Plan the Trade | Page 232 | 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

  • #4,621
  • Feb 10, 2018 8:19am Feb 10, 2018 8:19am
Quoting jtrade
Having mentioned that I used to trade Euro futures (6E) a lot in the past, it occurs to me that perhaps with this wild volatility, with frequent 20 NQ tick mini-spikes up & down in less than a second, it would be more sensible to trade 6E or EU until things quieten down... don't need to make 100 ticks a day...
Higher margin less volatility if it makes you more comfortable then I would do it. If I see a setup and my stop is to big I just let it go
  • #4,622
  • Feb 10, 2018 9:42am Feb 10, 2018 9:42am
Same margin, higher tick value, actually - although I do wonder how much longer these super-low intraday margins will remain available. General regulator pressure is to greatly increase margins.

My concern is not the size of the stop, but the frequent "blip swings" of 20+ ticks in which I personally do not wish to trade. Remember, my daily target has only been to make 20 ticks on a 2 lot. Maybe it'll all quieten down next week, but if it doesn't maybe I'll trade EURCHF and slowly die of boredom...
  • #4,623
  • Feb 10, 2018 10:12am Feb 10, 2018 10:12am
Here's a thought emini Russel
  • #4,624
  • Feb 10, 2018 10:28am Feb 10, 2018 10:28am
it seems that you are counting the ewaves,its difficult and there is no one way to do it and no one knows who is right at counting the waves,do you have any indicator to draw 123 levels? this is really a good way of trading but require a hell of experience,if trader survive to get this experience then only can use this method of trading hehehe
  • #4,625
  • Feb 10, 2018 10:32am Feb 10, 2018 10:32am
Quoting T4Trade
it seems that you are counting the ewaves,its difficult and there is no one way to do it and no one knows who is right at counting the waves,do you have any indicator to draw 123 levels? this is really a good way of trading but require a hell of experience,if trader survive to get this experience then only can use this method of trading hehehe
No! Forget waves and counts. It really isn't necessary.

Just learn to identify the most relevant Supply/Demand levels and look for the retest;

Attached Image (click to enlarge)
Click to Enlarge Name: retest2.png Size: 9 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,626
  • Feb 10, 2018 10:38am Feb 10, 2018 10:38am
Quoting The Cableguy
{quote} No! Forget waves and counts. It really isn't necessary. Just learn to identify the most relevant Supply/Demand levels and look for the retest; {image}
it is a break of a supply demand levels,good way of trading and quick reply from you,thank you so much,i will read all your posts to learn from it.can we use support and resistance too? supply demand and support resistance is a same concept right?

i m using higher time frame,so to check this restesting is difficult,we have to zoom in and check for restesting level,what time frames do u use and what success rate per pair ,how often do u find the setup?
  • #4,627
  • Feb 10, 2018 10:44am Feb 10, 2018 10:44am
Look for 2b or 123s at end of trends also
  • #4,628
  • Feb 10, 2018 10:45am Feb 10, 2018 10:45am
Quoting T4Trade
{quote} it is a break of a supply demand levels,good way of trading and quick reply from you,thank you so much,i will read all your posts to learn from it.can we use support and resistance too? supply demand and support resistance is a same concept right? i m using higher time frame,so to check this restesting is difficult,we have to zoom in and check for restesting level,what time frames do u use and what success rate per pair ,how often do u find the setup?
It is fractal. so it works on all timescales. There will be a little more 'noise' on the chart as you view smaller timescales, so your larger timescales would be a good idea to start with in any case.

Supply/Demand or Support/Resistance is basically one and the same. Personally i regard The former as a zone and the latter as an exact level, but that is just my personal view.

We trade the NQ emini which is probably the most volatile market going. It is possible to find several set-ups in the first hour after open (2:30pm US time).
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,629
  • Feb 10, 2018 11:02am Feb 10, 2018 11:02am
Quoting The Cableguy
{quote} No! Forget waves and counts. It really isn't necessary.
Sacre bleu et quel’ horreur...

”Say it ain’t so, Joe !”

(if it is, I’m leavin’ to trade margarine futures... & that’s final !)
  • #4,630
  • Edited 1:23pm Feb 10, 2018 11:10am | Edited 1:23pm
Hope you trade like Barbara sings JT 'like butter'
  • #4,631
  • Feb 10, 2018 11:10am Feb 10, 2018 11:10am
Quoting jtrade
{quote} Sacre bleu et quel’ horreur... ”Say it ain’t so, Joe !” (if it is, I’m leavin’ to trade margarine futures... & that’s final !)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,632
  • Feb 10, 2018 1:00pm Feb 10, 2018 1:00pm
Quoting jtrade
but if it doesn't maybe I'll trade EURCHF and slowly die of boredom...
Hahah that is certain death
  • #4,633
  • Feb 10, 2018 1:50pm Feb 10, 2018 1:50pm
does anyone know how to take off some of the trade options from the trade menu? its overwhelming
Attached Image
  • #4,634
  • Feb 10, 2018 1:51pm Feb 10, 2018 1:51pm
Quoting jtrade
{quote} No, although of course they could be. I have mentioned several times before that I am a member of my friend, Darren's, Facebook group (he used to post here as 60minuteman : some great threads); he was booted into the Commercial forum when he started charging for his services : https://www.forexfactory.com/showthread.php?t=555261 Timeframes from M15 to Weekly are investigated in an informal, but serious, manner. I am using H8 primarily to give me a bar close at 0700 CET.
I read the 60minuteman topic! The method looks so simple
I'm curious.
Are you a darren customer? He is a trader for a long time and is serious?
I tried to contact him but no answer.
The subscription gives what more?

I'm sorry, I do not want to advertise ... I tried to send you a private message, but not possible for send!
Thank you and good day
  • #4,635
  • Feb 10, 2018 1:57pm Feb 10, 2018 1:57pm
Quoting T4Trade
it seems that you are counting the ewaves,its difficult and there is no one way to do it and no one knows who is right at counting the waves,do you have any indicator to draw 123 levels? this is really a good way of trading but require a hell of experience,if trader survive to get this experience then only can use this method of trading hehehe
sincerely I find this amazing method!
I'm starting ... I'm looking for methods 2b and 123 ...
I am really impressed by this way of trading!
I think you just have to be patient, and read only the best patterns. I do not look anymore Support Resistance nor indicator ... only pattern 2b and 123
  • #4,636
  • Feb 10, 2018 2:09pm Feb 10, 2018 2:09pm
Quoting rudy5
does anyone know how to take off some of the trade options from the trade menu? its overwhelming {image}
Global Settings >> Customize Chart Trade Menu
  • #4,637
  • Feb 10, 2018 2:19pm Feb 10, 2018 2:19pm
Quoting rudy5
does anyone know how to take off some of the trade options from the trade menu? its overwhelming {image}
I don't know why you guys use the right click trade command menu when you can use the control bars and price ladder for order entry:
Attached Image (click to enlarge)
Click to Enlarge Name: Sierra1.png Size: 70 KB
  • #4,638
  • Feb 10, 2018 2:23pm Feb 10, 2018 2:23pm
Don't you still have to put crosshairs on area your gonna TRADE
  • #4,639
  • Feb 10, 2018 2:52pm Feb 10, 2018 2:52pm
Ok i now have flatten cancel and move stop to be buttons on top i added blanks to push them to right and when I right click I have the 2 limits and 2 stop orders make sure you click enable trade comnands
  • #4,640
  • Feb 10, 2018 3:00pm Feb 10, 2018 3:00pm
How do you add price ladder
4 traders viewing now