David Knight -Journal

This is a discussion on David Knight -Journal within the Trading Journals forums, part of the Reception category; Originally Posted by David Knight Filled Going to be irritating if it hits my stop and then hits my target ...

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Old Dec 7, 2017, 7:04pm   #297
 
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Filled

Going to be irritating if it hits my stop and then hits my target. That's the kind of week I'm having though.

UPDATE
Nearly 60 minutes with the high @2639.9

can you believe my luck? It must hit the stop...surely

Thank you. -2

Running +127


More evidence that proves the theory-. If price stays in the same zone for a while It's less likely to be the H/L
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Last edited by David Knight; Dec 7, 2017 at 7:16pm. Reason: ADD Chart
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Old Dec 8, 2017, 12:14pm   #298
 
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David Knight started this thread Short 2645

STOP 2650
TARGET 2639 (approx)

Move Stop to B/E

Stopped

New order- Short 2647
Stop 2650
Target 2637

Last edited by David Knight; Dec 8, 2017 at 1:27pm. Reason: Move stop/stopped/ new order
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Old Dec 8, 2017, 2:33pm   #299
 
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Trade Plan

David Knight started this thread Expect to get back to winning ways before too long. The analysis is fine, just the stops proving to be too close before the market hit the targets.

I wont widen stops on short trades- that is one of the 10 comandments., thou shalt not widen stops nor covet thy neighbours stops..

I've broken the first one several times this week: Thou shalt not lose money, nor covet thy neighbours money.

We're all sinners really though aren't we?
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Old Dec 8, 2017, 2:44pm   #300
 
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Short 2645

STOP 2650
TARGET 2639 (approx)

Move Stop to B/E

Stopped

New order- Short 2647
Stop 2650
Target 2637
Triggered- short 2647
not looking good already

Moved stop to B/E

There's a chance the low is in @2645.11

It doesn't look likely but my analysis says it's possible

Stopped B/E

Last edited by David Knight; Dec 8, 2017 at 3:56pm. Reason: Moving stop to B/E/STOPPED
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Old Dec 8, 2017, 4:59pm   #301
 
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Why I Covered

David Knight started this thread Why I Covered @B/E
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Old Dec 9, 2017, 12:16am   #302
 
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Originally Posted by David Knight View Post
Expect to get back to winning ways before too long. The analysis is fine, just the stops proving to be too close before the market hit the targets.

I wont widen stops on short trades- that is one of the 10 comandments., thou shalt not widen stops nor covet thy neighbours stops..

I've broken the first one several times this week: Thou shalt not lose money, nor covet thy neighbours money.

We're all sinners really though aren't we?
He/she that has never moved their stop loss among you, let them cast the first stone at David
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Old Dec 10, 2017, 12:03am   #303
 
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Hi David,
An excellent journal. Easy to follow and consistent. I like your commentary on the charts as it brings to life what is influencing your decision basis.
Keep it up!
Do you only trade the one market? FWIW I am a fan of this approach. I concentrate on one market (ftse) but will occasionally trade markets that may influence ftse (WTI and cable) if I see a good opportunity as I monitor them anyway.
I am currently living in a different time zone and ftse hours also happen to suit with work commitments.
Trading does not have to be complicated. As simple system developed over time with experience has less variables which makes it easier to determine consistency and a quicker turn around in the decision loop. Time is the most precious commodity!
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Old Dec 11, 2017, 1:47pm   #304
 
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Hi David,
An excellent journal. Easy to follow and consistent. I like your commentary on the charts as it brings to life what is influencing your decision basis.
Keep it up!
Do you only trade the one market? FWIW I am a fan of this approach. I concentrate on one market (ftse) but will occasionally trade markets that may influence ftse (WTI and cable) if I see a good opportunity as I monitor them anyway.
I am currently living in a different time zone and ftse hours also happen to suit with work commitments.
Trading does not have to be complicated. As simple system developed over time with experience has less variables which makes it easier to determine consistency and a quicker turn around in the decision loop. Time is the most precious commodity!
Thanks. Really good to get feedback.

Only trade the SPX but I do analyse other markets. I did dabble on the FTSE years ago.

Like your last paragraph.
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