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Plan the Trade

  • #6,021
  • May 1, 2018 10:00am May 1, 2018 10:00am
ras on third chart you went long but there was a 123 to short
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  • #6,022
  • May 1, 2018 10:06am May 1, 2018 10:06am
Quoting Noeyedear
..with you ..i think reducing the scale might help my 'nook & cranny' tendencies
what ever works didn't even realize the scales just want to see PA better
  • #6,023
  • May 1, 2018 10:08am May 1, 2018 10:08am
grabbed some more .. time to stop:

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Become the casino
  • #6,024
  • May 1, 2018 10:11am May 1, 2018 10:11am
Quoting Divergence
ras on third chart you went long but there was a 123 to short {image}
yes i made a mistake Harold .. the short would have given +20 and i would have stopped there .. as it happened i took a -15 and that changed everything
Become the casino
  • #6,025
  • May 1, 2018 10:16am May 1, 2018 10:16am
I am drawing in the trend lines on the fly to try and identify the real trend vs the nooks and crannies .... started trading a bit late so missed the first few good ones and have had a few that was not taken ...
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Never give up !!!
  • #6,026
  • May 1, 2018 11:10am May 1, 2018 11:10am
Lot of +1s again, 2 -15s, looking at the other one it looks like the reverse of the one I posted earlier.
Pullback to thrust bar trade should have been voided, pretty sure this could be considered a 2b...
Attached Image
  • #6,027
  • May 1, 2018 11:34am May 1, 2018 11:34am
Quoting goose11
Lot of +1s again, 2 -15s, looking at the other one it looks like the reverse of the one I posted earlier. Pullback to thrust bar trade should have been voided, pretty sure this could be considered a 2b... {image}
Thought a 2b would be at the end of a trend
So many in the Commercial section want to make me rich! :o
  • #6,028
  • May 1, 2018 12:03pm May 1, 2018 12:03pm
Unfortunately had to trade the lunch hour again, had a better session this time though;

3 trades, 15 mins;

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  • #6,029
  • May 1, 2018 12:08pm May 1, 2018 12:08pm
Damn, whilst typing that up there was a lovely set-up;

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3 bites of the cherry)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,030
  • Edited 2:22pm May 1, 2018 12:58pm | Edited 2:22pm
Quoting goose11
Lot of +1s again, 2 -15s, looking at the other one it looks like the reverse of the one I posted earlier. Pullback to thrust bar trade should have been voided, pretty sure this could be considered a 2b... {image}
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Not enough thrust away Goose. Prefer to see smaller 123 and larger thrust, then retest, personally;

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  • #6,031
  • May 1, 2018 3:14pm May 1, 2018 3:14pm
Thanks CG makes sense.
I'm chasing trades too much at the moment.
  • #6,032
  • May 1, 2018 5:04pm May 1, 2018 5:04pm
Quoting theunis
I seem to get stuck in the nooks and crannies too often ... manage risk well but then my profit only takes me to break-even again before the next wave of nook and cranny losses begin ... eish ... trying to get past that now with practice and practice and practice ad infinitum ... with my broker only the DAX 1 minute charts have enough volume and the spread is low enough to trade this way so I must make due.
I trade the dax, but if I'm honest there is far less opportunity than the Nq. It just doesn't take off the same and there are fewer signals.
'in less than half an hour he made over 100 ticks'
  • #6,033
  • Edited 8:52pm May 1, 2018 8:22pm | Edited 8:52pm
heres a video for those getting caught by the nooks and crannys of a 133 tick chart
Inserted Video
  • #6,034
  • May 2, 2018 2:47am May 2, 2018 2:47am
Very good vid H, starting to get an idea of how to streamline trades, why did you not take these trades:
Entering short at B?
Short at C, looks like an ok thrust down bar at 3? (ah this is the trade CG corrected above- needs smaller 123 and bigger thrust, candles just look a bit different)
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  • #6,035
  • May 2, 2018 3:28am May 2, 2018 3:28am
Quoting onejester
{quote} I trade the dax, but if I'm honest there is far less opportunity than the Nq. It just doesn't take off the same and there are fewer signals.
Thanks for the nooks and crannies video, Mr D ... much appreciated !

I agree with regard to the DAX ... but I still get good results ... I am testing the first 1.5 hours after Londen open with the DAX and then 1.5 hours after the NY open with NAS100 ... the spread is a bit higher so I have to compensate but on the 1 minute the market behaves very much the same as Mr D's 133.

I love the fact that risk is managed so tight and we have to wait for the market to come to us .... patience, patience, patience ... a quote of Warren Buffet I read somewhere: "The markets are instruments for transferring funds from the impatient to the patient".

So true ... when I get impatient then I pay time and again but when i am patient I get paid, also time and again.
Never give up !!!
  • #6,036
  • May 2, 2018 3:37am May 2, 2018 3:37am
Dax cert has better movement than currencies but must admit I struggle to see trades on in, today for eg below....
Maybe you have some previous charts with your trades unis?
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  • #6,037
  • May 2, 2018 8:43am May 2, 2018 8:43am
Quoting goose11
Very good vid H, starting to get an idea of how to streamline trades, why did you not take these trades: Entering short at B? Short at C, looks like an ok thrust down bar at 3? (ah this is the trade CG corrected above- needs smaller 123 and bigger thrust, candles just look a bit different) {image} {image}
I stop after I make 40 ticks with 3 contracts
  • #6,038
  • May 2, 2018 8:51am May 2, 2018 8:51am
Here are a few screen dumps of my DAX trades ... the good, the bad and the ugly ... like I mentioned I had some issue with nooks and crannies but are getting better .. all trades live on 1 minute chart but with low lots ... I do not trust the demo platforms ...
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Never give up !!!
  • #6,039
  • May 2, 2018 8:57am May 2, 2018 8:57am
+39, not ideal setups I took today, last one below was the best of the bunch. 3.30pm oils so time to quit and using H's philosophy of +40 def time to stop!
Thanks for that uni will take a look over, being in the UK was wondering if anything was to be had in the morning on the Dax (currencies are a waste of time short term now imo)
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  • #6,040
  • May 2, 2018 9:07am May 2, 2018 9:07am
Quoting goose11
+39, not ideal setups I took today, last one below was the best of the bunch. 3.30pm oils so time to quit and using H's philosophy of +40 def time to stop! Thanks for that uni will take a look over, being in the UK was wondering if anything was to be had in the morning on the Dax (currencies are a waste of time short term now imo) {image}
Sjoe, you guys get way better setups with the 133 vs the 1 minute that I currently have .... I will have to make a plan ....
Never give up !!!
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