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Plan the Trade

  • #8,681
  • Edited 3:54pm Nov 2, 2018 2:26pm | Edited 3:54pm
Had a few people pm on how I find my setups I did a video last month so here's a refresher it includes normal times and volatile times like we are in now.
Inserted Video
  • #8,682
  • Edited 11:53am Nov 3, 2018 11:39am | Edited 11:53am
Quoting Divergence
Had a few people pm on how I find my setups I did a video last month so here's a refresher it includes normal times and volatile times like we are in now. https://youtu.be/CgWQzVd_1P0
Looks like we both have similar looking dogs LOL

Mine is a 4 yr old shih-tzu we picked him up for free from a family during by our trip to San Diego. They had 6 "accidental babies" about two months before they were leaving the USA. As I always say...Timing is everything. We just picked him up as he was the first to run over to us with his tail wagging :-) Best decision ever! He has been by my side ever since (and this was huge for me as I had hated dogs all my life ever since I was 5 yrs old and bitten by a stray dog...still remember the rabies shots I had to endure)
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Staying in my lane...
  • #8,683
  • Nov 3, 2018 11:51am Nov 3, 2018 11:51am
Quoting Divergence
Had a few people pm on how I find my setups I did a video last month so here's a refresher it includes normal times and volatile times like we are in now. https://youtu.be/CgWQzVd_1P0
if you had a stop loss in the gap, would you have slippage towards the next tick or the stop would just sit there waiting for price to return?
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Staying in my lane...
  • #8,684
  • Nov 3, 2018 12:35pm Nov 3, 2018 12:35pm
Quoting Divergence
Had a few people pm on how I find my setups I did a video last month so here's a refresher it includes normal times and volatile times like we are in now. https://youtu.be/CgWQzVd_1P0
Great video. Trading like this requires more skill than you give yourself credit for. The ability to see the setups and react to them in real time is where the real magic happens. It's not something that will happen overnight but is certainly doable for anyone willing to put in the work to make it happen.
  • #8,685
  • Nov 3, 2018 12:36pm Nov 3, 2018 12:36pm
Quoting VEEFX
{quote} if you had a stop loss in the gap, would you have slippage towards the next tick or the stop would just sit there waiting for price to return? {image}
Stop market order = next tick
Stop limit order = not filled until it comes back up.

In volatile times like now, I wouldn't use a stop limit. Just my opinion.
  • #8,686
  • Nov 3, 2018 12:57pm Nov 3, 2018 12:57pm
Quoting magnumfreak
{quote} Stop market order = next tick Stop limit order = not filled until it comes back up. In volatile times like now, I wouldn't use a stop limit. Just my opinion.
Agree. This is what I have (I believe it is a Stop and not a Stop Limit order but Sierra does not give me the option to choose??)

Correction: There are all kinds of Stop (loss) order types in Sierra.
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Staying in my lane...
  • #8,687
  • Nov 3, 2018 1:07pm Nov 3, 2018 1:07pm
That's a simple bracket I enter with limit and the exits are stop orders
  • #8,688
  • Nov 3, 2018 2:09pm Nov 3, 2018 2:09pm
Quoting Divergence
That's a simple bracket I enter with limit and the exits are stop orders
what you see in my screenshot as bracket is correct then. I am also entering with buy limit or sell limit and let the brackets take care of trade mgmt. If there is no discretion in trade mgmt then it should work:-
Staying in my lane...
  • #8,689
  • Nov 3, 2018 2:22pm Nov 3, 2018 2:22pm
Has anyone tried getting in with stop orders using 6 contracts live? Just curious if you can usually do it without much slippage . . . .
  • #8,690
  • Nov 3, 2018 2:31pm Nov 3, 2018 2:31pm
Quoting VEEFX
{quote} what you see in my screenshot as bracket is correct then. I am also entering with buy limit or sell limit and let the brackets take care of trade mgmt. If there is no discretion in trade mgmt then it should work:-
Mine is set the same except when up 6 stop moves to +2
  • #8,691
  • Nov 3, 2018 2:56pm Nov 3, 2018 2:56pm
Quoting Divergence
{quote} Mine is set the same except when up 6 stop moves to +2
Thanks... I will run market replay again with 6 contracts :-)
Staying in my lane...
  • #8,692
  • Nov 5, 2018 8:34am Nov 5, 2018 8:34am
Came across an article about having a goal of 1-3 winning trades and stopping for the day:
https://www.netpicks.com/know-stop-trading-2/
  • #8,693
  • Nov 5, 2018 8:46am Nov 5, 2018 8:46am
she respects 00 line pretty well ? missed by a few ticks :-(
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  • #8,694
  • Nov 5, 2018 8:46am Nov 5, 2018 8:46am
Man a run away train recording session
  • #8,695
  • Nov 5, 2018 8:54am Nov 5, 2018 8:54am
So far nothing
  • #8,696
  • Nov 5, 2018 8:58am Nov 5, 2018 8:58am
Quoting Divergence
So far nothing
nothing in ES either.... trying her out and she's got her own mind bouncing up and down going nowhere :-

Got it done:-)

Horrido Lol
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Staying in my lane...
  • #8,697
  • Nov 5, 2018 9:12am Nov 5, 2018 9:12am
I am out and green for today. I have been in SIM on Sierra for 8 months. Very consistent and green. Adding 100's of replay hours. Ready for live now. ; )
  • #8,698
  • Nov 5, 2018 9:16am Nov 5, 2018 9:16am
Quoting bapakjason
I am out and green for today. I have been in SIM on Sierra for 8 months. Very consistent and green. Adding 100's of replay hours. Ready for live now. ; )
Way to go Jason kick some butt
  • #8,699
  • Nov 5, 2018 9:18am Nov 5, 2018 9:18am
Quoting bapakjason
I am out and green for today. I have been in SIM on Sierra for 8 months. Very consistent and green. Adding 100's of replay hours. Ready for live now. ; )
Congrats Jason. That is awesome. When will you go live? remember we have midterms tomorrow. Maybe Thursday is the day. Gives the markets a day to digest the results. I'll take tomorrow very cautiously myself.

Which trades did you take today. They may not be Harold trades and that's alright. Just curious to see your chart. Congrats again!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,700
  • Nov 5, 2018 9:21am Nov 5, 2018 9:21am
Quoting bapakjason
I am out and green for today. I have been in SIM on Sierra for 8 months. Very consistent and green. Adding 100's of replay hours. Ready for live now. ; )
wow! 8 months in SIM. Congrats bro. That's dedication. I foolishly went live on day one of trying out futures without even knowing what to click where in Sierra. Lack of patience is my nemesis :-(
Staying in my lane...
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