Plan the Trade

seems like your getting the hang of this thomi

the 133 tick goes too fast for me for now ...

Sterling work going on here recently! Couple of you guys starting to nail it regularly too. It's great to see... nothing wrong in sticking in demo mode, me thinks... as i keep saying - when it is merely a force of habit to banking ticks, that is when i will be taking the plunge, cos live results are bound to be a lot less success than demo... for me it's all about how much i will 'freeze' up.

I started later again, just after 10:00, but it's fair to say that the faster action suits me far better than later. Last night was a set-back, but i enjoyed it again today;







few no connects, i've added what i can remember and one or two of the entries might have been a tick or two out, but basically that's as it was...

I feel like repeating Harold's post from yesterday Thomi!
I think it's time you went live!

on your second chart CG a couple of corrections

I've stopped placing orders at candle bodies, (as they will always vary according to what tick scale you're watching) and aiming for close to the start of the prior move, (hence my NoConnect).

The second trade (result -10) was indeed a poor trade and exactly what i had highlighted to Goose earlier - (trend was indeed down), i was simply looking for a reaction trade and need to stop taking these, although, at the time, it had double bottomed with a Demand level to the left. In fairness, later on, my 'NoFill' trade would have given a nice handful, under the same circumstances, so little bit, swings and roundabouts!

Just back at the computer. Yes CG that 2nd trade took me back to yesterday lol.
I know what you mean about the candle bodies as mine are a bit different than others posted.
Good weekend all.

What I want to see is a clear thrust/impulse bar in the pullback spot and use bottom of candle but that's me

I went and had my tea and i keep questioning everything, because, by my own admission, i'm not always sticking strictly to the exact 123, trigger, pullback strategy and i am sure that i need to tighten up somewhat, cos going Live, i'm sure that i will not be able to trade so freely.

Anyway, that wont really matter given time, because as i keep saying, if it becomes mere habit, all that is left to do, is hit the TSM button.

I decided to test it again for another mini session. Within approx ten minutes i had taken 3 more trades;

Firstly, back to EW for a wedge that i noted printing out, i hoped wave 'e' would go higher and so had to chase slightly when it started dropping;



The retrace suggested to me that there will be further to drop, as the wedge would have been an 'X' or a 'B' wave, so we need a 5w set short next. I got filled, but nipped out on a retest for +1;



Got in again and chased down for a +14;



Total 90 for the day in around 30/35 minutes total trading time - in fact i think i've spent longer writing up the posts and charts! Not sure how many comms... 11 i think.

This is no longer feeling like just a fluke!)

Today's chart was what I would call the perfect storm trend down trend up trend etc

Red line was 'gap close'. How many times do we see a massive rise following company results after hours, get reversed to close the gap the next day?)

The NQ truly is like taking a ride on a roller coaster each dip and each ride up are all fun

Today's trading was about the same time as a roller coaster ride 4 minutes lol