-1.25 ES (8 trades 5 losses, 3 wins) Went beyond the rules of three loosing trades



If not for the two last trades, it would have been -6pts loss day.

I did not stick to my rules of 3 loosing trades. and I got stuck trading in the ranging marking, making trades unrelated to the market condition.

T1- T2: -1.25 & -1.25 Definitely should not have traded these, macd was showing weakness and mini divergence
T3: +.50 was a revenge trade since first two did not work out. Was hoping that reversed direction from T1,2 wil lwork out for T3, but it was a reverse area and I got ought at the bottom 

T4: -1.25 Direction was correct, SL was to close and got hit.
T5 -1.25 I immediately went short thinking its a continuation since T4 did not work out, and was wrong.

T6 -1.25 Continued shorting, did realize i was on the wrong side, and I made immediate reverse trade T7 which was +1.75 and could have been easy +3

Waited for reversal confirmation from EMAs and made a short T8 in good area, market went down 8pts easy, but I was only able to grab +2.75

-2 ES ( 4 trades 2 losses, 2 BE)




T1: -1.25 was trading a divergence in uptrend. Price did give me 1pt before reversing and hitting my SL. Second attempt at short higher would have been better bet.

T2: 0 Shorted when MACD were low in anticipation of lower move glad I was able to close at BE.
should not have shorted it with MACD below zero line

T3: -1.25 shorted bounce off zero line was hoping for a reversal but it did not happen, made instant trade in the opposite direction which turned out to be good.

T4: +0.25 Went long in the failed reversal pattern, price reached 2.50pts my target was 3pts, before retracing to BE. I was not managing trade (went for a walk with trade open) would probably closed it at 1pt realistically  knowing how of a chicken I am :)


+1.50 ES (5 trades 2 losses, 2 BE, 1 Win)





T1: -1.25 was showing mini divergence was @ the mini pivot area from previous high. FAILED!

T2: +.25 Bought into a divergence, not sure why, got out with 1 tick, was up 1pt, good exit, price went down and would have hit my stop

T3: 0 this was a chicken trade, price formed double bottom and I exited with BE, price went up 4pts

T4: -.75 decided to play short here lower low MACDs, however there was uptrend good exit on my end

T5: +3.25 Took this one as I saw price was not making lower lows, break of that resistance would push price higher, which it did, nailed exit perfectly, saw a slow down in the price and macd pushed second time for higher, with not momentum.

-3.25 ES (3 Trades - 3 losses) Bad trading at its best


T1: -1.25 gave me a hint that its not going lower, should have taken the offer
T2: -1.25 bad trade all together based on mini divergences in the uptrend
T3: -.75 (low ticked my stop, and went up) I did move the stop closer by two ticks

Sticking to my rules of 3 losing trades

+3 ES (1 Trade, 1 win) Waiting for a reversal signs, left the trade unattended






T1: +3

Left the trade unattended, was in the meeting that could not look over the PC. Trade completed for 3pts, in the correct direction.


+1.75 ES ( 2 Trades, 2 wins) Not focused second trade was a jump in after not watching charts


T1: +.75 caught a nice mini reversal here in divergence, chickened out and exited to early, easy 1pts could have been.

T2: +1.00 was a small divergence in the profit taking area (mini reversal, consolidation)  was a dangerous trade, exited good enough.

Notice how divergence is not working during slow uptrend moves. RED X

-1.00 ES (4 Trades 1 Win, 3 losses)


Shitty day,
first trade was an OK trade, in wrong direction though. Closed it with +1.25

Second, third were trades to catch the bottoms of the reversal, did not work out. gave away the profits from the first trade.

T4 -.50 though the trend will continue, but it did not. Got out @ -.50

After T4, saw a big "pressure" on 1597 but by the rules I can only have three loosing trades in a row, or +3pts profit to quit my day.


0 ES ( 3 Trades: 2 losses; 1 win) couple missed opportunities was conservative and Friday first half was slow




Somewhat ok morning volatility until about 10:30am
then dead until after lunch which was odd for a friday.

Couple opportunities to get in, but also couple failed opportunities that I did not get in which saved me from wiping out my ZERO DOM

Total of 3 trades, first two were loses with one last chance for a gain, which was an OK trade, but did not hit our target of 3pts and closed at 1.75 which ended my day at ZERO DOM

T1: -1.25 was trying to catch the bounce top, was little to early. Divergence on MACD
T2: -.50 same idea as T1, was little quick on the trigger to get out, would have worked out.
T3: +1.75 Finally got that top and nailed the exit by luck!


+1 ES ( 1 Trade 1 win) choppy market, missed some entries was to conservative because of yesterday



Was little conservative today. Missed some aggressive entries that could have panned out ok for a scalp.


T1: +1
Traded 1597 it was trending long
looked for entry at 233 and 144
Was risky since it could have bounced off EMA and went down more

-3.75 ES ( 3 Trades 3 losses) Followed the rules of 3 losses. Bad discipline getting in to early



Summary:

T1: -1.25 Tried to get in early after open to "go with the flow", I did not use any other analysis. got chopped up pretty fast, even though I got signs of weakening, could have salvaged some ticks in SL if closed early, but at hte same time at the back of my mind I was hoping for it to go down more, considering previous times when i closed to early missing out on the move entirely

T2: -1.25 After price reversed and moved passed mini resistance level, I went long on a bounce, used macdbb 144 to get in. again could have salvaged the sl, but, did not want to miss out if it was the move. need to think about the sl salvaging strategy.

T3: -1.25 Previous swing low did not reach previous low, and I traded bounce off of EMA from 144, had no chance to salvage SL at all

Takeaways: 

I have to treat each trade as a "present" that if I lose I have to give that "present" away, this way it will keep me cautious to take that trade and treat it more carefully. Only 3 presents a day to give away!




-7.25 ES ( started with out MACD indy, was distracted at work, and making trades bluntly without research and accuracy)


19 Trade!!! -7.25 ($-362.50) imagine commission on top of the loss as well 4$ * 19 = 80$ (-$440 total)

Perfect example of what could happen when not sticking to your rules. After Three (3) looses I should have stopped.
Also, T17 & T18 where taken as revenge trades with increased stop in hopes of market to go down. And if you remember what happened when I started doing that in Forex, I blew up my account. so  big NO NO!

Over trading!

Not following Rules!!

No indicators!!

Distracted!!

Choppy market!!




+2.75 1 Trade right after market open bell with the trend bounce off of EMA's


T1: +2.75
Lucky trade with the trend on the break lower and bounce off of EMA, was kind late entry, and did not wait until 3pts were hit, which it would have.

+1.50 ES Two losses 1 win ( first trade could have been BE)


T1: -0.25 could have been BE it I was not trigger happy, but overall ok trade management

T2: -1.25  Tried bounce off of EMAs did not work hit SL pretty fast. Did an opposite trade right away which was T3 and was good

T3: +3 After T2 failed I did T3 as revered trade and it hit target

+2 ES 4 trades early morning (2 loses 2 wins)





T1: -1.25
was hoping for swing lower
previous low was not penetrated first sign of
reversal? 60% confidence trade

T2: +1.50
caught the reversal here
after T1 failed
75% confidence trade

T3: -.50
sign of reverlas, got out to quick,
if held to SL then would be ok trade
closed to quickly

T4: +2.25
Intention of T3, 1597 showed strength
should have help to 3pts target
happy with 2.25

+0.75 ES 1 trade (ES is ranging small moves)


T1: +0.75 quick snatch
macd was making lower highs
price was making higher high with
no strength

0 ES SLOW day very choppy (got more momentum after lunch, morning was slow)



T1: -0.75 Would take that trade again
bounce in downtrend off of EMA
IT DID LET ME KNOW THAT  it did not
want to go down after second attempt
could have been the sign

T1: +0.50
would take it again. got out on the first
sign of weakness, which was good idea

T3: +0.25 would take it again
was little to fast on the trigger did not let the trade play out
would have definitely hit the target later on

-2.50 ES Busy day (job hunting etc) was distracted, ended early two bad trades


T1  -1.25 this was 50/50, bad idea doing a buy in downtrend dip
also, I was hoping for third bottom and go up not sure why

T2: -1.25 premature sell trigger
second attempt was successful

T3: +1.75 sell was goo, second attempt

T4: -.50 would take it again
got out in time with only .50 loss instead on full 1.25

T5: -1.25 bad trade, it breached previous high
sign of turn around should have waited for a buy signal

-1.25
-1.25
+1.75
-.50
-1.25
----------
-2.50

+2 ES Trade (two trades, was not feeling it)

T1: -.25
T2: +2.25

Could have definitely did better here. Market was in favor of a trend.
Mind wa snot into trading but "somewhere else"

-0.25 ES ( Distracted Trading) T1 and T2

T1: -1.25
T2: -1.25
T3: -1.25
T4: +2.75
T5: +1
T6: -.25

ES -3pts ( different strategy no MACDBB)


T1: -2.75
T2: -5
T3: +7.75
T4:+0.25
T5: -5.50
T6: -6.25
T7: -2.25
T8: -3.50
T9: +7.75

 T10:-2.25
T11: +1
T12: +4.50
T13: -1
T14: +4.25



ES -1.5 ( experimented after with some high risk trades)


T1: Nice trade with the trend +3.25

T2: -1.25 was assuming a reversal here attempt #1 FAILED
T3:  -1.25 was playing a reversal attempt #2 FAILED
T4: -1.25 Though it would go lower after small "stall", but it reversed (should have been last trade for the day)
T5: -1.25 Told myself to stop, but continued trading anyway.

BONUS:




B1: -1 high topped me on a short (due to to tight of a stop and bad entry)
B2: +.25 went down in the right direction but no follow through, move to BE
B3: +1.25 sat through the 4 point move in green before it came back and hit my trail stop
B4: +4.50 sat through -4.75 draw down with a sign of continuation, didn't have static stop, was moving it around, and got lucky price moved down for 4.5 points profit. one good thing i did here is not closed trade when it was +1 or +2 like I like to do (but this was definitely a bad risk trade, was playing around with price movements and would def not trade like that with real money)



-7pts ES 7 trades (over trading)


T1: +.75
Trade management: OK
Three attempts to break lower failed, sign to get out.

T2: -1.25
Played a chance to break lower which failed 50:50 here
Not really sure if I would have done any better

T3: -1.25
Played attempt to go higher, which failed

T4: -1.25 (sign to stop trading for the day)
Played attempt to go higher, which failed, entry was ok

T5: -1.25
With all the attempt to go higher, played reverse here which failed badly

T6-7: -1.25 & -1.50
Broke highs was a sign for strength, was in +1.25, added another contract at the sign of retracement,
continued against me and hit SL

Total: -7