Plan the Trade

Inventory is on Thursday this week

It's at 11 so no problem

One -13 and two +1s so far ...

Its hoppin' around today. : )

63.75 ??

Was a good call but I was a bit wary of it ....

should have got this but missed them both:

i traded quite poorly today had 3 losses but ended up with 10 ticks i also recorded it

finally:

unusual for you Harold .. look forward to vid

It did come down a bit fast, bit then again it felt like the whole session was moving quick . . .

Good one ... I hesitated and then missed it ...

Here is one for CG

Ended at -14 ... just missed a few good ones ... the art of the entry still eludes me ... continue in sim mode ...

here is my crappy trading day

The 'Tapped No Fill' could have seen a +10/12(ish). Upon the following retest i hoped it was the leg 3 of a 123, but it broke through.. hey ho, it's only -3 and that is my entire point about these kind of trades - tight stops

i feel my stops would naturally be too wide for this at the moment, i like it tight on FX but looks like they need to be tighter on this...

easy for me to post this pic as its after the fact but here are the trades i would have taken today (or would have liked to think i would have taken)
its a 1m chart, the grey line is entry and the red line is the SL.

1) no entry as high wasn't breached.
2) decent move up, slight retrace: entry at 7513.50, SL 7508.25
3) S turn R, - i dont think i would have taken this at the support line, rather the break of the low of the green candle
4) made a new low and candle closed too close to the wick of the new low to reverse (not always the case)

Wow ... thanks for that one ... you are a picture of consistency, Mr D ... even when you hit a loss, you just take the next good setup, period ... that is one of the things that throws me when on live mode (not so much in sim mode) ... I tend to hesitate after a loss and then miss a good setup and get eager and then take a less than good setup, which of course has a higher tendency to stop out again and then the cycle repeats ... I stop at 3 losses in a row because I can see that the cycle can easily wipe one's account ... I suppose just practice can get that out of one's system ...

With such tight stops it will be easy to start testing your skills in live mode with 1 contract ... the emotions will add a new dimension that also needs to be practiced ... one of these days I will start to get out those three in a row loss cycle of mine in live mode, even just one win after a 2nd loss in a row will change the picture drastically ... one of these days I tell you ...