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  • #701
  • May 13, 2020 6:57am May 13, 2020 6:57am
Quoting Rmg
{quote} 1.2% on the challenge account. 100 ticks on futures same time. {image}
nice
Insanityoing same ting over expecting different results..Einstein
  • #702
  • May 13, 2020 8:33am May 13, 2020 8:33am
Drawn these lines months before, 23200 levels would be good target for shorts, who knows might reach 23k tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: ym 60m.png Size: 42 KB
on a postive roll...
  • #703
  • May 13, 2020 8:41am May 13, 2020 8:41am
Quoting Rmg
{quote} 1.2% on the challenge account. 100 ticks on futures same time. {image}
Using ctrader for ftmo? BTW Goodluck with that....
  • #704
  • May 13, 2020 8:47am May 13, 2020 8:47am
Quoting Patje
{quote} Using ctrader for ftmo? BTW Goodluck with that....
Yes, i am using c trader (purple) all good but higher spread for DOW.
on a postive roll...
  • #705
  • May 13, 2020 9:24am May 13, 2020 9:24am
Done before 11am
Great day for shorting. The cards were shown around 9:41 for me, some large sells gave it away.
Didn't get this entire leg down, but I kept selling and covering in waves.
I'm coming up with my own term for this morning's pattern, I call it the sucker bounce setup.
Attached Image
  • #706
  • May 13, 2020 9:34am May 13, 2020 9:34am
Quoting 133usd
Done before 11am Great day for shorting. The cards were shown around 9:41 for me, some large sells gave it away. Didn't get this entire leg down, but I kept selling and covering in waves. I'm coming up with my own term for this morning's pattern, I call it the sucker bounce setup. {image}
Good day for all, Post image of your suckers bounce setup if possible.
on a postive roll...
  • #707
  • May 13, 2020 10:27am May 13, 2020 10:27am
Suckers bounce, dead cat bounce? Trapped longs, bull trap maybe.

Where the white circles are (I drew those in), are the suckers bounce. Perfectly fine to scalp long if you are ready for the eventual failure and you get out quickly.
I call it that probably because I can remember trading as a total novice and buying on the 4th or 5th bounce right at the point of failure LOL! Tuition paid in full.
There seems to almost always be a shakeout before a move, with counter-trading forces always at work.

I should be recording my time and sales data to replay it. There's usually a subtle 1-3 orders that are larger, which anticipate the turn, but not always is it perfect.

Pattern & pattern failures, everyday.
Putting it in bold taped to my screen.
I keep reminders and rules up on a white board.
Attached Image (click to enlarge)
Click to Enlarge Name: suckers bounce dead cat.JPG Size: 102 KB
  • #708
  • May 13, 2020 10:41am May 13, 2020 10:41am
Quoting 133usd
Suckers bounce, dead cat bounce? Trapped longs, bull trap maybe. Where the white circles are (I drew those in), are the suckers bounce. Perfectly fine to scalp long if you are ready for the eventual failure and you get out quickly. I call it that probably because I can remember trading as a total novice and buying on the 4th or 5th bounce right at the point of failure LOL! Tuition paid in full. There seems to almost always be a shakeout before a move, with counter-trading forces always at work. I should be recording my time and sales data to replay...
That's a bear flag /3 push retracement my favourite set up too. Similar set up brewing now on 5 minutes tf possibly another leg south before close.
on a postive roll...
  • #709
  • May 13, 2020 11:27am May 13, 2020 11:27am
Quoting Rmg
{quote} That's a bear flag /3 push retracement my favourite set up too. Similar set up brewing now on 5 minutes tf possibly another leg south before close.

Yeah that's the term I was looking for, bear flag!
I was also kinda thinking of another leg down too. Let's see what happens I guess.
  • #710
  • May 13, 2020 11:47am May 13, 2020 11:47am
Quoting 133usd
{quote} Yeah that's the term I was looking for, bear flag! I was also kinda thinking of another leg down too. Let's see what happens I guess.
Same pattern on daily..
Attached Image (click to enlarge)
Click to Enlarge Name: ym daily.png Size: 30 KB
on a postive roll...
  • #711
  • May 13, 2020 9:34pm May 13, 2020 9:34pm
Quoting Rmg
{quote} Same pattern on daily.. {image}

...Bear flags all day long baby! Let's make some money!
  • #712
  • May 13, 2020 9:41pm May 13, 2020 9:41pm
So, uhm... I broke a rule tonight
Traded the evening session...which isn't my cup-o-tea, but maybe it is actually
I'm on it tonight, but I am exhausted and quitting while I am ahead
Stay thankful if you have your health. I know people with Covid19 now... It is downright nasty.
Attached Image
  • #713
  • May 14, 2020 1:32am May 14, 2020 1:32am
Attached Image
on a postive roll...
  • #714
  • May 14, 2020 2:35am May 14, 2020 2:35am
“When designing a system, I believe it’s important to construct a set of rules that fit more like a mitten than like a glove.”
― Michael W. Covel,
on a postive roll...
  • #715
  • May 14, 2020 2:44am May 14, 2020 2:44am
“The best place to live on this curve is the spot where you can deal with the emotional aspect of equity drawdown required to get the maximum return. How much heat can you stand? Money management is a thermostat—a control system for risk that keeps your trading within the comfort zone. Gibbons Burke5”

― Michael W. Covel
on a postive roll...
  • #716
  • May 14, 2020 3:06am May 14, 2020 3:06am
Attached Image (click to enlarge)
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on a postive roll...
  • #717
  • May 14, 2020 5:31am May 14, 2020 5:31am
Quoting Rmg
{image}

I love that bear looking in the window! Gave me a good laugh.

Sell-off all night it looks like. New low as of around 720am. Bears are back.
I'll sell any pop this morning. Generalized game plan.
  • #718
  • May 14, 2020 5:44am May 14, 2020 5:44am
Quoting 133usd
{quote} I love that bear looking in the window! Gave me a good laugh. Sell-off all night it looks like. New low as of around 720am. Bears are back. I'll sell any pop this morning. Generalized game plan.
I could feel the bears intent on the PA.
on a postive roll...
  • #719
  • May 14, 2020 6:49am May 14, 2020 6:49am
If 22800 breaks next stop will be 22300, bears outta of the woods now.
on a postive roll...
  • #720
  • May 14, 2020 7:19am May 14, 2020 7:19am
whooping 10 ticks today on mym , started with loss earlier in the morning ,couldn't wait for the LO , anyway managed to recover from -100 ticks.
But challenge account fully recovered from the initial 3% loss..
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on a postive roll...
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