I have decided to start a new open ended journal that I will use to recap and analyse my trades. I have been tweeting my trades as I take them so I can keep a running record that I can look back on to fill out my excel at the end of the day.
I have both a live and demo account. I am currently back to demo as I iron out the kinks of my strategy and execution. I will post charts and trades for this week tomorrow.
I am currently trading M6E and NQ. In the future I would like to expand back into ES and TF. But I will be honest I am really enjoying trading 6E at the moment and believe between 6E and NQ could do very well.
I am through my 3rd run of Al Brooks video course and have completed his Bar by Bar book. My main setup I am looking for is Major Trend Reversals, followed by Trend entries on Pullbacks, and last but not least breakouts. Trading the M6E has forced me to swing instead of scalp. So I am looking for trades that will give me a min 15 ticks. This is to cover the comm (currently takes 4 ticks to breakeven w/ commissions). I deduct my commissions from my P/L, so I can keep it as close to real as possible.
Chart setup
5 Min Candlesticks
20 EMA - Blue line
200 EMA - Red line
Daily High/Low Channel - Blue dashed lines
If anyone of the above are not present then a trade is not valid. As I go I will work to further drilldown each piece and what it means to me and my trading.