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Plan the Trade

  • #6,181
  • May 14, 2018 9:07am May 14, 2018 9:07am
Started with a -6 loss, flattened when realised it was away... a nook & cranny trade this one me thinks.
Nickel & diming... too many trades really but I'mm happy to get out if price not reacting quickly.
+28 (wish Sierra was better at notating trades)
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  • #6,182
  • May 14, 2018 9:19am May 14, 2018 9:19am
well after 5 +1s i just stopped
  • #6,183
  • May 14, 2018 9:34am May 14, 2018 9:34am
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Become the casino
  • #6,184
  • May 14, 2018 9:42am May 14, 2018 9:42am
Still climbing . . . .
  • #6,185
  • May 14, 2018 9:59am May 14, 2018 9:59am
Nice one Ras saw that after I stopped.
Tried a few more trades after the downtrend around 10.42, hoping to catch the trend but just +5.
Cert enough for me today.
  • #6,186
  • May 14, 2018 10:13am May 14, 2018 10:13am
Was down -19, recovered to + 12 which was no mean feat.
'in less than half an hour he made over 100 ticks'
  • #6,187
  • May 14, 2018 12:03pm May 14, 2018 12:03pm
Checked back after lunch, got a bit more
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  • #6,188
  • May 15, 2018 8:17am May 15, 2018 8:17am
Dax +134

I understand that it used to happen like this all the time. I set a TP at the middle line, but it could have run all the way.
I have to thank our buddy Divergence for the entry...

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'in less than half an hour he made over 100 ticks'
  • #6,189
  • May 15, 2018 8:45am May 15, 2018 8:45am
a quicky today the candles were coming out very fast so i just waited and then it happened
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  • #6,190
  • May 15, 2018 9:12am May 15, 2018 9:12am
hows your ribs coming along CG
  • #6,191
  • May 15, 2018 9:27am May 15, 2018 9:27am
I experimented with a few chart features and trailing stops yesterday but it was disasterous so I am not sharing that chart :-)

Today went fine ... just one question... why would your chart look different than mine, Mr D ... is there more than one NQ100 on SierraCharts?
I see after the 5 minute wait my chart was hectic but yours already settled ... the rhythm looks the same though.
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Never give up !!!
  • #6,192
  • May 15, 2018 9:30am May 15, 2018 9:30am
Quoting theunis
I experimented with a few chart features and trailing stops yesterday but it was disasterous so I am not sharing that chart :-) Today went fine ... just one question... why would your chart look different than mine, Mr D ... is there more than one NQ100 on SierraCharts? I see after the 5 minute wait my chart was hectic but yours already settled ... the rhythm looks the same though. {image}
under the tab file on top scroll down to data services make sure the time is new york and change the setting from 1 second to tick
  • #6,193
  • May 15, 2018 9:38am May 15, 2018 9:38am
Quoting Divergence
{quote} under the tab file on top scroll down to data services make sure the time is new york and change the setting from 1 second to tick
Got it ... thank you!
Never give up !!!
  • #6,194
  • May 15, 2018 9:41am May 15, 2018 9:41am
Hi Harold,
Simply stunning information you are giving away in this thread for little or no reward. I have only just moved to futures and the trading interface through Sierra charts along with the unmanipulated feed is a revelation. I remember your contributions in a chatroom a year or so ago when you were considering a paid room and all the usual FF naysayers rear their ugly heads calling you a scammer etc. so kudos to you for even bothering to continue posting. This is more or less the only thread I will look at on FF because of your excellent material and the insightful posts of CG so long may it continue.
Just a quick comment on your trades today, I took the 123 pullback buy I have marked on the chart for a -15 before then taking the +20 that you also took. Just wondered what stopped you from considering the 123.
Cheers, Simon
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  • #6,195
  • May 15, 2018 9:48am May 15, 2018 9:48am
The charts look much better, thanks, had another good run with the new settings.
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Never give up !!!
  • #6,196
  • May 15, 2018 9:59am May 15, 2018 9:59am
Quoting simtrad
Hi Harold, Simply stunning information you are giving away in this thread for little or no reward. I have only just moved to futures and the trading interface through Sierra charts along with the unmanipulated feed is a revelation. I remember your contributions in a chatroom a year or so ago when you were considering a paid room and all the usual FF naysayers rear their ugly heads calling you a scammer etc. so kudos to you for even bothering to continue posting. This is more or less the only thread I will look at on FF because of your excellent...
on that pullback it looks like it went up first to set at be+1 i think
  • #6,197
  • May 15, 2018 10:08am May 15, 2018 10:08am
+1 for me today so with comms would be down, struggling for time as finishing a few things before going away for a short holiday tomorrow.
Got stopped out using too tight stops which put me down to -28 at one point, all part of the learning!
  • #6,198
  • May 15, 2018 10:16am May 15, 2018 10:16am
Quoting Divergence
{quote} on that pullback it looks like it went up first to set at be+1 i think
On my feed it hit -15 in the blink of an eye! I have my bracket order set up like yours so no BE +1 for me, it may have been on your feed. It just looked like a decent trade to me with that big thrust bar but you seem to have an uncanny ability to avoid those losers :-)
  • #6,199
  • May 15, 2018 10:21am May 15, 2018 10:21am
Quoting Divergence
hows your ribs coming along CG

Hi H, living on painkillers for the mo. I stopped taking them on Sunday, but yesterday it became a little too much discomfort again, so i gave in and took more.

I simply didn't feel like trading yesterday. In fact i've found that familiar old stressful feeling coming back after 3 days without looking at a chart. I expect others here will relate to it, (not so much yourself, as i know trading is simply a part of your routine nowadays), for myself, i still feel that the weekends sometimes are an almost unwanted break, when i've been previously in 'the zone' so to speak.

With that said, i had my fastest ever result a moment ago. No word of a lie, i literally opened my charts, saw the trade, took it and perhaps 20 seconds or so later it hit target. I was just moving my stoploss up to chase the profit when it hit limit;

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Bread & butter trade, but i think it might have been a BE+1 if i had loaded the charts in a minute sooner, cos i would probably have brought my SL up after fill on the first drop immediately prior. I will put that down to luck. Nice feeling though (even on demo).

Now i really need to gear up for the switch.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,200
  • May 15, 2018 10:30am May 15, 2018 10:30am
Quoting simtrad
{quote} On my feed it hit -15 in the blink of an eye! I have my bracket order set up like yours so no BE +1 for me, it may have been on your feed. It just looked like a decent trade to me with that big thrust bar but you seem to have an uncanny ability to avoid those losers :-)

My twopenneth;

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When PA reacted at the prior pullback level and made a LH (as opposed to a new HH), it becomes a risky trade. That is not to say that it might not have been a valid trade - just purely a risky one.

When the drop is steeper, with less fluctuations and the 123 trigger that you labelled was much smaller in relation to the drop, (what i call 'blue sky') it has more likelihood of working, but a pullback to the prior Supply without breaking through it to create a HH (and thus likely trend change) is risky...

There are always counter-trends within trends, but when they have already pulled back to their prior S/D level, they are likely to have completed...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
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