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Starting the thread and my previous one was started at the beginning of April and I am starting it today from the start of the week and will update a journal entry each days journal.
Can you help answer these questions from other members on NexusFi?
Monday, and little news, I found scalps the best setups, I was able to recover an early trade that hit my stop right away but sizing down and scalping out what I gave back & ended rhe day flat on that. I also was not sure what direction we were headed, and did not trade my live account until the end of day where I just saw myself saying no to trading the trend and not even considering the counter trend, so i took a scalp to long & ended the day small win on my live account.
Looking forward to staying patient. trading my best and waiting for the right trade. Does always offer chance and have chosen to move from sim to live and manage the trade never walk away from an open trade.
I have been having a bit of a late night and writing into the early hours of the night and usually fall asleep at my keyboard.
Today I woke up through my alarm and seemed to be ready to chart and spent more of my day charting than trading. I continue to work on my eval I started Monday which led me into second day late day. I had been out of the run up into the London Session which when I return later in the day had been wiped back down to where the support level and help, I scalped a move up off the lows of the morning session and made again a decent trade and improve on my Risk Reward profile. I took 5 trades, 3 wins, and ended the day green on that new evaluation & small green day on my funded account.
I started the day early, and was much more patient, I ended the day in profit on 4 accounts & started a new evaluation going for another larger of my funded accounts.
I was expecting a more stable open like ytdy where we went sideways & then had a move up, that was what I was waiting for and when we dropped early and then got a spike, I was hesitant because the move down seemed more strong and the upmove was a bit slow but eventually got going, although it did not reach my upside target so I did not short the move up or the reversal. Instead I waited for a retracement off a move lower, and when we got a weak retracement I scalped the move into lows of the RTH session and watched for a move lower, which was again a slower move but seemed it was searching to get the right way to go and make concerted effort to move, which was down. In fact I planned to trade only sim tdy. I had other things on my mind and had some things mid morning to tend to and was unsure of that period which had me away from my usual spot. I did get my trade in although I have simple targets and have been try not to be greedy and simple accept if I take a small win to be done. Trying to stick to my LT plan to keep base hits, and build the account. As well I am using a suite of tools I built myself and an autotrader that can execute automatically w entry and exits, or manual entry w either manual exits or automated exit handling. bsctrading.ml/ is where I have some of the Algos and suite of tools being a host.
Over night I had been trading the London Session and I wait for a key level to be traded through and on the 60m chart saw there was a trade when there was an accelerated move down that happended after the move through a key level being broken to the down side, as well the trade was in line with the larger trend on the previous 4 days. I Also took one trade on my funded account later in the PM session and was done by the RTH session.
Friday and I was a decent week though I wanted to keep little on the table and not return what I had been working at over the past 3 weeks.
There was a large move ytdy and unless massive confluence to continue that trend I was happy to scalp part of the day. I watched for a low on the RTH tested twice and wait for a higher low formed and a move up and had a trade that was taken through patience and persistence watching HTF. I ended the week red on a funded account but small red and will continue to work on my rules to stick to only trading the same minded entries capitalizing on simple and repeatable setups.
Monday, I spent the weekend coding and have been making great progress although much is two step forward and re asses then one step back and often is a factor in new ideas my systems are built well enough to compartmentalize these simply and separate the ones that do not work and build out the ones I want to keep in there.
On a review the Monday is an single Up trend POI in in the past 6 active days, as there was continued trend of a higher price in the RTH which was relatively lower high to the previous days Highs, as that is a trend itself today it was broken w a higher high to the previous Fridays Highs although there was a massive NWOG which was tested and achieved higher priced but on an HTF there was no stable price action to continue above and that was the entry I took to move back down to the trend on the TF. I am working on 3 evaluations for a prop firm Leeloo Trading as well working on more when the opportunity is aligned to make returns for my trade account.
Today I feel my scalping got in the way of trading to make more but I keep my trades styles. If I can find a habit that I understand when to and when I do what makes me money that has in the passed been my best setup to be able to grow an account to where I am able to trade less and live more. Last week of the month of April, my best work is yet to come.
Today I am trading less simply I am tired and have been staying up late as well there are larger Tech co. presenting ER through out the week which will most likely offer opportunity so when there is something that is of importance it is best to make money when you understand why things are reacting in a mannor that can make money following the smart money.
I had a few entries on the RTH where we did not hold the daily range as well it seemed that there was a accumulation period near the lows the RTH session although on the HTF the trend is continued dow, Lower Highs & lower Lows, & unsure of the earnings if there was a surprise it can lead to unexpected moves.
On these days we trade less and look for reasons things develop a new trend of continue the current down trend. No one knows before something happens that it was going to happen no matter how well it is worded or how fast an explanation is to be written.
Did you not read the Moderator Notice at the end of your last trade journal, when you were told that as a vendor you cannot have a trading journal?
The usual action when a vendor such as yourself makes promotional posts plugging their web site is to be banned without discussion. We decided not to, because of your posting history here. But we did quote the policy, which makes it clear, and we thought you would take it seriously.
I am not sure if you just didn't read it, or didn't get the message, or if you have simply decided to ignore it.
I will give you until tomorrow evening at this time (Wednesday 4/26/23) to respond and to tell us what you plan to do. You cannot continue with your journal, for the reasons already discussed. If you did not read the notice in you previous journal, you should do so. If you are going to plow ahead and ignore the warnings you have received, you will just be permanently banned, with no more warnings and no more discussions.
If you keep posting in this journal, I will take that as your answer and will just ban you.
If you are going to follow the rules that have been spelled out to you, then you will not be banned, and can continue posting here, but only within the rules. Which means no trade journals, to be clear.
Up to you.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
