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Rob C

Rob C's Trading Journal - starting Feb 1 2019

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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

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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

 

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Edited by Rob C

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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

 

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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

 

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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

 

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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

 

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