First bar and then the ideal setup.....

Searching for a trading plan, there is no need to scream at yourself over it, I mean it right there in front of you all day....27 setups and if the direction of the 34 ema is beyond 17.243 degrees and then you have the sidwinder and on and on it goes.
Everyday the search for the holy grail continues in your mind, except that is exactly where you will end up finding it.....of course, if you ever do!!!!


I have three types of trade setups...the best one is the ideal setup because it will trigger in the direction of the current trend, then we a scalpers paradise for when the ideal setup is just not setting up. Instead of falling asleep waiting I go into a scalping type of mode. But before all those setups there is the first bar trade with a third bar reversal. Once the first bar prints, then if the high is taken out without taking out the low, I buy the market and drop down to a 70 tick chart to manage the first half and so on.

The last couple of weeks, I have had to keep an eye on the roofers, heating and air and a whole host of sbus but was able to get back to trading on Thursday and the FBT wasn't the best thing, but it's really about money management isn't it??????

Needless to say that setup kicked in and made me a happy camper.....but wait after the FBT I start to look for the ideal setup........did we have any????


The mistake if you like that most traders make and this is my personal opinion and not that of our sponsors is......newbies want to get every swing and every penny of every swing or they beat themselves to dead. When you only need a few points per day and the stones to trade the number of contracts to meet your goals, it's as simple as that.

The market started a nasty little selloff and the spread that had been drifting now had an attitude, the 50 CCI ZLR setup with the stoch at the top (All marked with an X of all things) and the ideal trade was a nice winner........But most traders just can't sit on the hands and wait and wait and wait. Some even want to buy the bottom and those traders I love the most. By 12:03 I was done for the day.....WHY, well it is simple....I started feel guilty about the money, it came so easy today.