X-Mas Break

Hey Guys
I've been lacking in the update department but low volatility in the oil is not a good arena for a retail trader. I will be back to trading January.

Happy Thanksgiving

Today being the last day for trading this week for me. We had a break of huge break below value. Bias for the day only shorts.

Trade 1&2 - short (+25, +23 tks)

11/22

The bond open was at rotation, so game plan was to fade the extremes. We recently broke out of value so short only there after till next value.

Trade 1-4 (2w-2l) (+28 tks)

Trade 5 (+20 tks)

Trading Room

Hello all
I would like feedback on what you guys think of starting a trade room? I don't know which online meeting company it will be through. Maybe Skype. Let me know what you guys would like and expect. Current students already trade in Skype with me. And its helped them alot. But not sure how that translate to someone outside the method. Legally I can't give live calls but I can say when I'm entering a trade. Please leave feedback.

Thanks

OF levels for today

Area for potential reversal, game plan around these area.

9355
9430
9460
9470

Update**
All levels were blown through so sat on my hands till we broke above 9470. Trend Day established. Bias was to the long side.

Trade 1 - Long (+41 tks)

Different Strategies

Past week I was going over with 1 of my student a strategy he was using before learning PVT. And he's drastically improved it by just applying what he learned. Mind you it includes CCI. I know there's a stigma against indicators but as long as you know value from HTF. Any strategy can work.

State of Mind

We all have a ritual. I made an effort to wake up 30 mins before with coffee and music as prep. I remember my negative days being when i just wake up and go straight to the pc. But that's the extent of it.

No meditation but i would try it. When I review charts in the weekend. There's nothing like a hookah session while reviewing.

11/08 Last Day

Today the market was in a range day. Fading the extremes. Today I used 1 contract as it being the last day and to reduce risk.

Trade 1 - Long stopped (-10tks)

Trade 2/3 - Short, both trades stopped at trailers, (+22tks)

11/07 Line in the Sand

Today 94.50 was the line in the sand. If the market maintained above 94.50 then bullish bias. Below 94.50 then bearish bias. Today the U.S opened below this level, so shorts only.

Trade 1 - Short on breakout pullback, (+16 tks)

Inquiry

Today I had several emails concerning mentorship. Listed is the itinerary for the 3 month mentorship.

1st month - Daily homework and review of HTF (Auction Market). I will show a different way of identifying value using a specific bar chart. This is an important process I use to develop my daily game plan. You will be held accountable for your work each day. This is how you will learn.

2nd month - Setup chart, I use range and renko chart for price structure.

3rd month - Orderflow to fine tune entry.

It's funny orderflow is the craze now but it's the least important. Location is key.

11/05 Those type of Dayzzzz

Today's game plan was bias short but we also had weekly VA which gave some long scalp opportunities.

Trade 1/2/3 - Counter-Trend trades long 2 scratch trades, 1 loss (-2 tks)

Trade 4 - Trend trade stopped at (+10tks)

11/04 Difficult Analysis

Today I had a bit of a mixed bias. Bias slightly to the downside but we are hitting some support in a tight confluence. But was only looking for shorts lining against supply.

Trade 1 - Scalp trade long but I cut it short as I saw sellers hitting the bid (+1tk)

Trade 2 - Short with orderflow confirmation (+16tks)

11/01/13

Trade plan for today, I was expecting a rotational day unless yesterdays levels broke. I did to the downside. I was looking for a pullback testing the VAL's but it just kept grinding down signifying a trend day. Bias was shorts only.

Today had 2 trades.

Trade 1 - Loser but did work if I kept my stop at usual place but this was just before FOMC and other news so kept stop tight against a volume cluster (-4).

Trade 2 - Winner (best setup after testing value) +20.

Hallowen Special!!!

Today I had time to trade the combine. Trade plan for CL was a high probability of a rotation day between 9680-9690 high back to 9620-9605 lows. So fade the extremes.

Trade#1 - Was a scalp to the low but got a -6 tk, forgot the open was 1 minute after entry. When I noticed this I kept stop at a volume cluster and buyer started lifting the offer right out the gate. It did hit scalp target so my focus was a reversal back to weekly VAH 85-90 area.

Trade#2 - Long with target to VAH, but trailers got stopped for +20tks.

EOD- Pretty much was a rotational day. I should have time tomorrow for my combine account. Skipped this Tues/Wed. So stay tuned for tomorrow.

Combine Adjustments

When starting the combine, I used an all in all out money management. Versus keeping a runner as I do with my personal account. And so far I like it with a 2-1 R&R. It's less damage to me mentally. I've had trades up 28tks and hit my +2 BE on my runners.

But I did keep the size the same (2lots). This size is my comfort zone. Since the current strategy I enter via stop orders with 70% percent of trades getting 1tk of slippage.

Risk to Reward

I often read and hear about different perspectives on this topic. On one extreme we have scalpers and on the other we have position trading.

My opinion at least at this stage of my development is "why scalp" if your a retail trader. If trading is a business and 1 lot is your product. Risk at 10 ticks (100 dollar product) and your reward is less then 10 ticks. You won't be in business for long.

But on the other side I can see a scalpers POV. It may have to do with there psychology more then having a high win ratio. Taking heat on a positive trade churns my stomach. And for many this plays tricks on your trading plan. But it's part of business.

P.V.T

Price- We all know price is king. Price structure is our momentum tool. Fine tuned with orderflow.

Value- Trend is a cousin more then a friend. I'm referring to trend being relative to perceived value by market participates.  There no such a thing as chop. Auction Market Theory tells us that the market is in a rotation (balance) or trend (imbalance). Identifying these supply/demand area is key and the blueprint to my trading plan.

Time- The market being the arena for buyers and sellers. There's going to be that human element. Time of day and looking at areas that is taught when you first started trading. Prime example which I recently added to my charts and put to practice was moving averages. But only in context with value.

TST combine

The way the combine is structured is a great way for a trader to evaluate themselves. The great thing about the market is that you learn something new everyday either about yourself or the market participates. Plan a trade and trade the plan.

Almost There!!!!

Starting to post my progress with my results so far for the TST Combine. Difficult trading 2 accounts (tst/personal). But doing this for possible mentoring in the future. Most stuff out there don't dare take this step. What's better then learning from someone who has proven themselves by passing the combine.