My journey to long term consistency

Preparation 20-04-2017
NASDAQ_2004017.jpg
 
Long NASDAQ-100

Net P/L +19.55 points

Amount: 1 contract

Opening Rate 5422.85
Close Rate 5442.4

Open time 20-4-2017 16:08
Close Time 20-4-2017 18:16

Stop loss: fixed stop below lowest low

Entry and exit on a 15m(!) chart
NASDAQ_21042017.jpg


Reason of closure: trailing SL got hit


Comments
Trade according to the system. Results are displayed on a 15m chart because I was not in time to be able to log it on smaller timeframe charts. The downmove was not that big (+-10 points). Setup got triggered so I took a position and price move immediately in my favour. But that didn't last long and price went down again as you can see on the two bars right from the green arrow. My SL didn't get hit and from then on I knew I had a good chance of having a massive winner. Price kept rising until it reached the montly 5440.00 level. So I put a trailing SL from there. Also 3 R had been reached so I had two reasons to put the trailing SL. Price went up some more but not that much and then the trailing SL got hit.

This is one of those big winners I was talking about. The new system got off on a bad start but this one trade is putting me back in the game. Still we will have to see the performance over a lot more trades. The journey continues.
 
Long NASDAQ-100

Net P/L +3.80 points

Amount: 1 contract

Opening Rate 5441.72
Close Rate 5445.52

Open time 4/21/2017 4:14 PM
Close Time 4/21/2017 6:04 PM

Stop loss: fixed stop below lowest low

Entry and exit on a 5m(!) chart
NASDAQ_2104017_Result.jpg


Reason of closure: trailing SL got hit


Comments
Trade according to the system. The black arrow on the chart indicates price approaching the 5448.52 level so I put a trailing SL there. Price did bounce off of it and I got stopped out a few minutes later. Setup isn't really visible because it was not that big of a move and it's a 5 min chart.
 
Long NASDAQ-100

Net P/L -0.2 points

Amount: 1 contract

Opening Rate 5630.22
Close Rate 5630.02

Open time 5/2/2017 4:29 PM
Close Time 5/2/2017 4:57 PM

Stop loss: fixed stop below lowest low

Entry and exit on a 1m chart
NASDAQ_0205017_Result.jpg


Reason of closure: trailing SL got hit


Comments
Followed the system, although price was hesitating for a while (after the big move) so I did not feel good with taking the trade, perhaps something to include for next time?

This trade looks like a winner but due to spread it's a very small loser. Had to put a trailing SL as indcated on the chart because price breached the 5631.15 level as per the system. Price stayed pretty much put but due to the SL being narrow I got stopped out.

Nothing more to add really.
 
Long NASDAQ-100

Net P/L -6.45 points

Amount: 1 contract

Opening Rate 5621.85
Close Rate 5615.4

Open time 5/3/2017 3:52 PM
Close Time 5/3/2017 4:07 PM

Stop loss: fixed stop below lowest low

Entry and exit on a 1m chart
NASDAQ_0305017_Result.jpg


Reason of closure: trailing SL got hit


Comments
Followed the system. Did not put trailing SL near the 5620.00 level because I opened near it and new system tells me not to put one... Alas trade didn't work out and I got stopped out.
 
Long NASDAQ-100

Net P/L +4.43 points

Amount: 1 contract

Opening Rate 5616.85
Close Rate 5621.28

Open time 5/4/2017 4:09 PM
Close Time 5/4/2017 4:28 PM

Stop loss: fixed stop below lowest low

Entry and exit on a 1m chart
NASDAQ_0405017_Result.jpg


Reason of closure: trailing SL got hit


Comments
Followed the system. It worked out. Will add more when I have time :)
 
Long NASDAQ-100

Net P/L -7.58 points

Amount: 1 contract

Opening Rate 5668.48
Close Rate 5660.9

Open time 5/10/2017 4:13 PM
Close Time 5/10/2017 4:26 PM

Stop loss: fixed stop below lowest low

Entry and exit on a 1m chart
NASDAQ_1005017_Result.jpg


Reason of closure: SL got hit


Comments
Followed the system. But it didn't work out. Price made a lower low though before entering something which I have observed is often a bad idea to enter then but it's not in the system yet.
 
Long NASDAQ-100

Net P/L +14.80 points

Amount: 1 contract

Opening Rate 5650.85
Close Rate 5665.65

Open time 5/11/2017 5:34 PM
Close Time 5/11/2017 8:01 PM

Stop loss: fixed stop below lowest low, later trailing SL

Entry and exit on a 5m(!) chart
NASDAQ_1105017_Result.jpg


Reason of closure: trailing SL got hit


Comments
Followed the system. And it worked out. I probably would have been stopped out a bit sooner had I placed my trailing SL at the 5660.78 level but I was not at a computer to do so at the time. Also it's not that that particular level had that much value yet because that level had just formed.

I was in time to place the trailing SL at the 5664.00 level and I got stopped out at a good level, afterwards price stagnated and never went much higher than the 5671.52 level.

Also the result chart is a 5m chart but I was also looking at the 5m chart instead of the 1m chart for detecting my setup because the initial big move was bigger than 25 points.
 
Short NASDAQ-100

Net P/L -7.20 points

Amount: 1 contract

Opening Rate 5692.52
Close Rate 5699.72

Open time 5/15/2017 4:08 PM
Close Time 5/15/2017 4:43 PM

Stop loss: fixed stop above highest high

Entry and exit on a 1m chart
NASDAQ_1505017_Result.jpg



Reason of closure: trailing SL got hit


Comments
Followed the system but a losing trade. One remark to make is that price first made a higher high before triggering my setup, something which I repeated many many times is usually a bad sign. Will most likely have to include this in the next iteration of the system.
 
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