We met our target of $50 on the second setup, and protected ourselves with a stop below the swing at $30.
$115 Profit in AH, going to bed now, goodnight and good luck trading tomorrow!
Here is the chart:
Monday, June 20, 2011
6/20/11 Afterhours trade results: 3 trades, $115 Profit
We had 2 trade signals in AH. I exited the second trade and re-entered with the 3rd because for some reason my stop and target were not placed once I got filled; must have been a mistake in the ATM on my end. I did take a $5 profit on trade 2 and re-entered one tick better than my original entry for that position.
We met our target of $50 on the second setup, and protected ourselves with a stop below the swing at $30.
$115 Profit in AH, going to bed now, goodnight and good luck trading tomorrow!
Here is the chart:
We met our target of $50 on the second setup, and protected ourselves with a stop below the swing at $30.
$115 Profit in AH, going to bed now, goodnight and good luck trading tomorrow!
Here is the chart:
6/20/11 Afterhours trade results: 3 trades, $115 Profit
We had 2 trade signals in AH. I exited the second trade and re-entered with the 3rd because for some reason my stop and target were not placed once I got filled; must have been a mistake in the ATM on my end. I did take a $5 profit on trade 2 and re-entered one tick better than my original entry for that position.
We met our target of $50 on the second setup, and protected ourselves with a stop below the swing at $30.
$115 Profit in AH, going to bed now, goodnight and good luck trading tomorrow!
Here is the chart:
We met our target of $50 on the second setup, and protected ourselves with a stop below the swing at $30.
$115 Profit in AH, going to bed now, goodnight and good luck trading tomorrow!
Here is the chart:
6/20/11 Afterhours Wave 2 pullback short: $60 profit, 12 ticks
We took a wave 2 pullback short. A few notes about why we entered the position.
1) Failure to set a new high / failure for buyers to support price and break the high.
2) Wave 1 breaker with conviction.
3) Upon pullback after wave 1 short signal, there was a failure to break the previous swing high.
4) Target was set at 2 ticks below previous swing, at 3 points.
Here is the chart that details the setup and entry / exit.
I will be posting system rules over the next few posts.
1) Failure to set a new high / failure for buyers to support price and break the high.
2) Wave 1 breaker with conviction.
3) Upon pullback after wave 1 short signal, there was a failure to break the previous swing high.
4) Target was set at 2 ticks below previous swing, at 3 points.
Here is the chart that details the setup and entry / exit.
I will be posting system rules over the next few posts.
6/20/11 Afterhours Wave 2 pullback short: $60 profit, 12 ticks
We took a wave 2 pullback short. A few notes about why we entered the position.
1) Failure to set a new high / failure for buyers to support price and break the high.
2) Wave 1 breaker with conviction.
3) Upon pullback after wave 1 short signal, there was a failure to break the previous swing high.
4) Target was set at 2 ticks below previous swing, at 3 points.
Here is the chart that details the setup and entry / exit.
I will be posting system rules over the next few posts.
1) Failure to set a new high / failure for buyers to support price and break the high.
2) Wave 1 breaker with conviction.
3) Upon pullback after wave 1 short signal, there was a failure to break the previous swing high.
4) Target was set at 2 ticks below previous swing, at 3 points.
Here is the chart that details the setup and entry / exit.
I will be posting system rules over the next few posts.
Sunday, June 19, 2011
Afterhours- Possible change of trend / lack of buyers: Trading PRICE ACTION
I want to show you a real-time example of a possible change of trend / lack of buyers in the market.
1) We had a rally attempt to the high, with a FAILURE to break the high. Indicating a lack of buying pressure.
2) On the 5 min, we had one last rally attempt with that single green bar. This is what we consider the LAST WAVE of BUYERS. This wave usually holds a losing long position in the markets after Wave 1 and Wave 2 buyers secured a profit and the wave before the last wave got stopped out.
3) Long signal failure, breach of support for that long signal.
1) We had a rally attempt to the high, with a FAILURE to break the high. Indicating a lack of buying pressure.
2) On the 5 min, we had one last rally attempt with that single green bar. This is what we consider the LAST WAVE of BUYERS. This wave usually holds a losing long position in the markets after Wave 1 and Wave 2 buyers secured a profit and the wave before the last wave got stopped out.
3) Long signal failure, breach of support for that long signal.
Afterhours- Possible change of trend / lack of buyers: Trading PRICE ACTION
I want to show you a real-time example of a possible change of trend / lack of buyers in the market.
1) We had a rally attempt to the high, with a FAILURE to break the high. Indicating a lack of buying pressure.
2) On the 5 min, we had one last rally attempt with that single green bar. This is what we consider the LAST WAVE of BUYERS. This wave usually holds a losing long position in the markets after Wave 1 and Wave 2 buyers secured a profit and the wave before the last wave got stopped out.
3) Long signal failure, breach of support for that long signal.
1) We had a rally attempt to the high, with a FAILURE to break the high. Indicating a lack of buying pressure.
2) On the 5 min, we had one last rally attempt with that single green bar. This is what we consider the LAST WAVE of BUYERS. This wave usually holds a losing long position in the markets after Wave 1 and Wave 2 buyers secured a profit and the wave before the last wave got stopped out.
3) Long signal failure, breach of support for that long signal.
6/19/11 Afterhours trades: Signals explained, $135 profit so far
We had 4 signals so far since 6 PM EST. I would like to explain each signal and discuss what we did and why we did it.
1) Short 2184.25: 2183.25 had massive support from buyers and sellers were not able to breach that level. We moved our stop to the invalidation point which was 2184.00. We got 1 tick of slippage an were stopped out at entry on this, resulting in $0 on the trade.
2) Long 2184.00: We saw the massive support in the market / initial wave of buyers come in. We got stopped out on trade 1 and entered long due to the support from buyers and pressure to the upside. Our stop was placed at 2183.00. We took profit at 2187.75 once we saw buying pressure fade / sellers resisting price. Since we had a long bias and were expecting a pullback rather than a reversal, we disregarded the short signal. Profit of $75
3) Long 2187.50: We bought the pullback once we received a long signal, stop placed below the swing low. We realized the market was somewhat choppy / ranging so we decided to take a profit on this trade of 2 ticks and then re-enter with our stop placed at the same invalidation point of 2187.00, see below. Profit of $10.
4) Long 2187.50: We re-entered the long direction as mentioned above. Our situation now is completely risk-free since we secured the 2 ticks and are now risking 2 ticks. We exited when buying pressure seemed to fizzle out. Profit of $50.
Entering on the signals given, we have a profit of $135 so far.
1) Short 2184.25: 2183.25 had massive support from buyers and sellers were not able to breach that level. We moved our stop to the invalidation point which was 2184.00. We got 1 tick of slippage an were stopped out at entry on this, resulting in $0 on the trade.
2) Long 2184.00: We saw the massive support in the market / initial wave of buyers come in. We got stopped out on trade 1 and entered long due to the support from buyers and pressure to the upside. Our stop was placed at 2183.00. We took profit at 2187.75 once we saw buying pressure fade / sellers resisting price. Since we had a long bias and were expecting a pullback rather than a reversal, we disregarded the short signal. Profit of $75
3) Long 2187.50: We bought the pullback once we received a long signal, stop placed below the swing low. We realized the market was somewhat choppy / ranging so we decided to take a profit on this trade of 2 ticks and then re-enter with our stop placed at the same invalidation point of 2187.00, see below. Profit of $10.
4) Long 2187.50: We re-entered the long direction as mentioned above. Our situation now is completely risk-free since we secured the 2 ticks and are now risking 2 ticks. We exited when buying pressure seemed to fizzle out. Profit of $50.
Entering on the signals given, we have a profit of $135 so far.
6/19/11 Afterhours trades: Signals explained, $135 profit so far
We had 4 signals so far since 6 PM EST. I would like to explain each signal and discuss what we did and why we did it.
1) Short 2184.25: 2183.25 had massive support from buyers and sellers were not able to breach that level. We moved our stop to the invalidation point which was 2184.00. We got 1 tick of slippage an were stopped out at entry on this, resulting in $0 on the trade.
2) Long 2184.00: We saw the massive support in the market / initial wave of buyers come in. We got stopped out on trade 1 and entered long due to the support from buyers and pressure to the upside. Our stop was placed at 2183.00. We took profit at 2187.75 once we saw buying pressure fade / sellers resisting price. Since we had a long bias and were expecting a pullback rather than a reversal, we disregarded the short signal. Profit of $75
3) Long 2187.50: We bought the pullback once we received a long signal, stop placed below the swing low. We realized the market was somewhat choppy / ranging so we decided to take a profit on this trade of 2 ticks and then re-enter with our stop placed at the same invalidation point of 2187.00, see below. Profit of $10.
4) Long 2187.50: We re-entered the long direction as mentioned above. Our situation now is completely risk-free since we secured the 2 ticks and are now risking 2 ticks. We exited when buying pressure seemed to fizzle out. Profit of $50.
Entering on the signals given, we have a profit of $135 so far.
1) Short 2184.25: 2183.25 had massive support from buyers and sellers were not able to breach that level. We moved our stop to the invalidation point which was 2184.00. We got 1 tick of slippage an were stopped out at entry on this, resulting in $0 on the trade.
2) Long 2184.00: We saw the massive support in the market / initial wave of buyers come in. We got stopped out on trade 1 and entered long due to the support from buyers and pressure to the upside. Our stop was placed at 2183.00. We took profit at 2187.75 once we saw buying pressure fade / sellers resisting price. Since we had a long bias and were expecting a pullback rather than a reversal, we disregarded the short signal. Profit of $75
3) Long 2187.50: We bought the pullback once we received a long signal, stop placed below the swing low. We realized the market was somewhat choppy / ranging so we decided to take a profit on this trade of 2 ticks and then re-enter with our stop placed at the same invalidation point of 2187.00, see below. Profit of $10.
4) Long 2187.50: We re-entered the long direction as mentioned above. Our situation now is completely risk-free since we secured the 2 ticks and are now risking 2 ticks. We exited when buying pressure seemed to fizzle out. Profit of $50.
Entering on the signals given, we have a profit of $135 so far.
Tuesday, June 7, 2011
6/7/11 Trade Results: 12 trades, $580 Profit
Final exams are over with, so all focus is back on trading. Today, we had 12 trades for $580 profit.
I will begin posting thoughts, ideas, and trade results regularly again.
I will begin posting thoughts, ideas, and trade results regularly again.
6/7/11 Trade Results: 12 trades, $580 Profit
Final exams are over with, so all focus is back on trading. Today, we had 12 trades for $580 profit.
I will begin posting thoughts, ideas, and trade results regularly again.
I will begin posting thoughts, ideas, and trade results regularly again.
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