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Trading my way - NQ and possibly CL and TF
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Trading my way - NQ and possibly CL and TF

  #1 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

Trading my way - NQ and possibly CL and TF

Creating a Trading Journal for fun.

I haven't traded for over two years and decided to start again.

Since I am making good bank at the day job, I thought I'd start trading again (it's easier when it isn't your primary source of income).

I primarily trade the NQ because the risk/reward is to my liking and there are usually plenty of points to be had.

My main hours are the open till 8:00 AM PST. I will also keep an eye out for moves later in the day.

I trade by analyzing wave structure and fibs.

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  #3 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

2-28-19 - A good day


I've been playing around in SIM for the last two months and doing pretty good.

NinjaTrader brokerage seemed to find every possible way to screwup my account setup, so I went live after the good move this morning.

The first trade was a sim. 10:23 am PST.

Sell 7121.25
Stop: 7131.50
Target: 7026

Still Working

LIVE @ 10:42 Am

Sell: 7124.75
Stop: 7134.75 (initial)
Target:7109.75 (hit)
Time in ~53 minutes

Profit $300.00

The best part about this trade is I was doing my regular work and just glancing at it until it hit the target. I could have held for another 15 points but decided a quick win was a good start. Usually, between 9 am to 12 pm sucks unless there is a trend day.

See what tomorrow morning looks like.


Last edited by FalseProphet; February 28th, 2019 at 07:50 PM.
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  #4 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

03-01-19 - Another good fday

I'm at work so I can't go into much detail, but it was another good day.

I had two short trades.

Total profit, $435.00.

One at the open, but I got twitchy and bailed. + $35.00

Second at about 6:40

Short: 7149.50
Target 7129.50 = + $400.00

Edit

3rd Trade 11:30 am Counter Trend
I entered with two contracts by accident. The stop was only $40 more than usual, so no biggie.


Short 7160.00
Target 7140.00

I saw this start to develop and decided to jump on. Moved my stop to 7157 pretty quick to lock in 3 points. It went in my favor, but I should have taken off at 7148. I had to step away from my desk so I was fine taking the smaller amount. Oh well, I still banked another $120.

Total: $555.00

Weekly Total: $855.00


Last edited by FalseProphet; March 1st, 2019 at 04:06 PM.
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  #5 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

General Info

General Trading Rules

All of these rules are for the NQ and one (1) contract. Same rules apply for more contracts, but I try to reduce my stop size with better entries.

My entries and exits are from a 10R chart. Anything smaller and you are just looking at noise.

Structure Charts:
35R – Good for seeing the complete day.
70R – Good to see the equivalent of a 120 min chart, but with structure.
5 min – good to see confirmation of turning points.
60 min – Just because
Daily – Keep the HTF in mind.



I trade with zero indicators. On some higher time frame charts, I use a moving average band.

Stop: 10 points $200.00
Targets: 15 – 50 points $300 - $1,000

If I get two consecutive stops in a row, I call it a day. I'm either not seeing the market correctly, or pressing. Either way, bad things will usually follow.


Last edited by FalseProphet; March 2nd, 2019 at 03:16 PM.
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  #6 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

Friday 3-1-19 Trades

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  #7 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

In retrospect, the trade of the day was long from ~9:00 am to 12 pm.

Friday's are usually pretty low volume and without great moves. Everyone was getting short from ~7 am to 9 am. The short squeeze that started @ 9 am (PST) was a highly likely outcome.

It would have been very low risk to go long at the turn and then get even in about 10 mins. Oh well.

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  #8 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

03-04-19 - Another really good day.

AM Session

NQ - I started off with a loser for $145.00. It was too close to the open and a poor entry.

Took a quick TF trade for a $195.00 win.

NQ – Re-entered short @ 7207.00, target 7067.00.

40-point winner. = $800.00

I held through the retrace and hit the target @ 8:00 am or so.

Total for the day: $850.00

I will post charts later this evening.


Last edited by FalseProphet; March 4th, 2019 at 11:40 AM.
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  #9 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

03-4-19 Screen caps

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Wow...what a day. Not many times you can grab 40 points and leave another 80 points on the table.

The Bad:
I made a rookie mistake and entered too soon after the open. Dumb, but I recovered really fast with a TF short for $195.00 (not shown).

I left 80 points on the table. I chalk that up to just returning to trading.

The Good:

Once I re-entered, I held to the target I had set.

Days Total: $850.00

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  #10 (permalink)
Trading Apprentice
San Diego, CA 92101
 
Trading Experience: Advanced
Favorite Futures: CL,NQ,YM Options
 
Posts: 20 since Jan 2019
Thanks: 1 given, 15 received

03-05-19 - Loss day


Well, you can't always win

1st - Took a $210 loss between the open and 7:00 am.

2nd - Out, break even.

3rd - Took a $100 loss.

Total: -$310.00

I should have just left it alone after yesterdays bigger move.

Tomorrow's another day.

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