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Plan the Trade

  • #8,741
  • Nov 6, 2018 12:22pm Nov 6, 2018 12:22pm
Old school pen and paper lol
  • #8,742
  • Nov 6, 2018 12:32pm Nov 6, 2018 12:32pm
Quoting VEEFX
{quote} Thanks. I put $6 to cover for slippage, partial fills etc in my testing to make the strategy more robust. If you remember, my first day of trading was seriously burnt into flames by not factoring trading costs... kinda sore point that I am still dwelling over :-( Edit: plus not reading the fine print on their promotion of $300 day margin which came with a $6 RT commission ! Stupid is Stupid does I guess
I was saved from the day margin promotion by just accidentally coming across someone complaining in a forum. They really should mention the increase when you are actually checking the box.
  • #8,743
  • Nov 6, 2018 12:36pm Nov 6, 2018 12:36pm
What promotion?
  • #8,744
  • Nov 6, 2018 12:40pm Nov 6, 2018 12:40pm
Quoting bapakjason
{quote} I was saved from the day margin promotion by just accidentally coming across someone complaining in a forum. They really should mention the increase when you are actually checking the box.
This tactic is borderline "spotFX broker scam territory" imo... although I love leverage they are silently advocating over-trading and making more by doubling up in commissions. Just overall, I am not liking this Daily End of Day statement reconciliation stupidity with Futures. WISIWIG must be the case with professional trading platform.

Plus the per contract commission+fee structure. too many middlemen trying to squeeze in the name of transparency... sorry, just venting today :-(
Staying in my lane...
  • #8,745
  • Nov 6, 2018 12:41pm Nov 6, 2018 12:41pm
Quoting Divergence
What promotion?
From Amp during account opening
Staying in my lane...
  • #8,746
  • Nov 6, 2018 1:00pm Nov 6, 2018 1:00pm
Quoting VEEFX
{quote} From Amp during account opening
Infinity futures is the way to go no salesmanship techniques
  • #8,747
  • Nov 6, 2018 1:13pm Nov 6, 2018 1:13pm
Quoting VEEFX
{quote} 2B is just a trend reversal i.e. with the expectation that it is a fakeout / stop hunt and price will come back and reverse.
Could you draw on your screenshot the points from the ideal setup below. I'm still struggling to see it :/
Attached Image
So many in the Commercial section want to make me rich! :o
  • #8,748
  • Nov 6, 2018 1:25pm Nov 6, 2018 1:25pm
Quoting FX-Flux
{quote} Could you draw on your screenshot the points from the ideal setup below. I'm still struggling to see it :/ {image}
That's TRADER vics 2b setup up mine is when price takes out where you marked b without any pullback and my entry is pullback to top candle
  • #8,749
  • Nov 6, 2018 1:28pm Nov 6, 2018 1:28pm
Quoting FX-Flux
{quote} Could you draw on your screenshot the points from the ideal setup below. I'm still struggling to see it :/ {image}
Here

Edit: your entry is then 12t from the top (2)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #8,750
  • Nov 6, 2018 1:35pm Nov 6, 2018 1:35pm
Quoting Divergence
{quote} That's TRADER vics 2b setup up mine is when price takes out where you marked b without any pullback and my entry is pullback to top candle
2B
https://www.forexfactory.com/attachm...1&d=1539635055
Staying in my lane...
  • #8,751
  • Nov 6, 2018 1:38pm Nov 6, 2018 1:38pm
The way I view a 2b is it's a broken 123 pattern. So when price takes out point 2 without a pullback I call it a 2b pattern for lack of a better term. What's really happening is this HH HL HH LL
  • #8,752
  • Nov 6, 2018 1:38pm Nov 6, 2018 1:38pm
Quoting VEEFX
{quote} 2B https://www.forexfactory.com/attachm...1&d=1539635055
Thanks VEE good visual
  • #8,753
  • Nov 6, 2018 1:44pm Nov 6, 2018 1:44pm
Attachment gAttachment g
Quoting Divergence
{quote} That's TRADER vics 2b setup up mine is when price takes out where you marked b without any pullback
Ok so because it took out the low of the failed long in the shot below you decided to try sell at the wick of the high
Attached Image (click to enlarge)
Click to Enlarge Name: 5216ECDC-2C37-479C-AEC1-40488357B9DC.jpeg Size: 262 KB
So many in the Commercial section want to make me rich! :o
  • #8,754
  • Nov 6, 2018 1:44pm Nov 6, 2018 1:44pm
Quoting Divergence
The way I view a 2b is it's a broken 123 pattern. So when price takes out point 2 without a pullback I call it a 2b pattern for lack of a better term. What's really happening is this HH HL HH LL
I think I understand your entry method. Can you explain how you exit a trade, please? I may just be missing the info, there is over 200 pages in this thread.

Thanks for your time.
  • #8,755
  • Nov 6, 2018 1:47pm Nov 6, 2018 1:47pm
Quoting VEEFX
{quote} 2B https://www.forexfactory.com/attachm...1&d=1539635055
But Div just said no pullback
So many in the Commercial section want to make me rich! :o
  • #8,756
  • Nov 6, 2018 1:49pm Nov 6, 2018 1:49pm
Quoting FX-Flux
{quote} But Div just said no pullback
When you have a 2b and point 2 is broken you take pullback to top candle that chart showed a HH HL HH LL
  • #8,757
  • Nov 6, 2018 1:51pm Nov 6, 2018 1:51pm
Quoting FX-Flux
{quote} But Div just said no pullback

He is ALWAYS waiting for a pullback... always. He is not a follower or chaser of price. He likes price to come to him.... and slowly. if it comes at a rapid pace, he has no shame/ego in not being a macho man and take the entry i.e confront the price. (sorry Harold... there is no other way to describe what I see in your video)
Staying in my lane...
  • #8,758
  • Nov 6, 2018 1:53pm Nov 6, 2018 1:53pm
Quoting Divergence
{quote} When you have a 2b and point 2 is broken you take pullback to top candle that chart showed a HH HL HH LL
Frankly, this HHLLLLHHLLHHLLHHLHLHLHLHLHLHLH is damn confusing... just focus on the thrust bar in the direction of the "trend" and trend could be 123 or 2B or a simple MA crossover or a trendline or whatever.... the key is GAUGING the support/demand coupled with momentum/speed against your entry/exit.
Staying in my lane...
  • #8,759
  • Nov 6, 2018 2:01pm Nov 6, 2018 2:01pm
Quoting VEEFX
{quote} He is ALWAYS waiting for a pullback... always. He is not a follower or chaser of price. He likes price to come to him.... and slowly. if it comes at a rapid pace, he has no shame/ego in not being a macho man and take the entry i.e confront the price. (sorry Harold... there is no other way to describe what I see in your video)
You described it perfectly the HH HL HH OR LL LH LL is just seeing the swings that form the 123 or 2b pattern with out them you have flatlined the chart lol
  • #8,760
  • Nov 6, 2018 2:21pm Nov 6, 2018 2:21pm
Quoting Divergence
{quote} You described it perfectly the HH HL HH OR LL LH LL is just seeing the swings that form the 123 or 2b pattern with out them you have flatlined the chart lol
And while we are discussing your style, I think you do a lot of unnecessary tick distance mental count. You have your bracket order set in the trade panel. Just put the limit order anywhere on the chart and then just move over the candle to see if the tip of wick or candle size is in-between your entry and stop. Simple and Elegant :-

Look at me now sharing features of Sierra to a pro LMAO
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
Staying in my lane...
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