Matcha's Dow E-mini Journal
- Thread starter Matcha
- Start date
Quote from NoDoji:
Hey, I thought the first trade was awesome as well, good setup, good good entry, and good management. The second setup was a bit iffy because of the higher low, but great entry and trade management as well. It's not whether price goes to target that makes the trade; it's the fact you identified and traded the setups, and managed them well that defines "awesome"!
When you got the third higher low and exited that second trade, look for a long entry for a break out of that range.
Also, on the last trade, consider re-entering when you see previous resistance hold up easily as support. If you look at that little pause on a 1-min chart it's just a mini-bull flag, preparing to move onward. The fund managers will dominate the close and expect continuation of the trend as long as there's no sign of a reversal
thank you for advice ,Nodoji.
I will take note and learn from each trade. Always room for improvement!
Hi, Soonhwei!Quote from soonhwei:
seems like your trading instrument has been changed to ES. missed that big run, i trade only 8am-10.30am US time (am from Singapore, local time 8pm-10.30pm)
switched a while ago... get a bit used to the risk in ES now...
Singapore, I would love to visit on my next trip to Asia!
Hi Matcha,
Your first trade was a great one! I took 2 trades this morning at around your trade #1. I entered at the H1 setup a bit earlier and held through till H2. I got out for +0.25 pt instead of holding on to it. Then I re-entered again at the next pullback but again I did not hold on to the trade. Net +0.50 pts for the 2 LONG trades. It shows the "power of 2", you entered the LONG at a better timing (H2) than I did and I got "spooked" out. For some reason, I have been too cautious with my winning trades especially for the last few days....
--po
Hi Matcha,
Congrats to another week of very solid performance! The largest winner:loser ratio was very impressive. Excellent defensive play.
I didn't do well today. 3 "marginal" trades, -3.00pts. I need to stay out of narrow range trading and exercise tighter stops just like the way you handled your exits for losing trades.
Have a nice weekend!
--po
Hi Matcha
What do your abbreviations stand for? I assume L2 means lower low and H2 is higher high. But what is BT? EMA gap?
By the way, I got caught on that first short trade too. Though I entered it a bit later, around 8:20 on your chart. Looked like the first lower high after an uptrend, especially since price was rejected on its attempt to exceed the prior days high just after the open, but was not to be.
This is an interesting journal because the way I trade isn't that far off from what you're doing.
What do your abbreviations stand for? I assume L2 means lower low and H2 is higher high. But what is BT? EMA gap?
By the way, I got caught on that first short trade too. Though I entered it a bit later, around 8:20 on your chart. Looked like the first lower high after an uptrend, especially since price was rejected on its attempt to exceed the prior days high just after the open, but was not to be.
This is an interesting journal because the way I trade isn't that far off from what you're doing.