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After missing a couple of trades earlier I was hoping for a quick 10 tick gain. However it didn't work out. Came within 1 tick of hitting my target and pulled back. There has been a struggle between the bulls and the bears since the EIA report this morning so I pulled out my trade before the start of the next bar. I have noticed big moves can occur withing the first 10 to 30 seconds of a new bar. Would rather be flat than risk being down 10. Ended +1
Edit: Just took a look at the chart and the next bar went down hit my target and reversed. Those are the breaks.
Entry type: Buy Stop above previous bar high. Previous bar was LOD
Took a 5 tick scalp off this trade. Solid entry - 3 ticks of heat. Originally had 10 tick target but I moved it. This was not a good decision. Need to trust my targets! Last trade influenced this one.
This will probably be my final trade of the day unless something really good comes along. Currently up 21 ticks on the day.
I had a good day today. Came within 5 dollars of hitting my daily goal. All of my entries were solid. The most heat I took was 3 ticks. My biggest mistake today was moving my target on the third trade. I had several trades I passed on today which were similar to my third trade . I am looking to add this as a permanent entry type.
Below are the tags and entry types for my current combines. Open is where I make most of my money. It is nearly half my total in the combine. I was surprised by two and three.
Note: There were a lot of trades which had two or more tags so they are counted more than once on the report.
You sir, are now my idol. I'm planning to do something similar to how you started with after learning more. For now, setting up a stable foundation though. Can't wait to catch up on everything you've done up till now.
Many thanks!! But I am just a humble student of the market trying to figure it all out. Also, there are tons of excellent journals and threads here on futures.io (formerly BMT) along with many traders more capable than myself. Be sure to poke around in the other journals and threads. There is invaluable information contained within.
Open is actually a tag opposed to type of trade. Signifies I took the trade on the open of trading. See trade detail below. In this trade I placed the sell stop below low of the day and at the open of trading for CL.
Last night my trading computer went down. Did not trade today and will not be trading tomorrow. I need to make sure everything is calibrated correctly and so I will start on Monday.
I don't have a screenshot of the weeks totals by itself but I do have a screenshot of the total since the start of the combine. See below.
Total profit made this week: $490. / $1080 since the start of the combine.