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Plan the Trade

  • #8,101
  • Oct 12, 2018 9:31am Oct 12, 2018 9:31am
Quoting bapakjason
Long from 120.50 was good
Good again
  • #8,102
  • Oct 12, 2018 9:42am Oct 12, 2018 9:42am
Quoting LookinGood
{quote} This type of thing is a function of what kind of variance you expect your system to provide. Big variance = Smaller contract count and/or Larger account balances Small variance = Smaller contract count and/or Smaller account balances. How many trades do you need to see go wrong before you need to stop and re-evaluate your plan? You're balance should reflect this and margin requirements.
Agreed.
  • #8,103
  • Oct 12, 2018 9:48am Oct 12, 2018 9:48am
Just good sized swings through the previous day high this session
  • #8,104
  • Oct 12, 2018 10:10am Oct 12, 2018 10:10am
Ended at -39 ... was patient and disciplined and then got careless with 2 trades and it cost me the session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQZ8 30 Sec #3 2018-10-12 11_05_24.352.png Size: 13 KB
Click to Enlarge Name: NQZ8 30 Sec #3 2018-10-12 11_05_40.851.png Size: 17 KB
Never give up !!!
  • #8,105
  • Oct 12, 2018 10:41am Oct 12, 2018 10:41am
Quoting theunis
Ended at -39 ... was patient and disciplined and then got careless with 2 trades and it cost me the session {image} {image}
Ending Negative for me as well (in demo/simulation)
Attached Image (click to enlarge)
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Staying in my lane...
  • #8,106
  • Edited 11:24am Oct 12, 2018 11:10am | Edited 11:24am
just got home from my procedure there were 3 beautiful setups in 15 minute time span since candles still to big to cut in half find high and drop down 12 ticks for entry
Attached Image (click to enlarge)
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  • #8,107
  • Oct 12, 2018 11:20am Oct 12, 2018 11:20am
market moving nicely
Attached Image (click to enlarge)
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  • #8,108
  • Oct 12, 2018 11:27am Oct 12, 2018 11:27am
just took a 123 break pullback up 18 bagged 10
Attached Image (click to enlarge)
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  • #8,109
  • Oct 12, 2018 11:29am Oct 12, 2018 11:29am
ok i had enough 140 ticks in 8 minutes not to shabby
  • #8,110
  • Oct 12, 2018 1:16pm Oct 12, 2018 1:16pm
Quoting Divergence
ok i had enough 140 ticks in 8 minutes not to shabby
With all due respect, Mr D .... the ease with which you make ticks makes me want to cry in my hands .... eish.
Yes, I know .... I know ... it is experience ... you just make it look so easy.
Never give up !!!
  • #8,111
  • Oct 12, 2018 1:27pm Oct 12, 2018 1:27pm
Just trading pullbacks unis and adjusting entry since candles are to big even if you cut them in half. So for long setups I take bottom and make entry 12 ticks higher visa versa for longs
  • #8,112
  • Oct 12, 2018 1:31pm Oct 12, 2018 1:31pm
Quoting Divergence
ok i had enough 140 ticks in 8 minutes not to shabby
Very nice work as usual and appreciate you sharing.
  • #8,113
  • Oct 12, 2018 1:35pm Oct 12, 2018 1:35pm
Wasn't planning on trading today had a medical procedure but came home market structure looked spot on for pullbacks thought I'd try one got a win thought I'd try 1 more
  • #8,114
  • Oct 12, 2018 1:41pm Oct 12, 2018 1:41pm
Quoting Divergence
ok i had enough 140 ticks in 8 minutes not to shabby
That's incredible man!!!

May I study by plotting your trades on my chart if you could provide your trade activity log in the format I shared today? Is that net 140 ticks or per contract. By net, I mean 35 ticks (i.e. 140/4contracts)
Staying in my lane...
  • #8,115
  • Oct 12, 2018 1:44pm Oct 12, 2018 1:44pm
Interesting to see how 'well" the support get taken off. Second box is NYSE and 3rd is CME lunch hour. Blue line is yesterday's NYSE Open
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Staying in my lane...
  • #8,116
  • Oct 12, 2018 1:49pm Oct 12, 2018 1:49pm
Quoting VEEFX
{quote} That's incredible man!!! May I study by plotting your trades on my chart if you could provide your trade activity log in the format I shared today? Is that net 140 ticks or per contract. By net, I mean 35 ticks (i.e. 140/4contracts)
Yes it's 35 ticks times 4 contracts=140 -8 ticks for commission nets 132 or 660 dollars
  • #8,117
  • Oct 12, 2018 1:53pm Oct 12, 2018 1:53pm
Quoting Divergence
Wasn't planning on trading today had a medical procedure but came home market structure looked spot on for pullbacks thought I'd try one got a win thought I'd try 1 more
Get over the procedure quick. Have a restful weekend
  • #8,118
  • Oct 12, 2018 1:55pm Oct 12, 2018 1:55pm
Quoting bapakjason
{quote} Get over the procedure quick. Have a restful weekend
Thanks Jason at home resting
  • #8,119
  • Oct 12, 2018 2:00pm Oct 12, 2018 2:00pm
Quoting Divergence
{quote} Yes it's 35 ticks times 4 contracts=140 -8 ticks for commission nets 132 or 660 dollars
I am sure you have the magic eye i.e. experience by seeing these setups every day for so long and grab these micro-pullbacks. As i just shared in the image, every micro pullback at support was taken out :-(

Do you completely ignore all data prior to 9:30am ET to assess trends. By this I mean, your HH/HL/LH/LL and 123 setup always start after 9:30am and always assessing the micro-trend and the associated pullback.

Hope you recover soon from your medical procedure.
Staying in my lane...
  • #8,120
  • Oct 12, 2018 2:07pm Oct 12, 2018 2:07pm
Everything starts for me at 935 i let the first 5 minutes go to let the market shake out and then start looking for pullbacks nothing fancy grab 25 here 10 to 25 there and shut it down and already recovered colonoscopy screening yuch
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