Second set of news, ISM under 50 is bad but it depends how the market views the future which will determine the direction, if the market is paying attention to manufacturing right now. China is more of a concern. Even more so than the riots. ...

Becoming A TopStep Trader 2020

First Lot of News is out and the ES breaks to the upside of the Opening Range image image

Becoming A TopStep Trader 2020

I received some questions, so i'll do my best to answer them. 1. How do you go about filtering noise? For example, some days there would be whipsaws at the market open? Trading the market Open is one of the most volatile times of the day - every ...

Becoming A TopStep Trader 2020

Today's levels bought to you by range range expansion and return to the 50% level I had to break a rule today - oops image

Becoming A TopStep Trader 2020

Turns out my TP target of 3000 would have been hit. Shame about the deep retrace before. Glad to have got out when I did and taking the money is always a good thing. image

Becoming A TopStep Trader 2020

ES made me sweat today - I picked my range and had a plan. FoShoBro (Fake Out, Shake Out, Break Out) - unfortunately, I picked the smaller range and wasn't planning on the larger one being tested. That became the case, as I traded into the news (2nd ...

Becoming A TopStep Trader 2020

Probably left a load on the table but my idea is to do one trade a day from now on. image This one netted image Was looking at how much a delivery drive can earn in a day. 8 hours a day at £8.75 per hour, = £70 This is $287 which is the ...

Becoming A TopStep Trader 2020

image My Multi Time Frame analysis says, we're currently ranging, with a slight bias to the upside, but Volatility has decreased and the range is too large for me to place a Stop Loss in a safe place, without wiping out my daily / weekly risk.

Becoming A TopStep Trader 2020

This was on twitter today - Things I ask myself before a trade: What's the market structure, range or trend? Where are the major SR areas? Can I lean my stops against SR? Where would opposing pressure come in? How is price moving, chop or clean? ...

Becoming A TopStep Trader 2020

Putting it al together today, Trend = is the channel moving lower or higher, or maybe expanding in both directions? Trend = is the fast moving average below or above the slow moving average? Momentum = has price recently made a new low/high? ...

Becoming A TopStep Trader 2020

If you trade breakouts, you want to see an increase in Volume as confirmation. Also, it is a good idea to have an identified range that you are breaking out from. In this instance, the price was trapped between the VPOC (Blue) from yesterday and the ...

Becoming A TopStep Trader 2020

Identifying a trend is quite easy, Higher Highs + Higher Lows is Bullish. A lot of people will trade the breakout (momentum trade), or fade the breakout back to the mean (reversion trade). A trend trader will attempt to join an established trend and ...

Becoming A TopStep Trader 2020

Here is another trade - this time short, as the ES has taken a tumble, breaking through the initial balance low. Trending lower towards 2920 image image

Becoming A TopStep Trader 2020

Attached is an annotated chart: The Green and Red lines are basically Donchian channels and only for illustration purposes, they are the easiest ways to show higher highs and higher lows. If you put a smaller Donchain channel overlayed too - it ...

Becoming A TopStep Trader 2020

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Becoming A TopStep Trader 2020

Tried to make my thinking as obvious as possible. I look for ranges, trending moves denoted by Higher Highs + Higher Lows, or, Lower Lows + Lower Highs. Targets are 00, 20, 50 and 80 levels Using a trailing stop to pay the trader. image

Becoming A TopStep Trader 2020

First of all, thanks for voting - when we get to 10 votes, i'll have a better understanding of what views of this trading diary actually find interesting. Today's trading is over and done with. 11:43am to 12:06pm (you can do the math) but the ...

Becoming A TopStep Trader 2020

Looks like I may have closed out early on this trade but the idea is to get to a certain profit target twice as much as I am willing to risk. In the future when I can safely trade multiple lots I'll be able to take profit and leave a runner. image ...

Becoming A TopStep Trader 2020

Stopped trading for the day. Today was about taking small losses. Letting a winner run towards a logical level. The difference between today and yesterday was, I didn't hold and hold for the level I think the market will reach. IMHO the ES goes to ...

Becoming A TopStep Trader 2020

mid trade update for today, just so I can document what I am noticing. We've all been looking for ways to trade supply and demand, and we all know that markets go up when there are more buyers than sellers. We all know that stops are placed on the ...

Becoming A TopStep Trader 2020