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Plan the Trade

  • #13,361
  • Sep 28, 2020 8:44am Sep 28, 2020 8:44am
and another at 943:20 i am done
  • #13,362
  • Sep 28, 2020 9:12am Sep 28, 2020 9:12am
Quoting Divergence
and another at 943:20 i am done
great work Harold .. missed your 2 trades, got the next 2:

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Become the casino
  • #13,363
  • Sep 28, 2020 9:34am Sep 28, 2020 9:34am
there was 1 more and 1 more after that win to go long
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  • #13,364
  • Sep 28, 2020 9:42am Sep 28, 2020 9:42am
Quoting Divergence
there was 1 more and 1 more after that win to go long {image}
here and here:

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  • #13,365
  • Sep 28, 2020 10:41am Sep 28, 2020 10:41am
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great trades on the YM. still sticking with the ES as I've gotten familiar with it. adjusted bracket to -16/+16. no trailing stops at the moment.
took a staggered entry for plus 25T total (+10 and +15). manual close as it looked toppy and wanted to lock in. working on increasing position size
as I gain experience/practice.
regards
goma
  • #13,366
  • Sep 29, 2020 8:39am Sep 29, 2020 8:39am
9:38 123 long win
  • #13,367
  • Sep 29, 2020 9:01am Sep 29, 2020 9:01am
bingo 1001 candle done
  • #13,368
  • Sep 30, 2020 8:47am Sep 30, 2020 8:47am
NQ in a 20 point range so far. how's the dow looking?

LOL, broke the top as soon as i finished typing.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,369
  • Sep 30, 2020 8:50am Sep 30, 2020 8:50am
Quoting capstone
NQ in a 20 point range so far. how's the dow looking? LOL, broke the top as soon as i finished typing.

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  • #13,370
  • Sep 30, 2020 9:26am Sep 30, 2020 9:26am
Quoting erasmus66
{quote} {image}
You need the patience of a saint to trade the Dow after the NQ imho. It just falls asleep, & then kapow! I'm attempting to work on my technique... I think, less forgiving but at least the stops are sensible.
'in less than half an hour he made over 100 ticks'
  • #13,371
  • Sep 30, 2020 9:40am Sep 30, 2020 9:40am
managed 2 trades in the first hour. a plus 13T and a plus 15T. still expecting more volatility so watching my entries carefully. end of the month/quarter
portfolio rebalance might keep things lively. added a 2hr chart ES just for any ES traders, but probably similar for other indexes. quite the range.
good luck
regards
goma
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  • #13,372
  • Sep 30, 2020 11:55am Sep 30, 2020 11:55am
Quoting onejester
{quote} You need the patience of a saint to trade the Dow after the NQ imho. It just falls asleep, & then kapow! I'm attempting to work on my technique... I think, less forgiving but at least the stops are sensible.
yes agree with that oj .. i'm finding less slippage also
Become the casino
  • #13,373
  • Oct 1, 2020 5:48am Oct 1, 2020 5:48am
I know everyones styles are different, but I personally found that it is better for the soul if one gets a few small wins, say 1 or 2 plus 10's. Then when confidence has built up, increase the lots.

I have tried random days on YM in sim & for my style I end up with multiple + 20' & some. Then foolishly think that + 10 is too conservative, & end up getting whacked because I've hard coded myself to expect more. I say hard coded, because when I'm are practicing I have found that I'm fooling myself by speeding up the replay when I see congestion, therefore cancelling it out. Having to wait is good training, because you will be making decisions after a period of congestion. Whereas if you have bypassed in sim, the decision making 'environment' won't be the same in your head (in addition to the challenges trading in sim brings). You are essentially training yourself to develop bad habits.

And so that is why, I believe the 1 hour period is valuable. Because there is, more often than not guaranteed volatility. After that it seems that the likelihood of ones setups failing is increased. When I have time, I intend to experiment with the same hour after 2.00, but if the results are negative I'll just stick with the hour. If it is + 10 a day, then so be it. Even on that, with consistency & increased lots, a decent living can be made. Lets see.
'in less than half an hour he made over 100 ticks'
  • #13,374
  • Oct 1, 2020 8:39am Oct 1, 2020 8:39am
938:40 candle short win
  • #13,375
  • Oct 1, 2020 9:31am Oct 1, 2020 9:31am
watching and sim trading the dow and nq at the same time. interesting. there was a really nice short at 10:24:20 on the dow. Anyone get it?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,376
  • Oct 1, 2020 9:33am Oct 1, 2020 9:33am
Quoting Divergence
938:40 candle short win
nice .. 1024:20 short also
Become the casino
  • #13,377
  • Oct 1, 2020 9:34am Oct 1, 2020 9:34am
Quoting capstone
watching and sim trading the dow and nq at the same time. interesting. there was a really nice short at 10:24:20 on the dow. Anyone get it?
yes good spot cap
Become the casino
  • #13,378
  • Oct 1, 2020 9:34am Oct 1, 2020 9:34am
Quoting capstone
watching and sim trading the dow and nq at the same time. interesting. there was a really nice short at 10:24:20 on the dow. Anyone get it?
i took 1020:00 short as well for be
Become the casino
  • #13,379
  • Oct 1, 2020 9:45am Oct 1, 2020 9:45am
+ 10 yesterday, -3 today. If I'd just left it alone...Frustrating, but I'm getting closer looking at those 2 longs. Think the ATR was too high for my plus 1 setting (I think 19 at some points). Edit, that loss was a dumb move because I couldn't see what was on the left, clearly nothing.
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'in less than half an hour he made over 100 ticks'
  • #13,380
  • Oct 1, 2020 7:09pm Oct 1, 2020 7:09pm
Quoting onejester
I know everyones styles are different, but I personally found that it is better for the soul if one gets a few small wins, say 1 or 2 plus 10's. Then when confidence has built up, increase the lots. I have tried random days on YM in sim & for my style I end up with multiple + 20' & some. Then foolishly think that + 10 is too conservative, & end up getting whacked because I've hard coded myself to expect more. I say hard coded, because when I'm are practicing I have found that I'm fooling myself by speeding up the replay when I see congestion, therefore...
Even with 2 contracts, grabbing only 5ticks target1 and 10ticks target 2 will get 75 bucks for one entry. If you did that successfully twice, thats $150 × 10 trading days adds up. Grabbing a small target and getting to BE is not at all a weak strategy . . . Even if you were doing that WHILE working through a strategy to later increase profits, you are building the account for now . . . .
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