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  • #4,901
  • Feb 22, 2018 9:33am Feb 22, 2018 9:33am
wild swings today a very good day
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  • #4,902
  • Feb 22, 2018 9:41am Feb 22, 2018 9:41am
Great trading H! I ended up -3 ticks. Just not in the flow at all today. 4 trades total. 2 BE's, 1 +10 and 1 -13. I will need to retrade today this evening in replay with more focus.
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  • #4,903
  • Feb 22, 2018 9:51am Feb 22, 2018 9:51am
So with the profile lines it gives more context market stopped just before the singles will add them to chart tomorrow again
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  • #4,904
  • Feb 22, 2018 10:02am Feb 22, 2018 10:02am
notice how price filled up the singles and then shot down
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  • #4,905
  • Feb 22, 2018 11:05am Feb 22, 2018 11:05am
Quoting Divergence
wild swings today a very good day {image} {image}
Nice trading, well done. Had a very quick session today...3 minutes for 110 ticks with 2 contracts. Daily goal was reached early so I stopped.

PS: Do you use 20 tick stop now?
  • #4,906
  • Feb 22, 2018 11:07am Feb 22, 2018 11:07am
Excellent trading O any setups same as Mine?
  • #4,907
  • Feb 22, 2018 11:13am Feb 22, 2018 11:13am
I use more and more the "Global profit and loss management" of Sierra Chart with trailing option for daily profit.
As soon as I am up $540, daily target of $500 is enabled and follows profit every 40 bucks (4 ticks for 2 contracts). So if price shoots up it trails the daily profit target. So useful.
I also enabled the daily loss management....if daily loss is -450 all trades are flattened. This corresponds to 3 losing trades in a row from the start.
  • #4,908
  • Feb 22, 2018 11:14am Feb 22, 2018 11:14am
Quoting Divergence
Excellent trading O any setups same as Mine?
Yes, only 123's, pullbacks and 2b's. Today 5 trades (scapling) and I was done.
  • #4,909
  • Feb 22, 2018 11:21am Feb 22, 2018 11:21am
Good for you! Would be great to see your setups - you appear to be a great trader, like H.
  • #4,910
  • Feb 22, 2018 11:25am Feb 22, 2018 11:25am
Quoting Noeyedear
Good for you! Would be great to see your setups - you appear to be a great trader, like H.
I had 4 wins and 1 loss...will mark my setups in the charts and post it.
  • #4,911
  • Feb 22, 2018 11:32am Feb 22, 2018 11:32am
Quoting Olarion1975
I use more and more the "Global profit and loss management" of Sierra Chart with trailing option for daily profit. As soon as I am up $540, daily target of $500 is enabled and follows profit every 40 bucks (4 ticks for 2 contracts). So if price shoots up it trails the daily profit target. So useful. I also enabled the daily loss management....if daily loss is -450 all trades are flattened. This corresponds to 3 losing trades in a row from the start.
Not familiar with global stuff basically I have my hand on flatten button
  • #4,912
  • Feb 22, 2018 12:01pm Feb 22, 2018 12:01pm
Usually when the pullback reacts at the 38.2% retracement fib of prior cycle, it is only wave A, with lower to come, let's see;

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  • #4,913
  • Feb 22, 2018 12:04pm Feb 22, 2018 12:04pm
2 nice pullback to A
  • #4,914
  • Feb 22, 2018 12:41pm Feb 22, 2018 12:41pm
Price pulled back to 50%level of big up move form that 2b candle and entry so happens to be 65 which is 50%level pullback
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  • #4,915
  • Feb 22, 2018 1:33pm Feb 22, 2018 1:33pm
Quoting The Cableguy
Usually when the pullback reacts at the 38.2% retracement fib of prior cycle, it is only wave A, with lower to come, let's see; {image}

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Close enough)
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  • #4,916
  • Feb 22, 2018 4:38pm Feb 22, 2018 4:38pm
Quoting Olarion1975
{quote} I had 4 wins and 1 loss...will mark my setups in the charts and post it.
that would be great to see, thanks.
  • #4,917
  • Feb 23, 2018 3:55am Feb 23, 2018 3:55am
Well, it got there in the end. I suspect it was an ending diagonal (abcde) pattern for wave C, but it looks a little untidy. The alternative is a large X wave followed by a truncated set, which i don't like at all. The reactions at the fibs are the basis for it being a simple correction (ABC).

The Nas doesn't always obey fibs this well, certainly not pinpoint usually, but this is a great example of how powerful fibs can be;

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  • #4,918
  • Feb 23, 2018 9:18am Feb 23, 2018 9:18am
well when market was going sideways I decided to stop 24 point zone
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  • #4,919
  • Feb 23, 2018 9:42am Feb 23, 2018 9:42am
no one trading today ok have a nice weekend
  • #4,920
  • Feb 23, 2018 10:39am Feb 23, 2018 10:39am
nice trade at start of play:

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