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Plan the Trade

  • #5,601
  • Apr 3, 2018 11:27am Apr 3, 2018 11:27am
Quoting Divergence
The more you train your eyes the more you'll just respond. Always make sure there's a thrust/impulse bar at the pullback area also avoid every nook and cranny moves
When you say at the pullback area , just to clarify : are you talking at the entry area we wish to enter after it retraces or do you want to see a thrust bar at the level earlier where the original S&D was? If it's at the entry area how are we jumping on that as it may be gone as we see it ? Do you possibly have a visual example please?
  • #5,602
  • Apr 3, 2018 11:41am Apr 3, 2018 11:41am
I just took this trade two mins ago in Oil 1m chart and it hit the target of 20 ticks , using your entry methods (i think)

Do i have the idea of the trust bar correct ?
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  • #5,603
  • Apr 3, 2018 11:44am Apr 3, 2018 11:44am
Quoting NelsonEddy
{quote} When you say at the pullback area , just to clarify : are you talking at the entry area we wish to enter after it retraces or do you want to see a thrust bar at the level earlier where the original S&D was? If it's at the entry area how are we jumping on that as it may be gone as we see it ? Do you possibly have a visual example please?
Yes from the area we take the pullback from
  • #5,604
  • Apr 3, 2018 11:46am Apr 3, 2018 11:46am
Quoting NelsonEddy
I just took this trade two mins ago in Oil 1m chart and it hit the target of 20 ticks , using your entry methods (i think) Do i have the idea of the trust bar correct ? {image}
Perfect setup big thrust bar price makes a new high then the pullback nice trade
  • #5,605
  • Apr 3, 2018 11:50am Apr 3, 2018 11:50am
Quoting Divergence
{quote} Yes from the area we take the pullback from
Got'cha and thanks
  • #5,606
  • Apr 3, 2018 1:38pm Apr 3, 2018 1:38pm
Quoting Divergence
{quote} 133 tick chart
Hmmm guessing this is key to helping you spot your 'Thrust Bar' ? since essentially the Tick chart is 'orderflow' orientated...... very cute . I've never had a go at a Tick chart but since it's orders bias as apposed to time bias I will definitely be exploring this little nugget. liking your work Sir
  • #5,607
  • Apr 3, 2018 3:09pm Apr 3, 2018 3:09pm
Quoting Divergence
{quote} Perfect setup big thrust bar price makes a new high then the pullback nice trade
Man you should do some live streams or recordings. be great to see.
So many in the Commercial section want to make me rich! :o
  • #5,608
  • Apr 3, 2018 3:27pm Apr 3, 2018 3:27pm
Quoting FX-Flux
{quote} Man you should do some live streams or recordings. be great to see.
I have posted live recordings fx heres last two
Inserted Video
  • #5,609
  • Apr 3, 2018 3:35pm Apr 3, 2018 3:35pm
Inserted Video
  • #5,610
  • Apr 4, 2018 3:31am Apr 4, 2018 3:31am
Would this not have been a valid pullback trade (red, which didn't work out) ?
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  • #5,611
  • Apr 4, 2018 5:31am Apr 4, 2018 5:31am
Quoting goose11
Would this not have been a valid pullback trade (red, which didn't work out) ? {image}
..looking at the bars in isolation i'd say yes, the thrust bars are better formed than the 2b break thrust bars ...but if I were seeing this printing in real time i'd be thinking the setup you highlight is a 5th wave down from the 2b break swing high..so on balance perhaps a lower probability setup.
  • #5,612
  • Apr 4, 2018 10:36am Apr 4, 2018 10:36am
Finally, I get around to getting a futures login with sierra trader.

I made 30 ticks, but it scared the hell out of me. Is this thing unusually wild today (ENQM18), or is it me?
'in less than half an hour he made over 100 ticks'
  • #5,613
  • Apr 4, 2018 11:05am Apr 4, 2018 11:05am
It's normal oj
  • #5,614
  • Apr 4, 2018 11:39am Apr 4, 2018 11:39am
Quoting Divergence
It's normal oj
I have a lot of practicing to do...
'in less than half an hour he made over 100 ticks'
  • #5,615
  • Apr 4, 2018 12:48pm Apr 4, 2018 12:48pm
H would you have taken the trade highlighted above? if not why?
Thanks for your take N.
  • #5,616
  • Apr 4, 2018 1:08pm Apr 4, 2018 1:08pm
It has been a long time since I post here.. I haven't been trading this way for awhile because I have multiple ways that I trade, but the video H post yesterday had me wanting to give this a go again.. Here's some trades..
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  • #5,617
  • Apr 4, 2018 3:11pm Apr 4, 2018 3:11pm
Harold, you break even on 8 ticks right?
  • #5,618
  • Apr 4, 2018 4:20pm Apr 4, 2018 4:20pm
+1 @ 6
  • #5,619
  • Apr 4, 2018 4:38pm Apr 4, 2018 4:38pm
ok thanks..
  • #5,620
  • Apr 4, 2018 5:10pm Apr 4, 2018 5:10pm
Nice setups focus
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