Joey's MP Journal

This is a discussion on Joey's MP Journal within the Trading Journals forums, part of the Reception category; 1377.58 (Weekly R3) 1343.25 (Resistance) 1328.75 (Resistance) 1319.08 (Weekly R2) 1316.75 (Resistance) 1300.50 (Resistance) 1289.67 (Weekly R1) 1276.00 (Support) 1271.58 ...

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Old Aug 6, 2008, 9:05am   #120
Joined Mar 2005
Levels for use 6th August

Joey25 started this thread 1377.58 (Weekly R3)

1343.25 (Resistance)

1328.75 (Resistance)

1319.08 (Weekly R2)

1316.75 (Resistance)

1300.50 (Resistance)

1289.67 (Weekly R1)

1276.00 (Support)

1271.58 (Daily Pivot Point)

1260.58 (Weekly Pivot Point)


1231.17 (Weekly S1)

1202.08 (Weekly S2)

1143.58 (Weekly S3)
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Old Aug 6, 2008, 2:27pm   #121
Joined Mar 2005
Overnight Value Area

Joey25 started this thread Additional Reistance at 1285.50.

This is the VAH from the current overnight session.

Chart attached.
Attached Thumbnails
6th-aug-overnight.jpg  
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Old Aug 6, 2008, 6:36pm   #122
Joined Mar 2005
6th August Trade1

Joey25 started this thread Selling overnight VAH (1285.50)

Sold at 1284.75
Stop at 1287.75
Exit at 1281.25
Gross p/l = +3.50

Next level to focus on is 1289.75 (Weekly R1)
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Old Aug 6, 2008, 9:12pm   #123
Joined Mar 2005
August 6th Trade 2 + End of Day

Joey25 started this thread Trade 2: Selling Weekly R1 (1289.75)

Sold at 1289.25
Stop at 1292.25
Exit at 1289.25
Gross p/l = 0

Got close to the target of 1285.25, but closed at breakeven at 15.00pm (I don't trade the last 15-minute bar)

Total for the day: +3.50 + 0.00 = +3.50
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Old Aug 7, 2008, 9:53am   #124
Joined Mar 2005
Levels for use 7th August

Joey25 started this thread 1377.58 (Weekly R3)

1343.25 (Resistance)

1328.75 (Resistance)

1319.08 (Weekly R2)

1316.75 (Resistance)

1300.50 (Resistance)

1289.67 (Weekly R1)

1284.92 (Daily Pivot Point)

1275.50 (Support)

1260.58 (Weekly Pivot Point)


1231.17 (Weekly S1)

1202.08 (Weekly S2)

1143.58 (Weekly S3)
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Old Aug 8, 2008, 9:16am   #125
Joined Mar 2005
Numbers for use August 8th

Joey25 started this thread Today sees the reintroduction of the Daily Point of Control into the levels list.

1377.58 (Weekly R3)

1343.25 (Resistance)

1328.75 (Resistance)

1319.08 (Weekly R2)

1316.75 (Resistance)

1300.50 (Resistance)

1289.67 (Weekly R1)

1278.75 (Daily Point of Control)

1273.50 (Daily Pivot Point)

1260.58 (Weekly Pivot Point)

1231.17 (Weekly S1)

1202.08 (Weekly S2)

1143.58 (Weekly S3)
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Old Aug 8, 2008, 3:36pm   #126
Joined Mar 2005
Trade 1 + End of Day

Joey25 started this thread Daily Point of Control (1278.75)
Sold at 1278.00
Stop at 1281.25
Exit at 1281.25
Gross p/l = -3.25

Not a good result with the reintroduction of the Daily Point of Control, however it did indirectly bring home the importance of not cutting short the winners.

Despite this failing today, I should now be at a stage where I'll average 5 trades a week, which is my first priority. I think it's easier to commit capital to a trade if the chances are it will be the only trade of the day.
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