11/11/2010 13:46:55
forum
Administrator
Posts: 387
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Regretable due to the incomptenece of 1and1 servers all images have been lost forever...
there is a smaple trade plan that is a better document to look in light of missing details
https://www.micro-trends.co.uk/forum/forum109-ninjatrader-discretionary-trading-forex-futures-and-equities.aspx
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22/04/2010 20:57:56
nigel
Posts: 105
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Trade plan 22/04/10
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nigel
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21/04/2010 21:33:49
nigel
Posts: 105
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Trade plan 21/04/10
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nigel
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21/04/2010 02:14:19
Tom Leeson
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Posts: 661
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revisti this : https://www.micro-trends.co.uk/forum/topic261-woodies-cci.aspx
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MicroTrends tom
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21/04/2010 01:58:30
Tom Leeson
Administrator
Posts: 661
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WHAT IS THE JOB OF THE BIG TRADER?
to drive up to R1 to the trends and dump it back down again..... or vice versa
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MicroTrends tom
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21/04/2010 01:56:32
Tom Leeson
Administrator
Posts: 661
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where are the Pivots?
This is the most important stuff you have missed out on - with your information recording....
if we are at S2 - it's a great setup...
when were we at S2 or R2
are we selling the permium price or buying the discount price....
edited by tom on 06/05/2010
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MicroTrends tom
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21/04/2010 01:56:22
Tom Leeson
Administrator
Posts: 661
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read to the left
wher is the gann fann?
what happened between 00:00 and 00:02AM - did we open the range then break thouehg the low
is the market down?
is the market up?
above/below the open
are we opening lower than yersterday?
isthis a down day?
what is the last 1 to 5 days - ie this week doing?
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MicroTrends tom
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21/04/2010 01:18:49
Tom Leeson
Administrator
Posts: 661
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WHAT THE?
10 min chart, in narrow range, 25 pips or less, use bollinger band outers instead of high and low for trade setups
THE TRADE SETUP IS HIGH, LH, LOW OR HL NOT THE BOLLINGER....
YOU MAY COMBINE IT AS A NOTE OF FURTHER CONFIRMATION IN THE JOURNAL ONLY
MAYBE YOU DONT MEAN WHAT YOU WROTE THERE I THINK...
IF THE RANGE IS **** DON'T TRADE IT - BUT YOU DON'T KNOW WHEN THE RANGE WILL EXPAND
dont forget that the point of using a limit order is to enter at the edge - so a 25pip range may be better than you know- you have to put the bait in and wait....
you dont move it after the market -dont chase it.....
this thing about the bollinger that is a different system -" instead" - what does that mean - you mean to change the system ? no....you cannot do that - you can only make notes about it.... use it as a permission slip ticket in some cases...
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MicroTrends tom
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21/04/2010 00:56:21
tom999
Posts: 9
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OVERALL PRETTY IMPRESSIVE...
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21/04/2010 00:51:24
tom999
Posts: 9
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look for:
WOODIES Divergence
TREDNING, FLAT, UNKNOWN
DECIPHERE THE BRICKS AND DOTS USE THE FORUM POST TO SEE....HOW
ZERO LINE REJECTION
EXTREME
LOOK FOR CONFLUENCE ON OTHER CHARTS
TIME
4 HOUR CUYCLE
NEW HOUR?
PRICE ACTION
240 GREEN, RED, 60 GREEN, RED ETC
CANDLE PATTERNS
double bottoms/top,triples... morngin and evening stars... twin peaks
rsi above 50?
CCI ABOVE 100 ON 3MIN
GANN FANN PLACEMENT...
YESTERDAYS RECENT LOW...
8X1 REJECTION ETC
IS THERE OBVIOUS LEVELS ON DAILY CHART?
DAILY TREND ETC
30 MIN 533 WMA
ARE WE PULLEDBACK TO MA?
ARE WE RANGE BOUND?
edited by tom999 on 21/04/2010
edited by tom999 on 21/04/2010
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21/04/2010 00:47:12
tom999
Posts: 9
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NEWS
SENTIMENT - and EVENTS
i will loginto bloomgerg.com and scan the headlines for 5 minutes for money amalysts reports - get the global senitment and also news of disasters etc
i will login to forex factory.com and see if there are any important UK, EU, USA reports coming out... is it worth trading?
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21/04/2010 00:45:24
tom999
Posts: 9
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TRADE PLAN
to prevent over trading:
I will take a break after each trade
I will write the trade in the journal and make notes
i will have a 10 minute break every hour
I will not get lured into small time frame chart action
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21/04/2010 00:43:28
tom999
Posts: 9
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TRADE PLAN
Trading
i will markup the chart as i trade as i have practiced
ABC points ellipses
trade setup
trade entry
order entry, stop and target
trade exit
if poss notes about the conditions
i will print the chart at the end of the session
To force myself to do it right i will post a chart to the forum of 1 trade per day all marked up..
edited by tom999 on 21/04/2010
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21/04/2010 00:34:47
tom999
Posts: 9
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Use of indicators to aid trade entry,
and record in journal to review later for backtesting to confirm if they are reliable to use in the future,
look for repeating patterns before & during 25 pip + trades, as follows,
Do you mean you will follow the trade plan and record in the journal and makes notes of the following conditions and indicators?
if so then most excellent...
edited by tom999 on 21/04/2010
edited by tom on 21/04/2010
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21/04/2010 00:24:33
tom999
Posts: 9
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Trade entry Conditions
1.Bar close above/below cyan MA
2.Woodies cross zero - optional?
3.Limit order filled at 20 sma or 5ema - this is not a trade entry condition
Trade order entry
Limit placed at 20SMA +- 5 ticks
When to cancel if no fill?
Trade exit
1.Bar closes above/below cyan MA
2.Trendline Break - optional?
3.Target hit
4.Stop Hit
Stop Above/Below Technical level+/-13 ticks if poss such as ? or are you going to make it up as you go?
how about just to focus you
swing high/low
OHL
Targets S2,S1,PP,R1,R2 OHL or Previous OHL+/-Ticks, or Technical level - such as?
STOP management?
20 ticks move to BE?
edited by tom999 on 21/04/2010
edited by tom999 on 21/04/2010
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21/04/2010 00:15:47
tom999
Posts: 9
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STOP MANAGEMENT
You have proved that you did not stick to the trade plan completely as you still have not defined your stop management strategy....
move to BE after 20ticks where is that? very important you try to read and pick what is important .... chaing your stop strategy without backtesting it or writing it in a trade plan is system sabotage - gamlbing.
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21/04/2010 00:00:48
tom999
Posts: 9
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i understand what you mean but:
Daily Target 26 and Loss Limit 26 is not the same as a profit/loss ratio
That would be Daily Target to Daily Loss Ratio....
profit/loss ratio is the Risk Reward ratio and is defined by the AVG loss versus AVG win
which could still be 1:3 with a daily target:daily loss limit of 1:1
We do not know it is suitable or viable without statistical evidence.
You were guided to keep this at a ratio of 1:2
why are now changing things?
Where is your reasoning and backtesting, evidence for doing this?
Why are you practicing things you will not do for real?
What made you change this?
Is this is system sabotage - you supply no backtesting and no evidence for the need to change and have wondered off to change parameters you have no real understanding of. Is this a trader who likes to tinker to suit themselves. this is not a trader who has used the trading framework to make the change using scientific reasoning which they can provide?
WILL YOU STICK TO THE RULES for live?
is there another set?
when are you going to test as if you were live?
26 to 39 is what you were advised by far more experienced people - why are you changing that? what is the logic? where is it?
you don't know this is suitable or not without statistical evidence....
edited by tom999 on 21/04/2010
edited by tom999 on 21/04/2010
edited by tom999 on 21/04/2010
edited by tom999 on 21/04/2010
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20/04/2010 23:35:31
nigel
Posts: 105
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Trade plan 20/04/10
26 pip profit for day
26 pip loss for day
This is for sim purposes,Profit/loss ratio is not suitable for trading live
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nigel
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28/03/2010 19:13:10
nigel
Posts: 105
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Forum entry Template
Copy & Paste
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nigel
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28/03/2010 19:10:36
nigel
Posts: 105
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Trade plan 28032010
5 Instruments,
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nigel
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