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Plan the Trade

  • #8,201
  • Oct 15, 2018 10:39am Oct 15, 2018 10:39am
Quoting LookinGood
Yeah Eur/Usd in 2012 - 2013 back when there was volatility. Although at the time, i didn't do 2b's.
Those days are long gone this NQ is a beast even when it's not volitile
  • #8,202
  • Oct 15, 2018 10:47am Oct 15, 2018 10:47am
Quoting Divergence
{quote} +2 when up 7 in these volatile times

  1. You also exit before your TP hits at times.... so
  2. increasing force coming to your entries = cancel
  3. decreasing force coming to your TP = run with your profit
  4. Close the stop at 10:30 am ET regardless of the daily outcome
  5. Tick range between SL and Entry always remains fixed regardless of the scale/range. If candle is too big, take entry at half the candle size but never ever increase the SL size (i.e. increase risk resulting in increased drawdown) to accommodate a forced entry in the setup that is too big in range. Correct? I have seen your SL placed right on the wick at times.
  6. Take every signal regardless of how many consecutive stops are taken out.... there is no max daily loss control in place. Correct?
  7. Apart from that, 123 PB and 2B setups are pretty straightforward
  8. Ignore all the other stats. They are all irrelevant. Making some $$$ as daily income everyday in the first hour is the primary objective of this strategy!

Staying in my lane...
  • #8,203
  • Oct 15, 2018 10:52am Oct 15, 2018 10:52am
That looks right vee fx as I said in these volatle times taking half the bar still leaves stop within the candle so I would see where low is and move entry up 12 ticks visa versa for shorts 1 more thing when up 7 stop to +2 when up 17 lock in 10 if price gets close to target and pulls back grab
  • #8,204
  • Edited 2:07pm Oct 15, 2018 11:27am | Edited 2:07pm
Quoting Divergence
That looks right vee fx as I said in these volatle times taking half the bar still leaves stop within the candle so I would see where low is and move entry up 12 ticks visa versa for shorts 1 more thing when up 7 stop to +2 when up 17 lock in 10 if price gets close to target and pulls back grab
In my journey, I have hated charts so much that I got rid of all image editing software. Someone can do a better job than me via snipping tool :-

EDIT: I deleted my "art work" to avoid confusion. Post 8026 should suffice
Staying in my lane...
  • #8,205
  • Oct 15, 2018 11:50am Oct 15, 2018 11:50am
Quoting VEEFX
{quote} In my journey, I have hated charts so much that I got rid of all image editing software. Someone can do a better job than me via snipping tool :- {image}
drawing isnt your strong suit lol
  • #8,206
  • Oct 15, 2018 1:24pm Oct 15, 2018 1:24pm
heres 2 pictures showing 123 and 2b setup
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 143 KB
Click to Enlarge Name: 2.png Size: 156 KB
  • #8,207
  • Oct 15, 2018 6:27pm Oct 15, 2018 6:27pm
Thanks for the setup screenshots. I have also noticed you taking entries on the tip of wick at times. Tips are my favorite entries so are there any specific conditions you look for?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 207 KB
Staying in my lane...
  • #8,208
  • Oct 15, 2018 7:22pm Oct 15, 2018 7:22pm
Quoting VEEFX
Thanks for the setup screenshots. I have also noticed you taking entries on the tip of wick at times. Tips are my favorite entries so are there any specific conditions you look for? {image}
ive kinda shyed away from them but obvious big pin bar reversals
  • #8,209
  • Oct 15, 2018 8:19pm Oct 15, 2018 8:19pm
Quoting Divergence
{quote} ive kinda shyed away from them but obvious big pin bar reversals
I finished listening to all videos in your channel. Thinking about my own money mgmt plan towards daily income, this is what I came up with. I estimated about average of 4 round trip trades per day trading 4 contracts. An average of net 23 ticks is most certainly doable 4 days a week for 52 weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
Staying in my lane...
  • #8,210
  • Oct 16, 2018 6:39am Oct 16, 2018 6:39am
Lots of big candles no direction yet
  • #8,211
  • Oct 16, 2018 6:50am Oct 16, 2018 6:50am
I have noting yet. Patience...
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,212
  • Oct 16, 2018 6:52am Oct 16, 2018 6:52am
Same here ...
Never give up !!!
  • #8,213
  • Oct 16, 2018 6:55am Oct 16, 2018 6:55am
Harold, did you take a long at 56.25?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,214
  • Oct 16, 2018 6:59am Oct 16, 2018 6:59am
I took a hit ... a short off 6600 from the nice thrust bar ... just missed my BE target with a tick then took my SL out ... close !
Never give up !!!
  • #8,215
  • Oct 16, 2018 7:03am Oct 16, 2018 7:03am
Quoting theunis
I took a hit ... a short off 6600 from the nice thrust bar ... just missed my BE target with a tick then took my SL out ... close !
I passed on that based on all the demand at 55.00 since 9:30 and the fact that there was no clear pullback there. It was sideways for 3 minutes.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,216
  • Oct 16, 2018 7:04am Oct 16, 2018 7:04am
Wow ... just missed the 8850 long ... it touched my order but did not engage ...
Never give up !!!
  • #8,217
  • Oct 16, 2018 7:16am Oct 16, 2018 7:16am
Second hit off a short from 8250 ... underestimated the demand again
Never give up !!!
  • #8,218
  • Oct 16, 2018 7:25am Oct 16, 2018 7:25am
quite funky today ragged trend in the beginning the only place i saw demand was 5625 almost took pullback at 1012 missed by 1 and i canceled
Attached Image (click to enlarge)
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  • #8,219
  • Oct 16, 2018 7:26am Oct 16, 2018 7:26am
Quoting capstone
Harold, did you take a long at 56.25?
just saw your post you are reading my mind lol
  • #8,220
  • Oct 16, 2018 7:31am Oct 16, 2018 7:31am
154 long has held 3 times since the open 5min range
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