Plan the Trade

My day was blah! 10 trades +8 so basically break even I suppose. Could have been worse. I'll chalk it up to learning what not to do on bad trades and management. Back to a clean slate tomorrow.

You always put on more trades than I do maybe less trades are more

yep- probably me having less experience I tend to get in and out of trades not being confident to hold 20-30-40+ ticks always. With more experience, hopefully, i'll get better reads and entries with more confidence to hold for my target.

I, for one, still have tonnes to learn about Market Profiling... for example, right now i am concentrating more on what to delete, then what to add to the profile each day. For me, there is no point keeping value lines and POC's from several days previous, cos eventually you'll fill your chart up with lines.

The times to run for 30/40+ ticks, is when it is the next substantial target according to the profile, (if we open above value and do not drive, it is likely we will visit POC at some stage etc)

For me, marking out single prints (valleys) is essential;



As i pointed out yesterday, if you have, in your mind, the view that the top of a valley needs to be tested to the short-side and is thus a target, you can sell pullbacks and run the position with that little bit more confidence. This for me, is a great example of when to catch the bigger hits.

here's the 2b with div hitting level .. great setup:

Nice one ras all setups around levels are high probability trades

Looked like a good setup at 2675 on pullback at hvn

Rad what does tpo mean

NQ moves at a furious pace! LOL

Well if poc was 9 a buy off there gets you a bunch

tpoc .. time point of control

yes great spot missed that one

I was on full tilt today and just switched it over to sim.

+104 with 30 trades. That's not even a 3.5 tick per trade average, but still walked away with a nice day.

4 break even
7 losses
19 wins

Market is too crazy right now, but it would be interesting to see these 2 singles get filled today off of the Trump tweet news and then the FOMC. Price has been dropping steady.

Yeh, i've been expecting them to get filled, but when it started going the other direction instead earlier, it confused things a little. I had a mixed day but the market was trending and there were C&H's and flags galore, so it should have been a good score.... I did manage to have a +38 in amongst the proceedings which at least made enough for a loaf of bread.



It was EW based tbh, using channels, i had the first drop as one complete cycle, thus there should be another to follow. Divergence built during pullback (B), thus a sell on the turn. If that was my only trade today, i would have been happy.

Nice trading nonetheless. +38 is still more than enough for a loaf of bread

Funny how the markets work. Price shot up at 1200 (US lunch and London Close) to fill the singles from 8/14. Immediately, Trump news comes out around 1245 or so about disbanding the manufacturing councel and price drops back to the session close (the dip). Once price arrives at the session close, FOMC comes out and orders fill at the POC and price rallies.

One could say look at the fundamentals, but also you could say it's all in the technicals, but the fundementals just pushed the price quicker to get to the orders. I bet the singles down below in the 5880-5896 area will fill this week. Maybe fundamentals will push it down quicker.

30 trades mc you are a major scalper

i think it's called fear and greed! I was at +68 with 10 trades around 10:15 and ended up hours later at +104 with 30 trades. The net was not much different. After commissions it came out to +18 net difference so $90 more for all of the added pressure and risk in the market, but I was trying to get to +100.

Your broker loves you I put on maybe 30 trades in 2 weeks