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Plan the Trade

  • #6,581
  • Jul 10, 2018 10:34am Jul 10, 2018 10:34am
I see a great trading plan.

Hope that work and make a consistent profit to you

Cheers,

IR
  • #6,582
  • Jul 10, 2018 10:46am Jul 10, 2018 10:46am
Tradovate 10tick range bars beside Sierra
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  • #6,583
  • Jul 10, 2018 11:47am Jul 10, 2018 11:47am
My fourth live day ... my first positive day +6 (HURRAY) ... although it is still a small negative if I take the commissions into account ... but I'm getting there at least ... I tried something new today (based on CableGuy and thomi's ideas) ... still the same trend and pullback but I tried to stay a bit longer in the impulse waves that follow ... and did not bring the trade to breakeven within the first impulse wave but waited for the second wave to start and then take the SL to BE ... I then look at nearby longer term supply and demand levels and let the trade ride ... the first few trades was difficult emotionally and I was a bit over eager so took not-so-good setups and paid school fees ... but overall it worked ... it is very much the same I trade Forex, have just never done it on such small timeframes ... practice practice practice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQU8 2.50 Range #5 2018-07-10 11_16_26.062.png Size: 49 KB
Click to Enlarge Name: NQU8 2.50 Range #5 2018-07-10 11_16_44.067.png Size: 32 KB
Never give up !!!
  • #6,584
  • Jul 10, 2018 2:15pm Jul 10, 2018 2:15pm
Quoting bapakjason
Anyone ever heard anything + or - about Tradovate? Trades with a monthly fee instead of a per trade commission . .. .
You still pay for clearing and NFA fees, works out $2.56 in fees vs $4.08 with AMP, and the $149 a month on top. You need to be using it plenty to save anything...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,585
  • Jul 10, 2018 2:41pm Jul 10, 2018 2:41pm
Wank + 8 from 25, these ranges suck me in every time.

More discipline required.
'in less than half an hour he made over 100 ticks'
  • #6,586
  • Jul 10, 2018 8:36pm Jul 10, 2018 8:36pm
Quoting The Cableguy
{quote} You still pay for clearing and NFA fees, works out $2.56 in fees vs $4.08 with AMP, and the $149 a month on top. You need to be using it plenty to save anything...
Ok, i went back and found the "all-in rates table". That helps. I see they use Dorman and Philips like Ninja uses.
So it seems the mid level monthly plan is $79 a month @ $2.96 round turn. At just over a dollar savings we would need +79 trades per month to beat $4.08 at AMP.
But then there are more fees if you use Sierra through them . . .. Anyway, thanks.
  • #6,587
  • Jul 10, 2018 9:54pm Jul 10, 2018 9:54pm
Quoting onejester
Wank + 8 from 25, these ranges suck me in every time. More discipline required.
A lot of orders filled back and forth in small ranges in that session.
  • #6,588
  • Edited 3:45am Jul 11, 2018 3:07am | Edited 3:45am
I mentioned Tradovate platform being a split second faster than Sierra, i notice now my chart update interval in milliseconds is at 500, quote board update at 800 (i have chart tdading DOM on), whats an optimal setting for these? Perhaps a change here gets it moving same speed as Tradovate . . .
Attached Image (click to enlarge)
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  • #6,589
  • Jul 11, 2018 5:31am Jul 11, 2018 5:31am
The whole scenario has me researching what latency speed in miliseconds is perceptible by the human eye. Lol
No one wants to feel there is any lag in their platform!!!
  • #6,590
  • Jul 11, 2018 11:59am Jul 11, 2018 11:59am
My fifth live trade session ... ended at -27 ... I suppose I should not have traded, being in two minds ... I had a tough decision to make ... I back-tested Mr D's snappy bring-to-BE-asap vs the ride-the-longer-waves method and my concluded that there is just too many false starts for the the ride-the-longer-waves method ... for me anyway ... it works fine in the longer time frame Forex pairs but not here. Mr D's way is more robust and makes it mentally easier to enter ... there is more +1 stop-outs, sure ... but I am too quickly at my max drawdown for the day with the ride-the-longer-waves method ... anyway ... practice practice practice !!!
Attached Image (click to enlarge)
Click to Enlarge Name: NQU8 2.50 Range #5 2018-07-11 12_51_06.812.png Size: 40 KB
Never give up !!!
  • #6,591
  • Edited Jul 12, 2018 2:09am Jul 11, 2018 2:21pm | Edited Jul 12, 2018 2:09am
[quote=theunis;11252618]My fifth live trade session ... ended at -27 ... I suppose I should not have traded, being in two minds ...

An interesting observation:
A few hours after posting the charts when I look at it again, I cannot think that I took some of the trades, it is easy to see my timing was out etc etc ... and the most frustrating thing is all the "right" trades seems so obvious ... my only conclusion is that it must be a mental block or something ... that is why I plan to continue practicing in live mode for a while to see if I can beat it ... practice makes perfect ... or so they say
Never give up !!!
  • #6,592
  • Edited Jul 12, 2018 7:47am Jul 11, 2018 3:58pm | Edited Jul 12, 2018 7:47am
I have been busy doing house renovations plus as a TRADER always looking to hone my craft. June was a non profit month may be a few ticks and was trying to figure out why and how i can improve. I am putting together a little video on locating supply and demand areas better a little out of the box thinking but has proved to be profitable. Less trades more profit. Video will be up in about 10 minutes downloading it to you tube
  • #6,593
  • Jul 11, 2018 4:16pm Jul 11, 2018 4:16pm
Inserted Video
  • #6,594
  • Jul 11, 2018 5:23pm Jul 11, 2018 5:23pm
Quoting Divergence
https://youtu.be/Vl_W7tlAO8g
Interesting stuff - thanks.
  • #6,595
  • Jul 12, 2018 1:24am Jul 12, 2018 1:24am
Quoting Divergence
I have been busy doing house renovations plus as a TRADER always looking to hone my craft. June was a non profit month may be a few ticks and was trying to figure out why and how i can inprove. I am putting together a little video on locating supply and demand areas better a little out of the box thinking but has proved to be proditable. Lets trades more profit. Video will be up in about 10 minutes downloading it to you tube
Always appreciate hearing how you see the chart H. Thanks for the time invested.
  • #6,596
  • Jul 12, 2018 4:48am Jul 12, 2018 4:48am
Quoting Divergence
I have been busy doing house renovations plus as a TRADER always looking to hone my craft. June was a non profit month may be a few ticks and was trying to figure out why and how i can inprove. I am putting together a little video on locating supply and demand areas better a little out of the box thinking but has proved to be proditable. Lets trades more profit. Video will be up in about 10 minutes downloading it to you tube
Thanks for the insight, Mr D ... appreciate you sharing !!!
Never give up !!!
  • #6,597
  • Jul 12, 2018 8:41am Jul 12, 2018 8:41am
+33

I'll put it down to the lucky charm reappearing

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'in less than half an hour he made over 100 ticks'
  • #6,598
  • Jul 12, 2018 8:55am Jul 12, 2018 8:55am
quick day
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  • #6,599
  • Jul 12, 2018 9:14am Jul 12, 2018 9:14am
the key less trades less commission
  • #6,600
  • Jul 12, 2018 9:31am Jul 12, 2018 9:31am
What did we get around 220ticks of movement in 1hr? . . .
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