Stopped out at 1920.75 for +18.85 points. My target was 1922, which was a tick under the overnight Globex high. Once it traded to 1921.75, one tick below my target, I moved my stop to 1 point below that 21.75 high. I do this because my targets are ...

Flag trading the trend

Here is a pic of my current ES trade: +55 ticks at the moment, my profit target is currently 1922, and my stop loss is 1912.50, with a 1902 entry. Looks good, right? image Once this trade is finished, I will post about how I let a bias cause me to ...

Flag trading the trend

Good plan. This week I've only been trading the ES after the NYSE open at 9:30 EST. My goal is 10 points/day before noon, no new trades after 11:00 AM, quit after 3 losses in a row (this hasn't happened, and given my "opening range" strategy," three ...

Flag trading the trend

I love the clean look of your simple set up. 999 shows which direction to aim, and the 333 tells you when to pull the trigger and fire on the target. Great post, tdforex! Thanks for sharing! Ditto!

Flag trading the trend

I'll also be reducing my posting this week. My focus this week is trading YM in the AM scalping D's line on close style and intraday swing trading the ES from S/R. Here is to a profitable and productive week for all!

Flag trading the trend

I agree. Trade first, post later. Produce, then talk shop. But produce first. YM in the AM or should it be written YM in the AM™ Have a great weekend, D and everyone!

Flag trading the trend

Good stuff, as always, D.! I will be low profile or absent from the thread this coming week. I'll be working on putting the above into a trading plan for me and the exponential project and I need to focus. Yesterday and this morning I found myself ...

Flag trading the trend

Stopped out on that last runner and I should probably short again but I really am beat so I am done for the day.

Flag trading the trend

Just got short at 16268. Traded 10 lots no problem and took 8 ticks on 9 of them at 260 and I am letting the last one contract ride with a breakeven stop and a 16219 profit target. I meant to keep two contracts open but fat fingers screwed the ...

Flag trading the trend

Thanks for that, D. Good to know. I finished +75 ticks even after having gone -17 out of the gate. Even if I had to have taken a full -15 on that second trade I'd have ended +62 for the day. I'm very pleased with how the YM has treated me these past ...

Flag trading the trend

Same trade, stop loss is now @99 which would be a -2 tick. Logic of the stop should be apparent. Uinsg the same line on close pivot break framework, the stop, imo, should below the latest pivot low for a long once this is established. Just stopped ...

Flag trading the trend

image

Flag trading the trend

I only have my charts set up to show active orders and current positions. Once a trade is over, it is over, and I cannot stand looking at all those markers on my chart. I showed each trade yesterday as best I could in real time, and anyone following ...

Flag trading the trend

Not even 8AM here in the states. I'm still on my first cup of tea A lot of news out this morning at 8:30 AM Eastern and then again at 9:45 Eastern and 10 AM Eastern. I will not trade until after the 8:30 AM release of the Q4 GDP numbers and then ...

Flag trading the trend

In my opinion, 123's intraday test out best using line on close. Also, you are using a very fast microbar interval for trading. The patterns are the same, but you are going to have many 123's that are successful, but you might judge them to be ...

Flag trading the trend

I think the cableguy was replying to my post and not you. We were both simply saying that trading without clearly defined set ups is stressful (and I'm sure you would agree). In other news - is there any question we are in a bear market? This is ...

Flag trading the trend

Today's Take aways, imo: And finally, "It makes trading easier if you know which way the momentum is going." image

Flag trading the trend

All can be discretionary in the absence of definition and rules. I mentioned "discretionary" earlier. I was doing so in reference to how I selected my ES entry at an ATR extreme. I probably misused the term, as I actually knew exactly at what price ...

Flag trading the trend

Awesome! We are on the same page here: The concepts, the general principles are and shall remain the same. Any particulars external to the price action, e.g. MACD, Keltner channels, CCI, Moving Averages, etc. should be selected and used by the ...

Flag trading the trend

All great stuff, D! The YM: video

Flag trading the trend