1st Day with New Setup....

[timgallaway 10]

I don't have exact details on time if the trades, I closed my "fill window" in TT Trader and loged off before I remember to save the times. I'm still using TT trader's MD Trader DOM for order entery. I switched to SIM mode for the testing of this setup.

 

Below is a cut and past of a notepad log that I kept today.

 

TRADE LOG FOR Setup 1

----------------------

 

 

4/6/09

 

1 contract Trade - Good early w setup, not clear on indicators, LONG

1 contract Trade - Good 4 tick profit, 6 tick stop, SHORT, short skew

1 contract Trade - Good 4 tick profit, 6 tick stop, short skew

1 contract Trade - bad 6 tick stopped out, 4 tick profit target, LONG in short skew- entered too early into the fade. only one indicator confirmation.

 

1 contract trade - Good 4 tick profit, 6 tick stop, LONG in short skew,

Better entry from last trade. waited for fade and

other indicators to confirm.

 

1 contract trade - Good 4 tick profit, 6 tick stop, LONG in short skew

 

1 contract trade - GOOD 4 tick profit, 6 tick stop, SHORT in long skew

 

2 contract trade - GOOD 4 - 6 Tick profit, 6 tick stop, Short in mixed skew

 

1 contract trade - Good 5 ticks profit, 6 tick stop, Long in Mixed skew

 

1 Contract trade - Good 4 tick profit, 6 tick stop. Short in mixed skew

 

 

For charting I'm using Ninja, as pictured below. Ideally from what I've read, a 1 to 1 ration is ideal for profit target and stop loss. But since I'm only trading 1 contract, I figured I may as well get out ASAP and still give it some room for the stop due to volatility.

[brownsfan019 17]

Good to see you posting something Tim that you worked on. I didn't bother back to that other thread, so not looking to stir the pot.

 

Good luck on your trading and just keep in mind that this business takes a long time to learn and find your rhythm. Don't get discouraged easily and keep at it.