Embedded Files
1/11
1/11
1. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we are testing the H period low during the I period.
1. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we are testing the H period low during the I period.
The first trade was executed correctly, we followed our money managment risk/reward protocols. We did not though achieve an asymetrical opportunity as the market did not make its ultimate low until later in the period. GAIN 1.5 PTS
The first trade was executed correctly, we followed our money managment risk/reward protocols. We did not though achieve an asymetrical opportunity as the market did not make its ultimate low until later in the period. GAIN 1.5 PTS
2. . Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we are testing the 1/9 lows during I period, extending into M period.
2. . Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we are testing the 1/9 lows during I period, extending into M period.
The second trade was executed 4 points above the low, taken on a discretionary basis, we didn't get in until after the market took out the stops from yesterdays low, moving 1.25 ticks below yesteredays low @ 1401.50 . Once filled, we missed our target for our second offset by 3 ticks, and didn't have an exit plan for the retracement down to 1407. I made a suggestion during the video for a trailing stop strategy, but it was to late as we didn't optimize our exit. Even worse, the M period high was 1 tick above our 2nd target, as we got out early when the market got back to the 1408's on its way to 1412.75. Overall not bad, but not optimized. GAIN 5.25 PTS TOTAL GAIN FOR THE DAY 6.75 PTS
The second trade was executed 4 points above the low, taken on a discretionary basis, we didn't get in until after the market took out the stops from yesterdays low, moving 1.25 ticks below yesteredays low @ 1401.50 . Once filled, we missed our target for our second offset by 3 ticks, and didn't have an exit plan for the retracement down to 1407. I made a suggestion during the video for a trailing stop strategy, but it was to late as we didn't optimize our exit. Even worse, the M period high was 1 tick above our 2nd target, as we got out early when the market got back to the 1408's on its way to 1412.75. Overall not bad, but not optimized. GAIN 5.25 PTS TOTAL GAIN FOR THE DAY 6.75 PTS
1/14
1/14
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the A period high during the D period.
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the A period high during the D period.
The first trade was executed correctly, the stop was placed at break even after the 1st 1.25 pt profit target was hit. The second fill was achieved an hour later for an additonal 6.25 points. The ultimate low after the D period was in G period at 1412. GAIN 7.50 PTS
The first trade was executed correctly, the stop was placed at break even after the 1st 1.25 pt profit target was hit. The second fill was achieved an hour later for an additonal 6.25 points. The ultimate low after the D period was in G period at 1412. GAIN 7.50 PTS
2.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the D period highs in I period.
2.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the D period highs in I period.
Although the trade worked with the 18.25 short, looking at the total volume footprint chart, the high volume area in D period was at the high end of the 1419's hence the 18.25 entry was a bit late. We were prepared though to realize potential stop running and ready to adjust and better our position. We didnt have to do that and we got our 1st profit target fill for 1.25 pts. We also placed our hard stop at break even following our protocol. The market didnt trade at the asj for our second target, but did trade there at the bid, so we did not get filled, and gave back our profit at our break even stop. The mean was the right target, just 1 tick away. Considering we only had a 3 point target from our entry, I dont feel to bad about not implementing a trailing stop. GAIN 1.25 PTS.
Although the trade worked with the 18.25 short, looking at the total volume footprint chart, the high volume area in D period was at the high end of the 1419's hence the 18.25 entry was a bit late. We were prepared though to realize potential stop running and ready to adjust and better our position. We didnt have to do that and we got our 1st profit target fill for 1.25 pts. We also placed our hard stop at break even following our protocol. The market didnt trade at the asj for our second target, but did trade there at the bid, so we did not get filled, and gave back our profit at our break even stop. The mean was the right target, just 1 tick away. Considering we only had a 3 point target from our entry, I dont feel to bad about not implementing a trailing stop. GAIN 1.25 PTS.
3.Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading . In the following video we are testing the D period highs during K period.
3.Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading . In the following video we are testing the D period highs during K period.
The opening fill was about a point to late, just a few minutes later the market ran back up to test the periods high. This is not the first time that I have been early by a couple of points or right around a potential stop running area. Being aware of that fact, we bettered our position 2 points higher. We did analyze the selling tail from the 8th, and was ready for a possilbe run to the top of the tail.We executed correctly by offseting the original postition for break even, keeping the better fill at the 21's. I also offset the 1st contract of the second trade from the 22's at 19.75 for 2.25 pts. I came within 2 points of the period low,never got filled on the second contract, got stopped out for a break even. I gave back 4 points from the period low to the break even point on the second contract. I would like to better that with some sort of trailing stop possibly. GAIN 2.25 PTS.
The opening fill was about a point to late, just a few minutes later the market ran back up to test the periods high. This is not the first time that I have been early by a couple of points or right around a potential stop running area. Being aware of that fact, we bettered our position 2 points higher. We did analyze the selling tail from the 8th, and was ready for a possilbe run to the top of the tail.We executed correctly by offseting the original postition for break even, keeping the better fill at the 21's. I also offset the 1st contract of the second trade from the 22's at 19.75 for 2.25 pts. I came within 2 points of the period low,never got filled on the second contract, got stopped out for a break even. I gave back 4 points from the period low to the break even point on the second contract. I would like to better that with some sort of trailing stop possibly. GAIN 2.25 PTS.
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the K period highs during M period.
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the K period highs during M period.
This was an interesting situtation, I missed a fact of yesterdays selling tail and the potential of stop running above our selling entry at the 1422's. We got 1/2pt profit on the mistake. Paradoxically it never tested above the selling tail, and that intial 1422 would have been a good trade location. The reaction observing the tail had a degree of emotion with it, forcing the liquidation, but still I think that the reality of stop running, I did the right thing, as I can always reposition. The second trade in this video, we got the 1st target for 1.25 pts, we placed a hard stop, and had the mean for the target. We never got filled at the mean, the low of the period was 2 ptss above the mean. This trade was executed correctly. After we were stopped out on our 2nd contract the market moved down about 5pts before the end of the M period. We missed the second opportunity that we should have taken. The last trade at the close was risky considering it was not an asymetrical opportunity. Not much time, the closing range was only two points. We did make 1.25 points, but I would say it was a bad trade? GAIN 2.75 PTS TOTAL GAIN FOR THE DAY 14PTS.
This was an interesting situtation, I missed a fact of yesterdays selling tail and the potential of stop running above our selling entry at the 1422's. We got 1/2pt profit on the mistake. Paradoxically it never tested above the selling tail, and that intial 1422 would have been a good trade location. The reaction observing the tail had a degree of emotion with it, forcing the liquidation, but still I think that the reality of stop running, I did the right thing, as I can always reposition. The second trade in this video, we got the 1st target for 1.25 pts, we placed a hard stop, and had the mean for the target. We never got filled at the mean, the low of the period was 2 ptss above the mean. This trade was executed correctly. After we were stopped out on our 2nd contract the market moved down about 5pts before the end of the M period. We missed the second opportunity that we should have taken. The last trade at the close was risky considering it was not an asymetrical opportunity. Not much time, the closing range was only two points. We did make 1.25 points, but I would say it was a bad trade? GAIN 2.75 PTS TOTAL GAIN FOR THE DAY 14PTS.
1/15
1/15
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. . In the following video we are in the D period looking to buy toward the open of the period.
1.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. . In the following video we are in the D period looking to buy toward the open of the period.
Opening up this trade, it was an accurate discussion regading the 5 day multiday profile's lower limit area and the lower octant level and the exercise of responsive trade at the extreme low of the distribution. In retrospect a day later, the responsive trade held true for most of the day, but not into the close. I would have been wrong if I waited until the break above the lower octant after having hit the lower limit.Our entry was was decent considering it was on a discretionary basis. I hit our 1st target for +1.25pts. Interesting observation of the cross trade above our entry, it did not affect our trade, but interesting. A more compelling observation was the high volume cluster that was identified in the video from the previous day's chart at the 97's area. 1497.25 was todays D period high, so it was a good decision to change our target offset of the second contract a couple points lower from the 99's to 96.50. GAIN 4.50 PTS
Opening up this trade, it was an accurate discussion regading the 5 day multiday profile's lower limit area and the lower octant level and the exercise of responsive trade at the extreme low of the distribution. In retrospect a day later, the responsive trade held true for most of the day, but not into the close. I would have been wrong if I waited until the break above the lower octant after having hit the lower limit.Our entry was was decent considering it was on a discretionary basis. I hit our 1st target for +1.25pts. Interesting observation of the cross trade above our entry, it did not affect our trade, but interesting. A more compelling observation was the high volume cluster that was identified in the video from the previous day's chart at the 97's area. 1497.25 was todays D period high, so it was a good decision to change our target offset of the second contract a couple points lower from the 99's to 96.50. GAIN 4.50 PTS
2. .Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the C period lows during the E period.ES MP GLBX DS IS JANUARY 2008
2. .Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the C period lows during the E period.ES MP GLBX DS IS JANUARY 2008
A good observation of the missed trade under the C period low, I didnt give up though and got a shot at a decent trade location. Agian, keeping in mind the above converstion regarding the Lower Limits and Octant on the 5 multiday profile. Good note regarding the positive delta's during the down reversal columns. (columns that have little red triangles in the horizontal line at the top of the chart, the same line as the time line). The first trade was a bit early after I missed the 91's initially, hence the 93.50 fill, we did get better trade location at the 91.25's. Note I was prepared for a push into the stops if needed, but saw the opportunity and cross trade at 91.25. Considering the trade had the possiblity of trading below the low of 1/9/08 @1385, (below the lower limits of the multiday distribution) carrying the 93's and 91's down with me was not a good thing,as on a quick break the market could have run the stops to 83 at least. If that happened, you might say it was a breakout downward. Considering our avg before any break was 92 that is almost a 10 point break, and could have been swift and contined a ways futher even. If you bought 2 more at the 85, your out for breakeven on the 6 lot is 89.50. If I found myself in that position, I would get out at 89.50 and call it even. Loot to repostion for a short. I dont like the last exit strategy extending 10 pts, considering we are at a critical low. On the other hand that same point, being at a critical low, should afford a retracement to minimize the loss. I will temper that thought considering that since we are in a 5 day balance, we expect a rotation toward the mean, in other words, the status quo until it changes. (Breakout downward) Interestingly the above strategy is different from the one in the video, as I was more inclined to take the loss even though I spoke about the stop running and new about the 5 day balance. Talk about Confusion with out even knowing it! I will have to think about this more closely, as both points of view have +/- senerios. If you did take the loss, I think it important to reposition quickly at the first flag.(sign of opportunity). After I got out of the trade, the high of the E period was in the 94's and the F period was in the 96's. As a matter of fact, at this time we did mantain the status quo and rotated back up. After the fact, seens like I was hasty offseting the position for a 1.5 pt loss times 4 contracts, but I did see building volume,under the C period low portending a breakdown,so all in all, I think I made the right decision. Whew!! LOSS 6.50 PTS
A good observation of the missed trade under the C period low, I didnt give up though and got a shot at a decent trade location. Agian, keeping in mind the above converstion regarding the Lower Limits and Octant on the 5 multiday profile. Good note regarding the positive delta's during the down reversal columns. (columns that have little red triangles in the horizontal line at the top of the chart, the same line as the time line). The first trade was a bit early after I missed the 91's initially, hence the 93.50 fill, we did get better trade location at the 91.25's. Note I was prepared for a push into the stops if needed, but saw the opportunity and cross trade at 91.25. Considering the trade had the possiblity of trading below the low of 1/9/08 @1385, (below the lower limits of the multiday distribution) carrying the 93's and 91's down with me was not a good thing,as on a quick break the market could have run the stops to 83 at least. If that happened, you might say it was a breakout downward. Considering our avg before any break was 92 that is almost a 10 point break, and could have been swift and contined a ways futher even. If you bought 2 more at the 85, your out for breakeven on the 6 lot is 89.50. If I found myself in that position, I would get out at 89.50 and call it even. Loot to repostion for a short. I dont like the last exit strategy extending 10 pts, considering we are at a critical low. On the other hand that same point, being at a critical low, should afford a retracement to minimize the loss. I will temper that thought considering that since we are in a 5 day balance, we expect a rotation toward the mean, in other words, the status quo until it changes. (Breakout downward) Interestingly the above strategy is different from the one in the video, as I was more inclined to take the loss even though I spoke about the stop running and new about the 5 day balance. Talk about Confusion with out even knowing it! I will have to think about this more closely, as both points of view have +/- senerios. If you did take the loss, I think it important to reposition quickly at the first flag.(sign of opportunity). After I got out of the trade, the high of the E period was in the 94's and the F period was in the 96's. As a matter of fact, at this time we did mantain the status quo and rotated back up. After the fact, seens like I was hasty offseting the position for a 1.5 pt loss times 4 contracts, but I did see building volume,under the C period low portending a breakdown,so all in all, I think I made the right decision. Whew!! LOSS 6.50 PTS
3.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the E period lows during the E period moving into F period.
3.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the E period lows during the E period moving into F period.
Good reinforcement of the previous bad trade! The original entry was early, we came close to our first offset but didnt get filled. I said I wasnt going to chase the market twice!, and I did just that! We got filled at 94.25! We did observe the opportunity though to better our position at a lower price corresponding to where they hit the offer in the E colum (12:00) in the 91's. I will have to think about not having an exit target for the 2nd contract and worse than that not placing a hard stop at breakeven after we hit our 1st target.My first thought is that it is a mistake. I did benefit from the better trade location, giving back the second of the intial 2 lot a little later,(1.25 pts above our break even) after we took another 2lot a the 91's. That was one of those good mistakes as I typically would have got out of them at breakeven at 94.25, so at this point we had the second contract of the first lot make 1.25 pts, and 1 of the second 2lot make 2.5 pts, holding the final contract for an undetermined target. Arbitrarily, we offset the 2nd contract of the 91's at 95.75 after seeing cross trade up at the 97's. I was watching for increased volume on the downside, willing to take a loss, similar to the previous trade when testing the lows in the 91's. There are some anamolies with the voice over, refering to positions and offsets that should have been stated as singular, but were referred to as "both". No mistake mechanically, just didnt communicate correctly. A few mistakes made above, but i got lucky and it didnt cost me. GAIN 7.75 PTS
Good reinforcement of the previous bad trade! The original entry was early, we came close to our first offset but didnt get filled. I said I wasnt going to chase the market twice!, and I did just that! We got filled at 94.25! We did observe the opportunity though to better our position at a lower price corresponding to where they hit the offer in the E colum (12:00) in the 91's. I will have to think about not having an exit target for the 2nd contract and worse than that not placing a hard stop at breakeven after we hit our 1st target.My first thought is that it is a mistake. I did benefit from the better trade location, giving back the second of the intial 2 lot a little later,(1.25 pts above our break even) after we took another 2lot a the 91's. That was one of those good mistakes as I typically would have got out of them at breakeven at 94.25, so at this point we had the second contract of the first lot make 1.25 pts, and 1 of the second 2lot make 2.5 pts, holding the final contract for an undetermined target. Arbitrarily, we offset the 2nd contract of the 91's at 95.75 after seeing cross trade up at the 97's. I was watching for increased volume on the downside, willing to take a loss, similar to the previous trade when testing the lows in the 91's. There are some anamolies with the voice over, refering to positions and offsets that should have been stated as singular, but were referred to as "both". No mistake mechanically, just didnt communicate correctly. A few mistakes made above, but i got lucky and it didnt cost me. GAIN 7.75 PTS
I.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.n the following video we are retesting the high volume cluster at the B period around the 97's during the H period.
I.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.n the following video we are retesting the high volume cluster at the B period around the 97's during the H period.
Nice review of a mistake! Great trade not taken! Missed gain of about 6pts. N/A
Nice review of a mistake! Great trade not taken! Missed gain of about 6pts. N/A
5..Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the G period lows during the I period moving into the J period.
5..Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the G period lows during the I period moving into the J period.
We should have waited for a retest of the E period low @ the 88's not the G period @ the low 90's, even worse was the trade location at 92.50 then agian at 91.75. That was a mistake. We avg in way to close not even a point difference. This is a problem, because if we are wrong, and the market moves agianst you, your avg price is high and that is what happened. We did better our position though. We did make the correct observation regarding the accumulation of volume at the I period low, and despite the mistakes, made 4.25 pts minus 6 commisions ($30) GAIN 4.25 PTS
We should have waited for a retest of the E period low @ the 88's not the G period @ the low 90's, even worse was the trade location at 92.50 then agian at 91.75. That was a mistake. We avg in way to close not even a point difference. This is a problem, because if we are wrong, and the market moves agianst you, your avg price is high and that is what happened. We did better our position though. We did make the correct observation regarding the accumulation of volume at the I period low, and despite the mistakes, made 4.25 pts minus 6 commisions ($30) GAIN 4.25 PTS
6. .Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the E period lows during the K period.
6. .Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are retesting the E period lows during the K period.
Nice entry after missing the first opportunity. A little hesitation on the potential breakdown regarding a stop. Something to think about and get ready for the enivatable break agianst us in the future. We did follow our protocol on our target levels though. GAIN 1.25 PTS
Nice entry after missing the first opportunity. A little hesitation on the potential breakdown regarding a stop. Something to think about and get ready for the enivatable break agianst us in the future. We did follow our protocol on our target levels though. GAIN 1.25 PTS
7. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading In the following video we are testing the low for the day in K period during the L period into the M period.
7. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading In the following video we are testing the low for the day in K period during the L period into the M period.
Nice review of a missed trade! Would have been a 7 pt trade. I talked about a potential rally, (Short covering) that did take place in the M period before retracing. I did get a trade position though on the retracement before the ensuing rally. We bought 2 @ 89.25 right where the market was when I missed the first trade. Very good rotation in the L period and the M period. My comment regarding the move back toward the POC (point of control or the mean) was correct. A ten point move from the M period high, back toward and then through the mean, settling at the 88's. Missed gain of about 7 pts. N/A TOTAL GAINS FOR THE DAY 11.25 PTS
Nice review of a missed trade! Would have been a 7 pt trade. I talked about a potential rally, (Short covering) that did take place in the M period before retracing. I did get a trade position though on the retracement before the ensuing rally. We bought 2 @ 89.25 right where the market was when I missed the first trade. Very good rotation in the L period and the M period. My comment regarding the move back toward the POC (point of control or the mean) was correct. A ten point move from the M period high, back toward and then through the mean, settling at the 88's. Missed gain of about 7 pts. N/A TOTAL GAINS FOR THE DAY 11.25 PTS
1/16
1/16
1.Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we have tested the low of the globex in C period during the C period into the D period.
1.Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading. In the following video we have tested the low of the globex in C period during the C period into the D period.
Good timing for the first trade, right after the test of the globex low. 1st Target hit, Second target hit, although agian, with a rotatation within the opening minutes of the D period we got within one tick of our hard stop that was placed for a breakeven on the second contract. If I got better trade location by acting quicker, my stop wouldnt be as much in jeopardy an I could still take that first 1.25 pts. GAIN 9.00 PTS
Good timing for the first trade, right after the test of the globex low. 1st Target hit, Second target hit, although agian, with a rotatation within the opening minutes of the D period we got within one tick of our hard stop that was placed for a breakeven on the second contract. If I got better trade location by acting quicker, my stop wouldnt be as much in jeopardy an I could still take that first 1.25 pts. GAIN 9.00 PTS
2. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.. In the following video we are retesting the E period highs during the F period.
2. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.. In the following video we are retesting the E period highs during the F period.
Poor trade location at the 84's. E periods high was 86.75, so that would have been better or closer if they took it above that a bit duirng the F period, which they did by 2 ticks, we did though better our trade location, but still took the risk of going as high as 90.25 or over the A period high with stop running which makes our 84's look really bad. I should have been more patient for a retest. We did get the 87.25's though with the high of F period being 88.50. Agian, we got withing 2 points of our target at the mean, and then all the way back to the breakeven on the second contract. We gave back 6 points. I feel that is to much, and I should have taken the range from our best entry minus the target and divided that number by 2 and once we moved over say 5 points away from our entry,add that number to the current low in the move, and use that number for a trailing stop. In this case it would have gotten us an additional 3 points. The alternative is to not use the mean for a reference point, and after the 1st offset for 1.25 pts, set the next offset at 5pts from the original entry. In this case it would have got us an additional 5 points. Both are better strategys than the one employed with this trade.GAIN 2.75PTS
Poor trade location at the 84's. E periods high was 86.75, so that would have been better or closer if they took it above that a bit duirng the F period, which they did by 2 ticks, we did though better our trade location, but still took the risk of going as high as 90.25 or over the A period high with stop running which makes our 84's look really bad. I should have been more patient for a retest. We did get the 87.25's though with the high of F period being 88.50. Agian, we got withing 2 points of our target at the mean, and then all the way back to the breakeven on the second contract. We gave back 6 points. I feel that is to much, and I should have taken the range from our best entry minus the target and divided that number by 2 and once we moved over say 5 points away from our entry,add that number to the current low in the move, and use that number for a trailing stop. In this case it would have gotten us an additional 3 points. The alternative is to not use the mean for a reference point, and after the 1st offset for 1.25 pts, set the next offset at 5pts from the original entry. In this case it would have got us an additional 5 points. Both are better strategys than the one employed with this trade.GAIN 2.75PTS
3. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.. In the following video we are testing the F period high during the G period.
3. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.. In the following video we are testing the F period high during the G period.
This trade worked well, we were ready for a move above the A period high to run the stops, and would have bettered our position if necessary, but it was'nt needed. One thing though, I missed the ultimate location at 88.50 so we took 87.25, when the market moved up a point, then we took the 88.25 and gave back the 87.25's. All for a point! It is a great exercise in disipline. I applied the new target for the second contract at 5 points @ 83.25 instead of the mean at 79. Incidently during the next period (H), the low was the POC at the time @ 79!! The thing is if we would have had that as our second target, it only traded on the bid, not the ask, so we would not have gotten filled on the buy on the first time or the second time. I would have had to wait until the J period. GAIN 6.25 PTS
This trade worked well, we were ready for a move above the A period high to run the stops, and would have bettered our position if necessary, but it was'nt needed. One thing though, I missed the ultimate location at 88.50 so we took 87.25, when the market moved up a point, then we took the 88.25 and gave back the 87.25's. All for a point! It is a great exercise in disipline. I applied the new target for the second contract at 5 points @ 83.25 instead of the mean at 79. Incidently during the next period (H), the low was the POC at the time @ 79!! The thing is if we would have had that as our second target, it only traded on the bid, not the ask, so we would not have gotten filled on the buy on the first time or the second time. I would have had to wait until the J period. GAIN 6.25 PTS
4.Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/16 to observe the context in which we are trading. In the following video we are testing the K period high during the K period.
4.Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/16 to observe the context in which we are trading. In the following video we are testing the K period high during the K period.
With this trade the mistake that stands out is I didnt look at the 20 multiday profile chart that showed the 2 TPO resistance at 1398.75 on 1/15/08. Above that level were single prints during the A period on 1/15/08. All Days of Individual Profiles Combined and Segmented Day session 1.25 pt scale and Daily Volume De Looking at that area and not just on the cross trade toward the J period high today. That makes our original entry at 91.25 way early, and our 95.50 early, hence we liqudated our position for a loss on all 4 contracts thinking that we were breaking higher. There was no evidence of short covering though if you look at this color footprint chart for today, look at the total volume up at the K period highs also.ES FP 1D TV COLOR JAN 2008 If I would have recogized that area, our 95's werent bad, and it was down from there about 10 points from where we were stopped out.. A bit of lack of disipline and awareness in this trade, and it was the high for the day! Very Poor execution with the trade, good observation of the missed opportunity after the loss. LOSS: 8.25
With this trade the mistake that stands out is I didnt look at the 20 multiday profile chart that showed the 2 TPO resistance at 1398.75 on 1/15/08. Above that level were single prints during the A period on 1/15/08. All Days of Individual Profiles Combined and Segmented Day session 1.25 pt scale and Daily Volume De Looking at that area and not just on the cross trade toward the J period high today. That makes our original entry at 91.25 way early, and our 95.50 early, hence we liqudated our position for a loss on all 4 contracts thinking that we were breaking higher. There was no evidence of short covering though if you look at this color footprint chart for today, look at the total volume up at the K period highs also.ES FP 1D TV COLOR JAN 2008 If I would have recogized that area, our 95's werent bad, and it was down from there about 10 points from where we were stopped out.. A bit of lack of disipline and awareness in this trade, and it was the high for the day! Very Poor execution with the trade, good observation of the missed opportunity after the loss. LOSS: 8.25
5. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/16 to observe the context in which we are trading. In the following video we are testing the period L high during the L period.
5. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/16 to observe the context in which we are trading. In the following video we are testing the period L high during the L period.
Good review of the previous trades missed opportunity in the opening remarks of this video. In this trade we got our 1st target, missed our 2nd target by 2 ticks. If we would have targeted 5 points from entry on our second contract, I would have made 2 points additionally, compared to the trailing stop that we used. Interestingly the next period M, the high of the period would have stopped us out for a breakeven on the second contract. The best trade of the day came at the M period high, but we werent trading. Good trade execution implementing the trailing stop strategy. There was a error in my speech, I said buy when I should have said Sell. GAIN: 4.25PTS TOTAL GAIN FOR THE DAY 13.75 PTS.
Good review of the previous trades missed opportunity in the opening remarks of this video. In this trade we got our 1st target, missed our 2nd target by 2 ticks. If we would have targeted 5 points from entry on our second contract, I would have made 2 points additionally, compared to the trailing stop that we used. Interestingly the next period M, the high of the period would have stopped us out for a breakeven on the second contract. The best trade of the day came at the M period high, but we werent trading. Good trade execution implementing the trailing stop strategy. There was a error in my speech, I said buy when I should have said Sell. GAIN: 4.25PTS TOTAL GAIN FOR THE DAY 13.75 PTS.
1/17
1/17
1. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading..In the following video we are testing the period C low during the E period.
1. Open another browser window and open the CHART BOOK to find the Market Profile chart GLBX DS .25 for the days context in which i am trading..In the following video we are testing the period C low during the E period.
Interesting observation early about the days structure, that being a trend day. The trade only made 1.25 points, but was executed correctly. The thing is, besides the execution being done correctly, the reason for the trade was only partially correct. I had no reference point to compare, only the cross trade and associated chart elements. This is interesting and shows potential on a few levels, both in terms of timeframe and trading frequency. GAIN: 1.25 PTS
Interesting observation early about the days structure, that being a trend day. The trade only made 1.25 points, but was executed correctly. The thing is, besides the execution being done correctly, the reason for the trade was only partially correct. I had no reference point to compare, only the cross trade and associated chart elements. This is interesting and shows potential on a few levels, both in terms of timeframe and trading frequency. GAIN: 1.25 PTS
2.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the E period low during the E period into the F period.
2.Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are testing the E period low during the E period into the F period.
The first observation is that we were in the end of the E period, yet we had no reference point for buying the low of the E going into the F, expecting a 5 point retracement during the remainder or the start of F was farfetched. F period only moved up slightly and continued the trend the E period started. After the 3TPO consolidation during B,C, D periods ES MP GLBX DS IS JANUARY 2008 there was a high probability that F would continue. The cross trade did give us a 1.25pts though. A degree of intutition is present when watching the cross trade and only asking the market for 1.25pts. This style certainly helps to be disiplined.The beauty of trading at least 2 lots is the taking of the first 1.25 pts with a breakeven stop on the second contract. You can be more active if you do not have a reference point to compare and are just baseing your decisions on other criteria, say delta's or intutition. I find much opportunity awaits when I can utilize reference points for trade location and optimize a move greater then 1 or 5 points. That being said, I am experienceing trades that gain and dont lose but are not optimized. I guess a win~win senerio, The reality of winning, the potential of subliming winning. GAIN: 1.25 PTS
The first observation is that we were in the end of the E period, yet we had no reference point for buying the low of the E going into the F, expecting a 5 point retracement during the remainder or the start of F was farfetched. F period only moved up slightly and continued the trend the E period started. After the 3TPO consolidation during B,C, D periods ES MP GLBX DS IS JANUARY 2008 there was a high probability that F would continue. The cross trade did give us a 1.25pts though. A degree of intutition is present when watching the cross trade and only asking the market for 1.25pts. This style certainly helps to be disiplined.The beauty of trading at least 2 lots is the taking of the first 1.25 pts with a breakeven stop on the second contract. You can be more active if you do not have a reference point to compare and are just baseing your decisions on other criteria, say delta's or intutition. I find much opportunity awaits when I can utilize reference points for trade location and optimize a move greater then 1 or 5 points. That being said, I am experienceing trades that gain and dont lose but are not optimized. I guess a win~win senerio, The reality of winning, the potential of subliming winning. GAIN: 1.25 PTS
3. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/17 to observe the context in which we are trading. In the following video we are testing the F period low during the F period.
3. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/17 to observe the context in which we are trading. In the following video we are testing the F period low during the F period.
Interestingly this trade has some of the elements that were discussed above regarding trade location in the context of finding a low before a retracement. This trade worked, but I have to better the position that worked once agian. I did get in early and agian had no reference points, just intutition and charting elements like cross trade and deltas. A problem though , I am talking about the day trending down, yet I am looking for bottoms before retracements. Talk about Cognitive Dissonance! In all fairness I am speaking about the goal of getting short on retracements, I just havent yet! Yet the trade worked because we followed our protocol and followed our approach with a consistant application of our methodology and a understanding of market rotations. What a wild thing to make this many errors and still be above water. GAIN 6.25
Interestingly this trade has some of the elements that were discussed above regarding trade location in the context of finding a low before a retracement. This trade worked, but I have to better the position that worked once agian. I did get in early and agian had no reference points, just intutition and charting elements like cross trade and deltas. A problem though , I am talking about the day trending down, yet I am looking for bottoms before retracements. Talk about Cognitive Dissonance! In all fairness I am speaking about the goal of getting short on retracements, I just havent yet! Yet the trade worked because we followed our protocol and followed our approach with a consistant application of our methodology and a understanding of market rotations. What a wild thing to make this many errors and still be above water. GAIN 6.25
4. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.In the following video we are testing the end of H period to I period.
4. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading.In the following video we are testing the end of H period to I period.
The news item Ispoke about did not affect the outcome of the day. I think I didnt follow my intutition and let the news affect my trading decision. It is the first time that I spoke about the market rallying because of short covering or for some other purposes based on the news story that broke. In fact the short trade location was at the high of the I period! The trade location was not suited for an asymmetrical trade, I hear myself talking what the market should do. Thats a problem. Reference points are the key. We only got our 1.25 pt, not our second target and our trade location was in the middle of the I period range. I dont remember if I was at the desk, but the high of the I period stopped right before the volume cluster of the B-E congestion, just under the E period high. This is the retracement I should have been looking for, as I was talking about the expectation of it all day, for a short expecting further selling. It was a 10 pt retracement from the F period low.Poor trade, Not focused with missed opportunity. GAIN 1.25PTS
The news item Ispoke about did not affect the outcome of the day. I think I didnt follow my intutition and let the news affect my trading decision. It is the first time that I spoke about the market rallying because of short covering or for some other purposes based on the news story that broke. In fact the short trade location was at the high of the I period! The trade location was not suited for an asymmetrical trade, I hear myself talking what the market should do. Thats a problem. Reference points are the key. We only got our 1.25 pt, not our second target and our trade location was in the middle of the I period range. I dont remember if I was at the desk, but the high of the I period stopped right before the volume cluster of the B-E congestion, just under the E period high. This is the retracement I should have been looking for, as I was talking about the expectation of it all day, for a short expecting further selling. It was a 10 pt retracement from the F period low.Poor trade, Not focused with missed opportunity. GAIN 1.25PTS
5. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/17 to observe the context in which we are trading. In the following video we are still in the I period, right after the last trade. There is no video for this trade, techincal difficulties.
5. Open another browser window and click on this link ES MP GLBX DS IS JANUARY 2008 and scroll to 1/17 to observe the context in which we are trading. In the following video we are still in the I period, right after the last trade. There is no video for this trade, techincal difficulties.
The commentary for the previous trade is applicable. The same mistakes were repeated. Only the 1st target was hit, 2nd was breakeven. GAIN 1.25 PTS
The commentary for the previous trade is applicable. The same mistakes were repeated. Only the 1st target was hit, 2nd was breakeven. GAIN 1.25 PTS
6. . In the following video we are in the J period going into the K period, testing the F period low. There is no video for this trade, techincal difficulties.
6. . In the following video we are in the J period going into the K period, testing the F period low. There is no video for this trade, techincal difficulties.
This trade was all wrong also, having talked about the trend day down, I am still trying to buy a low of the period. I was wrong, had to better the position by a point and only got our 1st target filled. Break even on the second one. I should be looking to sell rallies like that in the I period or any inner rotation within the respective period. GAIN 1.25 PTS
This trade was all wrong also, having talked about the trend day down, I am still trying to buy a low of the period. I was wrong, had to better the position by a point and only got our 1st target filled. Break even on the second one. I should be looking to sell rallies like that in the I period or any inner rotation within the respective period. GAIN 1.25 PTS
7. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are in the K period testing J periods low.
7. Open another browser window and open the CHART BOOK to find the Foot Print Volume at Price ES FP TV chart for the days context in which i am trading. In the following video we are in the K period testing J periods low.
Wow, I am still talking about the news regarding the options expiring on friday that are currently in the money, this information has had a severe affect on my original correct assessment of the market structure. We are still trying to buy the low,and not looking to sell rallies. We bettered our position and caught a rotation upward for 2.25 pts. The second contract of the second trade was breakeven. Since my though process was skewd, i had a target 10 pts away from our buy entry. Interestingly if I would have had a 5 point target for the second contract, I would have gotten filled before the final 15 point decline from here to the close. Lessons experienced, how many more until they are learned?! GAIN 2.25 PTS TOTAL GAIN FOR THE DAY 14.75 PTS
Wow, I am still talking about the news regarding the options expiring on friday that are currently in the money, this information has had a severe affect on my original correct assessment of the market structure. We are still trying to buy the low,and not looking to sell rallies. We bettered our position and caught a rotation upward for 2.25 pts. The second contract of the second trade was breakeven. Since my though process was skewd, i had a target 10 pts away from our buy entry. Interestingly if I would have had a 5 point target for the second contract, I would have gotten filled before the final 15 point decline from here to the close. Lessons experienced, how many more until they are learned?! GAIN 2.25 PTS TOTAL GAIN FOR THE DAY 14.75 PTS
1/18
1/18
1. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the G period testing E period high .
1. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the G period testing E period high .
Even though this trade worked according to plan, I took to long to recognize what the E period high was. That error got us in early. Even the second set of 2 contracts were early. I must look at the larger profile as well as the expanded 5tick reversal chart. We got 1.25pts on the first, break even on the other 3. We did get right back short in the next video which occurs in the same G period. GAIN 1.25pts
Even though this trade worked according to plan, I took to long to recognize what the E period high was. That error got us in early. Even the second set of 2 contracts were early. I must look at the larger profile as well as the expanded 5tick reversal chart. We got 1.25pts on the first, break even on the other 3. We did get right back short in the next video which occurs in the same G period. GAIN 1.25pts
This is the second trade in the first video. This trade worked according to plan. I got better trade location at the high of the period, and readjusted my stop based on parallel analysis siting initiative buying at the 27's. Paradoxically, I for a moment, I was still going to wait for the 27's! I got my mind back and finally moved the stop.GAIN 5.25PTS
This is the second trade in the first video. This trade worked according to plan. I got better trade location at the high of the period, and readjusted my stop based on parallel analysis siting initiative buying at the 27's. Paradoxically, I for a moment, I was still going to wait for the 27's! I got my mind back and finally moved the stop.GAIN 5.25PTS
2. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the end of H period high approachng the F period low.
2. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the end of H period high approachng the F period low.
I mentioned that the previous 2 trades that we took 6+ points on, The rangedof that G-H period was 12 pts, with many rotations. I could have had filled lower than the 27's that I had planned, but here we are over 12pts from our short. Looking to buy somewhere down here toward the F period low. we waited for the retest of the H period low but did not get it, so I took the 24's, about 4 points off of the low in H period sensing a break toward the POC. There was not much cross trade at the 20's for an earlier entry. The trade still worked according to plan. I moved the stop up when I saw the cross trade up at the 27's, Good move, otherwise I would have gotten stopped out. GAIN 3.75 PTS
I mentioned that the previous 2 trades that we took 6+ points on, The rangedof that G-H period was 12 pts, with many rotations. I could have had filled lower than the 27's that I had planned, but here we are over 12pts from our short. Looking to buy somewhere down here toward the F period low. we waited for the retest of the H period low but did not get it, so I took the 24's, about 4 points off of the low in H period sensing a break toward the POC. There was not much cross trade at the 20's for an earlier entry. The trade still worked according to plan. I moved the stop up when I saw the cross trade up at the 27's, Good move, otherwise I would have gotten stopped out. GAIN 3.75 PTS
3. Open another browser window and click on the CHART BOOK and open some charts for reference. . In the following video we are in the K period testing the F period low .
3. Open another browser window and click on the CHART BOOK and open some charts for reference. . In the following video we are in the K period testing the F period low .
I was patient when I missed the 19's but didnt wait long enough and got in at least 2 pts early. I bettered the position by 2 points and the trade worked, but more patience is needed. I am sticking to our protocol though. We didnt make much on the trade, but I was buying around the low of the K period, (within 4 points of the periods low) the nex two periods ( L & M) rallied up 10+ points! We did follow our rules, I just didnt get back in. GAIN 1.50PTS
I was patient when I missed the 19's but didnt wait long enough and got in at least 2 pts early. I bettered the position by 2 points and the trade worked, but more patience is needed. I am sticking to our protocol though. We didnt make much on the trade, but I was buying around the low of the K period, (within 4 points of the periods low) the nex two periods ( L & M) rallied up 10+ points! We did follow our rules, I just didnt get back in. GAIN 1.50PTS
This is the second trade in this video. I got good trade location toward the end of the K period. I did miss the opportunity to get out when we missed the exit on the second contract by 2 ticks, there was cross trade there. I caught the opportunity on the other trade spoken about earlier, but lacked the concentration to do it again. I will be on the lookout in the future for that. I did get stopped out on the second contract for break even and after that the market rallied! I didnt get a chance to better the position, and didnt get to our target on the second contract. I mised it by 2 ticks. GAIN 1.50pts
This is the second trade in this video. I got good trade location toward the end of the K period. I did miss the opportunity to get out when we missed the exit on the second contract by 2 ticks, there was cross trade there. I caught the opportunity on the other trade spoken about earlier, but lacked the concentration to do it again. I will be on the lookout in the future for that. I did get stopped out on the second contract for break even and after that the market rallied! I didnt get a chance to better the position, and didnt get to our target on the second contract. I mised it by 2 ticks. GAIN 1.50pts
TOTAL GAIN FOR THE DAY 13.25 pts
TOTAL GAIN FOR THE DAY 13.25 pts
1/22
1/22
1. Open another browser window and click on the CHART BOOK and open some charts for reference.. In the following video we are in the end of G period entering the H period testing the E period high .
1. Open another browser window and click on the CHART BOOK and open some charts for reference.. In the following video we are in the end of G period entering the H period testing the E period high .
The volume all day was erratic. This trade was early. I did highlight the D period tail though and was prepared to better the position above our entry at the 17's. The H period high went all the way up to the 22's. The 17's were about 1.5 points above the E period high so I got a retracement down to get my 1.25 pts. In the next video I get right back in at a better price, but still about 6 points from the high of the period. GAIN 1.25 PTS
The volume all day was erratic. This trade was early. I did highlight the D period tail though and was prepared to better the position above our entry at the 17's. The H period high went all the way up to the 22's. The 17's were about 1.5 points above the E period high so I got a retracement down to get my 1.25 pts. In the next video I get right back in at a better price, but still about 6 points from the high of the period. GAIN 1.25 PTS
This is the second trade in the first video. We are in the H period testing the H period high. I get in early agian, but made the 1.25 pts, I love that strategy. There is always opportunity. GAIN 1.25 PTS
This is the second trade in the first video. We are in the H period testing the H period high. I get in early agian, but made the 1.25 pts, I love that strategy. There is always opportunity. GAIN 1.25 PTS
As a point in the video at 7:45 you will see I missed another shot up near 20's. If filled it would have been a winner as the market rotated down 7 points from that area. I also missed the I period retracement back up to the 16's. When the I period hit 1316.75, it rotated back down toward the mean by 7 points in 2 minutes. This was the volatility all day.
As a point in the video at 7:45 you will see I missed another shot up near 20's. If filled it would have been a winner as the market rotated down 7 points from that area. I also missed the I period retracement back up to the 16's. When the I period hit 1316.75, it rotated back down toward the mean by 7 points in 2 minutes. This was the volatility all day.
2. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the L period testing the volume cluster during the globex session over night.
2. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the L period testing the volume cluster during the globex session over night.
I got in early, bettered our position and the trade worked well. One point of observation was to look at the total volume at price or the Bid Ask price charts to see any potential stopping point. I dont think I did that. Good observation of the change of our target from the 09's to the 10's. The 09's would not have gotten filled. GAIN 11.75 PTS
I got in early, bettered our position and the trade worked well. One point of observation was to look at the total volume at price or the Bid Ask price charts to see any potential stopping point. I dont think I did that. Good observation of the change of our target from the 09's to the 10's. The 09's would not have gotten filled. GAIN 11.75 PTS
3. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in M period testing the D period high.
3. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in M period testing the D period high.
This trade worked well, excellent trade location right at the high of M period. Nice trade. I did talk about a trailing stop methodology that wont work, so I need to revisit that. It is discussed in the video. I did apply on this trade what I spoke about earlier when I missed the opportunity, that being the adjustment of our exit strategy based on cross trade with incoming data. Interestingly, after a brief bounce off of that cross trade, the M period low did make it down to 1311! N period got even lower. GAIN 8.75 PTS
This trade worked well, excellent trade location right at the high of M period. Nice trade. I did talk about a trailing stop methodology that wont work, so I need to revisit that. It is discussed in the video. I did apply on this trade what I spoke about earlier when I missed the opportunity, that being the adjustment of our exit strategy based on cross trade with incoming data. Interestingly, after a brief bounce off of that cross trade, the M period low did make it down to 1311! N period got even lower. GAIN 8.75 PTS
TOTAL GAIN FOR THE DAY 23PTS
TOTAL GAIN FOR THE DAY 23PTS
1/23
1/23
1. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the F period testing the E period low .
1. Open another browser window and click on the CHART BOOK and open some charts for reference. In the following video we are in the F period testing the E period low .
There was some technical issues with this video ending early. The trade worked well, got both targets filled. GAIN 6.25 PTS
There was some technical issues with this video ending early. The trade worked well, got both targets filled. GAIN 6.25 PTS
2. Open another browser window and click on the CHART BOOK and open some charts for reference.. In the following video we are in I period high entering the J period.
2. Open another browser window and click on the CHART BOOK and open some charts for reference.. In the following video we are in I period high entering the J period.
This trade worked well, although I was a couple of points early I bettered the position. GAIN 6 PTS
This trade worked well, although I was a couple of points early I bettered the position. GAIN 6 PTS
3. Open another browser window and click on the CHART BOOK and open some charts for reference.In the following video we are in J period testing the I period high.
3. Open another browser window and click on the CHART BOOK and open some charts for reference.In the following video we are in J period testing the I period high.
In retrospect, this short trade in the J period was about 45 points from the close on the high of the day, as we will see in some videos to come. I was 45 points to early on this one! The better trade location was 10 pts higher into the 1307's at the opening of K period. To much risk, wrong trade location. GAIN 2.25 PTS
In retrospect, this short trade in the J period was about 45 points from the close on the high of the day, as we will see in some videos to come. I was 45 points to early on this one! The better trade location was 10 pts higher into the 1307's at the opening of K period. To much risk, wrong trade location. GAIN 2.25 PTS
4. In the following video we are in J period testing the C period high. Then the second trade is in the end of J period testing the J period high leading into K period.
4. In the following video we are in J period testing the C period high. Then the second trade is in the end of J period testing the J period high leading into K period.
Agian in retrospect this short trade was similair in nature to that one previous. GAIN 1.25PTS
Agian in retrospect this short trade was similair in nature to that one previous. GAIN 1.25PTS
There are signs of short covering that I did not see on the way up toward the 07's that I spoke about early that proved after the fact to be a conversion area from a previous shorted area, to a conversion area leading to short covering in the period after this one. This trade worked well although I was early, and should have waited for the 07's the first time. GAIN 7.75 PTS
There are signs of short covering that I did not see on the way up toward the 07's that I spoke about early that proved after the fact to be a conversion area from a previous shorted area, to a conversion area leading to short covering in the period after this one. This trade worked well although I was early, and should have waited for the 07's the first time. GAIN 7.75 PTS
5. In the following video we are in the L period testing the L period high.
5. In the following video we are in the L period testing the L period high.
I was on the wrong side of a short covering rally. One two occasions we came within a tick or two of getting our 1st targets, and then later we had and out for even on two different occasions that in retrospect looked appealing second time round! I should have recognized the possible conversion of 1/22 consolidation area and been aware to a short covering rally. I did though get out at our 4% threshold. The next move was more deadly, I made the same mistake right away! I should have taken a break and looked at the picture agian. To much talk not enough thought or preparation. LOSS45.5 PTS
I was on the wrong side of a short covering rally. One two occasions we came within a tick or two of getting our 1st targets, and then later we had and out for even on two different occasions that in retrospect looked appealing second time round! I should have recognized the possible conversion of 1/22 consolidation area and been aware to a short covering rally. I did though get out at our 4% threshold. The next move was more deadly, I made the same mistake right away! I should have taken a break and looked at the picture agian. To much talk not enough thought or preparation. LOSS45.5 PTS
TOTAL LOSS FOR THE DAY 22 PTS
TOTAL LOSS FOR THE DAY 22 PTS
1/24
1/24
This video had techincal difficulties.
This video had techincal difficulties.
1. In the following video we are in the G period testing the LINE that was made in the 40's.
1. In the following video we are in the G period testing the LINE that was made in the 40's.
1st Target hit. GAIN 1.25 PTS
1st Target hit. GAIN 1.25 PTS
2. In the following video we are in the G period testing the C and D period lows.
2. In the following video we are in the G period testing the C and D period lows.
The trade worked well, 1st and 2nd target hit GAIN 6.25 PTS
The trade worked well, 1st and 2nd target hit GAIN 6.25 PTS
3. In the following video we are in the N period testing the M period high.
3. In the following video we are in the N period testing the M period high.
This trade was high risk low reward. Break even didnt even hit the first target. NO GAIN
This trade was high risk low reward. Break even didnt even hit the first target. NO GAIN
TOTAL GAIN FOR THE DAY 7.50 PTS
TOTAL GAIN FOR THE DAY 7.50 PTS
1/28
1/28
1. In the following video we are in the end of the H period leading into the I period. Then the second trade is in the J period testing the H period high.
1. In the following video we are in the end of the H period leading into the I period. Then the second trade is in the J period testing the H period high.
1st and 2nd target hit. I came within 1 tick of break even before the 2nd target was hit. There is opportunity if I get stopped out before the 2nd target is hit, to get back in before the break. On most break evens on the 2nd contract, the market then moves in the anticipated direction. GAIN 6.25 PTS
1st and 2nd target hit. I came within 1 tick of break even before the 2nd target was hit. There is opportunity if I get stopped out before the 2nd target is hit, to get back in before the break. On most break evens on the 2nd contract, the market then moves in the anticipated direction. GAIN 6.25 PTS
This second trade, the first target was hit, but the K period high was about 3 pts above our intial entry before the break in the L period down to the 39's from the 48's. Missed opportunity, small gain. Gain 1.25PTS
This second trade, the first target was hit, but the K period high was about 3 pts above our intial entry before the break in the L period down to the 39's from the 48's. Missed opportunity, small gain. Gain 1.25PTS
2. In the following video we are in the beginning of the K period testing the J period.
2. In the following video we are in the beginning of the K period testing the J period.
I hit both our targets on this trade, A very good example of the retest of the 50's area after I got filled short, but didnt get to the first target. If you missed the first entry as was highlighted on the video, you had a nice second chance to sell the K period high rotating ultimatley to the L period low, over 10 pts lower. GAIN 6.25 PTS
I hit both our targets on this trade, A very good example of the retest of the 50's area after I got filled short, but didnt get to the first target. If you missed the first entry as was highlighted on the video, you had a nice second chance to sell the K period high rotating ultimatley to the L period low, over 10 pts lower. GAIN 6.25 PTS
TOTAL GAIN FOR THE DAY 13.75 PTS
TOTAL GAIN FOR THE DAY 13.75 PTS
1/29
1/29
1. In the following video we are in the end of the L period , testing the L period high, leading into the M period.
1. In the following video we are in the end of the L period , testing the L period high, leading into the M period.
Good trade management recognizing real time resistance forming 3 ticks above our 2 target level. We got filled on our second contract at the newly targeted area. The price never would have gotten filled at the original target. GAIN 5.50 PTS
Good trade management recognizing real time resistance forming 3 ticks above our 2 target level. We got filled on our second contract at the newly targeted area. The price never would have gotten filled at the original target. GAIN 5.50 PTS
TOTAL GAIN FOR THE DAY 5.50PTS
TOTAL GAIN FOR THE DAY 5.50PTS
1/30
1/30
1. In the following video we are in the beginning of the E period testing the D period low.
1. In the following video we are in the beginning of the E period testing the D period low.
During the next three trades we had great trade location near the low of the E period in earch one, but didnt maximize the trade during the periods rotation or the move up in the J, K, L period up by 40 points! 1st target was hit. In the second trade we are in the E period retesting the E period low. 1st target was hit. In the third trade we are in the E period retesting the E period low. 1st target was hit, and I tool 1.75 on the second contract trying to protect some profit. Agian good trade location as it was the low of the day after this point untill the M period selloff. GAIN 4.50PTS
During the next three trades we had great trade location near the low of the E period in earch one, but didnt maximize the trade during the periods rotation or the move up in the J, K, L period up by 40 points! 1st target was hit. In the second trade we are in the E period retesting the E period low. 1st target was hit. In the third trade we are in the E period retesting the E period low. 1st target was hit, and I tool 1.75 on the second contract trying to protect some profit. Agian good trade location as it was the low of the day after this point untill the M period selloff. GAIN 4.50PTS
2. In the following video we are in the L period , testing the L period low.
2. In the following video we are in the L period , testing the L period low.
I got the first target quickly then stopped out for break even. I wanted to stay long, and a good reason to, I just didnt get back in on this one. We are buying near the period low though. The L period high was 10 points above our entry. One the second trade I payed a higher price but got the 1st target. Same thing on the third trade in this L period, matter of fact I got a great trade location right at the low of the L period. I only got the 1st target though before our breakeven stop was hit.Good reference to volume clusters. Just need to get back in and keep trying to get to the targets. There was at least 5 minutes to retest the lows agian at the turning point at the L period lows onto the highs in the latter L period into the big selloff in the M and N periods. GAIN 3.75 PTS.
I got the first target quickly then stopped out for break even. I wanted to stay long, and a good reason to, I just didnt get back in on this one. We are buying near the period low though. The L period high was 10 points above our entry. One the second trade I payed a higher price but got the 1st target. Same thing on the third trade in this L period, matter of fact I got a great trade location right at the low of the L period. I only got the 1st target though before our breakeven stop was hit.Good reference to volume clusters. Just need to get back in and keep trying to get to the targets. There was at least 5 minutes to retest the lows agian at the turning point at the L period lows onto the highs in the latter L period into the big selloff in the M and N periods. GAIN 3.75 PTS.
3. In the following video we are in the Globex period , N into P period.
3. In the following video we are in the Globex period , N into P period.
Not much action or liquidity. risky trade. GAIN 2.50PTS
Not much action or liquidity. risky trade. GAIN 2.50PTS
TOTAL GAIN FOR THE DAY 10.75 PTS
TOTAL GAIN FOR THE DAY 10.75 PTS
1/31
1/31
1. In the following video we are in the E period.
1. In the following video we are in the E period.
This was a poor trade, after identifying the high volume cluster that was resistance up 4 points above where I got short, I didnt even get our 1st target. It was also in the lower portion of the E period. I did short agian at 67, and that wasnt even enough. I took two more at 74 which put our out for even on all contracts at the 67's. I would say the last 2 contracts was great trade location for it was at the E period high, I got lucky on the breakeven, and did take the opportunity to get out. The M period latter on was up to the mid 80's. The next period F, went as low as 62's! GAIN .75 PTS
This was a poor trade, after identifying the high volume cluster that was resistance up 4 points above where I got short, I didnt even get our 1st target. It was also in the lower portion of the E period. I did short agian at 67, and that wasnt even enough. I took two more at 74 which put our out for even on all contracts at the 67's. I would say the last 2 contracts was great trade location for it was at the E period high, I got lucky on the breakeven, and did take the opportunity to get out. The M period latter on was up to the mid 80's. The next period F, went as low as 62's! GAIN .75 PTS
2. In the following video we are in the end of the G period leading into the H period, testing its low.
2. In the following video we are in the end of the G period leading into the H period, testing its low.
The structure of the day was correctly identified, but I didnt get our 2nd target, and didnt get back in. Good commentary. The second trade was similar, I got the 1st target only, same thing onthe third trade execpt I got the 1st and 2nd targets after moving the 2nd target. In retrospect I was buying the lows of the lunch time session, if only I held on! GAIN 8.25 PTS
The structure of the day was correctly identified, but I didnt get our 2nd target, and didnt get back in. Good commentary. The second trade was similar, I got the 1st target only, same thing onthe third trade execpt I got the 1st and 2nd targets after moving the 2nd target. In retrospect I was buying the lows of the lunch time session, if only I held on! GAIN 8.25 PTS
3. In the following video we are in the I period.
3. In the following video we are in the I period.
I made a mistake trading counter trend, so I took a small loss. loss 75 PTS In the next trade we are in the J period I got back on the long side, 1st target hit. Similar trade on the third try, execpt I took a couple of points on the second contract. In retrospect, all three J period trades were in good locaton as the K and L periods were higher. I mentioned even that the losing trade would have been a small winner. Overall I did the right thing taking the loss. GAIN 4 PTS
I made a mistake trading counter trend, so I took a small loss. loss 75 PTS In the next trade we are in the J period I got back on the long side, 1st target hit. Similar trade on the third try, execpt I took a couple of points on the second contract. In retrospect, all three J period trades were in good locaton as the K and L periods were higher. I mentioned even that the losing trade would have been a small winner. Overall I did the right thing taking the loss. GAIN 4 PTS
4. In the following video we are in the K period testing the E period high.
4. In the following video we are in the K period testing the E period high.
Agian, 1st target hit, breakeven on the second. On the second trade we were testing the K period high leading into L period. Ihit the 1st and 2nd target after moving the second target. We could have held on for a larger gain as we offset at the low of the L period! 1st target was hit on the third trade, and the forth trade was on the wrong side of the markets as the high was about 10 pts above our entry. I got lucky and hit our 1st target then broke even on the second contract. The M period broke above the upper limits on the 5 day distribution. I talk about the 80's as a target for these 70's fill, the high of the day was in the high 80's!
Agian, 1st target hit, breakeven on the second. On the second trade we were testing the K period high leading into L period. Ihit the 1st and 2nd target after moving the second target. We could have held on for a larger gain as we offset at the low of the L period! 1st target was hit on the third trade, and the forth trade was on the wrong side of the markets as the high was about 10 pts above our entry. I got lucky and hit our 1st target then broke even on the second contract. The M period broke above the upper limits on the 5 day distribution. I talk about the 80's as a target for these 70's fill, the high of the day was in the high 80's!
TOTAL GAIN FOR THE DAY 19.75 PTS
TOTAL GAIN FOR THE DAY 19.75 PTS
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