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Reet’s 2 Trades a Day Keeps the Drawdown Away Journal – ES
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Reet’s 2 Trades a Day Keeps the Drawdown Away Journal – ES

  #11 (permalink)
Trading Apprentice
Amsterdam
 
Trading Experience: Beginner
Platform: Metatrader, Ninjatrader
Favorite Futures: ES, Bund, E6
 
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Thanks: 28 given, 23 received

Day 6 - EPM19

1 trade, due to work

Noticed a range on M5, drew in a box. Put in a limit buy order @2878,25, just north of a big order on the DOM.

Stoploss: @2876,75, just under the box
Target: @2882,25, outside of the box, near a previous top

Got filled, priced bounced right up, but would't get out of the box. I was waiting and hoping for a while (see chart, screenshot mid-trade). 2 minutes before US open it broke through, for just a second. Closed trade just before open (when anything can happen) @2879.75 for profit: 75 USD

EDIT: ten minutes later it broke out and reached my target, would have been 275 USD. O well, its just sim money not won.

Profit EOD: 75 USD
Profit Total: 787,50 USD
Win/Loss Total: 10/4 = 71%
Max drawdown: 50 USD

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Last edited by Reettrader; April 4th, 2019 at 09:43 AM.
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  #12 (permalink)
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Day 7 - EPM19

2 quick scalps today

Trade 1 and 2: ES is ranging again. So I put a buy limit order at the bottom of the range. The first one took 45 minutes to reach target (so not so quick). Second one didnt reach target, but i exited because the lage bid my stoploss was leaning one disappeared. Both trades on M5, my new favorite chart.

Entry and exit prices, see chart

Profit 1: 75 USD
Profit 2: 50 USD

Profit EOD: 125 USD
Profit Total: 912,50 USD
Win/Loss Total: 12/4 = 75%
Max drawdown: 50 USD

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  #13 (permalink)
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Day 8 - 6E


2 trades, 1 loser, 1 winner. On the 6E Eurofuture this time. ES is lifeless this morning.

First one i entered too fast. Noticing a vague downtrend. Put in a sell limit order based on what seemd a strong resistance @1.12960. Didnt work. I exited before the stop was reached for

Profit: -31.25 USD

Trade 2: So I switch my thinking to uptrend. Entered a buy market order at bottom of a consolidation.

Stoploss: Cant remember, but below a big buy order.
Profit target: @1.13160 (moved around a bit).

Price rallied, fell down a bit and I decided to add a contract at what seemed like new support. @1.13100. After a while price shot up, through my target and much higher....

Profit:187,50 USD

Profit EOD: 156.25 USD
Profit Total: 1068.75 USD
Win/Loss Total: 13/5 = 72%
Max drawdown: 50 USD

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  #14 (permalink)
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Day 9 - ES

2 trades, 1 loss, 1 win

Trade 1: My MT5 web application crashed so I had to draw this one in in Paint. I noticed a nice range on ES on M1. Put in a sell Limit sell order at the top of the range (E1 in the chart). Price blew right through resistance though. Stoploss immediately hit.

Profit: - 50 USD

Trade 2:Waited for price to retrace to almost the bottom of the big white candles that came before, like it often does in these sort of ranges, and entered with a market buy order @2894,75. (E2 on the chart.)

Stoploss: @2893,75, just below the range. 4 ticks
Target: @2897,00, 2 ticks below a big order at top of the range.

Target hit within minutes for

Profit: 112,50 USD

Profit EOD: 62.50 USD
Profit Total: 1181.25 USD
Win/Loss Total: 14/6 = 70%
Max drawdown: 50 USD

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  #15 (permalink)
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Day 10 - ES & euro stoxx

2 trades, both still running at the moment

Trade 1: ES, M5. Uptrend, testing 2900 for the third time. I entered with a buy limit order during a consolidation @2897.00

Stoploss: @2895.75

Target: @2899.75 Just below that big order on the DOM, see chart. What to do? Move the target up and hope for a break of 2900. I actually think it will happen today. Price didnt shoot up there like last time, but it's slowly getting there. Or i could take profit @2899.75 and immediately re-enter 1 or 2 ticks below if possible, hoping to catch that break...

UPDATE 21:09: So this ended badly. I removed the target, hoping for a break out. Price hovered @2899.75 for minutes before falling back down to my stoploss, which I set for Break even. Profit: 0 USD.

Trade 2: on the Euro Stoxx, see next post


-chart-11-4-2019.jpg


Last edited by Reettrader; April 11th, 2019 at 03:11 PM.
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  #16 (permalink)
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Reettrader View Post
4 trades today. Whoops, breaking the rules already. But it were clear setups I think. 3 wins, 1 loss.



Waited til US open, due to work and no movement in ES. Waited for some direction, bearish (at first) it turned out.



Trade 1: Kept on eye on support @2822.25. Price always seems to retrace after a big move. In this case the big move was this morning. Expecting a reversal. Entered a buy limit order slightly higher, leaning on a big bid. Got filled @2823,25. At the low point, so not sure how realistic that sim fill was.



Stop @2822.00 (5 ticks)

Target @2825.25 (small, because it was against the trend, and just below a big pending order on the offer)

Immediate win: 100 USD



Trade 2: Noticing a consolidation/rectangle. Entered at the bottom with buy limit @2829.00.



Stop: @2828.50 (2 ticks, no risk/ too tight?)

Target @2831.00 (high of last bunch of candles)



Quick win: 100 USD



Trade 3: So of course I got reckless. Tried to do the exact same thing again. This time my too tight stop did get touched.



Loss: -25 USD



Trade 4: I wanted to make up for the dumb loss. Revenge trade again, not good, especially because i got rewarded with a win.



Waited for a break out of the range, waited for the fade. Which came quick. Entered with a buy market order @2832,25



Stoploss: 2830,00 (11 ticks. Too much! Again reckless)

Target : 2834,75 (shifted it around a bit to stay under a big offer)



It went against me first then rallied up to exactely my target. In reality I might've had to close for a lower price. Win: 125 USD



Profit EOD: 300 USD

Profit Total: 487,50

Win/Loss Total: 6/4 = 60%

Max drawdown: 50 USD



Attachment 264467



Hello

Do you normally trade the ES on a one minute chart?



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  #17 (permalink)
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Day 10 - trade 2

The other trade today I took on the Euro stoxx M5. I'm always watching it, but never seem to get a good entry. Now I did. There was momentum to the upside. Lots of buying on the time and sales.

Entered buy limit order @3357 in a consolidation. The move the ES was making helped my decision, I think
stoploss: @3351
Target: @3370.

Exited @3365 in another consolidation. Profit: 80 Euro, or 90 USD

Profit EOD 90 USD
Profit Total: 1271.25 USD
Win/Loss Total: 15/7 = 68%
Max drawdown: 50 USD

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Last edited by Reettrader; April 12th, 2019 at 11:06 AM.
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  #18 (permalink)
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SlimSala View Post
Hello

Do you normally trade the ES on a one minute chart?



Sent using the futures.io mobile app



I have only one screen. I switch back and forth between 1 and 5 minute for entries, and 1 hour for S/R areas.


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  #19 (permalink)
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Day 11 - ES

So today ES did break 2900, one day later than I anticipated. And I missed it because of work this morning. I did get 4 trades out of the aftermath though. 2 entered too hurriedly, and 2 winners.

Trade 1: Got nerveous seeing the break of 2900. At 8:57 I tried to fade the breakout with a sell limit order @2904.75. There was no real sign it would go down though. Exited almost immediately for

Profit: 0.

Trade 2. Again a sell order @2904,75. But this time there was a rotation: lower highs and closes on M1. Stoploss 5 ticks. Profit target @2901.00. It didnt reach the target. I trailed with my stop since this was a countertrend trade and I got stopped out @2903.00.

Profit: 87,50 USD

Trade 3: Got filled a buy market order @2910,25. Thinking price would go up, coming out of a pullback. Price sank, so I bailed (maybe too quick) for a

Profit: -37,50 USD

Trade 4: Same trade, done right. Saw support @2909.00. Entered a buy limit order in some consolidation area 2910.00.

Stoploss: 2908.50
Target: 2912.00

Target filled for

Profit: 100 USD

Profit EOD 150 USD
Profit Total: 1421.25 USD
Win/Loss Total: 17/9 = 65%
Max drawdown: 50 USD

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  #20 (permalink)
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Day 12 - ES


2 trades, 2 winners.

First: This sim cycle is going very well for me, to the point that it almost sounds to good te be true. Will evaluate soon, probably after day 20.

Trade 1: not on my chart. It is 16:00 in Amsterdam, American markets just openend, things are looking bearish. Entered via a sell market order during a low volume pop up @2907,75. There seems to be support around 2902,50, so enough room to fall.

stoploss: @2909,00
Target: @2903,00

Closed trade @2905,75 for

Profit: 100 USD

Price reached my target some minutes later.

Trade 2: as seen mid-trade on my chart. 2900 seems like firm support, at least for a while. Entered buy limit order @2901,25. Countertrend so I will trail this one closely.

Stoploss: @2899,50
Target: @2906,00

Closed trade @2903,50 for Profit: 112,50 USD

Profit EOD 212.50 USD
Profit Total: 1633.75 USD
Win/Loss Total: 19/9 = 68%
Max drawdown: 50 USD

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