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jfw215

Members
  • Content count

    40
  • Joined

  • Last visited

Personal Information

  • First Name
    J
  • Last Name
    W
  • City
    Los Angeles
  • Country
    United States
  • Gender
    Male

Trading Information

  • Vendor
    No
  • Favorite Markets
    Stocks and NQ
  • Trading Years
    10+
  1. J' Trade Log

    1 trade today. +137bps. I missed another big runner by 10 seconds. It's all good. posting both charts. I'm glad to be back. I do notice I made a mental error on my exit. I was focusing on how the last 2 trades I had were small losses, which made me want to tighten my stop on this trade just a tad too soon. I then said oh its been 30mins since open so I can tighten my stop now. That is me trying to make up a rule on the spot. Next time this comes to mind, I will actively disconnect the two. Overall, I am feeling pretty good about it. I'm excited that I'm near complete of collecting sample of 20 trades for the first batch.
  2. J' Trade Log

    First day back from Fiji. 2 small losses today. Nothing much I could have done differently. Good trades, good exits. There was a second trade on ANET (blue line). I skipped that trade by mistake. At the time of entry, I thought it would not work because the first one didn't work. That is a classic prediction error. I cannot know what will happen next. The goal is not to predict but to execute properly.
  3. J' Trade Log

    Currently in Fiji for a seminar. Can’t wait to get back to the strategy next week.
  4. Reading Charts in Real Time

    I’m currently in Fiji checking in on my positions. Looks like GBP would have hit T1 and almost T2. This trade is sure taking a really long time. I can see why with real money the trade would be quite challenging on psych to wait it out. The EUR kept going down and did not bounce at anticipated area.
  5. Reading Charts in Real Time

    Update on GU. Moved stop down. This is the 3rd day in this trade.
  6. J' Trade Log

    3 trades this morning. 2 BEs and 1 decent runner.
  7. J' Trade Log

    I woke up for the opening today and learned quite a bit. The strongest stocks at the open tend to get the most attention and therefore give you a nice pop. I didn't trade them but watched. I ended up taking 5 trades. 4 scratches and 1 went all the way up all day. I can see why this method is really tough on the normal psyche. You have more losses than gains on average and you gotta let the winners run. The result was actually fantastic.
  8. Reading Charts in Real Time

    Update on GU and EU. GU now move to BE. No trades on EU yet.
  9. Reading Charts in Real Time

    Here's current view and projection on EU
  10. Reading Charts in Real Time

    Entry triggered on the short. This area here could also become support. If a counter 123 forms at this support area, will look to reverse long.
  11. J' Trade Log

    Just 1 entry today, Saw the previous day's R flip to S, with room from the gap to run up. Waited 3 mins, price was stalling few pennies below entry. Took me myself out of the market. Good trade.
  12. Reading Charts in Real Time

    I've been reading up all the old Thales posts. So much gems here. I'll post FX setups as I see them. Is anyone from the old days still around and trading? Thales, Kiwi, MK, DB, Atto, Forrest... who am I missing...
  13. J' Trade Log

    I was not well prepared today. I felt like I was too distracted with looking at longer term swing strategy at the same time as trading intraday. Ended up having 1 entry on AMZN. There were about 3 other trades that netted in small losses but were not taken.
  14. J' Trade Log

    Today was the first day on the revised mechanical strategy. At one point I had 7 orders in the books ready to go and market ended up triggering zero trades. I was very calm for most of the part of the session and did not stray from my trading plan. I'm extremely proud of my execution of my trading plan today even though no trades executed. Happy Trading!
  15. J' Trade Log

    Today was the first full day I started with this method. I learned quite a bit. First, I realized that the criteria I had set for this batch of mechanical trades were too loose and is too subjective to emotional bias. After reviewing the charts, I realized it is much easier to mechanically test by buying intermediate consolidations above the MA followed by new highs. If I miss the initial entry, I can take a secondary entry if at least a box of 4 bars have formed (thank you Darvas). I will then use a volatility stop indicator for exits. Up to two trades per instrument per day. No trade if price is right below R for longs and S for shorts. I'm in the first stage of becoming a consistently profitable trader (as described in Mark Douglas' books). In this stage, I will focus on taking mechanical entries and exits to strengthen awareness in probabilistic mindset. Second, I'm surprised looking at the charts that buying new highs actually work on average. Every new high break of the intermediate consolidation gave a nice running start. yet during the actual breakout, my mind was filled with doubt. Fascinating mind. By using volatility stop, I can make this exercise easier for me. The goal is not to focus on making money but focus on mastering the skills of execution without hindrance of memory based mental bias, also known as hope and fear. Third, I'm surprised that no shorts triggered today. Looking at the NQ, I can see it was all day up. It's also fascinating how NQ danced around the S/R lines I had drew in from the previous days. I already miss watching NQ but I'm going to stay focused on my stock strategy. Fourth, in the afternoon, when NQ rocketed, all of my Nasdaq stock trades made large moves at the same time. Amazon, Apple, ADP. Going forward I'll make sure not to have more than 2 units of risk exposure on at the same time. So only take a new trade after stop have moved up for protection. Fifth, my discretionary stop movement can really be improved. I'm going to use volatility based stops for now because I'm going to focus on taking entries for now. The actual trading results (in units of risk based on stop size) today would be -.2, -1, -.5, -.5, +1.1, 0, 0, 0 for a total net of -1.1R. Tomorrow is going to be great day. I'm looking forward to testing this system and develop consistency in being a successful trader. Best, J
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