Plan the Trade | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Plan the Trade / Trade the plan 74 replies

Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies

My backtest - optimisation - trade plan 0 replies

A realistic trade plan 6 replies

my trade plan for next week 47 replies

Attachments: Plan the Trade
Exit Attachments

Plan the Trade

  • #3,901
  • Dec 22, 2017 7:57am Dec 22, 2017 7:57am
CG I think you got it. when I look for a strategy it first has to be consistently profitable statically then I work in the MM then I just trade it over and over again.
  • #3,902
  • Dec 22, 2017 8:01am Dec 22, 2017 8:01am
Quoting Divergence
CG I think you got it. when I look for a strategy it first has to be consistently profitable statically then I work in the MM then I just trade it over and over again.
Well... it's surprising how simple it is in all honesty.... we make it more difficult through the years, learning bad habits, becoming fearful etc...

Everyone on here strives to achieve your level H and that's a fact.

I see your work elsewhere and it's wasted on the majority. They still want to trade with indicators or use the Monthly/Daily charts etc! How can you ever make any money doing that? or more importantly, why would you?!

If a pattern works on the monthly... find it on the 1 min)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,903
  • Dec 22, 2017 8:07am Dec 22, 2017 8:07am
I'm creating Profile lines as PA develops, that good ole 61.8% retracement fib again!

Attached Image (click to enlarge)
Click to Enlarge Name: D22-12-17.png Size: 80 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,904
  • Dec 22, 2017 8:08am Dec 22, 2017 8:08am
when I read the pdf of the law of the charts many years ago it took me awhile till it sunk in by 2010 it has been part and parcel of how I determine the trend couple that with the 2b pattern I am usually on the right side of the market more often than not. Then came the MP levels to find these setups coupled with the pullback setups to s and d areas in the trend. all these little parts make up the road map I have been using and will never deviate from it EVER!!!
  • #3,905
  • Dec 22, 2017 8:29am Dec 22, 2017 8:29am
looks like maybe we get action today
  • #3,906
  • Dec 22, 2017 8:31am Dec 22, 2017 8:31am
CG, I'm just starting chapter 2 of "Trade Mindfully" and it speaks to the things you were addressing a couple of posts back. It seems obvious as I read it in the book, but without reading it in the book, it has little validity because there is no meat to the self observation. Gary Dayton puts meat on the bone and allows me to understand why my mind is playing these games exactly as you described. He applies sports psychology to the world of trading and he is a trader himself.

It is a long book with tiny print....but I think it will benefit me greatly.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,907
  • Dec 22, 2017 8:33am Dec 22, 2017 8:33am
got 15
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 138 KB
  • #3,908
  • Dec 22, 2017 8:44am Dec 22, 2017 8:44am
As for myself, i spent far far too long, over the years, concentrating on success rates per trade rather than by volume of trades. This led to constantly revising and narrowing down the criteria, until in the end, you want it to tick 3 boxes minimum before considering taking the trade...

Then you battle what i talked of previously, boredom trades.

It was totally the wrong approach. I think this year has seen a major milestone reached in the overall journey...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,909
  • Dec 22, 2017 8:46am Dec 22, 2017 8:46am
Quoting capstone
CG, I'm just starting chapter 2 of "Trade Mindfully" and it speaks to the things you were addressing a couple of posts back. It seems obvious as I read it in the book, but without reading it in the book, it has little validity because there is no meat to the self observation. Gary Dayton puts meat on the bone and allows me to understand why my mind is playing these games exactly as you described. He applies sports psychology to the world of trading and he is a trader himself. It is a long book with tiny print....but I think it will benefit me greatly....

Yep, it's basic psychology, but i'm amazed how well it works and in every aspect of trading too. Overcome that fear and you're there!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,910
  • Dec 22, 2017 8:51am Dec 22, 2017 8:51am
Quoting The Cableguy
{quote} Yep, it's basic psychology, but i'm amazed how well it works and in every aspect of trading too. Overcome that fear and you're there!)
That's just it, there is no overcoming your fear. It's a natural state of mind. Tim Bourquin interviewed 200 successful full time traders to look for common links to their success. One of the top items was becoming comfortable with being uncomfortable. They almost all said their trading desk is the place in their day they are the most uneasy and have the most fear and anxiety. Very interesting.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,911
  • Dec 22, 2017 8:54am Dec 22, 2017 8:54am
took poke bar at el for 20
Become the casino
  • #3,912
  • Dec 22, 2017 8:56am Dec 22, 2017 8:56am
will buy 78.25
Become the casino
  • #3,913
  • Dec 22, 2017 8:58am Dec 22, 2017 8:58am
cancel
Become the casino
  • #3,914
  • Dec 22, 2017 9:01am Dec 22, 2017 9:01am
14 more on hook
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 127 KB
  • #3,915
  • Dec 22, 2017 9:03am Dec 22, 2017 9:03am
+1 on pullback
  • #3,916
  • Dec 22, 2017 9:08am Dec 22, 2017 9:08am
Quoting Divergence
+1 on pullback
yep
Become the casino
  • #3,917
  • Dec 22, 2017 9:08am Dec 22, 2017 9:08am
If it goes up will sell 8950 thats gap fill and supply
  • #3,918
  • Dec 22, 2017 9:17am Dec 22, 2017 9:17am
To many wicks for a hook. Guys there is fear on every trade noone wants to have a losing trade but they happen. Key is based on probabilities thats why i just keep putting on the trades amd remove risk as soon as possible
  • #3,919
  • Dec 22, 2017 9:23am Dec 22, 2017 9:23am
got +1 from pb shame
Become the casino
  • #3,920
  • Dec 22, 2017 9:34am Dec 22, 2017 9:34am
Quoting erasmus66
got +1 from pb shame
+1 ras? I took pullback from 123 short at 8450 got up 18 got 11
22 traders viewing now