SniperDaytrader´s journal

Buy1Sell2 said:
As you can see, the long trend from yesterday's earlier morning reversal continues so far today. Stop should continue to be trailed up outside the noise. This is the way to make money. Don't try to catch the all the turns. Trade less. Make more. Spend less on commissions.
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Thank you for another after the fact statement, there really help full. *

Strange how in the ES journal, you didn't trade that, infact your talking about, how if you'd of held you COULD of made +8 LOL

Learn to practice what you preach, before you preach it.

Read back ( well anything written ), he IS NOT AFTER HELP!!! He's fine, he doesn't need it, yes he's a relative newbie, but he'll learn on his own.

And doing better than you from what I can read LOL


* SARCASM!
 
Issue with the chart posted yesterday is the lack of context with higher frame charts. If using the 1 or 2 minute chart, you need some reflection on the 5 min and the 15 min. in order to reap the full benefit and make correct decisions.
 
March 5, 2015 trading with Murphy

I had some technical issues from the beginning today and then some bad luck later on. Good thing is that the markets are starting to move finally.



  • T1 My bad. Jumped in too early. Stupid trade. -4
  • T2 - T4 this was series of confusion and technical mistakes. I still can´t figure out what exactly happened during T2 even when I watch it on the video. After I was filled I suddently saw 4 different orders in the market. It looked like this


The stop loss order was just 2 ticks above my entry for some reason and I got stopped out instantly. After that I killed the other orders with ''flatten'' button in SierraChart, however I still saw the orders as pending in my TWS (Interactive Brokers platform). In this mess I still saw this as a short setup so I entered new order but unfortunately I was too confused and by mistake entered long instead of short. Well, this happens as well. As soon as I realized what I did, I killed the position as well and finally entered short but for bad price. I thought that Murphy had his fun with me for today, but he likes me a lot obviously. I placed my profit target at 4456.25 which is the price where the market dropped but I didn't get fill there and the market started to pull back, so I was moving my limit order higher to take at least some profit and suddently my clock alarm window popped up. I use it to remind me of data releases in the markets.



As I was closing the window market moved few ticks below my short order and everything I could do was to close it at BE+1. -2 -1 +1

  • T5 Finally an entry without any technical difficulties. I took long from pullback into trend. +16
  • T6 Another long into trend from pullback. This time the timing was even better - more patient. +7
  • T7 I entered long from nice 30min structure, tape was also very clear - lot of trapped bears. This is the setup I am usually waiting for. However somebody more powerful (and cunning) pushed the market even lower. During the whole period I was convinced the market has to rise so I gave the market room. As you can see from the picture, the market dropped with tick precision exactly at the price level where my stop loss was (and unlike the profit target, it is stop order so I was filled). After that it climbed back like crazy. ''Thank you'', Murphy :) -12
  • T8 Quick aggressive short after some trapped bulls. +8
Suma sumarum, I ended up with slight profit today but most importantly I learned a lot again.
 
Got a cat?, my cat closed a trade for me, about 5 seconds before it moved 100pips, too late to get back in again!

Slightly profitable is better than most around here, keep learning.
 
SniperDaytrader said:
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Lots of over-analyzing and over-trading here. There were really just two moves yesterday--both very profitable. One short and one long with trailing stops. Buy when things are rising. Sell when things are dropping. Set trailing stops outside the noise. Never risk more than 2% of TLNW on any one trade/idea. ---
 
March 6, 2015

I could synchronize with the markets today quite well. I messed up timing of the first two entries and therefore I started with a small loss even when the markets moved in desired direction. Nasdaq also reacted nicely to preplanned support (near T1).



  • T1 Premature long. I opted for quick 3 ticks loss when I realized it. -3
  • T2 Another premature long. This time even with bad trade management. -8
  • T3 Probably trade of today. I went short just 2 ticks from high of today. +12
  • T4 Quick probe trade. Didn't went as I planned so I opted for quick +1
  • T5 Long from the exact local low. +6
 
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