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Plan the Trade

  • #3,601
  • Nov 28, 2017 9:08am Nov 28, 2017 9:08am
every time I consider changing my rules, I end up losing. lucky it is on SIM. I get freaked out after a losing trade and then think to reconsider. NQ is about trading pullbacks, imho and I shouldn't change from the 512 chart. furthermore, it is OK to have some -15s because a surge move usually takes them. I keep on making this mistake.
  • #3,602
  • Nov 28, 2017 9:16am Nov 28, 2017 9:16am
might form hat
Become the casino
  • #3,603
  • Nov 28, 2017 9:25am Nov 28, 2017 9:25am
+1
Become the casino
  • #3,604
  • Nov 28, 2017 9:26am Nov 28, 2017 9:26am
not moving yet will go another half hour
Become the casino
  • #3,605
  • Nov 28, 2017 9:46am Nov 28, 2017 9:46am
that was a bad day for me. -11ish or something
  • #3,606
  • Nov 28, 2017 9:49am Nov 28, 2017 9:49am
All of the momentum was in the first 20 minutes, then nothing. I only saw a couple trades worth considering. CG, did you do anything this morning since you're going back to the opening?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,607
  • Nov 28, 2017 9:52am Nov 28, 2017 9:52am
HEY FOM! How is going for you? I always liked seeing your charts.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,608
  • Nov 28, 2017 9:53am Nov 28, 2017 9:53am
Quoting capstone
All of the momentum was in the first 20 minutes, then nothing. I only saw a couple trades worth considering. CG, did you do anything this morning since you're going back to the opening?
Funnily enough, i've just sat watching for half and hour with the platform toggled to 'Live', but i have just about fallen asleep!

I might look again later, but i will concentrate on catching up the last two weeks opens on replay over the next few days.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,609
  • Nov 28, 2017 9:55am Nov 28, 2017 9:55am
Quoting The Cableguy
{quote} Funnily enough, i've just sat watching for half and hour with the platform toggled to 'Live', but i have just about fallen asleep! I might look again later, but i will concentrate on catching up the last two weeks opens on replay over the next few days.
I don't understand your EW stuff, but I do enjoy reading it all!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,610
  • Nov 28, 2017 10:06am Nov 28, 2017 10:06am
I remember many years ago, just thinking it was a load of tosh and likewise, didn't understand it, nor wanted too!

But.... the way that it gets you to view movements is pretty interesting. You need to be on the case and i am already fatigued today, so a bit behind the curve ball. I was thinking it was going to drop, but missed getting onboard the engulfing candle just before the desirable 3rd wave short a moment ago;

Attached Image (click to enlarge)
Click to Enlarge Name: Q28-11-17.png Size: 125 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,611
  • Nov 28, 2017 10:09am Nov 28, 2017 10:09am
Maybe I'll look into it a bit CG. I always like to learn something different.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,612
  • Nov 28, 2017 10:13am Nov 28, 2017 10:13am
sitting in dr office with tablet cant login for some reason I put on 2 trades and hade to leave
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 134 KB
  • #3,613
  • Nov 28, 2017 10:15am Nov 28, 2017 10:15am
Quoting capstone
Maybe I'll look into it a bit CG. I always like to learn something different.

If i'm honest, it's a huge chapter to embark on. I honestly don't think it's worthwhile starting!

Yes, anything we learn should be a benefit, but in this case, a little knowledge is dangerous. It's prob better spending time on Market Profile.
You're talking years, before EW becomes of any benefit...

Hey, just my two penneth!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,614
  • Nov 28, 2017 10:17am Nov 28, 2017 10:17am
Quoting The Cableguy
{quote} If i'm honest, it's a huge chapter to embark on. I honestly don't think it's worthwhile starting! Yes, anything we learn should be a benefit, but in this case, a little knowledge is dangerous. It's prob better spending time on Market Profile. You're talking years, before EW becomes of any benefit... Hey, just my two penneth!)
Noted! Thanks for saving me the time!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,615
  • Nov 28, 2017 10:17am Nov 28, 2017 10:17am
Quoting Divergence
sitting in dr office with tablet cant login for some reason I put on 2 trades and hade to leave {image}
Hope your feeling better H.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,616
  • Nov 28, 2017 10:28am Nov 28, 2017 10:28am
Quoting capstone
{quote} Hope your feeling better H.
well more of the same take injections with potential side effects or live with it I chose live with it however long that is
  • #3,617
  • Nov 28, 2017 10:40am Nov 28, 2017 10:40am
Quoting The Cableguy
I was thinking it was going to drop, but missed getting onboard the engulfing candle just before the desirable 3rd wave short a moment ago; {image}
That engulfing candle closed at a intraday support. Wouldn't that make you nervous to go short?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,618
  • Nov 28, 2017 10:49am Nov 28, 2017 10:49am
Hello all. I was following Harold's Nq thread from earlier this year. I was sorry to see it go, but I'm very happy to have found you all again. Harold, you are my HERO and I continue to learn from you. THANK YOU very much for all you do. I have been reading through the old posts here and catching up on it all. I do appreciate you all.
Cableguy - your posts are all very interesting and helpful. I have noticed that you speak a lot about emotions, as it is a huge part of trading. I too struggle with my emotions when trading as most do. When I first started trading I was told you need to remove your emotions from trading, but now I know that is false and not even possible. We can not control our emotions, but we can learn how to deal with them better. TRADE MINDFULLY by Gary Dayton, is a fantastic book on this subject. I recommend it to all. I am still working thru the book and will read it again and again. Emotions can not be suppressed or controlled. If we try to suppress our emotions, then that is what we are focused on, the emotions, not the market or price action or managing the trade. We need to accept our emotions for what they are, temporary passing events. It is important to be aware of them, but to not act on them. TRADE MINDFULLY has really opened my eyes to all of this. I do think this book will help most traders. Just my way of contributing to the forum, as my trading and charts would not be of great help to anyone at this time. I look forward to continuing to learn from you all and hope to help in anyway that I can. Thank you all.
  • #3,619
  • Nov 28, 2017 10:59am Nov 28, 2017 10:59am
Quoting dave347
Hello all. I was following Harold's Nq thread from earlier this year. I was sorry to see it go, but I'm very happy to have found you all again. Harold, you are my HERO and I continue to learn from you. THANK YOU very much for all you do. I have been reading through the old posts here and catching up on it all. I do appreciate you all. Cableguy - your posts are all very interesting and helpful. I have noticed that you speak a lot about emotions, as it is a huge part of trading. I too struggle with my emotions when trading as most do. When I first...
hey dave good to see you everything is still the same except I added market profile to take these setups from. as I have said in past posts emotions are a part of trading and even after 17 years I still have them. The way I combat it is twofold I move stop to BE after I get up 6 and secondly knowing that these setups work about 75% of the time I like the probability of them succeeding
  • #3,620
  • Nov 28, 2017 11:08am Nov 28, 2017 11:08am
Quoting capstone
{quote} That engulfing candle closed at a intraday support. Wouldn't that make you nervous to go short?

No, it is purely EW based. I labelled and posted the chart in hindsight and i was too slow in recognising the move. For me, the clue is in the last blue 'a' wave being 3w abc, (as opposed to a 5w move), 'b' is always in 3w, but will become a 'flat correction' after a 3w 'a', (basically it will retrace all or nearly all of 'a');

Attached Image


The NQ loves double tops/bottoms for flat corrections, i've never seen so many on any other instrument!

When it did not make a fresh high, it then started it's 'c' wave;

Attached Image (click to enlarge)
Click to Enlarge Name: Q28-11-17.png Size: 125 KB


As i say, i was too slow in recognising it.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
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