oldcat's ym day trade

oldcat

5/20
1: 6:58 long 15305   7:19 sell 15324   +19
2: 7:52 long 12325   7:56 12325     0
19

review :
1: range bounce trade
2: break pull back long trade: scared by the breaking back to range and exit at break even before take off
probably should waited since get support at 20ema.
There was some h1 long setup but hesitated and did not take it.

源济

bububaba

oldcat

5/21
1. 7:16 long 15340 7:25 sell 15320 -20
2.8:03 long 15316  8:30 sell 15336 +20
3. 8:51 long 15351 10:05 sell 15374  +23
4. 10:34 long 15384 11:38 sell 15395 +11
5.12:05 short 15381 12:10 cover 15391 -10
+24

Review:
1. strong down trend , should take 2nd entry'
2. range bounce long
3. range break out long
4. pull back long
5. pull back short, entry not good since we did not make new low yet so likely have range, shout try to short high, or wait for support broken

trade 2,3,4 exit too early and leave profit on table but may be ok since hard exit at exact high.

Missed 7am second entry short which is reversal time.

oldcat

5/22
1. 7:21 long 15489 sell 7:32 15485  -4
2. 7:49 long 15447 sell 7:52 15424 -23
3. 8:20 long 15459 sell 9:11 15470 +11
-16

Review:
1. break out long to get into fast up market, the down move is too fast and did not have time to take profit and exit with small lose
2. thought we make bottom at 15426 but reward and risk is not favorable
3. pull back long , could exit at high but thought the high of the day will get retested, exit will small profit when see lower high

Today tried not to set profit target but did not work well, other wise will make 31 more ticks. I have to think about when to use a target and when not to.
Gained experience to trade a fast market.

oldcat

5/23
1. 7:58 long 15231 8:20 sell 15267 +36
36
review:
both entry and exit are not good,but followed trend and captured large part of movement

Need to thinking about better exit strategy.

oldcat

5/24
1. 6:42 short 15232 6:44 cover 15218 +14
2. 6:54 short 15209 6:58 cover 15225 -16
3.7:09 short 15203  7:20 cover 15185 +18
4.7:42 long 15220   8:07 sell 15235 +15
5. 8:52 long 15233 9:02 sell 15253  +20
51
Review:
1. low 2 short in down trend
2. entry too low, short short at resistance, cut at the wrong price
3.short resistance in down trend
4.entry too high, should enter at pull back
5. pull back long in uptrend
entry and exit should need improvement.
Ym today low is caused by es hit yesterday low, I need to watch es too when trade ym.

For the week:
114

oldcat

5/28
1: 7:44 long 15485 8:08 sell 15458 -27
2: 8:30 long 15471 8:37 sell 15455 -16
-43

Review:
1: buy pull back after buy climax, should exit as soon as low broken
2: long at new down trend

stop trade after hit max lose

oldcat

5/29
1: 6:47 long 15287  6:53: sell 15307 +20
2: 7:20 long 15306  7:23 sell 15286 -20
3: 7:39 short 15273 7:43 cover 15253 +20
4: 7:55 short 15237 8:05 cover 15217 +20
5: 8:38 short 15252 8:49 cover 15272 -20
+20

review:
1: range reversal, up momentum is strong ,could hold longer
2:should cut as soon as signal bar broken
3:could hold longer with measured move target
4:ok
5: should enter at resistance near 15280

Lesson: don't chase high, anticipate the trade
let profit run,cut lose short.

oldcat

5/30
1:6:54 long 15368 7:04 sell 15350 -18
2:7:14 long 15345 7:16 sell 15338 -7
3: 7:50 short 15347 7:57 cover 15464 -17
4: 8:23 long 15334 9:02 sell 15377 +43
+1

review:
1:chase high again
2: should buy 2 leg pull back after buy climax
3:short at middle of range, should try at resistance
4:range reversal, execute well with measure move target

Did not trade on Firday
For the week : -22

Lesson learned: stop chase high, pick better entry at support or resistance, have the patience to hold longer when have winning trade.

oldcat

next week news:                                                     
Jun. 03        10:00                                                   ISM Manufacturing Index                          
Jun. 04        08:30                                                   Trade Balance                                  
Jun. 05        08:15                                                   ADP Nonfarm Employment Change                   
Jun. 06        08:30                                                   Initial Jobless Claims                          
Jun. 07        08:30                                                   Nonfarm Payrolls                                  
                08:30                                                   Unemployment Rate                                   

oldcat

6/3
1: 7:17 long 15182 7:20 sell 15207 25
2: 8:25 long 15133 8:28 sell 15118 -17
3: 8:36 long 15137 8:49 sell 15151 14
4: 8:54 short 15152 9:06 cover 15152 0
+24

Review:
1: pull back long
2: range reversal, stop may be to tight, will use  5 tick below signal = es 2 tick
3: reenter a little late and should exit at 15160 area measured target on 400 tick chart
4: no short signal and far from resistance at 15170, should wait.

oldcat

6/4
1: 6:57 long 15273 7:02 sell 15257  -16
2: 7:55 long 15245 7:59 sell 15234 -11
3: 8:04 short 15227 8:12 cover 15223 6
4: 8:16 long 15239 8:42 sell 15239 0
-21

review:
1. pull back long , the pull back not deep enough to have enough profit before resistance
2. long at support but down bar lager, should wait for signal
3.short too low, not at resistance
4. long entry too high

Not patient enough to wait for good entry or chased trade.