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Plan the Trade

  • #14,021
  • May 20, 2021 1:22pm May 20, 2021 1:22pm
Hello Harold,

Quick hypothetical question about one setup (circled on the cart)
The red trigger bar was 23 ticks long (no trade), but had it been 20 ticks or less, would that setup be OK being an inside bar?
Are the other setups correct?

Thanks!!!
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  • #14,022
  • May 20, 2021 1:58pm May 20, 2021 1:58pm
Quoting trader-f1
Hello Harold, Quick hypothetical question about one setup (circled on the cart) The red trigger bar was 23 ticks long (no trade), but had it been 20 ticks or less, would that setup be OK being an inside bar? Are the other setups correct? Thanks!!! {image}
inside bars are not pullbacks. The only time we would take an inside bar would be a pause bar
  • #14,023
  • May 20, 2021 4:38pm May 20, 2021 4:38pm
Quoting Divergence
{quote} inside bars are not pullbacks. The only time we would take an inside bar would be a pause bar
Thanks, understood!
  • #14,024
  • May 20, 2021 5:42pm May 20, 2021 5:42pm
Quoting wanttobeapro
So what is the goal? The short-term goal is to place one good trade per day. I can't think fast.
I believe you have the right approach, but if you lost a grand you need more practice. Just make sure you don't lose another one Nothing wrong with 1 trade a day. Focus on systems, winners & losers have the same 'goal'. Small improvements daily lead to momentum. Goals are short lived changes rather than focusing on building habits for the long term.

You will learn to think fast, it just happens. Sim will help you with that, but the minute you go live & take a couple of losses your mental set will change. So I would say sim is good for perfecting the habits.

Forex is like the penny slot machines, unless you have beg stops. Harolds setups are a good thing to focus on, but you have to watch price (& trade futures) to gain the experience to frame them for yourself. That is going to take time, & if you are looking for confirmation - then seek to find it with your own edge. Nobody is going to tell you what theirs is. Ask yourself, 'how can I work out when not to trade'.

I've been on here a long time, longer than I would have liked. But I do love a challenge, I expect the other veterans are the same.
'in less than half an hour he made over 100 ticks'
  • #14,025
  • May 24, 2021 4:17pm May 24, 2021 4:17pm
Hi Harold, hope you're alright!

Would you please validate the setups I marked on today's session?
Not sure if the ones during the sideways action are legit...

Thanks for the feedback!
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  • #14,026
  • May 24, 2021 6:18pm May 24, 2021 6:18pm
Quoting trader-f1
Hi Harold, hope you're alright! Would you please validate the setups I marked on today's session? Not sure if the ones during the sideways action are legit... Thanks for the feedback! {image}
kudos all correct setups you are training your eyes
  • #14,027
  • May 25, 2021 7:43am May 25, 2021 7:43am
Quoting Divergence
{quote} kudos all correct setups you are training your eyes
Kudos to you for sharing your method and sticking around here to assist other traders.
Much appreciated!!!
  • #14,028
  • May 25, 2021 10:32am May 25, 2021 10:32am
+7 today , hope you guys did better
  • #14,029
  • May 26, 2021 9:23am May 26, 2021 9:23am
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Become the casino
  • #14,030
  • May 26, 2021 11:57am May 26, 2021 11:57am
Quoting erasmus66
{image}
thx for the chart! helpful to analyze the losses, its easy just to post the winners.
it was a shitty session.
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  • #14,031
  • May 26, 2021 4:13pm May 26, 2021 4:13pm
Quoting erasmus66
{image}
thats why i dont trade wednesday. if volume under 125000 at start of session i have moved to 30sec over 125000 40 sec. yesterday was rough but ended up losing 6 ticks
  • #14,032
  • Edited 6:45am May 27, 2021 5:19am | Edited 6:45am
Quoting Divergence
{quote} thats why i dont trade wednesday. if volume under 125000 at start of session i have moved to 30sec over 125000 40 sec. yesterday was rough but ended up losing 6 ticks

That's a good benchmark, since it is a warning to stay out. And I'm becoming increasingly aware (from close observation) that watching & learning to stay out is the name of the game.

Took some small hits, had some small wins. Nothing to write home about. Flat, but boy there are opportunities. Trying to condition myself out of impatience, lol. The YM will see to that ....

Respect for that Ras by the way, thanks for posting.
'in less than half an hour he made over 100 ticks'
  • #14,033
  • May 28, 2021 8:22am May 28, 2021 8:22am
really low volume going into the Memorial Day weekend. Good Luck everybody.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,034
  • May 28, 2021 12:01pm May 28, 2021 12:01pm
Quoting capstone
really low volume going into the Memorial Day weekend. Good Luck everybody.
i noticed, got an email about memorial day weekend.

This is beginning the session, did anyone take these 123 ? are they correct ?
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  • #14,035
  • Jun 1, 2021 5:20pm Jun 1, 2021 5:20pm
rough day for 30 sec chart. How did everyone else do with it?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,036
  • Jun 3, 2021 10:08am Jun 3, 2021 10:08am
Bit by bit, it is only a matter of time before I hit one of these home runs. I just have to get over allowing the small losses to mess with me. Stayed with that last trade for what seemed like ever, and then thought 'this is has been too long'. Patience lol...
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'in less than half an hour he made over 100 ticks'
  • #14,037
  • Jun 3, 2021 11:13am Jun 3, 2021 11:13am
Quoting onejester
Bit by bit, it is only a matter of time before I hit one of these home runs. I just have to get over allowing the small losses to mess with me. Stayed with that last trade for what seemed like ever, and then thought 'this is has been too long'. Patience lol... {image}
mentally difficult, i hope you succeed. I just try to take a few ticks a day. Today 1 loss 1 win 1/2 win and a few +2 , total +18
  • #14,038
  • Jun 7, 2021 10:24am Jun 7, 2021 10:24am
+12 Can't remember when I had a good Monday.

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'in less than half an hour he made over 100 ticks'
  • #14,039
  • Jun 7, 2021 4:09pm Jun 7, 2021 4:09pm
Quoting onejester
+12 Can't remember when I had a good Monday. {image}
+11 and a few +2

Today was a range day
  • #14,040
  • Jun 9, 2021 10:26am Jun 9, 2021 10:26am
Quoting Mum
{quote} +11 and a few +2 Today was a range day
yesterday two +11 and a few +2's
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