1:30 CST cancel all pending orders.
1 trade today - long at 116'235 out at 116'255
1 trade today - long at 116'235 out at 116'255
I Love Virgins
- Thread starter enochbenjamin
- Start date
BIG NEWS in a few minutes. I usually wait for the dust to settle before entering - but if you have brass balls....
Sell virgin @ 117'155 then at 117'235
Buy virgin @ 117'04
I myself will wait 15 minutes after the news before entering any trades.
Sell virgin @ 117'155 then at 117'235
Buy virgin @ 117'04
I myself will wait 15 minutes after the news before entering any trades.
If you had bigger balls than me '04 was a perfect entry point.
Days like today are when the impulsive trader in me starts to seep into my psyche.
First I should have taken the trade long at '04 - I was watching the DOM and it was clear that that price level was being defended. I hesitated and poof - she was gone.
Next I had my limit to sell at 117'155 - and sure enough that is/was the temp high of the day... but my limit order was not executed! Fuckin-A!!
So - I should be done for the day but instead I sit here with a big fat zero and an itchy trigger finger.
And this is where this journal helps me. Now that I have spilled my guts I know I must patiently wait for my next virgin appears... or I could go to plan B...
First I should have taken the trade long at '04 - I was watching the DOM and it was clear that that price level was being defended. I hesitated and poof - she was gone.
Next I had my limit to sell at 117'155 - and sure enough that is/was the temp high of the day... but my limit order was not executed! Fuckin-A!!
So - I should be done for the day but instead I sit here with a big fat zero and an itchy trigger finger.
And this is where this journal helps me. Now that I have spilled my guts I know I must patiently wait for my next virgin appears... or I could go to plan B...
Yesterday was one of those days.... got impulsive - made money and I know I didn't deserve to.
Back to the simple - low risk trades.
ZNZ9
118'045 is a very interesting number as it is the high of the last 40 days - for that reason alone I will be shorting if touched. Not really my "normal" virgin, but a virgin nonetheless
Sell virgin @ 118'045
Buy virgin @ 117'155
Back to the simple - low risk trades.
ZNZ9
118'045 is a very interesting number as it is the high of the last 40 days - for that reason alone I will be shorting if touched. Not really my "normal" virgin, but a virgin nonetheless
Sell virgin @ 118'045
Buy virgin @ 117'155
Trade was NOT taken at 118'045 as the virgin approach reached 118'035 and that was close enough to violate the virgin. Not 100% penetration but enough to say she aint no virgin no mo!
Second approach blasted thru!
Sorry this is after the fact - I've tried to keep all my posts before anything happens.
I have no other sell points for the day - only a buy that is now very far away.
Second approach blasted thru!
Sorry this is after the fact - I've tried to keep all my posts before anything happens.
I have no other sell points for the day - only a buy that is now very far away.
Ok - I am going to reveal my PLAN B attack on the virgins.
Drum roll please..............
open up a 5 minute chart of ZN or ZB with the following:
21 period EMA
Daily Pivot Points
Make a notation of the opening price in relation to the pivot point and the 21 EMA.
If price opens below the pivot and below the 21 EMA - our bias is short.
If price opens above the pivot and above the 21 EMA - our bias is long.
Wait for the price to RUN AWAY. That's right, we want price to run away from us. Ideally prices will hit new lows or highs in running away. This works extremely well on news volatility.
We patiently wait for the price to come up or down to the 21 EMA and buy/sell in the direction of the prevailing trend. So if the bias is short we short when price hits the 21 EMA and if the bias is long we buy when the price hits the 21 EMA.
For best results - only use this technique on VIRGIN approaches. For those of you who have not been drinking whiskey that means only trade the first approach of the 21 EMA.
That's it - easy peasy lemon squeezy! How I make money when there are no s&r virgins around.
Drum roll please..............
open up a 5 minute chart of ZN or ZB with the following:
21 period EMA
Daily Pivot Points
Make a notation of the opening price in relation to the pivot point and the 21 EMA.
If price opens below the pivot and below the 21 EMA - our bias is short.
If price opens above the pivot and above the 21 EMA - our bias is long.
Wait for the price to RUN AWAY. That's right, we want price to run away from us. Ideally prices will hit new lows or highs in running away. This works extremely well on news volatility.
We patiently wait for the price to come up or down to the 21 EMA and buy/sell in the direction of the prevailing trend. So if the bias is short we short when price hits the 21 EMA and if the bias is long we buy when the price hits the 21 EMA.
For best results - only use this technique on VIRGIN approaches. For those of you who have not been drinking whiskey that means only trade the first approach of the 21 EMA.
That's it - easy peasy lemon squeezy! How I make money when there are no s&r virgins around.
Quote from enochbenjamin:
After lurking around for a few years I have decided to start a journal. My main reason for starting this journal is really selfish - in some strange way I feel publishing this journal will help me stop the impulsive trades.
Anyway, the title. I love trading virgin approaches to established (by me) support and resistance levels. I define virgin as a level that has not been revisited since it was created and do not count levels created in the current session. I also do not use virgins that have been violated in the overnight sessions.
My vehicle of choice is the 10 year (ZN) although I have been known to occasionally trade other markets if a pretty virgin entices me.
That's all for now.
Best of luck with your trading and your journal. I have found that going back and reading my journal has helped me in my trading and I wish the same for you
Best
Robert
Robert, I sincerely appreciate your comments.
Thx!
Thx!
Late today - had some computer/internet issues...
Nice looking virgins today
Sell virgin @ 118'02
Buy vigrin @ 117'155
already tried plan B today and didn't move fast enough - out flat.
Nice looking virgins today
Sell virgin @ 118'02
Buy vigrin @ 117'155
already tried plan B today and didn't move fast enough - out flat.