Monday, January 9, 2017

Bringing Back the trading journal

This year I will be disciplined in the process.  The process will be explained and the blog will serve as my trading journal.  I was out the first week of this year, so we'll start anew.   I'll do a trade spreadsheet off a $55,000 K account,



First market conditions acceptable for trading?

Yes.  Indexes basing,
but breadth measures a bit extended so some caution is in order.
Eyes on  NYMO, RSI ,  VIX low.

Strike zone:
IPOS,  with eyes on energy, metals, uranium, Cannabis.  

Setup-- IPO range expansion.
Slingshot: Yes

Series of higher lows shows there is a bit of a descending wedge forming.  This one showed some power  off of bottoms

Risk, 1.5% stop at days low.

Setup: IPO Reclaim the fame
Slingshot:   no

Breakout to new weekly high.  Sigma significant at 2.24  back to the power zone.
Stop $1.00

Setup, Slingshot from flag.
Slingshot: yes,  from lateral action.

Description.  Spin-off / reboot.  This has shown some power, through November.  Now making a push to ATHs after a month of rest.

Risk,  Back to the box

No comments:

Post a Comment