hailchaser2 185 Posted July 1, 2020 3 minutes ago, Christopher Patterson said: we took the opposite trade on $MU, I took it long on the 1 min orb to the upside for a break of $52 there was a wall of about 200,000 shares being sold there, I knew it was significant but didn't realize how much till i checked my recording, it almost broke it, but then got stuffed down. I'm not that big of a fan of $MU, it always seems to trade with wide candles, it wicked me out on an ascending triangle later in the day too, it was a great entry and broke my way. You should be proud of your month man! Really, great job! I just posted that on your thread. My stop was at 52.01, high of that candle was 52.02, then it dropped about 80 cents. Maybe next time I'll go .03 above whole dollar instead of .01. Thanks 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
tntp45 53 Posted July 1, 2020 Awesome trade on $NVDA. Anything in particular that put that stock on your watch-list ? Congrats on being positive for the month ! Share this post Link to post Share on other sites
Christopher 129 Posted July 1, 2020 (edited) Right at our entry yesterday (791 + 209 + 69 + 791 + 3) * 100 = 186,500 That's a lot of shares dude lol Here was the money 1 min orb play today, trap those bears and get a nice squeeze before the run down. I love it! Edited July 2, 2020 by Christopher Patterson 1 Share this post Link to post Share on other sites
hailchaser2 185 Posted July 2, 2020 21 hours ago, tntp45 said: Awesome trade on $NVDA. Anything in particular that put that stock on your watch-list ? Congrats on being positive for the month ! The daily is why I was watching NVDA on Tuesday 30th. Look at the big bottom wick on Monday 29th. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 2, 2020 (edited) I know in my journal yesterday I said I would continue trading in SIM the rest of this week. Well, I said f%$k it. I went back live today. Wednesday LIVE +2.8R SQ 1MinOrbUp +0.9R I was watching SQ because the daily had formed an ascending triangle the last 3 candles, it had also tried braking this level for 5 consecutive days. I took my first partial too soon, but hey, it was my first live trade in a month, I'll get better at slower partials. I think I'm going to set up a hotkey to draw a line for my first partial (one R). DAILY TRADE FDX 1MinOrbUp +2.8R FDX had gapped up a lot on earnings, beat on all expectations. Got a good entry near VWAP after the second candle pullback. Then it was off to the races. I had some other trades I skipped, I attribute these good decisions to my improving self awareness. I'm sure everyone is tired of hearing about my self awareness, but I really believe that was the biggest missing part of my trading skills. I could always see afterwards the reasons I should not have entered the trade, now I'm aware before I enter the trade. I ask myself if this is one of my setups or not, and I can skip the trade if it's not. Before, I would enter the trade first, then realize it wasn't a setup I was supposed to be taking. Thanks BBTFamily Edited July 2, 2020 by hailchaser2 2 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 6, 2020 (edited) Thursday LIVE -3.9R I've already written this journal entry once. I was at the airport Friday morning , but I guess it didn't save before I had to board. So I'm doing it again, from another airport now. My psychology was rattled before the opening bell, the President was getting ready to talk right at the bell. I knew from the past that things he says can really make the markets move. This caused me to lose confidence in my decision making. ROKU 1MinOrbDown -0.09 This entry was either late, or I had some slippage. Then my partial was early, causing a stop out . NCLH 5MinOrbUp -1.0R I'm happy with this trade, it met my criteria and even had the ABCD on the 1Min. Price quickly went against me once I entered though. BA.1 No Setup +0.34 I saw the MAs and TFL act as support so I went long, but this isn't one of my current trading strategies. I should not have entered. BA.2 5MinOrbDown -0.042 This wasn't a clean Orb, the first two 5 Minute candles had bottom wicks. probably should have stayed away from this one as well. EDIT BA.2.5 5MinOrbDown -1.0R While doing some TraderVue review, I realized I had 4 BA trades not 3, I tried this 5MinOrbDown again. BA.3 LightningBoltUp -1.1R Didn't follow the three touch rule on the pattern. JPM 5MinOrbUp -1.0R Another trade that wasn't as clean as I would like to see. This was trending up, but it had already tried this price level 3 times. I should have sat this one out too. When my trading was over Thursday, I felt bad all day, I thought I traded terrible. After reviewing and doing this journal entry, I feel a lot better. BA1 and BA2 were bad trades, but the others were minor mistakes that I don't feel terrible about. ROKU good trade but partialed too soon, NCLH good trade, BA3 not patient on pattern, JPM, too many prior tests of price level. I won't get to trade today, I'm flying back to work, so I'll be on an airplane at the open. Edited July 6, 2020 by hailchaser2 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 7, 2020 My flight was delayed this AM, so I thought I might get to trade the open, but they started boarding right at the open, so I closed my laptop and got in line. Then they stopped boarding, so I made a couple trades on my phone. Monday LIVE phone trades +0.29R UBER.1 5MinOrbDown +0.15R I missed the 1MinOrb because of the boarding issue, so I took a chance on the 5 Min even though it didn't have a pullback I usually look for. UBER.2 TFL BreakOut +0.14R Not a setup I should have traded. I'm in a new town now, left Gillette Thursday and I am now working in Belle Fouche South Dakota now. I should be able to get my full setup hooked up tonight and get back to normal tomorrow. I expect this job to last a couple weeks. So I should get a good morning routine going here. 2 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
tntp45 53 Posted July 7, 2020 Phone trading...Strong !! Do you have additional monitors for your laptop ? I am thinking about getting one... Share this post Link to post Share on other sites
hailchaser2 185 Posted July 8, 2020 Tuesday LIVE +2.8R ROKU 1MinOrbUp +1.0R I took this trade at 57 seconds instead of waitiong the full 1 minute. worked out well. UAL.1 1MinOrbDown +0.4R Good trade UAL.2 5MinOrbDown +1.3R Another good trade Back to my normal setup in my new hotel room, felt relaxed and comfortable. I really like Williams meditation video, I watch it every morning 5 minutes before the open. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 8, 2020 21 hours ago, tntp45 said: Phone trading...Strong !! Do you have additional monitors for your laptop ? I am thinking about getting one... I’m not sure phone trading is a good idea for me, I’ve considered deleting the app from my phone, lol. Yes, I carry a monitor with me to set up in my hotel rooms. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 9, 2020 Wednesday LIVE +1.5R Pretty uneventful morning, the three trads I took were ok, but I'm proud once again of the two trades I passed on because they didn't meet my criteria. I think I'm going to start adding them to my journal, because IMO, they are more important to my development than the trades I do take. My growing self awareness is what allows me to stay away from those setups. UAL 1MinOrbDown +0.7R Not much to say about this trade, it bounce right off the daily level I had drawn, wish it would have followed through more. but I took a 50% partial at that level. WMT 5MinOrbDown +0.5R I chased this trade a bit. WMT was on my secondary list, so I missed the nice 1MinOrbDown because I only have charts up on my main list. when I clicked over to WMT I had some FOMO and entered the trade way further from VWAP than I like. I was fortunate this wasn't a loser. SQ 5MinOrbUp (more like a 15MinOrb) +0.23R This was late in the day for me (9:56), I like to have things wrapped up within 30 minutes because I have to leave for work. SQ was holding above VWAP, once it broke through VPOC I took it long. It just didn't have the juice yet though. Not a bad trade, the 1MinCandle prior to my entry did have volume above average. Tomorrow, keep it up, the follow through will eventually happen. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 10, 2020 Thursday LIVE +1.9R 5/6 ok trades today, I had an old habit creep in, partialing too soon. I did it 3 different times today, all would have been nice winners instead of very small winners. ROKU.1 1MinOrbUp +0.43R ROKU.2 5MinOrbUp +0.09 These are the ROKU trades with "R" lines drawn, I'm going to consider waiting for 2:1 instead of 1:1 . ROKU.1 ROKU.2 WBA 1MinOrbDown -0.97R This was a bad trade, I chased the entry. FSLY 5MinOrbUp +0.23 Great trade, except for partialing too soon. See below Could have been a nice trade with 2:1, or even if I had waited for 1:1 it would have worked great. looks like my first partial was around 0.6. JD 5MinOrbDown +0.3R JD.2 5MinOrbDown +1.8R First trade was too far from VWAP, second trade was good. I need to be more patient with partials, tomorrow I will try to draw the "R" lines during the trade. It's difficult on 1MinOrbs because things are happening so fast. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted July 12, 2020 Friday LIVE +1.9 R 4/5 UAL 1MinOrbUp +0.4R JPM 5MinOrbUp +1.6R Good Trade BYND.1 5MinOrbDown -0.8R entered too early BYND.2 5MinOrbDown +0.34 Good trade, but entered late, I was nervous because of the prior stop out. GILD 5MinOrbDown +0.33R ok trade, it looked like it wanted to dump hard, but it didn't This week I had a great win % of 89.5 (17-2) but most of those positive trades were less than 0.5R. I think I'm taking my first partial too soon. I need to take a couple hours this evening to look back at how the trades would have went if I had partialed at a 1:1 which is my plan, but sometimes I don't even wait for that, and also what would have happened if I partialed at 2:1. I know my win rate would be less, but my R's may very well have doubled. IDK. I also have to consider my psychology, I still need to keep my confidence up, so maybe at this stage in my learning I need to keep the nice win rate. Any thoughts on this BBTFamily? This Week 5/5 green days +8.378R If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
Christopher 129 Posted July 13, 2020 Yo! Just an observation it seems like your quick scalps in the first 5 minutes are actually helping, where maybe 5 mins + being more patient might increase the R count. Your hit rate is insanely high! keep it up, grats on the good first week back! 1 Share this post Link to post Share on other sites
hailchaser2 185 Posted July 14, 2020 (edited) Monday LIVE +1.0 R 2/2 How Many Trades Made 2:1? 2/2 MU 1MinOrbUp +0.14 R Would Have Hit 2:1? YES Partialed too soon, the SPY started to drop quickly, so I wanted to get out of this trade with a small profit. I am going to start tracking if my trades would have hit 2:1, that is what the pic with purple dash lines is. WYNN 5MinOrbDown +0.9R Would Have Hit 2:1? Yes First partial too soon on this one as well. This pic of AMD is a trade I called in chat but did not take, like I have talked about in prior posts, my self awareness is really improving. even though this looked like a great pullback to VWAP, with good R:R, I passed on this trade because it's not one of my current setups I am taking right now. I have committed to taking 3 setups, I am excited that I am able to stick to this plan. I am actually only trading one of the three right now, ORBs, I haven't really traded any lightning bolts or Doubletop/bottoms because I am only trading the first 30 minutes. Hopefully DaS doesn't have data issues like this morning, that kind of threw my watchlist build out the window. Earnings season is also here, with a few banks that I trade reporting. Should be exciting. Edited July 17, 2020 by hailchaser2 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
