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Plan the Trade

  • #13,341
  • Sep 25, 2020 9:35am Sep 25, 2020 9:35am
Quoting capstone
Here is something I have been seeing lately. If you can get past the use of a lagging indicator, this plays out very consistently. Like Tuk, I have had many losses with the 123 and 2b that Harold uses on a naked chart. I prefer to see the wicks and I like the MA's and the slow stoch. I use them all at various times and for various reasons. I have been combing through Stephen Bigalow's stuff and find that I see the chart best in the way he seems to see it. That is what lead me to the stoch. After watching my own charts for a couple of weeks, I noticed...
great work cap thanks for sharing .. could have worked here as well:

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Become the casino
  • #13,342
  • Sep 25, 2020 9:36am Sep 25, 2020 9:36am
get divergence on a 2b then take subsequent 123
Become the casino
  • #13,343
  • Sep 25, 2020 9:37am Sep 25, 2020 9:37am
how did you add your study on lower half of your chart please
Become the casino
  • #13,344
  • Sep 25, 2020 9:53am Sep 25, 2020 9:53am
late trade .. inside 123:

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Become the casino
  • #13,345
  • Sep 25, 2020 9:56am Sep 25, 2020 9:56am
Quoting erasmus66
{quote} great work cap thanks for sharing .. could have worked here as well: {image}
funny, I was also re-creating cap's trade to see what happened. cap, I like to use high-low-close bars which encompass the entire trading range (body, wicks and everything) for the reason I think you are concerned about. ie what amount of the trades on that particular candle/bar are actually in the "wicks"
vs the open/close of the body of the candles. I was never a candle fan anyways so I guess I look for alternatives. anyways, I recreated your cart on
my pgm (amp/multicharts) and looking at the trend, I would have gone short for the win instead of a long that I think you are suggesting. If I
misread your comment on the chart I apologize in advance.
aside, volatility is still elevated (market conditions kinda suck) so have not taken any trades this morning. might get a lull later, we'll see. hey, at least commentary has picked up with the increase in volatility, I like it. good luck
regards
goma
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  • #13,346
  • Sep 25, 2020 9:56am Sep 25, 2020 9:56am
Quoting Noeyedear
I'm trading off the 1min and occasionally drop lower. Quick day today. {image} {image}
top work well done
Become the casino
  • #13,347
  • Sep 25, 2020 10:05am Sep 25, 2020 10:05am
Quoting capstone
ddaytrader, I don't think anyone is questioning what you are saying. In fact, before you came back around, many of us were looking at higher timeframes, as evidenced by posts that happened while you were not here and participating. I can't speak for others, but for myself, it was that you came back and in your second post, called us "small thinkers". I'm sure you have to a ton to offer us, but a more gracious tone would probably help you to get your message across. Tuk's post right before yours is a great example to follow in that. Just my opinion...
"small thinkers" or 'scared was it' GTFO

lmfao. Look what a good guy divergence is in comparison. If DD were a troll, I'd accept it & take the piss. But when you consider the context of the thread, when you have to come on here running your mouth in that way, it is arrogance. And it isn't the first time.

Most of you guys here don't need to be told what to do, you can either afford the stops or you can't. If you can't then you are just gambling, or impatient. Or both.
Of that I have been guilty this week. Why? Because the market conditions don't suit the strategy, even Harold has changed markets.

All you need is Harold's video's, and the right market conditions. If you are still having difficulty, your head ain't ready or the market conditions stink. The question is, how do you know? Experience, watching price. Takes time & dedication, there isn't a silver bullet.

Anything else is just a distraction. If you want to go & play with indicators & other timeframes, take a look at the attachment. Courtesy of Robdragon over on Rockypoints thread

Have a good one guys (sorry to rant).
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File Type: pdf 60 Minute Change of Momentum Trading SystemRockyRobdragon.pdf   369 KB | 678 downloads
'in less than half an hour he made over 100 ticks'
  • #13,348
  • Sep 25, 2020 10:15am Sep 25, 2020 10:15am
Quoting erasmus66
{quote} top work well done
cheers Ras, hope you're doing ok with the combine.
  • #13,349
  • Sep 25, 2020 10:16am Sep 25, 2020 10:16am
Quoting erasmus66
get divergence on a 2b then take subsequent 123
Been there, be careful. I thought it was the way, but another dead end when the market changes.
'in less than half an hour he made over 100 ticks'
  • #13,350
  • Sep 25, 2020 12:33pm Sep 25, 2020 12:33pm
one more trade during a relatively slow time. hesitated on a couple of breakouts of congestion with the trend. 1-2-3s and some ross hooks
looked good but today's volatility slowed my mouse click finger. breakout below the previous congestion and trend, waited for the rebound and sold for plus 11T.
have a good weekend all
regards
goma
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  • #13,351
  • Sep 25, 2020 12:43pm Sep 25, 2020 12:43pm
Quoting erasmus66
{quote} great work cap thanks for sharing .. could have worked here as well: {image}
True. I do find that the 123 after the divergence is better. There wasn't one there, it just fell, which is why i didn't take it. That being said, i have no hard numbers or stats on it.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,352
  • Sep 25, 2020 1:11pm Sep 25, 2020 1:11pm
nice week trading the dow. NQ to volitile and dow works fine todays trades
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  • #13,353
  • Sep 25, 2020 2:19pm Sep 25, 2020 2:19pm
Quoting Divergence
nice week trading the dow. NQ to volitile and dow works fine todays trades {image}
Just added CBOT, I was initially thinking ftse, but the stops look to suit my needs on this. Appreciate the suggestion.
'in less than half an hour he made over 100 ticks'
  • #13,354
  • Sep 25, 2020 2:50pm Sep 25, 2020 2:50pm
Quoting Divergence
nice week trading the dow. NQ to volitile and dow works fine todays trades {image}
top work Harold .. is mm as follows:

tp12, sl11, be+1 after6, be+11 after 12
Become the casino
  • #13,355
  • Sep 25, 2020 5:35pm Sep 25, 2020 5:35pm
Man you guys are touchy.

G'luck to you all.
  • #13,356
  • Sep 25, 2020 6:41pm Sep 25, 2020 6:41pm
trading is all about having a plan of attack. my plan is trading 123 setups but thats not the whole plan. The important part is MM the only thing you know 100% of the time is how much am i willing to risk if i am wrong. Thats the plan but you need a proper envirement to impliment this plan. 1 thing for sure markets change expanding and contracting and we must be like a marine we need to improvise,adapt,overcome. which means my profit that i am looking for will remain the same 460 to 500 dollars per trade so it doesnt matter as look as the envirement supports it. At the present the NQ doesnt hence my move over to the YM. Same plan same MM thats been my approach for many years. Take what will with what i shared this is my plan of attack and it has been supporting me for many many years and my win rate still holds at 75+%
  • #13,357
  • Edited Sep 26, 2020 9:45am Sep 25, 2020 6:54pm | Edited Sep 26, 2020 9:45am
Quoting Divergence
Take what will with what i shared this is my plan of attack and it has been supporting me for many many years and my win rate still holds at 75+%
Awesome Divergence. But you did start out on M5 charts and sharpened your skills there before hitting the microintervals. I think some of these guys would do better if they were to go back and look at your excellent Flag Trading the Trend thread and see how you developed from there through your NQ thread to here.

I'd like to see everyone here have the same success you have had.

Continued blessings to you and yours.
  • #13,358
  • Sep 25, 2020 8:31pm Sep 25, 2020 8:31pm
Quoting erasmus66
{quote} top work Harold .. is mm as follows: tp12, sl11, be+1 after6, be+11 after 12
up 5 to +1 Yes DD those were forex days different time different market and yes we do evolve as traders or we should
  • #13,359
  • Sep 28, 2020 4:11am Sep 28, 2020 4:11am
Anyone trying out MYM, proceed with caution if you have been used to MNQ. Behaviour is very different, but looks to be rewarding if you get it right. Takes patience so far from what I have seen so far. Sim trading essential at first imho.
'in less than half an hour he made over 100 ticks'
  • #13,360
  • Sep 28, 2020 8:42am Sep 28, 2020 8:42am
nice 123 at 940 am
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