Friday Log - Plan

Missed the primary trade and did not chase it even though price went thru yesterday close set-up. 1000 eco report loomed and did not want to get caught. After that it felt like I would be chasing and did not get a feel for the price action although I "saw" a nice combo I had in my head play out.

Spent the next couple hours working on my new planning tool and will continue off and on over weekend. Have a relaxing weekend all.

Trade Well !

Wednesday & Thursday Log - Combo Post

Failed to enter Wednesday post and trades so combining with the Thursday post. Wednesday I played the open/close set-up that worked well. Once price tested the prior day close around 89, I entered long on the slight pullback and scaled out in 91's and 93's. Result: +6.0

Scalped a couple other trades over lunch for small gains after feeling the rotation prior to the Beige book. result: +2.25

Thursday no trades made. Working on a new planning tool for me to use in preparation of each trading session. Combining EWS system, key price levels, etc. I currently use a daily worksheet as part of my routine. As with the EWS spreadsheet, my worksheet helps me map out the ES, identify key levels of interest and awareness of scheduled economic reports, major earnings announcements, etc. It is an evolving document as I tweak the layout and information while also making it more automated.

Planning minimal trades on Friday. Probably only the primary AM trade if any.

Trade Well !

Tuesday Log - Recovery Mode

First worked a long shortly after the open from the 1/2 gap. Quickly stopped out. Once stopped out near yesterday close I failed to turn my trade opinion around fast enough and work the close/open set-up which would have been short from 1090.5. Result: -4.0

Had to wait for the next set-up(s) and chip away to recover early loss. Scalp mode entered long near reversal time of 1020 and second leg bounce. result: +5.0

Got in short too early prior to lunch session after doji formed. Enter low 85's with 1/2 position and stop in 84's. Result: -2.5

Chipped away off and on in late afternoon session buying off of 83 and 84 bottom and scaling out 86's and 87's. Result: + 5.0

Closed the day with a late day long expecting shorts to release and capture profits. Entered long on 1/2 position in low 87's with 1 pt stop in 86's. Scaled out 88.75 and 99's. Result: +3.5

Still need to work on patience for edge set-ups. They are there most every trading day and occur after 1-2 re-tests of bottom/top. Also, watching the VPOC relationship with these edges which after two days is providig some clues. Combining EWS combo and FT71 VPOC areas helped me have a successful recovery mode today.

Another thing I need to re-visit is not being too anxious to trade within the first 10-15 minutes. I want to play for the gap trades but my timing is off.

Trade Well !

Monday Log - Let The Trade Work

Waited for market to settle a bit after open looking for short side. Took a good fill in 87's near opening high area. 1st target was 85's and second target was 83's. Target one hit and moved stop to breakeven. Ended up closing trade prior to T2 ultimately being hit. Did not let trade work to full potential. Result: +3.50

Failed to pull trigger on reversal around 1015 time frame and 84-85 area. Thinking combo's but did not execute plan knowing 82-83 area was good support zone. Felt the market fairly well but did not let 1st trade work and did not "listen" to intuition on reversal idea. I continue to be aware of my problem letting these trades work and revising rules to reflect the issue.

Trade Well!