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AJ's Journal
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AJ's Journal

  #451 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Some New Stuff

Monday 5-7-12

I'm running a few entries real time as I clear up some studio paper work. The anaBarTimer is great for this with it's
snappy alarm triggering just before the end of each 5 min bar. I just look to see if a setup bar formed while my
focus is elsewhere. Sure beats just starring at the screen for hours on end. I always wait for the bar to end anyway.



Trade 1

Friday saw a big sell off. Looking long
125am Buy limit at a PB to VWAP filled @ 777.5
136 Stop tightened by 2 / 3 ticks below edge of wicks
137 I'm trying something new - target just below high. Sell limit just above.
154 +12 / BE+1
159 London pending / BE+2
202 Just survived the London spike
203 the order Plan worked …. So far

+23ish Long

206 Moving target short to S1
209 +7
216 +12 / BE+1
220 I was so focused on holding the trade to target that I forgot what I was doing .
**************The short was a Counter Trend entry!! take the 10 ticks and run!!*************NOTE

+1


Trade 2

225 Buy Stop @ 780 / Looking for a BO
245 filled @780.1 / Stop -12 / Target yesterdays Low / +40ish
247 Volume support with move
300 Taking heat / -3
319 a little breathing room. ( Man…. this is the way to manage a trade. Place / fill the order and do something else
+5 a check back frequently)
328 +7 / stop to -4
340 moved stop back to correct position when heat came… ( Why did I move it anyway??? lol)
352 HH / no volume
422 PA is bad / tightening stop again
425 HH / whew / that was tough in real time
427 Target tightened to closest SR line on hourly
436 +12 / BE +1 ….ahhhhh
457 Target hit with ease and price moves on.. oh well . I took the best target.

Daily goal hit.

Tried some new stuff today... and survived ... good lessons.

I'm going home

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AJ
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"Life On The Edge of SR"
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  #452 (permalink)
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Taking A Break

I'm taking a wee little break away from the computers... I was starting to dream charts.

See ya in a week or so. Back to nature for a while


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #453 (permalink)
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tderrick View Post
I'm taking a wee little break away from the computers... I was starting to dream charts.

See ya in a week or so. Back to nature for a while

Enjoy your vacation!



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #454 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

The Last Push

Tuesday, 5-15-12 Replay study

OK. Back to my 5 min chart studies.

I have been keeping up with my swing trade positions during my break.

I have started to make money in my swing trading the spot
currencies and am digging my way out of the learning curve hole I dug for myself. It's interesting the way you can
lose money so fast, but making it back seems to be a slow, steady grind.

I'm using daily and 4 hour charts - making the use of the 5min chart for the futures seem a bit like
madness. I'm going to try and focus more on the 30 min chart for the TF and use the the 5min for order
entry.



Trade 1

1120 PA makes a series of HH's and HL's. - Entry on PB to VWAP om 5min
1125 Filled @ 776.8 / Target adjusted just above Y-VWAP on hourly chart - To an old consolidation area.
1207 +12 / BE+2
1213 Holding long through test of high
1227 No rejection of test of high. We're going long.
1237 +14 / Target still looks good to me
1256 +15 / HH
100 BO / +25 / Lock in +15
103 Target hit

Price closes exactly at common closing area on hourly - previous day

+31

Daily goal hit

Welcome back

This is my last study push before taking some live trades again. Shooting for the end of next month.
Feeling strong.


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AJ
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"Life On The Edge of SR"
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  #455 (permalink)
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Catching Up

5-29-12 Replay study

OK. I loaded up last weeks data to study so I will have a feel for the current market conditions when
I start pulling the trigger live once again.

The swing trading of the spot currencies is going very well. I'm using hedging more and more.



Trade 1

1100pm The charts open to a little bull trend. A fade appears to be the first opportunity, however.
1111pm Sell Limit @ 772.1 for a quick scalp - countertrend
1115 Not filled switching to a long entry attempt
1120 Buy Limit @ 771.4 / move to 20ema
1123 order filled / target search - most conservative is 1 tick below yesterdays high @ 773.3
1128 trading into a resistance ceiling so I will go to BE quickly.
1206am +9 / stall at test of high.
12313 HH / +11 / BE+2
1231 +14 / bag a few more ticks profit- +4
103 Target hit

+19



Trade 2

104 studying PA @ the big resistance area on hourly chart
110 the expected hard PB at the Y-High level occured. / I hesitate to fade a retest
114 Bulls retest quickly and create a HH / We may be on to my secondary target of Hourly R1
130 the expected stall at the key level occurs. / must wait / holding out for London open
204 London brings a break out to R1
206 R1 is hit / I looked at that target first. Ah hindsight
211 Instant bounce off R1 / Obviously, some traders simply have Sell Limit orders just sitting there.
223 Sell limit @ 774.9 to try and catch a fade off major resistance / fixed 15 tick target -countertrend
234 Order filled @ price / Target moved to bounce off VWAP
306 Target hit

+25 ish



Trade 3

307 looking for an entry bounce long off VWAP
310 Buy Limit @ 772.2
330 Filled @ price / target - retest of high
331 stopped out

-5


Ahhh... should've quit when I was ahead. Oh, well. That trade has won for me in the past many times - just
not this time.

Daily target hit.

Good practice.

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AJ
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"Life On The Edge of SR"
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  #456 (permalink)
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Thanks: 4,260 given, 2,527 received

Range Bound Study

5-30-12 Replay study

Hourly chart shows big swings in both directions with a slight bullish bias.
Small, fixed targets seem to be the call for the day.

Trade 1

1042pm Fading on test of low / Buy Limit @ 772.1
1047 Filled at price / 15 tick target on bounce of VWAP
1101 Stop tightened by 2 ticks
1127 +11 / BE+2
1140 Target hit

+15


Trade 2

1155pm Sell Limit at formation of a PA edge on top of VWAP @ 773.7
1200 Filled at price / fixed 15 tick target


+15


Trade 3

140 Sell limit at doji spike 773.1


+15



Trade 4

205 Looking to fade BO / 10 tick quicky
215 Buy limit @ 770.1
219 touched but not filled
236 Sell Limit 771.7 / PB to 20 ema
241 Not filled


I'm calling it while I'm ahead

Daily target hit

God, I hope I can keep this going.

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AJ
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  #457 (permalink)
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5-31-12

5-31-12 Replay study

Yesterday was a bit more trendy with a large sell off. I may be a bit more flexible with targets today.
I will start out with the 15 fixed target.

Trade 1

1045 pm No setups yet
1147pm No Setups yet
1204am The bulls start taking off. this one may leave me
1206am There is room to the upside. / I have to find a PB entry long
1243 can't find a way in
121 Finally a little PB to the MA / Buy Limit @ 761.3
202 The London open gives me a swing low / filled at price
204 Target move to SR / y vwap / y-poc confluence
210 +11 / BE +2
218 Target filled

+22 / a great PB entry for me / I don't like entering during a break out trend


Trade 2

228 PA @ pretty strong resistance area on hourly
234 Price bounces hard off SR level. / I'm gettin good at identifying these levels. It takes a lot of
pressure off of exits.
236 PB to VWAP / the true test is near.
240 a set up bar forms / but it is within PA and scary / holding off ( turns out to be a good decision)
245 Sell Limit on failed test of high @ 763.2
250 Not filled on first try.
301 moving order to 763. 4 / fearing a test of high / price touches previous local. damn
307 Filled at price / price testing by 1 tick as expected. / let's see if the bears win


-5 / bulls win big

************* I made a mistake betting against the VWAP bounce / The bears were rejected at that point*******
Learn!!!!!!!



Trade 3

316 There is big room for the bulls now, it appears
337 Price moves on


Getting a little tired / I better quit

No daily target, but in the green

A good learning lesson on trade 2 - I simply was not focused.

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AJ
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"Life On The Edge of SR"
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  #458 (permalink)
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6-1-12

6-1-12 Replay Study

Large 100% swings yesterday. No clear Large Time Frame Bias.
Small fixed targets will be the strategy today.


Trade 1

1035pm Buy Stop Limit 1 tick above low of day @ 752.6. Looking for a retest bounce long
1047pm Order Filled @ price
1104pm Target Hit

+15


Trade 2

1125pm a battle for the VWAP is underway
1139pm it appears it may have been more of a DB and bulls are looking for more. That's cool- I took the safe target.
1150 Bulls looking for a breakout.
1209am Buy Limit @ 754.3, PB entry attempt long / using retest of VWAP
1257 PB just missed me. Order cancelled. Bulls appear to be in trouble
110am Sell Limit @ 755.7 / order @ the common price of several candle bodies . (Edge)
202 The London open fills @ price / Moving target to retest of low of day / 1 tick above / Stop 1 tick above wick
205 +15 / BE+3


+15 I chickened out when I saw the big PB of the swing low bar. Moved target to 15



Trade 3

212am Still a slightly bullish bias
214 a huge bearish bar with a strong PB wick / Fade entry Buy Limit @ 753 w fade atm in affect
223 +12 / +10 locked with trailing stop


+15 stopped out on ATM trailing stop



Trade 4

227 crazy PA / complete battle mode
230 No PB wick on large bullish bars / No fade entry per my rules
250 PA on the inside of range / no trading
259 Price in very tight range / slight bullish bias still
305 Buy limit @752.7 / fade ATM
307 Not filled / looking for a short
325 Sell Limit @ 7541 / Common price area near VWAP
336 Price leaves me and makes a huge push to S1 on the hourly charts
348 Buy Limit at Yesterdays low 749.7
406 Price crashes through yesterdays low


-5 stopped out

Pretty good work at fading the extremes. But, I missed the bigger picture of a failed bullish bounce
and then the continuation of the larger time frame selling.
This was the trade for better traders than I.

I have a hard time passing up these quick hit trades that I know are good for around 15 ticks most
every time.

I, also, find it interesting that I seem to do my best in the PA that trend traders avoid. The
consolidation channels. Fading the extremes is like shooting fish in a barrel. I'm only
lost once price breaks out. I find it very difficult to enter precisely during a hard trend.

Daily target hit.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #459 (permalink)
Elite Member
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Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

6-1 chart

oops...

Forgot to post my chart.

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #460 (permalink)
Site Administrator
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Posts: 46,240 since Jun 2009
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tderrick View Post
I, also, find it interesting that I seem to do my best in the PA that trend traders avoid. The
consolidation channels. Fading the extremes is like shooting fish in a barrel. I'm only
lost once price breaks out. I find it very difficult to enter precisely during a hard trend.

Daily target hit.

Market ranges most of the time, so just get good at identifying when it is trending and don't trade during those times

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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