Nasdaq Futures NQ Trading Diary

Trade 5/100



Trade 5 hits 150% so that is 5 for 5.
It also hit the 200% but as the probability of that is happening is less than 50% i am not tracking it. Just good to know that if you can afford to have a runner left on there is always that chance of a big win.

I was lucky enough to make some money in the London session, so not going to trade this setup, just for research purposes.

..in TSTrader, which TPO template do you use?

I didn't realise there were templates. I just made the chart look easy to read.


https://topstep.tradovate.com/?share...a-6fbbc7aa6105 does this help?

London and US are out of sync because the UK clocks went back, so currently, the futures open at 1.30 pm but will be back to 2.30 pm next week

..thank you for looking at this - i don't appear to have access to TPO charts as an option..will keep looking.

Its definitely in the latest desktop version and the Top Step web version. Maybe download again ?? Good luck finding it.

Will do. Thank you!

..ah, the TPO option is in the intermediate layout - i built the workspace using the default layout which doesn't provide TPO. Thanks again and good luck today!

took what i needed, going to see what the market does next. Hate trading around the London close.

..the 15:40(UK) bar will have trapped a few no doubt, you did well to get out.

agreed.

Yesterday was easier, as there was no setup that triggered.
Today, was definitely a fake-out (twice) , so potentially I could have got trapped long.
In terms of mitigating risk, I couldn't afford to put the stop on the other side of the IB range. I couldn't afford to put the SL at the 50% line, plus that is clearly a great place to buy a pullback. So in terms of strategy, I would be better off closing a long trade on the next candle that closes back inside the range, or to only take Classic retest trades that have already broken out and place the SL under the low.

I am considering a loss as a trade that would have not made it to the 150% line if I hadn't used a stop loss or exited manually. Other things to consider is that it is both the FOMC and NFP week and traders are less likely to run a trend during this week. US 10 year treasury yields were also rising today at the time of trading.

5 wins
1 no trade
1 loss

7/100

Not tradeable
FOMC


6 wins
1 no trade
1 loss

8/100

As I have ht my targets I won't be trading today or tomorrow.
Just going to post what I see that I find interesting.

..is that a 04:00UK algo line? Well done for hitting your target

basically, algo line is NYC 00:00 , quite often the price stops at it or the London trading open. I reckon the algo's are set to monitor prices from those times after they shut down at the futures close and start up again after the settlement prices have been printed.

I hit my weekly target, I just need to keep it now and come back after NFP. I am usually a terrible trader when there is this much going on in the calendar. Learnt my lessons.

Was a good setup though I am not sure I would have made any money. The Stop Loss would have to have been some distance away or I would have been maybe stopped out a few times before it decided to break higher to the target.

7 wins
1 no trade
1 loss

9/100

I'm attempting to learn more about TPO & Volume Profiles inspired by your posts and vids. Signed up for the TopStep Micros Combine to get some skin in the game.

Good luck,
I'll make some videos from next week and concentrate on the micros With TPO etc. What is your first target on a micro account?

Thank you! 1st target, $1,000.