Plan the Trade

well that was fun took 2 trades and will stop oil inventories in 30 minutes I like it when market opens in extremes and there is no drive so I look to fade

Gap has been filled. Calling it a day.

nice going MC I love when price opens out of value but there is no drive away from value the only logical thing to do is to look to put on trade back to value

Trying to learn. I keep attempting at catching a falling knife and it doesn't seem to work so well or at least not when we are pushing back to value from an extreme.

been asked how I use these levels and what I look for so I did a little video so hope it helps

Watch this when I get home

Thanks, Harold...Just beginning this so it is a real help...Getting my TPO set up now.

Good stuff thanks

These levels create trading ideas

Thanks again.

great vid Harold very helpful much appreciated

Glad it helped guys

will try the 512 chart today:

I will post more again soon, but i'm afraid to say, i'm still tweaking!

I'm going more down the road of trading pullbacks, but i'm still applying MP at the moment.

My current plans involve varying the tick rate according to volume at the given time. It is pointless trying to trade 133 tick when the volume is heavy - there simply is not enough time to think clearly and react, whereas, likewise there is no point with 450/512 tick, for me, later on, when it is moving slowly...

In an ideal world, we would mechanicalise our trading to take away all the stress... a set-up is a set-up and traded accordingly... alas, we all know that no two set-ups are the same, thus discretion is paramount, that opens up a can of worms where our emotional mind set also varies (euphoric/fear etc)

I always liked the pullbacks to prior S/D zone going with trend idea. Add to that the C&H pattern and it becomes easier to spot. Add to that 'Hidden Divergence' and the set-up gets stronger.

Ok so this is revisiting some of what i was concentrating on a year or so ago, but the Nas has a canny habit of deep pullbacks, back to the last S/D area.

My levels for today. I'm done trading today or at least on the live account.

Nice trading MC.

That was quite a few charts in last post, but just to simplify things... the first one says it all...

Trend is down... what we do not know is whether it will continue, but we see a nice reverse C&H pattern and then look at the indicator... it rises steeply whereas PA is not interested, now we have HD formed and the indicator is ripe to drop down to lows again, taking Price with it;

well started off with loss and just kept putting them on stopped after big run 25 minutes of trading today

nice trading MC I was tempted to take that poke bar it was your session close and a HVN also nice ideas CG

I remember seeing your poke bar trade examples on your video yesterday. I thought since the POC was so close to yesterday's session close that sellers would push price there so I decided to try your poke bar trade 1 tick below.