Plan the Trade | Page 703 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Plan the Trade / Trade the plan 74 replies

Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies

My backtest - optimisation - trade plan 0 replies

A realistic trade plan 6 replies

my trade plan for next week 47 replies

Attachments: Plan the Trade
Exit Attachments

Plan the Trade

  • #14,041
  • Jun 10, 2021 10:45am Jun 10, 2021 10:45am
Building accuracy & discipline with really tight stops.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-06-10 at 17.43.02.png Size: 104 KB
'in less than half an hour he made over 100 ticks'
  • #14,042
  • Jun 10, 2021 11:31am Jun 10, 2021 11:31am
not a good day 4 me
Attached Image (click to enlarge)
Click to Enlarge Name: 6-10.PNG Size: 26 KB
  • #14,043
  • Jun 11, 2021 9:54am Jun 11, 2021 9:54am
2 wins on NQ and 2 wins on YM
  • #14,044
  • Jun 17, 2021 9:59am Jun 17, 2021 9:59am
I don't know if its my feed, but price goes my was then takes me out and then go the 20. With the 5 2 setting i am getting mainly +2's

Do you guys have the same problem ?
  • #14,045
  • Jun 17, 2021 6:41pm Jun 17, 2021 6:41pm
Slippage is biggest problem for me at the moment.
'in less than half an hour he made over 100 ticks'
  • #14,046
  • Jun 18, 2021 8:17am Jun 18, 2021 8:17am
Quoting Mum
I don't know if its my feed, but price goes my was then takes me out and then go the 20. With the 5 2 setting i am getting mainly +2's Do you guys have the same problem ?
Yup. I've tried many different timeframes. It happens. It's part of scalping. You can certainly play with the money management a bit to see if you come up with something better, like going to +2 at 10, or go with an all or nothing strategy, maybe +16 or bust.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,047
  • Jun 18, 2021 8:36am Jun 18, 2021 8:36am
Quoting capstone
{quote} Yup. I've tried many different timeframes. It happens. It's part of scalping. You can certainly play with the money management a bit to see if you come up with something better, like going to +2 at 10, or go with an all or nothing strategy, maybe +16 or bust.
Well what I have noticed is sometimes price goes fast from +3 for example to +14 and then back to +2, we can change step two that if price goes to +14 SL goes to +6 and the rest manual .

Also back testing is not working for me, I have been making video's of the sessions and if I back test price slips even more.It is difficult to tweak these kind of things. It must be that I have bad tick data of something.

I have been doing ok, it's mostly halve wins and +2's, but it frustrating seeing price going to +6 and then bid and ask widen I get taken out and price still goes to 20
  • #14,048
  • Jun 18, 2021 9:07am Jun 18, 2021 9:07am
Back testing is tough. Forward testing is the only way to go, in my opinion. Back testing only allows for bigger ideas to develop. The devil is in the details, however, and that is in forward testing.

You could try a limit order once it goes 10 ticks beyond entry. It's riskier, but might be what you are looking for.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,049
  • Jun 18, 2021 9:31am Jun 18, 2021 9:31am
+14 using ohlc.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-06-18 at 16.31.15.png Size: 78 KB
'in less than half an hour he made over 100 ticks'
  • #14,050
  • Jun 18, 2021 9:33am Jun 18, 2021 9:33am
today, 2 wins 2 +2 , they went straight to TP
  • #14,051
  • Jun 18, 2021 9:37am Jun 18, 2021 9:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 18-6.PNG Size: 45 KB
  • #14,052
  • Jun 18, 2021 10:41am Jun 18, 2021 10:41am
And here it is in sim. Just for fun, man I wish I could be more relaxed when it is live.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-06-18 at 17.39.03.png Size: 71 KB
'in less than half an hour he made over 100 ticks'
  • #14,053
  • Jun 19, 2021 9:33pm Jun 19, 2021 9:33pm
Here is an idea if you keep getting BE. Try management where you have 2 targets (2 contracts, or any even number). When the 1st target is hit move the remaining SL to that negative distance behind the entry. Example: Target 1 is hit at 10ticks, remaining SL is moved to -10ticks so the whole trade is now at BE but you will still have 20 ticks of space between the currrent price and your BE SL
Just an idea
  • #14,054
  • Jun 20, 2021 2:25am Jun 20, 2021 2:25am
Anyone here trading with infinity futures?

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,055
  • Jun 21, 2021 12:05pm Jun 21, 2021 12:05pm
Quoting bapakjason
Here is an idea if you keep getting BE. Try management where you have 2 targets (2 contracts, or any even number). When the 1st target is hit move the remaining SL to that negative distance behind the entry. Example: Target 1 is hit at 10ticks, remaining SL is moved to -10ticks so the whole trade is now at BE but you will still have 20 ticks of space between the currrent price and your BE SL Just an idea
thx i will try that.

Today was an easy day +50 , 3 x 10t , 1 x 20 t
  • #14,056
  • Jun 22, 2021 7:02am Jun 22, 2021 7:02am
Quoting Mum
{quote} thx i will try that. Today was an easy day +50 , 3 x 10t , 1 x 20 t
Are you using a 20 Sec timeframe? Just curious.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,057
  • Jun 22, 2021 10:50am Jun 22, 2021 10:50am
i use the 40 seconds chart mostly , if its slow i use the 30s
  • #14,058
  • Jun 22, 2021 11:26am Jun 22, 2021 11:26am
Quoting Mum
i use the 40 seconds chart mostly , if its slow i use the 30s
lol when is the NQ ever slow?

I tried the seconds charts but turned me from scribbles to scrambled lol ... I'm not good enough for those quick bars.
  • #14,059
  • Jun 24, 2021 9:49am Jun 24, 2021 9:49am
1 hit, 2 misses. Wasn't quick enough with the chart window on the short, but the low was a tick higher. Started to lose concentration and missed the long.

Yesterday was good but I wasn't fast enough, have to work on that.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-06-24 at 16.45.34.png Size: 91 KB
'in less than half an hour he made over 100 ticks'
  • #14,060
  • Jun 25, 2021 7:37am Jun 25, 2021 7:37am
I never knew "Russell Rebalancing" was a thing. Be careful today.

"June is the month that the preliminary reconstitution portfolio is communicated to the marketplace. Beginning on June 4, preliminary lists are communicated to the marketplace and updates are provided on June 11, 18, and 25. The newly reconstituted indexes take effect after the market close on June 25."

I'm not sure it will effect the NQ, but it might, as people and companies reposition their stock holdings.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
13 traders viewing now