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Plan the Trade

  • #10,141
  • Jan 11, 2019 9:09am Jan 11, 2019 9:09am
long 94.75
  • #10,142
  • Jan 11, 2019 9:30am Jan 11, 2019 9:30am
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  • #10,143
  • Jan 11, 2019 9:44am Jan 11, 2019 9:44am
I got 16ticks coming up long from the demand at around the session's low. Entry was a bit early but fortunately worked. I am calling it a week. All in all a really good week for me.
  • #10,144
  • Jan 11, 2019 9:48am Jan 11, 2019 9:48am
Quoting bapakjason
I got 16ticks coming up long from the demand at around the session's low. Entry was a bit early but fortunately worked. I am calling it a week. All in all a really good week for me.
that was the 123 right
  • #10,145
  • Jan 11, 2019 11:05am Jan 11, 2019 11:05am
Quite pleased with today's session, bit to many trades (10) but ended with +73. 4 wins, 5 BE's and one loss.

Today I used a 1 min line chart on my second screen as visual aid and focussed more on the area's where price turned and showed strong moves. Using these areas as entry and targets on the 30s chart when PA looked good (thrust bars, clean moves). Need to tweak my SL settinga a bit to allow the trade more room to work out as several BE's moved to the target area after hitting BE. Guess it will be a weekend looking at old charts
  • #10,146
  • Jan 11, 2019 11:38am Jan 11, 2019 11:38am
here's another div signal:

Attached Image (click to enlarge)
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Become the casino
  • #10,147
  • Jan 11, 2019 11:39am Jan 11, 2019 11:39am
it's a bit like a poke bar
Become the casino
  • #10,148
  • Jan 11, 2019 11:43am Jan 11, 2019 11:43am
maybe that's a good strategy .. trade whichever instrument gives the poke bar .. will investigate
Become the casino
  • #10,149
  • Jan 11, 2019 11:43am Jan 11, 2019 11:43am
anyone know how much a tick for ym is?
Become the casino
  • #10,150
  • Jan 11, 2019 11:47am Jan 11, 2019 11:47am
Quoting erasmus66
anyone know how much a tick for ym is?
$5
  • #10,151
  • Jan 11, 2019 1:49pm Jan 11, 2019 1:49pm
Quoting tomd
{quote} $5
thanks Tom
Become the casino
  • #10,152
  • Jan 11, 2019 1:55pm Jan 11, 2019 1:55pm
Quoting bapakjason
I got 16ticks coming up long from the demand at around the session's low. Entry was a bit early but fortunately worked. I am calling it a week. All in all a really good week for me.
Hi,
Can you please post the chart with the entries? It would be helpful for many of us.
  • #10,153
  • Jan 11, 2019 8:18pm Jan 11, 2019 8:18pm
Quoting bluejack
{quote} Hi, Can you please post the chart with the entries? It would be helpful for many of us.
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  • #10,154
  • Jan 11, 2019 8:43pm Jan 11, 2019 8:43pm
Quoting bapakjason
{quote} {image}
that's a perfect example. Thank You!
  • #10,155
  • Jan 12, 2019 12:15pm Jan 12, 2019 12:15pm
what interesting about the using of 2 markets to find divergence the pattern is either a 123 or 2b setup either my 2b or trader vics
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  • #10,156
  • Jan 12, 2019 3:12pm Jan 12, 2019 3:12pm
Quoting Divergence
what interesting about the using of 2 markets to find divergence the pattern is either a 123 or 2b setup either my 2b or trader vics {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Excellent examples -thanks for taking the time to share. Great charts to pore over.
every Saint has a past. Every Sinner has a Future
  • #10,157
  • Jan 12, 2019 3:19pm Jan 12, 2019 3:19pm
the bottom market is the emini Dow symbol ymh9 I think market divergence is more accurate than indicator divergence since the markets move in the same direction
  • #10,158
  • Jan 12, 2019 4:01pm Jan 12, 2019 4:01pm
Quoting Divergence
the bottom market is the emini Dow symbol ymh9 I think market divergence is more accurate than indicator divergence since the markets move in the same direction
does one consistently lead the other? I haven't looked at YM but ES leads NQ to a certain extent at a micro-tick level so probably good for directional bias instead of leading indicator. For now, I am staying out of correlations until all the constants are defined in my plan.
Staying in my lane...
  • #10,159
  • Jan 12, 2019 4:33pm Jan 12, 2019 4:33pm
Quoting VEEFX
{quote} does one consistently lead the other? I haven't looked at YM but ES leads NQ to a certain extent at a micro-tick level so probably good for directional bias instead of leading indicator. For now, I am staying out of correlations until all the constants are defined in my plan.
ym es nq all go the same way they take turns leading but that's irrelevant plotting 1 vs the other finds the anamoly of divergence
  • #10,160
  • Jan 13, 2019 9:58am Jan 13, 2019 9:58am
Inserted Video

This is good for those interested in Sierra Chart. You can basically do whatever you want with it. And, its a fast platform.
Edit: and as Baymax showed with the study he gave us here, you dont need to pay for the number bars study to get most of the info and use it in different ways because the platform tracks bid/ask volume anyway and uses it on other free studies (for those with AMP).
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