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Plan the Trade

  • #9,381
  • Nov 22, 2018 7:20am Nov 22, 2018 7:20am
Well I am giving thanks to this great market called the emini nasdaq
  • #9,382
  • Nov 22, 2018 7:53pm Nov 22, 2018 7:53pm
And I am giving thanks to you Harold for your unwavering desire to help others, Happy thanksgiving to all our American friends and CG, fantastic news on the continuing successes in your health battle - best wishes and keep up the great work mate :-)
  • #9,383
  • Nov 22, 2018 11:53pm Nov 22, 2018 11:53pm
Quoting Paulnz57
And I am giving thanks to you Harold for your unwavering desire to help others, Happy thanksgiving to all our American friends and CG, fantastic news on the continuing successes in your health battle - best wishes and keep up the great work mate :-)
I will join that one Paul.
Also thankful for others who have joined in here. Its a good group.
  • #9,384
  • Nov 23, 2018 1:06am Nov 23, 2018 1:06am
Quoting bapakjason
{quote} I will join that one Paul. Also thankful for others who have joined in here. Its a good group.
I concur too. It's an eye opener for me, coming from the stocks industry in Asia. Was a broker for 18 years before deciding to call it quits few years ago and trying to still make it in the world of futures and day trading. Fortunately, I stumbled onto this group and it's a process of dropping most of what I learned that was so confusing and getting to grips with the astounding simplicity and effectiveness of Harold's methods (which took me some time to accept) and also inputs from the rest. Simple yes, but not easy .
  • #9,385
  • Nov 23, 2018 8:40am Nov 23, 2018 8:40am
Some really nice price movement through the european session and now into US it really is moving. Need to make a bunch of money, wife is out Black Friday shopping. LOL!
  • #9,386
  • Nov 23, 2018 9:27am Nov 23, 2018 9:27am
Got +27 for far too many trades, still good though. Not bad for holiday Friday...
'in less than half an hour he made over 100 ticks'
  • #9,387
  • Nov 23, 2018 10:21am Nov 23, 2018 10:21am
Quoting onejester
Got +27 for far too many trades, still good though. Not bad for holiday Friday...
A friendly reminder for everyone to deduct 1tick commission for each round trip trade. DPL is not good. We should see NPL. I got burnt on my first day of trading so better to deduct it by using your platform settings. Only then your account balance in platform will accurately reflect your daily statement balance. It's one tick per contract and not trade...approx $4.1 per contract per round trip and believe me....they add up !!! In sim, I am using 2ticks for trading costs just to protect me
Staying in my lane...
  • #9,388
  • Nov 23, 2018 11:14am Nov 23, 2018 11:14am
Is anyone still trading today. Curious when does she close? I got a few works at work so thinking to put a couple of trades. All my trades on SIM worked like magic :-
Staying in my lane...
  • #9,389
  • Nov 23, 2018 11:24am Nov 23, 2018 11:24am
Quoting VEEFX
Is anyone still trading today. Curious when does she close? I got a few works at work so thinking to put a couple of trades. All my trades on SIM worked like magic :-
Done for the day.

Closes at noon central like yesterday.
  • #9,390
  • Nov 23, 2018 11:30am Nov 23, 2018 11:30am
Watching volume between S&P and NQ, NQ has surprised me today
  • #9,391
  • Nov 23, 2018 11:35am Nov 23, 2018 11:35am
Quoting magnumfreak
{quote} Done for the day. Closes at noon central like yesterday.
Thanks M. She is still moving very predictably. I am so surprised with her.... and spread are not at all widening like spot fx where majors would be atleast 5+ pips wide. I have not seen spread go over 2 ticks. Very interesting! I am running a spread recorder to understand her moves as there are definitely tell-tale signs on a tick chart during below average liquidity times.
Staying in my lane...
  • #9,392
  • Nov 23, 2018 11:56am Nov 23, 2018 11:56am
Quoting bapakjason
Watching volume between S&P and NQ, NQ has surprised me today
One thing I know for sure about NQ:

Never trade against her trend direction (even on a tick chart!). She will crush you! GTFO if you have a floating drawdown is my only defence. Running a floating loss and being hopeful is just suicidal hoping for her to return to your entry point. She is spiteful and immoral beast for those who become complacent with her. IF we remain in agreement with her moves, she pays and she pays bountiful.... just my experience. Marry her and don't make her your mistress or she will run and tell your wife and make you broke LOL
Staying in my lane...
  • #9,393
  • Nov 23, 2018 12:12pm Nov 23, 2018 12:12pm
Quoting VEEFX
{quote} One thing I know for sure about NQ: Never trade against her trend direction (even on a tick chart!). She will crush you! GTFO if you have a floating drawdown is my only defence. Running a floating loss and being hopeful is just suicidal hoping for her to return to your entry point. She is spiteful and immoral beast for those who become complacent with her. IF we remain in agreement with her moves, she pays and she pays bountiful.... just my experience. Marry her and don't make her your mistress or she will run and tell your wife and make...
My motif is wait for trend trade the pullback find entry spot enter and manage trade make money
  • #9,394
  • Nov 23, 2018 12:42pm Nov 23, 2018 12:42pm
CL knocking on 50. Oil has dropped over 26 bucks since October 3rd. Unreal.

NQ is at an interesting place as well. Check the daily chart below. Blue line is the low from October. We broke through it, retested twice and now moving south again. Yellow line is next area of support. Below the red line look out below. Other than the last two days (due to holidays) the volume trend has been increasing again.

Attached Image (click to enlarge)
Click to Enlarge Name: NQ 12-18 (Daily) 2018_11_23 (1_36_19 PM).png Size: 120 KB


Next week could prove to be fun again when everyone returns with a turkey hangover.
  • #9,395
  • Nov 23, 2018 12:50pm Nov 23, 2018 12:50pm
Quoting magnumfreak
CL knocking on 50. Oil has dropped over 26 bucks since October 3rd. Unreal. NQ is at an interesting place as well. Check the daily chart below. Blue line is the low from October. We broke through it, retested twice and now moving south again. Yellow line is next area of support. Below the red line look out below. Other than the last two days (due to holidays) the volume trend has been increasing again. {image} Next week could prove to be fun again when everyone returns with a turkey hangover.
YUMMY !!!
  • #9,396
  • Nov 23, 2018 12:51pm Nov 23, 2018 12:51pm
This was so detailed and helpful. Thanks and keep up the good work : )
  • #9,397
  • Nov 23, 2018 12:56pm Nov 23, 2018 12:56pm
Quoting Divergence
{quote} My motif is wait for trend trade the pullback find entry spot enter and manage trade make money
Agree. pullback is the mechanics using 123 and 2B as your market microstructure. The edge really lies in the thrust candle at S/D which indicates a strong trend continuation as your early indication. That seems to be a more important decision trigger to enter pending order.... and "speed" of pullback seems to be your trigger whether to let it trigger or cancel the order. I ran your entries against a 30 trade tick chart and I know what goes on in the decision making of whether to let the pending order trigger or cancel it :-

EDIT: I still think your edge is in your experience in cancelling your pending orders or decision to TP early or when to move SL to BE. Rule-based Automation of any kind will quickly drain the account from what I see and understand. I hope Nick succeed in his endeavor (if he is still trying).
Staying in my lane...
  • #9,398
  • Nov 23, 2018 1:04pm Nov 23, 2018 1:04pm
Quoting magnumfreak
CL knocking on 50. Oil has dropped over 26 bucks since October 3rd. Unreal.
US crude plunges 7.7%, settling at $50.42, as oil loses more than a third of its value - http://cnbc.com/id/105589704
  • #9,399
  • Nov 23, 2018 1:15pm Nov 23, 2018 1:15pm
Quoting VEEFX
{quote} Agree. pullback is the mechanics using 123 and 2B as your market microstructure. The edge really lies in the thrust candle at S/D which indicates a strong trend continuation as your early indication. That seems to be a more important decision trigger to enter pending order.... and "speed" of pullback seems to be your trigger whether to let it trigger or cancel the order. I ran your entries against a 30 trade tick chart and I know what goes on in the decision making of whether to let the pending order trigger or cancel it :- EDIT: I still...
BINGO
  • #9,400
  • Nov 23, 2018 1:58pm Nov 23, 2018 1:58pm
Quoting bapakjason
{quote} US crude plunges 7.7%, settling at $50.42, as oil loses more than a third of its value - http://cnbc.com/id/105589704
Translation: Business Economic Cycle swinging from bull to bear to bull to bear... coupled with manipulation between USD interest rates to slow the economy and 'manage' oil prices to act as a shock absorption/cushion to keep the powerful folks remain in power. This is all pre-planned months in advance.... coupled with geo-political, religious and military related tensions between the producers and the consumers. All Pre-Planned.... seen this story repeats so many times. Gold/JPY/Oil/USD (USD=bonds/interest rate/reserve currency status).... the 4 pillars to keep the global economy "stable" thru the ups and downs. Nothing else matters but as traders, we trade what we see and follow price whereever it takes. No matter how hard I have tried, I always end up with the thought process..."follow the price and don't fight it!".... and if we do this at the micro-structure level (like Harold or CP) and trade only "divergence from mean", it covers every bit of fundamental elements into our trading strategy. What happens at the higher level always starts at the lower level.
Staying in my lane...
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