Trading Journal of a Top Futures Trader

Sekiyo · Oct 3, 2024

TopKoreanTrader said:
I do risk more than 10 points most of the times but sometimes yes I enter with stop of 10 points or less. My approach e.g. Nasdaq is going up, then I wait for it to come up to a strong resistance level pre-drawn. After that I carefully look at the candles, once I think that it met resistance and it's starting to show signs of going down I short it with 10 points of risk which most of the time is the highest price reached in that resistance range. 10 points risk for a possible 200 points of reward is always a super dopamine charge for my brain lol
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Sounds great This is a nice setup.

Sekiyo · Nov 3, 2024

TopKoreanTrader said:
I do risk more than 10 points most of the times but sometimes yes I enter with stop of 10 points or less. My approach e.g. Nasdaq is going up, then I wait for it to come up to a strong resistance level pre-drawn. After that I carefully look at the candles, once I think that it met resistance and it's starting to show signs of going down I short it with 10 points of risk which most of the time is the highest price reached in that resistance range. 10 points risk for a possible 200 points of reward is always a super dopamine charge for my brain lol
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Do you care about trends ?
Or only levels ?

You’re fading the initial move,
It’s more about mean reversion.

Do you buy support in uptrends,
Sell resistance in downtrend ?

Or just fade prices at your levels ?

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Trading Journal of a Top Futures Trader

Sekiyo

Sekiyo