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Plan the Trade

  • #7,961
  • Oct 9, 2018 9:36am Oct 9, 2018 9:36am
Zipped right past yesterday's high didnt it . . .
  • #7,962
  • Oct 9, 2018 9:39am Oct 9, 2018 9:39am
Quoting Divergence
+10 {image}
You are not paying so much attention to thrust bars any longer?
Never give up !!!
  • #7,963
  • Oct 9, 2018 9:39am Oct 9, 2018 9:39am
not a great day but acceptable 148 ticks
  • #7,964
  • Oct 9, 2018 9:59am Oct 9, 2018 9:59am
PA showed that it was bullish from the open and went north from the daily pivot. i switched to 15 minutes and it's helping. got slaughtered last week trying to scalp on 1 minute.
  • #7,965
  • Oct 9, 2018 10:07am Oct 9, 2018 10:07am
Quoting bluejack
PA showed that it was bullish from the open and went north from the daily pivot. i switched to 15 minutes and it's helping. got slaughtered last week trying to scalp on 1 minute.
How are you watching the 15min chart?
  • #7,966
  • Oct 9, 2018 10:33am Oct 9, 2018 10:33am
Ended at +10 today .... was patient and decided to leave tail trades alone for a while except when it is a very good S&D level ... if in doubt then I rather leave it ... was tempted to try one more trade but decided against it because I could already feel the tension build
Attached Image (click to enlarge)
Click to Enlarge Name: NQZ8 30 Sec #3 2018-10-09 11_28_22.340.png Size: 15 KB
Never give up !!!
  • #7,967
  • Oct 9, 2018 10:34am Oct 9, 2018 10:34am
Quoting bapakjason
{quote} How are you watching the 15min chart?
i check the mt4 chart for fib pivot levels (daily and weekly) with HA candles. On tradingview HA candles can be viewed too..
  • #7,968
  • Oct 9, 2018 10:37am Oct 9, 2018 10:37am
Quoting bluejack
{quote} i check the mt4 chart for fib pivot levels (daily and weekly) with HA candles. On tradingview HA candles can be viewed too..
Thanks. Just curious. I like to see how different people are watching charts.
  • #7,969
  • Oct 9, 2018 10:46am Oct 9, 2018 10:46am
Though not in the same super league as you guys but have tried looking at US Tech100 and others ( spread betting in UK).....interesting use of ichimoku for trading. Have any of you used similar to trade non futures? ( Crosshair indicates point to go long) ( 5 pip Range bars)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-10-09 16.40.53.png Size: 235 KB
every Saint has a past. Every Sinner has a Future
  • #7,970
  • Oct 9, 2018 11:22am Oct 9, 2018 11:22am
Sorry VEEFX but I am not sure why you posted that. Seems like something for ones OWN journal
  • #7,971
  • Oct 9, 2018 11:48am Oct 9, 2018 11:48am
After all that I find trading nq is quite simple when you have a game plan which includes how long will you trade, stop and targets when to move to be +2 when to lock in profit etc. When you have a plan then trade the plan it's mot rocket science
  • #7,972
  • Oct 9, 2018 12:13pm Oct 9, 2018 12:13pm
guys what setup/pattern do u trade with this method i can't seem to find the start of it in the thread
  • #7,973
  • Oct 9, 2018 12:13pm Oct 9, 2018 12:13pm
It's all about taking each day 1 at a time and making at least 500 dollars a day
  • #7,974
  • Oct 9, 2018 12:20pm Oct 9, 2018 12:20pm
It's good to read that not everyone finds this easy. But there is no reason to lose your shirt here, the platform gives you ample opportunity to practice. I'd rather have something like this than sitting waiting for something to happen on the Dax etc.

The one thing anyone can take from this is that it can be done. Vape has kindly demonstrated that. And if I can see it being done, all I know is that practice and patience will prevail.

The longer the day goes on the harder it gets though, gotta try and get it done in that hour. But that doesn't mean being in a rush and taking risky setups.
'in less than half an hour he made over 100 ticks'
  • #7,975
  • Oct 9, 2018 12:20pm Oct 9, 2018 12:20pm
Quoting vladutz112
guys what setup/pattern do u trade with this method i can't seem to find the start of it in the thread
Market structure to determine trend direction then trade pullbacks to supply/ demand areas
  • #7,976
  • Oct 9, 2018 12:23pm Oct 9, 2018 12:23pm
A very simple 3 trades of 11ticks (1 tick to pay commission) will get the job done.
  • #7,977
  • Oct 9, 2018 12:27pm Oct 9, 2018 12:27pm
Quoting bapakjason
A very simple 3 trades of 11ticks (1 tick to pay commission) will get the job done.
30 ticks a day is a very nice goal
  • #7,978
  • Oct 9, 2018 12:30pm Oct 9, 2018 12:30pm
Quoting LookinGood
I just sat through 50 minutes of draw down that missed my stop by less than a pip just for price to spike back in my direction in 10 seconds for a TP. Testing my mettle for my first trade in the week Euro?! I know i know, this has nothing to do with NQ but i just wanted to vent.
You see how nice the NQ moves in the first hour. Market was down 100 the up then down then up just got to love it
  • #7,979
  • Oct 9, 2018 12:33pm Oct 9, 2018 12:33pm
Cutting losses early is not an edge and it's also a little misleading. Cutting losses early is a deviation from the trading plan. Deviations from the plan are 50/50 gambles. If cutting that trade was a part of the plan then its just an exit as planned.
  • #7,980
  • Oct 9, 2018 12:36pm Oct 9, 2018 12:36pm
Quoting Divergence
{quote} You see how nice the NQ moves in the first hour. Market was down 100 the up then down then up just got to love it
Well i took my 2 from the snail for the day and i'm good.

Took a look at NQ over the weekend and i think it would be some time before i even put a practice trade on. NQ moves similar to what i'm used to but the little differences throw me off. I gotta run some stats on this badboy.
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