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Plan the Trade

  • #9,481
  • Nov 28, 2018 1:47pm Nov 28, 2018 1:47pm
I kind of like the late action. Logged in and took a trade instantly;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,482
  • Nov 28, 2018 1:49pm Nov 28, 2018 1:49pm
Same thing over and over the key to the mint
  • #9,483
  • Nov 28, 2018 2:09pm Nov 28, 2018 2:09pm
Quoting Divergence
Same thing over and over the key to the mint
I came across a nice video last night on the repetitive nature of trading towards edge creation,development and consistency. There is science between how to practice turning a setup into second nature via positive habit forming which results in effortless trading. this is why it is very hard to trade someone's strategy. without practising 1000s of same or similar setups, frustrations turn into negative emotions into mistakes and bad decision making. If I am required to "think" while trading, I just made myself a lagging indicator :-
Staying in my lane...
  • #9,484
  • Nov 28, 2018 2:17pm Nov 28, 2018 2:17pm
Quoting VEEFX
{quote} I came across a nice video last night on the repetitive nature of trading towards edge creation,development and consistency. There is science between how to practice turning a setup into second nature via positive habit forming which results in effortless trading. this is why it is very hard to trade someone's strategy. without practising 1000s of same or similar setups, frustrations turn into negative emotions into mistakes and bad decision making. If I am required to "think" while trading, I just made myself a lagging indicator :-

As i keep saying, there is no substitute and no short cut for EXPERIENCE
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,485
  • Nov 28, 2018 2:20pm Nov 28, 2018 2:20pm
VEE study the 123 pattern in context with supply and demand you will thank me later this ain't forex. Market moves in waves see the waves be the waves surf the waves and become the big kahuna
  • #9,486
  • Nov 28, 2018 2:38pm Nov 28, 2018 2:38pm
Quoting VEEFX
{quote} And on the flip side, there is no guarantee that experience will result in positive expectancy if we keep looking for something that is just not there at all...

That's the beauty of this thread... I've got years of Elliott Wave coupled with Fibonacci experience and yet i no longer rely on it. The BEST method of all - retests of obvious S/D levels, is where it's at, so anyone stumbling across these pages, can cut out years of going down the wrong routes and concentrate purely on pullback trading!)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,487
  • Nov 28, 2018 2:41pm Nov 28, 2018 2:41pm
Quoting VEEFX
{quote} I came across a nice video last night on the repetitive nature of trading towards edge creation,development and consistency. There is science between how to practice turning a setup into second nature via positive habit forming which results in effortless trading. this is why it is very hard to trade someone's strategy. without practising 1000s of same or similar setups, frustrations turn into negative emotions into mistakes and bad decision making. If I am required to "think" while trading, I just made myself a lagging indicator :-
good post
Trading should become second nature.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,488
  • Nov 28, 2018 3:11pm Nov 28, 2018 3:11pm
Quoting The Cableguy
{quote} That's the beauty of this thread... I've got years of Elliott Wave coupled with Fibonacci experience and yet i no longer rely on it. The BEST method of all - retests of obvious S/D levels, is where it's at, so anyone stumbling across these pages, can cut out years of going down the wrong routes and concentrate purely on pullback trading!)
So here's a thrust up pullback
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  • #9,489
  • Nov 29, 2018 2:01am Nov 29, 2018 2:01am
Hello,
S / D levels = Supply and demand?
Can you tell me if I see clearly? thank
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  • #9,490
  • Nov 29, 2018 8:35am Nov 29, 2018 8:35am
Quoting Divergence
VEE study the 123 pattern in context with supply and demand you will thank me later this ain't forex. Market moves in waves see the waves be the waves surf the waves and become the big kahuna
Div.You said in a earlier post that you made twice the amount of money with Futures than with CFD that must mean you also loose twice and isnt it only too use doubbled the contracts too get at same level....I mean it cant be like you make twice but loose the same....
  • #9,491
  • Nov 29, 2018 8:52am Nov 29, 2018 8:52am
So far a -6, +38 (123 reversal at 9:43) and a +4 (just hit my SL then went on to +25).
  • #9,492
  • Nov 29, 2018 9:01am Nov 29, 2018 9:01am
slow and shitty start...like yesterday.
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Staying in my lane...
  • #9,493
  • Nov 29, 2018 9:04am Nov 29, 2018 9:04am
Made 2 blunders so far
  • #9,494
  • Nov 29, 2018 9:08am Nov 29, 2018 9:08am
Wonder if they are waiting on FOMC meeting minutes this afternoon. Yesterday it triggered on Powell's speech.

Who knows? I will just wait patiently for ideal set ups only.
  • #9,495
  • Nov 29, 2018 9:09am Nov 29, 2018 9:09am
Quoting VEEFX
slow and shitty start...like yesterday. {image}
Make sure your SL covers the top/bottom of point 3. I took the same trade but my entry was at 6898.75 with SL 6901.75 (top of point 3), I got stopped out at BE (with a slip to +4).
  • #9,496
  • Nov 29, 2018 9:13am Nov 29, 2018 9:13am
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Become the casino
  • #9,497
  • Nov 29, 2018 9:17am Nov 29, 2018 9:17am
Quoting Satori16
{quote} Make sure your SL covers the top/bottom of point 3. I took the same trade but my entry was at 6898.75 with SL 6901.75 (top of point 3), I got stopped out at BE (with a slip to +4).
Yeah... I was thinking about that... and that is why I keep saying about subjectivity involved in placement in regards to measuring where SL will fall (half bar logic). SL on wick is just silly imo but Harold is all about never ever increasing the size of SL (which is a great habit to attain). Either you get lucky or you don't. If you get lucky, stop trading and enjoy your day. If you are not lucky, continue and hope the math comes to our rescue with another TP to recover from the loss at net BE or in net profit.
Staying in my lane...
  • #9,498
  • Nov 29, 2018 9:23am Nov 29, 2018 9:23am
Quoting magnumfreak
Wonder if they are waiting on FOMC meeting minutes this afternoon. Yesterday it triggered on Powell's speech. Who knows? I will just wait patiently for ideal set ups only.
I bet their meeting notes would say ...
"JP - Who do you think I should Fire... you or our treasury secretary?".

LMAO
Staying in my lane...
  • #9,499
  • Nov 29, 2018 9:24am Nov 29, 2018 9:24am
Quoting Macedamia
{quote} Div.You said in a earlier post that you made twice the amount of money with Futures than with CFD that must mean you also loose twice and isnt it only too use doubbled the contracts too get at same level....I mean it cant be like you make twice but loose the same....
good question...
It's in fear when people show what they truly value.
  • #9,500
  • Nov 29, 2018 9:31am Nov 29, 2018 9:31am
Quoting VEEFX
{quote} I bet their meeting notes would say ... "JP - Who do you think I should Fire... you or our treasury secretary?". LMAO
LOL! Or, "OK guys, if I show up to the meeting next month with a red briefcase then we hold rates. If I have my black briefcase then we are raising rates."

Edit: Oh look, another Trump and Dump underway.
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