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Plan the Trade

  • #11,101
  • Mar 11, 2019 11:43am Mar 11, 2019 11:43am
Quoting Divergence
123 breaks at top or bottom of the trend are by nature reversals then there are the 123s that get you back into the trend that 80% number is based on different variables but whatever they work for me and that's all that matters
yep... which 123 ones are more successful Harold? the reversals or back into the trend? is there a preference?
Staying in my lane...
  • #11,102
  • Mar 11, 2019 11:45am Mar 11, 2019 11:45am
Quoting VEEFX
{quote} forgot to add... kindly give an example of overlapping bars to clarify what you mean.
Please tell me you didn't just ask that
'in less than half an hour he made over 100 ticks'
  • #11,103
  • Mar 11, 2019 11:48am Mar 11, 2019 11:48am
Quoting VEEFX
{quote} yep... which 123 ones are more successful Harold? the reversals or back into the trend? is there a preference?
I take them both they both produce profit I don't keep stats on what wins more the whole of what I do wins 80+% so i just put them on based on probabilty
  • #11,104
  • Mar 11, 2019 11:58am Mar 11, 2019 11:58am
trend clearly up 2b followed by 123 break pullback
Attached Image (click to enlarge)
Click to Enlarge Name: 1552323412470.png Size: 34 KB
  • #11,105
  • Mar 11, 2019 12:05pm Mar 11, 2019 12:05pm
Quoting Divergence
and why can't one scalp a swing?

Not sure if this was directed to me or not, but you can. I was just using the word "scalp" to differentiate between holding for longer term trades. Basically, for me, I consider myself a scalper, because I don't hold anything overnight. Some trade are 30 seconds some are 30 minutes. Just depends what my target is. I've never done any stats either. So as far as the 80% figure, I'll take his word for it.
  • #11,106
  • Mar 11, 2019 12:07pm Mar 11, 2019 12:07pm
I am a scalper also my trades usually don't last longer than 1 1/2 minutes
  • #11,107
  • Mar 11, 2019 12:08pm Mar 11, 2019 12:08pm
Quoting VEEFX
{quote} forgot to add... kindly give an example of overlapping bars to clarify what you mean.
I’m on the go and on the road ... closed up for the day at noon. I’ll post a pic and answer later tonight.
  • #11,108
  • Mar 11, 2019 12:12pm Mar 11, 2019 12:12pm
Quoting Divergence
and why can't one scalp a swing?
A scalp is quick trade, with entry and exit withi a few bars of one another. A swing trade is held for a longer duration and for a larger extent. We both scalp within a swing ... that is the nature scalping. A swing trader probably would be long from the gap open and thus far no reason to close the trade.

semantics ...
  • #11,109
  • Mar 11, 2019 12:16pm Mar 11, 2019 12:16pm
Quoting ddaytrader
{quote} A scalp is quick trade, with entry and exit withi a few bars of one another. A swing trade is held for a longer duration and for a larger extent. We both scalp within a swing ... that is the nature scalping. A swing trader probably would be long from the gap open and thus far no reason to close the trade. semantics ...
yep we are on same page our swings are micro to there macro
  • #11,110
  • Mar 11, 2019 12:27pm Mar 11, 2019 12:27pm
Quoting onejester
{quote} Please tell me you didn't just ask that
I did... as he is a "bar by bar" trader, it is important to understand what he means. I know the definition of what an overlapping bar is :-
Staying in my lane...
  • #11,111
  • Mar 11, 2019 12:30pm Mar 11, 2019 12:30pm
i guess CME is trying to gain market share from the bucket shops otc market.

market for the peasants the way i see it...

hey at least you're trading with a regulated data..

well bring your $100 accounts and trade the emicro NQ ...

$1.25 per tick on the emicro sp ..lol..wtf

https://activetrader.cmegroup.com/mi...il_prelaunch_1
  • #11,112
  • Mar 11, 2019 12:57pm Mar 11, 2019 12:57pm
Quoting hilmy83
i guess CME is trying to gain market share from the bucket shops otc market. market for the peasants the way i see it... hey at least you're trading with a regulated data.. well bring your $100 accounts and trade the emicro NQ ... $1.25 per tick on the emicro sp ..lol..wtf https://activetrader.cmegroup.com/mi...il_prelaunch_1
Its a big market. Commission will probably 1/5th the regular. Big profits to be made.
  • #11,113
  • Mar 11, 2019 1:11pm Mar 11, 2019 1:11pm
nice move by cme. It will also help those struggling to put on trades the monetary risk will be less and it will help
  • #11,114
  • Mar 11, 2019 1:15pm Mar 11, 2019 1:15pm
Quoting LookinGood
{quote} Its a big market. Commission will probably 1/5th the regular. Big profits to be made.
no self respecting professional will trade these emicros, unless of course they're trying to corner the market (putting 1000 size orders to scare the fishes..)

this is equivalent to playing poker at the micro stakes table

can't imagine the kinds of price action you'll see in these charts lol
  • #11,115
  • Mar 11, 2019 1:15pm Mar 11, 2019 1:15pm
Quoting hilmy83
i guess CME is trying to gain market share from the bucket shops otc market. market for the peasants the way i see it... hey at least you're trading with a regulated data.. well bring your $100 accounts and trade the emicro NQ ... $1.25 per tick on the emicro sp ..lol..wtf https://activetrader.cmegroup.com/mi...il_prelaunch_1
this is good news.. instead of trading cfds with forex brokers, many can trade the futures.. dow cfd spread is 3 points minimum.
  • #11,116
  • Mar 11, 2019 1:17pm Mar 11, 2019 1:17pm
Quoting Divergence
nice move by cme. It will also help those struggling to put on trades the monetary risk will be less and it will help
Amen..!
  • #11,117
  • Mar 11, 2019 1:23pm Mar 11, 2019 1:23pm
Quoting hilmy83
{quote} no self respecting professional will trade these emicros, unless of course they're trying to corner the market (putting 1000 size orders to scare the fishes..) this is equivalent to playing poker at the micro stakes table can't imagine the kinds of price action you'll see in these charts lol
I really meant big profits for CME.

Contract size is 1/10th the original.
Commission will most likely be 1/5th the original (if it follows currency futures)

That's effectively charging 2 times the commission. Even if they get 10% of the volume of the original contract, that's a 20% gain in revenue.

But to Divs point, this will allow people to scale into going live better.
  • #11,118
  • Mar 11, 2019 1:37pm Mar 11, 2019 1:37pm
Quoting LookinGood
{quote} I really meant big profits for CME. Contract size is 1/10th the original. Commission will most likely be 1/5th the original (if it follows currency futures) That's effectively charging 2 times the commission. Even if they get 10% of the volume of the original contract, that's a 20% gain in revenue. But to Divs point, this will allow people to scale into going live better.
agree. US forex market should be dead soon. i'd say give it another 5 years..then US would ban otc fx all together..

non of these cfd shenanigans either..

trade with other traders...that's how it's done.
  • #11,119
  • Mar 11, 2019 1:39pm Mar 11, 2019 1:39pm
and this thing is still pushing...

god i love this NQ man..like borderline sexual attraction..
  • #11,120
  • Mar 11, 2019 1:41pm Mar 11, 2019 1:41pm
Quoting VEEFX
{quote} I did... as he is a "bar by bar" trader, it is important to understand what he means. I know the definition of what an overlapping bar is :-
ok

https://www.forexfactory.com/showthr...7#post12088337
'in less than half an hour he made over 100 ticks'
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