Recent content by Tiras

Today's Charts:

Today's Trades I started trading today. Tipped my toe in the market with one CL trade right off the open for a small profit. Then kept shorting NQs into the rising market in an attempt to enter a multi-day trade based on a set up off the daily charts. Trade is approximately break even in...

Weekly Update Trading demons appear to be back; in fact, there is one more issue that I need to work on. The plan was to start trading in the middle of the week, but I froze ... on every setup. I was looking at perfectly good setups, and was mentally finding reasons not to trade. Then I...

I will start trading tomorrow with a small account that is currently valued at ~$17K. This is what I am comfortable risking, considering the things I have to work on. Meanwhile, below are highlights of what I will be doing. Trading Method: Even though this journal is not about building or...

This journal is to continue what I started in the middle of 2013 – working on psychological issues that prevent me from being consistently profitable. I had to stop the journal and trading last year due to a series of unpleasant events in my life that have now been resolved. I am re-posting...

I have been having some serious health issues that put trading on a back burner. Thankfully, after multiple tests, worst case scenario was ruled out, but final diagnosis is not yet clear. So it looks like I will be around this world for a while longer; therefore, will restart the journal...

Simulated Trading No trades today. The annotations on reasons why I missed 20 points rally are on the chart below. Either I need to change the rules or live with the fact that some of the moves will be completely missed. It is shaping out as a wasted week - one break even trade so far.

No trades yesterday as I found the price action difficult to read in the time frame that I am trading.

Simulated Trading Number of trades - 0 Closed yesterday's trade at break-even I closed trade from yesterday at break even. I traded a higher time frame, and had a multi-day profit target of 25-30 points. However, the move down should have happened by now; therefore, the setup is no...

Simulated Trading Number of trades - 1 Still open I opened the trade in overnight trading session, and it is still open (see horizontal green line on the chart). Short at 1686.75. Neither stop nor target were hit. Several observations: - trade was up by 10 pts, but I didn't take it...

How do you define trend reversal? How is it different from extended or complex pullback?

Simulated Trading Weekly Update Since this is the first full week, I am showing results since inception. Mistakes are as follows: - I missed 4 valid (3 long / 1 short) setups this week due to either fear of loss and/or short bias. The table above shows that all trades were...

Simulated Trading Number of trades - 1 ES points +6.75 Trade setup today was a to short a pullback in the downtrend. Both 4tick charts and P&F charts were in downtrend, so it looked like an easy short. It was not. First mistake for today was jumping too early at 1678 - I tried to beat...

The methodology that I trade is simple: I look at three different charts for each instrument that I trade All charts have time element removed and are either range or P&F charts Removing time is my personal preference because it represents pure price action and also it self-adjusts for...