Matcha's Dow E-mini Journal

Quote from tlow:

Matcha,

Just about to post in my journal for the day and I thought I would come by and see how you did today...hoping that it was much better that myself. I, too, had a terrible day where one trade influenced the next and yesterday even to an extent effected today. Im going to jump back in the saddle tomorrow and go back to basics, be more thorough, and make sure I do things right.

Its all in the recovery :)
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Losing day. Oh, well. Thinking what I did wrong now.

I am not letting the emotion carry through to tomorrow's trading. Please do the same!
 
My last 2 trades. I really couldn't think anything I did wrong with them.
1. after the announcement
2. was in an up trend
3. difficult to see the setup on 5 min chart with whole bunch of bottoming tails. On 2 min chart. 3 leg move down, wedge bottom, a bit overshoot trend line. Bottoming tails. formed at support level.
4. 50% fib level.

all sets up buy signal, besides price is at VAH... but in a such big move with strong trend,is looking at VAH is still reliable?

If I flip to short, it would work on short side for sure. But I wasn't ready to be a flipper yet...

hmmm:mad:
 
Dear matcha, although you have a losing day, i see very precious character in your trade--you are out of your chair when you feel out of control. That is the key to the success. Unfortunately, i am beaten by the emotion control. :mad:
 
Matcha,

Here is my "inexperienced" view of how I saw the market after the FOMC...

My mistake on my really bad trade was 1.) entering at the top without any real reason other than trying to get in and 2.) not exiting at a small loss once that Lower high was made...this was most likely a reversal signal. Also, there was a sloppy H&S pattern forming.

I decided to stay out for a bit after I made the bad trade...but also, there was a lot of chop back and forth in the 12:00-12:30 range...its a bit hard to see on the 5m chart, but imo, even the 2m chart doesn't give quite as clear of a view of the chop. Not to say what ur doing is wrong...but this is one of the reasons I like the tick charts.

EDIT: just reread through a bit of my journal as well as yours...Boli is full of good tips! Hopefully, he can chime in a bit about today.

here is a 512 tick chart:
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Quote from tlow:

EDIT: just reread through a bit of my journal as well as yours...Boli is full of good tips! Hopefully, he can chime in a bit about today.
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I realize Boli trades AAPL, not futures, but it would be cool if he could post a chart of his trades for a day with setups, entries, targets and exits, because I used to trade AAPL and technically I think it trades similar to futures. Vee vant to peer inside your trader brain, Boli!

:D
 
Quote from tlow:

Matcha,

Here is my "inexperienced" view of how I saw the market after the FOMC...

My mistake on my really bad trade was 1.) entering at the top without any real reason other than trying to get in and 2.) not exiting at a small loss once that Lower high was made...this was most likely a reversal signal. Also, there was a sloppy H&S pattern forming.

I decided to stay out for a bit after I made the bad trade...but also, there was a lot of chop back and forth in the 12:00-12:30 range...its a bit hard to see on the 5m chart, but imo, even the 2m chart doesn't give quite as clear of a view of the chop. Not to say what ur doing is wrong...but this is one of the reasons I like the tick charts.

EDIT: just reread through a bit of my journal as well as yours...Boli is full of good tips! Hopefully, he can chime in a bit about today.

here is a 512 tick chart:
More...

thanks for posting! I love that! I guess it's probably the irrational time to trade. everybody just want to sell to closes, take their profits after a huge FMOC bullish run, Including people who bought yesterday.....

I used to use FIB,MA, stoch. MACD and tick charts to trade before I read Al's bar by bar analysis. I love the smoothness on tick chart. But I guess I didnt know how to use it properly. I don't have any good result on it.
I am still not profitable in using minute chart yet. But I like the process of analyzing story bar by bar. I also look at internals, multiple time frames, pivot points, s/r, sometimes RSI and activity based chart (if candles on 2 min and 5 min are overlapping).
I know it sounds like I am looking at too many things! But all of them give me the "odds rating" to enter or exit a trade.
Eventually, I will know what's to keep and what's to dump!
 
Quote from luckylucy:

Dear matcha, although you have a losing day, i see very precious character in your trade--you are out of your chair when you feel out of control. That is the key to the success. Unfortunately, i am beaten by the emotion control. :mad:
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Hi, Luckylucy!

We are all human. We are not machine. So we all have emotions. But as human, we know how to control our brain and make it work at the best.

For me, like everyone else, a great way in trading to prevent from behavior out of control is to set daily/weekly/monthly/ gain/loss limit. %of loss I can take per trade. I also have a % of loss to pull me back to SIM trading.

When I maxi. my daily loss limit, you have no idea how much I want to get back in and trade. But as long as I keep thinking it's reinforce a bad habit and it's going to damage my account. I would stop doing it. Situations like "move stop" after losing trades as well.

I am not tooo focus on how much money I make now. What I am really focus on is to trade like a robot.::cool: . Trust my set up. Follow my discipline.

Profit will come along the way if I follow my rules. I believe?

So if you get emotional, step aside. and re-asses. Look at bigger picture, not look at your PnL...:p
 
Matcha, don't beat yourself up, F-days are called that for a reason and it has nothing to do with the FED. Many experienced traders simply stay out of the market on FED days because of all the hardcore games.

As for your last trades, keep in mind that when the market goes parabolic the moving averages are basically worthless and you have to either stay out or trade the momentum (which when you entered was down - aaaahhhh, the power of hindsight :p - but think about the first part of this paragraph :D).

One thing, I'm not sure if I've missed something, but you're still in sim, right?
 
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