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Plan the Trade

  • #5,361
  • Mar 19, 2018 9:35am Mar 19, 2018 9:35am
Quoting Divergence
{quote} your bailing to quickly imop
Yeah, i'm going to change my entry criteria and profit targets as the consistancy is all over the place.

It needs to be more mechanical and clear cut for me.
  • #5,362
  • Mar 19, 2018 9:38am Mar 19, 2018 9:38am
Quoting Ozz
{quote} Yeah, i'm going to change my entry criteria and profit targets as the consistancy is all over the place. It needs to be more mechanical and clear cut for me.
I use up 6 stop to +1 up 15 lock in 10 and 20 as target
  • #5,363
  • Mar 19, 2018 10:18am Mar 19, 2018 10:18am
Quite a drop there after 10:30
  • #5,364
  • Mar 19, 2018 10:29am Mar 19, 2018 10:29am
Here's a 123 break pullback long
Attached Image (click to enlarge)
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  • #5,365
  • Mar 19, 2018 10:30am Mar 19, 2018 10:30am
Then a 123 break pullback short
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  • #5,366
  • Mar 19, 2018 10:34am Mar 19, 2018 10:34am
Just happened pullback
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  • #5,367
  • Mar 19, 2018 10:36am Mar 19, 2018 10:36am
Then 2b break pullback
Attached Image (click to enlarge)
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  • #5,368
  • Mar 19, 2018 10:36am Mar 19, 2018 10:36am
Seems these patterns happen all day long
  • #5,369
  • Mar 19, 2018 10:43am Mar 19, 2018 10:43am
Wow nq down 700 ticks
  • #5,370
  • Mar 19, 2018 11:03am Mar 19, 2018 11:03am
Quoting Divergence
Seems these patterns happen all day long
Ok 1 more 123 break pullback
Attached Image (click to enlarge)
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  • #5,371
  • Mar 19, 2018 11:39am Mar 19, 2018 11:39am
Quoting Dexon
Hi everyone, just finished the whole thread. Amazing. I can only trade Forex at the moment but have access to a zero (well almost zero) spread account, is there anything else except the lack of tick charts on MT4 that would prevent someone to be successful with this strategy on Forex?
I'm using on Forex, M15 all the way up to D1. Works great.

Ticks are available in MT4, Onejester kindly pointed me in the direction of this website: https://ovo.cz/products/offline-char...t-volume-bars/

Pretty easy to set up but I found it really slowed down the MT4 platform, to the point where it was impossible to use. Probably a limitation of my laptop more than anything else though I think.
  • #5,372
  • Mar 19, 2018 11:43am Mar 19, 2018 11:43am
It this correct? Is the lower high (weakness) at X invalidated by the thrust bar showing buying strength?
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  • #5,373
  • Mar 19, 2018 11:51am Mar 19, 2018 11:51am
Patterns are patterns though you can see them a little clearer with ticks charts
  • #5,374
  • Mar 19, 2018 11:56am Mar 19, 2018 11:56am
So here's what I mean first chart is 5 minute chart no setups visible next is 133 tick chart with a thrust down pullback
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  • #5,375
  • Edited 1:36pm Mar 19, 2018 1:08pm | Edited 1:36pm
Quoting goose11
It this correct? Is the lower high (weakness) at X invalidated by the thrust bar showing buying strength? {image}
This is correct good eye goose the candle before thrust bar is the entry on pullback
  • #5,376
  • Mar 19, 2018 3:53pm Mar 19, 2018 3:53pm
At the moment I follow currencies on I G (I'm based in the UK), these patterns and certainly the thrust bars near Support and Resistance certainly do seem to play out well, the hard part for me at the moment is doing in realtime but getting the patterns & setups down instinctively is key I think. Great to see examples of the same setups again and again, rather like learning times tables old school, by rote!
  • #5,377
  • Mar 20, 2018 5:15am Mar 20, 2018 5:15am
Dax spot, had a loser messing about with my SL, but up so far. Hey, I even managed to ditch the cci
Attached Image (click to enlarge)
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'in less than half an hour he made over 100 ticks'
  • #5,378
  • Mar 20, 2018 7:38am Mar 20, 2018 7:38am
Hello,
Am new to trading this way using 123 or 2b setups. Thanks for the valuable information here, helped me learn alot. Trying 123 entry on H1 EU incorporating some elliott wave counting.Comments welcome
Attached Image (click to enlarge)
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  • #5,379
  • Mar 20, 2018 7:53am Mar 20, 2018 7:53am
Unless your ok with large stops and lack of trading opportunities I would recommend lower time frame also develop plan targets,daily goals etc
  • #5,380
  • Mar 20, 2018 8:38am Mar 20, 2018 8:38am
A short from 9325 bingo
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