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  1. V

    My journey to profitable trading: NQ price action journal

    Well just this week I started using hot keys for order entry. But the DOM is the only window that is 'live', the rest are set to the sim account. I also just started experimenting with the stop strategies as well. Do you use NT as well, and do you like the DOM best?
  2. V

    My journey to profitable trading: NQ price action journal

    Here's the charts for today: The first chart has the first trade, and the second one has the last 5.
  3. V

    Trading NQ via Price Action

    Thanks ND, that makes a lot of sense and gives me a few things to think about!
  4. V

    My journey to profitable trading: NQ price action journal

    Well, I came out ahead today, but I'm kind of all over the place. I just posted last night how I was going to go back to the 1:2 r/r trades mostly and get back to more structure. Well today I traded more in one day than I ever have. I placed 6 trades, and none of them were the 1:2 r/r trades...
  5. V

    Trading NQ via Price Action

    Hey NoDoji, that's a very good point and one I need to consider! But since this is k p's journal I was wondering if you wouldn't mind answering a question that might help k p as well. I would imagine that you have a profit target in points or dollars that you set for yourself, and you wait for...
  6. V

    My journey to profitable trading: NQ price action journal

    ^Hey thanks for the feedback guys, it's appreciated! And yea, I'd love to take a few 15+ point moves, but for me it would be really tough to sit there and sweat every bar so the only way I could do that is if I wasn't there! The thing that I really like about what geez did is that it fits with...
  7. V

    My journey to profitable trading: NQ price action journal

    Not a good day today. My first trade should have been a gain of 1.5pts instead of .25. I tried one of the 'ATM strategies' with Ninjatrader where my stop would move to b/e+1 after a certain number of ticks, then at another point I would trail a stop tick for tick. I tried to set it up for...
  8. V

    My journey to profitable trading: NQ price action journal

    No, that's just what chart Ninjatrader generates when I right click the day's trades and select 'chart'. However, I have been using the 1 min charts a lot more than I used to lately because of the handful of scalp trades that I've done. I mostly trade off of the 5 minute though, but I also...
  9. V

    My journey to profitable trading: NQ price action journal

    Well I decided to trade with stops after all, and I'm glad that I did. Today's results: 2 trades 1st: -3pts 2nd: +4.25pts Net P/L +$17.44 today's chart:
  10. V

    My journey to profitable trading: NQ price action journal

    Hey thanks for the reminder guys, and I agree. Some people would say I have no business being in the markets with a 1K account trading one contract, nevermind two! So, it looks like I'll be making more changes going forward starting on Monday. I'll go back to trading one contract only. And I...
  11. V

    My journey to profitable trading: NQ price action journal

    It's $500 per contract, and I just started using 2 contracts this week. I have a lot of thinking to do over the weekend, and I may just go back to 1 for next week. But we'll see.
  12. V

    My journey to profitable trading: NQ price action journal

    Week 5 results: 6 trades: 5 wins, 1 loss 1st: +0.50pts 2nd: -1.0pts 3rd: +0.25pts 4th: +0.75pts 5th: +0.50pts 6th: +2.25pts Net P/L +$84.64 Stats for the week: Equity graph:
  13. V

    My journey to profitable trading: NQ price action journal

    Just one trade today. Today's results: 1 Trade +2.25pts Net P/L +$82.44 One thing that I noticed with the Ninjatrader stats that I'll post later is that on a couple of trades it reported a couple of my 2 contract orders as separate trades. And it also applied most of the commission to one...
  14. V

    My journey to profitable trading: NQ price action journal

    Yea I agree, it's keeping the losses under control with what I'm doing that will determine success or not. I really think that things should be kept as simple as possible with trading, and being patient and disciplined enough to find something that works and repeating it consistently over time...
  15. V

    My journey to profitable trading: NQ price action journal

    Haha yea, well a little money never hurt, that's for sure! And lol, I don't mind any advice or critique of what I'm doing at all, I'm a fairly stubborn guy and will do things my way most of the time anyways! Well my plan is to have most wins in the range of anywhere from .75 - 1.25pts, and...
  16. V

    My journey to profitable trading: NQ price action journal

    Hey, thanks for following along and sure, I don't mind questions. I use Ninjatrader as my brokerage, and I also use their software. I bought the 6 month lease, so my commissions are $3.78 round trip per contract. All three trades today were for 2 contracts each. So today I paid $7.56 in...
  17. V

    My journey to profitable trading: NQ price action journal

    Today was a better day. I didn't realize that I had my order still set for 2 contracts, so the first trade that was essentially a scratch was 2 contracts. After that I figured that I would just leave it. I know it may seem like I am changing my mind and jumping all over the place, but I'm just...
  18. V

    My journey to profitable trading: NQ price action journal

    No trades today. I'm going to be trading just one contract from now on. I was trigger shy again today for some reason. I tried to place one trade, but I sent the order and the market moved past my price, and that was it for the day. We'll see what happens tomorrow.
  19. V

    My journey to profitable trading: NQ price action journal

    Yesterday's P/L was actually +$12.44. Today didn't go all that well. I only placed one trade and was quickly stopped out for a 1 pt loss. I did have some bad luck though. The trade that I was stopped out on hit my price exactly, then quickly reversed for what would have been a nice gain. I...
  20. V

    My journey to profitable trading: NQ price action journal

    I seem to like the shorter time frames better. For me, the more time I spend in cash, the better. Starting this week, for most days I'll be able to trade for the first 2 hours and I'll shut down by 11:30am EST. I'm taking some part-time classes, so I'll be gone for the rest of the day, and most...
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