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Journal Entries Starting Today

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jesse592's Avatar
 jesse592 
Los Angeles, CA
 
Experience: None
Platform: Ninja
Trading: Futures
Posts: 9 since Apr 2021
Thanks Given: 2
Thanks Received: 4

Hey folks!

I’m joining lilgregy in posting a journal entry for each of my trading days. I’m a part time trader based in Los Angeles. I trade MES exclusively based on key levels and order flow. Feedback is helpful and posting will help me keep myself accountable.

October 18

Notes & Expectations
. High Time Frames: Daily 1 timeframe up, Weekly nearing Sep 25 high (4472), monthly low aligns with last month’s low
. Overnight Summary: drift down
. Notes for today: NA
. Inventory: 94% short
. RTH Range: 48
. ON Range: 33
. Posture: Risk off
. Open: Below value, below range
. FT Scenario 1: Responsive buying back into prior day range, push into 55-57 area, consolidate, pull back, fill gap back into 4431
. FT Scenario 2: Push low, take out ONL, impulse higher, buy to Friday settlement 4462.50

Watching
. 4463.75 MCPOC Oct 15
. 4462.50 Prior Settle & naked VPOC Oct 15
. 4429.25 Naked POC Oct 14
. 4430 area 50 SMA (already retested Oct 14)
. 4376.00 MC LVN (1 full month back)

Play-By-Play
. Open 4443
. Aggressive selling from 4445
. Tested down to 4437 and consolidated
. Impulse up to 4451 on 3298 positive delta
. Continued higher on strong positive delta with small pullbacks
. Consolidated in 4455 area with strong absorption/accumulation at lows *Long from 4457.50 (break even)
. Impulse higher at 9:37 CST on massive positive delta (4728 + 5,000)
. left for the day at 10:10 CST

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Opening Swing: H
L (Failed to record)

Current Balance Area (Failed to record)


Key Levels: 4429 MCVPOC

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Notes:

First day back to trading since I took a break to get familiar with my new platform (edgeproX). I got a late start and was feeling a little foggy. Didn’t want to force any trades. Took 1 long at 4457.50 for 2 lots targeting 4461.50 (core) and 4466 (extended target). The extended target was the next area of interest (stalk zone). I moved my stop to break even after the core was taken off, which is not in my plan (error). The extended target would have been hit if I’d left the trade on. R=1.56.

I missed a great setup after that when selling was absorbed at 4455-57 and initiative buying stepped in (1219 imbalance at the low). That set off an impulse higher with a good R factor. Frustrated to have missed it, but not sweating it because I’m focused on easing back into the swing of things.


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Last Updated on October 18, 2021


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