[bathrobe]

Originally Posted by bathrobe »

Attached is a chart with reasons for taking first trade. Second was a scalp.

John, I may have misunderstood your question. On the second trade
(scalp trade) I did not buy @ 91.25 and add at 22, I bought at 922 and because I felt I was on the right side for a scalp I added at a lower price (on the first trade of the day I placed one order at S and sold at R, I never buy again at a higher price or sell again at a lower price, (against my trading plan)).

Also, although the first trade continued to rally up to daily and weekly pivots after my exit I never second guess, and felt the level had been touched enough times to make it a possible turning point so I made an intra-trade decision to not leave any part of the trade as a runner.

I felt I was on the right side of the trend so I bought 55 contracts at 922 and another 55 at 991.25 and my profit target was 2 ticks, I only buy/sell more when I am sure my analysis is correct.

I hope I was able to answer your question.

Chris

[JBWTrader]

Hi Chris thanks for the replies mate.
I think it was I who missunderstood....you are actually all in at first. For some reason I thought you added...I missread your chart. Sorry mate.

I know a low 7 figure profit trader p.a. who adds in small to start with and when proven right he adds a lot more in... I was starting to think this was a common pattern with successful traders... but it is not...as you have proven !! there are many ways to skin profits as long as it fits in the plan.

Well done and thanks for sharing Chris, and to the others here of course !!

All the Best
John

[bathrobe]

I took 2 trades today, the attached charts show entries/exits. Had a good month, although I only traded 9 days.

Chris

[bathrobe]

I will still be pretty busy with outside activities this month, but I will try to get in more than only 9 days.

Analyzing July's trades, I did not place a losing trade (some trades had "legs" which lost, but the overall position was profitable. Also, I was happy with all trade entries/exits except for one where I moved the exit prematurely.

[HAL9000]

Today I took my first real trade after some time.

I failed somehow on my exit based on my rules.

Also I think, that I am lacking a little bit of sleep,
so I decided to maybe just sim trade today,
or just sleep some more.

[bathrobe]

completely missed the move near the end of day but still had a pretty good day

[daedalus]

Bathrobe - on some of your charts you mention that trades have divergence (specifically in your post on page 97). Just curious what you use to confirm divergence. (I took the same trade but wasn't using any indicator to confirm divergence).

Thanks again for all your posts in this forum and actually providing the charts to show where your entries are. That is truly invaluable information I can't say i've ever seen replicated anywhere else.

[bathrobe]

Originally Posted by daedalus »

Bathrobe - on some of your charts you mention that trades have divergence (specifically in your post on page 97). Just curious what you use to confirm divergence. (I took the same trade but wasn't using any indicator to confirm divergence).

Thanks again for all your posts in this forum and actually providing the charts to show where your entries are. That is truly invaluable information I can't say i've ever seen replicated anywhere else.

On the trade on page 97 the divergence was on the 5 min chart using a macd oscillator. I use 5m,15m 30m, 4range and 1000vol, charts to get signals from.

Chris