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Plan the Trade

  • #4,301
  • Jan 29, 2018 5:01am Jan 29, 2018 5:01am
Quoting handy148
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.
Is this him ?
https://www.forexfactory.com/showthr...88#post9758988
every Saint has a past. Every Sinner has a Future
  • #4,302
  • Jan 29, 2018 5:43am Jan 29, 2018 5:43am
Quoting turnip15
{quote} Is this him ? https://www.forexfactory.com/showthr...88#post9758988
Yeh, i happened across that thread yesterday. Funny, for the first time other than when on Harold's threads, i found myself agreeing with everything that i read!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,303
  • Jan 29, 2018 8:58am Jan 29, 2018 8:58am
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Become the casino
  • #4,304
  • Jan 29, 2018 9:01am Jan 29, 2018 9:01am
Going in to the second half of the morning, I'm finding it tricky. No trades yet today.

We have to run out of buyers at 03.50 eventually, don't we? LOL
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,305
  • Jan 29, 2018 9:26am Jan 29, 2018 9:26am
did a little research over the weekend to try and shorten candle length so I did 400 tick chart today and it was textbook pullbacks
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  • #4,306
  • Jan 29, 2018 9:28am Jan 29, 2018 9:28am
I was focused and patient today, and am happy with the results.
I like your trades Ras.
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  • #4,307
  • Jan 29, 2018 10:27am Jan 29, 2018 10:27am
nice trading dave and ras
  • #4,308
  • Jan 29, 2018 10:33am Jan 29, 2018 10:33am
well done guys .. gave it another hour .. ended +9:

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Become the casino
  • #4,309
  • Jan 29, 2018 10:36am Jan 29, 2018 10:36am
notice that the one trade i missed would have made 30 .. the thin line between failure and success
Become the casino
  • #4,310
  • Jan 29, 2018 10:38am Jan 29, 2018 10:38am
Quoting erasmus66
notice that the one trade i missed would have made 30 .. the thin line between failure and success
it always is isn't it. try looking at a 400 tick and see what trades would you have gotten
  • #4,311
  • Jan 29, 2018 1:07pm Jan 29, 2018 1:07pm
Quoting erasmus66
notice that the one trade i missed would have made 30 .. the thin line between failure and success
Never a truer word been said. The margins between a successful trade and a failure are so so tight...

Even when you get it right, you can then get it all wrong...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,312
  • Jan 29, 2018 1:44pm Jan 29, 2018 1:44pm
Incidentally, the red line, is the gap close position. For me, that and the extremes are the most powerful of all MP lines...

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,313
  • Jan 29, 2018 1:58pm Jan 29, 2018 1:58pm
Quoting The Cableguy
Incidentally, the red line, is the gap close position. For me, that and the extremes are the most powerful of all MP lines... {image}
Help me out CG...What are the lines created from that create your Gap area. I'm sure it should be obvious, but I'm at work and not seeing it.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,314
  • Jan 29, 2018 2:03pm Jan 29, 2018 2:03pm
Quoting capstone
{quote} Help me out CG...What are the lines created from that create your Gap area. I'm sure it should be obvious, but I'm at work and not seeing it.
It is the closing price at 16:00 US close. I can't remember how i set it all up now, but it uses OHLC. I had to have two separate studies, cos i wanted the extremes to print using midnight to midnight...

Adding the volume profile and suddenly they started printing automatically as the PA unfolds throughout the day, which was canny, i thought!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,315
  • Jan 29, 2018 2:17pm Jan 29, 2018 2:17pm
I use the (uncluttered) 233 for trading mainly, but also keep the 512 with Volume profile on another screen;

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It might look a little untidy or cluttered, mainly because i can't stop it printing current volume during the day to the left of PA, (plus i've scrunched it up to show previous days), but when you see the reactions at the usual value areas or valleys/peaks, it's hard to argue with...

I prefer volume profile personally. I just think it is common sense that by using volume it takes into account all PA, whereas, using time profiling, it must become lop-sided when PA spends a lot of time in an area outside of US hours... the profile will be created out of low volume times. I would rather see what is value based upon the volume of contracts traded...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,316
  • Jan 29, 2018 2:38pm Jan 29, 2018 2:38pm
Though I put tpo levels on the chart my main strategy is market structure and trading pullbacks
  • #4,317
  • Jan 29, 2018 2:56pm Jan 29, 2018 2:56pm
I'd forgotten how much i love the Q,

It just bounced nearly 100 ticks in little over 3 minutes! and again, clean off of my V.peak line in last chart;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,318
  • Jan 29, 2018 5:08pm Jan 29, 2018 5:08pm
Quoting The Cableguy
{quote} It is the closing price at 16:00 US close. I can't remember how i set it all up now, but it uses OHLC. I had to have two separate studies, cos i wanted the extremes to print using midnight to midnight... Adding the volume profile and suddenly they started printing automatically as the PA unfolds throughout the day, which was canny, i thought!)
So the blue line is the close based on 16:00 and the red line is the open at midnight?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,319
  • Jan 29, 2018 7:31pm Jan 29, 2018 7:31pm
Quoting erasmus66
notice that the one trade i missed would have made 30 .. the thin line between failure and success
Some days with 4 or 5 trades that yield BE+1 after going up 6ticks . . . . And then they continue for 15 or more ticks after you are out. Its that question of preserving captital vs letting it run . . .
  • #4,320
  • Jan 29, 2018 7:50pm Jan 29, 2018 7:50pm
and some days like today where I got 5 trades 4 wins and a loss for a net of 73 for me its preserving capitol first
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