I do not mean to imply that I always take either a full loss or a full profit target. Here is an example of what for me is more or less a scratch trade. The market rallied and began to try to change direction. All attempts to change direction are in ...

Plan the Trade

Every bar during a trend is a potential set up bar. If price is in an uptrend, wait for a reversal attempt. Trail a buy stop above the high of the bars. Eventually price will take you in to the market. The bar before your stop is hit becomes the ex ...

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Very much so, Divergence. And I am sure we also would find ourselves in the same trades quite often. The key is we both trade price action behaviors that repeat time and time again. The other key is that we are often buying when the institutions and ...

Plan the Trade

Some scalp for a few ticks, others for a few points, others will trail a stop and take a large portion of the swing - to each his own. But the fundamentals are always the same. A local buddy of mine trades also: Only the 5 minute chart, only the ES, ...

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Sure, Divergence ... here you go image

Plan the Trade

The most important part of any trading plan is that the plan fits the trader's own character. Clearly what you are doing is working for you, Divergence. There is nothing better than finding your lane and grooving it.

Plan the Trade

Here is a chart from today. The yellow rectangle is a trading range that followed the decline from 11:30 AM EST and became the basis for the reversal to renew the rally. The green "up" arrows are set-up bars, and I buy on a stop above the high of ...

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Emotional control is at the heart of the matter, imo, whether one is designing and setting into motion an automated trading engine or if one is a systematic yet discretionary mouse clicker. But I agree that much of what you shared does seem to apply ...

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Going to breakeven + 1 when only up 7 ticks on the NQ probably is costing much more in profits than it is causing you in losses, erasmus. Have you done a forward test of your trades tracking the data and finding it supports such a quick move to BE? ...

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What's with all the spam advertisements in the thread all of a sudden?

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Hey Erasmus, I see +25 and I assume that means that that trade hit your target of +25 ticks. How do you end up with the +10's and the -12's and the +/-1's? I have a difficult time deciphering what's going on when I look at charts with black ...

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Those are interesting questions. I know that both Divergence and I came to futures having also traded forex. I, for myself, could not imagine ever going back to forex after trading e-mini futures. If I do trade currencies at all, I would trade ...

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Ok ... So I said I was done for the day, but I just can't resist when a set up flashes before my eyes ... if I see it, I have to trade it. Another rather quick hit here: Bought 93.75 buy stop and profit target 7000 even quickly filled on the limit. ...

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Very active morning for me thus far. I'm 13 trades with 7 profitable and 6 losses with a net profit of 50 points/contract - that is 200 ticks profit per contract and that seems like a great place to end the week. The chartt is a mess and for some ...

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Pre-market - it is tough to decipher as I scaled out on this one, but total profit averages to 9 points, or +36 ticks per contract on this pre-market short. image

Plan the Trade

Yes indeed there always have been and always will be big traders out there. Mark Douglas once told a story about a bond trader he was working with who traded 1000 contracts at a time, with a value of $31,500/tick! That trader traded just one hour a ...

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If I‘m not mistaken volume should roll to the June contract for Friday’s session.

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Hey Sonic ... I hope all is well with you and yours. Too bad this thread was moved to commercial content. It is still one of the best, in my opinion.

Sonic R. System

That's the way to do it for sure, Divergence. I would recommend anyone starting out to start with one contract, and then carefully track a series of 20 trades with his or her methodology. If at the end of 20 trades the trader is profitable and can ...

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