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Plan the Trade

  • #5,721
  • Apr 11, 2018 3:05pm Apr 11, 2018 3:05pm
Quoting Divergence
Not many losing days is tremendous CG it's been a long time coming. There are quite a few more setups on 133 tick a bunch of plus 1s but you keep attaching till I get 40+ ticks for day

That's the great thing, there is usually enough of a reaction on the 133 set-ups to at least get stoploss to +1, but with Spreadbets and 1 point spreads (4ticks), it becomes difficult.

I will prob go back to 133 and demo... If after a month i can prove to myself that i can recover from losing starts and have mostly positive days, i think i will be mentally ready to make the switch....
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,722
  • Apr 12, 2018 7:57am Apr 12, 2018 7:57am
volume looks a little lighter than normal
  • #5,723
  • Apr 12, 2018 9:40am Apr 12, 2018 9:40am
Quoting Divergence
a recap of todays trading the first hour https://youtu.be/EjAWgkOsPdA
Hi Divergence,

Loved the analysis of the days trading on the 10th April, I have come to get to know your style of trading after following TMS for a while (which brought me over here to this thread) yours and Cableguy's techniques appeals to me, I wish one day to have your insights and wisdoms for trading.

I particularly admire the time you seem to spend trading, which appears to be 5 mins after the start of trading and for about an hour, then done?

I have a few questions, I didn't want to bore other traders with questions from a trader with less experience, would you mind if I PM you, to keep the thread clear for other more important issues?

Thanks very much.
  • #5,724
  • Apr 12, 2018 9:59am Apr 12, 2018 9:59am
made a mistake with the 2b for -15 so kept going .. +20 on 2b break south .. am done for the day:

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Become the casino
  • #5,725
  • Apr 12, 2018 10:03am Apr 12, 2018 10:03am
should have been done way earlier .. here's the ones i missed:

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Become the casino
  • #5,726
  • Apr 12, 2018 10:43am Apr 12, 2018 10:43am
No word from our fearless leader, the GrandPuba
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?
  • #5,727
  • Apr 12, 2018 11:17am Apr 12, 2018 11:17am
There's that little hiccup and thrust retest again;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,728
  • Apr 12, 2018 11:23am Apr 12, 2018 11:23am
Funnily I tried that type of trade but didn't work out
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  • #5,729
  • Apr 12, 2018 11:27am Apr 12, 2018 11:27am
Pullback after 123 but flattened when came back to BE
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  • #5,730
  • Apr 12, 2018 11:46am Apr 12, 2018 11:46am
..not enough thrust from the 3 on that one, for me anyway.
  • #5,731
  • Apr 12, 2018 12:15pm Apr 12, 2018 12:15pm
Quoting goose11
Funnily I tried that type of trade but didn't work out {image}
I got caught a little higher up for a -8 on same move, but will stop now with a +30 to finish with. Earlier (3 x +1) so 6 comms;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,732
  • Apr 12, 2018 12:18pm Apr 12, 2018 12:18pm
Quoting JaguarJaguar
{quote} Hi Divergence, Loved the analysis of the days trading on the 10th April, I have come to get to know your style of trading after following TMS for a while (which brought me over here to this thread) yours and Cableguy's techniques appeals to me, I wish one day to have your insights and wisdoms for trading. I particularly admire the time you seem to spend trading, which appears to be 5 mins after the start of trading and for about an hour, then done? I have a few questions, I didn't want to bore other traders with questions from a trader with...
Ask away that's what the threads all about CG or me or others would be glad to help. Been at Drs appts for wife sitting in 3rd office. Today was not great for me I totaled 70 but a host of +1s
  • #5,733
  • Apr 12, 2018 2:16pm Apr 12, 2018 2:16pm
a very hectic morning getting phones calls and what have you and also chaotic pa I still did a live video
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  • #5,734
  • Apr 13, 2018 1:45am Apr 13, 2018 1:45am
Quoting Divergence
a very hectic morning getting phones calls and what have you and also chaotic pa I still did a live video https://youtu.be/S0NOtEDbe1E
That turned out to be a really good video. Why? Because of showing how to deal with a number of "less than perfect" situations. Thanks for sharing on a day that was less ticks than usual !
  • #5,735
  • Apr 13, 2018 4:15am Apr 13, 2018 4:15am
Quoting The Cableguy
There's that little hiccup and thrust retest again; {image} {image}
Hi Cableguy, looks like that you have a 20:20 theoretical risk reward that wide enough to cover some false breakout of the SD zones, but tight your stop quickly ever since the PA move to your favour, and some times you would close directly if the PA going to have some follow through after it breakout the zone just like the -8 in post 5731. am i right ?
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #5,736
  • Apr 13, 2018 4:33am Apr 13, 2018 4:33am
Quoting fxderek
{quote} Hi Cableguy, looks like that you have a 20:20 theoretical risk reward that wide enough to cover some false breakout of the SD zones, but tight your stop quickly ever since the PA move to your favour, and some times you would close directly if the PA going to have some follow through after it breakout the zone just like the -8 in post 5731. am i right ?
Hi Derek.

The discretion always alters depending on the look of PA at the time and what went before;

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In this instance, there was also a Market Profile line (blue line - extreme from previous day) at that level and look left, it worked as support a couple times before too... it just 'felt' as if it should react there as a minimum.

Regarding the -8. My auto stop is -10, but i will alter it, if i have an EW count in my mind, then i will usually not expect the last sig peak or trough to be broken and i would prefer to make the stop a little tighter being 1 tick above/below that point.

Again, it's discretional, because if trading it purely as S/D, a little room to breathe is better and you can try to get out of the trade for BE instead, once that point is breached (trend has potentially changed).
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,737
  • Apr 13, 2018 5:25am Apr 13, 2018 5:25am
H doesn't appear to be referring to Market Profile these days - anything other than PA on screen for me has proved too much of a distraction but for others i know it can work well.
  • #5,738
  • Apr 13, 2018 5:41am Apr 13, 2018 5:41am
I stopped using MP sometime ago, as i prefer to concentrate on PA itself, but for me, the two 'extremes' and 'gap close' are powerful lines and worth having on the chart (imo)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,739
  • Apr 13, 2018 9:02am Apr 13, 2018 9:02am
finished before 10 .. first time ever:

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Become the casino
  • #5,740
  • Apr 13, 2018 9:18am Apr 13, 2018 9:18am
not a bad day
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