Monday, May 23, 2022

 


Finished the day at + 460. Left some money on the table. with the late entry on the opening trade. 

Tuesday, August 20, 2019

Difficult day.  First trade bullish on a 5 count. Price took off strong. I changed time frames trying to catch the trade I got in the trade but the price never hit my 9 point  tareget. I moved my stop loss to breakeven once I was up 3 points. and I got stopped out on the trade for 0 profit loss
The 2nd trade was a 4 point loss.  Followed the rules on this one. I had a 4 point target the price only moved 3 points and retraced to stop me out with a 4 point loss
Results -4 points

8/15 recap

Bearish day after the open. Took one 5 count  bearish trade. Then the market reversed and I traded the reversal unsuccessfully.  1 win   1 loss
Results + 6.75

8/14 recap

two 5 count trades. Easy day. Nice bearish trend. Two trades 2-0  +19.75

Tuesday, August 13, 2019

trade recap 8/13/19

Only 1 trade today. I missed out two nice runs but they just didn't fit my rules
Green trigger candle. White arrow was my entry candle and the target was my red arrow
Results +5.5

Monday, August 12, 2019

Trading Recap 8/12/19

Days Recap

1st trade
Another trade I should not have taken

I took this trade as if it was a reversal trade. It was not. Why...because the reversals have to go opposite the trend on the hourly chart. This one is not. Now part of the problem was that I was rushed. Because I got up late...did'nt get the cpu set up until 8:35. Thought I had missed the trade so I jumped in and chased a trade that I should have never been in.
Results: Stopped put with a -6.25 x1 loss

2nd trade
Easy. Down trend on the hourly chart, Moving averages aligned on the 5 minute chart. Price cleared the moving averages, Pull back to the 8 triggered the trade.Buy stop at the 5 candle low. Trade entered 2 candles after the trigger candle
Results: Target hit + 5.25 pts

Trade #3

3rd trade off the same down trend of the previous trade. Market pulled back to trigger bearish trade. buy stop hit second candle from the trigger  Price target hit third candle after entry candle
Result: Target hit +6 points

Notes;

I definatly will use the over night data on both charts. I will not trade the GAP. Just focus on my two set ups the 5 candle high/low and the reversal


Tuesday, June 25, 2019

6/25 trading day

I have decided to use the EMA 3 13 39 as my day trading strategy and a momentum strategy for my weekly option strategy. There are many ways to make money in the market and finding a set up that suites your personality and discipline level I believe is the key for me.
I did not trade day trade live today waiting on funds to clear my broker. 
I did enter a option trade at the close.
Here are the trades I would have taken
  1.   A 3/13 cross below the 39 at the open. With a rising ADX. Closed at a close above the EMA 3 for a profit of +6.5 points
  2.  Enter trade  because 1.3/13 cross below the 39. 2.Bearish candle 3.ADX is above 20.        Close trade at the first close above the EMA 3 after the entry candle has been cleared. Profit/Loss +3.5

Enter trade because 1. EMA3 crosses below the 13 and both below the 39 2. Bearish Candle 3.ADX above 20
Closed trade: Closed above the EMA(3) after entry candle cleared. P/L +1.5

Enter trade because: 1. EMA 3 cross below the 39,2. bearish candle 3. ADX above 20
Closed trade at the close above the EMA 3 after entry candle is cleared. P/L +6.5

Entry: 1. 3 13 cross both below the 39 2. bearish candle 3. ADX above 20
Closed: Fist close above the EMA 3 after entry candle is cleared P/L + 3.25


Entry: 1. 3 crossing below the 39   2. Bearish candle  3. ADX above 20
Close: close above the EMA 3 after entry candle is cleared. P/L + 2.5

Entry: 1. 3 crossing below the 39 2.  Bearish Candle 3. ADX is above 20
Close: Close above the EMA 3 P/L +9


Entry: 1. EMA 3 crossing above the EMA 39. 2. Bullish Candle 3. ADX above 20
Close: Close below the EMA3 after entry candle is cleared P/L  +/-0

Entry 1.EMA 3 crossing below the 39. 2. Bearish candle 3. ADX above 20
Close : Close above the EMA 3  P/L +2.25


Entry: 1.EMA 3 crossing above the EMA 39 2. Bullish candle 3. ADX above 20
Close : Stopped out. Close below entry candle P/L - 1.5

  • Observations: 
  • Strategy produced 33.5 points today
  • No trend between 9:50 and 11:00 
  • This strategy only works on trending days. I have to use a different strategy on non trending days or stay out of the market
  • My goal has to be to make good trades during good market conditions. Which means some days I will not trade and some trades will be losers. If I can cut my losers according to my rules and take advantage of the trending days then all will be well. 1 trending day a week can help me reach all of my goals.
Weekly Options

Opened put trade 1. Bearish Daily Candle 2. OBV below its EMA(10)