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M5/15 RSI 50/50 Test Journal

  • #201
  • Apr 30, 2019 3:24am Apr 30, 2019 3:24am
currently just started reading this thread by a tier 1 bank chief dealer who no longer post in ff. may he find peace in whatever he is doing now.

"There are many ways to trade, and for everyone the decision making process is different.
What you have described are very mechanical methodology.
It would be the way to go , if you were a machine.

Try to feel the market, ask yourself questions all the time.
You are not crazy if you ask the questions , only if you listen.

Look at the chart, ask yourself,
what did the market do when it was last at this level, historically?
was this level significant chart wise?
which direction is the market trending?
try to feel if its try to go up or down?

if you have determined the direction, its most likely to go.
if you use indicators, try to determine the nearest safe level to attempt entry.

after entry watch the mkts.
Is it doing what you thought it should be doing?
are you comfortable with the position?

then be aware that something is happening in the fundamental front.
try to find out if there's any special reason from the news releases.

For dealers, time frame is of no consequence, it is constantly being managed.
Some dealers uses the averages, mostly just look at price levels."
ITB - Seeing Orderliness amongst 'Randomness'
  • #202
  • Apr 30, 2019 5:54am Apr 30, 2019 5:54am
for education purposes
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #203
  • Apr 30, 2019 6:14am Apr 30, 2019 6:14am
see whether gj m15 can close below yesterday's high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #204
  • Apr 30, 2019 6:30am Apr 30, 2019 6:30am
Quoting Inthebox
currently just started reading this thread by a tier 1 bank chief dealer who no longer post in ff. may he find peace in whatever he is doing now. "There are many ways to trade, and for everyone the decision making process is different. What you have described are very mechanical methodology. It would be the way to go , if you were a machine. Try to feel the market, ask yourself questions all the time. You are not crazy if you ask the questions , only if you listen. Look at the chart, ask yourself, what did the market do when it was last at this...
FTI's thread?
  • #205
  • Apr 30, 2019 6:38am Apr 30, 2019 6:38am
Quoting Inthebox
i want to say until now, i think one knows enough arsenal to trade if conversant with the method shown in this thread. i have shown it all without holding anything back in my years of trading experience. here is your short cut saving all those years of seeking. hope you can participate.
Thanks again, Inthebox. I agree we just need to master 1 technique as there is no holy grail in forex trading.

I will try to post my trades and share with others who may be interested to learn from this thread.
  • #206
  • Apr 30, 2019 6:41am Apr 30, 2019 6:41am
Quoting kellycml
{quote} FTI's thread?
yeah. it's difficult reading.
ITB - Seeing Orderliness amongst 'Randomness'
  • #207
  • Apr 30, 2019 7:04am Apr 30, 2019 7:04am
Quoting Inthebox
{quote} yeah. it's difficult reading.
Indeed ... I read more than 250+ pages of it, I agreed with what he said (about MM) and understand his concept but find it hard to put in practice (probably cause I lack the experience). Besides, I'm sure there are more than 1 way to Rome, so I am happy to practice the "easier path" you gave to us here
  • #208
  • Apr 30, 2019 7:13am Apr 30, 2019 7:13am
all system goes along. late entry.
h1 price above 50 sma green up. rsi broke trend line.
m15 price above 50 sma green up. rsi broke trend line, retrace. 3 bar reversal entries.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #209
  • Apr 30, 2019 7:28am Apr 30, 2019 7:28am
Quoting Inthebox
see whether gj m15 can close below yesterday's high.
condition set like this saves heartache.
ITB - Seeing Orderliness amongst 'Randomness'
  • #210
  • Edited 8:09am Apr 30, 2019 7:58am | Edited 8:09am
the bias for eur and gbp are now up. so take the loss.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #211
  • Apr 30, 2019 8:10am Apr 30, 2019 8:10am
As I believe that the current down trend is due for a retracement, I went long on the trend line break. I'll be putting my S/L to breakeven if price ever makes it to 50% of my target.
Attached Image (click to enlarge)
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  • #212
  • Apr 30, 2019 8:25am Apr 30, 2019 8:25am
Quoting pipShine
As I believe that the current down trend is due for a retracement, I went long on the trend line break. I'll be putting my S/L to breakeven if price ever makes it to 50% of my target. {image}
for current trend yes. not the main one.
ITB - Seeing Orderliness amongst 'Randomness'
  • #213
  • Apr 30, 2019 8:31am Apr 30, 2019 8:31am
Quoting Inthebox
{quote} for current trend yes. not the main one.
I agree. I think this is a retracement and not a reversal.
I've counted at least 4 bearish waves.
  • #214
  • Apr 30, 2019 8:41am Apr 30, 2019 8:41am
Quoting pipShine
{quote} I agree. I think this is a retracement and not a reversal. I've counted at least 4 bearish waves.
she is doing counter trend. but the 50 sma tells.
ITB - Seeing Orderliness amongst 'Randomness'
  • #215
  • Apr 30, 2019 8:49am Apr 30, 2019 8:49am
Well, I knew that trading the retracement was risky.
I think that if the US CB Consumer Confidence wasn't coming up in 15 minutes then I might have had a chance.

Note to Self: Stay away from trading against the trend and stick to the methods discussed in this thread.
Attached Image (click to enlarge)
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  • #216
  • Apr 30, 2019 8:54am Apr 30, 2019 8:54am
Quoting pipShine
Well, I knew that trading the retracement was risky. I think that if the US CB Consumer Confidence wasn't coming up in 15 minutes then I might have had a chance. Note to Self: Stay away from trading against the trend and stick to the methods discussed in this thread. {image}
you used to draw trend line on h1 first. take a look. rsi has not even cross the 13 sma.
ITB - Seeing Orderliness amongst 'Randomness'
  • #217
  • Apr 30, 2019 9:24am Apr 30, 2019 9:24am
pipShine,
study this which i had previously placed in the other thread i used to be in.
i considered him to be my mentor though i do not know where is he now.
he was the one who changed my way of trading.
if it interests you, you can then see the rest of his videos. each not more than 10 min.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #218
  • Apr 30, 2019 9:39am Apr 30, 2019 9:39am
May I know if there is a way to change the column width or font size for this Dashboard RSI v2? I can't find it
Attached Image
  • #219
  • Apr 30, 2019 9:44am Apr 30, 2019 9:44am
Quoting kellycml
May I know if there is a way to change the column width or font size for this Dashboard RSI v2? I can't find it {image}
not that i know of.
however you can try changing the resolution of you computer.
ITB - Seeing Orderliness amongst 'Randomness'
  • #220
  • Apr 30, 2019 9:46am Apr 30, 2019 9:46am
Quoting Inthebox
pipShine, study this which i had previously placed in the other thread i used to be in. i considered him to be my mentor though i do not know where is he now. he was the one who changed my way of trading. if it interests you, you can then see the rest of his videos. each not more than 10 min. https://www.youtube.com/watch?v=mY2p...P&index=3&t=6s
Thank you, Inthebox, I'll watch it today!
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