Althought last day FESX was trending up, new day is another history, and At the first hour of the day, i think its too soon to see where will go the market, so i think i should wait a little bit until some camarilla levels has been passed. FESX and 6E was ranging this morning, so no trades should be taken.
I entered long at 2524 about 8 AM, anyway it was too late, we have better probabilities when we enter at least in the middle of the candle. In addition i notice later that R1 camarilla levels was not passed.

i thin the party will begin from 14:30 we have lots of reports…

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FESX 2480 long +5 ticks positive

By mjose | Filed in Trading Journal

I should see camarilla pivots and see once we pass R4 we it should reach R5.

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First trade Entered short 2444, was wrong the EMA was flat

Second trade: I entered long at 2454 was too late, i should have entered at 2452

 

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FESX 2507 short +4 ticks and 2499 short +4 ticks

Good day to trade

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Mjose Journal

By mjose | Filed in Trading Journal

Welcome to Mjose Journal, it will be a place where i will post my trading everyday with a new Manual trading strategy i am testing.

To have a journal is something very recommended to register a log of all your trades and review it to analyze our errors and remember our best trades situation.

I will trade Eurostoxx50 (FESX) Futures and Euro/USD Futures (6E)

Why FESX? To trade in real mode i am using a different platform and i need some time to open positions because i have to enter price number manually, this make very slow and i miss many trades, and for learning and testing purposes is the better i have found. Anyway sometimes i use 6E when market condition allow me to have the time to open position at the price.

I use range charts with minute charts for confirmation.

My trading times are from 8.30 to 11.30 london opening and 14.30 to 17.30 USA opening hours

I use an scalping strategy that use 4-5 ticks of Stop Loss and 4 ticks to Take Profits, this could be changed depending of market conditions and news.

I use Ninjatrader 7.

Glossary of Stock market slang, we say enter long when we buy and enter short when we sell.

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