Plan the Trade

does its work on xp ?

Here is my new trading logo;



I'm going to concentrate purely on these for a bit...

Plan - 123 trigger with thrust, or consolidation move followed by thrust and immediate retrace as a 'V'. No time decay, no 123 counter-trend, just a 'V'... and that's it.

Look at the move away from my alert level on the UC a moment ago;



I just had 4 alerts all go off at the same time!)

Classic supply trade

CG it is a 15 minute chart it took 1hr to get back

Pending on EU M15

Is that good or bad?

H, it's really come together. I've been watching 8 pairs (simultaneously in view) and just taking the 'V' shaped pullbacks. I'm trading live with Spreadbets and am up +149 pips so far today. One trade open currently up +34 ish. Only one loser, but that had a largish 123 counter-trend to trade, so should have been left in all honesty.

8 winners, 1 loser... too many charts and set-ups to post them all, but they are basically like the one in my last post, or as below, in varying degrees. You can see the level you want plenty in advance, but with 8 charts, there were plenty of set-ups happening frequently enough. The hourly is too slow, the 5min a little too much noise, but the 15 seems to keep you busy enough. Well, we will see...

This one was +25 on the Audi;

Hi guys - Question for you please Harold,
Are there any tradeable Ross Hooks in this picture. I have read about them many times but having trouble identifying what their form looks like & when is a hook not a hook etc. Can you help out please. Cheers

a ross hook is when we are in a trend and we get 1or 2 or 3 candle correction(no more than 3 candles)you would enter on a break of low or up candle before it corrected. there is whats called the traders trick where you enter on low or high of each correcting bar for early entry. since I am trading 133 tick chart this entry method would be to quick for me to enter

just looked at todays charts I don't know what it is but my charts do look better than others though you get some I don't get today within 3 minutes there were 2 nice ones

Liking your charts CG.

Would you have taken this one?

No connection for me, i would have wanted another 10 pips or so lower, but it happened when i was in the land of nod in any case!)

What i've found immediately by watching 8 charts simultaneously, is that you can start to be greedy.

I find that i feel like i have to trade when watching one chart and it's easy to make mistakes, but this feels more like my old car dealing days at auction. If i couldn't 'nick' em, i would leave them. This is the basically the same thing... A little like JT suggested a short while ago. If you find that your 10 tick stop doesn't cover the low and the risk is too much, simply move your limit order further down and the odds are. you still get filled anyway! I'm adopting that approach and aiming for the centre of a S/D level as opposed to the start of it...

the pattern I am seeing lately is wait a little bit after open even today then wait for pattern and it seems you get 2 within 3 minutes of each other and boom 2 20 tick wins and scram

Closed this manually for -0.3R

Didn't look like it wanted to break down