Plan the Trade | Page 612 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Plan the Trade
Exit Attachments

Plan the Trade

  • #12,221
  • Jun 5, 2019 12:32pm Jun 5, 2019 12:32pm
And here is the 21348R chart that I use on strong trend days. It is also useful for determining trailing stop location and the health of a swing trade.

Attached Image (click to enlarge)
Click to Enlarge Name: ES 6-5 1.2.JPG Size: 323 KB
  • #12,222
  • Jun 5, 2019 2:07pm Jun 5, 2019 2:07pm
Quoting capstone
{quote} If I remember correctly, it goes back to his Oil trading days. Inventories are posted on Wednesday and that was not the day he wanted to be putting his $$ at risk. The habit has carried over for him.
thanks capstone, appreciate that...
  • #12,223
  • Edited Jun 6, 2019 2:14am Jun 5, 2019 10:46pm | Edited Jun 6, 2019 2:14am
Sierra chart question:
If I use the main price graph in region 2 is there any way to use the chart trading DOM (connected to the main price graph in region 2)?

Edit: guess this isnt supported
https://www.sierrachart.com/SupportB...ThreadID=16085
  • #12,224
  • Jun 6, 2019 2:39am Jun 6, 2019 2:39am
Quoting bapakjason
Sierra chart question: If I use the main price graph in region 2 is there any way to use the chart trading DOM (connected to the main price graph in region 2)? Edit: guess this isnt supported https://www.sierrachart.com/SupportB...ThreadID=16085
how about attached file?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #12,225
  • Jun 6, 2019 3:37am Jun 6, 2019 3:37am
Quoting crazyfizikci
{quote} how about attached file? {image}
Thanks, but the idea is to use the chart trade DOM on the main price graph, but have it all in region 2. That way i can use one region above and one below for separate studies . . .
They way Sierra designed it, it seems the chart trading DOM can only attach to the main price graph if the main price graph is in region 1
  • #12,226
  • Jun 6, 2019 9:27am Jun 6, 2019 9:27am
Rough day in the park -48T
4 losses (2 should not have taken)
1 BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (417).png Size: 103 KB
  • #12,227
  • Jun 6, 2019 9:42am Jun 6, 2019 9:42am
Quoting OliverG
Rough day in the park -48T 4 losses (2 should not have taken) 1 BE. {image}
Thanks a lot for the chart.
Always informative.

Cheers,
J-F
  • #12,228
  • Jun 6, 2019 9:46am Jun 6, 2019 9:46am
Well the 8x winning streak was very enjoyable, but it had to stop at some point unfortunately.
Like OliverG it is a losing day as well.
4 trades: 1 W and 3L.

-12 -12 +12 -12

Have a good day everyone.
Cheers,
J-F
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (244).png Size: 109 KB
  • #12,229
  • Jun 6, 2019 10:11am Jun 6, 2019 10:11am
Tough day all around for futures. Playing with some demo accounts testing different charting software.

I think yesterday's horrible ADP employment numbers have the market spooked for tomorrows NFP. Could be weird until after it comes out.
  • #12,230
  • Jun 6, 2019 10:17am Jun 6, 2019 10:17am
Quoting OliverG
Rough day in the park -48T 4 losses (2 should not have taken) 1 BE. {image}
Concur, lots of loose dogs. Barely covered commissions with 2 trades +3 and +1. Lots of demand turned supply and back again around the 7225 level.
Will see where our AI competitors take it.
good luck,
regards
goma
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 06-19 (20 Second) 2019_06_06 (8_06_56 AM).png Size: 49 KB
  • #12,231
  • Jun 6, 2019 11:50am Jun 6, 2019 11:50am
Quoting J-f
Well the 8x winning streak was very enjoyable, but it had to stop at some point unfortunately. Like OliverG it is a losing day as well. 4 trades: 1 W and 3L. -12 -12 +12 -12 Have a good day everyone. Cheers, J-F {image}
i sometimes look to see how some are doing it pains me to see some miss the sequence
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 560 KB
  • #12,232
  • Jun 6, 2019 8:38pm Jun 6, 2019 8:38pm
1 last video to help follow the sequence
Inserted Video
  • #12,233
  • Jun 6, 2019 8:42pm Jun 6, 2019 8:42pm
Quoting Divergence
1 last video to help follow the sequence https://youtu.be/eAzojKLGx4g


Thanks Divergence.

I am studying and looking forward to more videos.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,234
  • Jun 6, 2019 11:06pm Jun 6, 2019 11:06pm
Was as if ym/es/nq tried to hold down below the previous high of the day as pressure built to the top side and finally cracked the ceiling . . . .
  • #12,235
  • Jun 7, 2019 4:22am Jun 7, 2019 4:22am
Yes, there will be some profit taking on longer-term shorts as the NQ has made its first higher high on the 4h chart since mid-May. The line in the sand was 7270. Will be interesting to see if NQ can stay floating above 7300. Next interesting area for me for resistance is 7365-80. Plan today is to look for a long, possibly on a spike down towards 7250. Good luck!
  • #12,236
  • Jun 7, 2019 7:11am Jun 7, 2019 7:11am
Anything can happen from day to day but this kind of looks like a bull flag pull back in an on going bull market and even if ES pull back to the upper trend line (even if it breaks briefly below it in fact) this looks like the next leg up in a bull that started in December to me.

Daily ES:

Attached Image (click to enlarge)
Click to Enlarge Name: ES UP or Down ... Up..JPG Size: 207 KB
  • #12,237
  • Jun 7, 2019 9:44am Jun 7, 2019 9:44am
1 x BE trade today.
had to cancel one due to 123 just in front of entry.

thanks for the video harold, helps massively
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (428).png Size: 88 KB
  • #12,238
  • Jun 7, 2019 10:05am Jun 7, 2019 10:05am
very good video, haven't seen the second one yet but just an appreciative thanks for the effort put into helping clarify the approach and your help.
Took a late trade yesterday (about 215 EST) plus 4, this morning 3 trades for plus 6, minus 14 (a really foolish impulse click) and a plus 7.
good luck,
regards
goma
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQ 06-19 (20 Second) 2019_06_06 (11_29_01 AM).png Size: 39 KB
Click to Enlarge Name: NQ 06-19 (20 Second) 2019_06_07 (7_31_11 AM).png Size: 44 KB
  • #12,239
  • Jun 7, 2019 10:57am Jun 7, 2019 10:57am
Quoting ddaytrader
Anything can happen from day to day but this kind of looks like a bull flag pull back in an on going bull market and even if ES pull back to the upper trend line (even if it breaks briefly below it in fact) this looks like the next leg up in a bull that started in December to me. Daily ES: {image}

We dipped into the monthly demand level. Strong reaction off that.
  • #12,240
  • Jun 7, 2019 11:44am Jun 7, 2019 11:44am
Quoting broomstick
{quote} We dipped into the monthly demand level. Strong reaction off that.
"Monthly demand level" you need to define your terms, bud lol
3 traders viewing now