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Plan the Trade

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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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!!!
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
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Become the casino
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
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
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
Holy free fall Batman! :-)
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
Quoting capstone
Holy free fall Batman! :-)
as long as it free falls into my acct another nice day
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.
Quoting capstone
{quote} Nice. Where were your trades today?
pause setup entry at 952 candle and pullback at 100240 candle
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.
yep big candles but was able to get 3 +2s and 2 +12s
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
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
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
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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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
another volatile day but 2 wins a few +2s
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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