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  1. SniperDaytrader

    SniperDaytrader´s journal

    It´s Imbel FAL (licensed Brasil made FN FAL). Why do you guys feel the need to convince me to change my approach? I don't get it. So I will try to explain for the last time. There is nothing wrong with my trading approach. In fact, it makes much more sense than most of KISS approaches I have...
  2. SniperDaytrader

    SniperDaytrader´s journal

    wrbtrader: thanx, but I don't think you see the whole picture here. I am writing my journal with exactly the info I need to have. I am recording my trading and while I take my trades I am commenting them. Don't fall in the analytics bias -more information is better. It is not. Sooner or later...
  3. SniperDaytrader

    SniperDaytrader´s journal

    I used to do it, but it became too complicated and time consuming. I keep my trading journal where I describe my trades more in detail (as you could see). I don´t really do trades outside my trading plan. They are all according to the plan, but some are more aggressive than the others. It is...
  4. SniperDaytrader

    SniperDaytrader´s journal

    We agree to disagree then :)
  5. SniperDaytrader

    SniperDaytrader´s journal

    Weekly results: 5th week of 2015 This week’s results scream at me ”NOT READY YET”. Even when I ended up in positive numbers it is not that easy and effortless trading I used to have when I was achieving the best results. Partly because the markets are just coming back to normal, but mostly...
  6. SniperDaytrader

    SniperDaytrader´s journal

    No offense, but I find it entertaining how people think their way is the best, easiest etc. If you didn´t read the Market Wizards, I strongly suggest you do. The book is full of interviews with the best traders in the world (at that time) and they all contradict each other, yet they all profit...
  7. SniperDaytrader

    SniperDaytrader´s journal

    30.1.2015 results I traded too much again. I had couple of very nice entries but altogether my performance was very mediocre. T1 Long in NQ. Valid try. I killed the positon after the market showed weakness to climb. +4 T2 Another long in NQ. This time too aggressive. -8 T3 I saw the quick...
  8. SniperDaytrader

    Anyone gave up trading for a living?

    I did like 6 times in the past already. But I am too stuborn and I like trading too much to give it up definately. I finally see light at the end of the tunel now. But I guess there are just two possible outcomes for me - I either make it or I'll die trying :)
  9. SniperDaytrader

    SniperDaytrader´s journal

    Look how nice did YM react to my preplanned resistance levels ;)
  10. SniperDaytrader

    SniperDaytrader´s journal

    29.1.2015 trading results I was done very quickly today. It took me just 40min to reach my PDP (perfect daily profit). I saw another good opportunities, but when I reach PDP so fast and effortless I usually stop trading for that day because I don’t want to spoil it. T1 I saw nice situation...
  11. SniperDaytrader

    SniperDaytrader´s journal

    I am not very satisfied with yesterday's performance. I was very trigger happy. But the last one was very nice trade. Thank you.
  12. SniperDaytrader

    SniperDaytrader´s journal

    With this trade I reached my perfect daily profit 80-120 USD/1 contract and according to my money management rules I stopped trading. Results:
  13. SniperDaytrader

    SniperDaytrader´s journal

    28.1.2015 trading results Today is FOMC in the evening (afternoon US time), so I expected the markets to be lazy and move slowly. That is why I was trying to take some trades as soon as possible after opening with at least some volatility. As the markets unfolded however, we could see quite...
  14. SniperDaytrader

    SniperDaytrader´s journal

    It's the basic volume profile study in Sierra Chart.
  15. SniperDaytrader

    SniperDaytrader´s journal

    27.1.2015 trading results Again extremely tough markets. Most of the features of my trading strategy simply didn’t work today. Markets move in very strange way – there are lot of jumps back and forth. There is basically no regular rotation anymore, just big jumps. Because of this I was...
  16. SniperDaytrader

    SniperDaytrader´s journal

    27.1. pre market preparation NQ Nasdaq moved down from yesterday´s trading range. It strikes me as if NQ is seeking for bottom border for consolidation. 4200 price level could be a good candidate for it. My guess is that the break in premarket was a false one and we will see NQ return to...
  17. SniperDaytrader

    SniperDaytrader´s journal

    Cannot argue with that :)
  18. SniperDaytrader

    SniperDaytrader´s journal

    $41.74 already after comms. This is not a good day for me. Good day is usually 2-4 trades, 75-100% win ratio, $80-120 after comms.
  19. SniperDaytrader

    SniperDaytrader´s journal

    Yes, I actually trade just the morning session. I feel that my concentration level drops significantly after 2-3 hours of watching markets. So, I trade just first 2 - 2,5 hours after opening.
  20. SniperDaytrader

    SniperDaytrader´s journal

    26.1.2015 trading results Markets have been nervous from the beginning as I expected and wrote in my pre market preparation. I also wrote: ”I also prefer long trades in DJ from preplanned zones. 17500 looks promising (besides other things it is also nice round number)”. And look how nicely Dow...
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