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Apex Sniper Trading Bootcamp – Challenge Countdown – 35 Days …

Still finding my feet …

Actions I took today:
Traded 1 trade-in Sim … Breakeven – commission
Reviewed the market to identify trades I thought were valid trades on ES
Reviewed my rules

Potential ES Trades

Plenty of News today. My rule is to not trade 5 minutes before or after news and open of markets

ES performed OK considering and provided 8 valid setups for entry.

On the spreadsheet below you will see that I identified 9 trades not 8.

The first trade was a trade I would have taken but actually was not a valid trade. I had my chart zoomed in too far and did not notice that the price action was in a range. My entry would have been in the middle of the range. My solution to prevent this is to first have my chart zoomed out more then I did or have a second zoomed out chart so I can see the bigger picture. Secondly, I need to remember to look left before I take a trade.

Sim Trade

The trade I took in sim was at 7:23 am.

The trade was a Long entry TX-T and TD setup.

Just to recap what the setup was:

The TX-T Setup can be seen at the bottom of the entry bar (reversal) with the Green box and the blue solid square in it. The “-T” means that it is with the trend. The trend can be seen below as a green histogram.

The TD Setup can be seen by the 3 colored faces below the bar previous to the setup bar.

How did I crash this trade?

The trade was very slow-moving and it moved to the 7 ticks (official target) two bars after entry before moving back to below the entry. I tried to drag the target on the chart, from 8 ticks to 7 … when I let it go, it took me out at entry!!!!!

As you can see, the price then went up over 12 points.

My mistake …

[ATTACH=full]111470[/ATTACH]

Potential trades – ES

[ATTACH=full]111471[/ATTACH]

Resources:

One of the podcasts that I enjoy listening to is called The Trading Coach Podcast by Akil Stokes.

I do not follow his trading methodology but enjoy his concepts on his coaching podcast.

They can be found on a heap of podcast sites or on Youtube.

https://anchor.fm/thetradingcoachpodcast

I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies

<blockquote data-quote="Garry MTQ" data-source="post: 1082937" data-attributes="member: 80919">
<ol>
<li data-xf-list-type="ol">Apex Sniper Trading Bootcamp – Challenge Countdown – 35 Days … 
 
Still finding my feet … 
 
Actions I took today: 
<ul>
<li data-xf-list-type="ul">Traded 1 trade-in Sim … Breakeven – commission<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /></li>
<li data-xf-list-type="ul">Reviewed the market to identify trades I thought were valid trades on ES</li>
<li data-xf-list-type="ul">Reviewed my rules</li>
</ul> 
Potential ES Trades 
 
Plenty of News today. My rule is to not trade 5 minutes before or after news and open of markets 
 
ES performed OK considering and provided 8 valid setups for entry. 
 
On the spreadsheet below you will see that I identified 9 trades not 8. 
 
The first trade was a trade I would have taken but actually was not a valid trade. I had my chart zoomed in too far and did not notice that the price action was in a range. My entry would have been in the middle of the range. My solution to prevent this is to first have my chart zoomed out more then I did or have a second zoomed out chart so I can see the bigger picture. Secondly, I need to remember to look left before I take a trade. 
 
Sim Trade 
 
The trade I took in sim was at 7:23 am. 
 
The trade was a Long entry TX-T and TD setup. 
 
Just to recap what the setup was: 
 
The TX-T Setup can be seen at the bottom of the entry bar (reversal) with the Green box and the blue solid square in it. The “-T” means that it is with the trend. The trend can be seen below as a green histogram. 
 
The TD Setup can be seen by the 3 colored faces below the bar previous to the setup bar. 
 
How did I crash this trade? 
 
The trade was very slow-moving and it moved to the 7 ticks (official target) two bars after entry before moving back to below the entry. I tried to drag the target on the chart, from 8 ticks to 7 … when I let it go, it took me out at entry!!!!! 
 
As you can see, the price then went up over 12 points. 
 
My mistake … 
 
 
 
[ATTACH=full]111470[/ATTACH] 
 
Potential trades – ES 
 
[ATTACH=full]111471[/ATTACH] 
 
 
Resources: 
 
One of the podcasts that I enjoy listening to is called The Trading Coach Podcast by Akil Stokes. 
 
I do not follow his trading methodology but enjoy his concepts on his coaching podcast. 
 
They can be found on a heap of podcast sites or on Youtube. 
 
 
<a href="https://anchor.fm/thetradingcoachpodcast" target="_blank">https://anchor.fm/thetradingcoachpodcast</a> 
 
 
 
I will report back tomorrow on my progress and any lessons I learn 
 
Disclaimer 
 
I am not affiliated with any of these companies</li>
</ol></blockquote>

[QUOTE="Garry MTQ, post: 1082937, member: 80919"] [LIST=1] [*][B]Apex Sniper Trading Bootcamp – Challenge Countdown – 35 Days …[/B] Still finding my feet … [B]Actions I took today:[/B] [LIST] [*]Traded 1 trade-in Sim … Breakeven – commission:) [*]Reviewed the market to identify trades I thought were valid trades on ES [*]Reviewed my rules [/LIST] [B]Potential ES Trades[/B] Plenty of News today. My rule is to not trade 5 minutes before or after news and open of markets ES performed OK considering and provided 8 valid setups for entry. On the spreadsheet below you will see that I identified 9 trades not 8. The first trade was a trade I would have taken but actually was not a valid trade. I had my chart zoomed in too far and did not notice that the price action was in a range. My entry would have been in the middle of the range. My solution to prevent this is to first have my chart zoomed out more then I did or have a second zoomed out chart so I can see the bigger picture. Secondly, I need to remember to look left before I take a trade. [B]Sim Trade[/B] The trade I took in sim was at 7:23 am. The trade was a Long entry TX-T and TD setup. Just to recap what the setup was: The [B]TX-T Setup[/B] can be seen at the bottom of the entry bar (reversal) with the Green box and the blue solid square in it. The “-T” means that it is with the trend. The trend can be seen below as a green histogram. The [B]TD Setup[/B] can be seen by the 3 colored faces below the bar previous to the setup bar. [B]How did I crash this trade?[/B] The trade was very slow-moving and it moved to the 7 ticks (official target) two bars after entry before moving back to below the entry. I tried to drag the target on the chart, from 8 ticks to 7 … when I let it go, it took me out at entry!!!!! As you can see, the price then went up over 12 points. My mistake … [ATTACH=full]111470[/ATTACH] [B]Potential trades – ES[/B] [ATTACH=full]111471[/ATTACH] [B]Resources:[/B] One of the podcasts that I enjoy listening to is called [B]The Trading Coach Podcast[/B] by Akil Stokes. I do not follow his trading methodology but enjoy his concepts on his coaching podcast. They can be found on a heap of podcast sites or on Youtube. [URL]https://anchor.fm/thetradingcoachpodcast[/URL] [I]I will report back tomorrow on my progress and any lessons I learn[/I] [B]Disclaimer[/B] [I]I am not affiliated with any of these companies[/I] [/LIST] [/QUOTE]

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