.

Market recap
Daily comment
Perfect day with good idea, but not good trades)) I`m missing same industrial statistic. Before the trading session I must be very careful with news and statistic. Market ow in volatility news mode.

Trading recap
1. I`m missing this stat:

2. My trading plan was good:


Trading result

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  #115 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
Comment: Today FOMC day, I don`t touch index during this day. Crude Oil now in volatility period and I will be trade him after EIA stat.
Trade idea:
CL: "GAP and GO" strategy. After EIA report look to short around 58,50 area. LIS price 58,70

Market recap
Daily comment
That was wrong in strategy day! CL does not has "short momentum" on daily chart! Why I try to trade "GAP and GO" I don`t know. But it good lesson about "short/long momentum" situation.

Trading result

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  #116 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
GC: "Close VWAP" strategy, short around 1510-1511. LIS 1511

Market recap
Daily comment
Next learning day . I see too much same day when my plan was good, BUT trading was very bad. Now I`m understand where I was wrong and what I must do better. First one my mistake it "I'm afraid the price will go without me". That means I start trade at 16:00 and does not matter where price, what I see on chart with Order Flow and etc. This is wrong way! For fix this problem I`m prepare few scenario for "Close VWAP" strategy.
My trading day and what was wrong:

Description: Price goes without any PB to 1511 and absolutely price try to take new high. I must look how price go this level.

Trading result

Description: Uhhhh

Three scenario for "Close VWAP" strategy
Scenario_1:

Description: Price go up with strong enough impulse. At 16:00 price near with day high. In this case better enter on re-test last high from EU session with stop above day high (1), if price don`t give first way in this case I can take trade around point (4) with stop above EU high (2).

Scenario_2:

Description: Price stay in side way direction before US session. In this case wait false breakout this is channel and take short around upper side of channel with stop above day high.

Scenario_3:

Description: Before US session price start go down in step by step mode. In this case I can take trade with stop above second step.

Summery: I very often have good plan, but my trading was not good, because my stop stay randomly. I must focus on quality of my trade.

Good example from Friday

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  #117 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
CL: "GAP and GO" strategy. Take short position around 58,10-58,20. LIS price 58,20

Market recap
Daily comment: Next loss day. I`m stop trade on 1-2 week and test my strategy together with scenario. Like for "Close VWAP" I must have scenario for "GAP and GO" too. Also I must look better for "short momentum" and "long momentum" on daily chart.

Daily view CL:

Description: Like with "close vwap" I must wait price pattern and don`t try to find top on PB.

Trading result


Trading RULE
I must work with strategy and look BEFORE trading session what scenario will be prior for trade.
My trading session must be like it:

Description: I must focus:
- When my strategy will be better use during market condition;
- What Scenario I must use before trade;

Strategy UPDATE
Comment: For me don`t need trade every day and jump from one instrument to another! I must trade best market condition for my strategy. And now I want use my "Close VWAP" with two strong rules and now I have two strategy
- "Long Close VWAP";
- "Short Close VWAP".

I will be test this is two situation and look how it work.

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  #118 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Market view
Comment: This is week I`m follow for the market and look how I can use my strategy with scenario. Today was two perfect example for CL and NQ.

CL example:

Description: In my strategy that was "GAP and GO" situation, BUT this is perfect example when I can use "Close VWAP" strategy, because price open under VWAP and close GAP from day when drone attack to SA. That means don`t use "GAP and GO" scenario when price near with "close gap" place.

NQ example:

Description: Ideal situation for "Short Close VWAP" scenario, price open in yday range with sell momentum. I must use this
is type of strategy.

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  #119 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received

Pre market plan
Comment: This is day like example day,how I must work with strategy and scenario. Today it will be on CL. I`m don`t trade and only look and learn.

Trading plan:
CL: "LONG Close VWAP" strategy. LIS price it O/N Low. For this strategy I have two scenario:


Market recap
Daily comment: Idea DONE! Perfect day! This is day show me, what I`m work in the right direction. I don't have to jump into a deal! I have to wait for the moment when the place of my stop will be correct! I must trade strategy+scenario with correct place for stop!

Market view:

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  #120 (permalink)
Moscow/Russia
 
Experience: Intermediate
Platform: Investor RT, Overcharts
Broker: NT Brokerege/Rithmic
Trading: NQ,YM,CL,GC
 
jonnytrade's Avatar
 
Posts: 432 since Apr 2016
Thanks: 53 given, 252 received


Pre market plan
Comment: Today I`m don`t trade, only look today interest situation for index. In this case I want test my rules for GAP and GO strategy.
NQ:

Description:
1. After ISM report price fall down and without any PB go lower.
2. Daily close this is low of day;
3. That was sell off;
4. Today price open lower then yday low.
Situation for me interest, I will be look how it will be work and how I can use this situation.

Market recap
Daily comment: Perfect result for this day. "GAP ad GO" strategy would be great for this situation.

Description: I must look more examples, better understand how it can be work. But what this day show me, that perfect situation for "gap and go" strategy after sell off day+ close near with low.

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January 6, 2020


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