Day Note for Oct 16, 2018
Summary: I feel I held trades better today. Be careful of ranges with non defined edges can be flakey. Also be aware of other markets breaking their levels.
Trade 1. Happy with exit ES had moved up and NQ not following, also bump up 3 or 4 times without progress. I exited for a 1 tick loss if I held it would have been a full 10 tick loss. Grade 1 trade premise for trade not intact as not following lead market. https://youtu.be/LF77Nq6gwlI
Trade 2. Similar to 1st trade but 2nd bump. Moved stop to just below absorption on NQ which turned out to be correct as market broke down when after this didn't hold. Grade 2 trade 2nd bump. Premise for trade not intact as range not held and it seems bottom of range not very defined. https://youtu.be/V0xASQWeG8A
Trade 3. Similar to first 2 but 3rd bump. Only ever travelled 8 ticks in favour and I moved stop to a turning point (swing low) on NQ which again turned out to be correct as broke down Grade 3 trade 3rd bump. https://youtu.be/X4gJkfyyel0 Grade 3
Trade 4. Another attempt at same level 4th attempt now, in hindsight this could be over trading but it did seem as if the lead market was holding the bottom of the range. I came out a little early as should have kept stop at previous low and not moved up until another low had formed. Another 10 ticks available that was given away.https://youtu.be/jD2XpJWsDJI Grade 3
Trade 5. First bump at a level and went a bit early as had vwap on my side. lasted 1 second straight to stop so no managing to be had. Not a bad trade grade 1 https://youtu.be/VPtdJURoZ-I
Trade 6. Perfectly executed trade got the max of 36 by moving stops to swing lows on dom Grade 2. https://youtu.be/4oVaSSwfRMM
Trade 7. and Trade 8 took 2 more trades when in hindsight the market had moved away from level and gone back quite quickly also YM and NQ had broken there levels prior to entry. Good learning experience Grade 3 https://youtu.be/ESY0KDxGZiw https://youtu.be/oF-jRXIS89Y grade2
Trade 9. Trade went in favour and then went into range I had stop at logical point below range but in hindsight may have kept it to long maybe could have taken profits at top of range. grade 2 https://youtu.be/_q6i-NR-bcE grade2
Trade 10. Well managed didn't go anywhere and came out at a logical point didn't lose anything. https://youtu.be/xyJ2ltRxLmM Grade2
Trade 11. Very messy trade didn't go anywhere came out at logical point but eventually did go on. Eventually broke out of range but not sure it would have been prudent to hang on. Grade 3 https://youtu.be/diK-N8bxwIk
Trade 12. Very small range on ES so was able to reach other side of range quickly. Keep an eye on small ranges, no management straight to stop. grade 3 https://youtu.be/D63bT07-G00 Grade 1
Trade13. Same as above didn't learn straight to stop https://youtu.be/tGP2dOi4FbE Grade 2
Trade 14. and 15 Decided to come out not sure why but got back in. Premise was market was strong and eventually if taking bottom of range top would break out of top of range which it did. Grade 3 got 40 of 55 so managed quite well.
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Summary: I feel I held trades better today. Be careful of ranges with non defined edges can be flakey. Also be aware of other markets breaking their levels.
Trade 1. Happy with exit ES had moved up and NQ not following, also bump up 3 or 4 times without progress. I exited for a 1 tick loss if I held it would have been a full 10 tick loss. Grade 1 trade premise for trade not intact as not following lead market. https://youtu.be/LF77Nq6gwlI
Trade 2. Similar to 1st trade but 2nd bump. Moved stop to just below absorption on NQ which turned out to be correct as market broke down when after this didn't hold. Grade 2 trade 2nd bump. Premise for trade not intact as range not held and it seems bottom of range not very defined. https://youtu.be/V0xASQWeG8A
Trade 3. Similar to first 2 but 3rd bump. Only ever travelled 8 ticks in favour and I moved stop to a turning point (swing low) on NQ which again turned out to be correct as broke down Grade 3 trade 3rd bump. https://youtu.be/X4gJkfyyel0 Grade 3
Trade 4. Another attempt at same level 4th attempt now, in hindsight this could be over trading but it did seem as if the lead market was holding the bottom of the range. I came out a little early as should have kept stop at previous low and not moved up until another low had formed. Another 10 ticks available that was given away.https://youtu.be/jD2XpJWsDJI Grade 3
Trade 5. First bump at a level and went a bit early as had vwap on my side. lasted 1 second straight to stop so no managing to be had. Not a bad trade grade 1 https://youtu.be/VPtdJURoZ-I
Trade 6. Perfectly executed trade got the max of 36 by moving stops to swing lows on dom Grade 2. https://youtu.be/4oVaSSwfRMM
Trade 7. and Trade 8 took 2 more trades when in hindsight the market had moved away from level and gone back quite quickly also YM and NQ had broken there levels prior to entry. Good learning experience Grade 3 https://youtu.be/ESY0KDxGZiw https://youtu.be/oF-jRXIS89Y grade2
Trade 9. Trade went in favour and then went into range I had stop at logical point below range but in hindsight may have kept it to long maybe could have taken profits at top of range. grade 2 https://youtu.be/_q6i-NR-bcE grade2
Trade 10. Well managed didn't go anywhere and came out at a logical point didn't lose anything. https://youtu.be/xyJ2ltRxLmM Grade2
Trade 11. Very messy trade didn't go anywhere came out at logical point but eventually did go on. Eventually broke out of range but not sure it would have been prudent to hang on. Grade 3 https://youtu.be/diK-N8bxwIk
Trade 12. Very small range on ES so was able to reach other side of range quickly. Keep an eye on small ranges, no management straight to stop. grade 3 https://youtu.be/D63bT07-G00 Grade 1
Trade13. Same as above didn't learn straight to stop https://youtu.be/tGP2dOi4FbE Grade 2
Trade 14. and 15 Decided to come out not sure why but got back in. Premise was market was strong and eventually if taking bottom of range top would break out of top of range which it did. Grade 3 got 40 of 55 so managed quite well.