Jump to content
hailchaser2

New Trader Journal

Recommended Posts

Wednesday LIVE

+2.35R

5/8

How Many Winners Made 2:1? 3/5

I gave away too much later in the day again. 

pl.PNG.19bd9ad093da278ec19278cade15ed1a.PNG

 

KODK Pre Market +1.0R

Would Have Made 2:1? YES

7-29kodk.PNG.52fe057f2f530db708718bbe7b029309.PNG7-29kodkstudy.thumb.PNG.ec2a4147c071e6041d465868c5f70840.PNG

 

TSM 1MinOrbDown -0.39R

My original stop was above first candle, I exited when it looked more like an Orb up instead of an Orb Down.

 

7-29tsm.1.PNG.63a80088b34cfb1ab61e319fe3e67056.PNG

 

INTC 1MinOrbDown +1.6R

Would Have Made 2:1? YES

Had two adds to this short, it was a nice trade.

 7-29intc.PNG.d1896327920fb8c8192dd18ba8c587c0.PNG

7-29intcstudy.thumb.PNG.c7564461eb51ce87e8a06ea960ed9fac.PNG

 

AMD BODown@Level +0.2R

Would Have Made 2:1? NO

7-29amd.PNG.7c7a9fdf14d505b2e987c687debb7fb7.PNG7-29amdstudy.PNG.284f47ab321f685a2615cdc1f513c1db.PNG

 

SBUX Double Top +1.1R

Would Have Made 2:1? YES

 

7-29sbux.PNG.d7dfcde27b1888eb57dc5da3f90dcc0c.PNG7-29sbuxstudy.thumb.PNG.0ceefd785fd55a1785e7d18d6aab9c7c.PNG

 

 

Here is where I lost concentration again today, started firing at no strategy trades again.

 

TSM.1 DoubleTop, But I chased it bad. -1.0R

TSM.2 Revenge Short -0.78R

TSM.3 Revenge Short Again +0.59R

Would Have Made 2:1? NO

7-29tsm.2.PNG.38dc4f2dec241c60a643e546351b9b66.PNG7-29tsm.2study.thumb.PNG.ef3f85d62c9b5aaa5716f69df7624c24.PNG

 

I took screenshots full screen today on my "2:1 Study Charts" I don't like how they look here in the forum, so I'll go back to the other way I took screen pics.

 

Some good trades today. But I think I need to adjust my late morning trading, either switch to SIM after open session, or walk away for 30 minutes or so after open session to clear my mind before the late morning session.

I'll get into tradervue and look at the time of the day and see if there has been a pattern this week.

Edited by hailchaser2
  • Like 1

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Nice Day !

I like the $SBUX trade !  Nice catch !  Do you have the 50sma on your chart ?  Would that also be Peter's mountain pass ?

What a crazy day for $KODK !  People must have made and lost some serious $$.

  • Like 1

Share this post


Link to post
Share on other sites
4 hours ago, tntp45 said:

Nice Day !

I like the $SBUX trade !  Nice catch !  Do you have the 50sma on your chart ?  Would that also be Peter's mountain pass ?

What a crazy day for $KODK !  People must have made and lost some serious $$.

The 50SMA is the thicker grey line. It was close to his mountain pass, I don’t recall all of his criteria. But I know my entry was probably too soon for his setup.


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Thursday LIVE

23/28 +6.4R

How Many Winners Would Have Made 2:1? 15/21 (Not Sure where my other two winners are, but I'm not going to try and find them.

I'm exhausted after today, for one, I drank too many beers last night, and then I traded almost all day.

7-30pl.PNG.6eef11e210e1906ac9272b95ad27006b.PNG

 

KNDI Pre Market Lighning bolt up +0.52R

Would Have made 2:1? NO

7-30kndi.1.PNG.7fb9e5d14b3915e09e72de8201869caf.PNG7-30kndistudy.PNG.4d9917d18efb7054d0d7b59f1a140b38.PNG

 

QCOM.1 1MinOrbDown +0.72R

Would Have Made 2:1? YES

QCOM.2 NoStrategy -1.36R

QCOM.3 Double Top +0.68R

Would Have Made 2:1? YES

 

7-30qcom.1.PNG.91d91867d22abca12e74cddce45a24ed.PNG7-30qcom.1study.PNG.f4491e5c8a29896fb06c8dc37a2fb8de.PNG

7-30qcom.2study.PNG.9e40d43f1fded19c7503a142a6866402.PNG

JPM.1 5MinOrbDown +0.17R

Would Have Made 2:1? YES

JPM.2 Double Bottom +0.1R

Would Have Made 2:1? YES

7-30jpm.PNG.923e11817f68b434bc922b110c390693.PNG7-30jpmstudy.PNG.8499605e21777a4e0a0fa14195a42ee3.PNG

7-30jpm.2study.PNG.453963093fd77e9d239feed7181d5a99.PNG

 

UPS BOUp@Level +0.7RWould
Have made 2:1? YES

7-30ups.PNG.93083e7eee6bb175d5ba0d7447dfa85e.PNG7-30ups.1study.PNG.6a7f637264daca1db06e942497bf537c.PNG

 

BA.1 LighningBoltUp +0.3R

Would Have Made 2:1? NO

 

7-30ba.1.PNG.26405f08880f48089fec30937f5b79a8.PNG7-30bastudy.PNG.0aab4a81a937ad37bbe2dd984a77e80f.PNG

 

KNDI.1 Double Bottom +0.12R

Would Have made 2:1? NO

KNDI.2 No Strategy +0.12R

Would Have Made 2:1? NO

KNDI.3 No Strategy -0.3R

KNDI.4 No Strategy -0.46R

 

7-30kndi.PNG.8a2639ff0fbd073ebbfe45e7e925d4fb.PNG7-30kndistudy.PNG.a8d44f95ac63e7269c7ae00e0f3c153d.PNG

7-30kndi.2study.PNG.d58e00fc0099f0f2ca38026c4739efad.PNG

 

BA .1 Reversal -1.1R

BA.2 Reversal again +1.2R

Would Have Made 2:1? YES

7-30ba.2.PNG.08be019485fbcfddc401088c8d3f294f.PNG

7-30ba.3study.PNG.6f7f82d3e2b72513e6369a556428335f.PNG

 

IPO

LI.1 +0.04R

Would Have Made 2:1? NO

LI.2 +0.05R

Would Have Made 2:1? NO

7-30li.PNG.c431b15cd41db74d81085d1f1877ce3e.PNG

 

UPS.1 Aiman Reversal +0.2R

Would Have Made 2:1? YES

UPS.2 Aiman Reversal Try 2 +1.0R

Would Have Made 2:1? YES

 

7-30ups.2.PNG.4dd13250fe45681a4b8f2bdea89183ca.PNG7-30ups.2study.PNG.0f0a93f5652ef9cf388e2b7cf34ba023.PNG

7-30ups.2study.PNG.7d52fd107fd3cd49dc5b962b0ef9f2dc.PNG

 

AMD.1 Reversal +0.18R

Would Have Made 2:1? YES

AMD.2 Reversal +0.64R

Would Have Made 2:1? YES

7-30amd.PNG.96c9271d252a682825b69aa0c176eb1d.PNG7-30amd.1study.PNG.51d14176fc13250d4a4b91b5ff8a71ea.PNG7-30amd.2study.PNG.80f28cad4d7903e2dd458ee191a80aee.PNG

 

KO Squak News Trade +0.5R

Would Have Made 2:1? YES

7-30ko.PNG.b747f88f7115866bf1280bc703f80de8.PNG7-30kostudy.PNG.eba78db34fa55ff8a737993aafe8e01d.PNG

 

QCOM BOUp@Level HOD +0.85R

Would Have Made 2:1? YES

7-30qcom.2.PNG.8d9afdf26173abfd7dd811c006ae5566.PNG7-30qcom.3study.PNG.432051aff43f00aa11bc2ab2cf943001.PNG

 

ZM.1 Squak News Trade +0.12R

Would Have Made 2:1? Yes

AM.2 Squak News Trade +1.6R

Would Have Made 2:1? YES

7-30zm.PNG.2f8da766b8d6e4916bf32ad750a94ef8.PNG7-30zm.1study.PNG.c7256394ddb481d09420f200a3e7c698.PNG7-30am.2study.PNG.368ba6f24deb2db831d89401de1c69b7.PNG

 

AAPL BOUp@Level HOD +0.23R

Would Have Made 2:1? YES

7-30aapl.PNG.db3cd805c9a8eeb7e6b4ce361929f47e.PNG7-30aaplstudy.PNG.59bf504adae470052e28518877e3d257.PNG

 

 

Long Day. I traded ok, but I still had several trades I exited with small wins that I should have been patient on and held for the 2:1 mark.

 

 

 

  • Like 1

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites
4 hours ago, hailchaser2 said:

Thursday LIVE

23/28 +6.4R

Awesome Day !  Congrats !

  • Thanks 1

Share this post


Link to post
Share on other sites

Friday LIVE

5/10

Max Loss -1.7R

Winners would have made 2:1? 4/5

7-31amd.PNG.9f25d548b65b9bc50c5c8d2bfd55d14d.PNG

ROKU Would Have Made 2:1? YES

7-31roku.PNG.98bfd4cc1597c07cf3905a22e2fc9674.PNG 

7-31rokustudy.PNG.a780ea62610629ac6275d3914626fa0b.PNG

7-31mrna.PNG.8b797fd15fba8ba9e77b073ad47caafe.PNG

FB Would Have Made 2:1? YES

7-31fb.PNG.5f9ea553ea3809661d5294043f4d48db.PNG

7-31fbstudy.PNG.2bc46d16a66ffa2e0e6f86da81cab8b5.PNG

PINS Would Have Made 2:1? YES

7-31pins.PNG.7c1947b4750fab9b730f19db789ce59e.PNG

7-31pinsstudy.PNG.719b59d7e600b118c0d7b67cbc6c9e5c.PNG

UPS Would Have Made 2:1? YES

7-31ups.PNG.c764ab41663f10754ec9852b80e286b9.PNG

7-31upsstudy.PNG.ec3be0b33393be8595816781ac727be3.PNG

7-31qcom.PNG.40eca7acac30b706a17a1dfbc17c07fe.PNG

BA Would Have Made 2:1? NO

7-30ba.1.PNG.75a0048d34ab5ecda8f3fa211bbf9d53.PNG

7-31bastudy.PNG.f8af5abba599678f916232b123aa8daf.PNG

7-31ba.2.PNG.ccffa706f03bccab90134b46453c6c31.PNG


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Monday -2.3R Max Loss

8-3pl.PNG.c988bb788407228abdfc96ec7bb85103.PNG

 

2/7

Winner Would Have Made 2:1? 3/3

 

I made 3 pre-market trades on MSFT, I shouldn't do this. -1.8R before the bell.

8-3msft.PNG.4ce7e8ca0d6c9a73487c9649a7ac0a00.PNG

BA Would Have Made 2:1? YES

8-3ba.PNG.2d1719ed25f5da226e60a6086e101820.PNG8-3bastudy.PNG.b38f629f318be3391e11763fd79bcf93.PNG

ROKU Missing Pic, will update later -0.79R

RCL Would Have Made 2:1? YES

8-3rcl.PNG.8fadbcb963da34aa4c68bc7d0f46f806.PNG8-3rclstudy.PNG.251448c99bc8c2926e928da638a36c9b.PNG

 

PINS, exited early, Would Have Made 2:1? YES

8-3pinsstudy.PNG.731e9238a830f1b91efa524d10ed89a6.PNG

 

Edited by hailchaser2
  • Like 1

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Tuesday -1.7R

8-4pl.PNG.8afac39acd605550efc41e73f1ee0664.PNG

5/10

How Many winners made 2:1? 2/5

Since I had bad trades pre-market yesterday, I traded in SIM pre-market today instead of Live

Probably shouldn't have, because it was a Nice +1.78R, so that messed with my psychology before the open, because it was in sim and not live.

8-4blnksim.thumb.PNG.89958884ed51485d9caacd527e3c6ebc.PNG8-4blnkstudysim.thumb.PNG.fef596234b9723d00dad26a145d13434.PNG

 

PINS.1 1MinOrbDown -1.0R

Crazy price action made a big wick above VWAp and stopped me out, price shot back down immediately

PINS.2 Revenge 5MinOrbDown -1.0R

BAD TRADE

PINS.3 BOUp@Level +0.93R

Would Have Made 2:1? NO

8-4pins.thumb.PNG.4105cce9b445248e770262a1785e3300.PNG8-4pinsstudy.thumb.PNG.06d64e2e20f4fcf71d93b80699886c98.PNG

 

ROKU 5MinOrbUp +0.23R

Would Have Made 2:1? NO

ROKU.2 chased a lightning bolt up -1.0R

 

8-4roku.thumb.PNG.5daf6bae8f1af530f7ad0cf370e02dee.PNG8-4rokustudy.thumb.PNG.7ff6488f199c11a97d1964bcf7b0ba23.PNG

 

NFLX BOUp@Level +0.55R

Would Have Made 2:1? YES

NFLX.2 BOUp@Level HOD -0.73R

8-4nflx.thumb.PNG.090868776c573ad986fd80d26c9389de.PNG8-4nflxstudy.thumb.PNG.f540c6ccc545838c8ed2f37c030170a5.PNG

 

NKLA BOUp@Level +0.2R

Would Have Made 2:1? NO

8-4nkla.thumb.PNG.0d8ed37567cb1860d54596e6274d18f4.PNG8-4nklastudy.thumb.PNG.463be98f6caa79c92f5dfeb4aa96e80e.PNG

 

SQ.1 Lightning Bolt Up -0.4R

Entered before the pattern materialized

SQ.2 LightningBoltUp +0.47R

Would Have made 2:1? YES

8-4sq.thumb.PNG.fb740e6e7e63d20facaf52538e581708.PNG8-4sqstudy.thumb.PNG.6666e6d21c7c7353a6a6e12dcf14f291.PNG

 

Today was the first Morning back in the hotel in Gillette, hopefully I'll settle back into my hotel routine tomorrow, I felt out of it this morning. 

My goals the rest of the week, NO MORE PRE-MARKET TRADES, IF I LOSE ON MY FIRST 1MINORB I HAVE TO WAIT FOR 5MIN CANDLE TO FORM TO TRADE AGAIN, ON MY 5MINORBS WAIT FOR 2:1 BEFORE TAKING FIRST PARTIAL UNLESS THERE IS A DISTINCT LEVEL MARKED BETWEEN 1:1 AND 2:1

I'm in a bit of a slump right now, these goals for the week should help get some confidence back.

 

 

Edited by hailchaser2

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Wednesday

8-5pl.PNG.ae2c8c17a3b1bf2b43a6f15ebbff6a75.PNG

3/3 +4.7R

How Many Made 2:1? 3/3

How Many Made 4:1? 2/3

JNJ Pre Market Breaking News +1.2R 

CNBC had breaking news about government money for vaccine going to JNJ, I quickly clicked over to the chart, tape started picking up speed, so I entered. I only risked $5, so it was really a 2.4R trade, but I didn't want to mess up my stats, so I just left the R as if I really risked $10 like all other trades.

Would Have Made 2:!? YES

Would Have Made 4:1? YES

8-5jnj.thumb.PNG.7549dd8707f5863758321cbd372e317d.PNG8-5jnjstudy.thumb.PNG.c2326a970a4fceab5a4725080b0b465c.PNG

 

AMD 1MinOrbDown +0.36R

Would Have Made 2:1? YES

Would Have Made 4:1? NO

 

8-5amd.thumb.PNG.c0f7608f9a2856eef09af53bd0e05be0.PNG8-5amdstudy.thumb.PNG.efba8ef2638cd726e01e55a8f615d6cc.PNG

 

DIS 5MinOrbUp +3.17R

Would Have Made 2:1? YES

Would Have Made 4:1? YES

8-5dis.thumb.PNG.962caa98588e26c2c1e2f2204626c792.PNG8-5disstudy.thumb.PNG.399b24559b5ee46735a47361ed7b5afa.PNG

 

This DIS trade was my Member Trade of the Day entry (From this point forward MTOD for short), below is my marked up pic. I really thought I had a chance to win with this one....but I didn't.

distod.thumb.JPG.6d61f0f29ece6da16572ebaf02636336.JPG

 

I still only succeeded in waiting for 2:1 one time today. But my overall trading was much better than Mon and Tue.

 

I am going to start tracking if my winners reach 4:1 now that I know most of them will reach 2:1.

 

Let's keep this momentum going.

 

distod.PNG


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Thursday -0.69R

8-6pl.PNG.730161d1b6fea9e1b54ad2637ab776a7.PNG

6/9

 

How Many Winners Made 2:1 4/6

How Many Winner Made 4:1? 1/6

I had two winners today that should have been bigger, but I guess since I was in another trade my buying power was not enough to risk $10, so one risked $2.30 instead and another around $5.00 instead.

ATVI 1MinOrbUp -1.16R

I'm ok with this trade, I determined 87 as good level to go long if it tested it and couldn't break down in the premarket. It came down twice and tested VWAP, so I entered after the second test and break above big VPB bar, trade didn't work out.

8-6atvi.thumb.PNG.af7138a0cac6db470794df3e81418aed.PNG

 

FSLY.1 1MinOrbUp +0.11R

2:1? NO

4:1? NO

This was a bad trade, my stop was below VWAP, so R:R was way off.

 

FSLY.2 5MinOrbDown +0.26R (should have been 1.06R, only took 2.30 risk instead of 10.00)

2:1? YES

4:1? NO

 

8-6fsly.thumb.PNG.fe61c134c8bb92b000c2bd05093bfd05.PNG8-6fsly.1study.thumb.PNG.3a41ebc5fb0d4cbd3624e2e3dc263469.PNG8-6fsly.2study.thumb.PNG.a4f8136da511b1224e0ef8d15f0a95da.PNG

 

DIS.1 5MinOrbDown -1.0R

DIS.2 5MinOrbUp +0.25R

2:1? YES

4:1? NO

DIS.3 BO Up @ Level Revenge Trade -0.44R

 

8-6dis.thumb.PNG.1ecc84aeec2753549fd7583c9668ea65.PNG8-6dis.1study.thumb.PNG.d7350a84330f6019cf1fdb3a9df54728.PNG

 

MSFT LightningBoltUp +0.67R (Only risked 4.48 instead of 10.00, so should have been 1.4R instead)

2:1? YES

4:1? YES

8-6msft.thumb.PNG.eb0c8513d512051b35a2101943bc9cde.PNG8-6msftstudy.thumb.PNG.ae489ca3a56f9dce15362325a4f01582.PNG

 

 

SQ BO Up @ Level HOD +0.13R

2:1? NO

4:1? NO

8-6sq.thumb.PNG.a71d482dac4ccd7b28bb3500e459cee1.PNG8-6sqstudy.thumb.PNG.3234cdadea7cab8e88daf23a20283f13.PNG

 

DKNG BO Up@ Level HOD +0.55R

2:1? YES

4:1? NO

This was a bad trade, way too extended from VWAP and 9 on 5Min. because of that I got cold feet and took half my position off after minute and a half.

 

8-6dkng.thumb.PNG.4894be738f73a6b476757086ee0d19b7.PNG8-6dkngstudy.thumb.PNG.59f4fe142cdf36b98e400fb851db9912.PNG

 

I had two bad trades today, but I thought I traded worse than that. Some bad timing with my buying power issues, cost me 1.4R. So this should have been a green day. I'm going to have to start checking available buying poser before entering a second trade I guess.

I bought some hand exercise squeeze balls today so i can keep my hands busy while I wait for 2:1 partial.

 

 

Edited by hailchaser2
  • Like 1

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Fri Max Loss -3.8R

1/6

2:1? 2/2

4:1? 1/2

I counted the UBER in 2:1, 4:1 that would have been a winner without hotkey mistake

8-7.PNG.a67098bcc3d62b9be4159914c8d022e4.PNG

 

RKT No Strategy Pre-Market +0.1R

2:1? YES

4:1? YES

8-7rkt.thumb.PNG.edc043b555d7a92df2e0c046fd935578.PNG8-7rktstudy.thumb.PNG.a3223fcab029ed0d665f47a4b8be0e08.PNG

 

JD 1MinOrbDown -0.91R

8-7jd.thumb.PNG.539c7b68ec66b3146d299884f12b5ea3.PNG

 

Uber.1 5MinOrbDown -0.19R

2:1? YES

4:1? NO

HotKey Error, I tried to take a partial and ended up adding to my position instead. Frustrating.

 

Uber.2 5MinOrbDown -1.0R

8-7uber.thumb.PNG.85941cb78da1cb180d836b9fde97a3f2.PNG8-7uberstudy.thumb.PNG.ca2a6124bd11cd539e25440cf7d14911.PNG

 

DDOG 5 MinOrbDown -1.0

8-7ddog.thumb.PNG.53258217c91798c7f7d2122b6ffb11e7.PNG

 

DIS No Strategy -0.81R

NO PIC


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Weekly review

1 Green Day 4 Red Days

Very rough week, -3.89R

17/34=50%

How Many Winners Made 2:1? 14/19

How Many Winners Made 4:1? 4/19

 

 


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Monday +2.5R, 5/6

2:1? 5/5

4:1? 4/5

8-10pl.PNG.49861c5f7ec98e5a8d18b840ce36019c.PNG

 

MCRB BO @ Level Pre Market +0.06R

2:1? YES

4:1? YES 

8-10mcrb.thumb.PNG.1230b8dc82d018d14eced82e6c321a39.PNG8-10mcrbstudy.thumb.PNG.8bbb4e3ef684801b808e51057fc1adfe.PNG

 

UAL 1MinOrbUp +1.06R

2:1? YES

4:1? YES

8-10ual.thumb.PNG.db4581aba0eb14bd56e114cfcccc6016.PNG8-10ualstudy.thumb.PNG.4b37efbc62d6d7a5a223435e23f08722.PNG

 

 

MSFT.1  5MinOrbDopwn -0.64R

This first entry was too far from VWAP, but I was afraid of missing the move.

 

MSFT.2 5MinOrbDopwn +0.096R

2:1? YES

4:1? YES

Good trade, but I got cold feet and exited with miniscule gain

 

 

MSFT.3  5MinOrbDown +0.69R

2:1? YES

4:1? YES

A bit of a revenge trade because after I exited the last trade, price dropped immediately so I shorted again. Because I knew this was not a solid entry, I partialed 50% quick. The trade ended up more than 10R, but I had taken off 50% before it even reached 1R.

8-10msft.thumb.PNG.e767737e0c809e57c8f013229b355af4.PNG

8-10msftt.1study.thumb.PNG.bb2585bdd1d11e2e95c22a686961023f.PNG8-10msft.2study.thumb.PNG.26dc6dbd355c69c1481201decacc7388.PNG

 

 

MGM 5MinorbDown or 5 Min Engulfing Crack, not sure which I should label it as +1.26R

2:1? YES

4:1? NO

 

8-10mgm.thumb.PNG.bb9af03d358aedbfcfcf3b75e91c20c0.PNG8-10mgmstudy.thumb.PNG.062849da48e4bd4650552a725ec90b5c.PNG

 

Traded ok today, still struggling on holding for the first partial, and not happy with how I traded MSFT.

 

I was considering not trading 1MinOrbs this week, but when I reviewed my trades last week, my biggest problem was hesitating on 1MinOrbs, there were a few times I didn't take the trade when it looked good and it ran without me, so then I would try to force a 1MinOrb on a different stock on the 3rd or 4th candle. So I picked the stock from my watchlist that made the best looking 1min candle (No big wicks, nice sized body, closed above/below VWAP) and concentrated on an entry during the 2nd candle.

 

Edited by hailchaser2
  • Like 2

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Tuesday +1.63R, 3/4

2:1? 3/3

4:1? 2/3

8-11pl.PNG.1e3012f2011cc8099a6a01e4fae78df1.PNG

 

DIS 1MinOrbUp +0.49

2:1? YES

4:1? YES

I should have entered this again after test of VWAP for a 5MinOrb, but I was afraid to lose my profits from the first trade. I need to learn not to let an earlier trade affect my analysis of the next trade. The second trade would have been a clear 5MinOrb with smaller time frame ABCD.

 

8-11dis.thumb.PNG.053857d9686890fc3032eda1203c10e6.PNG8-11disstudy.thumb.PNG.d07bbbda61f713699ca02b994647c518.PNG

 

MGM 5MinOrbDown +1.1R

2:1? YES

4:1? YES

 

8-11mgm.thumb.PNG.83a1fd25944345f77c008b2c70ac3ef6.PNG8-11mgmstudy.thumb.PNG.0dcef44c44c21612c7f276accd2c4ea7.PNG

 

CCL LightningBoltUp -1.1.R

I should not have entered this trade until it broke through the 100sma and 200sma that were sitting right above VWAP. I even told myself twice if it got to .40 mark which was break even, I would get out. I didn't and it cost me an R.

8-11ccl.thumb.PNG.3ae0b2e1a5d8921b68aac4430fc31a90.PNG

 

RCL 5MinOrbDown +1.1R

2:1? YES

4:1? NO

When the above CCL trade failed, I saw it was a short, but the only cruiseline available for short with CMEG is RCL, so I switched to it and shorted.

8-11rcl.thumb.PNG.750d00fe33722bd359bdfb3517b7e2da.PNG8-11rclstudy.thumb.PNG.b0d434eb792acecdda838f7147800892.PNG

 

Decent entries again, but I didn't wait for 2:1 on anything. I need to unpack my stress balls. I'm in a new hotel and they are still in my bag.

 

  • Like 1

If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.