This is another student submitted live trade example of a second entry long. This was submitted by Jorge. He did not manage to catch a runner on this one, but he made the attempt and still made an extra tick on his runner portion of the trade.

This was a trade with matching lows for a signal bar, which makes it OK to use either bar as your signal bar. The first one was a doji, so Jorge wisely waited on a better opportunity and was rewarded with a much better signal bar for his patience. Notice too that he counted the double top as a new high in this case.

Thanks for sharing Jorge and nice trade Jorge.

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Comments

juanmbaldi July 28, 2020 at 2:42 pm

Super nice! I took the same trade yesterday!
How do you do to record in Ninjatrader?

Eric July 28, 2020 at 2:42 pm

Jorge,

Nice patience and great capture! Good work :).

AZ July 28, 2020 at 2:42 pm

Awesome trade and great patience.

Geoff July 28, 2020 at 2:42 pm

Nice timing on the music too πŸ™‚

Highlander_TX July 28, 2020 at 2:42 pm

Thank you so much for sharing. Great video great trade

bedorusrex July 28, 2020 at 2:42 pm

Well done! The “bread and butter” trade as Mack says!

Ltap93 July 28, 2020 at 2:42 pm

Cool day trading tunes

KCLawler July 28, 2020 at 2:42 pm

Nice job on Patience

vtierres July 28, 2020 at 2:42 pm

Thanks for posting Mack! I looked at my daily journal and I took the same trade. These posts in addition to your daily chart lessons let me know I’m on the right track as I’ve only been at this a few months. Thanks again.

WildWex July 28, 2020 at 2:42 pm

Jorge and Mack – many thanks for sharing!

WildWex July 28, 2020 at 2:42 pm

Interesting.. it seemed that the order was placed at 3225.75 but filled at 3225.50. (slipped back and order placed). I understand that it’s rare but can happen.

mgriego10 July 28, 2020 at 2:42 pm

Great job, Jorge! How long have you been trading?

mitch007 July 28, 2020 at 2:42 pm

Does anyone knows if ninjatrader 8 has this tick counter on the bar yet?

Jorge July 28, 2020 at 2:42 pm

Hi Everyone! Thanks for the comments! I’m glad you liked it and could relate to it as well.

@juanmbaldi: I use “OBS Studio”. It’s a free/open-source application that rocks! It may look intimidating at first but once you grab the basic concept and configure it, it’s very very easy. There are many tutorials on YouTube. Check it out.

@Geoff: haha I noticed that too!. When order is filled the main beat starts. What a coincidence πŸ™‚

@Wildwex: Wow, I missed that! Thanks for pointing it out. I don’t recall ever seeing that. This is SIM and I know the NT engine tries to be as close as possible as live trading (avoiding immediate fills and such) so I don’t know if it was a glitch or intentional. I saw the slippage Mac had the other day (which I understand is strange on the ES) but slippage in our favor it’s really new to me. Have you seen it on the ES?

@mgriego: started in January/2019, so basically one and a half years (all in SIM). I estimate that it would take me that same amount of time (or more) to become a *consistently* profitable trader…which should be our final goal πŸ™‚

Sharon July 28, 2020 at 2:42 pm

Very nice, Jorge! Also I thought it pretty clever the way you first opened the trade way up there and it was all ready for you to place where you wanted it when the time was right. Never thought of doing that. It certainly saves the time to open a trade when speed is necessary. Even today I missed getting in several times in a trade I wanted due to the time it took to even open doing the right click.

Ryan4409 July 29, 2020 at 2:42 pm

Well done, Jorge. Thanks for sharing.

Knortzsch July 29, 2020 at 2:42 pm

Space music <3 ;D

Frantz July 29, 2020 at 2:42 pm

Nice trade Jorge and thanks for sharing. It’s great to see Mack allowing us to have a forum here to discuss each others trades.

I must admit I wouldn’t have taken that setup. Two reasons: 1) The pullback wasn’t quite back to the EMA (nor your blue support line); 2) With five overlapping bars, most of them with long stems (and the bar immediately preceding your entry bar being a doji), that’s a fair share of congestion.

That’s just my two cents. Keep up the good work and thanks again for sharing!

Jorge July 29, 2020 at 2:42 pm

@Frantz: Hi. Thanks for the well thought out feedback, really appreciated. My comments on your points:

1) I remember during the trade that it wasn’t bouncing precisely at the blue support line I had there and as you can see in the video I moved the line a little bit up (maybe confirmation-bias?). If you see Mack’s chart lesson for that day you can see he has the blue line (overnight highs) but then he created separate support/resistance lines for that small range that eventually formed (which was a couple of ticks higher) ..so in hindsight it wasn’t bouncing precisely at the overnight highs (where I had my 2x blue line). I was looking at it like as an important “level”: a general support/resistance area that might span a couple of ticks. Perhaps support moved a little bit higher after the overnight breakout? That was my thinking at the moment. And regarding the EMA…well it was close πŸ™‚

2) Great observation. Fair.

Thanks!

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