Plan the Trade

came back to a late trade plus 3 after a thrust bar then a 1-2-3. missed two other sell entries did not fill. after 7 days of vacation, no internet or anything
digital, not easy to get the mindset back into trading.
good luck
regards
goma

grind in the market this morning. minus 8, plus 8, minus 2 plus 3. tough getting my mind out of vacation mode. might sit out until after tmro fed activities.
good luck
regards
goma

+ 17 today, far too many trades. Crap month for me this month. Lost my Mojo somewhere, so down -69 overall. First month in a while though and I'm positive that I'm on my way to getting it back. Hope you guys are all doing better.

you will get it back. No trades for me today. up 83T for the month, so I'll end it on a positive note.
good luck,
regards
goma

a little of this goes a long way

Thanks buddy, have similar called 'fast fret'...

new month! picked up plus 13 after spotting a 2B profited on the 1-2-3 that followed. a bit risky anticipating that, but it looked to be ranging a bit
so it played out. Stop at 12 never came that close.
good luck,
regards
goma

+17 Better, but a long way off from where I'd like to be.

Over 400tick drive long after yesterday's news and drop . . .

You guys must have done well today on the Nas.
UK

Somebody 'Tweet'

+35 More like it...

see, your mojo is back. no trades for me, mild case of food poisoning kept me away from most things through this morning. will be
back at it monday.
good luck,
regards
goma

Best to keep away if you are out of sorts.

I think the distraction of being away and on business didn't help me. Because I couldn't trade in the afternoon (NQ), I decided it would be a good idea to revert back to the good old Dax (spot) just for practices sake you understand. How very wrong of me.

I'd got so used to waiting 30 seconds for a candle to appear, 1 minute seemed like an age. Plus I got so many no fills, and then the market takes off +30 in my anticipated direction. That does something bad to me psychologically - revenge and then bigger stops, leading to poor decision making. Not saying anyone shouldn't or can't trade it, but personally I've proved to myself that trading a different market when I'd started to become successful on another was a mistake.

Now that micro futures have been introduced, there is no excuse to go to spot if you have a small account. And until I'd had a negative month, I wouldn't have entertained micro's because I read somewhere that they weren't as liquid. Anyway, my past 10 trades have been on micro's and so far as I can tell there doesn't seem to be any difference (unless someone credible knows any better).

I'll stay with micro's for the next week and see how it goes. Good luck everybody.

no trades this morning. ATR is averaging over 25T some spikes in the 30 plus T range. well out of my comfort zone.(where to place a stop?) I didn't want to just enter
and just "hold on" recipe for disaster in these conditions. Stick to the rules which currently means no trades yet until it settles down a bit.
Also sticking with NQ emini's, I've found moving down to smaller sizes can lead to bad habits, at least in my case although the micro's seem to be liquid enough
to practice good trading habits. I'll check on the mkt later, way too much happening at the moment. Trade Safe.
good luck
regards
goma

I’ve been gone for a few months. What happened to this thread? The strategy turn out to be no good?

Was up 15, then ended up down 14. For me twas really tricky without bigger stops yesterday.

+ 18 today

Personally, I think it is good. Just requires patience and discipline (a journey for me...). I think there must be many who have it sussed and they are too busy off enjoying their success to be posting here.

Either that or they just couldn't make it work for them.

yeah I get it. I'm not ready to start swing trading this one. managed a plus 4 and a plus 5 this morning. first one was merely taking a thrust bar up in the opening 5min (totally off my when to enter rules but got out plus before it whipped back to my stop). Second was off of an entry for a retrace to a 2B thrust down. it's still way too busy at the moment, but it's only tuesday.
good luck,
regards
goma

I've also been trading mirco futures lately. Was looking at new setups and trading multiple charts (NQ with YM or Russell) at the same time but found that it just caused me to miss trades so now back to my core strategy and only trading the NQ again. Aiming for 2x +15 ticks per day and slowely scalling up the contracts on micro to get to the E-mini again.

Quite some good setups today, missed most Still got +23 with 3 trades.