Marketgeometry

Sunday, April 3, 2016

perfect ES trade 4/1/2016

On Friday - they tried to take them lower but couldn't.  The they tried to take them higher, and I bought at support.  Perfect trade, executed perfectly.  My only regret was that the train left the station so fast and just kept going, I could not find a good entry point to get back in.  It is fun when trading is this easy and thats no joke.

Saturday, April 2, 2016

A messy ES trade in amessy market 3/31/2016



This was a sideways market and i was playing it more  like a semi-trending market.  Either you buy the pullback of the breakout - first trade marked on the chart and/or you buy the pullback to the second entry point then add more contracts in the third trade entry stop.
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I bought in between the first and the second entry points and made a mess of things. I could have added at the lower level and saved the trade, but I didn't.
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One of my big mistakes I make too often is missing the first couple of trades either with no fills or putting in orders too late (see the short and long of the first two circles), then I am not in mental shape to trade the next trade.  In other words, MISSED, MISSED, CHASE - get hit.

Getting in late ES trade 3/30/2016





I missed the first pulback to the correct buy level after the bulls got back into control.  The market was a bit choppy. After the market made a new high, I should have bought around 2056.25 at first support, and then added at 2055.25. Instead I bought at 2056.00, did not add and then wrongly gave up on the trade after it exploded at 2:30 pm.  If I had added at 20552.5, i would have taken it off at a gain of a point and then tried to allow the 2056.25 entry to become a runner-maybe get more then a point.
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All of this would have been mentally easier for me if I had made the first trade and then entered at the correct levels on the second trade according to my trading plan. Bad mental mistake.
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There are even third and forth trades marked by the green arrows later.

Friday, March 25, 2016

Perfect ES Trade 3/24/2016







This is how I trade now of days.  Most of my trades are in the ES mini.  Most of them are a goal of one point with a stop loss of 2 points.  I attempt to have runners when I can.
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The above trade was perfect.  Market was in a range and I tend to get chopped while in it.
So wait for the range to be broken with the buyers in control (using stoc above 50%).
Buy the pullback - a pullback of 38 to 50% of last move.
Wait for target to be hit.
This time because of the choppiness, I did not try for a runner when I could have gotten 3 pts out of the trade.
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Bottom line - perfect trade.

Friday, June 19, 2015

May 2015 Results

Trades: 16
Winners: 10
Losers: 34
Break evens: 3
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Total Gains: $404.00
Total Losses: $-700
Avg Gain: $40.40
Avg Loss: $-233.33
Biggest Gain: $50.00
Biggest Loss: $550.00
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Trade Net: $-296.00
Commissions: -$83.96
Short term Trading Net: $-379.96
Month Net: $-379.96
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I was very happy with my futures trading this month.  What killed my month was I gave out on an option play i had been rolling for months and took a $550 loss on. 

Sunday, June 14, 2015

April 2015 Results

Trades: 40
Winners: 16
Losers: 14
Break evens: 10
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Total Gains: $736.50
Total Losses: $-637.50
Avg Gain: $46.03
Avg Loss: $-45.54
Biggest Gain: $99.00
Biggest Loss: $100.00
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Trade Net: $99.00
Commissions: -$186.95
Short term Trading Net: $-87.95
Month Net: $-87.95
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This was a month of back and forth. I started trading much better after the 15th but still have the big problem of letting the trades work.  If I sat on my hands after the 15th - I would have been 16-4 and had a nice couple of weeks.  So what happened on the 15th?  I do not know.  The 14th was a real bad day for me and if you took away just that day - I would have had an up month.

Friday, June 5, 2015

March 2015 Results

Trades: 21
Winners: 15
Losers: 20
Break evens: 6
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Total Gains: $966.0
Total Losses: $-737.50
Avg Gain: $46.00
Avg Loss: $-36.88
Biggest Gain: $459.00
Biggest Loss: $150.00
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Trade Net: $153.50
Commissions: -$257.40
Short term Trading Net: $-103.90
Month Net: $-103.90
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Slowly I am getting away from too much options trading and trying to focus on ES trading.  Not a good month even thou I was close to break even. After closely looking at my trades, way too many of them I would have graded poor. In fact only 17 trades, i was happy with my entry and exit.  That number should be at 80-90 percent for me to be at the level I want to be.