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A Cowboy's Trading Journal


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A Cowboy's Trading Journal

  #871 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

These are todays supply and demand levels along typical levels (Y_Low, Y_High_Y_Close, VWAP, VPOC, ORH and ORL)...yesterday played out well

Again creating levels is EASY, executing is tough.





Closed at 40 ticks by noon and saw market flushing down, thought I have to get in, tried to trade at my levels but sometimes it's real tough when market is flushing down, you need to wait, you might not get proper price but it's worth the wait....

In short, I lost all my 40 ticks but held on to the trade and got back twice...still not happy with my execution.


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Can you help answer these questions
from other members on NexusFi?
Quantum physics & Trading dynamics
The Elite Circle
MC PL editor upgrade
MultiCharts
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
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Trade idea based off three indicators.
Traders Hideout
 
  #872 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

These are the levels I am looking at today, today I have to be extra careful, don't want to get in catching falling knives...

One change I noticed in my view is - I am getting better at NOT having a BIAS.

See where price is at my levels, watch order flow, take trade, either stop out or take profits quickly

So it all BOILS DOWN TO

Nailing entries and and KNOWING what your risk / reward is before you enter a trade is key. If stopped out MOVE ON, if not comfortable taking trade, just SHUT IT DOWN, market will be here next day too...




I was able to trade properly today, levels held up nice, but I was not in front of system to put a trade (maybe that's a good thing)...was able to short in the morning then added few longs later



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  #873 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159


Trading on Friday is not my strength, in fact all my worst losses are on Friday, so I am being very careful today, I might go back to SIM trading today.

These are my levels...My thinking is if price goes below the box, longs should be very careful.

I have to learn how come up with scenarios, where PRICE will open, scenario1, scenario2 and scenario3 like FT7, but then I am thinking that will make me to form a bias and when I form a bias its very hard for me to get rid of the bias and accept the fact so not sure if that's a right idea.




I was scared to tradet today but was able to trade, not easy, but was manage to get GREEN, so SHUT IT DOWN.



This is for whole week Total ticks +248



Note: I am posting here just to hold me accountable, not to boast...If I can make anyone can make...

Next week is another week, but PROCESS should be SAME....CONSISTENCY is the KEY lets see.

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  #874 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

This will be a slow week (self note)

Process is same

1. Watch LEVELS (EASY)
2. Watch ORDER FLOW at LEVELS (GREY AREA)
3. Execute trade (TOUGHEST part)
4. Not confident? - SHUT IT DOWN, Walking away when not feeling right is an important SKILL




To summarize my trading today

Discipline -> Shit -> OK -> Deep Shit -> OK -> Neutral



Finally was able to close out with few positive ticks


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  #875 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

These are the levels I am watching...





Not a good day of trading, missed whole morning session then was going good and then made a mistake of taking a breakout trade, I was in profit and wanted to close immediately realizing my mistake but somehow I forgot which button to click on DOM (I know, I know...) and price reversed on me and I was never able to recover...






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  #876 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

This is exactly what we want to achieve as traders.

Note: I am not affiliated to anyone, posted because matching my definition of trading success.


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  #877 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

Just three trades today, I shut it down as I didn't want to loose what I got





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  #878 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

Only three days of trading last week...

Total ticks - +4

This week got to be careful because all the big players will be back.

GOAL for THIS week - LESS NUMBER OF TRADES/DAY






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  #879 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159

Just TWO trades, made mistakes though...





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  #880 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159


When market is at ATH, I don't know how to trade, I always have a fear that market is going to puke on me, lets see how I handle this.

Trying to get base hits, today missed the initial rip then was able to get some hard way...

Method is same, consistency is key, low risk entry and exit if its not going in your way







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Last Updated on January 6, 2021


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