You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Sempai's YM Journal
- Thread starter sempai
- Start date
4 Trades: 3 winners, 1 loser.
Gross P&L: +18 pts.
Net P&L: +10 pts. (2 pts./rt for slippage and commissions)
Trade #1 Retracement
9:32 am -1 @ 9368
9:39 am +1 @ 9369 (-5)
Although Iâm not using the Globex data for purposes of support and resistance levels, I have the session turned on in my 1-min. chart so that the moving averages for the entry signals arenât out of whack. Also, I was thinking about moving the protective stop down to 9369 based on a pivot being formed, but I was waiting for a trade at 9359 (below prior low) to make the pivot âofficialâ. Moving the stop to the high of the pivot would have made this trade a break even. For future trades, Iâll consider using the pivot prior to a break of the prior high/low, but Iâm not sure yet (one of those âdiscretionaryâ things).
Trade #2 Retracement
9:42 am +1 @ 9373
9:55 am -1 @ 9383 (+10)
I missed this one, but followed it for purposes of the journal. Just like the other day, I missed the best trade of the day again! However, that is why Iâm paper trading right now â so that I wonât miss the entries when trading for real. This one trade would have made the difference between +10 points for the day (net) or breaking even. Also, I messed up on the 3 bar trailing stop and forgot to move it up on the last bar which would have netted me another 3 or 4 points.
Trade #3 Retracement
10:00 am -1 @ 9373
10:04 am +1 @ 9364 (+9)
A nice setup that quickly traded down to prior support at 9360. The stop was moved to behind the prior bar since key support was being tested. In addition, a range setup occurred, so I bought 2 contracts to stop and reverse.
Trade #4 Range
10:04 +1 @ 9364
10:13 -1 @ 9368 (+4)
Another nice setup occurring at the 9360 support level which was formed at 9:37 am. Stopped out via 3 bar rule.
Gross P&L: +18 pts.
Net P&L: +10 pts. (2 pts./rt for slippage and commissions)
Trade #1 Retracement
9:32 am -1 @ 9368
9:39 am +1 @ 9369 (-5)
Although Iâm not using the Globex data for purposes of support and resistance levels, I have the session turned on in my 1-min. chart so that the moving averages for the entry signals arenât out of whack. Also, I was thinking about moving the protective stop down to 9369 based on a pivot being formed, but I was waiting for a trade at 9359 (below prior low) to make the pivot âofficialâ. Moving the stop to the high of the pivot would have made this trade a break even. For future trades, Iâll consider using the pivot prior to a break of the prior high/low, but Iâm not sure yet (one of those âdiscretionaryâ things).
Trade #2 Retracement
9:42 am +1 @ 9373
9:55 am -1 @ 9383 (+10)
I missed this one, but followed it for purposes of the journal. Just like the other day, I missed the best trade of the day again! However, that is why Iâm paper trading right now â so that I wonât miss the entries when trading for real. This one trade would have made the difference between +10 points for the day (net) or breaking even. Also, I messed up on the 3 bar trailing stop and forgot to move it up on the last bar which would have netted me another 3 or 4 points.
Trade #3 Retracement
10:00 am -1 @ 9373
10:04 am +1 @ 9364 (+9)
A nice setup that quickly traded down to prior support at 9360. The stop was moved to behind the prior bar since key support was being tested. In addition, a range setup occurred, so I bought 2 contracts to stop and reverse.
Trade #4 Range
10:04 +1 @ 9364
10:13 -1 @ 9368 (+4)
Another nice setup occurring at the 9360 support level which was formed at 9:37 am. Stopped out via 3 bar rule.
Attachments
9:43 am. +1 @ 9417.
Stopped out on trade #2 (retracement).
I'll stand aside for now since I'm getting conflicting signals. There was a second range trade entry to go long at 9:43 am. and also a retracement short is setting up.
A new resistance level has formed at 9437 for range trades based on the am high. Watching for a setup there now.
Stopped out on trade #2 (retracement).
I'll stand aside for now since I'm getting conflicting signals. There was a second range trade entry to go long at 9:43 am. and also a retracement short is setting up.
A new resistance level has formed at 9437 for range trades based on the am high. Watching for a setup there now.