This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Saturday, March 9, 2013
**short entry at close on 3/8 for Nasdaq 100 tech sector, NDXT on TOS platform. Initial stop is a close above my entry bar.
overall the market is sounding more exciting since new all time highs are being hit. Japanese Yen futures was one of the only charts that I have seen sinking.
Saturday, March 2, 2013
I can't find enough trades to get into by just looking at index futures so I keep skimming over the other contracts available. Certain contracts act a little too wild for my taste but im basically willing to get into anything.
My running total of trades that I have been keeping track of since November is at or just above 30 and my % of trades that gained is close to 40%. Currently I am shorting Heating Oil and New Zealand Dollar for my only open trades and both look really good at the moment. As long as there is no huge one day pullback on either I will add a couple of large gains to my record.
One of the recent losses I just had was for 5 year treasury futures. I noticed it had a bad pullback on the weekly chart, for what I want, and now I will pay more attention to the weekly charts. The daily chart is telling me my exact day to enter (timing) but the weekly chart, which is naturally the more important time frame is the main thing. I used to put more emphasis on the daily chart since I entered using it, maybe that's a really good thing for me to switch it around. sounds kinda like wisdom that I have heard before........maybe I can apply that wisdom better now. we'll see.
Sunday, February 10, 2013
I have been recording things at home off this blog. I have made many trades in the past few months and my performance seems fine. My performance is reflecting what good, realistic trading advice dictates. I am entering at reversals on major high's and low's and exiting using trailing pivots, or a close past my entry bar as an initial stop. I stopped trying to find the perfect set up that leads to great trades most of the time. Now I just get in when it seems decent and I let the probability play out. I used to worry about if each of my trades would turn into hug gainers but now I really don't care about any particular trade and I want to see how I do over certain time periods. If I gain big on a trade now, I am not as excited as I used to be since I expect to only have a few big gainers and that is what I get. No surprise. I am content if the probability plays out over a certain period of time.
Monday, June 25, 2012
I have been trading in the mornings on the 5 min chart for nasdaq futures in real time. i made several mistakes on the first few days and then i started to improve toward the end of the ten days. I made mistakes cuz i was not used to trading with my new smart phone nor making morning day grades o a 5 minute chart. by improving, i mean taking a smaller loss or just finding the entry easier.
6/4/12 -10pts (about)
6/11/12 +4.25pts
6/12/12 -4.75pts
6/13/12 0 (break even)
6/14/12 -12pts
6/19/12 +12.25pts
6/20/12 -3.75pts
6/21/12 +1.75pts
6/22/12 -6.75pts
6/25/12 +12pts
Lets see what happens over the next ten trades...
Monday, June 11, 2012
Even though i was having trouble using my phone i was able to enter and exit a playmoney trade for nasdaq 100 emini futures which was a 4.25 point gain. good gain even though it felt small compared to the overall volatility. the trade lasted two hours. i did a good job waiting for the breakout of the long falling channel. at the open it looked like it was going to go up but soon it turned down.
Friday, June 8, 2012
Im about to finally start trading with real money again. it will probably be on a 5 min chart for nasdaq emini futures. i think i can manage making day trades in the mornings. everything should start rolling in a week.
Lately i have liked using channels instead of the ema's for finding an entry. i figured that since i exit using price bars, it would probably be easier if i enter using price bars too. for the past week or so i would have gained 5, 10 or 12 points every morning. i have to get used to day trading because thats all i can afford right now anyways.