Sekiyo's journal. 1Risk 2Rewards. ES. TsT ?

SimpleMeLike · Feb 7, 2020

Sekiyo said:
I always buy on retracements,

Thanks for the response Sekiyo,

When do you decide to cancel the limit order if price goes in your favor without you in the trade?

Sekiyo · Feb 7, 2020

Seaweed said:
Your last trade where you bought at 3325 is an amazing entry, and you pretty much caught the low. Can I ask what made you enter the long here? From what I can see, I have no levels of importance and since you bought on the first time it came down here, its not like it was a re-test of the low or anything like that. So you must have been anticipating a turn at this level is what I'm thinking.

Thanks buddy.
This isn’t exactly how I caught my entry,
But it’s one way among other and it looks similar.

I want to be a buyer in the lower range and a seller in the higher one.

@SimpleMeLike
It does apply to your question.
I forget a trade when I believe the market has done its thing. If I want to buy a retracement and it has done it without me then I’ll take the train to the next station. I’ll sell the retracement according to my zones. If it enter a zone I’ll take the trade. If I am not filled then I’ll try to be filled in the next zone for the opposite trade.

Seaweed · Feb 7, 2020

Sekiyo said:
This isn’t exactly how I caught my entry,
But it’s one way among other and it looks similar.

Beautiful! I have to admit that I don't look at channels enough. I love horizontal levels, but channels I find can be drawn in so many different ways, depending on which swing points you use, so it makes them a bit arbitrary for me. But your illustration makes it very obvious. Thanks.

DevBru · Feb 7, 2020

Nice job!

Is this already an attempt for a funded account or not yet?

Sekiyo · Feb 7, 2020

Seaweed said:
Beautiful! I have to admit that I don't look at channels enough. I love horizontal levels, but channels I find can be drawn in so many different ways, depending on which swing points you use, so it makes them a bit arbitrary for me. But your illustration makes it very obvious. Thanks.

No worries.
It’s actually better not to look at everything otherwise we get lost and finally when everything converge the trade turns into a loser ...

I am sure that if you looked behind then you could have found a support area. I don’t look for a one tick entry but more of a zone. I was just lucky to buy the bottom.

Thanks @DevBru !
Unfortunately this is not a combine yet.
Just a warm up. I’ll begin one next monday ^^

I’ll keep you updated here :
https://www.elitetrader.com/et/threads/6-months-topstep-50k-net-profits.340196/