Matcha's Dow E-mini Journal

Discussion in 'Journals' started by Matcha, May 13, 2010.

  1. I hope you wear lead underwear. My body was tingling just looking at all of those monitors.
     
    #221     Jul 12, 2010
  2. ~~~

    ~~~

    Hola Amigo ... fabuloso (mo de teng in cantonese) now i can buy many pairs of jimmy choo shoes but i won't coz i am not imelda marcos and i'm q.tall so no need many killer heels lol.

    Still i wanted to thanks my lucky pet-Perfect Paul the octopus.. he is fantastico .. now the dutch wanted to turn the octopus into Paella but the Spanish Prime Minister Jose said he's providing Paul with a bunch of bodyguards!:D

    ~la vida es bella:p
     
    #222     Jul 12, 2010
  3. Matcha

    Matcha

    Errr, overtraded again. The tight trading range days can be so challenging. All days, I “thought” the range can break out in late trading hours! (not break out to the moon for sure, but at least break out the trading range to R2 or 0.5R2). So I had given up a few profits just to bet on the breakout move. Then I played some range day “Fade the move” trade, one trade was done OK. Well, the break out never happened, probably because it’s the first day of the earning season. The market is still resting.

    Took a nap after 8amPST, I was so tired, talking on the phone with mom for too long last night…

    Came back at 10:30PST. Gave back market all the profits after 12PST, thought those bad trades were leading to breakout trades…

    I am getting a bit used to look at 3- 4 time frames now, 30min, 15 min, 5 min and 2 min to count the wave and see details. I looked at them mostly at the market now. I sometimes flip to 60min and daily chart as well. Hopefully I can be more flexible and can coordinate 4 time frames harmoniously to fine-tune the best high probability trades. I wish it does not take too long for me…

    Trade A: a short, on 15 min chart, it was a pullback leg after the yesterday’s run up, 2 leg push down on 2 min, 5min chart, the EMA angling down, I took a quick shot. Took profits at the PP level right away. Then headed to bed…

    Trade B: 3leg push on 2 min chart. Stopped out twice before this trade, I thought those were good entry for break out pullback trades…

    Market has been trading in tight range for 2 days, not sure if it can finally break this range tomorrow, but there was a strong R level on top of the range 10200, I should be very cautious on that.

    Remember myself: reducing the # of trades tomorrow.

    Today’s PnL:-$81, 13 trades, 40% winrate

    [​IMG]
     
    #223     Jul 12, 2010
  4. Matcha

    Matcha

    The description of the "Google Map" is very cool. It helped me understand the timeframes more. you are a cool SiFu
     
    #224     Jul 12, 2010
  5. Matcha

    Matcha

    I like those BOPB trade. Although the profit is smaller then buy in low in the trading range and buy right after break out of the range!

    The overtrading habit is so difficult to overcome. I did it again today... Especially in range days...
    :mad:

    Humm, monitors... I wasn't so sure if the day trading thing could work when I started out. So I did not invest in any monitors. I now trade on a 6GB laptop and while traveling I use a 4 GB laptop....

    Now I am considering getting monitors. one of my lasik surgeried eyes gets blurrier and blurrier everday....
     
    #225     Jul 12, 2010
  6. Matcha

    Matcha

    Let me make this as another goal!!

    Wouldn't be nice if we can all meet at the World Cup in 4 years?

    :cool:
     
    #226     Jul 12, 2010
  7. Matcha

    Matcha

    #227     Jul 12, 2010
  8. Hi ~~~,

    You made me double flush now! :)

    I am pretty sure you are a very sweet, charming and moreover, a very successful high achiever.

    Thank you very much for your best wishes.

    --po
     
    #228     Jul 12, 2010
  9. #229     Jul 12, 2010
  10. Hi Matcha,

    Sorry to hear your lasik surgeried eye. Hope the doctor can do something about it.

    Yeah, a couple of big monitors will help to monitor multiple charts at different timeframes all at once without having to flip between the charts on the "lappy".

    Today, I did really bad as usual with the tight range bound day. The only thing I achieved was I did only 3 trades. But, All 3 got stopped out. 0 out of 3, very depressing. It's one of those days, nothing worked for me. :confused:


    --po
     
    #230     Jul 12, 2010