Plan the Trade | Page 644 | 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

  • #12,861
  • Apr 22, 2020 9:19am Apr 22, 2020 9:19am
ran to the kitchen for a snack (eggs over easy w/bacon covered in mozzarella on a street tortilla ) came back to range trade from about 8590 to 8604.
one trade plus 7T with a 1T positive slippage on trailing stop.
good luck
regards
goma
Attached Image (click to enlarge)
Click to Enlarge Name: 31a.PNG Size: 29 KB
  • #12,862
  • Apr 22, 2020 12:34pm Apr 22, 2020 12:34pm
Quoting goma
{quote} morning T, I understand your frustration on this style. I have only been using this about a year (and part time at that). previous years (decades in some cases) of trading can color your ability to be objective to what you are looking for. not that other styles/methods of trading do not work, some do on certain time frames, market conditions etc. I know I have had success with, just not in this scenario. now that I have an idea of what I am looking for, the most difficult thing for me is following the setups at the speed that they happen,...
Problem getting the PDF ?
I found second link down on this link downloads PDF......hope this helps

https://www.google.com/search?q=law+...ss+pdf&ie=&oe=
every Saint has a past. Every Sinner has a Future
  • #12,863
  • Apr 23, 2020 8:19am Apr 23, 2020 8:19am
Any Futures guys here ever trade this creature ( Euro FX Globes -EU6M 20 )?
What do you make of it ?
Attached Image (click to enlarge)
Click to Enlarge Name: EuroFXglobexJune2020.png Size: 316 KB
every Saint has a past. Every Sinner has a Future
  • #12,864
  • Edited 10:13am Apr 23, 2020 8:22am | Edited 10:13am
- 41 today, such is life. Gave me all the signals to leave it alone, should have listened. I think one of the things that catch many out (including myself) is the switch to lower volatility. You become used to the high & thats when it catches you out, as price doesn't dance to the same tune.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-04-23 at 17.21.35.png Size: 58 KB


Edit, back to - 25
'in less than half an hour he made over 100 ticks'
  • #12,865
  • Apr 23, 2020 8:53am Apr 23, 2020 8:53am
Quoting onejester
- 41 today, such is life. Gave me all the signals to leave it alone, should have listened. I think one of the things that catch many out (including myself) is the switch to lower volatility. You become used to the high & thats when it catches you out, as price doesn't dance to the same tune. {image}
Definitely an awareness (or lack of awareness) of 'what kind of day' it is will impact the decisions we make !
  • #12,866
  • Apr 23, 2020 11:10am Apr 23, 2020 11:10am
market conditions make a difference, singing my song. missed the morning session, waiting around while my vehicle was in for servicing.
saw the big dump earlier, hopefully all had stops set if long. tried a couple of entries but too much volatility.
good luck
regards
goma

(make sure I have the correct days' chart)
Attached Image (click to enlarge)
Click to Enlarge Name: 32.PNG Size: 24 KB
  • #12,867
  • Apr 23, 2020 8:37pm Apr 23, 2020 8:37pm
Quoting turnip15
Any Futures guys here ever trade this creature ( Euro FX Globes -EU6M 20 )? What do you make of it ? {image}
when you compare price movement with Nasdaq(beast) EU6 is really slow and not sharp. liquidity and PA is good for scalping. Trading hours same as forex
  • #12,868
  • Apr 24, 2020 3:07am Apr 24, 2020 3:07am
Quoting crazyfizikci
{quote} when you compare price movement with Nasdaq(beast) EU6 is really slow and not sharp. liquidity and PA is good for scalping. Trading hours same as forex
Appreciate your reply. Thank you.
every Saint has a past. Every Sinner has a Future
  • #12,869
  • Apr 24, 2020 6:01am Apr 24, 2020 6:01am
never traded this one, only eurusd on forex. took a few liberties with your chart, might try same methods to this one. I would have to
slow my metabolism back down not to be too impatient with this one, but I believe same principles should work.
good luck,
regards
goma

note: I would probably remove the squiggly line running through it
Attached Image (click to enlarge)
Click to Enlarge Name: 32a.PNG Size: 50 KB
  • #12,870
  • Apr 24, 2020 6:35am Apr 24, 2020 6:35am
Quoting goma
never traded this one, only eurusd on forex. took a few liberties with your chart, might try same methods to this one. I would have to slow my metabolism back down not to be too impatient with this one, but I believe same principles should work. good luck, regards goma note: I would probably remove the squiggly line running through it {image}
Thanks for marking up the chart. Especially the 123's since I have a problem getting my head around them. Feel free to continue to mark it up :-)
every Saint has a past. Every Sinner has a Future
  • #12,871
  • Apr 24, 2020 7:45am Apr 24, 2020 7:45am
+8, 1 trade. Too many distractions in this prison for me today.
'in less than half an hour he made over 100 ticks'
  • #12,872
  • Apr 24, 2020 11:06am Apr 24, 2020 11:06am
took a late trade after getting back to the screen. J you need to get out of prison once a day, it helps. plus 5T closed by trailing stop minus
1 slippage, liquidity low this time of day. watched a RH form after 2B break, unsure if it would reverse at that point being around the whole
number, (see chart below) watched it jump up another 4-5pts, then reverse back down below 8700 before flying back above. glad I
left it alone, ripe for getting chewed up. have a good weekend all.
regards
goma
Attached Image (click to enlarge)
Click to Enlarge Name: 33.PNG Size: 36 KB
  • #12,873
  • Apr 24, 2020 1:34pm Apr 24, 2020 1:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 144 KB
Become the casino
  • #12,874
  • Apr 27, 2020 6:09am Apr 27, 2020 6:09am
good morning all, (at least it is here). amp lowered overnight margins to daytrading margin req's, so looked at some early trades. mkt seems to
be holding it's breath until the open on low liquidity. tried, missed one trade so just marked up a chart as I saw it. will get back on it once NY opens.
good luck
regards
goma
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 34.PNG Size: 29 KB
Click to Enlarge Name: 2bp10.png Size: 16 KB
  • #12,875
  • Apr 27, 2020 9:01am Apr 27, 2020 9:01am
Here's what i mean about that pattern from CG. I dont know, maybe this is what Harold meant by a '1,2,3 back into the trend' ??
Attached Image (click to enlarge)
Click to Enlarge Name: 20200427_233700.jpg Size: 85 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NQ CG 10range long-1.PNG Size: 46 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NQ CG 10range sell-1.PNG Size: 44 KB
  • #12,876
  • Apr 27, 2020 9:12am Apr 27, 2020 9:12am
Or CG's post number #6,681 here where he calls it a "corrective move" and labels it ABC as price pullsback in a larger down trend . . . .
  • #12,877
  • Apr 27, 2020 10:47am Apr 27, 2020 10:47am
Quoting bapakjason
Or CG's post number #6,681 here where he calls it a "corrective move" and labels it ABC as price pullsback in a larger down trend . . . .
I think we are focusing in on the same pattern, which decision to follow, a 2B change of trend (if only for 5-10pts ) or pullback to resume into
the larger downtrend. took 5 trades today, ended flat minus 17, plus 10, plus 2, plus 2 and plus 3. statistically that's 4 out of 5 wins, first entry
looks like a mistake anticipating a 2b, the rest trailing stops hit (still experimenting on this one). stayed on longer, pockets of liquidity around
the 8th's (8862.5, 50, 37.5, 25 etc.) I still believe market conditions are not optimal, although certainly much better than recently.
good luck
regards
goma
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 34a.PNG Size: 46 KB
Click to Enlarge Name: 34b.PNG Size: 37 KB
  • #12,878
  • Apr 27, 2020 12:24pm Apr 27, 2020 12:24pm
I backtested the 123 setup and found the following, it seemed better to trade using the high and lows when setting the swing points. 200tick chart and 30 ticks TP and SL:
Attached Image (click to enlarge)
Click to Enlarge Name: Capture high lows.PNG Size: 173 KB
So many in the Commercial section want to make me rich! :o
  • #12,879
  • Apr 27, 2020 7:02pm Apr 27, 2020 7:02pm
Quoting goma
{quote} I think we are focusing in on the same pattern, which decision to follow, a 2B change of trend (if only for 5-10pts ) or pullback to resume into the larger downtrend. took 5 trades today, ended flat minus 17, plus 10, plus 2, plus 2 and plus 3. statistically that's 4 out of 5 wins, first entry looks like a mistake anticipating a 2b, the rest trailing stops hit (still experimenting on this one). stayed on longer, pockets of liquidity around the 8th's (8862.5, 50, 37.5, 25 etc.) I still believe market conditions are not optimal, although certainly...
I am trading ES, but just thought I would pull up an NQ chart and see if I saw the pattern on NQ. On ES its nice to see a reliable pattern happen in confluence with other elements (volume profile or absorption or divergence), so a pattern plus stacking the odds with confluence.
Good luck guys. I still enjoy this thread.

Jason
  • #12,880
  • Apr 27, 2020 9:38pm Apr 27, 2020 9:38pm
Quoting bapakjason
{quote} I am trading ES, but just thought I would pull up an NQ chart and see if I saw the pattern on NQ. On ES its nice to see a reliable pattern happen in confluence with other elements (volume profile or absorption or divergence), so a pattern plus stacking the odds with confluence. Good luck guys. I still enjoy this thread. Jason
IMHO, Now volatility is high in ES so it is good to trade and have several chance to see patterns. once market cools down volatility less and PA will be narrow so difficult to trade in short period.To keep eye on NQ, so eyes will be familiar for volatility. l am only talking for 123s and 2b trade
14 traders viewing now