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Plan the Trade

  • #14,281
  • Dec 30, 2021 8:21am Dec 30, 2021 8:21am
Quoting heispark
{quote} I am sorry but it sounds 'absurd' to me.... Changing the TF doesn't give you an edge. The following is a comment from Joe Dinapoli: {image}
well if you read you would have saw i not trading a TF but a range bar. Must be slow on i wanta be a good trader mountain
  • #14,282
  • Dec 30, 2021 8:34am Dec 30, 2021 8:34am
Quoting Divergence
{quote} well if you read you would have saw i not trading a TF but a range bar. Must be slow on i wanta be a good trader mountain
Oh, I am sorry I thought you were still trading 30 or 20 seconds chart. It looks you are consistently changing your system which is in my opinion not very good sign. Old saying is if it's not broken, don't fix it....
I know you're a profitable trader by watching your youtube videos, don't get me wrong by the way.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,283
  • Dec 30, 2021 8:38am Dec 30, 2021 8:38am
A short at 9:31:36 at 16486...and the morning is over. Nice! Maybe I am starting to see these. Of course, only trading one contract, i need another one.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,284
  • Dec 30, 2021 8:47am Dec 30, 2021 8:47am
Quoting capstone
A short at 9:31:36 at 16486...and the morning is over. Nice! Maybe I am starting to see these. Of course, only trading one contract, i need another one.
eagle eye tony
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  • #14,285
  • Dec 30, 2021 9:11am Dec 30, 2021 9:11am
Quoting heispark
{quote} Oh, I am sorry I thought you were still trading 30 or 20 seconds chart. It looks you are consistently changing your system which is in my opinion not very good sign. Old saying is if it's not broken, don't fix it.... I know you're a profitable trader by watching your youtube videos, don't get me wrong by the way.
changing system? been trading 123 S for last 11 yrs. a tweak here and there for entry otherwise its the same. The hat is a h and s right shoulder is the 123
  • #14,286
  • Dec 30, 2021 11:42am Dec 30, 2021 11:42am
Hi Harold,
Nice to see you back around...
Would the yellow ones be valid HATS as well?
Thanks!!
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  • #14,287
  • Dec 30, 2021 3:14pm Dec 30, 2021 3:14pm
Quoting trader-f1
Hi Harold, Nice to see you back around... Would the yellow ones be valid HATS as well? Thanks!! {image}
the first one is kinda a hat i like both shoulders in area of each so i wouldnt take it the 2nd one no
  • #14,288
  • Dec 30, 2021 6:00pm Dec 30, 2021 6:00pm
By the way, as far as I know range bar repiants. Can we backtest using range bar or renko chart?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,289
  • Dec 30, 2021 10:06pm Dec 30, 2021 10:06pm
Quoting heispark
By the way, as far as I know range bar repiants. Can we backtest using range bar or renko chart?
a rangebar is not an indicator
  • #14,290
  • Dec 31, 2021 8:24am Dec 31, 2021 8:24am
Quoting heispark
By the way, as far as I know range bar repiants. Can we backtest using range bar or renko chart?
I think i know what you are referring to. Tell me if i'm wrong. Several months ago, i started looking at range bars again and noticed that they would often overshoot the range, then repaint the start of the next bar. It took me a while to figure it out. It's not the range bar, it's my settings.

With Sierra, we can have our charts print to the tick, instead of the second. That's the key.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,291
  • Dec 31, 2021 8:54am Dec 31, 2021 8:54am
waiting for the HAT to form is really relaxing after 20 minutes it happens
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  • #14,292
  • Dec 31, 2021 9:48am Dec 31, 2021 9:48am
Quoting Divergence
waiting for the HAT to form is really relaxing after 20 minutes it happens {image}
another after as well for +1:

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Become the casino
  • #14,293
  • Dec 31, 2021 9:49am Dec 31, 2021 9:49am
happy new year all
Become the casino
  • #14,294
  • Dec 31, 2021 9:52am Dec 31, 2021 9:52am
Quoting Divergence
waiting for the HAT to form is really relaxing after 20 minutes it happens {image}
Harold, you used to have a rule that the 2 point of the 123 had to be higher than the 2 point of the 2b. It looks like you are not doing that anymore. Any 123, as long as there is a 2 point difference between points 2 and 3, is good?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #14,295
  • Dec 31, 2021 11:25am Dec 31, 2021 11:25am
Quoting capstone
{quote} Harold, you used to have a rule that the 2 point of the 123 had to be higher than the 2 point of the 2b. It looks like you are not doing that anymore. Any 123, as long as there is a 2 point difference between points 2 and 3, is good?
this might help.
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  • #14,296
  • Jan 1, 2022 12:44pm Jan 1, 2022 12:44pm
Quoting goma
{quote} this might help.{image}
Very good Goma!

And after many spreadsheet entries tracking this very set up, I suggest the following revision to make losses smaller and profits larger without appreciably changing the winning percentage:

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  • #14,297
  • Jan 1, 2022 12:47pm Jan 1, 2022 12:47pm
Happy New Year to all our friends in this journal and FF too!

God Bless you in heaven, Cableguy. You are missed! Rest in peace.
  • #14,298
  • Jan 1, 2022 1:05pm Jan 1, 2022 1:05pm
Quoting capstone
{quote} Harold, you used to have a rule that the 2 point of the 123 had to be higher than the 2 point of the 2b. It looks like you are not doing that anymore. Any 123, as long as there is a 2 point difference between points 2 and 3, is good?
2 kinds of hat 1 is a 2b followed by 123 where the pattern is in proximity to each other the other is just a hat
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  • #14,299
  • Jan 3, 2022 7:32am Jan 3, 2022 7:32am
Good Luck to all traders this new year. may we all overcome challenges that face us.
regards
goma
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  • #14,300
  • Jan 3, 2022 9:21am Jan 3, 2022 9:21am
late to market .. got this:

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