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Plan the Trade

  • #1,241
  • Jul 27, 2017 8:35am Jul 27, 2017 8:35am
same exact trade as yesterday at the same time during the open. Probe to the highest high at a level and then sell off.
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  • #1,242
  • Jul 27, 2017 9:49am Jul 27, 2017 9:49am
''too close to 6000 not to have a go surely ''

----------------------------------------

Maybe, but it wants you to think that!

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  • #1,243
  • Jul 27, 2017 10:02am Jul 27, 2017 10:02am
Very nice day saw volume wasn't great at open dropped back to 450 volume will look later to see if 1000 was just as good. we opened above extreme with no drive north so plan was look for shorts
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  • #1,244
  • Jul 27, 2017 10:06am Jul 27, 2017 10:06am
Trading at it's best as usual H, nice one! ) I'm convinced the valleys and singles will fill before we see 6K, but let's see!
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  • #1,245
  • Jul 27, 2017 10:08am Jul 27, 2017 10:08am
just looked and it would not have been as good of a day I think with 1000 volume bars maybe if volume climbs I will revisit it I will just say with 450 volume bars and be very focused on the pullbacks when its trending
  • #1,246
  • Jul 27, 2017 10:31am Jul 27, 2017 10:31am
Quoting The Cableguy
''too close to 6000 not to have a go surely '' ---------------------------------------- Maybe, but it wants you to think that! {image}
yes you're right cg i got too taken up with the 6000 level
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  • #1,247
  • Jul 27, 2017 10:33am Jul 27, 2017 10:33am
Quoting Divergence
Very nice day saw volume wasn't great at open dropped back to 450 volume will look later to see if 1000 was just as good. we opened above extreme with no drive north so plan was look for shorts {image}
really like how you're using the poke bars h .. if you'd have taken your first long at the level then would have been a stop out .. break of the poke bar confirms the long and up we go .. top work well done
Become the casino
  • #1,248
  • Jul 27, 2017 10:35am Jul 27, 2017 10:35am
I love the poke bar at a level it works like a trader Vic 2b
  • #1,249
  • Jul 27, 2017 10:37am Jul 27, 2017 10:37am
i actually had a hvn marked in and break of poke bar would have worked great just after as well:

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  • #1,250
  • Jul 27, 2017 10:42am Jul 27, 2017 10:42am
I had that level in and removed it didn't really see any reaction to it per market and valley just below it. In my mind I looked at valley as VL to that level
  • #1,251
  • Jul 27, 2017 10:49am Jul 27, 2017 10:49am
2 more .. what a setup wow:

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  • #1,252
  • Jul 27, 2017 10:51am Jul 27, 2017 10:51am
One off my favorite
  • #1,253
  • Jul 27, 2017 10:59am Jul 27, 2017 10:59am
ras look at where those 2 setups happen in relation to market structure first one was a 2b break and the pullback formed the 123 the poke bar was end of the point 3 so great poke bar the second was pullback to demand
  • #1,254
  • Jul 27, 2017 11:01am Jul 27, 2017 11:01am
Quoting erasmus66
2 more .. what a setup wow: {image}

Exactly my thoughts Ras...

Couple of these are +1's to be fair and benefit of hindsight etc, but;

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  • #1,255
  • Jul 27, 2017 11:03am Jul 27, 2017 11:03am
I think its very important at open to see where price is to profile if above extremes and it drives look for pullback to go long if not look for shorts also CG go to data services and make sure its set to tick no seconds
  • #1,256
  • Jul 27, 2017 11:04am Jul 27, 2017 11:04am
Quoting Divergence
ras look at where those 2 setups happen in relation to market structure first one was a 2b break and the pullback formed the 123 the poke bar was end of the point 3 so great poke bar the second was pullback to demand

Yep the absolute key to it is combining with a profile line. For me valleys, Extremes and HVN's are where it's at and then combining with 2B breaks or 123's thereafter, but a nice pin bar at a line and then break... onto the next line.

It definitely takes a strong mindset... the need to flow with what you see and that can not be bought... practice, practice, practice! I've gone right off the rails lately, so i need to get back on track.
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  • #1,257
  • Jul 27, 2017 11:14am Jul 27, 2017 11:14am
It a combining of the both but those poke bars at a level are tremendous
  • #1,258
  • Jul 27, 2017 11:36am Jul 27, 2017 11:36am
Bit of EW 'hocus pocus' fun;

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  • #1,259
  • Jul 27, 2017 11:36am Jul 27, 2017 11:36am
Quoting The Cableguy
Trading at it's best as usual H, nice one! ) I'm convinced the valleys and singles will fill before we see 6K, but let's see!
you may be on to something. Valleys getting filled.
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  • #1,260
  • Jul 27, 2017 11:38am Jul 27, 2017 11:38am
Quoting The Cableguy
Bit of EW 'hocus pocus' fun; {image}
gap has filled or within 2 points of yesterday's session close.
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