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Plan the Trade

  • #9,461
  • Nov 27, 2018 2:48pm Nov 27, 2018 2:48pm
Nice trade CG
  • #9,462
  • Nov 27, 2018 2:50pm Nov 27, 2018 2:50pm
I would add, forget your 2B's, to pick out the one's that are likely turns is again an art which requires tonnes of EXPERIENCE, cos there are a hell of a lot of them which are just slightly larger pullbacks, then continue on their merry way, (I mean a lot that fail!).

Patience and discipline. Be prepared to wait and not to go down the route of trading every single 'nook and cranny' pullback.

TREND, PULLBACK, THRUST, RETEST, MANAGE...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,463
  • Nov 27, 2018 3:14pm Nov 27, 2018 3:14pm
Quoting The Cableguy
I would add, forget your 2B's, to pick out the one's that are likely turns is again an art which requires tonnes of EXPERIENCE, cos there are a hell of a lot of them which are just slightly larger pullbacks, then continue on their merry way, (I mean a lot that fail!). Patience and discipline. Be prepared to wait and not to go down the route of trading every single 'nook and cranny' pullback. TREND, PULLBACK, THRUST, RETEST, MANAGE...
Excellent post
  • #9,464
  • Nov 27, 2018 3:34pm Nov 27, 2018 3:34pm
Quoting The Cableguy
I would add, forget your 2B's, to pick out the one's that are likely turns is again an art which requires tonnes of EXPERIENCE, cos there are a hell of a lot of them which are just slightly larger pullbacks, then continue on their merry way, (I mean a lot that fail!). Patience and discipline. Be prepared to wait and not to go down the route of trading every single 'nook and cranny' pullback. TREND, PULLBACK, THRUST, RETEST, MANAGE...
Agree... and I have NOT even practiced 2B yet in replay. Patience and being selective is a must and both come from experience.
Staying in my lane...
  • #9,465
  • Nov 27, 2018 3:44pm Nov 27, 2018 3:44pm
Here's a 2b pattern at end of trend it breaks point 2 with no pullback inbetween then the pullback
Attached Image (click to enlarge)
Click to Enlarge Name: 1543354940032.png Size: 30 KB
  • #9,466
  • Nov 27, 2018 4:53pm Nov 27, 2018 4:53pm
in the picture, after the 2b, there's a 123 (right at 10pts from pt 2-->3) from watching the video, that would qualify for one to take a break out of pt 2, correct? or maybe not, since its pt 2 is higher than the pt2 of the 2b
  • #9,467
  • Nov 27, 2018 5:12pm Nov 27, 2018 5:12pm
Quoting tbjohnton
in the picture, after the 2b, there's a 123 (right at 10pts from pt 2-->3) from watching the video, that would qualify for one to take a break out of pt 2, correct? or maybe not, since its pt 2 is higher than the pt2 of the 2b
Yes Tim you are correct but you'd be in already from 2b break pullback but you got it. If a 2b is gonna work there are always followed by a 123
  • #9,468
  • Nov 27, 2018 9:29pm Nov 27, 2018 9:29pm
Quoting Nik-Nyc
{quote} Will be difficult to find the time to code a custom study for sierra now, however after the new year, once things settle down, i'll code and share a study with the group, as a visual aid for structure as per Harolds rules. {quote} To properly understand momentum you need to study the two major forces behind price movement. Limit orders (friction) & Market orders (inertia). Both for the Bull team and the Bear team. Price movement is a result of these battles, and therefore its "speed" has less significance than the underlying battle that...
Thanks Nick. Listening and reading more about order flow, footprint and number bars. By asking for a sample study, alert, automation scripts etc simply is an attempt to speed up my learning curve. I learn faster and better with examples so looking for a good place to find such artifacts (similar to FF for MQLs). I am also struggling to narrow down or limit what and whom I listen to as there is tremendous amount of youtubers out there. This dude seems to be good as he validates what I am trying to convey about Harold's strategy all along. It's not the pattern or the setup or the level but the way Harold "INTERACTS" during his entries and exits. It's the interaction with price (and volume etc) that makes a huge difference and separates the inexperienced from the experienced professionals. The way this guy "interacts" by looking at the footprint chart, assessing imbalance between buyers and sellers to interpret order flow is exactly the kind of examples I am looking for (which you also suggested me doing!). Is there a reason why folks are not openly sharing study files for Sierra out here and elsewhere (similar to MT4 templates/profiles/indicators/scripts)? As I said, I am not looking for anyone to spoon feed me. I am only trying to speed up my learning by learning to test my own theories via automation. I am at a point of getting sick of market replays. I just need some building blocks to learn and expand my own setups. I have a ton of things to test from my own experience and rule them out in Futures if they don't work. I start trading live with my first working breakout strategy and it worked fabulously on NQ but I got in trouble with Wash trade regulation because of one silly fat finger trade and now I am scared to even try that strategy out again! I might move to TT platform as they offer this protection that I could not find in Sierra.
Staying in my lane...
  • #9,469
  • Nov 28, 2018 2:40am Nov 28, 2018 2:40am
Quoting VEEFX
{quote} This dude seems to be good as he validates what I am trying to convey about Harold's strategy all along. It's not the pattern or the setup or the level but the way Harold "INTERACTS" during his entries and exits. It's the interaction with price (and volume etc) that makes a huge difference and separates the inexperienced from the experienced professionals. The way this guy "interacts" by looking at the footprint chart, assessing imbalance between buyers and sellers to interpret order...
Might want to take care with the link dropping before you get your collar felt by the mods. Jus sayin'.
'in less than half an hour he made over 100 ticks'
  • #9,470
  • Nov 28, 2018 3:26am Nov 28, 2018 3:26am
Quoting The Cableguy
Had a quick look a moment ago and didn't take long to find a nice entry;
https://www.forexfactory.com/attachm...4&d=1543349196

"Et voilą" Do you speak French???
  • #9,471
  • Nov 28, 2018 5:50am Nov 28, 2018 5:50am
I personally don't look at any level.the thing about levels they can hold break or trap that's why I trade the pullback it's really not rocket science. The one constant that moves all commerce is supply and demand
  • #9,472
  • Nov 28, 2018 6:40am Nov 28, 2018 6:40am
Quoting jpctop
{quote} https://www.forexfactory.com/attachm...4&d=1543349196 "Et voilą" Do you speak French???
Simply a commonly used and understood phrase! My vocabulary of French has generally long been forgotten!)

Even here in Ukraine, I often hear them use 'merci')
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,473
  • Nov 28, 2018 9:27am Nov 28, 2018 9:27am
Complete waste of my precious one hour today. candle counting, drawing up and down and up and down, PB?, Thrust?, red arrow down, green arrow up, yellow arrow=WTF, where are you going? etc
Ending the hour with 2 breakeven trades making a royal 2Ticks.... woohoo!
Feel free to be my critic :-(
Attached Image (click to enlarge)
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Staying in my lane...
  • #9,474
  • Nov 28, 2018 11:00am Nov 28, 2018 11:00am
Quoting VEEFX
Complete waste of my precious one hour today. candle counting, drawing up and down and up and down, PB?, Thrust?, red arrow down, green arrow up, yellow arrow=WTF, where are you going? etc Ending the hour with 2 breakeven trades making a royal 2Ticks.... woohoo! Feel free to be my critic :-( {image}
Crap day all around. I had hoped it would get back to normal after GDP data but it didn't. No real direction. Tight range through the whole day. I mean we only have 55.75 points of range and nearing lunch time. 30 second chart looks like poop. Higher time frames no better. Now it just spikes up for no reason. Sheesh. Enough already. LOL!

Edit: Oh wait Powell speaking. Damnit. LOL!
  • #9,475
  • Nov 28, 2018 11:09am Nov 28, 2018 11:09am
Quoting magnumfreak
{quote} Crap day all around. I had hoped it would get back to normal after GDP data but it didn't. No real direction. Tight range through the whole day. I mean we only have 55.75 points of range and nearing lunch time. 30 second chart looks like poop. Higher time frames no better. Now it just spikes up for no reason. Sheesh. Enough already. LOL! Edit: Oh wait Powell speaking. Damnit. LOL!
had to jump on this ship right away. This is bread and butter setup for me

...let it ride please

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 125 KB


Quoting hilmy83
{quote} had to jump on this ship right away. This is bread and butter setup for me ...let it ride please {image}
fuck i gotta go to work..closed it for quick $3000 profit in like 5 minutes..

jesus
  • #9,476
  • Nov 28, 2018 11:18am Nov 28, 2018 11:18am
Quoting hilmy83
{quote} had to jump on this ship right away. This is bread and butter setup for me ...let it ride please {image} {quote} fuck i gotta go to work..closed it for quick $3000 profit in like 5 minutes.. jesus
Please explain what was your "trigger" (other that jumping on the spike and riding it out which is what I normally do for breakouts as such quick moves offer the best risk/reward imo. I have traded events for years in FX so thinking I need to try news trading in futures once or twice :-)
Staying in my lane...
  • #9,477
  • Nov 28, 2018 11:29am Nov 28, 2018 11:29am
Quoting hilmy83
{quote} had to jump on this ship right away. This is bread and butter setup for me ...let it ride please {image} {quote} fuck i gotta go to work..closed it for quick $3000 profit in like 5 minutes.. jesus
took a look at the chart..

i think i'm gonna puke..

Quoting VEEFX
{quote} Please explain what was your "trigger" (other that jumping on the spike and riding it out which is what I normally do for breakouts as such quick moves offer the best risk/reward imo. I have traded events for years in FX so thinking I need to try news trading in futures once or twice :-)
close beyond 2 standard deviation. usually i like to see the poc in the upper 50% of the range to be valid..but since it was news..i thought i'd bet on the move
  • #9,478
  • Nov 28, 2018 11:35am Nov 28, 2018 11:35am
Quoting hilmy83
{quote}.but since it was news..i thought i'd bet on the move
Inserted Video
  • #9,479
  • Nov 28, 2018 12:30pm Nov 28, 2018 12:30pm
just got home Christmas shopping done. what looked like a crappy day if you locate supply and demand you could have done this
Attached Image (click to enlarge)
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  • #9,480
  • Nov 28, 2018 12:46pm Nov 28, 2018 12:46pm
It's important to do the same things everyday as long as what your doing is consistently profitable you really don't need to reinvent the wheel
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