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Plan the Trade

  • #4,281
  • Jan 26, 2018 9:29am Jan 26, 2018 9:29am
-29 today and near flat on the week.

2b pb +1
pb +1
Pb -8
hook -8
pb -7
pb -8
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  • #4,282
  • Jan 26, 2018 9:37am Jan 26, 2018 9:37am
tough going so far .. will give it anothr 30:

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Become the casino
  • #4,283
  • Jan 26, 2018 9:38am Jan 26, 2018 9:38am
Hello all. I'm finally getting my mornings back on a more consistent basis, and should be trading more again. Pretty flat price action today, and my day was flat as well. A couple of +1's a +12 and a -8. Thanks for the videos H. They are great to watch and learn from. I very much like listening to your thought process as you trade. Also I am very impressed at the ease in which you place your orders, and let them play out. Thanks again, they really do help! I just hope that you know how much you do help us, and in such a selfless way. Thank you. Have a great weekend.
  • #4,284
  • Jan 26, 2018 9:46am Jan 26, 2018 9:46am
up 13 then back to +1 shame:

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Become the casino
  • #4,285
  • Jan 26, 2018 10:16am Jan 26, 2018 10:16am
sorry for late post was talking to capstone a very nice day and very acceptable week +160 ticks this week at 3 contracts
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  • #4,286
  • Jan 26, 2018 10:19am Jan 26, 2018 10:19am
Quoting dave347
Hello all. I'm finally getting my mornings back on a more consistent basis, and should be trading more again. Pretty flat price action today, and my day was flat as well. A couple of +1's a +12 and a -8. Thanks for the videos H. They are great to watch and learn from. I very much like listening to your thought process as you trade. Also I am very impressed at the ease in which you place your orders, and let them play out. Thanks again, they really do help! I just hope that you know how much you do help us, and in such a selfless way. Thank you....
welcome back dave and thanks for the kind words as far as being comfortable don't you here me vaping hard and often lol
  • #4,287
  • Jan 26, 2018 10:25am Jan 26, 2018 10:25am
Quoting Divergence
{quote} welcome back dave and thanks for the kind words as far as being comfortable don't you here me vaping hard and often lol
Darth Vapor.....the force is strong with this one!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,288
  • Jan 26, 2018 10:31am Jan 26, 2018 10:31am
hey CG heres one of your chart showing where the market was balanced and trades away from balance
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  • #4,289
  • Jan 26, 2018 10:31am Jan 26, 2018 10:31am
Only trade today. There were many others to take. I struggle with the "hutzpah" to place the order. It's mental for sure. Getting over it though. Have a good weekend everyone.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,290
  • Jan 26, 2018 10:44am Jan 26, 2018 10:44am
I'm concentrating mostly on the larger pullbacks, combining it with EW. When i consider a pullback to be corrective and retests the prior subwave 'i' (this is basically the original pinbar on larger scale - so would be Harold's +24 above)

JT will love me after this, for sure!)

Firstly, yesterdays trade again as an example;

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That resulted in a +32.

Now i messed about with some scalping trades earlier and had a couple of losers and a small winner, all in all i was down about 5 points, until i took this on the UJ, it was a replica of yesterdays trade;

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I couldn't hold out for the fresh low once we hit the demand area coupled with 10,900 (round number), but that was +52.

Now my point is this... Both times (yesterday and today), the PA long, looked to be corrective to me and that means that when it turns, it will print fresh lows.

Missed these, but Cable has been playing ball too;

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and then smaller scale of todays pullback;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,291
  • Jan 26, 2018 10:46am Jan 26, 2018 10:46am
Quoting Divergence
hey CG heres one of your chart showing where the market was balanced and trades away from balance {image}
I must have taken 12+ minutes to write my last post!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,292
  • Jan 26, 2018 10:49am Jan 26, 2018 10:49am
Quoting The Cableguy
{quote} I must have taken 12+ minutes to write my last post!)
lol what I was saying is all those areas were which market came into balance which we call consolidation but its where buyers and sellers agree on the price
  • #4,293
  • Jan 26, 2018 10:54am Jan 26, 2018 10:54am
This is no different to the above examples- the pullback is in ABC with wave C always in 5w;

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So, ok, i know i'm the only Elliottician here, but it's how i view PA and i can not change that.

The huge change from a year ago is that i am now capable of taking a trade at the prior Pinbar (or as i keep stating - that is subwave (i) in more detail), when it looks like the pullback is corrective.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,294
  • Jan 26, 2018 10:59am Jan 26, 2018 10:59am
its all good CG if it makes the chart clearer for you that's all that matters for me if just come down to where are the buyers and sellers likely to come in we both end up taking same trade and making profit at same time
  • #4,295
  • Jan 26, 2018 11:01am Jan 26, 2018 11:01am
as a side not to those who follow sam seidens supply and demand he would not have take that trade because it wasn't fresh I never understood why it has to be fresh so I got in the one where I got 24 and you got in it the second time
  • #4,296
  • Jan 26, 2018 11:09am Jan 26, 2018 11:09am
Quoting Divergence
its all good CG if it makes the chart clearer for you that's all that matters for me if just come down to where are the buyers and sellers likely to come in we both end up taking same trade and making profit at same time
Exactly H, i'm starting to find the harmony between EW and S/D zone trading. It's a process, but it is virtually impossible for me not to view the market in EW fashion.

In all honesty, this has been more of a hindrance whilst getting to grips with it all, but when viewing the slightly bigger picture, it is now coming together quite nicely!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,297
  • Jan 26, 2018 11:36am Jan 26, 2018 11:36am
Quoting Divergence
as a side not to those who follow sam seidens supply and demand he would not have take that trade because it wasn't fresh I never understood why it has to be fresh so I got in the one where I got 24 and you got in it the second time
He goes with fresh because it stands to reason that there are unfilled orders there on the first touch. The second touch would have fewer orders left unfilled because many were filled in the first launch and the second touch. It gets weaker each time as the number of people in line decreases. It just enhances the odds of the trade being successful. You'll notice that it touched that area three times, but each time, the entry rose. The line was moving.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,298
  • Jan 28, 2018 12:09pm Jan 28, 2018 12:09pm
If i were the market, this is what i would do!);

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,299
  • Jan 28, 2018 4:15pm Jan 28, 2018 4:15pm
Lot of differing views around on Sam Seiden but a guy called Dean Kenny is the best S&D trader I've ever known. I think he's still here in FF.
  • #4,300
  • Edited 2:49am Jan 29, 2018 2:34am | Edited 2:49am
hello,

123 dax

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how to know if the right entry point was the or on the first post?

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