Tuesday +3.2

Mediocre trading today..

Monday +6

Too many trades for the pips, but came out +, so I shouldn't whine.

Didn't trust the setup that I have been watching lately and as a result didn't get the pips that I should have.

Friday +6

Ended OK...the wins were to small for the loss..but ended alright.
Better week trading than last week.

Thursday +6.5

Better day overall. The trade at 10:48 was a highlight to see fly..
This type of trade working sheds light on some of my other 156 trades not working.

Wednesday +5

Just a couple shorts today. Both trades off pullbacks of the longer term trend. Could have held for more certainly.

Monday +1.7

Two little trades today, 1 +, 1 -.
Hesitant in my trading after last week's action.

Friday -1.8

Tough market...tough day trading, ending early.
Tough week overall. Setup not working this week. Not sure what is going on.
With trend, no good. With SR no good.
Price couldn't give a damn about the WMA lines I have come to love.

Thursday -4.7

Tough day trading. Waves not cresting where I expect, making add ins necessary.

Wednesday +6.3

Whirlwind of a session. I did not mark or post the first trade of the day. It was a nerve frier, and after I was out just over BE, I had to walk away, take a shower and not look at the charts. Nothing to learn from it, other than what I already know - don't trade into the daily high.

Didn't get any of my typical 156 trades.

Monday +3.5

Just one trade today. Was apprehensive about taking some of the possible entries as market had run so far short...

Today's Trading Review

Something that I have been doing after a few sessions each week is rolling back through the charts from my trading session of 8-11am and just stepping head slowly through the tick chart and marking trades off as if I had no other information (no other charts)

Typically, it shows me that there are more trade possibilities than what I am taking, and reminds me how quality the 156 wma works with the elasticity of the market.

Today was no exception, and I think I will begin posting these on occasion just to continue to see the possibilities and get more pips out of each session.

I am trying to mitigate the possibilities of negative trades by exiting if price goes all the way to the 377, and the 377wma is more than 4 or so pips away. I view the 377 as another 'stretch-to' point and know that it may turn around right back at the spot where I entered and begin a reversal.

Looking at this chart, there were 19 possibilities, with 13 successful trades, and 1 of the BE that may or may not have panned. Several of the BE trades could have been profit following the method that I mention in the above paragraph. There may be a better way to mitigate losses, but for now, I will stick with the above method, even if it left pips on the table in this particular session.

Friday +12.5

Good end to the week. Definitely missed some opportunites this AM, but news was happening and there was some fast market moves that I don't mind that I didn't get caught in.

Thursday +17.8

Reasonable day trading. There was a big push up when I didn't get any setups, and skipped a few opportunities just because the market was moving without regular pullbacks...no addins.

Wednesday +10.6

Difficult session. Got some pips and managed the trades, but pullbacks were not at the lengthI hope to see them at. Guessing general market direction correct, at the wrong times.

Tuesday +12.1

Market was a bit difficult for me to trade today. A lot of action (or lack of) that was hard for me to see a trade in.

Another Pullback I am watching

I have had the 1min up for awhile now...not sure what prompted it in the first place.

What I am noticing is how effective it is as an indicator. I do not know exactly how I should be trading it yet....but I feel like I am seeing something.

Premise is that the 1min chart is leading direction, but we want to trade with the 5min chart. Current thoughts.

- wait for price to move to new side of 50sma on 1min chart.
- watch for candlestick to form that begins and ends on that new side of the chart.
- enter when price pullsback to zone between the 10 and 21 ema.
- enter only if price is on the same side of 50sma on the 5min.

Coincidentally (not really at all)...this type of entry is right on with the second chart in my trades today... trade time is at 10:48.

Monday +16.9

Good day trading. Need to hold the trades taken off the bigger stretches. This is what I need to work on most, is to trust the solid ones for more pips.

Friday +4.1

Just one trade today. I found the market a little difficult to trade today, so only got this one in.

Thursday +16.2

6 trades and 1 chart showing setup that I'd like to start taking.