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Plan the Trade

  • #9,581
  • Nov 30, 2018 9:16am Nov 30, 2018 9:16am
Still looking for long or 2b break pullback
  • #9,582
  • Nov 30, 2018 9:17am Nov 30, 2018 9:17am
Cancel 2b
  • #9,583
  • Nov 30, 2018 9:21am Nov 30, 2018 9:21am
slow day .. grabbed 10:

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Become the casino
  • #9,584
  • Nov 30, 2018 9:22am Nov 30, 2018 9:22am
Quoting Divergence
Short 675
nice missed that one
Become the casino
  • #9,585
  • Nov 30, 2018 9:22am Nov 30, 2018 9:22am
+12T.... Patience Vee. Slow and Steady wins the race... sigh
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Staying in my lane...
  • #9,586
  • Nov 30, 2018 9:27am Nov 30, 2018 9:27am
Quoting VEEFX
+12T.... Patience Vee. Slow and Steady wins the race... sigh {image}
nice one ras and vee i pulled order as that big down candle actually made a lower low that point 2 nonetheless you made profit
  • #9,587
  • Nov 30, 2018 9:29am Nov 30, 2018 9:29am
well as they say in hollywood thats a wrap
  • #9,588
  • Nov 30, 2018 9:36am Nov 30, 2018 9:36am
Quoting Divergence
{quote} nice one ras and vee i pulled order as that big down candle actually made a lower low that point 2 nonetheless you made profit
Thanks.... Actually, in hindsight, ALL my 3 trades would have gone to final 25TP if it wasn't be systemic "automove to BE" @ +2 after 6T in profit or +10 @17T in profit. Interesting and it validates my theory continuously that discretion is necessary in trade management. Agree? I would love to see you doing automatic SLtoBE moves if you disagree. Believe, I have spend hours trying this setup in replay and majority of losses or BE happens because of the non-discretionary Trade management actions.
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Staying in my lane...
  • #9,589
  • Nov 30, 2018 9:39am Nov 30, 2018 9:39am
Quoting VEEFX
{quote} Thanks.... Actually, in hindsight, ALL my 3 trades would have gone to final 25TP if it wasn't be systemic "automove to BE" @ +2 after 6T in profit or +10 @17T in profit. Interesting and it validates my theory continuously that discretion is necessary in trade management. Agree? I would love to see you doing automatic SLtoBE moves if you disagree. Believe, I have spend hours trying this setup in replay and majority of losses or BE happens because of the non-discretionary Trade management actions. {image}
for me vee number 1 rule reduce risk as fast as possible without wrecking trade lock in some then either it hits target or if it just misses flatten
  • #9,590
  • Nov 30, 2018 9:44am Nov 30, 2018 9:44am
well i got raped today.. had to be the last damn day to ruin my month..

how's everybody's month?
  • #9,591
  • Nov 30, 2018 9:48am Nov 30, 2018 9:48am
Quoting VEEFX
{quote} Thanks.... Actually, in hindsight, ALL my 3 trades would have gone to final 25TP if it wasn't be systemic "automove to BE" @ +2 after 6T in profit or +10 @17T in profit. Interesting and it validates my theory continuously that discretion is necessary in trade management. Agree? I would love to see you doing automatic SLtoBE moves if you disagree. Believe, I have spend hours trying this setup in replay and majority of losses or BE happens because of the non-discretionary Trade management actions. {image}
Missed this nice run up. Oh well. LOL!

I stopped using auto BE about a week ago. I started giving the trade time to develop. Before I move my stop I ask myself what has changed about the trade that justifies moving the stop.
  • #9,592
  • Nov 30, 2018 9:53am Nov 30, 2018 9:53am
Quoting magnumfreak
{quote} Missed this nice run up. Oh well. LOL! I stopped using auto BE about a week ago. I started giving the trade time to develop. Before I move my stop I ask myself what has changed about the trade that justifies moving the stop.
its all about risk if my entry is good it should shoot up if not BE+2
  • #9,593
  • Nov 30, 2018 10:17am Nov 30, 2018 10:17am
Quoting hilmy83
well i got raped today.. had to be the last damn day to ruin my month.. how's everybody's month?
How much loss is raped??LOL
  • #9,594
  • Nov 30, 2018 10:19am Nov 30, 2018 10:19am
Quoting hilmy83
well i got raped today.. had to be the last damn day to ruin my month.. how's everybody's month?
I saw. Sorry it didn't work out for you today. I thought you were definitely on the right track when you decided to hold that short through the day. I just don't understand how you could just walk away and get some sleep. Mentally I couldn't get my brain to shut down enough to get some sleep while a trade on NQ was running. Especially without a stop in place.

I had a good month. Not the record breaker I had back in October but still a good month overall (although I am still trading today so that could still change lol).
  • #9,595
  • Nov 30, 2018 10:29am Nov 30, 2018 10:29am
Looks like some still caught some nice trades on a not so easy day. I had 4 BE trades and one stupid loss (not following my rules) ended on -4. Missed a nice 123 reversal at 10:45. Have a nice weekend all.
  • #9,596
  • Nov 30, 2018 10:51am Nov 30, 2018 10:51am
Quoting Divergence
{quote} its all about risk if my entry is good it should shoot up if not BE+2
I know eliminating risk asap is a good habbit and acceptable if trading only one hour a day. I have seen folks spend hours in sniper mode taking 10-15 BE trades and feel good about themselves.

To me, it is all about "time and effort", I lose an hour of "productivity", Market has to compensate me for the sacrifice I just made. A quick and stress-free BE+5 is so much satisfying to me than a 25TP which took 15 minutes to get there... even if my initial stoploss is 50T long. A quick orgasm of getting in and out and enjoy the rest of the day is so much appealing with her lol
Staying in my lane...
  • #9,597
  • Nov 30, 2018 10:56am Nov 30, 2018 10:56am
Quoting VEEFX
{quote} I know eliminating risk asap is a good habbit and acceptable if trading only one hour a day. I have seen folks spend hours in sniper mode taking 10-15 BE trades and feel good about themselves. To me, it is all about "time and effort", I lose an hour of "productivity", Market has to compensate me for the sacrifice I just made. A quick and stress-free BE+5 is so much satisfying to me than a 25TP which took 15 minutes to get there... even if my initial stoploss is 50T long. A quick orgasm of getting in and out and enjoy the rest of the day...
The thing is VEE my trades don't last more than a minute so I am not sitting around managing a trade
  • #9,598
  • Edited 11:18am Nov 30, 2018 11:01am | Edited 11:18am
Quoting VEEFX
{quote} 'A quick and stress-free BE+5 is so much satisfying to me than a 25TP which took 15 minutes to get there... even if my initial stoploss is 50T long'.
Vee, that worries me a tad.

The idea here is a SL is used and adhered to each and every time and primary target is a multiple of initial risk.

Sooner or later that minus 50 will wipe out many many of the winners... it needs to be the other way around, (imo)
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,599
  • Nov 30, 2018 11:09am Nov 30, 2018 11:09am
Ended up - 14, but I'm at the point where I am more confident in those levels. Don't normally trade breakouts, but I called a couple of corkers. Just couldn't get to the buy stop in time. There were a couple of great 123's but no fills for me.

Experimented with a standard stop loss of 20 past couple of weeks, but once you start to see things clearly the standard Harold setup is sufficient (can always move the TP manually) and it protects you from yourself.

Traded 10 sessions this month again weekend break money, but confident I'm not gonna blow up anytime soon.

Looking forward to December...

'in less than half an hour he made over 100 ticks'
  • #9,600
  • Nov 30, 2018 11:35am Nov 30, 2018 11:35am
Quoting The Cableguy
{quote} Vee, that worries me a tad. The idea here is a SL is used and adhered to each and every time and primary target is a multiple of initial risk. Sooner or later that minus 50 will wipe out many many of the winners... it needs to be the other way around, (imo)
Agree... it should worry but not if my entry expectancy is over 90%.... meaning I enter and trade goes into profit right away over 90% of the time by x ticks. I am digressing here but per trade RR should be a result of entry and exit % expectancy and that is derived from strategy development by looking at trading stats and then tweaking your bracket parameters for each type of market condition. Breakout will have a different RR on the same timeframe/scale than pullback or bounce or swing or position style.


BTW: I can trade both breakouts and pullbacks, or just breakouts or just pullbacks or alternate between the two.... by using the SAME 123 setup... i.e. pullback at 3 or breakout when 2 is taken out after 3. Same fundamental micro-structure concept with same supply/demand dynamics in play. With BE+5 @ 2 for breakout with SL @ 3 also offers decent opportunities to get bigger wins if the breakout move is FIERCE which is what NQ is all about. When she runs, she puts Usain Bold to shame :-
Staying in my lane...
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