Hello guys and welcome to my trading Journal! I will be posting my trades through out the weeks.
I will be trading Break Out Pull Backs with the trend. Targeting swing points, stop loss's behind previous swing points or VWAP.
Ideally better then a one to one risk reward but it depends on what the market will give me.
Tool's
Sierra Chart.
Default VWAP.
5 minute candle stick bars for entry.
10-15 minute charts for better trend confirmation as needed.
Finviz for Risk on Risk off.
Financial Juice for my news squawk.
Bloomberg/Ruters for news events.
Trading
ES
NQ
TF
I will be doing my best to let my trades play out and hit their TP or SL.
I am willing to loose $200 a day to make $200 a day. I am concentrating on the process of the trade and working on being calm.
I'm not sure if I will be updating this daily or a weekly video but most likely something in between ;)
I think eventually, I would like to add to my positions, and take contracts off and let them run and all of that, but for now I am sticking to something simple until I get the hang of it.
Goal for the today is between $100 to $200 a day. I am treating this like a real account.
I hit my goal for today. $160 in profits first trade was good, I let it hit my TP, Second trade I closed at break even do to it being a bad trade. Third trade correct entry excited early. A winning day but things I need to improve on.
Tomorrow is a crazy news heavy day, I might stay out of the markets.