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Plan the Trade

  • #8,961
  • Nov 13, 2018 1:32pm Nov 13, 2018 1:32pm
one more time?

EDIT: and this smart a** got f*cked lol via flatten to protect my capital.
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Staying in my lane...
  • #8,962
  • Nov 13, 2018 1:37pm Nov 13, 2018 1:37pm
Quoting VEEFX
{quote} I just did :-
Where and why is entry. Where and why is stop where and why is target
  • #8,963
  • Nov 13, 2018 1:48pm Nov 13, 2018 1:48pm
Quoting Divergence
{quote} Where and why is entry. Where and why is stop where and why is target
In essence, I am playing the one hour candle on a 30 second chart with only speed/momentum driven by HH and LL for directional swing moves. No SL as pending TP acts as my stop loss during retraces because I am ONLY interested in buy/sell STOP orders... waiting for price to COME to me in my direction. if it comes, TP gets hit, and If I am in loss, it acts as a stoploss, if I am in profit, equity explosion happens.... but all this is only doable if I run into profit on my first trade.... otherwise it is suicidal
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Staying in my lane...
  • #8,964
  • Nov 13, 2018 1:50pm Nov 13, 2018 1:50pm
Quoting VEEFX
{quote} In essence, I am playing the one hour candle on a 30 second chart with only speed/momentum driven by HH and LL for directional swing moves. No SL as pending TP acts as my stop loss during retraces because I am ONLY interested in buy/sell STOP orders... waiting for price to COME to me in my direction. if it comes, TP gets hit, and If I am in loss, it acts as a stoploss, if I am in profit, equity explosion happens.... but all this is only doable if I run into profit on my first trade.... otherwise it is suicidal {image}
Way above my pay grade good luck
  • #8,965
  • Nov 13, 2018 2:03pm Nov 13, 2018 2:03pm
Quoting Divergence
{quote} Way above my pay grade good luck
recovery is also quicker... as she runs when she TRENDS

Time to go in my cave, conclude this research and document my "trading plan" :- enjoy
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Staying in my lane...
  • #8,966
  • Nov 13, 2018 2:08pm Nov 13, 2018 2:08pm
Quoting VEEFX
{quote} recovery is also quicker... as she runs when she TRENDS Time to go in my cave, conclude this research and document my "trading plan" :- enjoy {image}
'Kinell !
every Saint has a past. Every Sinner has a Future
  • #8,967
  • Nov 13, 2018 2:24pm Nov 13, 2018 2:24pm
Quoting VEEFX
{quote} In essence, I am playing the one hour candle on a 30 second chart with only speed/momentum driven by HH and LL for directional swing moves. No SL as pending TP acts as my stop loss during retraces because I am ONLY interested in buy/sell STOP orders... waiting for price to COME to me in my direction. if it comes, TP gets hit, and If I am in loss, it acts as a stoploss, if I am in profit, equity explosion happens.... but all this is only doable if I run into profit on my first trade.... otherwise it is suicidal {image}
so the first entry stop is your max risk?

basically it would look something like this?

entry 1=6000 target 12 ticks, stop 12 ticks?
entry 2 6001 target 12 ticks, stop 12 ticks (b/e)
entry 3,6002 target 12 ticks, stop 12 ticks (12 tick net)
etc. etc.??

so in a fast moving one direction, you would just keep doing this.
  • #8,968
  • Nov 13, 2018 2:25pm Nov 13, 2018 2:25pm
Quoting VEEFX
one more time EDIT: and done again {image} {image} {image}
How about recording what you mean? I am unsure what you are doing. looking for a trend and scaling in? TP is 12T or you just let it run?, SL is the rows of pending orders at the other side?
So many in the Commercial section want to make me rich! :o
  • #8,969
  • Nov 13, 2018 2:29pm Nov 13, 2018 2:29pm
Quoting hilmy83
{quote} so the first entry stop is your max risk? basically it would look something like this? entry 1=6000 target 12 ticks, stop 12 ticks? entry 2 6001 target 12 ticks, stop 12 ticks (b/e) entry 3,6002 target 12 ticks, stop 12 ticks (12 tick net) etc. etc.?? so in a fast moving one direction, you would just keep doing this.
like this... higher hit rate with TP=8T
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Staying in my lane...
  • #8,970
  • Edited 2:40pm Nov 13, 2018 2:29pm | Edited 2:40pm
Quoting VEEFX
{quote} In essence, I am playing the one hour candle on a 30 second chart with only speed/momentum driven by HH and LL for directional swing moves. No SL as pending TP acts as my stop loss during retraces because I am ONLY interested in buy/sell STOP orders... waiting for price to COME to me in my direction. if it comes, TP gets hit, and If I am in loss, it acts as a stoploss, if I am in profit, equity explosion happens.... but all this is only doable if I run into profit on my first trade.... otherwise it is suicidal {image}
i think people use different terms in the forum so sometimes message isn't understood as intended. For your method, lets take an example with numbers:

1. say previous swing high is 100 and current price is 98. -> you put a buy stop at 100 expecting to get filled if price comes back up and break out from the previous swing high. For this order, you attach a sell limit TP at 112 (assume 12 points is your TP target) - Is this correct?

case 1.1. say you get filled at 100 and price is now at 106 -> what do you do further?
case 1.2. say you get filled at 100 and price is now reaching at 112 -> do you let the TP trigger at 112 or cancel it?
case 1.3. say you get filled at 100 and price is now 95 (without first reaching your TP at 112) -> what do you do?

When do you add more buy stop orders? lets just focus on buy side. I don't think you are doing both buy stop and sell stop at the same time - correct?

Anyhow seems like a grid trading which will work great in trend but will go kaput in range trading.. But waiting for you to say what exactly you are trying.
Think : Trade : Live Life
  • #8,971
  • Nov 13, 2018 2:43pm Nov 13, 2018 2:43pm
Quoting stt
{quote} i think people use different terms in the forum so sometimes message isn't understood as intended. For your method, lets take an example with numbers: 1. say previous swing high is 100 and current price is 98. -> you put a buy stop at 100 expecting to get filled if price comes back up and break out from the previous swing high. For this order, you attach a TP at 112 (assume 12 points is your TP target) - Is this correct? case 1.1. say you get filled at 100 and price is now at 106 -> what do you do further? case 1.2. say you get filled at...
this method should work best at 8:30cst. the spikes is what you want to take advantage of. every other time, it's just guessing to me. (except for news releases).
  • #8,972
  • Nov 13, 2018 2:50pm Nov 13, 2018 2:50pm
If he can make it work great but I agree it just seems like guess work though trading is guess work but if setup has high probabilities thats what i look for
  • #8,973
  • Nov 13, 2018 2:53pm Nov 13, 2018 2:53pm
Quoting Divergence
https://youtu.be/yaEwoF-q5NI
Good stuff! Lots of ways to get it done
  • #8,974
  • Nov 13, 2018 3:22pm Nov 13, 2018 3:22pm
Quoting VEEFX
{quote} like this... higher hit rate with TP=8T {image} {image}
Lots of questions about what I'm looking at here. I agree with whoever else said it, maybe a video to show it in action? It's seems interesting. I would like to see it in motion.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,975
  • Nov 13, 2018 3:40pm Nov 13, 2018 3:40pm
Quoting capstone
{quote} Lots of questions about what I'm looking at here. I agree with whoever else said it, maybe a video to show it in action? It's seems interesting. I would like to see it in motion.
Yeah vee. Do a video. Use OBS
https://obsproject.com

Better than xsplit imo.
  • #8,976
  • Nov 13, 2018 3:49pm Nov 13, 2018 3:49pm
Obs a little complex ispring free cam is what I use
  • #8,977
  • Nov 13, 2018 4:18pm Nov 13, 2018 4:18pm
I do livesstream so I need the fancy options. Another one is loom which is a Google extension, good for online platforms

Lol vee, what good what to jump into future then to record your first live trades
  • #8,978
  • Nov 13, 2018 4:27pm Nov 13, 2018 4:27pm
Toughest thing to do is try to explain to someone else what you see.

If a picture is worth a thousand words, I need about 30 thousand words per second. LOL! (30 frames per second).

Seriously though, if you don't like doing the video then break it down to a step by step. You may be on to something but it is hard to tell so far.

Either way, best of luck while trading live. I hope you crush it.
  • #8,979
  • Nov 13, 2018 5:47pm Nov 13, 2018 5:47pm
Quoting hilmy83
{quote} Yeah vee. Do a video. Use OBS https://obsproject.com Better than xsplit imo.
Please tell me how to disable my microphone and webcam? Does it upload directly on the web as you record or do I have the option to view it first?

I will probably go bust on my first trade and be a mockery for everyone to remember :-

I have a few things to iron out as this needs to be rule based instead of just gut-feeling "price behavioral" analysis which is where having a background like mine helps me with trading. not always but most of the time if I catch the wind in my direction.
Also / Can I replay recording with this software in fast forward mode? It would be boring to have a video log if I have to sit in and watch every candle move
Staying in my lane...
  • #8,980
  • Nov 13, 2018 6:37pm Nov 13, 2018 6:37pm
Quoting VEEFX
{quote} Please tell me how to disable my microphone and webcam? Does it upload directly on the web as you record or do I have the option to view it first? I will probably go bust on my first trade and be a mockery for everyone to remember :- I have a few things to iron out as this needs to be rule based instead of just gut-feeling "price behavioral" analysis which is where having a background like mine helps me with trading. not always but most of the time if I catch the wind in my direction. Also / Can I replay recording with this software in fast...
you should just use ispring cam like harold suggested. you can record and cut out the footage you don't want afterwards, then load on youtube.

you can disable your cam/mic on the app itself or just go int hardware control panel and disable/mute them.

or use windows movie maker app and load a full video and edit from there..

so many options.

No mockery if you lose man. i personnally will ask twee to ban them for life if they did. as you know..i own this forum
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