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hailchaser2

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Thursday -0.69R

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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.

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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

 

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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

 

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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

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SQ BO Up @ Level HOD +0.13R

2:1? NO

4:1? NO

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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.

 

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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
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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

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RKT No Strategy Pre-Market +0.1R

2:1? YES

4:1? YES

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JD 1MinOrbDown -0.91R

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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

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DDOG 5 MinOrbDown -1.0

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DIS No Strategy -0.81R

NO PIC


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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

 

 


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Monday +2.5R, 5/6

2:1? 5/5

4:1? 4/5

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MCRB BO @ Level Pre Market +0.06R

2:1? YES

4:1? YES 

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UAL 1MinOrbUp +1.06R

2:1? YES

4:1? YES

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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.

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

2:1? YES

4:1? NO

 

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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
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Tuesday +1.63R, 3/4

2:1? 3/3

4:1? 2/3

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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.

 

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MGM 5MinOrbDown +1.1R

2:1? YES

4:1? YES

 

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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.

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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.

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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.

 

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Wednesday +0.41R 4/5

2:1? 3/4

4:1? 3/4

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BOXL, SIM pre-market trade +0.88R

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MSFT 1MinOrbUp +0.15R

I second guessed myself after entering because of that crazy wick on the 2nd candle. So I took a quick partial, then got stopped at B/E

2:1? YES

4:1? YES

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WFC 1MinOrbUp +0.23R

I had a bias long because of sector rotation into banks yesterday, this is not my 1MinOrb setup, so again I realized this after entering and took a quick partial and stopped at B/E

2:1? NO

4:1? NO

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MGM 5MinOrbDown +0.16R

My uncertainty from the first two entries stuck with me on this one.

2:1? YES

4:1? YES

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MRNA 5MinOrbDown +0.91R

2:1? YES

4:1? YES

 

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ROKU BOUp@Level -1.0R

Not a setup I should be taking. I did do a great job not revenge trading this one. I wanted to short when it lost VWAP, then go long when it regained VWAP, then long near HOD, then short after double top. I kept telling myself, "Look at that shitty 5Min chart, there is NO TRADE HERE, MOVE ON" So I guess that is a big positive!

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My uncertainty continues to haunt me. 

11/12 winners would have made 2:1 before hitting my stop, I don't know why this psychological hurdle is so difficult for me to conquer. 

Hell, 9/12 have hit 4:1 before hitting my stop.

I think I'm going to put an order in at 2:1 tomorrow for 50% and see if that helps at all.

I've even considered the 100% 2:1 or stop range order to help with this issue. 

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Thursday -0.68R, 3/7

2:1? 3/3

4:1? 1/3

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MU.1 1MinOrbDown +0.35R

2:1? YES

4:1? NO

MU.2 BODown@Level -1.2R

MU.3 BODown@Level +1.5R

2:1? YES

4:1? YES

 

 

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NVAX 1MinOrbUp +1.1R

2:1? YES

4:1? NO

 

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NKLA 5MinOrbUp -1.0R

I prefer to enter on the pullback of a 5MinOrb and closer to VWAP. Had I entered better I would have survived the pullbacks, this thing ran up $3 before lunch

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CSCO 5MinOrbDown -0.95R

Looked good for 5MinOrbDown with ABCD on 1Min, just didn't work out

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DIS BOUP@Level -0.5R

HOD break and PCL break, barely got stopped out before the move.

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Still didn't wait for 2:1 on any of my trades. All 3 winners would have made 2:1.

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Your hit rate with the orbs is great! Why not try a day where you go all or nothing 2 to 1? Delete your partial button, let me see those 2R ORBS!!! 

 

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26 minutes ago, Christopher Patterson said:

Your hit rate with the orbs is great! Why not try a day where you go all or nothing 2 to 1? Delete your partial button, let me see those 2R ORBS!!! 

 

yeah, I just did some quick figuring, and I think my Orbs this week would be +20R if I had implemented the 2:1, all or nothing.


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I had 5 margaritas with dinner toni9ght, so forgive me if is lur my words.

Friday 3/4 +1.6R

2:1? 2/3

4:1? 0/3

 

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RKT.1 Pre Market BS (BullShit) -0.35R

RKT.2 Pre Market BS (BullShit) +0.35R

I get bored during the pre-market, I think next week I'm goi8ng to workout during the pre-market show to keeop me occupired.

2:1? NO

4:1? NO

 

 

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AMAT 1MinOrbUp (I missed the one minute and ebntered on the 2Min) +1.1 R

2:1? YES

4:1? NO

 

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 BIDU 5MinOrbDowbn +0.47R

2:1? YES

4:1? NO

I tried shorting IQ twoce at 19.01, but it was on SSR, then I remebered BIDU was tied to the bad news so i switched over tho this stock for the 5 MinOrb.

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I feel good about today becauser I only traded two times after the open, I did a good job of not tring to fprgce a trade. Nothing on my watchlist gave me a good signal to enter. well done pupil;.

 

 

Edited by hailchaser2
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This week 16/18 winners would have hit 2:1.....I'm thinking I really should do 2:1 all or nothing next week......if nothing else, at least I should do it for my 5MinOrbs, if I scalp my 1MinOrbs that's ok, but I should put the 2:1 order in on my 5MinOrbs.

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3 minutes ago, tntp45 said:

Add Margaritas !

 

2533FBF1-F24C-4896-B0A2-176787C173FD.JPG

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