8/21/07 General Trade Log / Idea Sharing

[AbeSmith 10]

Hello. World markets are mixed. Dow is currently a bit down in premarket. Good trading.

[AbeSmith 10]

Setup 1: 2 contracts. +5. +5.

[TinGull 10]

Why did you get scared?

[AbeSmith 10]

Setup 2: 2 contracts. +4. +4.

[AbeSmith 10]

Why did you get scared?

 

There was some resistance and and the 1250VBC printed a doji.

[TinGull 10]

I used to "promote the trade" by entering on a 5min and watching a 15min for signs of weakness. I don't do that anymore because 15min is a bit long for me, but it might be something you could look into. Maybe execute on a 1250vbc and promote to a 5min.

[AbeSmith 10]

Setup 3: -12. -12.

[AbeSmith 10]

I used to "promote the trade" by entering on a 5min and watching a 15min for signs of weakness. I don't do that anymore because 15min is a bit long for me, but it might be something you could look into. Maybe execute on a 1250vbc and promote to a 5min.

 

What about the 1 minute?

[AbeSmith 10]

Setup 4: -12. -12.

[TinGull 10]

Maybe a 3min, a 1 minute would be too quick for a promotion from a 1250vbc

[btrader2 10]

Hi AbeSmith and All,

 

I'd like to post a chart of NQ of a trade a little while ago.

 

btrader2

[TinGull 10]

Nice work btrader!

[TinGull 10]

I had got short at 101 and was stopped out for -23 on my range failure trade. Followed the plan, just some odd strength appeared out of no where.

 

[AbeSmith 10]

Setup 5: +8. +7.

[TinGull 10]

Note the nice 2 bar reversal on the 5min.

 

 

This is a classic old skool setup that is very powerful to watch for. Did I take that trade? Nope, just had come off my loss and was grabbing a drink...just water and a gulab, nothing major.

[AbeSmith 10]

Hi AbeSmith and All,

 

I'd like to post a chart of NQ of a trade a little while ago.

 

btrader2

 

Hi btrader. So you went long at the previous day's close?

[btrader2 10]

Thanks Tin,

 

Out after Price took out naked POC from the 15th.

 

btrader2

[AbeSmith 10]

Setup 6: -16. -16.

[btrader2 10]

Hi AbeSmith,

 

Yes, went long on the bar after the bar that closed above PDC.

 

btrader2

[AbeSmith 10]

Setup 8: -9. -9. Accidentally went long when I wanted to short.

[AbeSmith 10]

Setup 8: -14. -14

[btrader2 10]

Relax, It's a business but it's fun!

[AbeSmith 10]

My trading summary today:

 

8 setups. 16 roundtrips. -93 points. $533.16 realized paper loss.

[TinGull 10]

And what is your daily drawdown in your trading plan?

[AbeSmith 10]

And what is your daily drawdown in your trading plan?

 

It is $200.