TinGull's Trades

[TinGull 10]

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 10]

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 10]

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 10]

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 10]

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 10]

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 10]

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 10]

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.

[Nvesta81 10]

I paper traded that last one approx same area ,saw the nifty trend-line. I'm still new so I'm not yet trading with real money in futures, but I'm happy to see that other traders are spotting the same patterns that I am, a bit reassuring that I'm on the right track.

 

Nice trade!

[TinGull 10]

Nice work I think I'm still new, too...still have a ways to go anyhow. We'll get there!

[GCB 10]

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, I took the very same trade, except I waited for a pullback to 14070, and I still got stopped out! It was only a couple of hours later that I realized that the DJIA was right at 14000 at that time, hence the big selloff, and the subsequent grind to nowhere. I wasn't too disappointed, though, because I was following my rules. Of course, I just added a new one--keep a better eye on the DJIA on new highs and breaks of 1000s and 500s.

[dupaski 10]

Tin,

 

Are you refering to the delta indicator or the volume historgram? I don't quite see you volume confirmation and I'd like to understand your reasoning.

 

Sorry for the simple question.....

[shreem 10]

Hello TinGull, if I may add something on your trade on the 17th, we can see that using the VSA perspective, the breakout candle was a form a of no demand bar as the bar close higher than the previous bar, close on the high with a middle range spread and most importantly, the volume was less than the previous 2 bars.

 

If we add the fact that this bar was at the previous high of 14076, this was a sign of weakness for a continued up move.

 

 

We had also a more perfect "no demand" bar 3 bars before (higher close than previous bar, close in the middle of its range, narrow spread and volume less the 2 previous bars)

 

Also, if we look at the volume in relative term, we can see that every time tha price tried to pass through the hi of 14076, the volume was equal or below average, meaning no strong interest from the "smart money" or "big dogs" to get higher price.

 

Just my 2cents to looking at your trade in another perspective. I am in no way an expert as i am learnign as everybody here but really see the edge in using volume reading with bar spread and support and resistance all together.

 

BTW, nice trade on the following, very nicely done

 

Sincerly

 

Shreem:)

[TinGull 10]

Thanks Shreem! I definitely realize the problem with that trade you're talking about. I realized right after I got stopped on it. It was just my excitement of finally getting a breakout that did me in. never again, though!

[shreem 10]

Hello Dear TinGull, thank for the reply. You know, you are not alone in this situation. How many times, I have jump to fast as I was impatient to get in on a position to be stop out just because of my uncontrolled emotions.

 

However, the greatest master of the Market is our loss if can learn from them. They have a lot to teach us.

 

I can see by your posts that you are really a kind of learning from them, so I am sure you are already a very profitable and wise trader to learn from.

 

Great journal that you have here

 

Sincerly

 

Shreem:)

[TinGull 10]

Thanks again for the kind words, Shreem. I've come a long way in my learning, thats for sure...but have much much more to learn. I look forward to every day for the learning aspects alone. If I make money, I learn what I did right, if I lose, I learn what I did wrong.

 

Thanks again!

[TinGull 10]

2 trades today, first was a breakeven trade and second was a +10.

 

+11 on the day

 

First trade reason was price formed a lower high, unable to break the highs of 2 days ago and as you can see by the arrow, volume got heavier on the bar I shorted on, showing some selling interest. I nabbed it real quick, was up +9 (target was +10) and then it ran back up to my entry and got out at +1. Figured I'd wait for another setup, but the day just was a real grind. Very tough to keep my eyes open.

 

After the Fed minutes I looked for an entry. There was a great entry around 14055 that I missed...must've dozed off. So grabbed the next higher volume up bar and went long that. So far, I exited at the high tick, so that's fun.

[brownsfan019 17]

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.

 

tin - nice chart. As notouch mentioned, hopefully those 4 hammers (the 'fammer') gave you extra confidence in the trade. You don't see the 'fammer' often, but it is something to watch.

 

note - fammer is something I just made up. Just like a 'trammer' (three hammers back-to-back). While the words are something I've made, it's something to pay attention to in my opinion.

[TinGull 10]

Would 5 be a quammer?

[brownsfan019 17]

Would 5 be a quammer?

 

I like it! :p

 

My point being in case it was lost in translation is that if you are already long and getting multiple hammers, that's usually a good thing. If you are not long, perhaps it should grab your attention.

 

Keep in mind though that you are not going to see a trammer, fammer or quammer often. When you do, hopefully you are already long!

[TinGull 10]

Morning trades thus far...Disclaimer: These are paper trades right now as I'm going through some significant life changes lately and my mind is no where near being as clear as it could be. I am currently looking for 1 setup that is clearly defined and keeping a journal of every 15 minutes of market action to be sure I stick to what I see in the market instead of what I *think* could happen. Once these changes are done in my life (about 3-5 weeks I would assume) I'll be back on the payroll.

 

All on YM

 

Short at 841

Stop at 856

Reason - High volume attack on 30min Low, should cruise lower.

 

Result...stopped for -15. My stop was right UNDER the high of the candle I shorted. Improper placement if you ask me. Totally clouded.

 

Next trade was a higher volume doji at the 50% of the down move. Should follow thru to the downside.

 

Short at 815

Stop at 833 (above the doji)

Reason as stated above

Covered for +40.

 

The market is very volatile as of late, which is great for day trading...but also is significant in looking at tops. Phase 3's (topping phases) are usually associated with higher volatility as the public finally gets into the market and they want in hard. Pros are liquidating, but when price gets too low they bid it up again to sell more as to not hurt their positions in the long run.

[TinGull 10]

Ended up the day decent. 3 trades, -15 the first, +40 and +12 later on.

 

Final trade was a higher volume break of the 30min OR low once price entered. It was a counter trend trade at that point, so I went into it knowing it would be a small scalp.

[walterw 10]

Good Tin ¡¡ I like that volume attack terminology jejeje... keep it up ¡¡ cheers Walter.

[brownsfan019 17]

Ended up the day decent. 3 trades, -15 the first, +40 and +12 later on.

 

Final trade was a higher volume break of the 30min OR low once price entered. It was a counter trend trade at that point, so I went into it knowing it would be a small scalp.

 

Good job getting back on the horse tin after the first loss. I find that is one of the hardest things for me - taking loss(es) immediately and continue to trade. Something I always have to work on.

 

Nice job today!

[TinGull 10]

Thanks brown! Always nice getting props from someone I look up to.