Trading NQ Using PA Only

Discussion in 'Journals' started by eminitrader007, Jun 11, 2009.

  1. Some of the setups you're using look like, I repeat, look like what Al Brooks is doing on a 5 min chart trading the ES.
    Can't recommend the book highly enough. Total revelation for me in PA. Lights came on, Angels sang, etc etc.
    "Reading Price Action Bar by Bar".
    Super Book deals has it for about $45.
     
    #11     Jun 12, 2009
  2. I will try to get the book. Thanks.
     
    #12     Jun 12, 2009
  3. Keep quiet!! :D




    seriously though, please

     
    #13     Jun 12, 2009
  4. Here is the summary.

    Total trades: 3

    Profitable #: 2
    Profitable Points: 9

    Loser #: 1
    Loss Points: 2

    So far 7 points gains not including commissions. Will try one more time if the set-up occurs before 2.30 CST.

    I will post the blotter later.
     
    #14     Jun 12, 2009
  5. L 85.75
    S 83.75
    T 93.50

    Filled

    TS 84.5
     
    #15     Jun 12, 2009
  6. Stopped: 84.5

    Loss 1.25

    Total gain today 5.75 on 4 trades.

    Done for the day....
     
    #16     Jun 12, 2009
  7. Attached is the execution report for today.

    The two trades that are airbrushed were traded using a different set-up, so I did not include those to calculate the PnL.

    I have classes on Mondays and Wednesdays so I may not be able to trade and post here at the same time and I usually do not visit ET if I am trading. The main reason being that there used to be time when I was ready to enter an order and someone on ET that I respected was doing the opposite, so I did not follow my strategy. I did not want to be influenced by other posters, so I stopped coming to ET and turned off CNBC during market hours.

    My best days have been +25 points and worst days have been -4 points. I stop after 3 wins or 2 losses. On average I have -2 to +10 point days. In the last 3 months I made $15,000 trading 2-4 contracts and I did not even trade everyday.

    If someone feels like taking charge and continuing this journal/set-up, be my guest.
     
    #17     Jun 12, 2009
  8. There were 2 occurances yesterday. I was b/e and the other one was a loss for 2 points. It wasn't too bad considering it was a rough day for longs.....

    Let's see what today brings.
     
    #18     Jun 16, 2009
  9. L 60.75
    S 58.75
    T 70.75

    Edit: No fill...cancel order
     
    #19     Jun 16, 2009
  10. L 62.25
    S 60.25
    T 70.25

    Filled

    Stopped out -2 points.
     
    #20     Jun 16, 2009