Attachments: Plan the Trade

Plan the Trade

#8,941
Nov 13, 2018 10:10am Nov 13, 2018 10:10am

Satori16
| Joined Nov 2018 | Status: Trader | 84 Posts

Pretty happy with today's result. +35 with 6 trades. Only one lossing trade which should not have been a trade at all (end of move and one candle pullback) was distracted by looking at another chart. 3x BE, a +25 and +17. The +17 did not fill at +25 so closed it manually.

#8,942
Nov 13, 2018 10:31am Nov 13, 2018 10:31am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

D.
I've been using "rocky points" idea of Ichi trading. Seems to be okay with the Nas ? Apologies if my chart is not in keeping with your thread. Just thought I would post this one chart for comment.

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every Saint has a past. Every Sinner has a Future

#8,943
Nov 13, 2018 11:02am Nov 13, 2018 11:02am

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Here's another pretty good control for trigger happy traders (like me).... max open position limit as a global setting. with 5, I can set only 5 long and short trades as it fabulously calculates the total exposure based on how the trades will be triggered. F*ck it. I am going live this week and see what happens ! Just within the last 30 mins, I made another 156 Ticks lol

This works from what I can tell. Why? Because I tried the exact same logic with MT4 with a FIFO broker Forex.com and it failed miserably. Why it failed? Because these spot FX brokers would not trigger a closure and throw an FIFO error (by design) which is SOOOOO wrong. My mantra holds true to this date... "do what you cannot (easily) do in MT4 to succeed" LOL

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Staying in my lane...

#8,944
Nov 13, 2018 11:03am Nov 13, 2018 11:03am

hilmy83
Joined Jun 2006 | Status: Trader | 5,709 Posts

Quoting VEEFX

Disliked

{quote} While you are looking into this, I could not find a way to change the connecting lines of arrows based on PnL... making it hard to pinpoint without labels which ones are profitable and losing trades.

Ignored

lol this platform feels like its designed for guys with compulsive disorder..too many settings and it's annoying that sometime i forget where i just adjusted something.

#8,945
Nov 13, 2018 11:13am Nov 13, 2018 11:13am

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting hilmy83

Disliked

{quote} lol this platform feels like its designed for guys with compulsive disorder..too many settings and it's annoying that sometime i forget where i just adjusted something.

Ignored

So true... which is why I was trying to avoid going with Sierra... too many bells and whistles man. BTW: I just increased my round turn commission to $10 just to feel the pain of overtrading in my platform. That -$5 in the screenshot is a freaking typo. It needs to be a positive number to subtract trading costs from pnl !!!

Staying in my lane...

#8,946
Nov 13, 2018 12:17pm Nov 13, 2018 12:17pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

I think I have found my "edge"... done with testing and going live with 1contract.

Sorry for the clutter and putting up with my posts. I will slow down now :-

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Staying in my lane...

#8,947
Nov 13, 2018 12:28pm Nov 13, 2018 12:28pm

bapakjason
| Joined Apr 2014 | Status: Trader | 1,900 Posts

Quoting VEEFX

Disliked

I think I have found my "edge"... done with testing and going live with 1contract. Sorry for the clutter and putting up with my posts. I will slow down now :- {image}

Ignored

Good luck V. Keep sharing

#8,948
Nov 13, 2018 12:32pm Nov 13, 2018 12:32pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting bapakjason

Disliked

{quote} Good luck V. Keep sharing

Ignored

Thanks. I will follow Harold's recipe and go with $2K / contract.... with just one contract at a time until $2K is made. I need to control my greeeeeeeeeeeed and aggression with pyramiding/stacking :-

Staying in my lane...

#8,949
Nov 13, 2018 12:35pm Nov 13, 2018 12:35pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Pyramid stacking ???

#8,950
Nov 13, 2018 12:45pm Nov 13, 2018 12:45pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting Divergence

Disliked

Pyramid stacking ???

Ignored

like this...

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Staying in my lane...

#8,951
Nov 13, 2018 12:49pm Nov 13, 2018 12:49pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

I see a chart with a load of lines what are you actually doing adding to the position every 4 ticks?

#8,952
Nov 13, 2018 1:01pm Nov 13, 2018 1:01pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting Divergence

Disliked

I see a chart with a load of lines what are you actually doing adding to the position every 4 ticks?

Ignored

and resulting in this..... yes... only via Buy Stop or Sell Stop orders when price is moving in my direction... now, I realize I am paying way more in commission but if I have realized gains, does it really matter ?

EDIT: And I did this while being on a conference call with some 25 folks... purely mechanical and emotionless :-

EDIT1: With 12T TP... which also acts as a STOP LOSS via FIFO... this is the KEY for folks to understand. No SL does not mean there is unlimited risk exposure.

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Staying in my lane...

#8,953
Nov 13, 2018 1:06pm Nov 13, 2018 1:06pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

So you enter trade( don't know the setup anyway) and every 4 ticks you add to the position what happens when it stops on a dime and thrusts the other way

#8,954
Nov 13, 2018 1:12pm Nov 13, 2018 1:12pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting Divergence

Disliked

So you enter trade( don't know the setup anyway) and every 4 ticks you add to the position what happens when it stops on a dime and thrusts the other way

Ignored

I will explain more... it's my time to talk on this call soon.... this shit happens every hour or every day... all the other lines are only there to make me look like a pro so I can sell signals lol

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Staying in my lane...

#8,955
Nov 13, 2018 1:21pm Nov 13, 2018 1:21pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

This is SIM so what the heck... starting another episode

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Staying in my lane...

#8,956
Nov 13, 2018 1:22pm Nov 13, 2018 1:22pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting VEEFX

Disliked

This is SIM so what the heck... starting another episode {image}

Ignored

done and done

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Staying in my lane...

#8,957
Nov 13, 2018 1:26pm Nov 13, 2018 1:26pm

VEEFX
Joined Jun 2006 | Status: Adios! | 3,377 Posts

Quoting Divergence

Disliked

So you enter trade( don't know the setup anyway) and every 4 ticks you add to the position what happens when it stops on a dime and thrusts the other way

Ignored

Harold - if you are able to gauge the speed of price come to your pullback level, what I am sharing will yield 3-6 time more than what you currently make using only 1 contract instead of 6. I will delete this post as I really don't want/like telling folks what to do. I am simply using YOUR technique of cancelling orders from YOUR video... so kudos to you brother !

Staying in my lane...