had to update maintenance about apartment issue last night
running a little late to actually go live – past 0915 already so…
LET’S GET IT! 😊
Remember the setup DOES NOT have to be PERFECT.
TRADING NOTES
10:06 – cancelled that order due to price action. It did what I wanted it to do before it pulled back to my entry short.
10:07 – Still working to get over the frustration of missing the trade earlier at 11400. Can’t get caught up in FOMO
10:09 – Horizontal line I drew there based on my fib extension lines
10:10 – Order place there by selling the bid waiting for the price to trade in a location where I would have had a stop limit order placed.. not my ideal way to trade. Stopped out
10:12 – 2 losses for the day. Done for the day as a result. However I just realized the mistake order I placed earlier on the DOM was in Sim mode so it didn’t affect my Leeloo account. Only 1 loss today in the Leeloo combine with 2 contracts for $-32
10:17 – NT8 Control panel visible
10:24 – At this time trying to figure out the DOM or a better way to trade.
10:28 – Sim order trying out the Order Ticket in NT8. Not going to work because it doesn’t have a section to use my ATM Strategy
Woke up a few minutes later than usual due to a little sleeping troubles last night
Started day off with about a 15 min yoga and meditation session
Feeling rested and positive 😊
One area of improvement – Neglected to setup my NinjaTrader chart last night with my power range drawings. Had to get that done before the open
READY!
Remember the setup DOES NOT have to be PERFECT.
TRADING NOTES
09:32 – Looking choppy out the gate. Not surprising for a Friday. I usually like to not trade aggressive on Fridays
09:35 – Was thinking to go short there before the close of the candle at 167 but my plan is to make trading decisions on closed candles ONLY, so passed. As I’m writing this, I’m reminded why I have that rule by the price action.
09:41 – We can see how wild price action is looking at the 1 min and tick chart.. I’m seeing scalping opportunities, but do to this battle zone we’re trading in I choosing to sit on the sidelines and just wait until things calm down a little.
09:44 – Opening my quad chartbook to get a snapshot of the other markets
09:46 – Looking at next support range at 149 – 138 (ish)
09:50 – Short taken at 150 to ride momentem but didn’t work out the way I would like. Mental stop loss, Could have held it a little longer for a scalp but not worth the risk in my mind. Wanted a pullback to the 160 area..
09:52 – Noticing conflicting Fib lines between Sierra anc NinjaTrader… Let’s see which ones are more relavant. Interestingly my power range lines are drawn identically, hmmm….
10:00 – [THOUGHT] Need to check how detailed I can get with NinjaTrader hot keys.
10:05 – Accidently place and order short with hotkey in Sierra trying to print screen (LUCKY!)
10:08 – As of right now Fib lines on Sierra look more relevant. They’re actually too many lines on NinjaTrader. Need to look into that later.
10:11 – [THOUGHT] BTD has a greater probability of success when near the 20 ma
10:13 – I froze for a second seeing the extra Fib line on NinjaTrader which led to me missing out on this big move short!
10:17 – Gotta figure out a better way to place stop limit orders on NT8. Not a fan of the current setup. Was looking at a breakout trade but couldn’t get order placed fast enough.