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Plan the Trade

  • #11,721
  • Apr 4, 2019 8:47am Apr 4, 2019 8:47am
123 on ym +11
  • #11,722
  • Apr 4, 2019 8:53am Apr 4, 2019 8:53am
nq 123 +25
  • #11,723
  • Apr 4, 2019 8:56am Apr 4, 2019 8:56am
Quoting Divergence
nq 123 +25
That was a nice setup, had a no fill on that one.
  • #11,724
  • Apr 4, 2019 9:01am Apr 4, 2019 9:01am
Quoting Divergence
123 on ym +11
this one H:

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Become the casino
  • #11,725
  • Apr 4, 2019 9:02am Apr 4, 2019 9:02am
I have been keeping a close eye on ES but squeezed this one out of NQ today.
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  • #11,726
  • Apr 4, 2019 9:16am Apr 4, 2019 9:16am
May be getting first long signal on the blog system:

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  • #11,727
  • Apr 4, 2019 9:21am Apr 4, 2019 9:21am
That was a signal bar, but the trade did not trigger. Order as shown has been cancelled and waiting a new signal bar.
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  • #11,728
  • Apr 4, 2019 9:25am Apr 4, 2019 9:25am
Quoting Divergence
nq 123 +25
was entry 95.00?
  • #11,729
  • Apr 4, 2019 9:46am Apr 4, 2019 9:46am
Quoting ddaytrader
That was a signal bar, but the trade did not trigger. Order as shown has been cancelled and waiting a new signal bar. {image}
New signal?
  • #11,730
  • Apr 4, 2019 9:56am Apr 4, 2019 9:56am
Quoting namakan
{quote} was entry 95.00?
nice day 9525
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  • #11,731
  • Apr 4, 2019 9:57am Apr 4, 2019 9:57am
2 trades on NQ this session (SIM):

T1: I guess the one that everyone took, short on a 123s (reversal/possible change of trend). It filled nicely and went to TP within 2 minutes. If only it could be like this all the time ;0)

T2: short on a 123s back into the trend, with a small thrust bar. As you can imagine seeing entry/exit on the chart, a bit frustrating, as it took me out at BE, to the very tick, and then look at that sell off. Took off like a steaming train!!

I need to work out on how I want to precisely manage my SL after entry, write it on a piece of paper, and follow it with discipline for 20 trades.
Far too emotional and random with that SL at the moment.

Have a good day everyone.
Cheers,
J-F
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  • #11,732
  • Apr 4, 2019 9:58am Apr 4, 2019 9:58am
Quoting bapakjason
{quote} New signal?
It took some patience, but here is the first trade for a +4 point profit at 2Xactual risk

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I have to say that this is a very relaxed way of trading. You either have a signal or you don't. If you have a signal you place the order. If triggered, you move your stop according to the rules. The reason for the actual risk profit target is because the ideal risk profit target would have been above today's high. Unless the signal is occurring in a gap and go uptrend pullback, it is unreasonable to place a profit target above the reigning high of the day per the rules.
  • #11,733
  • Apr 4, 2019 10:02am Apr 4, 2019 10:02am
Quoting ddaytrader
{quote} It took some patience, but here is the first trade for a +4 point profit at 2Xactual risk {image} I have to say that this is a very relaxed way of trading. You either have a signal or you don't. If you have a signal you place the order. If triggered, you move your stop according to the rules. The reason for the actual risk profit target is because the ideal risk profit target would have been above today's high. Unless the signal is occurring in a gap and go uptrend pullback, it is unreasonable to place a profit target above the reigning...
very important to follow rules of the plan or you have no plan
  • #11,734
  • Apr 4, 2019 10:04am Apr 4, 2019 10:04am
Quoting Divergence
{quote}nice day 9525 {image}
I know it has no impact on the future of my trading, and it is somehow very childish, but I see that today I took the exact same trades as yours Divergence (NQ), and everything relative, it MADE MY DAY ;0)))

Thanks for posting your charts every day (you and the other people in that thread), it is really eye opening and worth a thousand words.

Cheers,
J-F
  • #11,735
  • Apr 4, 2019 10:04am Apr 4, 2019 10:04am
Quoting J-f
2 trades on NQ this session (SIM): T1: I guess the one that everyone took, short on a 123s (reversal/possible change of trend). It filled nicely and went to TP within 2 minutes. If only it could be like this all the time ;0) T2: short on a 123s back into the trend, with a small thrust bar. As you can imagine seeing entry/exit on the chart, a bit frustrating, as it took me out at BE, to the very tick, and then look at that sell off. Took off like a steaming train!! I need to work out on how I want to precisely manage my SL after entry, write it on...
great work jf i had my entry a little higher or i would had had a +1 also kudos for spotting the setups jf you wrote I need to work out on how I want to precisely manage my SL after entry, write it on a piece of paper, and follow it with discipline for 20 trades.
Far too emotional and random with that SL at the moment.i had it on auto when up 6 stop moves to +1 when up 15 auto for stop at +10 when over 20 i right click and have my hand on flatten
  • #11,736
  • Apr 4, 2019 10:14am Apr 4, 2019 10:14am
already done trading but to have you eyes adjusted 123 at top of market
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  • #11,737
  • Apr 4, 2019 10:23am Apr 4, 2019 10:23am
As an aside -from an interested viewer. You guys probably did well today ( This is a one minute chart). Keep up the good work H.
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every Saint has a past. Every Sinner has a Future
  • #11,738
  • Apr 4, 2019 11:04am Apr 4, 2019 11:04am
hey divergence,

On NQ you start with a 12 tick stop loss. When you’re up 6 ticks auto stop goes to +1, when you’re up 15 auto stop goes to +10, then final target is +25. Is this correct?

Do you use the same numbers on YM? I seem to get stopped out at +1 often. I’ve been using - when I’m up 5 ticks auto stop to +1. I think that’s a little too fast and maybe I need to give my self a little extra space. I just recently started using the auto stops though, so I’m still toying with it.



Quoting Divergence
{quote} great work jf i had my entry a little higher or i would had had a +1 also kudos for spotting the setups jf you wrote I need to work out on how I want to precisely manage my SL after entry, write it on a piece of paper, and follow it with discipline for 20 trades. Far too emotional and random with that SL at the moment.i had it on auto when up 6 stop moves to +1 when up 15 auto for stop at +10 when over 20 i right click and have my hand on flatten
  • #11,739
  • Apr 4, 2019 11:06am Apr 4, 2019 11:06am
I was discussing the concept of "Three pushes" market behavior in last night's blog post. Here is a potential for three pushes, or we may have the first higher low of the day which would again put us on the look out for long signals.

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  • #11,740
  • Apr 4, 2019 11:18am Apr 4, 2019 11:18am
Quoting ddaytrader
I was discussing the concept of "Three pushes" market behavior in last night's blog post. Here is a potential for three pushes, or we may have the first higher low of the day which would again put us on the look out for long signals. {image}
it looked like you had a 123 break pullback filled to get back into trend
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