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Plan the Trade

  • #13,281
  • Sep 9, 2020 2:32pm Sep 9, 2020 2:32pm
Quoting capstone
Anybody else's Sierra having trouble keeping up with this? It has "micro" freezes and the candle will jump 10 points all at once. Sometimes...it just freezes for 5 seconds or more.
Was watching 512 live earlier & saw this behaviour.
'in less than half an hour he made over 100 ticks'
  • #13,282
  • Sep 10, 2020 1:09pm Sep 10, 2020 1:09pm
Don't forget this is rollover time. Should still be normal volume on the current contract on Friday. Monday I expect it to start swinging over to the new contract.

Still trading sim right now. Interesting day. Even with the volatility I stuck to the 5 min chart and had some interesting results. I refined my rules a bit and will go back to live trading on Monday. Going to do some backtesting this evening to confirm what I saw on the charts today. Sometimes things that work really well one day suck any other time. Need to check it out some before committing any money to it.
  • #13,283
  • Sep 11, 2020 8:16am Sep 11, 2020 8:16am
Had my TP set @ + 40, got to +39, it reversed on me but the slippage on exit whacked me as I closed down to +11. Fckers, it slipped me from the green line to the physical entry also. The first trade + 20, but quickly back to zero. If I'd had TP at + 20, I woulda been up + 40, but of course hindsight...

Have a good one guys.

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'in less than half an hour he made over 100 ticks'
  • #13,284
  • Sep 11, 2020 8:22am Sep 11, 2020 8:22am
..back on the TopStepTrader pro account again, as of yesterday - i lost regular work in July and put too much pressure on myself to make trading work to replace the income. Over the last few weeks i've taken a night shift at an Amazon warehouse (i'm based in the UK) and trade the early US session before leaving for the next shift. Taking the pressure off a little has helped reduce the number of trades significantly with more focus on the gimmee setups - if i find myself down on 2 consecutive trades, i'm done for the day.

@Ras - hope you're getting on ok with the combine. All the best.

Good trading everyone.
  • #13,285
  • Sep 11, 2020 8:36am Sep 11, 2020 8:36am
Three trades today all on the 5 min chart. Seems weird trading the 5 min in all of this volatility but it works nicely. Last day of sim trading.

Trade 1: -14 ticks. Would have been a good trade had I followed the rule I set where no stops can be moved between 9 and 10 am eastern time. No biggie. Small loss.
Trade 2: +311 ticks. Moved my target down when price seemed to be stalling.
Trade 3: +41 ticks. This one would have still been going on but I have something to go do this afternoon. If I was still in on the trade it would be up about 240 ticks at this point.

Ignore the red lines. Multicharts thinks these are closing out trades from another day. Not sure why. But they are not indicators.

Final count is +338 ticks.

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  • #13,286
  • Sep 11, 2020 8:39am Sep 11, 2020 8:39am
One trade today. A classic Harold 123. In sim, like magnum, with 300 fewer ticks. Well done magnum!
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,287
  • Sep 11, 2020 8:39am Sep 11, 2020 8:39am
Nice, MF! Good luck live next week.
  • #13,288
  • Sep 11, 2020 9:32am Sep 11, 2020 9:32am
looks like I missed a wild week, volatility as well as price action pretty elevated. spent the week chasing 1st pic below, 80yards was
as close as I could get, too far for an ethical shot with my bow. felt kinda like setting stops. at any rate loaded the front contract
along side the current in the ES. front contract already trading 100k more than current, and about 10pts lower, don't know if this an accurate
indication of expectations, we'll see next week. NQ also similar.
good luck
regards
goma
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  • #13,289
  • Sep 11, 2020 9:32am Sep 11, 2020 9:32am
Quoting Noeyedear
..back on the TopStepTrader pro account again, as of yesterday - i lost regular work in July and put too much pressure on myself to make trading work to replace the income. Over the last few weeks i've taken a night shift at an Amazon warehouse (i'm based in the UK) and trade the early US session before leaving for the next shift. Taking the pressure off a little has helped reduce the number of trades significantly with more focus on the gimmee setups - if i find myself down on 2 consecutive trades, i'm done for the day. @Ras - hope you're getting...
Sorry to hear that. Discipline. easy to say, harder to do. If you are up against it, your trading will suffer. If I had a proper job, I would really struggle with this. Well done for keeping the 2 consecutive trades in mind. Good luck.
'in less than half an hour he made over 100 ticks'
  • #13,290
  • Sep 14, 2020 6:11am Sep 14, 2020 6:11am
contract switch to nqz
Become the casino
  • #13,291
  • Sep 14, 2020 7:22am Sep 14, 2020 7:22am
Quoting Noeyedear
..back on the TopStepTrader pro account again, as of yesterday - i lost regular work in July and put too much pressure on myself to make trading work to replace the income. Over the last few weeks i've taken a night shift at an Amazon warehouse (i'm based in the UK) and trade the early US session before leaving for the next shift. Taking the pressure off a little has helped reduce the number of trades significantly with more focus on the gimmee setups - if i find myself down on 2 consecutive trades, i'm done for the day. @Ras - hope you're getting...
Wishing you the best of patience, discipline, and skill
Hoping very consistent gains become your daily experience
  • #13,292
  • Sep 14, 2020 7:31am Sep 14, 2020 7:31am
Quoting Noeyedear
..back on the TopStepTrader pro account again, as of yesterday - i lost regular work in July and put too much pressure on myself to make trading work to replace the income. Over the last few weeks i've taken a night shift at an Amazon warehouse (i'm based in the UK) and trade the early US session before leaving for the next shift. Taking the pressure off a little has helped reduce the number of trades significantly with more focus on the gimmee setups - if i find myself down on 2 consecutive trades, i'm done for the day. @Ras - hope you're getting...

great work getting back to pro account well done .. i blew up the combine when mkt went volatile week before last .. just done a reset
Become the casino
  • #13,293
  • Sep 14, 2020 7:55am Sep 14, 2020 7:55am
Quoting bapakjason
{quote} Wishing you the best of patience, discipline, and skill Hoping very consistent gains become your daily experience
Thank you for the encouragement; what a friendly/supportive group of regulars we have here
  • #13,294
  • Sep 14, 2020 8:02am Sep 14, 2020 8:02am
Quoting erasmus66
{quote} great work getting back to pro account well done .. i blew up the combine when mkt went volatile week before last .. just done a reset
Good luck with the reset, Ras, you will soon be on track again - the volatility increase is def a mixed blessing and caught me out a few times throughout the combine. I pay much closer attention to a faster ATR these days
  • #13,295
  • Sep 14, 2020 9:00am Sep 14, 2020 9:00am
Quoting Noeyedear
{quote} Good luck with the reset, Ras, you will soon be on track again - the volatility increase is def a mixed blessing and caught me out a few times throughout the combine. I pay much closer attention to a faster ATR these days
market conditions are a killer lately (most of the year so far). had a late trade plus 3T friday. nothing this morning, missed 2 set ups on the 1 min chart
with the MESZ contract. first one I should have not been so greedy, second on it just took off.
are all of you trading with the topstep, required to trade the NQ? just curious.
included a set up from "the law of charts" to show what I was looking at.
need some stronger caffine, good luck all.
regards
goma
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  • #13,296
  • Sep 14, 2020 9:06am Sep 14, 2020 9:06am
Quoting goma
{quote} market conditions are a killer lately (most of the year so far). had a late trade plus 3T friday. nothing this morning, missed 2 set ups on the 1 min chart with the MESZ contract. first one I should have not been so greedy, second on it just took off. are all of you trading with the topstep, required to trade the NQ? just curious. included a set up from "the law of charts" to show what I was looking at. need some stronger caffine, good luck all. regards goma {image}{image}{image}
..not limited to NQ.
https://help.topsteptrader.com/hc/en...s-can-I-trade-
  • #13,297
  • Sep 15, 2020 8:38am Sep 15, 2020 8:38am
wayyyyy choppy this morning. missed several "setups" that would have stopped out. nothing is 100%. watch a bit more and then let it alone for the day.
between fed tmro and new stimulus (market jungle juice for the robinhooders), just too erratic. hope all are faring more profitably.
regards
goma
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  • #13,298
  • Sep 15, 2020 8:43am Sep 15, 2020 8:43am
Hey Magnum. I know you said you were going live again this week. How has the first couple of days been treating you?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,299
  • Sep 15, 2020 9:37am Sep 15, 2020 9:37am
Quoting capstone
Hey Magnum. I know you said you were going live again this week. How has the first couple of days been treating you?
LOL! Was just about to post.

No trades on Monday, just didn't feel good. One trade today for +53 ticks off of the 5 min chart.

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  • #13,300
  • Sep 15, 2020 1:10pm Sep 15, 2020 1:10pm
Well done on the profitable start!
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