Awash's Journal

I missed the run-up and didn’t execute a trade until later in the session. My discipline was average, however I’m glad I didn’t short the uptrend especially during the lunch hours small range. Will continue to work on my overall trading.

Trade#1 – (Live) Thought price would sell off later in the session after the big run-up. I was wrong and decided to cover as price ranged later in the session.
*Short 1155.75 - 15:03 EST Stop: 1159 Target: 1152 area
*Cover 1156.00 - 15:27 EST [ P/L: - 0.25]

 

Descent day today but I had a lot mental distractions and I wasn’t up for trading much. Executed one trade and decided to call it a day.

Trade#1 – (Live) Took small divergence signal and set reasonable profit target.
*Short 1155.75 - 10:52 EST Stop: 1157.75 Target: 1154.25
*Cover 1154.25 - 11:14 EST [ P/L: + 1.50 ]

Stop trading early today!

 

Who cares if you only took one trade, you ended the day on a positive note and that's what counts.

Kuddos to you.

 

Started the day off executing trades with a lot of confidence but I couldn’t get anything going later in the session. I talked myself out of too many textbook signals and consequently didn’t do anything right. I failed to execute once the signal appeared, however tomorrow is another session and hopefully I can learn from my mistakes today. For tomorrow I will focus on executing when the signal appears.

Trade#1 – (Live) Took small divergence signal and set reasonable profit target but we didn’t follow through to my target so I decided to take profits as we continued trading in a tight range early on.
*Short 1154.00 - 10:06 EST Stop: 1155.50 Target: 1152.25
*Cover 1153.00 - 10:16 EST [ P/L: + 1 ]

Trade#2 – (Live) Took small divergence signal after price stopped at 1155.50 (was a bit late with my entry by 2 ticks) but this time price didn’t want to trade lower. I gave this trade time to develop but decided to cover because my target wasn’t attainable and we continued to trade higher (no need to expose myself to the risk of price popping higher), plus the higher time frame charts were trading up.
*Short 1154.25 - 10:43 EST Stop: 1155.75 Target: 1152.50
*Cover 1155.00 - 11:03 EST [ P/L: - 0.75 ]

 

Was conservative with my signals early on and couldn’t get anything going late in the session. Stopped trading relatively early.

Trade#1 – (Live) Nice entry off my pivot coupled with MACD divergence but price ran down and tagged my tight stop at 1153.00 and bounced higher. I was a bit disappointed about setting my stop 2 ticks below the initial LOD, however trades like this occur.
*Long 1154.25 - 10:35 EST Stop: 1153.00 Target: 1156.50
*Exit 1153.00 - 10:45 EST [ P/L: - 1.25 ]

 

i am not touching daytrading stocks with intraday charts like es and nq hard to catch the right moment,i have much better luck with swing trading on nq,i play when big run up or down.

 

boris1985

Range days are generally tough for me especially when there's a small range of 2 - 4 points. I'm realizing as price ranges throughout the day there's a good chance of a breakout later in the session. Nevertheless, I missed the chance to short as we traded below the ES LOD at 1153.00. Better luck next time!!!!

 

i miss short move on stocks to.

 

Throughout the session I had a lot mental distractions and I couldn’t do much of anything right today.

Trade#1 – (Live) I wanted to enter around R1 but I waited to price traded down and just entered too late. As a result of entering late I felt compelled to cover my short!
*Short 1154.75 - 14:36 EST Stop: 1157.75 Target: Pivot
*Cover 1154.50 - 14:45 EST [ P/L: + 0.25 ]

Trade#2 – (Live) Awful entry, I watched price breakdown, missed entry short around 1151.50 and decided to enter short too late. I covered my short out of ………well, let’s just say this wasn’t a good trade!
*Short 1148.50 - 15:38 EST Stop: wide Target: last Friday’s close 1154.50
*Cover 1148.25 - 15:54 EST [ P/L: + 0.25 ]

 

hi nice journal i am glad you are trying to contain yourself with discipline to build on your program. i have that emotion problem every now and then. it got me two days of big losses this week. but i finished the week on a high note albeit less than mondays balance.

can you write the parameters of your trade set ups? can you give us an idea of your edge. or point me to where you posted them. a lot of your moves seem to be for scalps with +.25, and such, is this the target .25 - 1.5pts?
also how are you setting your stops again? i believe you posted them somewhere in this journal?

have a nice weekend