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An ugly day. I could not get going at all today. I did not feel well and should have taken the day off. I tried one long news trade ( MES) AM early and gave up on it too early, then a second short that I am glad to bailed early. Just bad unfocused trading all day.
I am holding a YM-NQ spread at a loss, and should be okay by tomorrow.
A bad trading day, with stress and s (still open) loss.
This was a relatively easy trade to take and it did not take much heat. I did step out after setting target in place ( For you @Zachary Standley ).
I was also able to exit my YM-NQ spread. It was up around $30, but markets were very fast this morning. I lost some fumbling around to close the spread. I was really worried about this one. It did take a larger than comfortable draw yesterday after close. I am also very happy to take this off, since I am packing to a family vacation very early tomorrow. I did not want to worry about any open positions on the beach.
No trades/journal until Thursday of next week, but I will lurk around and catch up on some very good journals around here.
A very low stress, low draw and easy day ( due to markets of course, not my skills). I am up +$190 for the day.
Last, thanks for all that have voted and if you have not, please don't forget about the "thanks" for the competition. It's getting close and I may have a chance at third place. With your help of course.
BTW, my Forex spreads ( and the EW trade) are doing horrible!!! The good news is that am down a whopping $5. The stock options spreads based on EW are at BE still. I will hold them few more days to see how they mature. It's maybe back to what works, news, VSA and price action.
Please give your thanks for the competition if you like the Journal:
I am back from vacation. Punta Cana was wonderful and worth every penny. Here is a quick update on my FX spread trades. I have not done the calculations for SD, but will do later today. I will continue to hold. The first trade is the original EW trade.
Thanks for all that have voted and if you have not, please don't forget about the vote for the competition. It's getting close and I may have a chance at third place. With your help of course.
Again, thanks for all that have voted and if you have not, please don't forget about the "thanks" for the competition. It's getting close and I may have a chance at third place. With your help of course.
Here my trade for the day. It was a channel break with wide spread and volume. As stated earlier, I expected the 3008.5ish Axis line to be tested for demand. I took my first MES lot before the close just so I commit to the set up and if it closes above, I am out with a very small loss. Then added ( max of 5 lots) on both sides of my original entry. My target is a bit above the Axis line since many trades see that line and we may not get there.
I will stop for the day even thought it's below target ( of $200), but I have other work to attend to. BTW, a buy ( at your own risk) of 3008.5ish would be low risk and good for 3-4 points.
A good day, with no stress and hardly any draw. Plus $153 for the day.
Again, thanks for all that have voted and if you have not, please don't forget about the "thanks" for the competition. It's getting close and I may have a chance at third place. With your help of course.
Here are my totals ( by instrument) for July 2019. I did not get to the $200 goal, but better than June's daily average of $121. IB will not total all until midnight tonight, so I added todays profit of $153.I hide all the detail to reduce pic size. Also the MNQ-MYM are spread, so one will always be negative other positive. Net profit on the YM/NQ spread is +$478. This is all after commissions.
Thank you for the support and see you next month/tomorrow.
