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Plan the Trade

  • #10,541
  • Feb 5, 2019 10:20am Feb 5, 2019 10:20am
I don't know what it is, but whenever I come late to this shit, nothing works how I expect it to. No fills, near misses stops taken out.

It's probably just an experience thing (or fatigue), but I'd rather just try and get in done in the hour if at all possible.

Makes you wonder if its harder to manipulate at the start.
'in less than half an hour he made over 100 ticks'
  • #10,542
  • Feb 5, 2019 11:58am Feb 5, 2019 11:58am
YM Today

1st hour was slow. Targets were reduced in the beginning. Eventually price made its way out of the range and started moving so i let them run a bit more. Trump's talking at 9p so i figured things wouldn't really move too much until then.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 2019.02.05.PNG Size: 87 KB


Total Targets +97t
3 x -10t = -30t

net 67t x $5 = $335

$3.86rt * 8 = -$31.68

Net +$303.32 for the day.
  • #10,543
  • Feb 5, 2019 12:00pm Feb 5, 2019 12:00pm
Quoting LookinGood
...Trump's talking at 9p so i figured things wouldn't really move too much until then....
And it tanks on the 1 min as i post. This is why i'm not a forecaster.
  • #10,544
  • Feb 5, 2019 12:18pm Feb 5, 2019 12:18pm
Today, in terms of clean pullbacks, nasdaq took the cake. Dow was a little less clear.
  • #10,545
  • Feb 5, 2019 12:31pm Feb 5, 2019 12:31pm
Quoting LookinGood
Today, in terms of clean pullbacks, nasdaq took the cake. Dow was a little less clear.
interesting setups you take. it looks like s and r and breakouts
  • #10,546
  • Feb 5, 2019 1:14pm Feb 5, 2019 1:14pm
Quoting LookinGood
YM Today 1st hour was slow. Targets were reduced in the beginning. Eventually price made its way out of the range and started moving so i let them run a bit more. Trump's talking at 9p so i figured things wouldn't really move too much until then. {image} Total Targets +97t 3 x -10t = -30t net 67t x $5 = $335 $3.86rt * 8 = -$31.68 Net +$303.32 for the day.
Good stuff LG
  • #10,547
  • Feb 5, 2019 1:37pm Feb 5, 2019 1:37pm
Looks like 7021/2 level on NQ is holding for now . . .

Lots of people talk about trading CL, whats the draw there? Looks like same goals could be accomplished with NQ? Is it correlation to another market that draws people to trade it?
  • #10,548
  • Feb 5, 2019 2:11pm Feb 5, 2019 2:11pm
Quoting Divergence
{quote} interesting setups you take. it looks like s and r and breakouts
Breakout and entry on the pullback. This is one of the things i was doing on EU. Now live testing it on the Dow, been on a good streak. In testing, i was getting on avg 2.6 50 tick days for every for every 1 -30 tick day. So i'm still waiting for my losers, i won't up the lots until i see a good loss or two.

I'm lookin to do 2b breaks but i don't see em as clear on the 1min (can't find a broker that gives less than 1min charts on the web based plat).
  • #10,549
  • Feb 5, 2019 2:12pm Feb 5, 2019 2:12pm
Quoting bapakjason
Looks like 7021/2 level on NQ is holding for now . . . Lots of people talk about trading CL, whats the draw there? Looks like same goals could be accomplished with NQ? Is it correlation to another market that draws people to trade it?
everyone have different ideas but nq moves best and so does ym
  • #10,550
  • Feb 5, 2019 2:12pm Feb 5, 2019 2:12pm
Quoting bapakjason
Looks like 7021/2 level on NQ is holding for now . . . Lots of people talk about trading CL, whats the draw there? Looks like same goals could be accomplished with NQ? Is it correlation to another market that draws people to trade it?
cause it sounds sexy when you say you trade oil..


trader 1: what do you trade?
trader 2: i trade emini nasdaq. what about you?
trader 1: i trade OIL!
trader 2: oh wow..you're hot
trader 3: i trade emini s&P
trader 1&2: we don't give a shit...
  • #10,551
  • Feb 5, 2019 2:14pm Feb 5, 2019 2:14pm
Quoting LookinGood
{quote} Breakout and entry on the pullback. This is one of the things i was doing on EU. Now live testing it on the Dow, been on a good streak. In testing, i was getting on avg 2.6 50 tick days for every for every 1 -30 tick day. So i'm still waiting for my losers, i won't up the lots until i see a good loss or two. I'm lookin to do 2b breaks but i don't see em as clear on the 1min (can't find a broker that gives less than 1min charts on the web based plat).
try 133 tick charts
  • #10,552
  • Feb 5, 2019 2:22pm Feb 5, 2019 2:22pm
Quoting Divergence
{quote} try 133 tick charts
will do
  • #10,553
  • Feb 5, 2019 2:36pm Feb 5, 2019 2:36pm
Quoting hilmy83
{quote} cause it sounds sexy when you say you trade oil.. trader 1: what do you trade? trader 2: i trade emini nasdaq. what about you? trader 1: i trade OIL! trader 2: oh wow..you're hot trader 3: i trade emini s&P trader 1&2: we don't give a shit...
Lol
Seems about right
  • #10,554
  • Feb 5, 2019 3:20pm Feb 5, 2019 3:20pm
Quoting bapakjason
Looks like 7021/2 level on NQ is holding for now . . . Lots of people talk about trading CL, whats the draw there? Looks like same goals could be accomplished with NQ? Is it correlation to another market that draws people to trade it?
There are some extreeme moves on oil sometimes very volitily often jumps your stops and can blow your account in a heartbeat so i would be careful but at the sametime you can make killing if you are on the right side of the volitility,by senior futures traders oil goes bye the name:The "Widowmaker"
Insanityoing same ting over expecting different results..Einstein
  • #10,555
  • Feb 5, 2019 3:27pm Feb 5, 2019 3:27pm
But the NQ is the BEAST
  • #10,556
  • Feb 5, 2019 6:07pm Feb 5, 2019 6:07pm
how did you do today Harold?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #10,557
  • Feb 5, 2019 7:06pm Feb 5, 2019 7:06pm
Quoting capstone
how did you do today Harold?
couple of +2s and 1 +25 been noticing when you have a setup and it goes down or up and makes 2 HH or LL its a solid setup
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.png Size: 140 KB
Click to Enlarge Name: 3.png Size: 152 KB
  • #10,558
  • Feb 6, 2019 1:39am Feb 6, 2019 1:39am
Quoting bapakjason
Looks like 7021/2 level on NQ is holding for now . . . Lots of people talk about trading CL, whats the draw there? Looks like same goals could be accomplished with NQ? Is it correlation to another market that draws people to trade it?
With oil there’s more information to analyze. You’ve got calendar spreads (front month vs back months) to see demand, dollar strength against the euro(oil is price in dollars) and other things to get a feel for if it’s cheap or expensive.

NQ is like the tip of the economic iceberg it seems. Hard to find leading indicators for it. Plus it seems like a HFT playground so volume analysis is sub par as well.

Just gotta read that PA.
  • #10,559
  • Feb 6, 2019 8:06am Feb 6, 2019 8:06am
..trialing one of the "Become a Funded Trader" options today..lots of mixed reviews on these outfits but i won't know until giving them a go.
  • #10,560
  • Feb 6, 2019 8:55am Feb 6, 2019 8:55am
there was nice supply at 35
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