Plan the Trade

Hope everyone has a good Christmas, peaceful time with family and friends

NQ is climbing while we are pulling gifts out of our stockings. Lol

+ 12, 1 live trade

hope everyone has a profitable new year.

regards
goma

-3, 2 trades. 1st one was a dumb shit trade as there was no thrust, lesson learned. Got most of it back, bailed too quickly and then I got bored. Patience.

J, we all do sh*t entries. your second entry was great. have you thought about (or do you) trail your stops? I am considering trying to
do that more (possibly at the expense of gains). may demo it a bit first. I'll be trading next week, once rotation dies down a bit.
good luck,
regars
goma

I think there is a trade off between stop size and letting them 'breathe'. I'm trying to go with fewer entries, but I'd been sitting on my hands throughout and missed a great entry earlier. Depending on the day you would need big stops to trail and I am very risk averse because I only have a small account.

Having said that, I would have stayed in but there was structure above me and I wanted to recover from the earlier mistake.

I'm done with demo. Have been doing that for a long time, but for me it was necessary. I don't care if it is 10 a day, as long as there are minimal losses. I'll just add lots as I improve.

+9, Just so bored. I may have another go if it breaks out of this range, but I gotta work and my hour is well and truly up.

Edit, I showed 2 breaks I missed through inaction.

morning all. tuned in at NY open and watched. need to get my bearings in order spotting setups so plotted a couple of graphs as I went along.
filled a big gap from late yesterday above 8795 - 8819ish. looks to push back higher barring geopolitical news. buyers definitely stepped back in early,
will watch a bit more before pulling the trigger on any setups real (or imagined).
good luck
regards
goma

no trades yet this year. a bit of a chart dump below as to what I saw. vix seemed to pick up, probably lots of rumors, maybe more than usual.
missed a couple of set ups around the 8866 level (NY open), but pulled the orders after it seemed to stall around the 8872-75 level. lots of
1-2-3s and HH-HL etc to draw one in. a couple of chores to take care of, check in later.
good luck
regards
goma

Yesterday nothing, today +7 back to zero 3 trades. No losses, no gains.

missed 2 entries already. should have keep the first one open a bit longer would have paid off. buyers still seem in control, waiting for potus address
at the top of the hour. will run out for chores until the dust settles.
good luck
regards
goma

3 swings and 3 misses. enough for this morning, came in a bit late after ny open for 10min or so. all time highs looked strong early,
then ranged between the open and near high. saw a head and shoulder forming, set entries a tad high (greed?). better luck next time.
keeping stops around 12-16T for (missed) entries. anyone else having success?
regards
goma

a couple of misses and one trade for minus 6. set the stop a bit tight, right above where I marked a 2b in case I was wrong. and I was. a bit
erratic on the entries, but more experience/practice should overall continue to be profitable. I plan to cease posting here, no real discussion
on the trade, methodology etc. all I believe one needs is to read through previous posts of those here before me, valuable info. hope everyone has
a profitable year. a couple of charts below.
god bless
regards
goma

Hey folks,

I've not been here since the summer. Any word on Cableguy - I see he hasn't posted since July.

Best to you all,

DD

EDIT: I just saw the posts announcing that we lost CG back in July. I had hoped for better news. There are a handful of folks I've met here at FF over the past 11 or 12 years who made an impact on me. He was one. Godspeed, CG

No doubt, Divergence. Seems that my time here at FF has been blessed to have short periods of time where great internet friends are made. I have fond memories of my time with you, Erasmus, and of course, CG in your Flag Trading thread. I looked back and can't believe its been 4-5 years since then. None would have thought that something so menacing as a fatal brain tumor was going to take CG from us in just a few short years.

Not much going on for me the past few days in my plight to make more with fewer trades. Seems like being cautious means you don't make any money, still I'd rather have it that way than be a loser. So now I seemed to have stopped myself trading all over the charts like somebody demented, next step let the profits run...

+12, but my 1 hour is up. May come back when the range has gone.

+14, 3 trades. I'm toying with removing the +1 @5, cost me dear on the 1st trade. No trades yesterday.

Best of luck mate. It is hard to keep posting, most people just give up because it is a challenge to be consistent. And I think that there isn't really anything else to say about the strategy, it is just framing price so that you recognise the setups.

My only hope is that I can consistently make money and anyone that visits the thread can see that it can be done with persistence. FF is so full of BS & distraction it is a wonder anyone keeps going, this thread was refreshingly different. But I guess they have their business model to protect and of course lets not forget covert sellers and paid posters, they all have a living to make. My guess is that few make real money out of trading, and those that do are too preoccupied to share.

-22, 3 trades. Frustrating, but I know where the mistakes are so not a total loss.