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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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  #121 (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: Today O/N session in Risk off mode. Market have few good idea for trade

Idea1: CL: "GAP and GO" scenario from yday low or on re-test VWAP area. LIS price yday close.
Idea2: YM: "GAP and GO" this situation same like in CL. Price can go lower during US session.
Idea3: GC: This is not clear situation for "GAP and GO" strategy, because yday was mixed day without strong UP or reverse LONG direction. But on my chart I see good price support above daily average price.

I`m don`t trade today, BUT will be look for CL and YM. That can be interest day.

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  #122 (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

Comment about Tuesday
1. CL: Idea DONE)
2. GC. Like I wrote in my view what, that was not clear situation for "GAP and GO" scenario. I was correct price does not go higher during US session.

Market view
Comment: Today I have two things for market this is CL and NQ.

Idea about CL:

Description: Yday was not clear up or down day, that was range day. That means this not clear situation for "Close VWAP" strategy + price too high above VWAP (around 0.6$) this is also not good for this strategy.

Idea about NQ:

Description: At this moment NQ under sellers pressure. For NQ today perfect moment for "Close VWAP" strategy with LIS 7710 and target around 7670.

P.S. I must test deviation price with VWAP and look how it work.

Market recap

About my two ideas and view for today:

Description:
1. About CL I was completely right! Price open with strong buyers power, in this case I shouldn't use strategy "Close VWAP" becouse price so far from VWAP. I look on this situation and remember when was same situation. And choice 25% from ATR it max price above VWAP, if price higher then 25% of ATR that means on market strong player. Very good and free lesson
2. About NQ: My idea was very good, but Trump with his Tweet about meeting with Lui He broke this idea.

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  #123 (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: Today was interest, BUT dangerous situation on CL. Last two trading day was very good positive days with one strong buy day! Today CL look very good for classical "Close VWAP" strategy, but it was wrong view. Because price open under Friday open and near with Friday low. That means sellers push price came back. In this case I shouldn't use this is strategy.

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  #124 (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 first day after my pause in trading!
Trading plan: CL: "Short Close VWAP" strategy. LIS price 53,60.

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  #125 (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

Tuesday recap
Daily comment: That was good day with One good idea and trade. But I must b careful about my scenario. I don`t has scenario for this situation.
Market view:

Description: Idea DONE!

Trading result
My "Trading Journal in UPDATE"
PnL: 140$

Wednesday Pre market plan
NO ANY GOOD IDEA FOR TRADE TODAY.

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  #126 (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: Now in US earnings period + positive news came from EU about Brexit deal. In this cas I will be look to trade NQ or YM
Trade idea:
NQ: "GAP and GO" strategy. Look to support area 7970-7960 and LIS for this idea it 7660.


Market recap
Comment: After today I`m understand two important things!
1. Don`t trade index during earning season. This is game of guys who trade stocks.
2. Work, work and work about rules for GAP and GO strategy. Now this is strategy will be on HOLD and test.

Trading result:

Description: Wrong with GAP and GO strategy!

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  #127 (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 STRONG IDEA FOR TODAY

Additional info about Index:
Comment: One of the big my mistake yday and time to time, during pre market time I`m ot careful look and chose my plan for the day. In my Playbook I have one IMPORTANT rule for "GAP and GO" strategy:
- "GAP and GO" strategy ONLY when market condition have good LONG or SHORT side. Yday market do`t has this condition


Additional info "GAP and GO":



Comment: I`m understand where I was wrong in my "GAP and GO" strategy. Price open above avg. daily price and I`m hope what market will be strong and buy without any PB. This is WRONG. In statistic, price during day always hit VWAP area. In this case if I chose strategy "GAP and GO" that means I must wait PB under VWAP and look to enter around yday high. If yday close price lower then high, that price for me must be "LIS price".

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  #128 (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 no strong earning report on US market. I will be try to trade NQ

Trade idea
NQ: "Short Close VWAP" strategy. LIS price 7925,0

Market recap
Comment:My Idea Done, but I will not trade indices during the reporting season!!
My main mistake: I`m try to short NQ, but NQ was stronger then YM after open. Main idea for my strategy it chose better instrument for trade.


Trading result (UPDATE):

Description: I`m made one good trade on CL with "Long Close VWAP" strategy.

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  #129 (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

About Tuesday:
Comment: Yday I`m trade one of the new my strategy "Yday AVG". My idea and my strategy work so well, BUT my trades was not good. This is situation like at Monday. I`m prepare good ideas, but my trading not good. Before take a trade I MUST be 100% shure what my stop stay in correct position! My stop must be always under or above local low/high!
Trading result:


Today Pre Market view
No Ideas for trade.
Comment: I made one trade during Pre market time base on Real Time trading! It NOT good!

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  #130 (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: "GAP and GO" strategy. Buy around 7920-7930. LIS yday high.

Market recap
Comment: That was day 50/50.
1. Positive moment: I`m generate very good and constantly profit idea based on my strategy`s. That very good!
2. Negative moment:
- I`m not enough time do preparing before market open;
- WRONG my trading! I must work with scenario plan, how I will be trade my strategy!


Description: Picture where my trading was completely WRONG!

Trading result


P.S. Don`t touch Index`s during Earning season!

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