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Plan the Trade

  • #4,761
  • Feb 15, 2018 9:46am Feb 15, 2018 9:46am
the last trade particularly painful
Become the casino
  • #4,762
  • Feb 15, 2018 9:58am Feb 15, 2018 9:58am
ras you miss 3 and 1 you should not have taken
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  • #4,763
  • Feb 15, 2018 10:05am Feb 15, 2018 10:05am
amazing gap filled at 77 nice pullback at 7975
  • #4,764
  • Feb 15, 2018 10:55am Feb 15, 2018 10:55am
I screwed up today big time. -55, plus 20ish trades. I keep giving back everything I make...
  • #4,765
  • Feb 15, 2018 11:00am Feb 15, 2018 11:00am
Way to many trades Rudy CG howd you do any c and hs
  • #4,766
  • Feb 15, 2018 11:09am Feb 15, 2018 11:09am
Quoting Divergence
quick work today {image}
Harold - How do you decide when to exit? I'm guessing on your second trade today you might have trailed each bar up a tick or two. How about the first trade? Thanks.
  • #4,767
  • Feb 15, 2018 11:12am Feb 15, 2018 11:12am
Quoting tomd
{quote} Harold - How do you decide when to exit? I'm guessing on your second trade today you might have trailed each bar up a tick or two. How about the first trade? Thanks.
Correct on first trade on second I hit flatten when red candle closed but it was moving so fast it flatten me on the next bar
  • #4,768
  • Feb 15, 2018 12:43pm Feb 15, 2018 12:43pm
Quoting Divergence
Way to many trades Rudy CG howd you do any c and hs
Well, i spent most of my evening enquiring about an FXCM account, cos i still think i need to work my way up.

It's crazy as i have a fully funded Futures account, but i realised earlier that i'm simply not as fluid with Futures sized contracts. That fine line is breached and i start doing things like running my stops too tightly on any winning trades and being too tight with entry positions etc. All bad habits that would be the difference between winning and losing.

So.... if i can at least use Sierra, with the ease of taking positions, auto stops and drag & drop limits/orders etc. This is a massive improvement on both IG and City Index.

Well, we will see how it goes.

I did manage one trade which might just pip Ras's last trade for blood boiling ability;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,769
  • Feb 15, 2018 12:47pm Feb 15, 2018 12:47pm
133 tick is fast 2b 123 setups are really good
  • #4,770
  • Feb 15, 2018 2:58pm Feb 15, 2018 2:58pm
Quoting Divergence
ras you miss 3 and 1 you should not have taken {image}
thanks Harold .. what setup for 133 chart .. sl 20, up 6 be+1, up 15 be +11?
Become the casino
  • #4,771
  • Feb 15, 2018 3:08pm Feb 15, 2018 3:08pm
Quoting erasmus66
{quote} thanks Harold .. what setup for 133 chart .. sl 20, up 6 be+1, up 15 be +11?
Stop 15 up 10 to +1 up 20 lock 10 then follow candles and or look to grab
  • #4,772
  • Feb 15, 2018 5:05pm Feb 15, 2018 5:05pm
Ended up 55 points 6 winners 2 losers here is my chart along with the trades. I did not trade all day was in and out with my two grand children.
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  • #4,773
  • Feb 15, 2018 5:05pm Feb 15, 2018 5:05pm
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  • #4,774
  • Feb 15, 2018 5:13pm Feb 15, 2018 5:13pm
Nice day slugar though I don't understand the setups
  • #4,775
  • Feb 15, 2018 6:25pm Feb 15, 2018 6:25pm
Quoting Divergence
heres 3 of them {image}
Choosing between the 1 and the 3 for the pullback entry is the difference between winning and losing. You seem to almost always pick the right spot
  • #4,776
  • Feb 15, 2018 6:31pm Feb 15, 2018 6:31pm
Quoting rudy5
{quote} Choosing between the 1 and the 3 for the pullback entry is the difference between winning and losing. You seem to almost always pick the right spot
2b followed by a 123 is a head and shoulders pattern there really not hard recognising them
  • #4,777
  • Feb 15, 2018 6:48pm Feb 15, 2018 6:48pm
Quoting Divergence
Nice day slugar though I don't understand the setups
1st trade was just a momentum trade, the futures had been up pretty decent all morning and I thought at the very least the pre market high would get taken out. 2nd trade was an ok trade that got away from me fast for a 9 point loss, third trade was a lower high and i thought the swing low would get tested another 4 point loss. 4th trade was just a switch from short to long when i realized I was wrong. 5th trade we made a lower high again and I shorted thinking the 6700 level would get tested. Rest were just long trades going with momentum.
  • #4,778
  • Feb 15, 2018 9:41pm Feb 15, 2018 9:41pm
Quoting Divergence
{quote} 2b followed by a 123 is a head and shoulders pattern there really not hard recognising them
Correction: what I meant to say was sometimes you take a 2b and sometimes you wait for the 123 following the 2b
  • #4,779
  • Feb 16, 2018 1:26am Feb 16, 2018 1:26am
Quoting rudy5
{quote} Correction: what I meant to say was sometimes you take a 2b and sometimes you wait for the 123 following the 2b

Hi Rudy,

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Each one is a 2B, 123, trigger, pullback. As H says, they are generally the safest, when you can tick all those boxes.

This is why i have preferred the 133tick and smaller set-ups, as they come along much more frequently than watching say the 512 chart.

I've fairly well narrowed down my criteria to just taking these and then the very deep pullbacks thereafter a HH to confirm trend (or LL if short). For me, it is a case of matching the scales. If the pullback is not in a straight line and starts with a 123 itself, we may have trend change, so then i will generally reset and look for a 123 trigger, pullback, to get back into main trend;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,780
  • Feb 16, 2018 1:29am Feb 16, 2018 1:29am
I just discovered this thread (and a few others in which Divergence posts), but I am unable to view the videos that he posts. Whenever I click on on them, it just says "video unavailable." The issue may be with my computer, but I thought that I would ask if Divergence has a Youtube channel or something so that I can view them there.

Thanks in advance to anyone who replies.
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