Plan the Trade

Have you been watching NQ for very many days during that time period?

I should have had a good plus pip count today ... made 2 mistakes that cost me ... first trade should have been a sell and I accidentally put up a buy limit order so had a loss there of 10 pips ... then the last trade should have been a BE but it narrowly missed my automated BE target and I did not manually move the SL so it ended at a full loss ... but good practice once again.

A "bla" day today on the DAX .... missed 1 or 2 opportunities ... the one I did take did not really have a good rejection bar, just a nice thrust bar ... kaboom ... practice, learn and grow ...

Not my day today ... both sessions ended in the negative ... I was surprised with my emotions though ... was steady as a rock ... wait for a trend ... wait for a pullback with a rejection + thrust bar and enter .... and let it go ... over and over .... must be the practice ... lekker lekker.

Enjoy the weekend!

I was playing around with 300tick charts after i saw yours . . . Also, went back and reviewed some of H's older videos with higher tick charts . . . I am wondering if i can see the thrust bars a bit better with 300 tick. It also seems to iron out a few of the "nooks and cranny's'' . . .

Anyone heard from H? Haven't seen a post in a while.

He mentioned something about house renovations . . . That usually takes awhile longer than planned . . . : )

Have to admit, i thought the very same thing after Friday's late session.

I got absolutely chewed up trading this on the 133 - (minus 47 by the end, loads of small counter 123's);



Then i looked at the same action using 400 trades and it suddenly looked much clearer;



So i do believe it is important to eliminate some 'noise'. I will take a look at the 300 myself, as it might be a happy medium. I think no matter what frame you view, the same patterns will materialise, so you can still find chop on 300/400 etc, but it surprised me how easily i got churned about by it.

The plain fact is overall trend is most important, so first, we need to decide which are the 'significant' HH's or LL's etc, then only consider the trend broken when a 123 breaks that point and then also thrusts away from near point 3.

Having the discipline to wait for all of those things to line up, is the hard part. In honesty, the 133 should throw up more opportunities.

I found myself becoming almost more of a PA trader recently, but it has taught many bad habits, i think. I've really struggled with missing a fill by a small handful of ticks and then started chasing and it is where impatience has overtaken my trading psyche.

Incredible really - you know a good trade when you see it, but all of these outside factors have to be dealt with accordingly. To wait for the better set-ups only to then be taken out for BE or to be tapped and not filled only to watch a +20 materialise without you, all plays hell with me. I learnt ages ago, that i simply don't have the calm nature to be a successful trader. It really is a battle!

133 trades;



Just seems easier to see the exact entries using 400 trades;

Awesome, you could write down a book with these info

Look at nq drop today . . .

It's been a terrible month today helped emenclly

A lot of pullbacks worked very well today, and with nice follow thru

Up till now I have been practicing with the DAX and the US30 (DOW) on a small MT4 live account of mine with 0.1 lots, could not practice on the NQ100 because they only trade from a full lot.

But as Mr D said, the NQ100 has much better price action (even on the 1 minute charts) so I am opening a MT4 demo acc and practicing on the NQ100 from tomorrow.

Could not trade DAX this morning.

On the US30 today I had one BE trade.

If its demo, and mt4 1min charts, you might as well get mt5 demo with AMP. Then you can renew it from the platform when it runs out (as many times as you want).
Then you can use emini nasdaq, emini dow, or mini dax all with free data . . . . I keep mt5 demos going on my ipad and phone all the time and just open a new one when they expire. Free data and no hassle. The only drawback is that mt5 has no tick charts. So i trade Sierra under my live account, but keep the mt5 demos going just to watch and compare various future's markets . . .

Thanks ... will look into it.

300tick

Another BE session for the DAX ... my Infinity Sierra Acc should be sorted out next week sometime and then I will be "normal" again.

NQ100 1 minute chart so far = messy

Enough for today ... PA is better than DOW so good practice but not good pips for the day ... a rough ride ... ended at -30.6 pips