Plan the Trade

Hi Harold, I have seen in your charts that you use the ATR (Smp, 1). Is it a visual aid to see the size of the candles? Or does it have another function? Do you only consider only the size of the body, or is it the candle with wicks included?

i was just testing to give me heads up on candle size for point 3 candle but it gives the whole candle so i took it off

I think I can finally contribute something useful ;-)
The "Bar Difference" study allows you to show the size of the body of the candle in ticks or points. The sign + or - is irrelevant, only the absolute value counts.
My eyes are still not fast enough to see everything together, but step by step I will make it ;-)

+31 so far, might take a look again later.

For me, waste of time at the moment just slowly emptying my account. All bets are off.

Divergence updated his strategy, didn’t you see the new rules?

Nope because I'm not using his strategy. My poor performance is down to me personally. How are things for you?

Which rules are you following? This week has been flat for me.

Predominantly 123 breaks, but I seem to have lost my mojo a little. Too much chop for me. I'll get it back, just a patience game. Better flat than losses.

Been slaughtered already this week after a promising start - lack of discipline crept in (pre-market trading, revenge trading etc etc) and i'm now back at b/e on stage 2 of the TST combine; nearly a 1k loss for the week, so no more trading until next week and after a plan in place to stop the self sabotage!

Sorry to hear that. I was just being plain greedy trying to go for bigger moves, but I just can't afford the stops so my focus is back to just chipping away.

Sorry to hear you guys are having a bad time. There’s one thing to take away from this though, is that perhaps you shouldn’t blame yourselves since everyone’s performance is poor, maybe it’s just a bad week where 123s just aren’t working. No?

My trades today.
I´m moving to BE+1 at 5, is it to soon ?

Some days they just don't take off and it is what it is. The trick is knowing when to stay out and not revenging, when price bars are behaving like a party horn is one sign for me. Like today.

definitlly a tough week mon 1 1/2 wins tues and today flat

Too fast for me after what I've been used to. Shame really, because I want my money...

Edit + 20. I switched to 'good ole' pullbacks for today.

alright,you will have to put up with me again for a while. schedule changing back so I thought I would experiment (sim trades so it wouldn't hurt too much),
with trailing stops. added a 5T neg trailing stop so if hit I put a take profit at plus1T. I think it creates a buy stop above the mkt if short and a sell stop
below mkt if long. anyways first several trades ended flat. changed it again so first trailing stop to be activated minus 6 with a plus2T close, created
a minus2, minus 3 plus 3. this was all pre-ny open. took a coffee break, changed parameters a bit back to plus5 with a 2T trailing stop first, and a
minus 7T trigger/stop to close at 1T. I think the software on multicharts (and I could be totally wrong on this) interprets each level of trailing stops to be followed
by my set amount of tick to close plus or minus. on the next to last trade on sim I accidentally cancelled the bracket (plus19T profit minus 15T stop)
so it just went off and I closed it. thank god for sim.
all of the above to say, I have had a nagging thought as to, why am I limiting my profit to plus 2T or so when it swings up 5 or 6T but not limiting my downside
liability when I enter wrong, as often happens. thought I would play around with the premise if I enter long when I should have been short or vice-versa,
why not get out before taking my 15T (or whatever) stop and limit my downside. since I can add multi railing stops I can still add a plus5T swing back into the
green touch which then raises my trailing stop to plus 2T etc.
lots of slippage this morning, in both directions. market conditions early in the session tell me to wait until things slow down a it, if ever in the nq for my
risk parameters before live trades.
good luck
regards
goma

active day 4 wins 1 loss 4 1/2 win net week