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Plan the Trade

  • #8,341
  • Oct 22, 2018 9:43am Oct 22, 2018 9:43am
Quoting VEEFX
{quote} me 2 :-( ended with +21T
We are both morons just stick to plan is the way to do this
  • #8,342
  • Oct 22, 2018 9:46am Oct 22, 2018 9:46am
well had 2 +2s so got net 2 one +25 and a -12 so net 13 i am a bonehead
  • #8,343
  • Oct 22, 2018 9:46am Oct 22, 2018 9:46am
+26 - Thank you and goodnight.

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'in less than half an hour he made over 100 ticks'
  • #8,344
  • Oct 22, 2018 9:47am Oct 22, 2018 9:47am
Quoting Divergence
{quote} We are both morons just stick to plan is the way to do this
Its just hard to bite the bullet to run with 25 or 50T when moves of 200+Ticks are happening every day during the first hour. I guess, just run is better than try to get more and lose some :-
Staying in my lane...
  • #8,345
  • Oct 22, 2018 9:51am Oct 22, 2018 9:51am
Look at the climb
  • #8,346
  • Oct 22, 2018 9:54am Oct 22, 2018 9:54am
Quoting VEEFX
{quote} Its just hard to bite the bullet to run with 25 or 50T when moves of 200+Ticks are happening every day during the first hour. I guess, just run is better than try to get more and lose some :-
its all about consistent daily income
  • #8,347
  • Oct 22, 2018 10:01am Oct 22, 2018 10:01am
Quoting VEEFX
{quote} Its just hard to bite the bullet to run with 25 or 50T when moves of 200+Ticks are happening every day during the first hour. I guess, just run is better than try to get more and lose some :-
I really enjoy playing cash games of No Limit Hold 'Em. That game is beat by taking the small pots that nobody seems interested in. Taking all of those small pots over the night, without the heat of losing your stack, is a great way to grind out profit at a poker table. It is a tried and true method for profit.

I think this is exactly the same. Grind it out. Another analogy...baseball games are won with singles and doubles, not homeruns.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,348
  • Oct 22, 2018 10:03am Oct 22, 2018 10:03am
Quoting VEEFX
{quote} Its just hard to bite the bullet to run with 25 or 50T when moves of 200+Ticks are happening every day during the first hour. I guess, just run is better than try to get more and lose some :-
My mindset is if my daily goal is a simple small % of the session range, the more certain i am to reach that goal consistently. If the range is 400 ticks, all the more simple to grab 33ticks . . .

Edit: even as i look at the range of a 2min candle, grabbing 11 ticks should be really high probability . . . .
  • #8,349
  • Oct 22, 2018 10:36am Oct 22, 2018 10:36am
Quoting bapakjason
{quote} My mindset is if my daily goal is a simple small % of the session range, the more certain i am to reach that goal consistently. If the range is 400 ticks, all the more simple to grab 33ticks . . . Edit: even as i look at the range of a 2min candle, grabbing 11 ticks should be really high probability . . . .
I hear you... challenge lies with grabbing small ticks with even smaller SLs. With not SL, 4x10T TP trades within 60 minutes is easily doable. Look at every breakout of new HH or LL... most of them are atleast 10+ Ticks.
Staying in my lane...
  • #8,350
  • Oct 22, 2018 11:00am Oct 22, 2018 11:00am
Quoting VEEFX
{quote} My complete trading plan on a napkin:
So you are taking Buy stops and Sell stops at the breakout of the first 5 minute range. Is that correct? Do you require a retest of the breakout level? Is that why you listed it as a limit order?
Not being critical, just clarifying to try to understand what you are trading.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,351
  • Oct 22, 2018 11:27am Oct 22, 2018 11:27am
Quoting bapakjason
{quote} My mindset is if my daily goal is a simple small % of the session range, the more certain i am to reach that goal consistently. If the range is 400 ticks, all the more simple to grab 33ticks . . . Edit: even as i look at the range of a 2min candle, grabbing 11 ticks should be really high probability . . . .
Back to probability for a moment. Nothing to do with entry/exit, but this little screen shot is 2min chart with an average true range set at 1 (so we get each bar). The white horizontal line in the indi is at 2.75points (11ticks). When i see this visually, i see high probability because i just need a small % of the movement . . . (Ok, my 2cents for today. Lol) Have a great day guys.
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  • #8,352
  • Edited 11:52am Oct 22, 2018 11:37am | Edited 11:52am
Quoting capstone
{quote} So you are taking Buy stops and Sell stops at the breakout of the first 5 minute range. Is that correct? Do you require a retest of the breakout level? Is that why you listed it as a limit order? Not being critical, just clarifying to try to understand what you are trading.
I use the right-mouse click and then select "Buy Stop-Limit" and "Sell Stop-Limit" expecting price to breakout. No retest... pure breakout and win or taken out. I could not go back in september to do market replay as the symbol changed. Need to do more testing of date ranges so all this is just preliminary. The key to both breakouts and pullbacks/retest is accurately gauging the momentum/force... which is what Harold also does to enter/exit the trade. That is the key which requires experience. I just have more experience with breakouts than pullback/retests. That's all.
Staying in my lane...
  • #8,353
  • Oct 22, 2018 12:13pm Oct 22, 2018 12:13pm
Quoting Divergence
well had 2 +2s so got net 2 one +25 and a -12 so net 13 i am a bonehead
Its still profit for you H. Day in and day out consistent
  • #8,354
  • Oct 22, 2018 1:31pm Oct 22, 2018 1:31pm
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  • #8,355
  • Oct 22, 2018 2:03pm Oct 22, 2018 2:03pm
Quoting thomi
{image}
loose
  • #8,356
  • Oct 22, 2018 3:01pm Oct 22, 2018 3:01pm
She is a beast at NYSE Close also. The volatility is just too much to predict a small SL either at open or close. I am not sure how I feel about hit & run. It's like relying on luck for our daily income :-(

I tried (in demo) with 10Tick TP and that also did not work. I go long, it will go short, I go short, it will go long. I am like WTF dude. Just give me 10 ticks lol
Staying in my lane...
  • #8,357
  • Oct 22, 2018 3:03pm Oct 22, 2018 3:03pm
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  • #8,358
  • Oct 22, 2018 3:14pm Oct 22, 2018 3:14pm
Quoting thomi
{image}{image}{image}{image}
Not sure I understand how you trade. Did you really lose 21points after 13 points in profit?
Staying in my lane...
  • #8,359
  • Oct 22, 2018 3:24pm Oct 22, 2018 3:24pm
Ended at +23 today ... got one +19 and a couple of +1s and missed a few ... Nik's candles helps to identify good S&D levels and if I just stick to those then I know the market will most likely stall there and give a few ticks ... now to just be consistent with it day in and day out ... only change is in my settings, I do not take profit at +25 but my SL jumps to +20 and I leave the 5 ticks in case the market really gets momentum and I can catch a larger move ... so I get my steady income but "pay" a 5 tick fee for a possible bonus .. if it does go then I will trail my SL or take profit at a next strong S&D level ... in my tests I get a bonus every few days so it looks like it is worth it, will see.
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Never give up !!!
  • #8,360
  • Oct 22, 2018 3:25pm Oct 22, 2018 3:25pm
Every time I break rules I have to take days profits or loses and take wife out to top notch restaurant there goes 250 dollars
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