T-REX Journal

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Quote from T-REX:



I tend to move very quickly and as much as I can I will try to explain as we go along.

It is difficult to answer questions when the market is open because unlike some people I'm in the market.

Don't give up stay with me and you will get it.


:)
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Thanks for your "No Comments" above :confused: .

Have a good time! I am signing off now. :mad: :(
 
Quote from AAAintheBeltway:

T-REX,

What got you out of the second trade?

And how do you calculate that 93% win rate?

I will grant you that today was a rotten day for this type of system. We got a classic rinse and wash on the number.
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To be totally honest it was all arbitrary. On the second trade after the 3pt target was hit I moved the stop loss to break even and rode it out. Getting out with a 7 pt gain was not predetermined I just felt like taking profit....in hindsite it was the right thing to do but there was no majic or secret to me getting out.

As for the 93% win rate it is based on the number of trades taken & the # of wins generated over a 3 yr period.
Although this is not my chief system or overall strategy I always find myself comming back to it from time to time and I thought that by creating a journal in realtime would help many a trader looking for a robust methodology.

As for the trading day result I agree that it was an unpredictable day. But for the sake of those watching Im glad that the 1st day was a loss. That way you can see the "true results". no hype, no gimmics just the facts win or loss.
:)
 
Quote from OddTrader:



Could you please elaborate with more details :confused: ? Thanks!:)
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... to trading the E-mini's on a consistant basis that will earn you daily profits and ketch atleast 1/3 rd of weekly and monthly bars!!!!!!!!!!


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Could you please elaborate with more details ? Thanks!


Sorry for skipping over your question. I was tryng to be brief and answer as many questions as possible.

Its actually quite simple:

Example: Lets say on a weekly bar the S&P 500 moved 100 points. Well that leaves us 5 trading days in that week. However, the weekly bar doesnt give the whole picture. The week could have been a congestion phase where the average daily range was 100 points! Therefore a third of that is 25 points. All you needed to make was 5 pts per day!!! 5x5 = 25

Its that simple.

:D
 
Current Overnight Resistance = 1026.25
Support = 1020.25

If it were 9:30am EST you would look for the break down or breakout and trade with the money flow.


:)
 
Good morning folks.

Sorry, for the delay I had some computer problems this morning. If any of you have up to date Virus software I advise you to do a search and destroy. There is a bug that is effecting email and Windows Explorer.

Anyway, because of this I missed my trade this morning but for the sake of the journal I will disclose today's variation.

_______________________________________________

Original Entry Points
Buy @ 1025.50 Stop-Limit /Stop-Loss @ 1020.50
Sell @ 1018.50 Stop-Limit / Stop-Loss @ 1023.50


Today's SVM (System Variation Method)

How to fade the GAP-MOVE?

If the market opens above 1025.50 (SELL @ 1025.50)
If the market opens below 1018.50 (BUY @ 1018.50)

______________________________________________

Since I missed the original Buy entry today I will sit this one out.
However, I will place the Short Entry ticket @ 1018.50 Sell Stop-Limit order and wait for the short trade to trigger instead of chasing the market.





:)
 
So far the market has an 8pt trading range.
if the high holds then short and look to take profit @ 1018.50
and/or move stop to trail incase the 1018.50 is broken to the downside.
:D
 
Quote from T-REX:

Good morning folks.

Sorry, for the delay I had some computer problems this morning. If any of you have up to date Virus software I advise you to do a search and destroy. There is a bug that is effecting email and Windows Explorer.

:)
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Hello T-REX,

What "bug" did your computer have. I am currently unable to access www.msn.com and www.hotmail.com. Everything else is working fine.

Thanks,
fan27
 
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