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  1. M

    Matcha's Dow E-mini Journal

    Heard people always say if you can’t trade well in trend days (like today), you can’t trade any days… I once again did not do well in trend day. The “too high to buy; wait for a deeper and nice retracement” mindset does not work in trend days. All setups look not terrible! I...
  2. M

    Matcha's Dow E-mini Journal

    nay... too soon to tell.... But hopefully I am at least a breakeven trader now. How long does it take from breakeven to small profit trader? 1 year at least?
  3. M

    Matcha's Dow E-mini Journal

    Thanks for following, CollegeTrader. There are many reasons to take the trade, not just on Wedge reversal pattern itself... Day session chart: 1. Wedge bottom from YTD, blue lines. 2. also can view this as triple bottom. 3. 7:00 market finished it's 3 pushes down then stalled here...
  4. M

    Matcha's Dow E-mini Journal

    Happy Lunar New Year to you too! All dreams come true!
  5. M

    Matcha's Dow E-mini Journal

    I traded in live today. I woke up and saw we were in an up trend in Globex chart. So I decided today might be the day that I could pull some live trades. First bar reversed the trend, then we has 3 pushes down to the Support level in Globex chart. Then market formed a bar wire pattern...
  6. M

    Matcha's Dow E-mini Journal

    So far I found the formula works for my trades is to try to achieve"tight stops, small losses, more than 50%winrate and try to get 1:2 R:R ration". This will put at least my account to positive and breakeven. Then I can slowly learn each day to let the winners run longer and learn eliminate bad...
  7. M

    Matcha's Dow E-mini Journal

    Thank you. Will update you on all my trades. I am thinking mostly Mondays. Usually no reports on Mondays...Definitely not on Fridays. Also depends on whether there is an opening trend and my focus in the morning, You know monday morning is always very tiring for me, hee hee... :p
  8. M

    Matcha's Dow E-mini Journal

    I am probably the biggest idiot today. All these hesitations… I hesitated on the 2 sell signals today(before the news) and only watched the sell off leave without me. 7:20 a nice Low1 and breakout pullback short set up. I hesitated because all the trend lines and support level are too...
  9. M

    Matcha's Dow E-mini Journal

    If the trend is very very strong. if I am entering on a first entry H2/L2. I will leave the stop at where it should be and hold for retrace. If the stop gets hit, I will either re-enter when I see another entry. or reverse if there is a strong trend from opposite side. If I enter on a first...
  10. M

    Matcha's Dow E-mini Journal

    not sure how IB works. In TS, I can create the customed "session chart" so I can create any chart with any time session I want...
  11. M

    Matcha's Dow E-mini Journal

    PO. Our No.1 prioity is not to trade in a TR... We have to fully commit to it. as far as the chart. I want the chart to show more than 20 bars before RTH. (session begins from 7:45est),so the MA has the right caculation after market opens. WF reminds me of that. It;s also useful to show...
  12. M

    Matcha's Dow E-mini Journal

    I am in SIM now. But I will try one day/per week in live in Feb if I ended the month in green.
  13. M

    Matcha's Dow E-mini Journal

    That will be my next plan-get some traders on skype to talk about some trades and share ideas(got the inspiration from you of course). But now I still haven't finished my plan and stats yet--still not happy with it. And I need some more focus in real time.... I am thinking of inviting myself...
  14. M

    Matcha's Dow E-mini Journal

    yeh, everybody is happy besides traders who fade the news.......
  15. M

    Matcha's Dow E-mini Journal

    Discipline, Discipline… Silly me traded again in the trendless environment and middle of the trading range. Thanks to the tight stop today that saved me from losing big 1. 10:37 Short: Exit here when see no FT, 2. 11:49 Long: Getting in the momentum of the breakout. Exit here on a...
  16. M

    Matcha's Dow E-mini Journal

    OK, I hope I don't sound offensive. Let me know if I do. Just PM me. But since we are now trading buddies, I think its OK for us to agrue and challenge with each other on some trades and point out something that we probably don't notice ourselves. So why take short here? L1 short? MA down...
  17. M

    Matcha's Dow E-mini Journal

    I felt like my entry skill on 2min chart isn't there yet. I guess I better stop doing so. Only take entrys on 5 min chart for now....
  18. M

    Matcha's Dow E-mini Journal

    Took 2 trades today. 9:01, long. Entry on 2 min. The entry is too premature. -6tk 9:44 long. Failed L2 at EMA. Stopped out for a small profit +6Tk PnL: -$4.8. 2 trades, 50% winrate.
  19. M

    Matcha's Dow E-mini Journal

    Hi, Traderharley. Thank you. I hope I can be CP too. I will keep working towards the goal. About Al's method. I hear you completely. I had the confusing moment before too. I still do often times. I think Al (and most of methods) are very subjective. All the set ups and signals are easy to...
  20. M

    Matcha's Dow E-mini Journal

    There is always tomorrow... try to loss small... Believe me, you learned! Your losses are more valuable than the winners. By the time I was stopped out from the only trade of the day. I realized that it's the TR behavior. MA is slight down but almost flat. Trend didn't contiue down but was...
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