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Showing content with the highest reputation on 10/24/2019 in Posts

  1. 1 point
    10-24-19 AIS 0800 with 4 hoiurs.... SS and a coffee... feel a little groggy.... PAT: No Sub par trades..... Keep share size Notes: DO NOT TAKE SUB PAR TRADES..... Keep my stop / R at 10.00 and 20.00.... AMAT PB#1..... B+ setup (thought of it as a A)..... this was a beautiful 5min ORB but lacked the confirmation of an ABCD... The LVL2 and the Tape was very bullish.... Took 50% partials two times at 1R due to the change in the price action on L2 and Tape...... then all out at BE..... +18.50 AZN PB#1...... A setup... mostly due to the Tape and LVL2 with a 30min ORB, trend of the 9ema on the 5min and an ABCD on the 1min... didnt make an A+ because the ABCD was not as clear..... My first mistake was I took it for a 10.00 R instead of the 20.00 that I thought I hit...... took 25% off at 1R and set an order for target that got filled.... My second mistake was not getting back in around .96 on the consolidation.... I was sure that it will go past .10 with force but I chickened out.... If it comes back down to test the 9ema on the 2min I may take another pos...... 2nd... PB#3.... A setup.... Trending the 9 ema on the 5min, forming an ABCD on the 2min (in on C and the bounce off the 9ema)..... very tight stop below last candle.... I did this because I seem to get reversed on this time of day.... I took 25% at a little over 2R and I have set a hard stop for BE so I can Journal... It hit my BE...... I maybe should have kept my stop at original position (would have stopped out anyway) but only time will tell, this is my problem part of the day so I am happy with the small win here... +30.59 1130 Will now go for a bit and work on other business ..... back in a bit.... MSFT PB#3.... A setup... trending the 9 and 20ema on the 5min, ABCD on the 2min and a nice clear direction.... Love the entry with small share size... was looking to add on after the partial but I got called away from the desk and sold (I should have set a stop order but needed to go NOW).... +13.00 Cons: Messed up on Share size and Grade of Trade on AMAT a bit..... I hesitated on the second trade of AZN and missed a better entry.... Pros: Controlled my FOMO Favorite Trade: AZN Notes: Pay more attention to Share size and Grade of Trade...... P&L Goal 50.00: +62.09
  2. 1 point
    24/10/19 much better day today exercising patience, nothing i liked at the open and so waited until 11:30 before i saw something i liked and got 1 and done with a 4.5 R winner. Trade 1: pendant formed on TSLA after a reversal from LOD, it broke out the top with increasing volume and never looked back. got good partials along the way and stopped out at a new 15 min low.
  3. 1 point
    Hello Everyone! Was finally able to trade Wednesday morning. I tried to trade after my last night shift on Tuesday morning, however, it didn't go well at all. None of my moves made sense. I was too tired, which in turn made me impatient. The lesson at this point is not to trade after my night shift. I figured it wasn't going to go well but I just wanted to see how I would do... Well Wednesday morning I took 4 trades in total (CAT, 2 trades in IRBT, TXN). For some reason, only took 1 screen shot of one of the trades (IRBT) The first trade was CAT. Tried to trade right at the open. Was hoping for a short squeeze but I had no idea how to do it but stayed in the green. Wasn't to serious about it, as my trading strategy right now is to wait 5 min after the open. 4th Trade was TXN, noticed an ABCD pattern and went for it. Didn't make much - need to get better at figuring out share size later on. Trade 2 and 3 IRBT Waited for the 5 min ORB. Went long right at the next 5 min candle with a stop loss at the VWAP. Started to look at the 1 min chart. Tried to scale out (too early) but hit the wrong hot keys and sold all my shares. I guess, now it was a good thing. But not good if I want to stay technical. Then noticed an ABCD pattern in the 1 minute chart. I also know that 5 min ORBs are usually ABCD patterns in the 1 min charts. I saw the hammer doji forming and went long. Was I too early? Stop loss just below the 9 MA. Scaled out at at least 2R this time. I then figured it was a good time to practice on how to enter stop ranges. Brought my low range to the B/E and my high range at my target for the high of the day. As always, feedback is greatly appreciated. Thanks!
  4. 1 point
    Since your hotkeys use BP %, default Share won't affect you. AON means 'All or None.' This means you intend to get the order filled completely and no partial. You rather have the order skipped when it can't be filled entirely. ANY means you don't care if the whole order is filled and partial is OK. I use ANY. Route should be SMRTL if you're with IB. Not sure what the other brokers default route is.
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