Plan the Trade

Yes H, our clocks go forward this coming Sunday, so it will be back to normal next week)

you see the chart I posted with your flag break pullback

Yep, it's surprising how often they work!

I look for ones where the flagline retest also coincides with a prior S/D level... it's often a touch and boom!)

made a dog's dinner of today:

a few helpful corrections ras

thanks for this Harold

No problem ras it's just above seeing which way market is going

great week by the way Harold well done

Dax Spot, a bit quick and dirty...

recorded todays session it started with a loss and well I am uploading to you tube as we speak

Had 3 +2's and then got a couple to run

Very nice trading H

Was it me or was the market moving faster than normal? I had 1 entry that went threw my entry with no fill that would have won also

Over 400 tick gap fill amazing

Superb!

That first loss would have me shitting myself in case the next one also went against, but it's all relevant to the amounts you are used to dealing in... You make it look so easy H)

Trading is by far not easy but the setups are and realizing they all won't win but a lot of them do so I just be patient and wait for a no brainer

Late start for me today, as i've been out.

This is a pullback that i never used to like taking. I've always had limited success with the small moves and for some reason, a canny knack of picking losers, just as the pullback becomes larger or trend turns, however...

I'm getting more used to trusting the last level, when there is 'blue sky' to the left;



Just the one trade so far.

I keep alternating between my thoughts of continuing with Spreadbets and working up to contract size positions on Futures, or continuing to demo on AMP and building up enough confidence to simply switch.

I'm starting to take less trades nowadays. I think i have been over-trading or trying to mechanicalise things too much in the past. More often than not, my losers never actually really look like great set-ups in hindsight and it's a case of using that in foresight instead. You know what i mean? You say to yourself, what the hell did you take that for, it didn't do this or that first etc... The losing trades that still looked right in the first place, i have no problem with... that is part and parcel of the game we're in, but by starting to wait for just the nicer looking set-ups, i'm seeing improved success. Patience is a virtue, they say.

Now here's the thing. Despite watching 133 tick on IG's charts, for some reason it is much larger scale than Futures equivalent, probably more like 350 tick on Sierra. It's obvious that with a 1 point spread, instead of 4 ticks, the targets need to be 12/15 points (48/60 ticks) minimum and that is a much slower process. I keep seeing potential set-ups, but with that 1 point spread, it is useless to try to take them, whereas, they often lead to +15/20 in ticks. What i'm saying is that, i need to put in several hours of trading this way as opposed to trading Futures where the set-ups come along every few minutes.

Hence i'm back to demo at the moment...