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Plan the Trade

  • #10,201
  • Jan 15, 2019 9:10am Jan 15, 2019 9:10am
+ 38 If only I'd left the last one run.

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'in less than half an hour he made over 100 ticks'
  • #10,202
  • Jan 15, 2019 9:20am Jan 15, 2019 9:20am
short 52.50 +26
  • #10,203
  • Jan 15, 2019 9:20am Jan 15, 2019 9:20am
well a +1 and just caught pullback at 51 got up 22 grabbed 15 not a great PA day for me
  • #10,204
  • Jan 15, 2019 9:23am Jan 15, 2019 9:23am
Quoting VEEFX
{quote} I have only read about Mandlebrot and that too recently from our buddy FracktalFreak. Same about Chaos theory as well last month. You got to remember, I never had access to any library until I left my tiny home town and became an adult and enrolled in college. Knowledge wise, I am just a 30 year old kid in a 51 yr old body :-
good lord lol. where was this "hometown" that didn't have library.
  • #10,205
  • Jan 15, 2019 9:42am Jan 15, 2019 9:42am
Zero trades yesterday.
Positive today. And stopping for the day.
  • #10,206
  • Jan 15, 2019 9:53am Jan 15, 2019 9:53am
grabbed a late one:

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Become the casino
  • #10,207
  • Jan 15, 2019 10:02am Jan 15, 2019 10:02am
First 30min was quite a run
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  • #10,208
  • Jan 15, 2019 10:12am Jan 15, 2019 10:12am
+26 with 3 trades. Not many clean setups and missed a nice one. Looks like market is waiting for the Brexit vote tonight.
  • #10,209
  • Jan 15, 2019 11:03am Jan 15, 2019 11:03am
She is THE "beast"

Edit: plan to run this model until NYSE close. As I stated earlier to magnum, performance decay will surely occur if I take on every buy/sell signal without any daily goal to flatten and call it a day. CrucialPoint is RIGHT about any system that trades every buy and sell signal will eventually fail. To tackle this, a daily or "session" goal might be the answer. not sure yet :-(
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Staying in my lane...
  • #10,210
  • Jan 15, 2019 11:27am Jan 15, 2019 11:27am
you were up this why continue? you trying to be rich in 1 day
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  • #10,211
  • Edited 12:25pm Jan 15, 2019 11:49am | Edited 12:25pm
Quoting Divergence
you were up this why continue? you trying to be rich in 1 day {image}
I will explain when I finalize my plan. You will like it (actually, I think all three of you/magnum/hilmy will like it) as it does involve all the essential elements that make up the market and can be traded at any tick upto 30 mins prior to market close as a starting point... and yes, pullbacks, momentum/breakout, fade, etc is all included in this simple, elegant and hopefully universal microstructure framework.

Just don't want to get too excited and then have to explain things why I changed etc. I have to let it play out, collect stats and then decide which "starting points with target goal" to chose from.

FYI: I have been excited in the past and they dont pan out hence the hesitation.

Edit: And just to say it, I focus on flaws and inconsistencies. Found another bug in trade activity log. I find it crucial to analyze stats by the hour.... to see what time of day and duration yields the best potential..... as stated in my recent post on "curve fitting" to CrucialPoint. it is essential element to my strategy development and quantitative data-based research process.
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Staying in my lane...
  • #10,212
  • Jan 16, 2019 8:51am Jan 16, 2019 8:51am
Strong push bullish there. Lol
  • #10,213
  • Jan 16, 2019 9:51am Jan 16, 2019 9:51am
Done and positive for the day.
  • #10,214
  • Jan 16, 2019 10:02am Jan 16, 2019 10:02am
-17 impossible for me, could have been a lot worse.
'in less than half an hour he made over 100 ticks'
  • #10,215
  • Jan 16, 2019 10:20am Jan 16, 2019 10:20am
Only a couple of ticks but very valuable session for my process. Unlucky with 2 BO trades, both hit my moved SL for a couple of ticks then took off for more than 80 ticks each.
  • #10,216
  • Jan 16, 2019 10:40am Jan 16, 2019 10:40am
Quoting VEEFX
{quote} Tight SLs and breakouts don't go well together...unless you hammer the Source of the move at the very beginning. You may get it wrong couple of times but if you hit the jackpot, just trail the sucker until it lasts my session log from today here
Yeah, already made some adjustments for breakout trades. Still it was great to see the trades work out as anticipated.

You did well today!
  • #10,217
  • Jan 16, 2019 11:48am Jan 16, 2019 11:48am
I am coming around to Harolds view that the Nas could be a traders one stop shop ! Albeit this was one of the non whippy trades -otherwise one could wait awhile until price finished it initial wild swing from the off.
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every Saint has a past. Every Sinner has a Future
  • #10,218
  • Jan 16, 2019 4:54pm Jan 16, 2019 4:54pm
Quoting VEEFX
{quote} Pardon my 2 cents as this probably should go in my thread...Adjustments are not enough when it comes to breakouts imo. . {image}
If a small adjustment to my plan/settings allow my breakout trades to hit my predefined target it is enough for me

Looking at your examples you seem to have a different interpretation of breakouts. I'm looking for breakouts from Rally-Base/Drop-Base movements, for example 5 minutes into today's session there was a great Rally-Base-Rally. The move you highlighted I don't see as a breakout but as price hitting a demand zone followed by a trend change/rally.
  • #10,219
  • Jan 17, 2019 5:01am Jan 17, 2019 5:01am
Quoting turnip15
I am coming around to Harolds view that the Nas could be a traders one stop shop ! Albeit this was one of the non whippy trades -otherwise one could wait awhile until price finished it initial wild swing from the off. {image}
..UK morning sessions providing opportunities too.
  • #10,220
  • Jan 17, 2019 8:41am Jan 17, 2019 8:41am
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