{"id":558,"date":"2020-05-03T18:33:15","date_gmt":"2020-05-03T16:33:15","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=558"},"modified":"2020-05-03T18:33:15","modified_gmt":"2020-05-03T16:33:15","slug":"a-week-with-bracket-orders","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/","title":{"rendered":"A week with bracket orders"},"content":{"rendered":"\n

The market moved like expected<\/strong> and a new higher high was built. In the following article I write about the market overview and how I tried a week with bracket orders for my futures trading.<\/p>\n\n\n\n

Market<\/h2>\n\n\n\n

Here again the daily chart of the ES<\/strong>, the future of the S&P 500:<\/p>\n\n\n\n

\"\"
ES (daily)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

I do not expect anything different. We made the bounce around the 200 SMA \/ 250 EMA and touched the 50 EMA again. As I explained the last two weeks<\/a> I expect price stays within the monthly channel<\/strong>.<\/p><\/blockquote>\n\n\n\n

So, I will try to catch a part of the move from 2800\/2810 at least to 2900 or the 61.8% Fib. level of<\/strong> the correction.<\/p>\n\n\n\n

Futures<\/h2>\n\n\n\n

I couldn’t reach my goal of last week. Monday I had a big loss again<\/strong>. My conclusion was that I started too confident in the new week and was too focused on the current candles than to pay attention on the big picture<\/strong>:<\/p>\n\n\n\n

Last Week:<\/strong>
\u2022 Live account: +$0.00 (no change)<\/em>
\u2022 Paper account: -$179.77 (2 green days, 1 break even, 2 red)<\/em>
Last Month (April):<\/strong>
\u2022 Live account: -$100.08
\u2022 Paper account: -$181.70
This Month (May):<\/strong>
\u2022 Live account: +$0.00
\u2022 Paper account: +$8.91
[all amounts after commissions and fees]<\/em><\/p>\n\n\n\n

Because I analyzed the data the week before and I had again a bigger loss on Monday I decided to give bracket orders<\/strong> a chance. I started with a 2:1 bracket (-2 points for stop and +5.75 points for target<\/strong>, 2:1 after costs) and continued this until Friday afternoon.
For the last hours I tried a wider solution<\/strong> and traded the MES instead of the MNQ.<\/p>\n\n\n\n

To make it short:<\/span> It was a very enriching experience<\/strong> and I will continue next week. Especially the 2 point stop is a challenge<\/strong> but comes along with a high learning effect.<\/p>\n\n\n\n

Also, I decided to continue paper trading<\/strong> until I have a week with 5 green days and every day with really good setups. It’s a hard condition but I want to live from my profits and I do not want to risk more of my real capital with inexperienced trades or trades full of mistakes against my rules.<\/p>\n\n\n\n

But Thursday was my best day ever<\/strong>: I was patient<\/strong> and had just one trade<\/strong> with a really good setup<\/strong>, a hard stop of 2 points<\/strong> and a winner<\/strong>. Maybe I can repeat such a day twice next week?<\/p>\n\n\n\n

\n\n\n\n

I was asked for some hints<\/strong>: Create a document with all your rules<\/strong> and work on it at least every week, see it as a possibility not to trade<\/strong>, focus on the best setups<\/strong> patiently and prefer the signals on higher time frames<\/strong> to those of candles on 2-minute- or 5-minute-charts.<\/p>\n\n\n\n

What about also trying a week with bracket orders?
Stay healthy, and trade better than me.<\/em><\/strong> \ud83d\ude09<\/p>\n","protected":false},"excerpt":{"rendered":"

The market moved like expected and a new higher high was built. In the following article I write about the market overview and how I tried a week with bracket orders for my futures trading. Market Here again the daily chart of the ES, the future of the S&P 500: I do not expect anything […]<\/p>\n","protected":false},"author":1,"featured_media":565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[157,141,113,155,36,151,156,30,34],"yoast_head":"\nA week with bracket orders - The Market and Us<\/title>\n<meta name=\"description\" content=\"Read about the new higher high, my expectations for next week and how I tried a week with bracket orders for futures trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A week with bracket orders - The Market and Us\" \/>\n<meta property=\"og:description\" content=\"Read about the new higher high, my expectations for next week and how I tried a week with bracket orders for futures trading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/\" \/>\n<meta property=\"og:site_name\" content=\"The Market and Us\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-03T16:33:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/05\/jose-aragones-81QkOoPGahY-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/market-and-us.com\/blog\/#website\",\"url\":\"https:\/\/market-and-us.com\/blog\/\",\"name\":\"The Market and Us\",\"description\":\"Weekly Analysis of the Stock Market, Financial Coding and Online-Tools\",\"publisher\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/market-and-us.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/05\/jose-aragones-81QkOoPGahY-unsplash.jpg\",\"contentUrl\":\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/05\/jose-aragones-81QkOoPGahY-unsplash.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#webpage\",\"url\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/\",\"name\":\"A week with bracket orders - The Market and Us\",\"isPartOf\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#primaryimage\"},\"datePublished\":\"2020-05-03T16:33:15+00:00\",\"dateModified\":\"2020-05-03T16:33:15+00:00\",\"description\":\"Read about the new higher high, my expectations for next week and how I tried a week with bracket orders for futures trading.\",\"breadcrumb\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/market-and-us.com\/blog\/\",\"url\":\"https:\/\/market-and-us.com\/blog\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#webpage\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#webpage\"},\"author\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"headline\":\"A week with bracket orders\",\"datePublished\":\"2020-05-03T16:33:15+00:00\",\"dateModified\":\"2020-05-03T16:33:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#webpage\"},\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"image\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#primaryimage\"},\"keywords\":[\"bracket order\",\"ES\",\"futures\",\"loss\",\"S&P 500\",\"stocks\",\"stop order\",\"trading\",\"weekly summary\"],\"articleSection\":[\"Weekly Summary\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/market-and-us.com\/blog\/a-week-with-bracket-orders-558\/#respond\"]}]},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\",\"name\":\"Alexander\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/market-and-us.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/10\/redakteur-96x96.png\",\"contentUrl\":\"http:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/10\/redakteur-96x96.png\",\"caption\":\"Alexander\"},\"logo\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#personlogo\"},\"description\":\"Alexander bought his first stock in October 2009 without knowing about the luck for this point of time. In 2016 he started to trade, since 2017 he notes down watchlists and statistics every day and because he knows how to code since he was a child, he uses Python, PHP, HTML5 and JS for making the daily to-dos easier. Because many of his friends wanted him not to stop writing about the markets he started this blog to share his ideas and tools.\",\"sameAs\":[\"https:\/\/market-and-us.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yasr_visitor_votes":{"number_of_votes":0,"sum_votes":0,"stars_attributes":{"read_only":false,"span_bottom":false}},"_links":{"self":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/558"}],"collection":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/comments?post=558"}],"version-history":[{"count":5,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/558\/revisions"}],"predecessor-version":[{"id":564,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/558\/revisions\/564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/media\/565"}],"wp:attachment":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/media?parent=558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/categories?post=558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/tags?post=558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}