Plan the Trade | Page 486 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Plan the Trade / Trade the plan 74 replies

Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies

My backtest - optimisation - trade plan 0 replies

A realistic trade plan 6 replies

my trade plan for next week 47 replies

Attachments: Plan the Trade
Exit Attachments

Plan the Trade

  • #9,701
  • Dec 7, 2018 9:49am Dec 7, 2018 9:49am
+ 40 123 break @ 43 added to +15 (3 trades total). Have a good one guys.
'in less than half an hour he made over 100 ticks'
  • #9,702
  • Dec 7, 2018 9:50am Dec 7, 2018 9:50am
I am closing green for the week with the live account. Thanks for everyone's positive contributions here. Your time is appreciated. It matters!
  • #9,703
  • Dec 7, 2018 9:51am Dec 7, 2018 9:51am
Quoting bapakjason
I am closing green for the week with the live account. Thanks for everyone's positive contributions here. Your time is appreciated. It matters!
nice work jason glad to hear that
  • #9,704
  • Dec 7, 2018 10:13am Dec 7, 2018 10:13am
Ended with +11. Broke some rules and paid for it. Managed to get it back into green for the day but basically 0 with commissions. Unlucky with the 123 break at 43.50, just ticked my moved SL and then moved to +40.

Just above 100 ticks net for the week. Happy with the progress.

Have a good weekend all!
  • #9,705
  • Dec 7, 2018 10:22am Dec 7, 2018 10:22am
Quoting VEEFX
{quote} I say the same to myself every day. It works if you wake up with good goal-oriented thoughts and stay focused thru the day. I just could not watch the moves today but seems like everyone had a decent day. Wondering if December, historically speaking, is a good trading month for NQ. My trading plan (across other markets) to screw trading once annual goals are met but that was the old me. The new me wants to make and track money everyday :-)
I think there are stats on the CME site. I'm not sure looking back would add any value for this method, as it is biased around what is happening in the moment. From your posts, I can see you want to catch the bigger moves. I can see why, I just don't have the nerve for the stops required.
'in less than half an hour he made over 100 ticks'
  • #9,706
  • Dec 7, 2018 11:43am Dec 7, 2018 11:43am
Quoting onejester
{quote} I think there are stats on the CME site. I'm not sure looking back would add any value for this method, as it is biased around what is happening in the moment. From your posts, I can see you want to catch the bigger moves. I can see why, I just don't have the nerve for the stops required.
The only move I am able to consistently catch is towards my SL :-( I tried a bit today but no success at all. Same result as what shows in my market replay. I am at a point where i cannot try this style without a visual aid but regardless, I think I know why. It's not the setup (obviously). Being a breakout trader relying on momentum/speed, I am always thinking/expecting the opposite of what I am acting on.... if that makes sense.

I will limit my posting here until I get some decent success Or find something that works for me. With that said, I am convinced as a day trader (which I have never been one), following applies (to my understanding):

- one HAS to stop trading when goals are met.
- one HAS to stop trading after x number of consecutive loss
- one HAS to rely on +R math to turn into net positive
- one HAS to define a fixed trading window ending with a time stop
- one HAS to play in liquid markets and rely on micro-tick-structural analysis to make it a long term liquidity-agnostic viable strategy
- one HAS to be able to deal with the per trade ups and downs and not feel crap emotionally.
- one HAS to come with a "JOB" mindset everyday to work and earn!
Staying in my lane...
  • #9,707
  • Dec 7, 2018 12:02pm Dec 7, 2018 12:02pm
Quoting Nik-Nyc
Hi V, The last thing this thread needs is a discussion on algorithms/ea hijacking the healthy discussion. Therefore i will answer your questions in this singular post, also because i think there might be some overall benefit to all traders. First of all, the automation of Harolds system was an excersice i assisted a talented programmers who was looking for a worthy system to automate. While his development proficiency is great, his market mechanic knowledge was at a beginners level, and so my involvement was in helping dissect harold's system in...
Hey Nick, Could I ask you to please share some good examples of how Demand and Thrust Bars visually look different on a chart? 2 or 3 examples of both long and short directional trades would be great.

EDIT: Based on your quantified orderflow analysis but without the orderflow or number chart details. Just visual is what I am looking for.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
Staying in my lane...
  • #9,708
  • Dec 7, 2018 12:09pm Dec 7, 2018 12:09pm
Quoting VEEFX
{quote} The only move I am able to consistently catch is towards my SL :-( I tried a bit today but no success at all. Same result as what shows in my market replay. I am at a point where i cannot try this style without a visual aid but regardless, I think I know why. It's not the setup (obviously). Being a breakout trader relying on momentum/speed, I am always thinking/expecting the opposite of what I am acting on.... if that makes sense. I will limit my posting here until I get some decent success Or find something that works for me. With that...
finally you get it it's a business and you have the plan for that business now do your JOB
  • #9,709
  • Dec 7, 2018 7:44pm Dec 7, 2018 7:44pm
Quoting VEEFX
{quote} The only move I am able to consistently catch is towards my SL :-( I tried a bit today but no success at all. Same result as what shows in my market replay. I am at a point where i cannot try this style without a visual aid but regardless, I think I know why. It's not the setup (obviously). Being a breakout trader relying on momentum/speed, I am always thinking/expecting the opposite of what I am acting on.... if that makes sense. I will limit my posting here until I get some decent success Or find something that works for me. With that...
One idea could be to take the trades in sim with the patterns shown 123,2b, show where they don't work. And then discuss the results.
'in less than half an hour he made over 100 ticks'
  • #9,710
  • Dec 9, 2018 12:15pm Dec 9, 2018 12:15pm
Quoting VEEFX
{quote} Hey Nick, Could I ask you to please share some good examples of how Demand and Thrust Bars visually look different on a chart? 2 or 3 examples of both long and short directional trades would be great. EDIT: Based on your quantified orderflow analysis but without the orderflow or number chart details. Just visual is what I am looking for. {image}
Hi V,

Bit of a busy week for me, but will put together a post sometime this week explaining the orderflow mechanics behind thrust bars and S/D bars.

N.
  • #9,711
  • Dec 9, 2018 12:49pm Dec 9, 2018 12:49pm
Quoting VEEFX
{quote} The only move I am able to consistently catch is towards my SL :-( I tried a bit today but no success at all. Same result as what shows in my market replay. I am at a point where i cannot try this style without a visual aid but regardless, I think I know why. It's not the setup (obviously). Being a breakout trader relying on momentum/speed, I am always thinking/expecting the opposite of what I am acting on.... if that makes sense. I will limit my posting here until I get some decent success Or find something that works for me. With that...
you'd be a better coach/analyst then a trader i think...
  • #9,712
  • Dec 10, 2018 8:40am Dec 10, 2018 8:40am
3850 pullback long +25
  • #9,713
  • Dec 10, 2018 8:43am Dec 10, 2018 8:43am
Quoting Divergence
3850 pullback long +25
snap top work
Become the casino
  • #9,714
  • Edited 9:01am Dec 10, 2018 8:49am | Edited 9:01am
Quoting Divergence
3850 pullback long +25
maybe not a valid setup but got my 25T in first attempt. Try it, get lucky, stop trading, enjoy the day.... got it! lol

EDIT: without auto move to BE
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 23 KB
Staying in my lane...
  • #9,715
  • Dec 10, 2018 9:00am Dec 10, 2018 9:00am
6602.00 pb +10
Become the casino
  • #9,716
  • Dec 10, 2018 9:12am Dec 10, 2018 9:12am
Quoting VEEFX
{quote} maybe not a valid setup but got my 25T in first attempt. Try it, get lucky, stop trading, enjoy the day.... got it! lol EDIT: without auto move to BE {image}
perfect that was my setup
  • #9,717
  • Dec 10, 2018 9:30am Dec 10, 2018 9:30am
took awhile but caught one at the buzzer a 123 break/demand area to go long at 14.75
  • #9,718
  • Dec 10, 2018 9:32am Dec 10, 2018 9:32am
+25 from the wick at 6613.75. Now up 49 with 4 trades.
  • #9,719
  • Dec 10, 2018 10:02am Dec 10, 2018 10:02am
S&P sinking and NQ getting pulled along . . ..
  • #9,720
  • Dec 10, 2018 11:48am Dec 10, 2018 11:48am
I have been asked what is my edge and I don't know if there is such a thing but I narrowed how I trade in a simple way. what I am looking for is a demand/supply bar ( thrust) bar and the context surrounding it. the first trade i took today context was pullback in uptrend. second was a 123 break demand area that's the whole enchilada of how I trade
6 traders viewing now