Post on bars and candlesticks as they pertain to the Hot Rod Stochastic method on the blog.
https://ddaytrader.com/2019/04/07/of...-candlesticks/
https://ddaytrader.com/2019/04/07/of...-candlesticks/
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
It’s a great business, once you figure out what you want to do
—Dick Diamond
I understood everything about trading but I could not be profitable until I gained emotional discipline. The ability to execute a trading plan consistently is the biggest challenge in trading because it is principally a psychological problem. Since every trader has a unique psychological makeup, he must find a system that matches his individual psyche. What works for one trader may be totally wrong for another. I could not be successful trading until I incorporated three elements in my plan: An understanding of my trading psyche, a trading system that is in harmony with my mindset and experience trading my system.My Trading Psyche
The Nature of My System
My Experience
Conclusion
DislikedI read something a long time ago i think from the naked chart site master 1 setup and you become the master over the setup whether i would consider myself a master over the 123 pattern dont know dont care but what i do know is that it works and works consistently it has for my 8yrs of using itIgnored
DislikedJust one trade today. During the session I realized that I missed quite a few 123s, and for others the price just didn’t come back to the entry order. One trade (SIM): T1: long on a 123s. On the fill the price reacted straight away, and after a minute reached the TP. Kind of the dream trade. Have a good day every one. Cheers, J-F {image}Ignored
DislikedThere is also going to be an entry rule adjustment that I had been considering, but that second trade made my mind up that I will be making a change.Ignored
Dislikedbeen examining the 20 second chart for the last month since i am trading the ym on it I will attempt to trade the nq with it tomorrow. Some may ask why change well i am not changing the method but time frame by 10 seconds i see it gets me in at a better price and adds a few trades per week its all about making moneyIgnored
DislikedI love the first hour nice setups less exposure I get to live instead of glued to a computerIgnored
Disliked{quote} I've been doing some review as well on what I've been doing. Going to pull back in to demo mode for a few days to try some ideas in real time.Ignored
Disliked{quote} H, getting the ticks you get in 1hr is plenty! What do you thing abour the 512 tick on NQ? I know you used to prefer tick charts . . . .Ignored