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Plan the Trade

  • #4,741
  • Feb 14, 2018 7:33pm Feb 14, 2018 7:33pm
Quoting dave347
During my review of today action I noticed something that I did not see when it happened live. I thought it was very interesting and made a short video. {file}
I think what you saw was value high level changed
  • #4,742
  • Feb 15, 2018 12:06am Feb 15, 2018 12:06am
Quoting jtrade
. . . I think the last 90 minutes is the best time to trade the US index futures : the whole day's SR is there to see
Forgive a silly question, which 90 min did you have in mind?
  • #4,743
  • Feb 15, 2018 3:40am Feb 15, 2018 3:40am
Quoting jtrade
{quote} Just trading that Ger30 renko chart I posted yesterday keeps my hands away from the NQ, which I am not comfortable trading at the moment, so inspired both by my recent automation experiments and your post above, I have devised a cunning plan for global DAX domination : Starting this morning, I will trade 1 unit (10c/pip) live; if a winning day (even 1c), I double position size the next day; if a losing day (even 1c), straight into sim the next day at last position size; if sim positive, back live at same position size; if not sim positive,...
Kind of a range there at London Open time for dax. Hope it turned out well for you.
  • #4,744
  • Edited 4:37am Feb 15, 2018 3:58am | Edited 4:37am
Quoting bapakjason
{quote} Forgive a silly question, which 90 min did you have in mind?
A very good question : the last 90 mins into the NQ Day Session Close @ 3pm Eastern (22:00 Central European Time) - index futures Close used to be 10.15 local, no idea when it changed...

____________________________________________________________________________________________________

Day 2 DAX update : -16 > +16 > -16 > +26 > STOP ! (numbers are based on 0.5 pt = 1, as FDAX futures trading is the goal)
Pos size sequence 1 > 2 > 4 tomorrow

Inevitable consequence of this Mad Dog position sizing : any significant losing day will wipe out all profit to date (and probably more).

Challenging matter to address : my FX account, which I am also using for my H8 experiment (going fine, thank-you), is very small ... assuming I have H8 positions, I will run out of DAX margin around 50 units (€5/pt). I will not be able to reach 125 units, half 1 x FDAX contract, after which the MD progression would be to switch to the futures. So I will have to make a big jump from €5 to €25 pt. if/when I reach 50 units. I will then switch to sim 1 x FDAX & start building my mental strength for "FDAX Live" : we need to trade from inner stillness, and one must be mentally very strong to do so.

After all, it is not the method that succeeds - or the spoon that bends - but oneself...

Inserted Video
  • #4,745
  • Feb 15, 2018 4:54am Feb 15, 2018 4:54am
Quoting jtrade
{quote} . So I will have to make a big jump from €5 to €25 pt. if/when I reach 50 units. I will then switch to sim 1 x FDAX & start building my mental strength for "FDAX Live"
I broke into a sweat just reading that JT)))
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,746
  • Feb 15, 2018 8:21am Feb 15, 2018 8:21am
Heads up we are at a nice H4 supply zone
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  • #4,747
  • Feb 15, 2018 8:27am Feb 15, 2018 8:27am
Feel a little experimental today will attempt to trade 133 tick chart with 1 contract
  • #4,748
  • Feb 15, 2018 8:48am Feb 15, 2018 8:48am
quick work today
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  • #4,749
  • Feb 15, 2018 8:59am Feb 15, 2018 8:59am
You caught the good one. Well done

The nice thing about the smaller charts is you don’t need a profile on it to pinpoint the good areas
  • #4,750
  • Feb 15, 2018 9:05am Feb 15, 2018 9:05am
Today it feels more like the old nq we know and love, lol . . Much easier start to the session
  • #4,751
  • Feb 15, 2018 9:11am Feb 15, 2018 9:11am
lots of volume when trading smaller tick charts you cant take every nook and cranny when you get a 2b followed by 123 break then pullback to me is safer
  • #4,752
  • Feb 15, 2018 9:26am Feb 15, 2018 9:26am
heres 3 of them
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  • #4,753
  • Feb 15, 2018 9:30am Feb 15, 2018 9:30am
man what a frustrating day. came so close to my daily target multiple times and just couldn't get it. ended w/ 18, but I took 17 trades
  • #4,754
  • Feb 15, 2018 9:33am Feb 15, 2018 9:33am
Once again very nice trading H! I had a few orders placed but no connect until late in the session. 1 trade +13 only. After missing out on the other trades I was trying for I just grabbed a few ticks to get something today. I should have held this one.
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  • #4,755
  • Feb 15, 2018 9:34am Feb 15, 2018 9:34am
on 400 tick charts these would have been setups
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  • #4,756
  • Feb 15, 2018 9:34am Feb 15, 2018 9:34am
Quoting Divergence
heres 3 of them {image}
Damn! Here i am waiting patiently for the later session, but that is as close to perfect trending as you can find!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,757
  • Feb 15, 2018 9:35am Feb 15, 2018 9:35am
Quoting dave347
Once again very nice trading H! I had a few orders placed but no connect until late in the session. 1 trade +13 only. After missing out on the other trades I was trying for I just grabbed a few ticks to get something today. I should have held this one. {image}
dave explain the 2 mp is one on the right today left yesterday?
  • #4,758
  • Feb 15, 2018 9:39am Feb 15, 2018 9:39am
they are both daily volume profiles. Left 1 is extended hours (includes overnight session). Right 1 starts when market opens. Not sure I need all that but trying it.
  • #4,759
  • Feb 15, 2018 9:42am Feb 15, 2018 9:42am
plus 38 points will post my chart and my 5 trades soon
  • #4,760
  • Feb 15, 2018 9:44am Feb 15, 2018 9:44am
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