perfect entry at 9:49 CST 21 gain

https://screencast.com/t/CProfL2J

supermht 

perfect entry at 9:49 CST 21 gain 2011-07-08_0958 - supermht's library

There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up

masood chughtai 

There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up

Nice trade traders, this has been the only good setup per the rules for the day as I took it as well

those who wait get paid eventually

Charles

Thanks Charles, this is the only trade I took today, done for this week.

cjbooth 

Nice trade traders, this has been the only good setup per the rules for the day as I took it as well those who wait get paid eventually Charles

When price was going up, my train of thought was that I wonder if 1508 cloud would reject the up move and that if price would come below 1508 13 MA. Once it did, my thoughts were would this significat divergence on 377 chart give us 21 ticks or not. In other words nothing happened haphazzaardly. It must have been a slower PA.

masood chughtai 

There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up

In my charts, the entry candle closed at 1.4242, so the 21 tick profit was filled after the 14 tick retracement on the bounce at 1.4223, when trade was 19 ticks in profit. Seems like when using tick charts, a couple of ticks can really make a big difference. But aside from that, it was a "textbook" entry.

Seems I'm starting to understand and implement it better. Woohoo!

Lmess 

In my charts, the entry candle closed at 1.4242, so the 21 tick profit was filled after the 14 tick retracement on the bounce at 1.4223, when trade was 19 ticks in profit. Seems like when using tick charts, a couple of ticks can really make a big difference. But aside from that, it was a "textbook" entry. Seems I'm starting to understand and implement it better. Woohoo!

I did only a few ticks on the first entry as price as noted has closed within the cloud and above the triggerlines but immediately after i got another entry. Obviously, i could have hold but my trailing stop was at 1.4235 and my entry at 1.4242. Next entry was at 1.4227, exit at 1.4205.

I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped.

I'm not too clear when to tighten the stop.

Thanks!

SeeTrader 

I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped. I'm not too clear when to tighten the stop. Thanks!

Follow the guide:

My 6E trading strategy When risk parameters (less than 12 ticks) permit I prefer my stop to be above/below the prior swings high/low that is the best place to put it as it keeps your stop above the move At the very least it needs to be 2 ticks above/below the candle before …

My 6E trading strategy Hi Traders, I just wanted to share quickly a technique i use once in a trade. As I have mentioned by initial stop is never more than 12 ticks With that said lets say you go short in this example as candles are moving in my favor my stop does not …

cjbooth 

Nice trade traders, this has been the only good setup per the rules for the day as I took it as well those who wait get paid eventually Charles

Are most of you guys full time traders? What do you guys do throughout the day between trades using this method when there are so few trades, sometimes none for days? How do you keep your focus on the market throughout the day, in order not to miss that one or two trades for the day?