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Plan the Trade

  • #10,581
  • Feb 7, 2019 9:48am Feb 7, 2019 9:48am
Quoting LookinGood
{quote} On the second trade, i was setting the limit order but i pressed market instead and ended up in. Silly me, didn't immediately close, waited 4 seconds for a lucky spike but then came to my senses and closed at -2t. Lucky. 2nd trade was a loss, but during that trade i had to concentrate on staying sensible after the prior fumble. Did a little relaxation breathing. If i didn't do that, i wouldn't have entered the third trade. {image} Total Targets +83t Total Stops -20t Manual Error -2t Net +61t * $5 = $305 $3.86 * 6 = -$23.16 Net +$281.84 For...
pardon the pun but your LOOKINGOOD
  • #10,582
  • Feb 7, 2019 9:49am Feb 7, 2019 9:49am
Quoting hilmy83
{quote} calming tips... https://www.youtube.com/watch?v=wM6exo00T5I&t=249s
Lmao Classic
  • #10,583
  • Feb 7, 2019 10:07am Feb 7, 2019 10:07am
Quoting LookinGood
{image} Total Targets +75t Total Stops -30t Net +45t * $5 = $225 $3.86 * 6rt = -$23.16 Net +$201.84 for the day
nice consistent results LG.. Inspiring..! Are you a full time trader?
  • #10,584
  • Feb 7, 2019 10:21am Feb 7, 2019 10:21am
Quoting bluejack
{quote} nice consistent results LG.. Inspiring..! Are you a full time trader?
No, i work too. But, i do pre market preps, post market reviews, and i test out ideas that i get in the afternoon when i get the time.
  • #10,585
  • Feb 7, 2019 10:26am Feb 7, 2019 10:26am
look at that offer at 6900...

Attached Image


Quoting hilmy83
look at that offer at 6900... {image}
and out..lol
  • #10,586
  • Feb 7, 2019 10:28am Feb 7, 2019 10:28am
Quoting LookinGood
{quote} No, i work too. But, i do pre market preps, post market reviews, and i test out ideas that i get in the afternoon when i get the time.
if your income from trading pays the bills..i'd say you're a full time trader.

who says you can't work and be a full time trader?

you just happen to have 2 full time jobs lol
  • #10,587
  • Feb 7, 2019 10:38am Feb 7, 2019 10:38am
Quoting hilmy83
{quote} if your income from trading pays the bills..i'd say you're a full time trader. who says you can't work and be a full time trader? you just happen to have 2 full time jobs lol
true
  • #10,588
  • Feb 7, 2019 10:44am Feb 7, 2019 10:44am
i think the term full time trader is a misnomer your either trading live to make money or your not
  • #10,589
  • Feb 7, 2019 10:46am Feb 7, 2019 10:46am
Quoting Divergence
i think the term full time trader is a misnomer your either trading live to make money or your not
true true. money is the only metric that matters. not hung up on "title"...
  • #10,590
  • Feb 7, 2019 11:05am Feb 7, 2019 11:05am
Quoting LookinGood
{quote} No, i work too. But, i do pre market preps, post market reviews, and i test out ideas that i get in the afternoon when i get the time.
I have been testing YM CFD for sometime and feels that I can read it better than NQ. But the crazy spread at times doesn't help. Looking forward to trade the YM futures in short time after testing well enough. Thank you for taking time and sharing your trades and results, can't appreciate enough!
  • #10,591
  • Feb 7, 2019 11:12am Feb 7, 2019 11:12am
Quoting Divergence
i think the term full time trader is a misnomer your either trading live to make money or your not
Exactly. I am retired and trade a couple of hours over a few days to make additional cash. I am not trying to pay mortgages or food bills or house running costs.
But I use a one minute chart which is why I will not post here regularly to avoid confusion or contagion of H posts.
( UK time)
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every Saint has a past. Every Sinner has a Future
  • #10,592
  • Feb 7, 2019 11:25am Feb 7, 2019 11:25am
Quoting turnip15
{quote} Exactly. I am retired and trade a couple of hours over a few days to make additional cash. I am not trying to pay mortgages or food bills or house running costs. But I use a one minute chart which is why I will not post here regularly to avoid confusion or contagion of H posts. ( UK time) {image}
the cats of aoshima do not approve of that ichimoku cloud indicator..

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  • #10,593
  • Edited 11:51am Feb 7, 2019 11:33am | Edited 11:51am
Quoting bluejack
{quote} I have been testing YM CFD for sometime and feels that I can read it better than NQ. But the crazy spread at times doesn't help. Looking forward to trade the YM futures in short time after testing well enough. Thank you for taking time and sharing your trades and results, can't appreciate enough!
Well if your gonna say all that i might as well tell ya these things. This is not everything but they are some things to consider..

I noticed from 9:30a to 10:00a, its a little less predictable. May get stops hit more often. This is just a feeling, i could be wrong, that needs some review.
Sometimes price gets caught in a range so i lower the targets to the top or bottom of that range. I'll sometimes wait to see what price does when it gets there before i take the TP. Other times i'll just take it at the edge of these ranges.
Some days, price just runs away in one direction. I feel like this happens more after 10a or so. Because of this i will let my trades go to the full tp even if price is still in a range sometimes.
I put up lines for places where i think price will reverse if revisited from the overnight session and the days prior. I try to keep this to a minimum.
I'm an advocate of BRNs (big round numbers 100, 200, 300, etc..). Not only do i look at price in relation to the 100 BRNs on the YM, i also look at it in relation to the BRNs on the DJI.

Edit: cleared up

Honestly, my whole goal is to try to get in at places where a small stop is less likely to get hit before going to the target. Not even a directional thing.
If i was trading with a direction in mind, i'd probably trade more like Hilmy, with much larger stops and a focus on the overall movement.
  • #10,594
  • Feb 7, 2019 1:05pm Feb 7, 2019 1:05pm
Quoting hilmy83
{quote} the cats of aoshima do not approve of that ichimoku cloud indicator.. {image}
Hah! - I'll throw them a red herring

Seriously - I won't post Ichi charts on here again to avoid annoyance to regular posters.
every Saint has a past. Every Sinner has a Future
  • #10,595
  • Feb 7, 2019 2:31pm Feb 7, 2019 2:31pm
Quoting hilmy83
{quote} the cats of aoshima do not approve of that ichimoku cloud indicator.. {image}
I see you pay attention to detail lol
  • #10,596
  • Feb 7, 2019 7:41pm Feb 7, 2019 7:41pm
Had some time to trade after doing my taxes today, ended up 23.5 points two longs were winners one short took a three point loss, basically using lower highs for shorts and higher lows for longs with my target being the last swing high
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  • #10,597
  • Feb 7, 2019 10:09pm Feb 7, 2019 10:09pm
the algos were playing nice with the poc's that formed during the range that built up in the morning
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  • #10,598
  • Feb 8, 2019 8:47am Feb 8, 2019 8:47am
So which of you has been piling ( Long) into this?
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every Saint has a past. Every Sinner has a Future
  • #10,599
  • Feb 8, 2019 9:01am Feb 8, 2019 9:01am
Calling it early today. Traded from home, got my 3 wins
  • #10,600
  • Feb 8, 2019 9:02am Feb 8, 2019 9:02am
Quoting LookinGood
Calling it early today. Traded from home, got my 3 wins
Quick work for you. Nice week.
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