ES Journal - 2015

Iwilldoit said:
Trade One: Short/Profit

View attachment 158090

Went short at 2003.25 (placed limit order at 2.25) at the 1min candle of 13h32, it somehow filled me at 3.25? (yes its a SIM Demo).

Initial Stop at 4.5, after I noticed the long red candle's high at 13h36 was below the signal candle at 13h32 > I dropped the stop to the high of the 13h32 candle to 3.75 .

As you can see the little blue candle at 13h38 shows that I was filled at my target at 2000.25, but I want the readers of this journal to realize I will only consider a fill if prices drops below one tick of my target.

From my experience of trading the ES, I know that you cannot be filled if price briefly touches 2000.25 (your target).

Therefore I "held" the trade until price penetrated through my calculated target of 2000.25 at the 14h01 candle.

It was a little scary that price went adverse and hit 3.5 (nearly hitting my stop of 3.75) .......but pyschologically I'm like "if I get stopped out no big deal"

So first trade was profitable, let me not let that get to my head (as in the past)

@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
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The issue that I see here is that there is no mention of higher context, such as 5 min, 15 min, 60 min or 4 hour. It is my belief that you need to be looking for overall bias on higher level and then entering in that direction on your entry time frame chart.
 
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Iwilldoit said:
TRADE 1: LONG/ LOSS


View attachment 158175

  • BLD/60/13H30 (Bullish Divergence on the 60 at 13h30)
  • Set buy limit at 3.75 (based on the close of the 13h35 candle) , Stop at 2.25 , Target at 5.75

Price dropped after the 9ema crossed over the 18sma, and hit my stop at 2.25


Don't feel too bad (perhaps b/c I am trading in SIM lol), this is my first loss.


@Handle123 @Redneck
@NoDoji @Buy1Sell2 @aquarian1
@Gueco @pak @slugar
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Here it looks like you correctly identified bullish divergence on the 60, but the 5 min which is your entry chart, was already overbought so it would have been more prudent to wait until an oversold condition presented itself, preferably with fresh upward momentum. Good job on the quick stop out.
 
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--Swing trade with 4 to 1 margin. Short 1998.25 Initial stop 2018.00
--Price is 1988.00 Stop lowered to 2003.50
--Price is 1986.25 Stop lowered to 1992.25
 
romik said:
My 2c.

Daily close below 1992 SPX and more downside likely.

Another one to watch is AAPL, it's sitting right on 20MMA (108), the way I measure trend cycles it's uptrend is now over, just a matter of time before it hits new lows. Basically, it's unlikely to breach it's ATH before we see continuation of downtrend in AAPL. And of course once AAPL starts declining so would Nasdaq.
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Didn't quite make it there, so no short call.
 
--Swing trade with 4 to 1 margin. Short 1998.25 Initial stop 2018.00
--Price is 1988.00 Stop lowered to 2003.50
---Was stopped out overnight for 5.75 pt gaim
 
Buy1Sell2 said:
Here it looks like you correctly identified bullish divergence on the 60, but the 5 min which is your entry chart, was already overbought so it would have been more prudent to wait until an oversold condition presented itself, preferably with fresh upward momentum. Good job on the quick stop out.
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Thank You @Buy1Sell2 for reviewing my trades, I did not even know you made this post ( I thought it would be posted in my Journal?)....but I just happened to be taking a look at the most recent posts in your Journal.
 
Buy1Sell2 said:
Here it looks like you correctly identified bullish divergence on the 60, but the 5 min which is your entry chart, was already overbought so it would have been more prudent to wait until an oversold condition presented itself, preferably with fresh upward momentum. Good job on the quick stop out.
More...


Btw I enter on the 1min chart , not the 5min chart :)
 
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