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Plan the Trade

  • #8,241
  • Oct 17, 2018 10:24am Oct 17, 2018 10:24am
Todays chart just show S&D levels drawn in as I watched and counted ... 5 loss trades and 18 BE or better trades ... building confidence so my consistency can pick up ...
Attached Image (click to enlarge)
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Never give up !!!
  • #8,242
  • Oct 17, 2018 10:29am Oct 17, 2018 10:29am
Quoting VEEFX
{quote} I am still struggling with the tight SL and TPs. She made a 400 tick move in just one freaking hour! Managed to make some ticks today after being up by 150+ {image}
Regarding tight stop, i am using stop limit orders for entry as price moves back in my direction. I am certainly no where close to Harold's level at using limit orders to figure out the prime entry.
  • #8,243
  • Edited 10:48am Oct 17, 2018 10:32am | Edited 10:48am
Quoting theunis
.. 5 loss trades and 18 BE or better trades ... {image}
What if the 18 BE or better were all +11 ? . .
.
Edit: (Just thinking out loud.)
  • #8,244
  • Oct 17, 2018 10:49am Oct 17, 2018 10:49am
heres the 4 setups i saw i had to edit last chart to include the losing trade i found
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  • #8,245
  • Oct 17, 2018 11:05am Oct 17, 2018 11:05am
Quoting Divergence
heres the 4 setups i saw i had to edit last chart to include the losing trade i found {image}
wondering if max time after s/d occurs is a good filter. usually what i notice is if entry is taken within 10 bars, it's good ,but longer than that might be bad. wondering if you ever looked at this over larger smaple size to see if it's a feasible entry filter.
  • #8,246
  • Oct 17, 2018 11:32am Oct 17, 2018 11:32am
Quoting hilmy83
{quote} wondering if max time after s/d occurs is a good filter. usually what i notice is if entry is taken within 10 bars, it's good ,but longer than that might be bad. wondering if you ever looked at this over larger smaple size to see if it's a feasible entry filter.
Never examined that you can't win every trade just most of them
  • #8,247
  • Oct 17, 2018 12:53pm Oct 17, 2018 12:53pm
Quoting LookinGood
Yesterday was calm but today was wild again. When there is quite a bit 10 point bars i'd just wait it out.
Forget i said this. My scaling was messed up.
  • #8,248
  • Oct 17, 2018 1:10pm Oct 17, 2018 1:10pm
Quoting VEEFX
{quote} I am still struggling with the tight SL and TPs. She made a 400 tick move in just one freaking hour! Managed to make some ticks today after being up by 150+ {image}
As Divergence would say.... "Good Day"
LOL
Attached Image
Staying in my lane...
  • #8,249
  • Edited 1:41pm Oct 17, 2018 1:11pm | Edited 1:41pm
Freaking awesome vee I've seen it move 400 ticks only to reverse 300
  • #8,250
  • Oct 17, 2018 2:55pm Oct 17, 2018 2:55pm
Quoting Divergence
Freaking awesome vee I've seen it move 400 ticks only to reverse 300
Unfortunately it was SIM but still.. the power to hold on to this darling is incredible. She is fit to be my mistress (atleast in demo) LOL

Edit: My trade log starting from 7:17am pacific time
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Attached Image
Staying in my lane...
  • #8,251
  • Oct 17, 2018 3:48pm Oct 17, 2018 3:48pm
Quoting VEEFX
{quote} Unfortunately it was SIM but still.. the power to hold on to this darling is incredible. She is fit to be my mistress (atleast in demo) LOL Edit: My trade log starting from 7:17am pacific time {image} {image} {image}

Just when you get comfortable with her.... PMS kicks in and nothing makes her happy. LOL!

Nice job today.
  • #8,252
  • Edited 4:01pm Oct 17, 2018 3:50pm | Edited 4:01pm
Quoting magnumfreak
{quote} Just when you get comfortable with her.... PMS kicks in and nothing makes her happy. LOL! Nice job today.
indeed. demo means shit .... but let me pause and gloat a little :-)

EDIT: I did use my profits to scale in a little so I could have ended the day flat or with loss

EDIT1: hmm.. Interesting. I tried bracket with no TP orders... so I did not close these positions at all. Could "End of Day" automatically close all my open positions in profit? let's see what happens about market reopens.
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Attached Image
Staying in my lane...
  • #8,253
  • Oct 17, 2018 4:11pm Oct 17, 2018 4:11pm
Quoting VEEFX
{quote} indeed. demo means shit .... but let me pause and gloat a little :-) EDIT: I did use my profits to scale in a little so I could have ended the day flat or with loss EDIT1: hmm.. Interesting. I tried bracket with no TP orders... so I did not close these positions at all. Could "End of Day" automatically close all my open positions in profit? let's see what happens about market reopens. {image} {image}
Is this the way your going to trade when you go live?
  • #8,254
  • Oct 17, 2018 4:56pm Oct 17, 2018 4:56pm
Quoting Divergence
{quote} Is this the way your going to trade when you go live?
I am not sure yet. I am just trying to understand her behaviour to see if bigger RR is possible for my own MM plan.Either big RR or spread across NQ and ES or spread across 2-3 hours in different sessions. But for now, I am focussed on finding my ONE thing that I fully understand.
Staying in my lane...
  • #8,255
  • Oct 18, 2018 2:12am Oct 18, 2018 2:12am
Quoting Divergence
{quote} Is this the way your going to trade when you go live?
Thinking further....(and that is why I was asking for trade stats), instead of BE at 1RR, you might be better off with closing two contracts @ 1RR and extend your SL to 2RR for the remaining two contracts.... to give enough room to grow your BE trade for a 4 or even 10+RR... or trail after at 4+RR with a flatten (timestop) by noon ET. IF I am not mistaken, your best day is 2*2RR trades=~50 ticks before commissions so there is room for growth and daily income imo.
Staying in my lane...
  • #8,256
  • Oct 18, 2018 4:26am Oct 18, 2018 4:26am
Quoting VEEFX
{quote} indeed. demo means shit .... {image} {image}
Isn't demo diagnosis? I mean, if one can't be consistent in demo what chance is there live?

At least if you can nail it in demo and fail live, you learned what it is that you need to develop. Nerve, rather than technical skill.
'in less than half an hour he made over 100 ticks'
  • #8,257
  • Oct 18, 2018 7:59am Oct 18, 2018 7:59am
Quoting VEEFX
{quote} indeed. demo means shit .... but let me pause and gloat a little :-) EDIT: I did use my profits to scale in a little so I could have ended the day flat or with loss EDIT1: hmm.. Interesting. I tried bracket with no TP orders... so I did not close these positions at all. Could "End of Day" automatically close all my open positions in profit? let's see what happens about market reopens. {image} {image}
Awesome !!!
Never give up !!!
  • #8,258
  • Oct 18, 2018 8:22am Oct 18, 2018 8:22am
Quoting VEEFX
{quote} Thinking further....(and that is why I was asking for trade stats), instead of BE at 1RR, you might be better off with closing two contracts @ 1RR and extend your SL to 2RR for the remaining two contracts.... to give enough room to grow your BE trade for a 4 or even 10+RR... or trail after at 4+RR with a flatten (timestop) by noon ET. IF I am not mistaken, your best day is 2*2RR trades=~50 ticks before commissions so there is room for growth and daily income imo.
not looking for big runs VEE looking to SCALP 25 ticks twice thats my game plan make 1000 dollars in 1 hour
  • #8,259
  • Oct 18, 2018 9:34am Oct 18, 2018 9:34am
not a good day for me 1 win 2 losses a few +2s and a +10 grossed +60- 28 for commission net 32
  • #8,260
  • Oct 18, 2018 9:35am Oct 18, 2018 9:35am
i also recorded it
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