Plan the Trade | Page 531 | 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

  • #10,601
  • Feb 8, 2019 7:14am Feb 8, 2019 7:14am
Just did touch and fill me here . . . Not many happen like that
Attached Image (click to enlarge)
Click to Enlarge Name: just filled-1.PNG Size: 92 KB
  • #10,602
  • Feb 8, 2019 7:30am Feb 8, 2019 7:30am
1st chart is with the show executions arrow from tradingview. Not enough detail and too cluttery for my tastes.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 2019.02.08 exec.PNG Size: 70 KB


I prefer the 2nd chart. Nice and clean
Closed the last 2 early. 1 was too early and the other was perfect early. If i held them both it would have been +30 -10 instead of +16 +25. Worked out.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 2019.02.08.PNG Size: 71 KB


Total Targets +71t
Total Stops -20t

Net + 51t * 5 = +$255
$3.86rt * 5 = -$19.30

Net +$235.70 for the Day
  • #10,603
  • Feb 8, 2019 7:36am Feb 8, 2019 7:36am
Quoting bapakjason
Just did touch and fill me here . . . Not many happen like that {image}
in the middle of your chart I took 2b break then 123 break then at end of chart 123 break pullback
  • #10,604
  • Feb 8, 2019 8:06am Feb 8, 2019 8:06am
nice work guys .. here's my day:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
Become the casino
  • #10,605
  • Feb 8, 2019 8:10am Feb 8, 2019 8:10am
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
Become the casino
  • #10,606
  • Feb 8, 2019 8:21am Feb 8, 2019 8:21am
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
know your risk it's only 60 for a loss but 130 for a win
  • #10,607
  • Feb 8, 2019 8:28am Feb 8, 2019 8:28am
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
just purchase this. you'd be fine...

https://www.amazon.com/Balls-Steel-W...69756367&psc=1
  • #10,608
  • Feb 8, 2019 8:32am Feb 8, 2019 8:32am
+49 11 trades. There were some losers in there which was me twatting about.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-02-08 at 17.29.18.png Size: 42 KB
'in less than half an hour he made over 100 ticks'
  • #10,609
  • Feb 8, 2019 8:41am Feb 8, 2019 8:41am
I am stopping with my little 16tick winner. Positive day, positive week.
  • #10,610
  • Feb 8, 2019 8:42am Feb 8, 2019 8:42am
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
For certain, we all deal with this at different levels.
  • #10,611
  • Feb 8, 2019 3:03pm Feb 8, 2019 3:03pm
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
Try again Monday. Some things can't be reasoned past. Just gotta do it. At some point you'll feel silly from missing all that money and you'll just put on a trade.

Once you go live that's the next step of development. Live trading is a whole different ball game. You'll learn things about yourself you never knew.
  • #10,612
  • Feb 9, 2019 1:19am Feb 9, 2019 1:19am
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
Ask yourself why you froze. I personally think it boils down to fear. I am in that same phase right now, shifting from demo to live on the NQ. Fear of losing, fear of being wrong, being late, fear of missing out, fears about a million things and it really comes down to accepting the emotions you have and change your perspective and expectations. If your trading edge is solid and if you predetermine your risk before entering a trade, you have to execute. Accept the fact that some trades will not work out, but over a series of trades, you will be profitable. Becoming a trader that trades from a carefree state of mind takes time.
  • #10,613
  • Edited 2:47am Feb 9, 2019 1:51am | Edited 2:47am
Quoting erasmus66
tried to go live today .. completely froze and couldn't put any trades on .. went back to sim and everything was fine .. any ideas how to get past this
Tough question to answer because it depends on your own life experiences in the past and how you deal with failure. It's easy to talk about self help guru's and all of these coaching and training courses, but at the root of it if you (alone) are motivated and really honest with yourself you will find a way. All it needs is for you to be introduced to that little spark of an idea and your subconscious will build on it.

Only you can sell it to yourself because really, only you know how. How can you feed your subconscious with the right fuel? Bizarrely, in the same way you feed your own worries (and we know how that those can crush a person).

Here is an example, look at the emotional response from these questions:

'Look at the time I've spent learning this shit, and I'm still losing more than I make'

vs

'I'm so close I can taste the money, there is a list of people I'm gonna give the finger to who doubted me'.

One closes you down, the other drives you. What questions can you ask yourself?:

a) before you go live
b) when you are live and there is a loss
c) when there are successes and you are building on them

Can't remember what film it was when someone said 'fortune favours the prepared mind'...

We spend so much time reading the charts, and it is easy to become silo'd when it comes to working out how manage our emotions. It doesn't matter how smart a person is, without that emotional control their talent will always struggle to reach its potential.

Now, those questions...

https://seths.blog/2010/01/quieting-the-lizard-brain/
'in less than half an hour he made over 100 ticks'
  • #10,614
  • Feb 9, 2019 9:49am Feb 9, 2019 9:49am
I have said this before our emotions are attached to our money. The question is how to get them unattached? whatever venture we set out to do don't we do research to see if it's viable and does it prove to be consistent in it's results. in trading we first come up with a strategy them we research it and it proves to be consistent in it's results we then demo it. If our demoing proves that the trader is able to execute the Strat that's is called evidence. That is the key to control and detach our money from our emotions EVIDENCE!!!
  • #10,615
  • Feb 9, 2019 11:34am Feb 9, 2019 11:34am
Quoting Divergence
I have said this before our emotions are attached to our money. The question is how to get them unattached? whatever venture we set out to do don't we do research to see if it's viable and does it prove to be consistent in it's results. in trading we first come up with a strategy them we research it and it proves to be consistent in it's results we then demo it. If our demoing proves that the trader is able to execute the Strat that's is called evidence. That is the key to control and detach our money from our emotions EVIDENCE!!!
I disagree.

I have detached myself from my money. The result: I have caught myself treating my money as if it was demo money. Meh, it's only money... I can deposit more.
Now i am trying to attach my emotions back to my money and treat it like it really really matters and things are getting better. I am a protector now. Maybe you haven't gone full circle before. Maybe you will find out for yourself one day that it is okay to attach feelings and emotions to your money. After all, you wouldn't risk your life and the ones you love on dangerous things as if your emotions weren't attache to them. Would you? If you would, then maybe you should try your hand at dictatorship positions when they come up around the world.
  • #10,616
  • Feb 9, 2019 12:03pm Feb 9, 2019 12:03pm
it's interesting how someone comes in the middle of a conversation and disagree with the conversation lol. The question is why am I afraid to trade live and overcome the fears thanks but no thanks
  • #10,617
  • Feb 9, 2019 12:13pm Feb 9, 2019 12:13pm
Quoting Divergence
it's interesting how someone comes in the middle of a conversation and disagree with the conversation lol. The question is why am I afraid to trade live and overcome the fears thanks but no thanks
Oh, pardon me. I didn't know only people who have been around since the beginning of the thread were allowed to comment.
Comment still stands.
You want to detach yourself from your money? Get an EA, put it on VPS and look at it once a year.
  • #10,618
  • Feb 9, 2019 12:27pm Feb 9, 2019 12:27pm
Quoting OutThere
{quote} Oh, pardon me. I didn't know only people who have been around since the beginning of the thread were allowed to comment. Comment still stands. You want to detach yourself from your money? Get an EA, put it on VPS and look at it once a year.
comments are always welcome unfortunately you miss the point if you trade a demo and succeed but are afraid to trade live you emotion of fear to lose money will stop you from making money was and is the point
  • #10,619
  • Feb 9, 2019 12:42pm Feb 9, 2019 12:42pm
Quoting Divergence
{quote} comments are always welcome unfortunately you miss the point if you trade a demo and succeed but are afraid to trade live you emotion of fear to lose money will stop you from making money was and is the point
Well, in that case, I suggest trading a cent account with small money. Just trying to be practical here. In one of my accounts I am trading $20 in a cent account and have made it to $28 in a couple of weeks and I am applying every possible trick of the trade to it. It didn't have to be a huge account to have strategies applied to it. All I have to do is scale it up if I want to...or nah, I will just grow it as is. My dinner last night cost more than that. Was I afraid to eat dinner? No. Get a cent account and unleash your emotions or lack of onto it. You never know...
  • #10,620
  • Feb 9, 2019 12:48pm Feb 9, 2019 12:48pm
well if you read any on this thread we don't trade forex but the futures market and every tick(pip in fx lingo) is 5.00 a tick for 1 lot that's a minimum with a 12 tick stop your risk is 60 and that's the point I was addressing to the trader
8 traders viewing now