John's Trading Journal

[HFTrader]

Trade #16
Gold
Monarch This was off a fractal that had a divergence with the previous one. So DS0 here
Result: -6 tick US -63.68
DS0

[HFTrader]

Trade #17
Gold
4 minutes after last trade. Monarch Hit PT
Result: +8 ticks +US 76.32
DS1

[HFTrader]

Trade #18
Gold
S1 FINALLY traded one. I thought I really pretty well on this one
Result: +13 ticks =US 126.32
DS1

[HFTrader]

Trade #19
Nasdaq
Monarch Exit on Candle Trail
Result: +6 ticks +$26.32
DS1

[HFTrader]

Trade #20
Crude Oil
S1 Just didn't follow thru. Hit the previous day's high which sent it straight back down. The break of the signal fractal was actually a few ticks below but I put it right at the previous day's high. In hindsight I should have put it 1 tick above that high. Maybe a DS .5? I'll give myself a 0
Result: -4 ticks
DS0

[HFTrader]

I'm actually doing a 21st trade here. that way I'm able to pull up some stats from the platform.
Trade #21
Gold
S1 Put a PO above the fractal and AO cross of 0 line
Result: +5 ticks + $46.32
DS 0

[HFTrader]

So just tallied the Total DS score for the 21 trades. 12 out of 21. Not real good and very illuminating. My focus is crap....but mainly cuz of personal stuff goin with the move. But I definitely need to revamp a couple of things. The reason I like the monarch is because i traded something VERY similar back in the late 90s. Wait for consolidation.....strong move out....little pullback...then jump in on the new high/low. Pretty easy to spot...not necessarily the "Go To" trade I want now.

But I wanted to get this Journal started and build some momentum on doing this!

thanks Immy for your comments. I'm going to digest those, come up with a new TP, and will begin another set

For what it's worth, here are the results of the 21 trades. This is if one were trading ONE futures contract. Goal is to be trading a minimum of 10. Also this 21 trades took me 6 days of trading. I would expect to be completing a T20 every 2 days

[acceleratum]

Looks interesting, Sorry cant help much with those graphs

[HFTrader]

Started 2nd T20 yesterday. for this set I want to take fewer Monarchs and More Setup 0s, 1s, and 2s. Specifically I want to see AO get very close to 0 line and preferably cross the 0, and then when it crosses back over put the PO above/below the fractal. I need to be cognizant of both HOW TALL & HOW WIDE the consolidation period is. So some discretion as to if I'll pass on the trade. I'm going to be more aggressive in taking multiple trades in the currencies vs other instruments. They seem to just trend, trend, trend more that the stock indices and gold and crude. Depending on where I am in the cycle....is if it's a 3 wave i'm coming off of or maybe multiple waves, I'l put the PT maybe at an estimated Fib Exp point, or just at or near the previous Swing high/low.

[HFTrader]

Batch 2
Trade #1
Nasdaq
Supposed to be an S1, but I put the PO above the previous high instead of above the fractal. So instead of a hit PT trade I BE
Result: +1 $1.32
DS0 nice start!