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Plan the Trade

  • #4,841
  • Feb 18, 2018 1:25pm Feb 18, 2018 1:25pm
Quoting slugar
thanks again for the law of the charts pdf, very interesting, any other books or courses you would recommend?
Other than the law of charts I have read no other books in my 17 years of trading sorry
  • #4,842
  • Feb 18, 2018 5:45pm Feb 18, 2018 5:45pm
Quoting Divergence
{quote} Other than the law of charts I have read no other books in my 17 years of trading sorry
So took my Sunday afternoon and finished my trading plan! Now I have my method in writing and feel I can make the next step! I will build good trading habits and become a consistently profitable trader
  • #4,843
  • Feb 19, 2018 2:52am Feb 19, 2018 2:52am
2 more tiny DAX trades (surprisingly, both longs : my misread was not take a third trade short).... pedal to the metal, after 4 days Live, 20 units tomorrow :

Attached Image (click to enlarge)
Click to Enlarge Name: Ger30 4 days.PNG Size: 14 KB


Only 10 trades, 70% win rate, which I do not expect to maintain.

Now, please excuse me, I have converted my desk to a semi-standing desk and am doing my Qi Qong with Marisa whilst trading (helps prevent jumping out of trades) : schmaltzy (whatever that means), I know, but in fact a good morning body wake-up and it should give CG a good laugh to imagine my 66 year old frame following along, whilst watching my DAX screen :

Inserted Video


(Chris Pei also has some great Tai Chi videos which I enjoy).

PS. You will be relieved to hear that I am going to be posting less, following an epiphany over the weekend (can't explain, one of those "Meta-game of Life" things, triggered by an exquisitely beautiful birthday letter my daughter wrote me last Thursday); going to be spending MUCH less time behind the computer and iPhone screens.
  • #4,844
  • Feb 19, 2018 4:05am Feb 19, 2018 4:05am
Quoting jtrade
2 more tiny DAX trades (surprisingly, both longs : my misread was not take a third trade short).... pedal to the metal, after 4 days Live, 20 units tomorrow : {image} Only 10 trades, 70% win rate, which I do not expect to maintain. Now, please excuse me, I have converted my desk to a semi-standing desk and am doing my Qi Qong with Marisa whilst trading (helps prevent jumping out of trades) : schmaltzy (whatever that means), I know, but in fact a good morning body wake-up and it should give CG a good laugh to imagine my 66 year old frame following...
A very wise daughter you have there. My wife thinks two hours trading 8 to 10 am is sufficient. Note that Harold also spends little time at the coalface and thus has a life away from trading. A lot of people write that two hours from the bell should be enough to obtain trades. So, walking, swimming, oil painting and being generally curious about life, despite my senior years, keeps me young and healthy ( plus a wife who cares).

Ps. Watching a programme, "Get Away for Winter" ( BBC 1) in the UK, about spending two or three months of winter ( January to March, for example) in Florida and various European countries. Now I find that appealing.
https://www.bbc.co.uk/iplayer/episod...s-1-1-portugal
Example link above but not sure readers here can access it.
every Saint has a past. Every Sinner has a Future
  • #4,845
  • Feb 19, 2018 6:15am Feb 19, 2018 6:15am
Quoting turnip15
{quote} A very wise daughter you have there. My wife thinks two hours trading 8 to 10 am is sufficient. Note that Harold also spends little time at the coalface and thus has a life away from trading. A lot of people write that two hours from the bell should be enough to obtain trades. So, walking, swimming, oil painting and being generally curious about life, despite my senior years, keeps me young and healthy ( plus a wife who cares). Ps. Watching a programme, "Get Away for Winter" ( BBC 1) in the UK, about spending two or three months of winter...
Yep, 1 hour is usually enough when day trading...

Thanks for the program recommendation : I can no longer access BBC iPlayer, as the Beeb have really smartened up in terms of finding non-UK locations, but my satellite dish is setup to receive all the UK Freesat channels, so I can watch or record live from this evening. Definitely good to get away from Northern Europe in Q1 "permagrey" (I have lived in the Med in both Spain & Italy : on a sunny winter's day, you can sit in a piazza in a light sweater, enjoying a perfect cappuccino). I will return to Italy...
  • #4,846
  • Feb 19, 2018 8:01am Feb 19, 2018 8:01am
Quoting jtrade
{quote} Yep, 1 hour is usually enough when day trading... Thanks for the program recommendation : I can no longer access BBC iPlayer, as the Beeb have really smartened up in terms of finding non-UK locations, but my satellite dish is setup to receive all the UK Freesat channels, so I can watch or record live from this evening. Definitely good to get away from Northern Europe in Q1 "permagrey" (I have lived in the Med in both Spain & Italy : on a sunny winter's day, you can sit in a piazza in a light sweater, enjoying a perfect cappuccino). I will...
Ahh.....Italy. Love the place and people and have a good friend (italian) who lives there. A pity Foligno area is not warmer in January/February :-)
every Saint has a past. Every Sinner has a Future
  • #4,847
  • Feb 19, 2018 8:15am Feb 19, 2018 8:15am
interesting pre mkt chart .. 123 setting up at 50% zone:

Attached Image (click to enlarge)
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Become the casino
  • #4,848
  • Feb 19, 2018 8:27am Feb 19, 2018 8:27am
Ras if you drop down to 133 tick you would have saw a 123 break pullback long already
  • #4,849
  • Feb 19, 2018 8:33am Feb 19, 2018 8:33am
Gonna see much happen on a holiday?
  • #4,850
  • Feb 19, 2018 8:38am Feb 19, 2018 8:38am
Probably not the move down to this present low makes 00 the 50% level for shorts
  • #4,851
  • Feb 19, 2018 8:44am Feb 19, 2018 8:44am
Quoting Divergence
Ras if you drop down to 133 tick you would have saw a 123 break pullback long already
yes got it:

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Become the casino
  • #4,852
  • Feb 19, 2018 8:50am Feb 19, 2018 8:50am
Perfect ras I will not trade today thin trading I will take wife out to breakfast instead
  • #4,853
  • Feb 19, 2018 8:51am Feb 19, 2018 8:51am
Quoting Divergence
Perfect ras I will not trade today thin trading I will take wife out to breakfast instead
yes same forgot it was holiday .. enjoy breakfast H
Become the casino
  • #4,854
  • Feb 19, 2018 9:03am Feb 19, 2018 9:03am
just one on sim for me today. no time to watch it
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  • #4,855
  • Feb 19, 2018 9:03am Feb 19, 2018 9:03am
Attached Image (click to enlarge)
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Become the casino
  • #4,856
  • Feb 19, 2018 9:04am Feb 19, 2018 9:04am
Quoting rudy5
just one on sim for me today. no time to watch it {image}
nice work rudy
Become the casino
  • #4,857
  • Feb 19, 2018 12:04pm Feb 19, 2018 12:04pm
Quoting Divergence
Perfect ras I will not trade today thin trading I will take wife out to breakfast instead
that sounds like more fun anyway!
  • #4,858
  • Feb 19, 2018 12:28pm Feb 19, 2018 12:28pm
Amazing how two traders think alike https://www.tradingschools.org/reviews/trend-trading/ the midpoint being the 50% level.
  • #4,859
  • Feb 19, 2018 12:30pm Feb 19, 2018 12:30pm
Quoting jtrade
going to be spending MUCH less time behind the computer and iPhone screens.
Very good. I think my demise the past few days was from getting too involved with trading emotionally. It’s an interesting experience to fully realize that my barrier is not skill but a character flaw
  • #4,860
  • Feb 19, 2018 12:59pm Feb 19, 2018 12:59pm
Rudy another way to look at it is--what would you do if you employed a person to trade for you and he did what you did? Fire him or put him on notice that futures trading like that would be punishable by death???
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