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A Veteran Method Discussion

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  • Which time frame do you trade Veteran method
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  • Post #1
  • Quote
  • First Post: Sep 30, 2007 7:33am Sep 30, 2007 7:33am
Hi traders,

The method itself is descibed here: The Veteran Floor Trader Method.

It is a simple and easy to follow method I admire a lot.

This thread here is supposed to be the place to discuss all charts - currently opened, upcomming setups or analysis of past trades.

I hope to be useful and to enjoy it.
OK here is a chart for comments:

Sell Stop Order on GBPCAD Daily chart.

Here we have a strong down trend currently consolidating with a possibility for another down move in the near future...

I'll appreciate your comments...
Attached Image
Hey isto....
I had to check 3 of the TFs, Daily and 3hr mostly and an occasional 1hr if the trend is strong.
Same Whore .... Different Dress
Quoting johnedoe
Hey isto....
I had to check 3 of the TFs, Daily and 3hr mostly and an occasional 1hr if the trend is strong.
You mean that you wait all mentioned timeframes to show same trend?
Why? Don't you miss some moves?
Another chart for comments... EURCAD daily.

Seems a good sell setup, eh? will see :moeny:
Attached Image
Quoting isto
You mean that you wait all mentioned timeframes to show same trend?
Why? Don't you miss some moves?
I trade mainly the Daily, and the shorter TFs if the trend is showing good strength and momentum I will take a trade on the signal.
Same Whore .... Different Dress
EURCAD (post #5) broke down today showing very sluggish move. It seems it could turn up perhaps?
Attached Image
Here are charts from last week.
UADCAD
and
AUDUSD
Here are some charts from last week - 5-11 Nov

  1. EURUSD
  2. AUDUSD
  3. NZDUSD

Keep up the good work isto....
Same Whore .... Different Dress
No trade this week. There were no reliable signals by this system.
Home next will be better.

Actually tighten the stops kicked me out of some trade that might be very profitable...

But this is only an if
Very interesting system! BUT I have a question: which are the rules for setting S/L and T/P?
Quoting RedTrader
Very interesting system! BUT I have a question: which are the rules for setting S/L and T/P?
They are not clearly specified.
I set them visually. This is why some of the trades exits are too early
Hi,

I want to ask you for SL, do you set it on lower time frames or how?
These method of trading remind me on Joe Ross trading.

Thank you for your answers.
After a week rest. This week offered a nice start
Here is the trade EURUSD
Quoting zupi
I want to ask you for SL, do you set it on lower time frames or how?
SL is usually placed on the opposite side of the setup bar. No particular rules. Just follow the landscape of the price move.
Hi isto,

I just want to ask you how was this week for you in trading. I was folowing the day timeframe and nothing good came up this week, or i am wrong.
Quoting zupi
Hi isto,

I just want to ask you how was this week for you in trading. I was folowing the day timeframe and nothing good came up this week, or i am wrong.
look here

There are also some more orders which will post later
  • Post #19
  • Quote
  • Edited 9:48am Nov 30, 2007 9:38am | Edited 9:48am
Nice moves
EURSEK -> here.
USDDKK -> here
And here is USDGBP on 5 min trade.

Not bad but trader must look after the orders all the time...
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