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 Short 2497 Stop just above high - 2499 Target 2491 Still looking to buy lower. ...

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Old Sep 18, 2017, 2:02pm   #91
 
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Short 2497

Stop just above high - 2499

Target 2491



Still looking to buy lower.
I let this trade run to expiry@2496.8

Running +18
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Old Sep 18, 2017, 3:02pm   #92
 
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David Knight started this thread Short 2507

Stop
1pt above high (2508.3)

Target 2501
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Old Sep 18, 2017, 7:24pm   #93
 
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Short 2507

Stop
1pt above high (2508.3)

Target 2501

Covered 2502 +5

Running +23
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Old Sep 19, 2017, 3:26pm   #94
 
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David Knight started this thread Short 2506

Stop 1 point above mon high (2508) 2509

Ideally target would be below mon low but too early to anticipate that kind of weakness (if any)
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Old Sep 19, 2017, 3:38pm   #95
 
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Short 2506

Stop 1 point above mon high (2508) 2509

Ideally target would be below mon low but too early to anticipate that kind of weakness (if any)
No commitment in adv/dec ?

Edit- gaps
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Last edited by David Knight; Sep 19, 2017 at 3:49pm. Reason: Add chart
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Old Sep 19, 2017, 4:07pm   #96
 
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Short 2506

Stop 1 point above mon high (2508) 2509

Ideally target would be below mon low but too early to anticipate that kind of weakness (if any)
Covered 2504 +2

Will short higher/buy lower

Running +25
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Old Sep 19, 2017, 4:40pm   #97
 
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David Knight started this thread Short again @ 2506

Scalp and Same stop
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Old Sep 19, 2017, 6:20pm   #98
 
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David Knight started this thread ADV/DECL - still 50/50

However, Dow keeps climbing

My trading idea for the day was that yesterdays high is less likely to get taken out because futures overnight did not exceed Mon cash eqv high.

Then adv/decl showed no bullish commitment
.So the Dow is the only spanner in the works- except for the fact that the market will use any excuse to go up and there is no commitment on the bear side.

But it's usually best to stick to the plan unless something screams at you not to...and it's a pretty quiet day. Or boring if you need excitement (which I don't)




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Old Sep 20, 2017, 6:40pm   #99
 
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Short again @ 2506

Scalp and Same stop
Covered at B/E

I think the tyres are worn out on this idea.. I may have pioneered one of the longest non productive scalps in journal history.

Running +25
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Old Sep 20, 2017, 7:25pm   #100
 
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David Knight started this thread Long 2497
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Old Sep 20, 2017, 7:30pm   #101
 
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Long 2497
Closed@ 2500 +3

Runnin+28
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Old Sep 20, 2017, 7:43pm   #102
 
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David Knight started this thread The last 2 posts merely add more personal anecdotal evidence to demonstrate that making money on the long side is easier than the short side, even when price is in a down trend.

Should the market pull back after the Fed I'll no doubt have a few more opprtunities to show how being a dumb bull is preferable to being a smart bear..
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Old Sep 21, 2017, 3:15pm   #103
 
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David Knight started this thread Everybody wants to buy in that gap.

1- It won't get there today 80%

2- It will overun a few points. 20%

Note- the odds could change ..
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Old Sep 25, 2017, 3:54pm   #104
 
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David Knight started this thread Buying @ 2495

Target 2502
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Old Sep 25, 2017, 8:47pm   #105
 
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Buying @ 2495

Target 2502
Took some heat on this trade early on, but keeping an eye on ADV/DECL it did not suggest the market would get progressively weaker despite the headline (top left)

Will hold/add if req
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