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Plan the Trade

  • #13,981
  • May 6, 2021 11:10am May 6, 2021 11:10am
Quoting trader-f1
{quote} I marked these ones on the chart for today. Not sure if they are good... Where were your trades, please, Harold? Thanks!! {image}
the bottom one is nothing the rest were spot on. Dont know it happens but i had a double bottom on my first win and you didnt
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  • #13,982
  • May 6, 2021 11:38am May 6, 2021 11:38am
Quoting Divergence
{quote} the bottom one is nothing the rest were spot on. Dont know it happens but i had a double bottom on my first win and you didnt {image}
Alright!
I guess the bottom one wasn't valid because there was never a proper retracement after the first blue candle (its high never taken out), is that correct?
Thanks, Harold!!!
  • #13,983
  • May 6, 2021 11:40am May 6, 2021 11:40am
Quoting trader-f1
{quote} Alright! I guess the bottom one wasn't valid because there was never a proper retracement after the first blue candle (its high never taken out), is that correct? Thanks, Harold!!!
correct. its all about HH HL LL LH till you dont get one then thats a 123
  • #13,984
  • May 7, 2021 9:17am May 7, 2021 9:17am
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Become the casino
  • #13,985
  • May 7, 2021 9:41am May 7, 2021 9:41am
as i hoped the 40 second chart has less trades so patience again was needed 2 +2s 2 full wins 8 net wins this week
  • #13,986
  • May 8, 2021 5:40am May 8, 2021 5:40am
Quoting Divergence
{quote} {image}
with the re-entry, do we wait for following candle to close before we re-enter .. in chart below, initial entry gives +1, do we wait for 9:59:20 candle to close inside before we place order to re-enter:

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Become the casino
  • #13,987
  • May 8, 2021 9:33am May 8, 2021 9:33am
Quoting erasmus66
{quote} with the re-entry, do we wait for following candle to close before we re-enter .. in chart below, initial entry gives +1, do we wait for 9:59:20 candle to close inside before we place order to re-enter: {image}
yes
  • #13,988
  • May 10, 2021 8:40am May 10, 2021 8:40am
Holy free fall Batman! :-)
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,989
  • May 10, 2021 9:41am May 10, 2021 9:41am
Quoting capstone
Holy free fall Batman! :-)
as long as it free falls into my acct another nice day
  • #13,990
  • May 10, 2021 9:56am May 10, 2021 9:56am
Quoting Divergence
{quote} as long as it free falls into my acct another nice day
Nice. Where were your trades today?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,991
  • May 10, 2021 2:59pm May 10, 2021 2:59pm
Quoting capstone
{quote} Nice. Where were your trades today?
pause setup entry at 952 candle and pullback at 100240 candle
  • #13,992
  • May 11, 2021 9:35am May 11, 2021 9:35am
I don't know about the rest of you, but when i see these big candle and big moves, i tend to freeze.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #13,993
  • May 11, 2021 9:38am May 11, 2021 9:38am
yep big candles but was able to get 3 +2s and 2 +12s
  • #13,994
  • May 11, 2021 11:30am May 11, 2021 11:30am
Quoting capstone
I don't know about the rest of you, but when i see these big candle and big moves, i tend to freeze.
Definitely emotions in the mix
  • #13,995
  • Edited 4:56pm May 11, 2021 4:23pm | Edited 4:56pm
Talking about big candles, I have a couple of questions about when to pass on trades because of bar size.
I have rewatched some of Harold’s videos but still not 100% clear...

1. Pause setup:
I understand that the bar body needs two have a minimum of 4 ticks, no trade for smaller candles. Inside bars are OK.
Can the pause bar be bigger than 20 ticks or does it invalidate the setup?

2. Retracement setup:
Maximum 3 bars on the retracement. More than 3 bars, pass on the trade
If 1st bar smaller than 10 ticks, it doesn’t count for the 3-bar limit. Is this right?
Is it OK to take the trade if the trigger bar on the retracement is bigger than 20 ticks?

Thanks for your feedback
  • #13,996
  • May 12, 2021 8:58am May 12, 2021 8:58am
Quoting trader-f1
Talking about big candles, I have a couple of questions about when to pass on trades because of bar size. I have rewatched some of Harold’s videos but still not 100% clear... 1. Pause setup: I understand that the bar body needs two have a minimum of 4 ticks, no trade for smaller candles. Inside bars are OK. Can the pause bar be bigger than 20 ticks or does it invalidate the setup? 2. Retracement setup: Maximum 3 bars on the retracement. More than 3 bars, pass on the trade If 1st bar smaller than 10 ticks, it doesn’t count for the 3-bar limit. Is...
since our stop is 20 ticks any bar over is a no trade on pullbacks if a bar over 20 no trade but it counts as 1 of the max 3 candles
  • #13,997
  • May 12, 2021 10:46am May 12, 2021 10:46am
Quoting Divergence
{quote} since our stop is 20 ticks any bar over is a no trade on pullbacks if a bar over 20 no trade but it counts as 1 of the max 3 candles

Thank you, Harold.

Just one last question and I promise not to bother for a while.
On yesterday's session there was setup (#6 on attached chart) --- a 4-bar retracement where bar #3 is an inside bar.
Do inside bars count the same in the retracement?

Thanks again and I promise not to have more questions for a while after this one...
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  • #13,998
  • May 12, 2021 7:48pm May 12, 2021 7:48pm
Quoting trader-f1
{quote} Thank you, Harold. Just one last question and I promise not to bother for a while. On yesterday's session there was setup (#6 on attached chart) --- a 4-bar retracement where bar #3 is an inside bar. Do inside bars count the same in the retracement? Thanks again and I promise not to have more questions for a while after this one... {image}
you are not bothering me at all your learning a method and they are all valid questions. Inside bars dont count a pullback is a lower close or a
higher close
  • #13,999
  • May 13, 2021 9:27am May 13, 2021 9:27am
another volatile day but 2 wins a few +2s
  • #14,000
  • May 13, 2021 12:52pm May 13, 2021 12:52pm
Quoting Divergence
another volatile day but 2 wins a few +2s
Hi Harold,

I found these setups on today's session.
Have I missed any of your trades?

Thanks!!!
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