A Thread of All The Trades my Two Systems Produced this Week
Results: 5/11 - 45% Win Rate
Potential R = 17R(Wins) - 6R(Losses) = 11R
Even capturing 1/2 of the wins (without adds) would have gave us about 5R
For a week like last week that's a major win in my book
Results: 5/11 - 45% Win Rate
Potential R = 17R(Wins) - 6R(Losses) = 11R
Even capturing 1/2 of the wins (without adds) would have gave us about 5R
For a week like last week that's a major win in my book
Trade #1 - Monday 2/6/23
Setup: Counter Trend Trade (Buy)
Result: Win
Possible R: 2.64
Other Notes: Didn't Trend but it still gave a nice opportunity
Setup: Counter Trend Trade (Buy)
Result: Win
Possible R: 2.64
Other Notes: Didn't Trend but it still gave a nice opportunity
Trade #2 - Tuesday 2/7/23
Setup: Counter Trend Trade
Result: Loss
Potential R: n/a
Setup: Counter Trend Trade
Result: Loss
Potential R: n/a
Trade #3 - Tuesday 2/7/23
Setup: Counter Trend Trade
Result: Win
Potential R: 2.88
Setup: Counter Trend Trade
Result: Win
Potential R: 2.88
Trade #4 - Tuesday 2/7/23
Setup: Wave Rider
Result: Loss
Potential R: N/a
Notes: Notice the sets of multiple LH's after stopping out. Could hint of a failed setup, take note
Setup: Wave Rider
Result: Loss
Potential R: N/a
Notes: Notice the sets of multiple LH's after stopping out. Could hint of a failed setup, take note
Trade #5 - Wednesday 2/8/23
HTF Trend: Bullish
Setup: Counter Trend Trade
Result: Loss
Potential R: 1R
HTF Trend: Bullish
Setup: Counter Trend Trade
Result: Loss
Potential R: 1R
Trade #6 - Thursday 2/9/23
HTF Trend: Bullish
Setup: Counter Trend Trade (Buy)
Result: Loss
Potential R: N/a
Note: Notice how long it took for price to get over VWAP, clear sign of weakness confirmed by VWAP rejection
HTF Trend: Bullish
Setup: Counter Trend Trade (Buy)
Result: Loss
Potential R: N/a
Note: Notice how long it took for price to get over VWAP, clear sign of weakness confirmed by VWAP rejection
Trade #7 - Thursday 2/9/23
Setup: Wave Rider
Result: Loss
Potential R: N/a
Notes: Price had already been trending for hours, showing signs of extension, and it was 1pm.
When signs of exhaustion (define this) are present, wait for a deep cut trade
Setup: Wave Rider
Result: Loss
Potential R: N/a
Notes: Price had already been trending for hours, showing signs of extension, and it was 1pm.
When signs of exhaustion (define this) are present, wait for a deep cut trade
Trade #8 - Thursday 2/9/23
Setup: Wave Rider : Deep Cut
Result: Win
Potential R: 5R
Setup: Wave Rider : Deep Cut
Result: Win
Potential R: 5R
Trade #9 - Thursday 2/9/23
Setup: Wave Rider
Result: Win
Potential R: 3.65
Setup: Wave Rider
Result: Win
Potential R: 3.65
Trade #10 - Friday 2/9/23
Setup: Counter Trend Trade
Result: Loss
Potential R: 1R
Note: Don't be itchy to catch these, wait until at least 10am
Setup: Counter Trend Trade
Result: Loss
Potential R: 1R
Note: Don't be itchy to catch these, wait until at least 10am
Trade #11 - Friday 2/9/23
Setup Counter Trend Trade
Result: Win
Potential R: 2.85
Note: Look at intermediate targets like premarket highs/lows or intraday high/low, leave a piece in case we truly trend, but don't bet on it. You can use wave rider to catch more trades in a trend
Setup Counter Trend Trade
Result: Win
Potential R: 2.85
Note: Look at intermediate targets like premarket highs/lows or intraday high/low, leave a piece in case we truly trend, but don't bet on it. You can use wave rider to catch more trades in a trend
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