Trade 1
04:06 - L ESTX50 2768 stp 3t - trend, 50% fib retrace, heavy vol pb so high risk trade
04:21 - Exit 2771 +3 ticks - nft, cci hook, also t&s not printing buy trades (trades on offer/ask) so no buying support
Note: This trade preceded a missed trade I was anticipating and watching on a developing 30min cci divergence because I was called by my wife. So entry was made on pullback but the heavy volume on the pb made the trade high risk!
Trade 2
04:47 - L ESTX50 2766 stp 3t - entry pbh + 1 tick, noticed two trades of > 4000 and subsequently > 1200 on T&S, reason for entry, also oversold on 5min bline
04:56 - Exit 2764 -2 ticks - nft cci zlr, no flurry of big trades to confirm the big volume trade
Trade 3
04:56 - S ESTX50 2763 stp 5t - stop and reverse, cci zlr
04:58 - Exit 2761 +2 ticks - price quickly stalled, nft so i'm out, normally the zlr would result in a quick breakdown reaction
Trade 4
10:00 - L ER2 2 @ 564.5 stp 10t - counter, entry 5min pbh + 1t, 5min bline oversold
10:03 - Exit 1 @ 564.8 +3 ticks - not bouncing quickly, scale out
10:09 - Exit remaining 1 @ 564.6 +1 tick - stopped out, price rallied after stop out
Note: Stopped out prematurely because of bad stop placement. Should place stop below 5min pbl (5min was entry basis).
Friday, October 15, 2004
Thursday, October 14, 2004
ER2 Observation
Observed that prints of 80 or higher on T&S could indicate short-term direction. Tradeable with tight stop especially if going with trend and confirmed by BB and other indicators. A flurry of higher volume trades after the big print(s) should confirm trade. Absence of flurry of trades afterwards could mean buying or selling to the opposite side.
Journal - 10/14/04
08:45 - L EUR 2 @ 1.2395 stp 6 ticks - trend, 3min pb10ema, entry pbh + 1 tick
08:48 - Exit 1 @ 1.2400 +5 ticks - scaled out
08:48 - Exit remaining 1 @ 1.2400 +5 ticks - not getting the follow thru I expect, heavy selling on T&S and high vol on pb
08:48 - Exit 1 @ 1.2400 +5 ticks - scaled out
08:48 - Exit remaining 1 @ 1.2400 +5 ticks - not getting the follow thru I expect, heavy selling on T&S and high vol on pb
Wednesday, October 13, 2004
Journal - 10/13/04
Trade 1
21:58 - L HSI 13310 stp 13295 tgt +20 - trend, entered on pb though no real setup yet after big thrust up move, looking for bounce back to previous high
22:05 - Exit 13297 -13 ticks - stopped out
Note: Poor trade management! Price bounced up to +17/18 and went back down. Price kept trying to bounce but on the succeeding attempts, it could not get back to the +17/18 level anymore. I did not get out hoping that I'll get my target exit and was actually even thinking higher price. I kept on waiting even if the charts already gave a warning sign that the bounce is weak and the longs will feel antsy to get out when price could not break previous bar high on the 3min chart. I should have taken whatever profit was available. This was a winner turned loser!
Trade 2
22:10 - L HSI 13320 stp 13290 - trend, 2min pb10ema, poor entry at top of BB
22:17 - Exit 13301 -19 ticks - no follow thru
Note: Could not pull trigger to exit when price hit 13310 even when I felt that price was a failure. Went into hope mode and felt too emotional after trade 1 loss. This trade was a loser right from the start and if not emotional, I should have exited when price went back close to my entry for a small loss.
Trade 3
03:37 - S ESTX50 2813 stp 2815 - counter, 10min cci divergence
03:42 - Exit 2812 +1 tick - not getting follow thru, trend still strong
Trade 4
04:12 - L EUR 1.2320 stp 1.2314 - trend, 5min 1st pb50ema, 5min bline oversold, 2min cci divergence
04:26 - Exit 1.2323 +3 ticks - no follow thru, European economic data coming out at 4:30
21:58 - L HSI 13310 stp 13295 tgt +20 - trend, entered on pb though no real setup yet after big thrust up move, looking for bounce back to previous high
22:05 - Exit 13297 -13 ticks - stopped out
Note: Poor trade management! Price bounced up to +17/18 and went back down. Price kept trying to bounce but on the succeeding attempts, it could not get back to the +17/18 level anymore. I did not get out hoping that I'll get my target exit and was actually even thinking higher price. I kept on waiting even if the charts already gave a warning sign that the bounce is weak and the longs will feel antsy to get out when price could not break previous bar high on the 3min chart. I should have taken whatever profit was available. This was a winner turned loser!
Trade 2
22:10 - L HSI 13320 stp 13290 - trend, 2min pb10ema, poor entry at top of BB
22:17 - Exit 13301 -19 ticks - no follow thru
Note: Could not pull trigger to exit when price hit 13310 even when I felt that price was a failure. Went into hope mode and felt too emotional after trade 1 loss. This trade was a loser right from the start and if not emotional, I should have exited when price went back close to my entry for a small loss.
Trade 3
03:37 - S ESTX50 2813 stp 2815 - counter, 10min cci divergence
03:42 - Exit 2812 +1 tick - not getting follow thru, trend still strong
Trade 4
04:12 - L EUR 1.2320 stp 1.2314 - trend, 5min 1st pb50ema, 5min bline oversold, 2min cci divergence
04:26 - Exit 1.2323 +3 ticks - no follow thru, European economic data coming out at 4:30
Tuesday, October 12, 2004
Journal - 10/12/04
10:51 - S ER2 572.1 stp 572.7 - trend, 5m bline, 10m pot'l cci zlr
11:00 - Exit 572.6 -5 ticks - stopped out
Note: I failed to react and exit trade when price was not getting follow through to the downside after a long bearish hammer. Normally, the long bearish hammer should already catch the attention of sellers and price should quickly show this action. The lack of negative action was already a warning sign price was not going down and I should have exited immediately.
11:00 - Exit 572.6 -5 ticks - stopped out
Note: I failed to react and exit trade when price was not getting follow through to the downside after a long bearish hammer. Normally, the long bearish hammer should already catch the attention of sellers and price should quickly show this action. The lack of negative action was already a warning sign price was not going down and I should have exited immediately.
Monday, October 11, 2004
Journal 10/11/04
Made 1 trade. Market was slow due to Columbus day holiday.
Trade
10:20 - L ER2 575.3 stp 574.7 - counter, 5min bline oversold, enter 1-tick above pbh
10:29 - Exit 575.5 +2 ticks - nft, slow market
Note: At pre-market, I identified daily 200MA support on ER2 at 574.5 but just watched when price went down to test it. Missed a decent profit as a result.
Trade
10:20 - L ER2 575.3 stp 574.7 - counter, 5min bline oversold, enter 1-tick above pbh
10:29 - Exit 575.5 +2 ticks - nft, slow market
Note: At pre-market, I identified daily 200MA support on ER2 at 574.5 but just watched when price went down to test it. Missed a decent profit as a result.
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