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Plan the Trade

  • #11,681
  • Apr 2, 2019 8:28pm Apr 2, 2019 8:28pm
Quoting ddaytrader
{quote} I am going to start a journal tonight where I will go over my ES trades for the day ... I will cover only the next 20 ES trades, whether that takes a day or two weeks (it will be more than a day).
I am doing this as a blog on wordpress - totally free, no ads, no monetization, nothing for sale, etc. and so on (I am even paying wordpress the $3/month to get rid of their ads lol). I want full control over my material including the ability to moderate comments when necessary.

It will also allow me to edit any post for any reason no matter how long it has been since I published the post. (you are all starting to get the idea that I might be some kind of control freak lol).

I also have the option to take the blog "private." This does not mean a fee - it would still be free. I would just be able to protect access with a password and I'd give the password to anyone interested. No plan to do that unless I have a problem with comments, etc. Again - totally free, no scams, I'm still the same regular trader guy I've been for 10 years.

I started it tonight, and once I get a few posts done there I will post daily charts, etc here in this thread. After 10 years of not having ever started a thread here at FF I decided I just do not want to have a thread of my own where I am the OP. I am an FF squatter lol. Alos, I wanted the ability to make it all disappear if I ever wanted it to disappear from the web.

Anyhow, here is the address: https://twentytradechallenge.wordpress.com/

There are two posts: The main description of what the blog is about, and the first blog post. I am a little tired, so I May not get another blog post tonight. My intention is to have a trading plan fully described, as mechanical as I can possibly make it, and to start trading it and tracking those twenty trades no later than next Monday. But there will, I hope, be some good stuff along the way until then.
  • #11,682
  • Apr 2, 2019 8:46pm Apr 2, 2019 8:46pm
Quoting ddaytrader
{quote} I am doing this as a blog on wordpress - totally free, no ads, no monetization, nothing for sale, etc. and so on (I am even paying wordpress the $3/month to get rid of their ads lol). I want full control over my material including the ability to moderate comments when necessary. It will also allow me to edit any post for any reason no matter how long it has been since I published the post. (you are all starting to get the idea that I might be some kind of control freak lol). I also have the option to take the blog "private." This does not...
Great idea DD. Look forward to it!
  • #11,683
  • Apr 2, 2019 8:49pm Apr 2, 2019 8:49pm
Quoting bapakjason
{quote} Great idea DD. Look forward to it!
It is already up and readable!

https://twentytradechallenge.wordpress.com/

Hey, any of you guys trade the hong kong markets - I started demo last night and this thing is a zippy market!

This trade hit my 80-ish tick profit target in about three minutes lol

Attached Image (click to enlarge)
Click to Enlarge Name: zippy 1.JPG Size: 43 KB
  • #11,684
  • Apr 2, 2019 8:55pm Apr 2, 2019 8:55pm
i tried posting on there it didnt work but in that chart there were 2 setups 1 down and 1 up can you spot them
  • #11,685
  • Apr 2, 2019 8:57pm Apr 2, 2019 8:57pm
Quoting ddaytrader
{quote} It is already up and readable! https://twentytradechallenge.wordpress.com/ Hey, any of you guys trade the hong kong markets - I started demo last night and this thing is a zippy market! This trade hit my 80-ish tick profit target in about three minutes lol {image}
can you show that chart on second and more candles also what market is that
  • #11,686
  • Apr 2, 2019 8:58pm Apr 2, 2019 8:58pm
Quoting ddaytrader
{quote} It is already up and readable! https://twentytradechallenge.wordpress.com/ Hey, any of you guys trade the hong kong markets - I started demo last night and this thing is a zippy market! This trade hit my 80-ish tick profit target in about three minutes lol {image}
I have looked at Hang Seng index before. Zippy is a good word for it. : )
  • #11,687
  • Apr 2, 2019 9:02pm Apr 2, 2019 9:02pm
Quoting Divergence
i tried posting on there it didnt work but in that chart there were 2 setups 1 down and 1 up can you spot them
The home page does not have a comment field, but if you go to the bottom and click on the blog post, you can comment on the blog posts.

It may ask for your email and name. Or you can log in with facebook or twitter to comment. I would think you could just put in a phony email address and use "Divergence" as your name.

To upload pictures it is pretty simple:

1) Go to https://snag.gy/

2) Go to the image you want to upload, and click "ALT + Print Screen

3) Go back to the https://snag.gy/ and click Ctrl + V and it will generate a link that you can then put into the comment field at worpress and when you submit the comment, we should be able to see the image.
  • #11,688
  • Apr 2, 2019 9:11pm Apr 2, 2019 9:11pm
Quoting bapakjason
{quote} I have looked at Hang Seng index before. Zippy is a good word for it. : )
If I were a younger man lol ... or if I had a day job and wanted to "day trade" it looks like there is usually enough action 9:30 PM until they close the exchange for lunch at Midnight.

I wish the US were like that lol
  • #11,689
  • Apr 2, 2019 9:13pm Apr 2, 2019 9:13pm
Quoting Divergence
{quote} can you show that chart on second and more candles also what market is that
That is today's ES and it is a five minute chart. It is the same market you posted a 512 tick chart of this morning or afternoon here in the thread.

Do you want a 20 second chart?
  • #11,690
  • Apr 2, 2019 9:17pm Apr 2, 2019 9:17pm
Quoting ddaytrader
{quote} That is today's ES and it is a five minute chart. It is the same market you posted a 512 tick chart of this morning or afternoon here in the thread. Do you want a 20 second chart?
on the chart you posted in your blog 1 123 to short into 123 demand long
  • #11,691
  • Apr 3, 2019 6:20am Apr 3, 2019 6:20am
Quoting Divergence
yes namakan
Thanks
  • #11,692
  • Apr 3, 2019 9:04am Apr 3, 2019 9:04am
I just published the next entry on my ES blog:

https://twentytradechallenge.wordpre...edge-part-one/
  • #11,693
  • Apr 3, 2019 9:20am Apr 3, 2019 9:20am
First set up of the day using the blog methodolgy:

Attached Image (click to enlarge)
Click to Enlarge Name: 4-3-2019 Trade 1.JPG Size: 89 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 4-3-2019 Trade 1 Progress A.JPG Size: 88 KB
  • #11,694
  • Apr 3, 2019 9:26am Apr 3, 2019 9:26am
The entry price on the ES long was 2878.50, initial stop was a biggie 3.75 points at 74.75. Stop is now 77.25 or 1.25 points. Target is two times risk or 7.50 points at 2886.

Attached Image (click to enlarge)
Click to Enlarge Name: 4-3-2019 Trade 1 Progress B.JPG Size: 49 KB
  • #11,695
  • Apr 3, 2019 9:49am Apr 3, 2019 9:49am
Quoting ddaytrader
I just published the next entry on my ES blog: https://twentytradechallenge.wordpre...edge-part-one/
great work dd .. any way of making the charts on your blog clickable so that they enlarge?
Become the casino
  • #11,696
  • Apr 3, 2019 9:51am Apr 3, 2019 9:51am
Quoting ddaytrader
{quote} If I were a younger man lol ... or if I had a day job and wanted to "day trade" it looks like there is usually enough action 9:30 PM until they close the exchange for lunch at Midnight. I wish the US were like that lol
DD, Do you know if the ES is consistently this active at that time? I do not have charts at the moment and no way to look. If so, this may be the answer to me getting back into the great game of trading AND keeping my wife happier!

I had to bow out a few months back for daytime work. I now have a couple of opportunities in front of me. One is to work an afternoon into evening shift and trade during the market open, until I am consistent enough to trade only and quit the job. The other is to take a different, better paying day job, and trade in the evening (or get a different part time job and not trade at all). The wife is not excited about the first option but sees the long term benefit of getting to trading "full time". I'm not thrilled with it either but do long for the freedom that trading provides.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #11,697
  • Apr 3, 2019 9:52am Apr 3, 2019 9:52am
Trade is closed with a +4 point profit per rules of system. It may go to original target or reverse to new lows. It does not matter. It is over and done and in the books and now nothing to do but await the next signal.

I will compose a post tonight covering this trade candle by candle in my blog at https://twentytradechallenge.wordpress.com/ Remember folks, this is my personal trading blog, free for all, I sell no services, education, etc. I am not now nor have I ever been a commercial. I am doing this blog as much for my own personal benefit and improvement as I am to share my process with you all.

Attached Image (click to enlarge)
Click to Enlarge Name: 4-3-2019 Trade 1 Progress C.JPG Size: 54 KB
  • #11,698
  • Apr 3, 2019 10:40am Apr 3, 2019 10:40am
Quiet on the NQ front here. Nice long trend up and still trying to climb. Maybe stopping at 7610?
  • #11,699
  • Apr 3, 2019 11:03am Apr 3, 2019 11:03am
Quoting bapakjason
Quiet on the NQ front here. Nice long trend up and still trying to climb. Maybe stopping at 7610?
3 minute NQ once the opening range broke and set a good thrusting trend direction up, the 9 ema and 21 ema have shown great entries either for swing or for scalps.

Attached Image (click to enlarge)
Click to Enlarge Name: nqq.JPG Size: 75 KB


I'm done for the day ... the second trade of the blog system was just stopped out at break even per the rules.

Attached Image (click to enlarge)
Click to Enlarge Name: 4-3-2019 Trade 2 Progess C.JPG Size: 125 KB


I will go through both of these trades tonight candle by candle at the blog. I have fixed the comments (I think) so that you can now comment without it first going to moderation and waiting for me. It asks you to log in - I do not know if you have to use an email (I do not get your emai I believe). It asks for your name, and I would ask anyone to use your FF handle so I recognize you.

https://twentytradechallenge.wordpress.com/
  • #11,700
  • Apr 3, 2019 11:07am Apr 3, 2019 11:07am
On NQ, even if “Wednesday” (Divergence doesn't trade on Wednesdays), it was another practice session this morning, another opportunity to train the eyes and for once it seemed reasonably clear.

Only 1 trade (SIM):
But first, before that one trade, a limit order long on what I think was a “2b” entry (entry order at mid candle) didn’t get filled, because it was missed by 1 tick.

T1: only trade of the morning was short on what I think was a 123s (see chart). It filled nicely but didn’t really go anywhere first. After a few (very long...) minutes, it went gently into positive territory to 15T before taking me out at BE.

I am sure I missed other things, but that’s all I was able to see in this session.

Have a good day.
Cheers,
J-F
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 3rd April 2019.png Size: 101 KB
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