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Hi, I'm starting my trading journal to help me stay in, let's say in a WAY. I don't want to find any success in my trading, basically because it doesn't work but I will try to do something with my trading, like every day. I trade full-time and my success is "managing my time". This is my main point every day.
I have been in every stage you can imagine, and the only way I found, personally, to be IN, every day, is when I realized that there is more than trading that you can use to succeed in your life. I think this one is the first goal everyone wants to achieve and it's the path.
1. How do I trade? The name of my journal is self-descriptive, Price Action Flow (PAF). This means I use Price Action, pure bars without any indicator, and Order Flow, a Heap Map software.
2. I'm trading 4 accounts. Why 4, maybe you ask? Let's say I can trade smaller and have bigger results. I have found that going for 200$ every day is a really easy quantity to achieve without thinking too much about it (the main goal every trader needs to build)and it's not consuming time in front of screens. As I said, there is more than trading in my day or is the goal to achieve.
3. I Trade MNQ, with a high watermark of 6 contracts. I scale in and out, and I add to positions if I see some momentum.
Let's start the journey with this Trading Journal and see if will help in any way. I don't expect anything, only things going on.
Video showing an example about how I Trade. I'm using a Leeloo account that has achieved the profit target and waiting for my live (SIM ... ) credentials to work with another 3 accounts. Let's explain a little what you will see in the video. I have found a Buy Strenght Zone and the market pause in a congestion zone. Enter long at the breakout. ¿Why did I enter Long at the BreakOut? You can see in my HeatMap that there is interest in selling up and I will take my targets at this area. I added to more contracts in the high of the first failure breakout up. The video is self-explanatory.
Here is an example of how I analyze Price Action. Basically, I try to find where sellers are in control, where buyers are weak, and where are areas of congestion to get later the expansion. There are always 2 ways, long or short. If short fail, long is the other option.
The story is going on with a good buy sentiment and followed by a Congestion zone, awesome areas to look for expansion/momentum trades...is a really objective analysis about what is happening.
Hi, today I have been trading for 2 hours and I took 1 trade. I see a buy support zone, created by passive buyers. The market goes up to sell and goes through these passive buyers. Entered Short and goes out at the daily goal. You need to multiply these results by 4. This is the magic to trade more accounts than more size or more dollar's goal.
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I closed my Trading at this time and enjoy the rest of the day with family and kids. Life is more than trading. When you realize that, you will be happier, and will be easier to arrive at some point in your Trading.
Take a few trades. I'm close to my daily goal and want to post the last one because has a good price action. Resistance zone, sell pressure with sell limit orders. Entering short to take passive buy orders below, but market fill sell limit orders and entered more contracts in favor of the short side.
) credentials to work with another 3 accounts. Let's explain a little what you will see in the video. I have found a Buy Strenght Zone and the market pause in a congestion zone. Enter long at the