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Plan the Trade

  • #6,541
  • Jul 2, 2018 11:02am Jul 2, 2018 11:02am
Quoting Divergence
I am currently using 9 tick range bars with a 10 ems color changes based on slope I also added the macdbbha found in custom study's still trading pullbacks with a twist
I'm in 'custom studies', but don't see it. Is it one of those in the image:
Attached Image
'in less than half an hour he made over 100 ticks'
  • #6,542
  • Jul 2, 2018 11:24am Jul 2, 2018 11:24am
Those are the regular ones the other ones it jdt macdhabb
  • #6,543
  • Jul 2, 2018 11:36am Jul 2, 2018 11:36am
I think it's easy to over-complicate things. Looking at the 300T chart again, if we concentrate on just the obvious peaks and troughs (not every nook and cranny), it's easy to keep an eye on what we had to the left.

From then on, it's all about matching scales. The large Supply marked to the left of the chart below, is overall trend down, but the inbetween trend was Long. It had a huge area of 'blue sky' back up to that level, thus, we look for pullbacks to previous Demand zones on the way up. Once the level is reached, it's time to go Short, or at least expect a large enough pyllback for safety (the gap close -red line, was closed perfectly for the drop).

Once trend has reversed, it's time to label all of the prior Supplies and look for reactions to occur there on the way down. By choosing the more obvious ones, the risk is small, probability of a reaction (as minimum) is higher, but ideally, we should look for trend continuance (thus fresh lows if Shorting etc)...

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  • #6,544
  • Jul 3, 2018 9:51am Jul 3, 2018 9:51am
@!*&&^%$! Just got my +20

Very tough going

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'in less than half an hour he made over 100 ticks'
  • #6,545
  • Jul 3, 2018 9:59am Jul 3, 2018 9:59am
Started an hour or more after open, waited for this prior Demand level and took the plunge, resulting in a +24, then because it broke that last level and made a slight LL, i switched short for a +10, but could/should have run that one longer;

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The second trade is kind of a result of what i have spoken about recently, it just 'felt' like it was going to drop through the prior Support... I call it 'PA' trading, using the candle action together with trend.
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  • #6,546
  • Jul 3, 2018 11:21am Jul 3, 2018 11:21am
Grabbing;

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  • #6,547
  • Jul 3, 2018 11:46am Jul 3, 2018 11:46am
A decent day, as it's turned out, no losses (a rarity these days), has me asking myself have the algo's changed back???

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  • #6,548
  • Edited 1:41pm Jul 3, 2018 12:18pm | Edited 1:41pm
hello,

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my first trade is loose because the price has decided to make a round trip over the resistance ..

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I took the short because convinced by my goal of decline

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Possible demand ?

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  • #6,549
  • Jul 3, 2018 1:54pm Jul 3, 2018 1:54pm
My Sierra account became alive today so I am back ... but what a day ... I tested the 8/9 tick range bars that Mr D mentioned and can see that they show the trend moves more clearly ... and especially the longer trend rallies that thomi is demonstrating ... so I decided to experiment a bit and test a few theories (simulation mode) ... ended at -149 ticks ... for every good trade I ended up with multiple stop-outs in a row ... that happened when I tried to manage the trades more "loosely" ... needless to say I will have to manage it tighter, like Mr D demonstrated ... works better for me .... after analyzing the trades I did realize that I started having decision making fatigue deeper into the session because I cannot for the life of me see why I entered some of the trades ... better to have a target and stop when the target is reached ... I was positive in the middle of the session and should have stopped there .... lesson learned !!!

Not posting my charts ... it is just a mess

Enjoy the holiday tomorrow !!!
Never give up !!!
  • #6,550
  • Jul 3, 2018 3:30pm Jul 3, 2018 3:30pm
I'm fairly confident that when everything returns to normal I'll be in a good place. There was just no follow through today. I think I had about 5 plus ones in a row.

I'm also mindful to try and keep it to the 1st hour as often as possible.
'in less than half an hour he made over 100 ticks'
  • #6,551
  • Jul 4, 2018 1:09am Jul 4, 2018 1:09am
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  • #6,552
  • Jul 4, 2018 7:42am Jul 4, 2018 7:42am
Quoting onejester
I'm fairly confident that when everything returns to normal I'll be in a good place. There was just no follow through today. I think I had about 5 plus ones in a row. I'm also mindful to try and keep it to the 1st hour as often as possible.
Is +1 @ 6ticks? Just curious. Thanks.
  • #6,553
  • Jul 4, 2018 7:45am Jul 4, 2018 7:45am
Quoting Divergence
Those are the regular ones the other ones it jdt macdhabb
I dont see it in my studies either. Odd, cause i had it on a previous version of sierra . .
  • #6,554
  • Jul 4, 2018 2:04pm Jul 4, 2018 2:04pm
Quoting onejester
{quote} Futures broker Deposit $500 Sierrachart becomes free Nq data $5 per month When you are ready to go live, just switch sierrachart out of sim and you are on your way
Can you actually trade with just $500 in a Sierra account?
I Spreadbet with IG in the UK and they ( as are all within esma ruling) going to up the deposit reqd. to start trading.
every Saint has a past. Every Sinner has a Future
  • #6,555
  • Jul 4, 2018 4:16pm Jul 4, 2018 4:16pm
Quoting bapakjason
{quote} Is +1 @ 6ticks? Just curious. Thanks.
No problem. I thought a +1 was triggered after 5 ticks. These were at divergences standard settings, except I set the take profit at 15 rather than 20.
'in less than half an hour he made over 100 ticks'
  • #6,556
  • Jul 4, 2018 4:27pm Jul 4, 2018 4:27pm
Quoting turnip15
{quote} Can you actually trade with just $500 in a Sierra account? I Spreadbet with IG in the UK and they ( as are all within esma ruling) going to up the deposit reqd. to start trading.
I put in a grand Usd, I made a point in asking them in advance citing the esma ruling. As far as I am concerned it will work when I set it live. I do after another 8 weeks of profitable trading. I will bite the bullet.

If you are considering an account, I would do your due diligence and reconfirm. I cannot think that anything has changed in the last month, but I'd hate to waste anyone's time.
'in less than half an hour he made over 100 ticks'
  • #6,557
  • Jul 4, 2018 4:30pm Jul 4, 2018 4:30pm
Quoting bapakjason
{quote} I dont see it in my studies either. Odd, cause i had it on a previous version of sierra . .
It is there starts with jdt, not at terminal at the moment so can't see. Doesn't start with 'macd'.

Didn't help me on 133tick in demo, I've got too used to watching price now to go back to indicators. If I absolutely had to it would be bollinger, anything else distracts me.
'in less than half an hour he made over 100 ticks'
  • #6,558
  • Jul 5, 2018 8:02am Jul 5, 2018 8:02am
Quoting onejester
{quote} It is there starts with jdt, not at terminal at the moment so can't see. Doesn't start with 'macd'. Didn't help me on 133tick in demo, I've got too used to watching price now to go back to indicators. If I absolutely had to it would be bollinger, anything else distracts me.
on my platform click on add custom study,then click on user contributed studies, starts with jdt, hope this helps
  • #6,559
  • Jul 5, 2018 8:54am Jul 5, 2018 8:54am
If today is any representation of what can happen consistently, i will hold on to these 10tick range bars . . .
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  • #6,560
  • Jul 5, 2018 10:16am Jul 5, 2018 10:16am
Quoting bapakjason
If today is any representation of what can happen consistently, i will hold on to these 10tick range bars . . . {image}
Really nice trading. Currently trying to dig myself out of a small hole...
'in less than half an hour he made over 100 ticks'
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