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Plan the Trade

  • #13,181
  • Aug 1, 2020 1:27pm Aug 1, 2020 1:27pm
Nice thread. I look it from time to time.
I catch a picture from a video post earlier and found a great example how I scalp, if I have time for it.
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Perfection is the enemy of good enough!
  • #13,182
  • Edited 5:48am Aug 2, 2020 4:59am | Edited 5:48am
Quoting MichaelSch
Nice thread. I look it from time to time. I catch a picture from a video post earlier and found a great example how I scalp, if I have time for it. {image}
Great input MichaelSch

I think the best take away from what we are discussing here is that as an example, we are using one line as a point of reference. How you interpret your actions in conjunction with that line, there are no other distractions.

For instance if price isn't beating/breaking the line hard should I even be trading/will my setups work/have they in the past? What are the conditions when I keep getting +1's? Can I realistically afford the stop based on structure?
'in less than half an hour he made over 100 ticks'
  • #13,183
  • Aug 3, 2020 9:02am Aug 3, 2020 9:02am
Theres the new historic highs
  • #13,184
  • Aug 3, 2020 9:12am Aug 3, 2020 9:12am
Couple longs. Runners taken out at BE
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  • #13,185
  • Aug 3, 2020 10:04am Aug 3, 2020 10:04am
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I read the last days and do not cover how you guys work out your trades, but must be okay. Thread is active all the time. I will not respectless, only show how i see the charts.
Perfection is the enemy of good enough!
  • #13,186
  • Aug 3, 2020 5:18pm Aug 3, 2020 5:18pm
Blew up the pro account today, back to step 2 (Topsteptrader).
  • #13,187
  • Aug 3, 2020 5:35pm Aug 3, 2020 5:35pm
Quoting Noeyedear
Blew up the pro account today, back to step 2 (Topsteptrader).
Sorry to hear that. Thanks for the honesty.

I'm finding it tough, saw a couple today but the stops didn't suit me & I'm in no position to risk it.
'in less than half an hour he made over 100 ticks'
  • #13,188
  • Aug 4, 2020 5:26am Aug 4, 2020 5:26am
Quoting Noeyedear
Blew up the pro account today, back to step 2 (Topsteptrader).
at least it's back to step 2 and not step 1 .. you've done it before so you can do it again
Become the casino
  • #13,189
  • Aug 4, 2020 6:43am Aug 4, 2020 6:43am
thx Ras, how's it going for you?
  • #13,190
  • Aug 4, 2020 7:36am Aug 4, 2020 7:36am
Quoting Noeyedear
thx Ras, how's it going for you?
here's my last 10 days:

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Become the casino
  • #13,191
  • Aug 4, 2020 7:49am Aug 4, 2020 7:49am
Nice one, thx for sharing this.
  • #13,192
  • Aug 4, 2020 8:17am Aug 4, 2020 8:17am
Quoting onejester
{quote} Great input MichaelSch I think the best take away from what we are discussing here is that as an example, we are using one line as a point of reference. How you interpret your actions in conjunction with that line, there are no other distractions. For instance if price isn't beating/breaking the line hard should I even be trading/will my setups work/have they in the past? What are the conditions when I keep getting +1's? Can I realistically afford the stop based on structure?
some rules to live by. if you can't afford the stop, well you know the rest. that would be my main criticism re:topstep you have to trade, when maybe
per your own risk profile/method you might not want to.
heading back to the dentist in a couple so will miss the early hours. (another form of pain). a little pre-market analysis just to make sure
I still have some semblance of recognizing price action. this is more trader Vic's method of 1-2-3s he used for topping/bottoming formations.
granted on the 1min chart and a 5point range on low vol is like playing T-ball vs. a 97mph fastball. check in later when the drugs wear off.
regards
goma
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  • #13,193
  • Aug 4, 2020 8:57am Aug 4, 2020 8:57am
+10, +20 (1000tick chart)
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  • #13,194
  • Aug 5, 2020 9:06am Aug 5, 2020 9:06am
+10, +20, coming up off session lows. Slipped a tick on one contract on entry (1000tick chart)
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  • #13,195
  • Aug 5, 2020 9:14am Aug 5, 2020 9:14am
Quoting bapakjason
+10, +20, coming up off session lows. Slipped a tick on one contract on entry (1000tick chart) {image}

do you use double target with closing partially
  • #13,196
  • Aug 5, 2020 9:38am Aug 5, 2020 9:38am
You guys must have done better today (I know it is Wednesday)! I hesitated on the first one, 2nd was too fast and not a Harold 123. Got the 3rd (1 trade). Wasn't paying attention for the 4th. In any case there was an easy + 40 there if I'd had my wits about me.

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'in less than half an hour he made over 100 ticks'
  • #13,197
  • Aug 5, 2020 10:35am Aug 5, 2020 10:35am
I have been helping a friend build a barn this week so I haven't traded any. Busy during the day and too tired at night. LOL. Although I may get a chance tomorrow since we have run out of material to build with and may not get any for a couple of days.

Really tight price movement today. Kind of glad I didn't trade.
  • #13,198
  • Aug 5, 2020 10:44am Aug 5, 2020 10:44am
2 trades this morning, first time I've had a chance to sit down (w/o pain meds) in a while. a minus 8T and a plus 9T. missed 3 entries,
all sell set ups, lots of 1-2-3's in sideways/range bound area. 30sec chart seemed about right for current price action/market conditions
for me. 2 charts below, one earlier to show missed trades.
regards
goma
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  • #13,199
  • Aug 5, 2020 8:41pm Aug 5, 2020 8:41pm
Quoting crazyfizikci
{quote} do you use double target with closing partially
Double target
  • #13,200
  • Edited 11:58am Aug 6, 2020 10:16am | Edited 11:58am
Arrived late & not so good today ended up - 14

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'in less than half an hour he made over 100 ticks'
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