[TinGull]

Here's a log of my trades.

First trade today was a long on NQ. Higher volume on a break and close outside the 30min OR.

Available ticks = 11
Took +6 ticks as was looking for a further advance. The rest of the markets were cruising higher, but NQ and ER weren't wanting any part of it. Took what I could.

[notouch]

Do you mind other people posting in your log or is it just for you? Anyway I was interested why you didn't take those bullish hammers earlier.

[TinGull]

It's all good. I didn't take those because Ive found that a large % of my trades taken inside the first 30minutes have been losers, so I tend not to play much inside the first 30.

[TinGull]

Contract Symbol: YM
Trade Position: Long
Stop Price: 14012
Entry Price: 14023
Exit Price: 14023
Gross P&L in Points: 10
Setup : High Close Doji

Stop was placed in accordance to a 5min chart, setup was shown on a 15min chart. Tight stop, tight target.

[TinGull]

Tough morning for me...took one trade but really shouldn't have as the volume didn't support the breakout, so it quickly reversed and stopped me out.

Contract Symbol: YM
Trade Position: Long
Stop Price: 14075
Entry Price: 14085
Gross P&L in Points: -10
Setup : 30min OR Breakout

I had an AWFUL fill on it, too. Wanted to be in around 81, but those darn market orders....anyways, at the close of the breakout candle I should have been aware that the volume wasn't supporting the break, but neglected to watch as I was just excited to see the break. Learned good with that one.

[notouch]

Do you keep an eye on the DJIA? You entered the trade as it broke above 14,000 for the first time ever. It usually takes a while to get through these psychologically significant big round numbers.

[TinGull]

You know, I actually don't watch the cash index. Shortly after that trade I got the email from marketwatch saying Dow traded atop 14k for the first time, and I thought...damn, I bet that was why that trade didn't work! So, I'll be sure to keep that in mind next time.

Thanks notouch

[TinGull]

Decent trade to cap off the day.

Reason for the trade was a break of the 30min OR high with volume confirming. While this was at the top of the days range and also into new high territory, I waited for confirmation of price acceptance in this area. When I saw price was not being rejected, I opened a quick position. Was wanting to get 20 points out of it, but the market didn't wanna give that to me, so I graciously took 11.

The 2 trades with black arrows were trades I saw, but didn't take. Reason being that they weren't part of my plan. Simple enough right? I'm focusing now on one setup thats simple, and then add on later. I have a real tendency to over-complicate things with obscene analysis. Having something that's literally as simple as ABC is cool with me.