JC's trading journal

[JC1975]

May 18th

Happy Monday guys,
welcome back,

Frankfort started well the week by gratifying us with a fruit as soon as the 2d bar of the day, confirmed by another fruit at the 4th bar: more than enough to trade the short side; the breakout bar was a nice red bar and should had increased my position there.
Anyway, this trade ended as a scratch trade something like 30 minutes later...

before the exit of this short, took a long fruit which was killed by sideways price action too (for a small rent)

As a trader, my job is to recognize when volatility is there or lacking : between 9:30 and LO, nothing was good enough to be temped but braketing the market for the Braves

I decided to play safe and wait for LO to give us a direction:
jumped in the breakout of AIMS box after LO and took 27 pip, trailed candles and exited above a fruit with a 27pips winner.

Done for the day,
those who took the fruit at the bottom are still laughing, dunno if some did in the room?

Take care guys

[JC1975]

May, 19th,

Hello everybody,

Now, i feel better and better the volatility of Mr Market and try to limit my trades at the minimum size till market shows me it's gonna move for real money

for instance, i took 2 short fruits at FO with limited capital exposure and with the intention to increase the position during the campaign; unfortunately, the 2 shorts were stopped out with the breakout of AIMS box because of strong momentum to the upside. As i couldn't know in advance that the shorts would be laminated, i've to enter short on the fruit and manage my position.

At London Open, i bracket the small AIMS, to let the market telling me the way it would go : short was triggered for a small rent but SAR got me Long again a few minuts later for a happy +40 +52 trade; exit was below the fruit bar because i wanted to give my long more lattitude than just trailing candles.

see yale tomorrow,
Bye for now

[immy]

Mr. Market! hmmm, oh yes, reminds me of Greenblatt !

[JC1975]

May 20th,

Hey Guys,
Tough session today as i didn't see any followthru, but at least no harm, no fall...

At FO, 1st fruit uses to be a winner but 5 candles later, i needed to use a SAR to flip my position to the Long side, which was stopped out below green Gator.

3d trade was a short, on breakout of the box after a fruit : almost a scratch trade but this was very interesting to me: as the short side didn't push further, i had a clue that wave 2 may be finished and was waited for a new upthrust aka wave 3. This decided to take the break of the AIMS box and go for Longs : fruit to the short side immediately appeared and the long was compromised...
Because of my long bias (expecting wave 3), i cut off my long but didn't SAR on the short fruit before London's openning.

This was one of the best trade of the early morning, assuming you would survive to LO.
As i wasn't short @LO, decided to jump in to the breakout of the box for a rent (stop at the other side of the box).

Tomorrow is gonna be better,
Cheers

[JC1975]

May, 27th


Hello fellow traders,

apologize if you didn't see me for a week or so but i had some technical issue with my plateform and decided to re-install it completly today just before FO : now, i can work again on my disciplined trades

as i was still creating my template, i couldn't short the 1st fruit right after FO;

but 20 minute later, the breakout of the box gave us a possibility to go Long; my managed my trade with place to move and let the stop loss below AIMS box in order to stay in for London, openning soon : the box has been broken, my stop taken (scratch trade), so i was flat for LO

When London entered in action, Long fruit was erased by a huge green bar that took the low and then broke everything to the upside.
A short fruit appeared around 10:05 and was a nice winner but adding on got me in a rent : these 2 shorts were stopped out at the breakout of the box (around 10:20)

Long side trading wasn't happy either as long fruit turned out to be a small rent but the lot i added-on cost me the full box size as a stop (1 lot stop below green gator, the other below the box)

i respected my discipline within the entries and the exit; could eventually had taken 1 more short (fruit 9:35 with div) but the day was -10p when i left
Guess it's "good trades, bad income"

see you tomorrow

[JC1975]

May 28th

Good Morning,

difficult to explain you guys what i did today because many breakouts of the box had little or no follow through : almost all trades i took today were stopped out the other side of the box...

hadn't made obvious mistakes, respected my /the plan and exited correctly on green line or on the box

the only interesting trade was the short 30 minutes before LO : entered 1st lot on the breakout of the box with sleeping gator (S1)and the add-on lot was token at the breakout of the box;
just before London Open, the trade was a home run but 1st lot was exited by trailing candles and 2d lot above green gator (scratch trade).

At the end, i payed today a rent for 12pips; couldn't do anything better
Tomorrow is another day

[JC1975]

May 29th,

Morning fellows traders,

Poor FO, LO saved it:
since a few days, it seems to me that Frankfort doesn't give anymore what we had before.

At the open of Frankfort, the fruit i took was stopped out within 2 bars, 2d opportunity presents and ended in profit, paying for the previous rent.


During this short, i took a long fruit which exited at break even
Then, around 09:23, the shy breakout of the box above sleeping Gator put me in a long for 3-4 minuts and was stopped out on the other side of the box
The Stop & Reverse pending order entered the brekout of the box to the downside and again erased the previous rent

I can go further and describe the next 2 longs fruits which were loosing trades when London opened and the S2 Shorts enabled by themselves to save the day by bringing 6P in profit for the traded session (next S3 would had been a winner too but i needed to go to work)

My conclusion is that by trading mecanichly, you have 50/50 chances but entering in a campaign where we can add-on (because market enables it) is the only way to make consistent profits.
Point is : you've to take all the trades (including 4-5 'compensating each others trades') because you never know if/when a campaign will start

cheers

[JC1975]

June 1st

Good Morning everyone

as posted above, i'm still convinced that FO are weak those days, untill prooven otherwise : so, was looking at it but didn't find any opportunity valuable enough to pull the trigger during Frankfort : i was sitting on my hands and maybe felt asleep

as a result, i messed up LO by entering short too late in a clean breakout and exited above green gator (at least, the exit was respecting the rules)

missed the long fruit at the bottom that reversed the whole thing and was a winner

Discipline includes to takes all entries when market is moving which obviously it was...