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Plan the Trade

  • #12,141
  • May 22, 2019 5:51am May 22, 2019 5:51am
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been an honor to help
  • #12,142
  • May 22, 2019 6:05am May 22, 2019 6:05am
Quoting Divergence
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been...
God speed Harold. It's been a pleasure of your input. As always, i send you my best wishes and kindest regards.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,143
  • May 22, 2019 7:16am May 22, 2019 7:16am
That was a big spike. Lol
  • #12,144
  • May 22, 2019 7:17am May 22, 2019 7:17am
Quoting Divergence
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been...
Cant express how much I have learned from you. Really appreciate your investment in other traders!
  • #12,145
  • May 22, 2019 7:27am May 22, 2019 7:27am
Quoting bapakjason
{quote} Cant express how much I have learned from you. Really appreciate your investment in other traders!
Absolutely. I've been reading you for years and still learn new things,
  • #12,146
  • May 22, 2019 7:36am May 22, 2019 7:36am
Quoting Divergence
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been...
Thank you for all the explanations, charts and setups! So much value the last couple of years and learned a great deal. It was also very interesting to see you adapt your style and setups to market conditions which showed the core mantra (trend>pullback>trigger) works on so many different timeframes. This gave me confidence to continue and every couple of months there was this aha moment and I'd see my trading improve. All the best!
  • #12,147
  • May 22, 2019 7:56am May 22, 2019 7:56am
+30 with 3 trades. +12 on Russel and a +3 (BE with slippage) and +15 on NQ.

Lot more focus on the process and setups instead of on the result per trade is really paying off.

Tracking win rate is also very helpful, currently at around 45% win rate on the last 20 trades. This means that I should not expect every trade to be a winner, just focus on the setups and when a setup ticks all the boxes take the trade. The outcome is up to the market (with a bit of trade management of course).

As I recently read: 'Manage the probabilities within uncertainty and be comfortable with it'

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  • #12,148
  • May 22, 2019 8:25am May 22, 2019 8:25am
NQ 3 @ BE +1
ES +6, +1, -6, +1

Mostly BE day . . ..
  • #12,149
  • May 22, 2019 12:04pm May 22, 2019 12:04pm
This is why i still use 'Gap close' line. It's one of the best profile lines, not only for the reversal, but points made as the target on the way up too;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,150
  • May 22, 2019 1:04pm May 22, 2019 1:04pm
Quoting Divergence
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been...
Leave for a bit, day i come back this.

You may not know but it was you who inspired me to take a serious look at equity futures. For this i thank you. You enjoy yourself H.
  • #12,151
  • May 23, 2019 1:20am May 23, 2019 1:20am
Quoting Divergence
I have been posting for 9 yrs and simply had enough. It has nothing to do with recognition or any other TRADER. I have shared 100s of charts some will follow some will tweak it some will quit and that's fine there are 1000s of way to trade but most don't make money. I will leave you with my mantra wait for trend then wait for pullback find trigger bar enter manage trade make money. CG I am continuing to pray that god heals you but also he would reveal to you your need for him not in a religious way but relational way. good fortunes guys it's been...
Good to see you finally on the top of this list! I stopped visiting this section as I would see idiots liking every keystroke fart from our famed pivot guru :-
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Staying in my lane...
  • #12,152
  • May 23, 2019 1:59am May 23, 2019 1:59am
Quoting The Cableguy
I still keep an eye on the bigger picture (400 trades). Had to hang on for a mo, cos i identified this level earlier. It looks like a typical double bottom after the rapid drop earlier; {image} Over-rode the desire for a 123 to trigger and retrace and took a bit of a risk; {image} Again, despite there a likely C wave making a fresh high on the 400 trade chart (thus huge target), it's too difficult not to chase a fast move in your favour. I will take a +40 any day of the week; {image} Why the hell i didn't switch to Live, i do not know, but hey,...
Here's an interesting thought. I can never let a position just run and run anymore, (based on basic EW). I am programmed now to chase profits with stoploss and/or using a fairly minimal target of 30 ticks.

Here was the 400 trade chart from the above post, where i mentioned a likely double bottom being waves A&B with higher to follow in wave C;

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and the result;

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I wonder if i could start trying to run positions further according to my analysis?!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,153
  • May 23, 2019 2:03am May 23, 2019 2:03am
What happened to the other guy who liked to run positions and add to them along the way?!

Here's another example. Last night i bagged +24 just because i don't like pullbacks to risk taking me out for a +1. But the idea of the gap close target was combined with my ABC X ABC (a WXY move) is just corrective, thus it was probably over and time to drop seriously again;

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and so ticks in the bag, but if i grew a pair and relied on my overall analysis, look where it is now!

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Food for thought.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #12,154
  • May 23, 2019 3:24am May 23, 2019 3:24am
Considerable drop during Asian/Europe sessions . . . .
  • #12,155
  • May 23, 2019 4:25am May 23, 2019 4:25am
Quoting bapakjason
Considerable drop during Asian/Europe sessions . . . .
Yes, trade tensions and geo-stuff continue to hit the markets.
I favor the downside today. Will look to sell around 7365 for a break below 7300.
Good luck today!
  • #12,156
  • Edited 9:23am May 23, 2019 5:50am | Edited 9:23am
+2 yesterday, 5 trades picking and poking. Just practicing really because it was Wednesday, got bored in the end. But here's the thing, doing that yesterday made me biased. I thought today, 'huh, well nothings gonna take off just like yesterday'. So, I hesitated at the pullback and didn't take the long at the green line - Doh!

Another valuable lesson learned, don't spend any time when it isn't working for you when your strategy is sound. Each day is a new day...

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Edit + 18, 7 trades (too many)
Edit Edit 9 trades + 33, saw the shots and took em

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'in less than half an hour he made over 100 ticks'
  • #12,157
  • May 23, 2019 7:23am May 23, 2019 7:23am
Quoting NeptunisFX
{quote} Yes, trade tensions and geo-stuff continue to hit the markets. I favor the downside today. Will look to sell around 7365 for a break below 7300. Good luck today!
Tryng to get to 300 . . .
  • #12,158
  • May 23, 2019 8:03am May 23, 2019 8:03am
+29 with 3 trades. 2x +15 on NQ and 1x -1 on Russell.

The Russell trade I closed when the second NQ trade hit target, should have kept it open as it went to target (+12).
  • #12,159
  • Edited 8:30am May 23, 2019 8:19am | Edited 8:30am
I am BE on the day . . . Was up 10ticks on ES at one point.
NQ 3 BE trades that got up like 9ticks but not to my 14tick TP

Edit: just picked up 7ticks on a rotation back down on ES to the vwap. Will quit for the day in profit
  • #12,160
  • May 24, 2019 7:32am May 24, 2019 7:32am
I was looking for a pullback to 7365 yesterday but it didnt happen before today.

So I am short now from 7353. Stops above 7367.
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