Plan the Trade

Rough day to be long in the market. Dow futures down 490+, ES down 53+, NQ just keeps on slipping.

I keep wondering when this rundown is going to stop but it just keeps going and going. Good thing we can make money going up or down.

Trading the current micro trend let's you make money in either direction. I do like the 123 to get back into the trend that's a killer move

Well said Magnum:
Price rules. Just do it.

I think you will too VEE. No one ever went broke taking and keeping profits

6666 cue dramatic music.... dunnn dunnn dunnnnnnnnnnnn

few people went homeless today..just in time for thanksgiving..

you still shorting? from where?

Nah. I am out for now. Will look again after some lunch and a break.

Market almost down 1000 ticks what a great market to trade

6580.50 is the lowest point from the drop in October. Won't take much to get us back there again.

Round Numbers + Price Action = a trading plan

PA = 123 pullbacks, H dogs follow the volume

Merry Christmas.

6654 . . . And dropping ?

Good answer

Yep . . . Bit by bit

@V
There really is an interesting correlation between S&P and NQ

Looks like there was a 123 at bottom to go long

It's missed a few LH 's

A 123 is when price makes a LL then retraces and makes a LH then it tries to take out low but doesn't so entry to go long about last LH is a 123 setup

Let's just say that I used to have to work for 4 months to make what I made today. I am trying to figure out a good way to show my trades without showing the lot size. With ninjatrader even if I switch it to ticks for the indication, it still shows the number of contracts. I really don't want to have someone trade the number of contracts I do just because they can. Mostly because they won't be ready to handle the swings. You can easily trade the number of contracts I do with a 15k account. But for me the swings are only 1-2% of the balance for someone with a 15k account it could easily swing 20+%. Just because you can, doesn't mean you should. If you know what I mean.

Some of my trades are based on my normal way of trading with the moving averages and some are just nice 1-2-3 reversals. There was a nice reversal 1-2-3 about 30 minutes ago that could have been worth 100 or so ticks easy. I am taking a break right now so I doesn't bother me that I didn't take it. I don't do the 12 tick thing that Divergence does. I look for the 1-2-3 then a break above/below the 2 point. If the markets are moving nicely I will use the body of the candle for entry if they are a bit choppy I will move it out to the wick plus 1-2 ticks for safety. During the day, stops range from 20-60 ticks.

I am not only looking at the 30 second chart, I have the 1 minute and 5 minute up as well. I am looking for the exact same entries on those time frames as well. Nothing about my trading changes based on time. The only thing I change is that early in the morning I will trade the 50 tick chart just because the markets are slow enough to let me. The markets were so slow this morning I saw a single 50 tick candle take 5 minutes to form. That's when I said nope off to bed. Got back up and ready just in time to get into a short trade and have the stop moved beyond break even before the markets opened. 1-2 hours before the markets open can be a great time to take a trade.

All my pullbacks always in conjunction with a supply/demand bar

You may have found it already, but you can link the nq and ep charts together and watch them play back together with market replay