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  • #1,321
  • Jan 24, 2021 6:17am Jan 24, 2021 6:17am
Trading a pattern on a higher time frame lets say 30 min or 60 min bar flag takes time to play out. I dont wait for the volume to kicks in instead i would allready have position when the BO occurs. There are 2 types of risk involved when entering a trade information risk or price risk. I prefer information risk over price risk, Bcz certain pattern and behaviour on particular instrument hardly fails. Happy to take a loss and reenter opposite direction
Watching the DOM /price ladder or orderflow charts are brainf**k for me. "Most of them are just gimmicks" says Linda Raschke
I am more inclined to market profile auction market theory. Found more valuable information when break it down to 3 session Market profile.
This is how I see it.

Having a context based on concepts(market behaviour)>market structure>impulse/corrective wave>supply demand/Support resistance>price action.

Keep it simple.
on a postive roll...
  • #1,322
  • Jan 25, 2021 3:22am Jan 25, 2021 3:22am
Started few scalps before Europe open on M2K,MYM,MES.
Since I am using micros increased number of trades per day from 10-20.
Also focusing on other indices as well splitting risk across other instruments. Just don't want to risk everything on YM .
Micros or Eminis still can't go above 5 lots limit as per topstep rules.
Good practice though.
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on a postive roll...
  • #1,323
  • Jan 25, 2021 7:48am Jan 25, 2021 7:48am
319 ticks off 22 trades. Logging out.
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on a postive roll...
  • #1,324
  • Jan 25, 2021 10:12am Jan 25, 2021 10:12am
728 ticks to end the day.
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on a postive roll...
  • #1,325
  • Jan 26, 2021 3:19am Jan 26, 2021 3:19am
Good start of the day.
240 ticks off 7 trades. logging out until NYO.
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on a postive roll...
  • #1,326
  • Jan 26, 2021 6:00am Jan 26, 2021 6:00am
Quoting Rmg
Good start of the day. 240 ticks off 7 trades. logging out until NYO. {image} {image}
+114+93+75.
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on a postive roll...
  • #1,327
  • Jan 26, 2021 3:29pm Jan 26, 2021 3:29pm
840 ticks to end the day. Altogether 50 trades using micros are too many Overtrading despite green overall.
Halfway through the draw down. I will reduce the number of trades when I can start using emini once outta draw down.
on a postive roll...
  • #1,328
  • Jan 27, 2021 2:55am Jan 27, 2021 2:55am
Improve this matrix, result will take care of itself.
What I said i would do and what I did so far ...gotta do better then this.
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on a postive roll...
  • #1,329
  • Jan 27, 2021 5:35am Jan 27, 2021 5:35am
M2K shows clear swings then MYM.
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on a postive roll...
  • #1,330
  • Jan 27, 2021 5:45am Jan 27, 2021 5:45am
Quoting Rmg
M2K shows clear swings then MYM. {image}
Target filled. 860 ticks off 5 flat to flat trades.
YM breaking below YLOW usually i jump all in but nah for now. logging out.
on a postive roll...
  • #1,331
  • Jan 27, 2021 3:14pm Jan 27, 2021 3:14pm
Evening session was messy p/l swings a lot end up with
+1700 ticks off 57 trades. 2 more days to get over drawdown.
While I haven't breached any of their rules yet my mind is bugging over too many trades. Should I worry? Or just carry on my natural way of trading.
Advice please Brixen .
on a postive roll...
  • #1,332
  • Jan 28, 2021 1:57am Jan 28, 2021 1:57am
Quoting Rmg
Evening session was messy p/l swings a lot end up with +1700 ticks off 57 trades. 2 more days to get over drawdown. While I haven't breached any of their rules yet my mind is bugging over too many trades. Should I worry? Or just carry on my natural way of trading. Advice please Brixen .
1700 ticks/57
Is enormous.
Risiko birgt immer auch die Chance.
  • #1,333
  • Jan 28, 2021 2:31am Jan 28, 2021 2:31am
Too quick to jump on YM instead of MYM racked up losses near hit daily loss limit of 1000usd.
Last trades running on M2K should it fails last trade for the day. I gotta stick with micros all the time.
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on a postive roll...
  • #1,334
  • Edited 3:08am Jan 28, 2021 2:47am | Edited 3:08am
YM is plunging towards overnight low.
on a postive roll...
  • #1,335
  • Jan 28, 2021 4:46am Jan 28, 2021 4:46am
Quoting Rmg
Evening session was messy p/l swings a lot end up with +1700 ticks off 57 trades. 2 more days to get over drawdown. While I haven't breached any of their rules yet my mind is bugging over too many trades. Should I worry? Or just carry on my natural way of trading. Advice please Brixen .
1. I thought that 2020 was an exceptional wild year...I was wrong, cause 2021 is the wildest.
So chances to trade are 10 times and more than an ordinary period of time. And even for almost 24 hours......
So erratic, violent, sharp and wild ups and downs are there almsot every day, almost every hour.
So many and exaggerated volumes of trades is normal following this wild market imho.

2. What's the problem? Commissions and charges for every trade, that is the problem!
Or if you have not commissions, but spreads, there's no problem cause with this volatility, spread means nothing.
Luckily I have super low commissions on FDXM/FDAX, and zero on DAX CFDs.

3. In the end if you make alot of trades and a lot of gains, or simple decent gains, what's the problem???
Think about when you made only a couple trade per day and in loss too.......

I hope I replied to all your questions, otherwise let me know.

Good luck for you and for me RMG!!
Brix, the survivor.
I call upon my father's spirit , watching over me
  • #1,336
  • Jan 28, 2021 5:35am Jan 28, 2021 5:35am
Quoting Brixen
{quote} 1. I thought that 2020 was an exceptional wild year...I was wrong, cause 2021 is the wildest. So chances to trade are 10 times and more than an ordinary period of time. And even for almost 24 hours...... So erratic, violent, sharp and wild ups and downs are there almsot every day, almost every hour. So many and exaggerated volumes of trades is normal following this wild market imho. 2. What's the problem? Commissions and charges for every trade, that is the problem! Or if you have not commissions, but spreads, there's no problem cause with...
Thanks Brixen, had the same thought but confusing myself with discipline and trading philosophy.
Start off the bad foot today 19 trades -440 ticks on MYM and M2K, - 220 ticks on YM .
Had a chance for decent recovery but missed it. Still in the game logging out now.
on a postive roll...
  • #1,337
  • Jan 28, 2021 6:41am Jan 28, 2021 6:41am
Quoting Sesamstrasse
{quote} 1700 ticks/57 Is enormous.
Hmmmm
bad process good outcome, didn't follow the plan exactly
Same as yesterday, today is bad process bad outcome
.. Poetic justice.
on a postive roll...
  • #1,338
  • Jan 31, 2021 4:28am Jan 31, 2021 4:28am
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First combine bite the dust on friday
Same day did a reset on E2T mini gauntlet bcz subscibtion won't alone resets it, and nearly lost it within an hour .
Now Topstep does free reset with billing period but wait for another 2 weeks. may be I will reset again on monday.
Something seriously flaw with my trading philosophy, looking at it now. I will have to change everything from strategy to risk management beginning with thinking need to change first before anything else.
I am willing to change , staying positive and let go off past .
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  • #1,339
  • Jan 31, 2021 4:42am Jan 31, 2021 4:42am
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on a postive roll...
  • #1,340
  • Jan 31, 2021 8:24am Jan 31, 2021 8:24am
Always a pleasure feeling to see when the bigger balls get squeezed up.
Inserted Video
on a postive roll...
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