Friday, June 21, 2013

Daily Trade review Friday June 21

Sequence # 1-6 **UQ**
Trade Rank = A(5m/5t cycle w/Block) 90 Grind
Exit Review =  pts maxing @4x 1 lots entries
Errors: Over Leveraged against the TREND
[POOR]Seq Selection    [POOR]Entries   [POOR]Exits    [POOR@4+Lots]Exposure   [POOR]Psyche
Daily Theme: Took a Hard hit to start the day, Over Leveraged against the TREND. I missed a Block Bar sitting at the high of the 5 Minute with Exhuastion as well as another Block Bar in the Pre-open that printed an EOT  at the 4500 tick high.. How did I trade against these? Need more evaluation on the open to establish and confirm my premise. This haunted me all morning..

Daily Total: -43.25pts 

Thursday, June 20, 2013

Daily Trade Review June 20

Sequence # 1
Trade Rank = A(5m/5t cycle w/Block) 90 Grind
Exit Review =  -15.5pts maxing @4x 1 lots entries
Highlights: Took some good sequences after the initial hit.
[OK]Seq Selection    [OK]Entries   [OK]Exits    [POOR@4+Lots]Exposure   [GOOD]Psyche
Sequence 1 Took this trade because we had a 5m cycle and 500 cycle with block bar(But the 5m wasnt over and it turned out to be falling throught the ice) the big mistake was havinmg too much on and also taking some off then getting more on after price was moving away. too risky on this one.

Sequence # 2
Trade Rank = A(45/15 cycle w/blocks) 90 Grind
Exit Review =  +3.5pts maxing @2x 1 lots entries
Highlights: Good seuqnec recognition and entry, also good exit
[GOOD]Seq Selection    [GOOD]Entries   [GOOD]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 2 This was a good trade all around. No regrets

Sequence # 3
Trade Rank = A(45/5 cycle w/blocks) 90 Grind
Exit Review =  +3.8pts maxing @1x 1 lots entries
Highlights: Good seuqnec recognition and entry, also good exit
[GOOD]Seq Selection    [GOOD]Entries   [GOOD]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 3 THis was a good trade but i failed to get more on and was unable to take advantage of the move. was lacking in confidence possibly at this time.

Sequence # 4
Trade Rank = AA(Liquid seq w/Blocks) 90 Grind
Exit Review =  +1.5pts maxing @1x 1 lots entries
Highlights: Good entry good exit
[GOOD]Seq Selection    [GOOD]Entries   [GOOD]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 4 Took this trade because we had a 5m cycle and 500 cycle with block bar(But the 5m wasnt over and it turned out to be falling throught the ice) the big mistake was havinmg too much on and also taking some off then getting more on after price was failing

Daily Theme: Took a Hard hit to start the day, Put on some good trades but was too light ounce i got on track. Had a few Probes. But ultimately the problems was money mangement. 
I need to keep an even number of lots on at all times. (2,4 etc.)

Daily Total: -10.pts 

Wednesday, June 19, 2013

Daily Trade Review June 19

Sequence # 1-4 Same Reasoning
Trade Rank = A(1500 Single Cycle) 90 Grind
Exit Review =  10.75pts maxing @4x 1 lots entries
Error: Poor Judgment to Participate on this type of day
[WEAK]Seq Selection    [OK]Entries   [GOOD]Exits    [OK@4 SEQ's]Exposure   [OK]Psyche
Sequence 1 - NOT a good to participate in the markets due to Late FOMC release. I was fully aware of this and skipped my prep rep routine for this reason but still got up to put on some trades!! Mistake. The sequences were OK but in this environment you can only expect choppy ranges and false breaks. So i wound up probing excessively and taking trades that didn't move. 

Daily Theme: How could i expect to benefit when i didn't do my part and knowing what kind of day this would be??? NO Preprep = NO TRADING!!

Daily Total: -10.65pts 

Tuesday, June 18, 2013

Daily Trade Review June 18

Sequence # 1
Trade Rank = A(1500 Single Cycle) 90 Grind
Exit Review =  +2.75pts maxing @3x 1 lots entries
Highlights: Good initial entry and ok exits.
[GOOD]Seq Selection    [GOOD]Entries   [GOOD]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 1 - Today we opened light volume but the campaign appeared strong to the upside as we remained above 1634 early. This was my cue to take longs. So i was able to ink a small gain out early on a 15 single cycle.
Sequence # 1A 
Trade Rank = A(1500 Single Cycle) 90 Grind
Exit Review =  +.75.pts maxing @1x 1 lots entries
Highlights: Good reentry, good exit as price dipped lower after my exit
[GOOD]Seq Selection    [GOOD]Entries   [-AVG]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 2 - Same Trade as the original just a reentry at higher prices, Good entry. I wasnt able to get much on as price moved away quickly but no regrets. Better light form now. 

Sequence # 2
Trade Rank = AA(45/15 NT)  90 Grind
Exit Review =  +.5pts maxing @2x 1 lots entries
Highlights: Good Exit and thinking
[GOOD]Seq Selection    [GOOD]Entries   [GREAT]Exits    [GOOD]Exposure   [GOOD]Psyche
Sequence 3 - This was 45/15 cycle that was failing, i bailed at a good time and avoided a steep pullback and extra exposure.

Daily Theme: Keeping size down and bailing on uncirtraintly.

Daily Total: + 3.75pts