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Before I get into the trades today, I want to say that I luck out a nice trade a 8:50 swing zone for a long. On Fridays I tend to look out the window more than the computer screen...
Trade 1: YM long after pull back around 10:30 swing zone . Was looking for a new high but broke even.
Trade 2 & 3 :Went short on YM looking to break thru the support after failure to break the previous resistance trade. Instead it pop up to the high to resistance line exit the trade for a small loss.
Trade 4 : The same time I took YM Short I took NQ long for a scalp trade to the the of resistance line.
Total for the day $215
Total for the week $882
Avg Trade for the week is $34
See you all Monday
Can you help answer these questions from other members on NexusFi?
Today was a choppy sloppy ugly day for me but no worries just part of the business we are in.
So lets go over the trades.
Trade CL: I bought during the pull back looking for the double top scalp with a possible new high. Lost $140
Trade NQ: 7:30 Trade for a bottom looking for for the low of the day. Got out after $50 loss.
10:30 Trade bottom looking for the double top, took profits after big drop down.
11:30 Trade Double top Fail, got the short was scared of losing more money took $5 profit..... Took a nice walk after I saw my head not being clear.
13:30 Trade Short once it broke the resistance had profits in the green for the day but then quickly spiked back up and I was out. Was afraid that it would spike back up to break even.... I wanted to get out of the whole... Bad mind set.
Trade YM: Took long during 8:50 and exited after the spike back down....This is where I knew my head wasnt in the right place today.
10:00 Same at NQ looking for double top. LONG
11:00 Double Top failure- perfect entry was to loose more money exited a small $5 profit.
Today -$155
Week + $667 ( based off Rithmic Trader)
I started off the day with $200 up and then quickly ended up down $450 due to my own mistake or placing limits instead of stop limits. 14 Trades total today so I wont go over then all but I did go over them in the youtube video.
Another choppy trading range day. So lets jump right into it.
Markets came down since EUR open. Took a short on Mirco YM to see which way markets would go. Lost $25
Trade YM 9:00 after the 8:50 swing back up I bought during the pull back and spiked up for $300 profit then spiked back down for $100 profit.
9:20 I quickly exited the traded above looking for the short to low of the day. Had a tight stop and got stopped out. Then markets fell.....
(at this point I realized my stops were way too tight and need to increase.)
Trade NQ 9:20 spike for the NQ, YM , CL . I bought NQ one contract as I sold YM one contract. pretty much the same time. once stopped out by YM trade I kept the NQ Trade for long. Markets told me nope and went straight down. The first line would of been my stop (down about $400).
I had to breath and stop taking the stop loss so close so then I play the second line of support and added after I seen confirmation. Not once but added twice. Almost three times but I stopped my trigger happy finger. So I looked at the high of the day for the resistance and took one contract profit there and the other two where stop loss about 2 points apart. Overall Green.
So I think I need to taking my stop loss a step back and and see if that works out better for me. Last two days we been in this trading range that has not been fun for me.
Never liked trading Fridays but anyways it was a good trading day my head just wasn't in the right place.
Took CL short due to overnight high. Pit opened and started trading in my dircetion then spiked up so I shorted another contact with tight stop. Got stopped out and went where I wanted it too.
Took YM long for after 8:50 swing zone while taking NQ short. Both broke lower so exited YM and small loss and took NQ to next support level.
Took a 3 hours break and came back to trading to mess everything up and lost $200 after NQ spiked down
Hi friend. I also used this futures for passing prop in a Canadian company, but then went to CL because the mechanics of index movement is dangerous for small deposits and the risk is like oil, but oil can be taken from 1 trade of 100 or more + oil is very technical
if it became interesting to go search for entry points together
Yesterday was not my day as I had profits but wasn't thinking straight and lost $115.
I did take a trade last night that made $150.
Today was $235 in profits.
Trade CL: took a short testing out new strategy. Lost the first time but didn't play the second time around and it was a $1,000 gain. Oh well.
Trade YM & NQ. I took YM looking for new High Low going to bottom. Went higher so I took NQ long then quickly exited for a loss and took 2 contracts of NQ short along with 2 contracts YM short looking to reach the resistance line of where it spiked up.
I have a strategy that works well with entries but the exits are too high of a draw down. It is a trend following system. What exit strategy would you recommend?
Instead of looking for long trades I took profits soon and ran. I just had that kind of day feeling.
So 3 trades total today.
Trade CL - short, looking for breakout and achieved and took profits soon.$320
Trade YM - after 8:50 swing zone I took a short back to the moving avg. Then break out low to the lower wick.
3 trades up $500 called it quits and started working on my new system to. Today that same system that last me $300 on CL yesterday. Caught the $2,000 move on CL... Can't wait for more
