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Rob C

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Everything posted by Rob C

  1. Futures (ES) live trading journal 4/16/21 Friday. What luck to have a setup right after the open everyday this week. Though I was stopped out on the opening setup, I was still green for the day. We had strong upward momentum in the PM and a pull back at the open. I went long to test the highs (TT) with 3 contracts and was stopped out. Then there was a really large pullback. So large I would usually call momentum down. But the price had a resounding rejection of the PDC. So I still called it momentum up. So when there was the opportunity to go long I did with 2 contracts. Sold 1 contract at a conservative target and the other when the price slowed down. I may not be trading next week. I have an online seminar with the Day Trading Academy all week. Unsure if the instructor wants us to trade or not. Have a good weekend. Rob C
  2. Futures (ES) live trading journal 4/15/21 Thursday. Now 4 days in a row with a setup early in the day. This one was actually in PM. We had good upward momentum in PM and a pull back. The entry occurred before the open, so by rule I only took 1 contract. The price immediately dropped on me and I missed a stop out by a tick. Then the price moved steadily higher to reach my conservative target. I hope everyone is having a good day trading. Rob C
  3. Futures (ES) live trading journal 4/14/21 Wednesday. Feeling really lucky now that 3 days in a row there was a setup near the open. I was able to take the trade before I had to leave the screen. There was some moderate momentum down in PM but that quickly changed after the open. With in 30 minutes I was calling it momentum up. Then the price made a sharp pull back and I entered long. I immediately set my limit order for a conservative target. The price went up and touched it but did not fill. I moved my stop to B/E and the price dropped and almost stopped me out by a tick. Then went back up and touched my limit order several times without filling it. It was getting a bit stressful and I was just about to drop my order by 1 tick when it finally filled. The limit order sat for 10 minutes so I assume I rose high enough on the list to finally get filled. I left 1 contract in case the price ran. It didn't and I exited at B/E. I hope everyone has a solid day trading. Rob C
  4. Futures (ES) live trading journal 4/13/21 Tuesday. I felt very lucky that the last two days I had a setup right after the open. We had plenty of upward momentum in the PM then went flatline at the open. After 15 minutes we got our deeper pullback and an entry. I had a very conservative target for my first contract. I held another contract to see if the price would run. It didn't and I exited soon after. Have a good night. Rob C
  5. Futures (ES) live trading journal 4/12/21 Monday. I was glad to see a setup so quickly after the open. Since the middle of the night the ES was grinding higher creating a new high right before the open. The price pulled back and gave an entry right after the open. The reward to risk wasn't actually large enough to take the trade. But I usually see strength with testing the high at the open so I went long and the price reached my conservative target in a couple of minutes. I held onto to 1 contract incase the price ran. It didn't and I exited. I hope everyone has a good Monday trading. Rob C
  6. Futures (ES) live trading journal 4/09/21 Friday. There was downward momentum in the PM. But that changed right before the open and after 10 minutes I would call the momentum up. There was a pullback after the new high which gave an entry to test the high. I went long (TT) and immediately got run over. There was a deeper pullback and I tried a second test of the highs. So I went long (2TC). After waiting about 30 minutes and the price missing by a tick to stopping me out twice., the price finally reached my 1st target where I sold 1 contract. I held the other contract but pulled my stop up either too early or too far and was stopped by a tick and missed a few more points. Have a good weekend. Rob C
  7. Futures (ES) live trading journal 4/08/21 Thursday. There was first upward momentum in the PM then it dropped before the open and continued downward after the open and broke through the bottom of the range. Pulled back to test the level and then back down to make a new low. These are the break out trades I like the most. So I went short on the second pullback and got immediately stopped out. Later in the morning we started to get some upward momentum and a level was created (the third blue bar). We had a break out and I went long at the pullback. After a couple minutes we had a jump in price and when it lost its strength I exited. See you tomorrow. Rob C
  8. Futures (ES) live trading journal 4/07/21 Wednesday. Some momentum down in the PM, but turned sharply upward just before the open. Within 7 minutes of the open I called momentum upward and started to trade in that direction. We had a pullback and I tried to go long but no trade entry was given. The the price tested the highs 3 times and I shorted off the new low and was immediately stopped out. Momentum switched to the downside and a strong pullback where I was looking to go short but again no entry. Then the price dropped fast and pulled back for a failed break out setup. I went long and the price did reach my 1st target. With so little volume today I thought it wise to call it a a day while I am still green. I hope everyone had a good day. Rob C
  9. Futures (ES) live trading journal 4/06/21 Tuesday. Really happy I got a trade in today. I have a busy morning so I thought I wouldn't catch a setup. There was downward momentum over night creating a range. After the open the price broke the range and pulled back to test the backside of the level. Then price advanced to a new high and again pulled back to the midband. This is the best Break Out setup one can have. So I went long and as usual for BO trades I exited on the first sign of weakness. Yea I missed the run, but that is OK. I usually don't do well on BO trades. I need to be conservative. I hope everyone has a solid day trading. Rob C
  10. Futures (ES) live trading journal 4/05/21 Monday. It took 2.5 hours of intense watching before the ES gave it's first opportunity. The ES made another new high and a strong pull back. It gave a good entry but I couldn't get filled. The price moved higher and just touched the point of now return where it is too far to enter even if it pulls back. I did go long on the pull back and I wasn't breaking my rule since the price was just under 1 tick away from cancelling the setup. But 1 tick is close enough it felt like a chase. I did go long. I had to wait 35 minutes before we got some volume and the price reached my conservative target. The target I used may look too conservative. But I thought this may be my only opportunity today and I already waited 35 minutes (that is long for me since I have been trading ORBs for 2 years). Plus I increased my risk in April so nerves are a bit higher now. At the 1st target I sold 2 contracts and held the last contract for a stop at B/E. I hope everyone had a good Monday. Rob C
  11. Futures (ES) live trading journal 4/01/21 Thursday. I had to work late Tuesday night so I skipped trading yesterday. Today I was busy during the open and it was quite a bit of FOMO to see the trades I missed. So I probably took too many trades to make up for it. There was upward momentum and a successful test trade which I missed but a break out trade set up with a new high and a test of the level (blue) and back to the high. At the next pullback I went long. The price did make a new high and just missed my first target. I was stopped out at B/E. We had a new high and a reasonable pullback and I went long to test the highs. I did get a partial, then out at B/E. Another new high and a retest of the level. Then another new high and I went long. The price tried to go 3 times and I pulled the stop to B/E. Since the BO failed I switched to a failed breakout (short) which went just high enough to stop me out before the price dropping. Everyone have a good long weekend. Rob C
  12. Futures (ES) live trading journal 3/30/21 Tuesday. Sorry I didn't have time to post this yesterday and even too busy to trade today. There was some momentum to the downside but not a large amount. Then about an hour after the open there was a break lower and a pull back. I shorted on a break out trade and immediately got stopped out. After that the strength to the upside did not stop and there was a setup for a breakout trade to the long. This one worked, though I placed my limit order very conservative so not much of a winning day. See you tomorrow. Rob C
  13. Futures (ES) live trading journal 3/29/21 Monday. Not much direction at the open, but later in the morning we got strong momentum down. We got a nice pull back I tried to short but my order did not fill. Too bad it was a winner. Then the price broke through the bottom and pulled back so I went long with a failed break out. Luckily I set my limit order on a conservative target. It was filled quickly before the price pulled back. I hope everyone is having a good Monday. Rob C
  14. Futures (ES) live trading journal 3/26/21 Friday. There was upward momentum from the PM and a new high was tested several times before pulling back enough for me to go long. The stock popped up a bit and I pulled my stop up which caused me to be stopped out to the tick. That plus 2 S/O on equities I took a couple hours off from the screen. When I arrived back there was good upward momentum again and a strong pullback from the high. I went long and did get a partial (1 contract) then stopped at B/E. Have a good weekend. Rob C
  15. Hey Baily, I was having a good week until today. My mental state wasn't that great so I probably shouldn't have traded. I wisely shut my DAS platform down after three stop outs (two in equities). I stuck it out a bit longer on Futures and made up some ground. The good news is I usually end winning streaks with huge losses. Usually max loss day after day. So to end this winning streak with a -1.8R day is pretty awesome!
  16. Futures (ES) live trading journal 3/25/21 Thursday. Four trades today and they were all failed breakout setups. I am pretty sure that is a record for me. There was lots of downward momentum in the PM. So the range was already set before the open. The price stayed in the range for about 5 minutes before it broke to the upside and failed. When the price dropped back into the range I shorted and was stopped out. I almost never try a FOBO twice in succession, but I liked that the price tried to go higher 3 times and failed. So I shorted again. The price did drop some then bounced back to stop me out again. The price then popped out again and set up a FOBO for a 3rd time. But I didn't want to try it again so I let it go. Of course that was the winner. A few minutes later the price dropped out of the range to the downside. I went long when the price popped back into the range. This one worked and reached my conservative target. Later in the day (see the second chart) the momentum was strong to the upside and created a new high, which was tested and the price broke through. Then the price dropped back for a failed break out trade. This one worked and hit my target. See everyone tomorrow. Rob C
  17. Futures (ES) live trading journal 3/24/21 Wednesday. I could only trade the first 30 minutes after the open, so I feel lucky that I got a trade in. There was some upward momentum overnight, though stale by the open. But enough to draw a level. The price quickly broke the level and dropped hard bouncing at the bottom of the range. After the second bounce and new high I went long (TRT). The price just missed my limit order by a tick which was the VWAP for SPY. So I lowered my order by 2 ticks and was filled soon after. I hope everyone had a good day. Rob C
  18. Futures (ES) live trading journal 3/23/21 Tuesday. Not many opportunities today. I had to wait until 2pm EDT until I got a setup. Luckily I did quit while I was ahead because soon after there were two other setups that I would have been stopped out. Momentum direction changed 5 times today, each time with strength. The one I traded was a strong downward momentum that broke the recent low, retested and made a new low. Then on the next pullback I shorted. I don't have much trust in break out trades, even really pretty one's like this, so I set my limit order for a conservative target. Luckily it was filled before immediately pulling back. I hope everyone is have a solid day trading. Rob C
  19. Futures (ES) live trading journal 3/22/21 Monday. Some upward momentum in the PM. There was actually a nice pull back and setup to test the high in PM. But volume was so slow I didn't think I could reach my target before the open so I let it go. The price bounced around the range after the open and finally broke through and reached a new high and another pull back. I went long to test the highs with 2 contracts. I sold one contract at my conservative target. The price then was retraced to stop me out at B/E. I hope everyone will have a good Monday. Rob C
  20. Futures (ES) live trading journal 3/19/21 Friday. Unsure of market direction from PM, but momentum went downward right after the open. We got a really nice pull back. The setup to test the lows was so good I took an aggressive entry. The price instantly spiked down before I was ready, so my 1st target was not set. I quickly grabbed the order line (for contract) and dropped it on the current price and luckily got filled. I moved the stop, for the other contract to B/E and was stopped out quickly. Soon after the price dropped and made a new low and popped back up creating a failed breakout setup. There was an aggressive entry I could have taken, but I was waiting for a more conservative entry which didn't occur. Then my DAS froze for about 30 seconds. Then my Ninjatrader froze. After a few minutes and still it didn't recover, it seemed like the universe was saying to call it a day. I was a little positive on both Futures and Equities already so I called it a week. Have a good weekend!! Rob C
  21. Futures (ES) live trading journal 3/18/21 Thursday. So on Tuesday I decided to push myself to take trades after I am already positive for the day. If my 1st trade is a winner, even if it is small, I usually call it a day, so not to ruin it. Not a good habit. So my first trade on Tuesday was a winner but I pushed myself to keep trading until I had my 2nd worse day since going live Futures. So I don't think I am ready for that. So today I opened with a winner then I switched to SIM and took 4 trades (2 winners and 2 losers). Strong downward momentum in PM creating a bottom which was tested twice. Then after the open the price burst through the level and popped back setting up a failed breakout. I went long after two bars finished above the MB. I kept my target conservative. When it was reached I stopped my live trading for the day. I hope everyone is having a good day trading. Rob C
  22. Futures (ES) live trading journal 3/17/21 Wednesday. Thank goodness for the FOMC. I was almost at max loss for Futures and equities today and now I am in the green. Since I hit max loss at the open (Equities) yesterday, I will be in SIM at the open for the rest of the week on ORBs. Of course I had a really big day with 1min ORBs today...in SIM. We had light momentum down from the open and no setups. Then we had some light momentum up creating an area that we hope would be retested. This was not enough momentum for me to usually trade, but FOMO was high today so I took two longs and got stopped out for both. Then the FOMC statement hit and we got real volume. I waited 5 minutes for things to settle down then a really good entry presented itself to test the highs. I went long and took two partials. I hope everyone is having a solid day trading. Rob C
  23. Futures (ES) live trading journal 3/16/21 Tuesday. I have a bad habit, if the first trade is profitable I switch to SIM for the rest of the day. But I am really missing out when the market runs well. So today I decided to take all good setups. Wow what a bad day to try that. The 3 trades I took afterwards were all losers and even the 3 trades I missed while being away from my computer were also losers. There was really weak upward momentum in the PM and open, just enough to draw an area. The test trade did setup to test the high, but momentum was too light. Then I noticed SPY ETF was setting up to a real pretty 15 min ORBU. So I went long and the price did reach my target. Later in the day we got real momentum (to the downside). The price dropped and tested that level 4 more times and I went long on a new high (TRT) and got instantly run over. The price made a new low twice and bounced back and I went long again on a failed break out setup. The price gave it two tries to go higher than I got stopped out. A new low was made and a healthy pull back. I shorted. The price dropped a little then bounced back to stop me out. See you tomorrow. Rob C
  24. Futures (ES) live trading journal 3/15/21 Monday. Momentum down from PM giving a pull back right at the open. I shorted aiming to reach the low of the day but was stopped out. About a half an hour later the price made a new low and bounced back giving a failed break out setup (FOBO). I went long and the price just missed my target by two ticks and fell back to B/E. Lots of upward momentum for the midday and afternoon finally pulling back near the close. I went long for 2 contracts and sold 1 contract at a conservative target. I usually try to hold the second contract for double the range or B/E. But we were so close to the EOD I thought it not possible to reach that lofty target so I pulled my stop up below the area. A few seconds later the price spiked down and I was stopped out. then the price shot upward and did reach double the range. But I am still happy that I got another trade in before the close. I also had a really good day with equities so very happy with my day. I hope everyone had a good day, Rob C
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