Today I caught a sweet move down to the retest of yesterday’s VAH (right before that perfect bounce on the Asian open!).
I was trading off my phone while at the tattoo studio and fat fingered my trailing stop-loss TWICE, so had to reopen the position a couple of times hence the messy execution.
But for simplicities sake we’ll keep the below as one trade as it was supposed to be - net total after the trade hit target was +31 ticks.
My Trade:
Trade 1:
SHORT 1 CONTRACT at 2,684.3
TAKE PROFIT on 1 CONTRACT at 2,680.6
Total Outcome (after fat finger slip ups): +31 ticks
Should have been +38 ticks without taking a hit on a couple of contracts. Word of advice - try not to trade on your phone lol.
Futures Trading Prop Firm I Use (60% Discount)
Executions + Trade Reason:
Trade Breakdown:
Price trading above VAH, made a new high of the day then failed to make a second high. Lots of selling on the Time & Sales.
Got short @ 2,684.3 with a -20 tick stop loss, targeting a retest of the VAH.
Fat fingering ensues, tried to pull my stop down to measure where I was going to trail the stop in profit - buggered this TWICE.
Reopened the position both times with a tighter stop (-10 ticks) and targeted my initial target down at VAH for 2,680.6
Price quickly hit target, before a perfect bounce off the VAH!
Commentary: Great trade, just really messy execution. I’ve had this happen to me a few times in the past when trading off my phone. Moving the stop loss can get glitchy especially when phone signal is patchy.
Thursday Levels:
The levels I’m looking at going into Thursday are:
Value Area High: 2,688.6
Point of Control: 2,684.1
Value Area Low: 2,680.2
Another green day in the bag! Still no luck with my stream setup, I have to call my internet provider today to see why I’m unable to stream properly after upgrading….(with so called “hyper fibre internet”).
Hopefully I can get it fixed so we can get daily live sessions in again by next week, I’m itching to get back to streaming again and doing some live trading.
Catch you tomorrow.
Cheers
~Cammy Capital
Discount Links:
Futures Trading Prop Firm I Use (60% Discount)
Bookmap 20% Discount (Code: CAMCAP)
Footprint Charts I Use ($15 Discount)
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CFTC RULE 4.41: “These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.”
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