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Plan the Trade

  • #12,661
  • Feb 25, 2020 10:48am Feb 25, 2020 10:48am
Quoting onejester
This has to be at the pinnacle of frustration watching this high ATR shit. Called all 3 of these, but I know if I dare get in it will take my stops. I'm thinking maybe I can't afford to trade futures. I guess there are worse problems to have. {image} Yep seriously. What to do. {image}
coronavirus would be a worse problem. I have been treating this high volatility to practice/spot entries etc. only one trade in the past week I closed for
minus 1 as it looked too crazy. I am sure some are banking ticks during this time. Just wait it out, things will settle down to manageable market
conditions. you are not losing by not trading either. hope your wife's foot is healing well.
good luck
regards
goma
  • #12,662
  • Feb 25, 2020 12:26pm Feb 25, 2020 12:26pm
Thanks buddy, I just picked her up from the hospital. They took the plaster off! She must have healing powers of an ox. Mind you she broke her wrist 3 years ago and after a couple of pins, that healed up ridiculously quickly. Just as well as she is a ball breaker when she can't get around

I think you are right with the volatility. Just gotta be patient. Hell, I got this far...
'in less than half an hour he made over 100 ticks'
  • #12,663
  • Feb 28, 2020 10:20am Feb 28, 2020 10:20am
Just messing around with break trades in sim while the atr madness continues +1 @ 7. If only I could afford to put the stops above structure. Still good practice..

Have a good one guys & gals.

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'in less than half an hour he made over 100 ticks'
  • #12,664
  • Feb 28, 2020 10:40am Feb 28, 2020 10:40am
market obviously has changed with the virus scare so i reduced lot size to 2 and increased target and stop to 48 larger scalp which is not a problem some candles are over 100 ticks in 20 seconds so same money less comm. instead of stop below point 1 i use the conventional stop under point 3. make sure point 3 is 10 points or less for the 123 setup
  • #12,665
  • Mar 2, 2020 9:07am Mar 2, 2020 9:07am
Woulda

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'in less than half an hour he made over 100 ticks'
  • #12,666
  • Mar 2, 2020 10:23am Mar 2, 2020 10:23am
Quoting Divergence
market obviously has changed with the virus scare so i reduced lot size to 2 and increased target and stop to 48 larger scalp which is not a problem some candles are over 100 ticks in 20 seconds so same money less comm. instead of stop below point 1 i use the conventional stop under point 3. make sure point 3 is 10 points or less for the 123 setup
thanks for this Harold .. traded sim today to test .. 2nd signal was +33 before coming back:

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Become the casino
  • #12,667
  • Mar 2, 2020 10:25am Mar 2, 2020 10:25am
maybe revise to +1 after 24
Become the casino
  • #12,668
  • Mar 2, 2020 12:38pm Mar 2, 2020 12:38pm
Quoting erasmus66
maybe revise to +1 after 24
you misses one
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  • #12,669
  • Mar 2, 2020 2:33pm Mar 2, 2020 2:33pm
thanks Harold .. i misunderstood .. you mean 10 ticks or less between points 1 and 3:

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Become the casino
  • #12,670
  • Mar 2, 2020 2:40pm Mar 2, 2020 2:40pm
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Become the casino
  • #12,671
  • Mar 2, 2020 5:17pm Mar 2, 2020 5:17pm
Quoting erasmus66
thanks Harold .. i misunderstood .. you mean 10 ticks or less between points 1 and 3: {image}
no stop is below point 3 now but point 3 candle cant be more than 12 POINTS not ticks
  • #12,672
  • Edited 10:54pm Mar 2, 2020 9:31pm | Edited 10:54pm
Does this mean that the distance from the entry point to the stoploss of point 3 is less than or equal to 12 points?
If the normal days are 3 points?

Thanks Harold
  • #12,673
  • Mar 3, 2020 6:12am Mar 3, 2020 6:12am
Quoting Divergence
{quote} no stop is below point 3 now but point 3 candle cant be more than 12 POINTS not ticks
i understand makes sense .. 12 points equals 48 ticks
Become the casino
  • #12,674
  • Mar 3, 2020 9:23am Mar 3, 2020 9:23am
Hopefully no one got caught on the wrong side of that sh*t storm. WOW!! Over 200 points in one minute on NQ. Trade safe, you never know what is going to happen in these markets.

edit: Press conference in about 30 minutes from this post. Should stir it up again.
  • #12,675
  • Mar 3, 2020 10:08am Mar 3, 2020 10:08am
Quoting magnumfreak
Hopefully no one got caught on the wrong side of that sh*t storm. WOW!! Over 200 points in one minute on NQ. Trade safe, you never know what is going to happen in these markets. edit: Press conference in about 30 minutes from this post. Should stir it up again.
yes wild market .. looking like extended period of uncertainty until we get fix on virus
Become the casino
  • #12,676
  • Mar 3, 2020 10:21am Mar 3, 2020 10:21am
Quoting magnumfreak
Hopefully no one got caught on the wrong side of that sh*t storm. WOW!! Over 200 points in one minute on NQ. Trade safe, you never know what is going to happen in these markets. edit: Press conference in about 30 minutes from this post. Should stir it up again.
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  • #12,677
  • Mar 3, 2020 10:40am Mar 3, 2020 10:40am
Couple of sim entries pre market. Stuck for time today, but my purse won't allow me to get involved. No use trying to pretend.
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'in less than half an hour he made over 100 ticks'
  • #12,678
  • Mar 4, 2020 9:11am Mar 4, 2020 9:11am
Please make it stop

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'in less than half an hour he made over 100 ticks'
  • #12,679
  • Mar 4, 2020 9:39am Mar 4, 2020 9:39am
Quoting onejester
Please make it stop {image}
I am of the opinion we have several more weeks of this
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  • #12,680
  • Mar 4, 2020 9:43am Mar 4, 2020 9:43am
a chart from practicing this morning. looking at it I think I missed one or two as it was happening. I put the lines in first and fill in
the 1-2-3 s afterwards. it pays to be picky.
good luck
regards
goma

ps: thought for the day
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