Dear diary,

Long position of YM was established above high of 4th bar. However, I was stopped out. One trade closed with 1-R loss.

I will stop trading for the day and continue writing my business plan.

[photopress:YMZ06_15_trade_closed_1.jpg,full,pp_image]

• Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
• Where would you get long/short this futures contract ? Above the high of 4th bar which is above Opening Range (OR) as well.
• Where would you put the initial protective stop? Below the low of 4th bar which is below 5-MA as well
• When would you stop trading for the day? After position is established
• Where would you exit the position? Fib extension 38.2% and 61.8%

This is a trade that did not work out as planned. Shorted YM, with 1-R loss. This is a small loss. Looking at the chart, maybe I should look for even narrower bar for entry. Anyway, exited the trade as planned since the setup failed to work.

[photopress:orig_YM_15_trade_closed_1.jpg,full,pp_image]

Q&A

• Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is down. Looking at short
• Where would you get long/short this futures contract ? short below 3rd bar low which is a inside bar below Fib extension (regular session)
• Where would you put the initial protective stop? Abot 3rd bar low
• When would you stop trading for the day? After position is established/2pm NY time
• Where would you exit the position?Target Fib extension 138.2% and 161.8% or stop loss triggered

Dear diary,

This is the last trade of the day. I got in Long position of YM again, after it pulled back to moving average and a dummy setup appeared, very nice narrow range candle. TICK closed at 401. I was stopped out with 1-R loss.

In fact, there was a divergence in which TICK was making a lower highs while YM trending up. I will talk to you more later.

Here is the chart after closing the trade.

[photopress:YMZ06_15_trade_closed_2nd.jpg,full,pp_image]

Dear diary,

This week is kinda experimental for me. I am integrating NYSE TICK and TRIN into my trading.

So, it is experimental, and I’ve just made a stupid trade. Not dummy trading, but stupid trading. I got in Long position of YM (Mini-sized Dow) in 15-min chart after getting a dummy setup with narrow range and TICK closed at +800 which is pretty positive.The setup looked excellent.

The mistake is here. I closed the trade almost immediately after realizing uptrend in TRIN. Moron. I don’t know if this decision is correct. But I was confused by indicators. I am not new to trading, but I still have this problem. Ok, I will think about it and talk to you later. One trade closed with 0.32-R gain.
Here is the chart after I closed the trade.

[photopress:YMZ06_15_trade_closed.jpg,full,pp_image]