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Plan the Trade

  • #6,901
  • Jul 30, 2018 9:48am Jul 30, 2018 9:48am
Quoting Divergence
{quote} Ras on second trade you were looking to short look left it was a pullback to supply you would have already made 25 don't know why the first long after that was a +1 I got 25
thanks Harold .. i revised too soon for the +1 you're right should have been +25
Become the casino
  • #6,902
  • Jul 30, 2018 9:49am Jul 30, 2018 9:49am
Ended at +13 ... getting a feel for the S/D levels ... the last trade should have been a 25 but I messed with it ... got jittery because it was the 7th trade and I should have stopped at 5 :-)
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Never give up !!!
  • #6,903
  • Jul 30, 2018 10:08am Jul 30, 2018 10:08am
Quoting Ozz
{quote} but why 2650 and not 2675 as per the candle? Is the level different on your chart?
That was the level on top of candle body
  • #6,904
  • Jul 30, 2018 10:16am Jul 30, 2018 10:16am
Round about 428 tick range for session so far . . . NQ is an opportunity giver
  • #6,905
  • Edited 12:12pm Jul 30, 2018 11:15am | Edited 12:12pm
+13 on way down, lost it - 6 ended with + 16.
+ 8 Dax, in the black but lunch money...

Edit now +22 NQ, damn that discipline...
'in less than half an hour he made over 100 ticks'
  • #6,906
  • Jul 30, 2018 12:31pm Jul 30, 2018 12:31pm
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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,907
  • Jul 30, 2018 12:40pm Jul 30, 2018 12:40pm
Quoting angus
{quote} 10 pips a day on a 50 lot trade size gives you over a million a year! Your problem seems to be tick value, which causes you to worry about risk too much, and probability not enough and that's where sim trading won't help, no anxiety, no disruption in thought processes and most importantly no pain when things go to hell. The way I've always looked at it is: If you can't make $1.00 a day consistently, how can you expect to ever make $10.00, $100.00 or a $1000.00 a day! The most important aspect of longevity in trading is capital preservation....

Exactly right, but as i tried to explain, it is a different way of trading to using tiny lots on FX, especially with Spreadbets. I've been trying for quite some time to run small positions on the NQ using SB's, but it is next to useless. Being in a trade for 20 minutes only to be stopped out for BE and it is impossible to run the stoploss up to chase a profit, because it hasn't got anywhere near a multiple of your risk as yet...

You then also have to factor in the 'boredom trades'. It is very difficult to sit through hours of screen watching waiting for your perfect set-up, whereas with the NQ Futures, they come along every few minutes... which is why i wrote;

'add your spread costs and it is only really possible to trade such, on longer timescales... that is a different way of trading because you need targets and the patience to sit through pullbacks until your target is reached.'

Probably, i didn't explain myself very well, but what i was trying to say is that trading Futures with Sierra is the difference between success and failure for me, but the crux of the issue is indeed the extra risk size.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #6,908
  • Jul 30, 2018 12:52pm Jul 30, 2018 12:52pm
CG the main reason I trade the first hour is the combination on volume and volatility that it yields
  • #6,909
  • Jul 31, 2018 3:50am Jul 31, 2018 3:50am
+ 20 Dax

Really annoying though because I missed the first part of the first drop. I was so close, shall I, shan't I? Then Poof! The second drop, I couldn't quite work out what was going to happen. The real crime was me not noticing my TP was set to 20 for that move up. Anyway...

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'in less than half an hour he made over 100 ticks'
  • #6,910
  • Jul 31, 2018 8:38am Jul 31, 2018 8:38am
Hmmm . . . My SierraChart is failing to connect to data feed. First time that has ever happened. Any ideas?
  • #6,911
  • Jul 31, 2018 8:43am Jul 31, 2018 8:43am
I use my phone as backup internet feed, our internet drops often here.
Never give up !!!
  • #6,912
  • Jul 31, 2018 8:52am Jul 31, 2018 8:52am
Quoting bapakjason
Hmmm . . . My SierraChart is failing to connect to data feed. First time that has ever happened. Any ideas?
Same here. I e-mailed CQG as on the SC site it said there was some kind of issue with their feed.

https://www.sierrachart.com/SupportB...ThreadID=35970
'in less than half an hour he made over 100 ticks'
  • #6,913
  • Jul 31, 2018 8:52am Jul 31, 2018 8:52am
Apparently they are working to resolve the issue
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  • #6,914
  • Jul 31, 2018 8:54am Jul 31, 2018 8:54am
Strange ... no problems here.
Never give up !!!
  • #6,915
  • Jul 31, 2018 9:02am Jul 31, 2018 9:02am
Looks like 7220 was good (watching mt5 feed)
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  • #6,916
  • Jul 31, 2018 9:04am Jul 31, 2018 9:04am
Ok, data connection fixed now with Sierra feed
  • #6,917
  • Jul 31, 2018 9:09am Jul 31, 2018 9:09am
Slow moving market today caught 1 so fat
  • #6,918
  • Jul 31, 2018 9:16am Jul 31, 2018 9:16am
Will short 41 if it gets there
  • #6,919
  • Jul 31, 2018 9:18am Jul 31, 2018 9:18am
It looks like it wants to fill the gap at 950
  • #6,920
  • Jul 31, 2018 9:20am Jul 31, 2018 9:20am
Supply at 16
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