K. Edwards Get Rich or Die Trading

K

Kedwards

~Queue bullet sound effects and rap music~

Howdy. Welcome to get rich or die trading, my new journal. Couple of incomplete journals before, have been focused on school. Have a good feel for my directional strat, so I'm going live.

Only trading the morning, say 9:30-12est. ES, price & volume.

Balance: $13,447.40
Today P/L: $118.40


Best trade today was short 2 and 2 ES at 10:06/10:09, covered at 10:12 for $255.80. Easy setup I look for. :cool: Welcome to comments.
 
No trades, no read on vol around consumer sentiment and eia nat gas.
Also mods say can't talk about girls, so this will be much more boring :p
 
P/L: $38.50


9:33 - got short 2 @ 98.25, price came back to it at lower volume (relative to 9:30 bar, 1min bars) vol came in though and pushed it back up, got out at 99.25. Though, if you're looking at a chart you can't really see what I'm talking about unless you watched the 9:33 bar paint live. Lost -$109.60 here.

9:39 - see price making a new high (relative to open price) on consistent volume, usually see these moves end on high vol so I got long 1 @ 1101.75 and then long 2 @ 1102 less than a minute later. Had my sell at 1103 got hit pretty quick, though I could have made 1104 easy because price gapped there in about 10 seconds. Made +$148.10 here.

Nothing special, it is what it is.
 
P/L: -$69.20

Disappointed in execution.

9:35 Meant to put sell stop limit 1105.75 for the break, fuck me I put just sell limit which of course puts me short 1106. 3 tick loser.

9:43 get long 08.75 break looking for a couple ticks, bail at 09.

9:50 price coming back in, AGAIN looking to put on sell stop limit 05.75, can't even get it off on time, price is already breaking 1105, lol.

Bad.
 
No trades, a shame because strat is positioned to benefit from breakouts.

Minor difference in ES price/vol pattern threw me off in the first five minutes. NQ/CL had the perfect setup but wasn't looking at them until after the fact. My only chance to get short was 9:45 bar volume flush, but again trade entry in TWS was too slow. 1093.25-1091.25 came in 6 seconds. Looked like somebody puked there. Tomorrow.
 
P/L: $65.40

9:33 Long 2 @ 89.25 touch got out at 1090 once volume got passed 10k at 9:34. Could have been long 9:39 bar but was already contemplating calling it early. Monday.
 
P/L: -$119.20

Reading T&S spooked me, even tho had the two best longs of the morning.

9:33:59 - Long 2 @ 1104.25. New high on low vol looking for a good climax move to the upside but the amount of orders that came through on T&S spooked me out for a 2 tick loser at 9:34:39. Price made the climax move I was looking for a minute later.


9:43:47 Long 2 @ 1107.25. Again new high on low vol relative to the climax moves at 9:37 and 9:40, again trying to get long the fast break up but it stuttered just enough, got out for another 2 tick loser at 9:44:19. Pushed to 1109 real fast after that.

Good ideas but trying to be proactive in exit by reading flow hampered productivity.
 
update P/L: -$53.80

Despite losing in the morning I had a good feel for what was going on, made some back from the morning.

10:53:05 Price moving in a nice range on low vol looked like a good opp for some runoff to downside put sell stop limit 2 @ 1108.50, got hit and exited 1107.75 @ 10:54:03 as volume came in to support. $+65.40 here.
 
if rejects 1109 again (10:58, 11:11) looking for another short 1107.25, level of home sales price move at 10am looking for runoff to downside exiting on volume, win or lose.

*note: book is thick as fuck at 1107.25/1107. 3k+. Means everyone is looking for the same fucking thing or the smart people are gonna dupe people looking for the same fucking thing.



**Took trade off at 11:29, too much vol running to 1107.50. Don't like it when vol runs up before breaking a new level, I see that a lot of times as people getting in their long support early, and then what happens price barely touches on the break of a new level and runs higher without volume at the new level. 11:28 bar moved 1108.50 to 1107.50 with more volume relative to prior bars. Prefer an orderly decline on light vol and then runup after.

**Looking for short again at 1107.25.
 
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