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hedge project - updates
MYM Morning session Tuesday 3/26/2024 05:09:00 PM GMT+03:00

First trade today. Entered at breakout of high of the day, above point of control and in bullish imbalance territory. Entry:

Buy 1 39785 MYMM4

Closed after first signs of exhaustion for 20 points.

Sell 1 39805 MYMM4

Probably too soon, will see.

Update at 10 pm +3 gmt just after the close of market.

The Dow traded sideways during the whole day and never managed to go higher so it turned I closed my long right. 

New point of control established and price action never managed to escape its gravity and stayed balanced through the whole trading day.

I couldn't resist making one last trade at close for several points on the breakout low of the day. After that price bounced of course.

Very balanced price action -- choppy for others. Below chart.

 


 

 


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Dow pointing lower on Fri Friday 3/22/2024 04:51:00 PM GMT+03:00

It's Friday and it's the last trading day for the week. The Dow futures are pointing lower from cash opening trading session. 

Here went for a short trade on the breakup of low of the day, SMA crossing point of control and price  going into imbalance bearish territory. Closed probably too soon. Will see later.

>>>>>>>>>>>>>>>>>>>>>>>>>>

Update: This is the close. The Dow futures traded steadily lower today. I could have held longer but anyway took profit.

Sell    1    40046    MYMM4    03/22/2024 16:40:45     
Buy     1    40025    MYMM4    03/22/2024 16:44:54



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Micro E-mini DOW 30 trade - am session Tuesday 3/19/2024 05:30:00 PM GMT+03:00

Here's my morning session trade $MYM M4 contracts closed with a profit for $20 bucks. 

Entry on a day high breakout - price above 14 SMA, price above point of control and breaking into low volume profile territory. Seems it's been a good runner which I closed too early. Will see and will post during pm session hours. 

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Edit after pm session closed. So the "pit" market closed and the day proved as very trendy and green. As for my trade, I closed it too early although could leave it trail and run. You never know. As for time being my main mistake is not letting runners run and on opposite clinging to losers in hope to reverse.. working on that and future trades will show.


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Trades

B/S    Qnty    Price    Contract    Timestamp   
Buy     1    39318    MYMM4    03/19/2024 16:25:33   
Sell    1    39362    MYMM4    03/19/2024 16:45:32

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Keep scalping Thursday 3/14/2024 10:41:00 PM GMT+03:00

I go on with scalping at price breakouts on lows of the day but profits are still small. Still waiting for the wave to set up as to ride along for bigger wins.

No Instrument    Pos.    Qty    Entry     Exit     Entry time    Exit time    Profit
1 MYM 06-24    Short    1    39220    39201    3/14/2024 21:08    3/14/2024 21:09    9,00 $
2 MYM 06-24    Short    1    39178    39171    3/14/2024 21:25    3/14/2024 21:26    3,00 $



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Choppy day Friday 3/08/2024 11:10:00 PM GMT+03:00

Quite choppy day today. Mainly watching the price action at Dow futures. Entered with a short trade at the breakout of day low for a fast scalp. I am trading breakouts and never learned trading bounces. There might be much better entries trading bounces; however I prefer trade imbalances and breakouts.

Sell    1    MYMH4     Stop    38769    Filled        03/08/2024 20:36:32   
Buy     1    MYMH4    Limit    38753    Filled        03/08/2024 20:39:57   


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Fast short scalp on breakout Wednesday 3/06/2024 11:03:00 PM GMT+03:00

Went for a fast short scalp on price action breaking out low of the day and bearish imbalance:

Sell 1 MYMH4 STP at 38647 - Filled - 1/1
Buy  1 MYMH4 LMT at 38611 - Filled - 1/1




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A loss day Tuesday 2/27/2024 10:22:00 PM GMT+03:00

It's been a losing day, right on direction but got stopped out on a tighter stop; following with emotional revenge trades that reduced loses but not good at all for discipline and meeting trading plan.




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Last trades for 21st Feb Wednesday 2/21/2024 11:38:00 PM GMT+03:00

 A couple of scalps before the close and closing statement below.










Overall it's been quite choppy day with no clear entries and no winners to ride.



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MYM_F dow futures day trading 2/21/2024 05:32:00 PM GMT+03:00

Two trades during the first hour of pit/cash trading of dow micro e-mini futures.

The first one got stopped out due to tight stop although overall correct direction long.

The second one was a winner on a breakout into imbalance territory.


 Trading day continues.

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if corn price above $5.884/bu, might be a good set up for a long trade for the day 12/08/2021 05:34:00 PM GMT+03:00
<script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> If corn price above $5.884/bu, might be a good set up for a long trade for the day.
Here we go with an entry long 






























With a take profit at $5.976/bu and stop loss at $5.825/bu





Here this long positing is still struggling. Corn futures at this time of the year are silent and less volatile, no big moves either way. Normally, I wouldn't keep overnight, but since this is a mini corn futures, amounts are very small.























Closed this at a small loss at $5.875/bu 

It's not my trading style to sit on a position and wait. As I wrote previously, I open a position during the day at a breakout, set TP and SL. If either one not executed, I close the position. The idea is to have a little bit more than 50% win rate and the risk/reward ratio to be 1:2, so the TP to be twice as much as SL.

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#corn edgy today, rather be stopped... Tuesday 12/07/2021 06:34:00 PM GMT+03:00
<script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> #corn edgy today, rather be stopped... 
Shorted mini corn March 2022 contracts at $5.787/bu

























Sell 1 XCH2 Limit 578 7 12/07/2021 17:24:28
Buy 1 XCH2 Market 584 3 12/07/2021 18:18:02

However market rebounded and got stopped out at $5.843/bu



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And so called closing statement Wednesday 11/03/2021 09:34:00 PM GMT+03:00
<script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> And so called closing statement, #corn didn't trade and go much lower entry, closed the trade at $5.642/bu https://t.co/XKwFcM1psY

B/S  Contract Product  avgPriceStatus  Timestamp         Quantity   Text      

Sell XCZ1 Mini Corn  565.25   Filled    11/03/2021 16:56     1        Entry    

Buy XCZ1 Mini  Corn  564.25   Filled    11/03/2021 20:17     1        Exit         



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that's how it ended, with a profit but mistake learned; never holding over night https://t.co/HC1prxE91P 11/03/2021 11:34:00 AM GMT+03:00
<script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> That's how it ended, with a profit but mistake learned; never holding over night.

In reply to my post from yesterday: Left with short trade overnight, here's some info how it ended. All good, I managed to close the trade with a profit; however as a day trader,  I never hold positions overnight.
 

What I do is one hour before market open, I start looking at grains charts - corn, wheat and soybeans. Studying bigger time frames as 6-month or yearly charts in order to get an idea of the bigger picture and overall movement of the underlying futures contract. Once market opens, I generally, stay in the side lines for the first half an hour or hour as to get the feeling of price direction, drawing highs and lows of the day and waiting for a break up or down as to either go long and short with brackets at take profit and stop loss targets. If either SL or TP has not been hit, I close the position. In particular case due to time difference and winter time clock change, I missed to close the position at market close, had to wait till morning as to see what it ended and finally exit the market.

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Left with a short trade overnight Tuesday 11/02/2021 09:15:00 PM GMT+03:00

Entered today for a short trade of mini corn Dec 21 contracts at 5.75 1/2/bu with TP at $5.66/bu and SL at $5.78/bu and made a huge mistake not taking into account that here in Bulgaria where I am trading from we already changed time to winter while in the US it is still summer time. Thought there is one more hour of trading and the market closed left me with an open position. Once electronic grain trading reopens, we'll see how much this mistake costs.


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Mini Corn Dec 21 Futures Trade from Nov 1st Monday 11/01/2021 05:55:00 PM GMT+03:00

Mini Corn Dec 21 Futures Trade from Nov 1st

Today, there the corn Dec 21 contracts continue its upward move although on lower volumes and with less magnitude as previous days. Entered long at $5.79/bu; however there was no enough momentum and on low volumes decided to take profit at $5.81/bu. I will continue watching the chart during the rest of the trading day as to see if the exit was too early or not. 

B/S   ContractDescription   Status   Timestamp  Qnty  Type   Limit Price

Buy XCZ1 Mini Corn  Filled 11/01/2021 16:36  1   Limit     579 0

Sell XCZ1 Mini Corn  Filled 11/01/2021 17:21 1   Limit     581 1


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Mini Corn Dec 21 Futures Trade from Oct 28th Friday 10/29/2021 05:09:00 PM GMT+03:00

Mini Corn Dec 21 Futures Trade from Oct 28th

Here I go with a trade from yesterday. Entered long on a breakout and closed as soon as it started showing signs of exhaustion. 

B/S Contract Product avgPriceStatus Timestamp Quantity Type

 Buy XCZ1 Mini Corn 563.125 Filled 10/28/2021 16:58:35 1 Limit

 Sell XCZ1 Mini Corn 567.25 Filled 10/28/2021 17:12:24 1 Limit

entry at 563.125

exit at 567.25 and exhaustion till the close


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Before the market open, I look into daily charts as to get an idea of the bigger picture. #corn is moving towards descending triangle breakup move, spurred on higher fuel and ethanol prices, inflation https://t.co/teQcRhbmAE Tuesday 10/26/2021 04:34:00 PM GMT+03:00
<script async="async" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Before the market open, I look into daily charts as to get an idea of the bigger picture. #corn is moving towards descending triangle breakup move, spurred on higher fuel and ethanol prices, inflation https://t.co/teQcRhbmAE


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Mini Corn Dec 21 Futures Trade from Oct 22nd Sunday 10/24/2021 09:27:00 PM GMT+03:00

Mini Corn Dec 21 Futures Trade from Oct 22nd

Usually, I don't like Friday trading day as there is quite less volume, many traders leaving early for the weekend and patterns hesitate to develop fully. The same was on last Fri trading day. The trade, although in profit, was a mistake.

B/S     Quantity Contract Type       Qty Fill Avg Fill Price Timestamp
Buy     1     XCZ1      Filled  Limit     1      537 6     10/22/2021 16:52:25
Sell    1     XCZ1      Filled  Exit      1      539 3     10/22/2021 20:29:13


 


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Mini Corn Dec 21 Futures Trade from Oct 21st Friday 10/22/2021 03:25:00 PM GMT+03:00

Mini Corn Dec 21 Futures Trade from Oct 21st

This is a short trade from yesterday. Shorted on mini corn's way down on low volumes and noiseless day. 

Sell XCZ1 Mini Corn 534.75Filled 0.125 10/21/2021 16:52:40 1 Limit

Buy XCZ1 Mini Corn 531.25  Filled 0.125 10/21/2021 20:33:32 1 Exit Market




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Mini Corn Dec 21 Futures Trade from Oct 18th Tuesday 10/19/2021 05:45:00 PM GMT+03:00

Mini Corn Dec 21 Futures Trade from Oct 18th

B/S             Contract avgPrice      Status _tickSize Timestamp

Buy  XCZ1 Mini Corn 528.875 Filled 0.125 10/18/2021 17:33:27 1 Limit

Sell XCZ1 Mini Corn 532.375 Filled 0.125 10/18/2021 20:08:23 1 Exit Market



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