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Frisco's Trading Journal


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Frisco's Trading Journal

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

Style:
I trade primarily NQ. My strategy involves a combination of order flow, trendlines/levels and technical indicators, looking for a confluence at key inflection points across multiple time frames. I use Sierra Chart. Indicators I use are Bollinger Bands, Simple Moving Averages and Ichimoku.

Target:
I don't have a set profit target for each trade, I let market structure and my levels/indicators determine the target and I monitor order flow throughout the trade for any triggers to exit prematurely

Managing Profitability:
I target aim to make 30 NQ points per day per contract. Once I hit my target I give myself one more trade. If it is a winner I keep trading until I get back to my daily target or give back 10% of my gains whichever comes first. The fewer trades per day I can make, generally the more profitable I am.

My goal is to post my daily premarket thoughts with graphs, then each trade and a final recap at the end of each day.

If you find any of this useful please smash the Thanks button, also feel free to ask questions or comment on anything

Also please go to the link below and hit the Thanks button for me.


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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/8 Journal

Pre-market thoughts:
OVN is almost 100% net long. 680 is my LIS. Below could see 625, 600, 570. Above watching OVN high at 745, 770, 840. We did break the hrly TL that started yesterday morning, and it now sits around 770

Recap
My 680 level was never tested, closest we got was 691. 745 was hit early in the morning and there was a 50 point sell off. The rest of the day was mostly chop 745 was tested again and held but was not as responsive. The 770 level was hit and blown through during the EOD ramp.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received


4/9 Journal

OVN roughly net neutral. My line in the sand (LIS) is roughly 700. Below watching 650, 615/605, 580/570, 530. Above 750, 800, 850 then ATH.

Need to be patient today don't want let the up tick in volatility sucker you in after a mostly dull week.

I have a channel on the hourly that we are hugging the bottom end at ~670 right now. How we react here will shape my bias for the rest of the day.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/12 Journal

Morning Thoughts:
OVN is roughly net neutral 770 is my LIS. Above watching 835, 870, ATH. Below watching 730, 700/690, 660/650, 620. Range overnight was about 70 points. Going to be very patient this morning, wait to see how things play out.

Trade(s):
Only took 1 trade today, Long 13,770 in the afternoon(12:02 PST), scaled out at VWAP (13,785) and the reset at the century mark (13,800)

Why I took the trade: 770 was a key level I had been watching, it built out as the VAL for the day. If bulls wanted to keep control they need to protect that level. That was also the hourly 2sd, 5min 3sd, 15min 200sma and 1min 3sd. Having confluence across multiple time frames becomes an automatic trigger.

Recap:
Market was trading in a balanced range for most of the day. Buyers made a push into the close but were not able to capture the OVN high. The low of the day was last weeks POC. Looking to see that area defended OVN otherwise we could be in for a trip down to 645 then 595

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

9/13 Journal

Morning Thoughts:
OVN is mostly net neutral. The ramp this morning pushed through the 870 level I had yesterday and came up just shy of 900. 830 is my LIS, above 870 & ATH are the areas I will be watching. Below 810, 780, 730, 650

Trades:
Only took one real trade today, the rest of the day I was just scalping (mostly unsuccessfully)
Longed 13905 at 7:21 PST exited 13928. Why I took the trade; 901 was previous ATH, the morning pushed through the level like a hot knife through butter. Saw this as a biased retest of the level. It was also the 5min mid, hourly 2SD and a trendline I had on the 4hr. When looking at the entry sellers were being absorbed after the push into the level.

Recap:
Today, was a bit tricky imo. The morning session had good structure, the mid day was just chop and the afternoon was just a nonstop grind which if you weren't long going into it you didn't have much of a chance to get in. I would expect the single prints to be filled during ETH 13930 needs to hold otherwise I see a high probability of today's gap being filled tomorrow.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/15 Journal


Took yesterday off completely and forgot to post on here this morning. Plan from twitter:

Trades:
Took a couple of trades today, but should have let them run for more than I did.
#1 Long 13939 @ 7:03am PST After strong move up out the gate, price came back into the 5min mid & 1hr 5sma. This was intended to be a quick trade as I thought price might try to make it's way back into the Open. Exited for 15 points at RTH VWAP & the 1min Mid

#2 Long 13985 @ 10:10am Price went up and tested previous ATH and rejected. Came in to a trendline I had on the hourly, which was also the 5min mid and a rebid area I was watching. Was targeting new ATH at 14030 but exited +20 after the ES had barely moved.

# 3 Long 13981 @12:14pm Price had made a new intraday high but failed to break the ATH from yesterdays ETH. I entered after the bounced off yesterday's open/RTH WVAP, this was also the daily R1 and another test of my hourly TL. I was stopped BE after it rallied 15 points, was darn near the bottom tick before it ran to make a new ATH. In hindsight on a trade like this I should have taken profit on half at 10-15 points and let the rest run knowing my target was 50 points away.

Recap:
Although we did make a new ATH today, the close was rather weak IMO. I hope this can lead to the return of some volatility instead of this daily new highs trend we are on. OVN if we get back below 950 could be a bearish sign.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/16 Journal OPEX Friday

Plan:
OVN is net neutral to slight short. 950 which I thought would b the key to lower prices, held overnight. 000 is my LIS. Above 020, 060, 085, 105. Below 975, 950, 930 , 895, 840, 820.
LIS comes from hrly TL and hourly mid (screenshot below)


Trades:
No trades today, wanted to get long at 950 and was front run by a 6 points. After that initial move lower it was mostly chop, there were a few opportunities to scalp but I had a good week and only wanted to take prime trades.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/19/21 Journal

Plan:
OVN is slightly net short. 980 is my LIS. Below watching 950, 930, 900/890, 850 & 830. Above 000, 030, 070, 130. There is a pretty steep trendline from the OVN move that I do not anticipate holding, if it does could be a very bearish day.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/20/21 Journal

Plan:
OVN is net neutral thanks to the sell off that started in the Euro session. LIS is 890. Above 925/930, 965, 000, 030. Below 870, 850, 810, 770. There is a channel on the hourly that we are trading in


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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received


4/21/21 Journal

Plan:
OVN is net neutral. LIS 750. Above 770, 795/800, 820, 850. Below 710, 680, 660, 610, 570. We are in the middle of the channel on the hourly I posted yesterday.


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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/22/21 Journal

Plan:
OVN is net neutral, very tight range ~50 points. 890 is my LIS. Above 930, 975, 000, 030, 060. Below 850, 820, 785, 750, 720.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/26/21 Journal

Was out Friday traveling for a wedding. Going to take it easy today as I get back in the swing of things.

Plan:
OVN is net short. 920 is my LIS. Above watching 935, 950, 980, 025, 050. Below 900, 850, 830, 800, 760

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/27/21 Journal

Plan:
OVN is net long. LIS is 000. Above 050, 075, 100, 150. Below 980/970, 950, 925, 900 & 855. I have a bottom of a previous channel at 14100 on the 4hr chart. I expect this to get tagged at some point this week.

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Frisco
San Francisco, California
 
 
Posts: 16 since Mar 2021
Thanks: 10 given, 22 received

4/29/21 Journal

Plan:
OVN is net long, incredible how strong Apple earnings can push everything higher. LIS 020. Above 040, 060, 080, 120 & 150. Below 000, 980/970, 940, 910, 890

Recap:
Did not expect the sell off to come that early and that aggressive this morning. 890 continues to be a major level, the market caught its breath there on the way down and on it's way back up. I updated my levels on twitter to include 860/850 and 820. We found a bottom at 820, the top of the excess from Friday's move up.

14040 Continues to act as major resistance. With the majority of the major companies in the index having reported failure to break that level could lead to the near term top being in.

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Swayer
Ho Chi Minh, Viet Nam
 
 
Posts: 1 since Apr 2021
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Thank you!

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