Johnny Rock's comeback

Discussion in 'Chit Chat' started by johnnyrock, Jul 20, 2017.

  1. approx 40+ point opening gap up, with approx 30+ extension from there, with approx 10-15 point retraces, not exactly sleepy IMO.
     
    #251     Aug 14, 2017
  2. speedo

    speedo

    Nice opportunity for overseas traders but personally, I avoid trading when I'm asleep, drinking or under anesthesia.
     
    #252     Aug 14, 2017
    johnnyrock likes this.
  3. johnnyrock

    johnnyrock

    Short CL
    Screenshot_20170814-104105.png
     
    #253     Aug 14, 2017
  4. Overnight

    Overnight

    Um, no, it has been sleepy. It has been stair-stepping up all day except for the huge jump yesterday, with a couple bursts long and with a small burst short thus far. It has not presented itself with good entries for my system. So I lost out on the slow bubbling rise.

    That 40+ point "gap" happened during calendar-day Sunday ET to Monday morning ET, by the way. Did you catch any of the "gap"? I missed it.

    Gap gap gap.
     
    #254     Aug 14, 2017

  5. Just one traders interpretation.

    MY day starts @ 5:30am PST. By RTH open I had 3 trades done and was green. So yes, I "caught" some of the gap.
     
    #255     Aug 14, 2017
  6. johnnyrock

    johnnyrock

    I will cover this in the last half hour. However, if funds were more than available I would hold this for a drop to the 50 SMA.

    Screenshot_20170814-121721.png
     
    #256     Aug 14, 2017
  7. johnnyrock

    johnnyrock

    This entry went into my private journal.
    Screenshot_20170814-123225.png
     
    #257     Aug 14, 2017
  8. johnnyrock

    johnnyrock

    Covered. $420 gain. New balance $4300.
    Screenshot_20170814-132655.png
     
    #258     Aug 14, 2017
    smallStops and vanzandt like this.
  9. johnnyrock

    johnnyrock

    Bias:

    Neutral. At new highs I will be looking for trend days on the long side.

    This could be seen as a failure of a failure, but that is the kind of thinking that drains my account.

    Screenshot_20170814-143026.png
     
    #259     Aug 14, 2017
  10. johnnyrock

    johnnyrock

    I keep saying that I am going to take trending trades on trending days (this was not one). This was a countertrend trade on Sunday evening. I pulled a winner last Sunday, but - for the sake of my progress - I want to analyze my losing trades.

    Click the chart to see where I entered on what could have been a double top. The 240'/daily charts both confirmed short term resistance, so I had two things in my favor.

    In hindsight I had two things against me: a propensity for dip buyers to win and a fundamental shift on NK and the thought of war. Or was it something else? It doesn't really matter or does it? I don't know. What I NEED to know is if these counter trend trades are profitable for me? I also wonder why I still take them? Probably because I think they are profitable. This journal will give cold, hard facts.

    Will I analyze the winners? Nope. Impulse. Contraction. Impulse. Pretty standard when I do it right.
     
    #260     Aug 14, 2017