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Here is my thread on the Feb 2019 Trading journal challenge. I hope this keeps me on point with respect to journaling to keep myself accountable and develop the daily tasks and habits that makes winning traders win. My target is be become …
Above is my thread on the Feb 2019 Trading journal challenge. I hope this keeps me on point with respect to journaling to keep myself accountable and develop the daily tasks and habits that makes winning traders win. My target is be become consistently profitable on SIM & go live in April. 1st target is 0-$500 / week including commissions trading 1 contract, and then up from there.
Summarized Trading Plan :
- Trading mostly ES in Globex session somewhere between 7 - 10 pm EST (with CL and NQ on standby in case ES chart is sideways or choppy).
- Start in Sim with 10k acct, trading 1 contract for no more than 1% risk at any given time. Daily target is $200 on average, daily max loss is $200, target is to have 75% winning days. Max & ave winner to be greater than max & ave looser. Walk away after 2 consecutive losses, either shut down for the day or way for a new trend.
- Method is trend trading ema bounces with usual targets of about 5-6 ticks, increased target to 8-10 ticks on bigger retracements, pivot magnets, etc. I will either sit on my hands, not trade or lower my targets to 2-3 tick scalps, in the case the market is whippy choppy, having a difficult time picking a trend direction.
- Trade approx. 5-10 trades / trading session.
- Trade using tick charts. My main entry chart is 89ticks, using a larger time-frame (as an anchor chart) at 233tick. Mostly using price action with Ema's to help determine overall trend direction and retracement bounces. Also have a sensitive MACD to indicate divergence (or energy), and ST/LT scholastic for to help with cycles or timing.
Journal :
- My journal start with a summary of market, times, any red flags etc, as I start.
- My journal will then list each trade including the specifics of each trade.
- My journal will include a daily report card, the good-the bad-the ugly.
- Will include marked up charts that refer back to each trade.
- After the week, I will look at weekly stats vs targets.
- Then similar for the month.
I am entering the journal February challenge and will keep a detailed account of my trading
methodology and trades for the month .
I am a day trader and trade the AUS.200.
I use a couple of different analytic methods for trading. I look at analysis as a language as there a various ways to analyse the market each with there own terminology.
The analytic methods that I use are :
There was quite high volatility today in the AUS200 I was not really expecting it. The S&P500 had been bullish in the overnight session making an all-time high today the AUS200 has been in a three day balance. My daily plan was to target 5786 and maybe …
1. 3 HTT's with No Trader Errors
2. 0 Stops
2. Better Than Average
1. Execute my plan with no trade errors.
2. I will not cover trades unless I hit my target, or I can see clear rejection (NOT …
I've never posted on here before; so it would appear I cannot post a legit link to this contest. So I'm not trying to break the rules, but it appears I'm the victim of a bit of policy and opportunity. Hoping the mods see this as ok.