Plan the Trade

you also had a 2b which broke to change direction but being up 38 at the end is what counts

Seems for awhile i had mine on NPL, net profit/loss, and it would show the live tick count in running trades (plus previous trades included). Then you can switch it from ticks to cash if you want . . .

under advanced setting

Thanks H, would this be how you would be looking to have traded the one I lost on?

yes a pullback to 2b candle unless a swing happens before then

Starting to appreciate the focus required to play this game!

the 2b and 123 breaks determine trend change at least for me that's why I am not in some of the trades others are in

Just spotted this one would this be a good eg of a 2b which didn't work out (may have BE)

That's not really a 2b there's so swing it's just and engulfing candle it the mist of sideways action

Ah yes looking at them both now I see that, thanks H.

It's already been answered Goose, but here is what i see;



The move up is corrective and reacts at the likely prior Supply. No HH means trend is down!

Trend first, then 123/2B, pullback...

Thanks CG. Looking at it again think I was taking the 123 pullback too literally, the 2b and the fact a new high wasn't made (which you point out) should have been alarms not to take a long trade!

So CG how did you do today

Slept badly last night, woke up eventually at 12:20 lunchtime, so i've been all behind today. I'm watching at the mo, 2 trades +8 and -4, but starting in lunch hour prob not a great idea.

Here's the encouraging fact CG you are managing risk excellently it might be time to go live

I hear ya H.

I fear tonight has been a non-starter. I'm currently +8 but i think that's with about 10 comms... i would say that it is so slow, i've started taking boredom trades, instead of decent set-ups and that is where demo becomes fairly useless.

It's been a great reminder though, as i used to trade at such times... have to say i prefer it when it is trending hard during morning session.

I'm in no rush just yet to toggle the TSM mode. Patience req'd, but it's all good experience and heading in the right direction all of the time. In my opinion, there is simply no substitute for experience and i look back to a year ago, regarding how i was viewing pullback levels compared to the way i do today and it is a huge step forward. With that in mind, i consider where i will be in a years time from now...

Money management and risk can only improve as will be taking less risky set-ups, less losers and perhaps i can also tackle my overly aggressive stoploss chase and take a few larger winners too... plenty of room to improve yet.

One more trade for +3, so i think it's evens on the day now.

Really, there has been nothing but retests and loads of BE's or BE+1's, whereas when the volume is higher they tend to run after fill...

Quite frustrating cos i've been nipped out of a couple of trades tonight, even after standing one retest, just before the real move...

I've def got no interest in trading during such low volume times anymore.

Ever since I dropped down to 133 tick charts and realising in that first hour there will be enough setups I decided a plan to make 600 dollars a day so thank you for showing 133 tick charts to me so planing the trade and trading plan has been more than I hoped for

Pleasure's surely all mine sir)

You're the backbone of the thread and the aspiration to us all, i'm sure everyone here will agree.

$600/day 4 days per week, total trade time 4hrs is the holy grail, phenomenal stuff.
There is a huge value in having free time to do your own thing, who wants to sit in front of a computer 8 hrs a day...