Plan the Trade

4 trades taken ... +23 so far ... 1 trade left ...

Crap missed by 2 ticks

Long story 450

Up 22 grabbed 15

Shorted 1525 grabbed my last 10

Eventually got data rolling. First one was level from the big push up 6min before the market opened . . . .

The short down at 10:31?

Stopped at 5 trades with +48 ... my middle trade was a bit of a long shot, used the S/D level of before the open ... if I used the level just down with a nice tail I would have gotten a 25 ... those tails are powerful stuff!

That plus 25 showed up well on the 15sec chart also.

yes good trading jason your getting good at this

much much better unis less trades more profit

Everyone is green ... wow ... Mr D, you are a good teacher ...

How come your not trading the open anymore?.

Couple of reasons, i guess, but not strong reasons, simply that the time suits me better. Unlike you guys from across the pond, you can have breakfast, trade early and be done for the day - that is a 16:30 start for me and i run various other clubs, (cycling and English Speaking etc), so for me, a 19:00 or even 20:00 start time works well, so i can be all finished with my everyday stuff...

But on top of that, i've noticed lots more little channel runs later in the day (generally) and i'm enjoying looking for them to materialise;

Couple more from a moment ago;

EW hocus pocus;



This is the bit that i can't explain to anyone - when i see PA dropping after such a huge rise, it needs to be in sets of 3. I do not know in advance how far wave B will retrace, but once it returns to the short side, i am looking for the next leg to be (usually) be at least as long as wave A, thus i have a strong Short bias.

It just gives me a bit more confidence as to what to expect next. Combine it with pullbacks to prior Supply (be it a strong wick, a 123 trigger & retrace, or a channel line touch etc) and it seems to be working well. Whats great about it, is i've got my risk down to 8 ticks by doing this and i know i will have an easier switch to Live with this approach.

If i had been less aggressive with my stoploss chases on virtually all of today's trades, i could easily have doubled the result, so i still need to be a bit less trigger happy, hey ho, i would take these recent results Live and be a very happy chappie, so it's going in the right direction, bit by bit...

Rome wasn't built in a day and a dripping tap fills a bucket...