Johnny Rock's comeback

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

  1. johnnyrock

    johnnyrock

    20170816_081607.jpg
     
    #271     Aug 16, 2017
  2. johnnyrock

    johnnyrock

    Short corn for a swing trade. December contract.
    Screenshot_20170816-083349.png
     
    #272     Aug 16, 2017
  3. priceless insight.
    most people rather point to the finger to the market, the plan, the approach,
    but seldom to themselves.
     
    #273     Aug 16, 2017
  4. johnnyrock

    johnnyrock

    Short CL. Extremely tight stop. Just above the pause.
    Screenshot_20170816-115917.png
     
    #274     Aug 16, 2017
  5. johnnyrock

    johnnyrock

    Scratched. $60 loss. New balance $4115
    Screenshot_20170816-133717.png
     
    #275     Aug 16, 2017
  6. johnnyrock

    johnnyrock

    Corn Swing Trade:

    Concerns
    • Heavy volume on the ETF has signaled, short term reversals on the daily
    Plan
    • Because I don't actually know if today's volume was a break down or exhaustion, I don't know of the volune is a positive or negative this time.
    • Break outs can be heart breakers or money makers!
    • Exit this trade when the 10 SMA > 20 SMA, indicating a short term change in momentum.
    • MAs are lagging indicators, so my risk is greater, but this strategy should prevent a premature shakeout if corn is still too high.
    Favorable conditions
    • 50 SMA < 200 SMA
    • Long term bear trend that broke another support level.
    • Fake out to the upside before the break
    • Record crop acreage planted 2017
    2017-08-16-20-20-55--456168691.png Screenshot_20170816-202243.png
     
    #276     Aug 16, 2017
  7. johnnyrock

    johnnyrock

    Potential down day on the Nasdaq. Waiting for the 3bt on the 30'.
    Screenshot_20170817-073519.png
     
    #277     Aug 17, 2017
  8. johnnyrock

    johnnyrock

    Short NQ
    Screenshot_20170817-090027.png
     
    #278     Aug 17, 2017
  9. johnnyrock

    johnnyrock

    Covered. $960 gain. New balance $5,080.
    Screenshot_20170817-132259.png
     
    #279     Aug 17, 2017
  10. johnnyrock

    johnnyrock

    New balance is actually $5075.
     
    #280     Aug 17, 2017