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Plan the Trade

  • #11,181
  • Mar 14, 2019 8:24am Mar 14, 2019 8:24am
Quoting Divergence
{quote} yep taking only 123 trades for 12 gimmee ticks

I know you have probably done it a bunch of times in the past, divergence, but for those of us late to the thread, could you post a screen pic of the YM trade you take and tell us about any rules you use, e.g. timing, money management, etc. Thanks!
  • #11,182
  • Mar 14, 2019 8:39am Mar 14, 2019 8:39am
Quoting ddaytrader
{quote} I know you have probably done it a bunch of times in the past, divergence, but for those of us late to the thread, could you post a screen pic of the YM trade you take and tell us about any rules you use, e.g. timing, money management, etc. Thanks!
It's just a 123 pattern at end of a trend. you wait till it takes out point 2 and take the pullback to point 3 candle to enter for 12 ticks I've posted hundreds of these setups in pizza shop so here's a chart from phone of that trade MM when up 6 stop to +1 that's it
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  • #11,183
  • Mar 14, 2019 9:05am Mar 14, 2019 9:05am
here's a video I did for VEE it's only the YM only the 123 setup
Inserted Video
  • #11,184
  • Mar 14, 2019 9:05am Mar 14, 2019 9:05am
Quoting erasmus66
looking at different money management strategies(up6/12? be+1, up 16/18? be+10) here's march so far: {image}
I love it. How about adding a column with same risk parameters but No TP to let it run at close of one hour or lunch time or even end of ny session :-
Staying in my lane...
  • #11,185
  • Mar 14, 2019 9:11am Mar 14, 2019 9:11am
Quoting Divergence
here's a video I did for VEE it's only the YM only the 123 setup https://youtu.be/bKV-Zy921kM
lololol

all i hear at the beginning of the video is "vee...why are you so fucked up?"....

i know that's not what you meant probably..but that intro is kind of funny..no offense vee
  • #11,186
  • Mar 14, 2019 9:14am Mar 14, 2019 9:14am
Quoting ddaytrader
Thus far none of the e-micro experiments, to my knowledge, have resulted in a liquid market. Liquidity is vital for small trader profitability. I think that the best way for anyone to come to the NQ is to save up at least $500 - that will allow you to open a demo account with AMP - at least I think so. I used to have a paper trading account linked to my live account. I do not see it anymore, but that could be because I was inactive for so long. But call AMP - if they will give a demo account with a funded account, fund the account with $500. It...
Good Suggestion. Amp requires only $100 minimum balance before they terminate the data feed from CQG (it's a regulatory requirement enforced by CQG) so only $220.00 is required to demo your strategy for the entire year with live market data. You simply cannot beat this deal.... even if you do not want to trade live with them, it is money spent well.
Staying in my lane...
  • #11,187
  • Mar 14, 2019 9:16am Mar 14, 2019 9:16am
Quoting hilmy83
{quote} lololol all i hear at the beginning of the video is "vee...why are you so fucked up?".... i know that's not what you meant probably..but that intro is kind of funny..no offense vee
Lol No worries. I have publicly acknowledged how "damaged goods" I have become participating here for so long. Harold checked with me first before posting here so "I am who I am" is always going to be the case bro :-
Staying in my lane...
  • #11,188
  • Mar 14, 2019 9:19am Mar 14, 2019 9:19am
Quoting VEEFX
{quote} Lol No worries. I have publicly acknowledged how "damaged goods" I have become participating here for so long. Harold checked with me first before posting here so "I am who I am" is always going to be the case bro :-
you're a cool cat man. i have learned a thing or two from your posts, that OC approach is gold.
  • #11,189
  • Edited 9:34am Mar 14, 2019 9:23am | Edited 9:34am
Quoting hilmy83
{quote} you're a cool cat man. i have learned a thing or two from your posts, that OC approach is gold.
Here's one more platinum as you break / fade your moves. If you understand the coast line approach within the framework of OC, you will notice "vista points" as perfect setups for reversals.

When you arrive at Vista Points, either you continue in the direction of the journey or you use such points to make a U Turn (for whatever reason). Same analogy applies to the market and today was perfect way to fade the VWAPs or whatever technique is used.

Edit: I cannot switch my chart to a blank study but look at the last LL on M1 at 7:11am pacific in conjunction with your vwap bands and then again at few mins past noon ET... fake outs have a good signature of a vista point on a coastal highway :-

Edit: Hopefully, partial screenshot should suffice what I am saying here.
Attached Images
Staying in my lane...
  • #11,190
  • Mar 14, 2019 11:02am Mar 14, 2019 11:02am
Quoting Divergence
here's a video I did for VEE it's only the YM only the 123 setup https://youtu.be/bKV-Zy921kM
Being assimilated H
every Saint has a past. Every Sinner has a Future
  • #11,191
  • Mar 14, 2019 11:36am Mar 14, 2019 11:36am
Quoting turnip15
{quote} Being assimilated H
Just sharing what the market wants to give it's like a sale at walmart
  • #11,192
  • Mar 14, 2019 11:57am Mar 14, 2019 11:57am
Quoting VEEFX
{quote} Here's one more platinum as you break / fade your moves. If you understand the coast line approach within the framework of OC, you will notice "vista points" as perfect setups for reversals. When you arrive at Vista Points, either you continue in the direction of the journey or you use such points to make a U Turn (for whatever reason). Same analogy applies to the market and today was perfect way to fade the VWAPs or whatever technique is used. Edit: I cannot switch my chart to a blank study but look at the last LL on M1 at 7:11am pacific...
I must say your charts are packed with lines and indis it seems.
Insanityoing same ting over expecting different results..Einstein
  • #11,193
  • Edited 2:18pm Mar 14, 2019 12:43pm | Edited 2:18pm
Quoting FXsniper111
{quote} I must say your charts are packed with lines and indis it seems.
Yes but only for my visual understanding in relation to what my design is intended to do.... gathering the facts in real time to confirm my interpretations. Apart from moving averages and static OC blueprint for navigation, there is nothing more to it. I have over 100 of "lines" (as part of the design required mostly by the way Sierra operates) all clobbered into one sub-chart area as well but hidden as I don't need to see them). Brute force required ammunition :-)

EDIT: Also some moving averages are there as "tools" to "turn on" the trailing stops or trailing TPs switches when I am distracted to leave my trading desk for work/life issues.
Staying in my lane...
  • #11,194
  • Mar 14, 2019 1:37pm Mar 14, 2019 1:37pm
Quoting VEEFX
{quote} I love it. How about adding a column with same risk parameters but No TP to let it run at close of one hour or lunch time or even end of ny session :-
If you don't mind, I have some info on using timestops that we can validate as part of this. Please use no TP exits at pacific times 7:30am, 8am, 9am (noon ET) and 12:45(3:45pm ET).
Staying in my lane...
  • #11,195
  • Mar 14, 2019 5:41pm Mar 14, 2019 5:41pm
Quoting erasmus66
looking at different money management strategies(up6/12? be+1, up 16/18? be+10) here's march so far: {image}
Thanks for sharing your work on this! Truly generous of you! I wouldn't have thought the gap to be so big. Excited to see how it continues!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #11,196
  • Mar 15, 2019 3:47am Mar 15, 2019 3:47am
Quoting capstone
{quote} Thanks for sharing your work on this! Truly generous of you! I wouldn't have thought the gap to be so big. Excited to see how it continues!
not as clean cut as i thought .. here's the first third of apr 18 .. favouring up6 be+1, up16 be+10:

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Become the casino
  • #11,197
  • Mar 15, 2019 4:10am Mar 15, 2019 4:10am
Quoting erasmus66
{quote} not as clean cut as i thought .. here's the first third of apr 18 .. favouring up6 be+1, up16 be+10: {image}
That’s great, Erasmus. Now to investigate why ...

First, 10 trades is too small a sample ... you need 20 to 25 trades sample sizes.

Second, what were the ranges on the days tested compared the ranges of the days you tested in March.

Volatilty would likely dictate potentially changing a scalper’s profit target. Most of the time my scalp targets were 5 points. A few months ago, they would have been 10 points. Right now 6.25 is perfect. But if yesterday becomes the norm again, I’d be back at 5 points.
  • #11,198
  • Mar 15, 2019 5:21am Mar 15, 2019 5:21am
just run through first part apr 18 for ym:

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Become the casino
  • #11,199
  • Mar 15, 2019 6:47am Mar 15, 2019 6:47am
Attached Image (click to enlarge)
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Become the casino
  • #11,200
  • Mar 15, 2019 6:54am Mar 15, 2019 6:54am
Quoting erasmus66
{image}
Saw that one too. Very clear. Nice.
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