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AJ's Journal
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AJ's Journal

  #421 (permalink)
Market Wizard
whitestone, new york
 
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tderrick View Post
cont....

pretty good trade management .... lets see if we moved that last stop a bit early

437 prior stop placement was taken out so all in all a good trade



Trade 3


I'm a bit too tired too work on tonight.... long day in the studio.

i feel good about the management of both trades

$300 bills
$222.76 to the account

very nice indeed!

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  #422 (permalink)
Elite Member
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3-28-12 Study

Bears seem to be in full control.
Somewhat overbought.



Trade 1

1108pm 3-27 The bears seem in full control, so I'm going short at first opportunity.
1140pm Couldn't find an entry on first solid move down
1215am 3-28 entered short at touch of MA... moving stop above last swing high. 838.6
1245 am Price did not move down as I expected so my entry sits right on the MA
with my stop out on the edge where my entry usually is. Crap. I entered a bit
too early.
111 Price starts to move down ... can't move the stop yet.

127 A Lower Low, thank God..... +15....... BE +2

128 Target moved to 832 / confluence of 50% PB on Hourly move and SR

158 London open coming ... tightening stop .... reevaluating Market State
200 Big bull move with London .... good trade management

+5



Trade 2

202 Market is in transition
212 reversal with volume ... should have been looking long from the start.
I can see the signs now.
220 big PB to the MA with rejection ... filled at 839.6 on continuation entry
stop below PB wick. neither one of my favorites. stop -13
I Put Bracket entry orders here - stop buy limit for the break and a buy limit
at my normal PB entry on the wick. The BO order was hit. The PB entry was
later realized. Impatience again*******************

227 my Edge scalps would have worked well in here. +++++++++++ NOTE
235 Targets 50% of large move down ...aprox 60 ticks... first area of concern - PB to 23.6%
will tighten stop here if reached
244 +7 no move on stop
248 small PB followed by a good push up, confirmed with Volume +13... stop to -4
253 HH with more Volume +22 BE+4
256 Price exploded to the 23.6% PB after it crossed the 0 fib pivot. I understand this is
the only trade some big boys take all day - with big size. Seems to be true +++++++NOTE+++
Will tighten stop here, as it is the safe exit...also some SR confluence

257 stop brought up tight 841.9
258 Stopped out

+ 23


Trade 3


259 OK ... lets see about this 23.6% area ... we are closing in on the moving time of the morning.
I expect big rejection here or a big move up to the 50% at least.
315 the levels are working... there is a battle here..... the bulls test the high with a 1 tick HH
324 Volume drops with the latest push higher .... hmmmmm +++++++++++NOTE+++++++++++
328 Volume moves in with the Bears. +++++++Note++++++++++
334 Big rejection !!! I can't believe it!

Trade 2 was the most professional trade of my career, so far

the entry was bracketed so I could not miss the move++++++++++++++++++++++++++++++
I strategically looked at the target options and tightened up at the first major battle area.
While still keeping my eye on the grand prize target.

Good ... Good.....

That is exciting, even if it is sim. I well executed battle plan.

OK ... back to work

341 PB to MA.... hesitant to reenter. Volume stays low
353 wow....complete rejection at the 23.6% level.... fascinating ....



OK that's it for me. I want to hold on to this killer feeling for a while

$272.76 for bills
none for the machine


I actually feel like a pro right now.

Definitely another round with hockey tonight .. Time for some sleep . I have a few days off.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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Last edited by tderrick; April 25th, 2012 at 02:53 PM. Reason: content
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  #423 (permalink)
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Just a Peek


I just had to see if price moved on to the 50%.

It was a full rejection ..... I can sleep now



Man, that was a good trade!!! woo hoo............


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #424 (permalink)
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your triangles are a bit off,...otherwise you do understand the principle
The more you do it the easier it becomes


P.S.
we'll have one more webinar-gabinar in order to answer all the Q's!!

talk soon

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  #425 (permalink)
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The Gabriyele Test

Ok .... Since this Gab gag is not too far from what I do anyway, I thought I'd jump in with both feet.

Price Action as it reacts to levels. My same old game.

3-29-12 study

Big sell off yeterday to end the session ... Price appears in transition
Price pulled back to the 61.8 on the huge two day bullish move almost to the tick. Fascinating


Trade 1

1121 pm 3-28-12 Can't identify the trend / I stay flat
1211 am 3-29-12 Price appears Bullish. Will Observe next test of EMA before entering long
1220am Buy Limit at 830.5 / bottom of wick testing MA
1227am Order filled long at 830.5
1255 crap... entered a bit too early ( wait for a deeper test of the MA***************) taking some
heat
well, as much heat as possible with my goofy tight stop method. --- entry looks silly now in
hindsight
right on the MA. ( Impatience - my nemesis***********************************)
129 Price gives me some room at +7 .... stop remains the same.... this has big room to run if it breaks
long.
130 HH and price breaks out hard as the short stops are cleared . +16 / stop BE +2
133 The most conservative target I can can is +53.... that is a good problem to have. I'm giving this thing
lot's of room.

137 oops I see a potential double top of the bounce high from yestday. The chart is earily similar to
yesterday also. Weird - same patterns developing . let's hope the bulls win this time.
143 first PB survived .....double top .... London Pending +18 / BE +2
200 London brings Bulls!! HH + 27 / locking in 10 or so
208 Crap ... it banged off that 23.6 again .....taking heat .....moved back to BE +2
217 If Price can break this level I'll just need one trade today.
219 HH !!! locking in some profits again +34 / +8
231 Arrrrggggghhhh price stalls .... I just can't move my stop. It's all or little on this one.
238 2 dojis...............cmon one more push ... i'm there.
246 HH............ not moving stop +41 ... Target 835.8
304 I pulled my stop up tight when I came to my senses and realized I had already made my earnings for
the day.
I had reached my target of my Aj wing... I can't call them Gartley because I've never studied Gartley.
I just made two logical triangles that looked "Gartley like" lol I was holding out for the "perfect
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target"
...... madness. Wanting to be right almost got in the way of earning a living.

$300 for bills
$56. 38 for the account

good enough.

I'm going to fast forward to see how strong this wing gag is.

407 am OK .... that was creepy . I actually forcasted price by drawing wings off 123 patterns.
I would have been stopped out with about 8 ticks profit.
I feel a little more creeped out than elated right now. It's like I've opened up a box of black
magic. hmmmmmm ... Two days in a row of actually feeling like I Know what's going on.

I will load in 3-30-12 this evening with some hockey...

I'm totally intrigued. This stoff is almost mystic .........

Notice how the chart looks almost identical to the other days!!! Crazy!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #426 (permalink)
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The Patterns

I'm using this morning to brush up on the classic patterns.

I'll get back to entry / exit mechanics later today or tomorrow.

I've found a new found fury


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #427 (permalink)
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Study, Study...

3-30-12 study

The bulls were in control over the last several hours, but price was entering transition.

Trade 1

1106pm Charts are giving mixed messages and volume is low - I wait
1204am I see the completion of a down swing to the MA. enter long 831.8
1226 +5 price is floundering, contempating flattening. Must let trade work. NEVER hit the close button!
1227 +9 OK ... if we break above the MA's on the 5min, I may have something. Close to the move to BE level
1237 +5 taking some heat. Don't move stop. Don't close
1245 0 Well, we have triple bottom . I may be in trouble. Bears are here
1253 +5 I made a horrble looking gartley pattern that appears to point to a 618 PB. It will be my target.
100 -1 May not need a target
113 +6 Pretty good rejection by the bulls
115 +13 It breaks ATM moves me to BE+2 ... pressure is off.
120 +17 testing high of day. This is it. If I win here, it goes to the target ....
125 +10 solid rejection
133 +16 Bulls try again
152 +19 HH ... not quite ready to lock in profits yet.
154 +18 Looking at the target area again by "looking left" , it is a pretty good confluence of Resistance and
Fib.
If it breaks this level, I'm good to go.
156 +17 all signals are positive, this thing should go.
159 +14 OK, 9 5min bars at this test of the daily high. Can't move stop. It's too close.
202 +9 Bears are here for the London open but fairly quiet.
219 +23 HH ... lock in a little profit just below the previous chaos.
223 +19 I may have a slow grinder here. oops HH +26
248 +26 HH .... I need one more push before I can lock in more profits.... Checking target zone again
301 +15 taking some heat. that would have stopped me out if I had moved earlier. Good Lord ... 3 hours..
Let's move !!!
304 stopped out


+7

I suppose I could have managed this trade a bit better. Should have locked in a bit more profit recognizing
that the trend was weak and it would be tough breaking through the 30 min DT. ah, Hindsight I guess.

I'm going out to Mow some pastures while it's cool, I'm not done with this day yet.

Replay Paused at 3:06 am 3-30-12


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #428 (permalink)
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Continuation

3-30-12 study Continued

Trade 2

3:06 resuming where I was stopped out by stong move down with Volume
3:12 Sell Limit placed 1 tick above swing high in an attempt to capture a DT @ 834.8
3:20 Price leaves me. Order cancelled. I think the bulls are still trying to break this thing
I will play this long as retest of the high off this DB.
323 Waiting for bar to close.
325 Buy limit 831.9 Long
327 filled long 831.9 .... 1 tick away from the 1st trade entry .... hmmmmm
337 Price forms up an edge ... could be good
240 +10 and the PB comes............ safe
342 +16 and BE +2
345 +18 strong retest of high coming. a little volume helping......
350 +17 bracing for one more PB
405 +12 PA not looking good ... I lock in a few more... leaving as much room as I can...Price within 1 tick
418 +17 / +9 locked
425 +20 my bulls are trying so hard. .... the swing high looms large.... keeping my distance... if it breaks
it will fly for big ticks.
431 +25 It's banging at the door.... this is the 4th attempt at this level
445 +40 Wow!! Bang and Pow!!! there must have been hundreds of stops up there for the bears.
Price exploded to two ticks below my target and sat there. I wasn't going to give back a dime .
I've been fighting for this target for almost 5 hours - It's mine. I lower my target to meet
the top of the bar and finally get filled. Notice the Volume on the the break out ********
All those stops being cleared..... love it...

Price looks like it may roll on more, but I'm cool with the trade.
I stalked the entry and had a clear target in mind.


A days earnings done... I'm out.

$300 for bills
$163 for the cause



good, good......

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #429 (permalink)
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The Triangles

Note to self ****************************

Drawing the triangles before trading gives an interesting view of target areas.
I am using the bottom line of the right wing as a trend line to point to a direction.
I then "fit" the triangle to "look" correct. Knowing that price must exceed the top
of the left wing.

fascinating...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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End of "Trading Month" talley


I have to admit, I'm a bit surprised at the trading month data, as I started out pretty week.

I set up the spreadsheet as I will trade my next live account.

I will start with $3K and stop trading at a 50% drawdown, although I'm confident that won't happen.
I have more saved up than the $3K, but I want to start small. I should be able to double the account
quickly with the stats I'm putting up. ...of course we all know about sim stats Kinda like counting
batting practice as hits.

Any hoo, I'm proud of the numbers. A couple more months of proving to myself I can trade, I may
release the hounds.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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