S/R Trading Journal

Discussion in 'Journals' started by Max22, Sep 21, 2010.

  1. Max22

    Max22

    My target was missed by 3 ticks and got stopped on the other 1/2 at entry. It happens. Here is the chart.
     
    #31     Sep 24, 2010
  2. Max22

    Max22

    This is setting up another short trade in Oil. I'm not taking it though as I anticipate that it may just go into a trading range. We'll see soon enough.
     
    #32     Sep 24, 2010
  3. Max22

    Max22

    Here is the short trade I did not take. It actually worked for a decent profit. Also I was correct in stating that we would go into a trading range. Although it looks like we may be breaking out of that soon.
     
    #33     Sep 24, 2010
  4. Max22

    Max22

    Three trades in oil today. All shorts. The market came down pretty good and the trends were down. We had some bottoming action and the market moved back up to resistance. I got three triggers to short. The first was a stop out for -10 ticks. The second was just a scalp as I got stopped on 1/2 at entry and the Third met its profit targets. Attached is the chart showing the three trades.
     
    #34     Sep 27, 2010
  5. Max22

    Max22

    A follow up on those short oil trades. One way I could improve to employ a trailing stop strategy to catch some of these bigger moves in oil. I am currently working on something that will help me do this. Attached is a chart of the short trades with the follow up. The move was worth about 700.00 per contract.
     
    #35     Sep 27, 2010
  6. Max22

    Max22

    Right now I'm looking for a possible short trade on the ES, as it moves up into resistance.
     
    #36     Sep 27, 2010
  7. Max22

    Max22

    ES resistance is near 1141.25-1142.00
     
    #37     Sep 27, 2010
  8. Max22

    Max22

    We missed the bottom of the resistance by 2 ticks. I got short on a pattern i trade in a smaller time frame. Covered 2/3 of it at plus one point and covered the last 1/3 at plus 2 ticks. I'll attach chart later.
     
    #38     Sep 27, 2010
  9. Max22

    Max22

    That resistance on the ES is still valid and could still setup a short trade if it triggers. I 'll be watching that to re-enter short.
     
    #39     Sep 27, 2010
  10. Max22

    Max22

    The es triggered a short just one tick below the resistance level. I took it but scalped out for just one tick. Its moving too slow, but it will probably roll over and break the lows.
     
    #40     Sep 27, 2010