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SilentFathers Trading Ideas

So far price did what was expected to happen. Let's see if we catched the bigger reversal or smaller one.
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nice ideas silent father but even without the indicator you can spot supply and demand
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Try OVO.cz for renko/range bars. You can get a 14 day free trial (and just for the record I have no affiliation with them).
Quoting Divergence
nice ideas silent father but even without the indicator you can spot supply and demand {image}
I can agree with you on that. But let's look what I said before. I work on this because I want to minimize the drawdown you can get with basic supply and demand / Support & Resistance lines. Point of this is to make one trendline or support, resistance and then when price touches it - take a trade with lowest drawdown possible. I believe you can use stoploss 2 pips to get 50+ pips. It is all about this. I could not tripled my account in a week without this. It was possible. That's why I am using this. Try to follow me for a while. Or just look what I do sometimes. I'm sure you will get it.
good ideas, ill be following
Quoting SilentFather
So far price did what was expected to happen. Let's see if we catched the bigger reversal or smaller one. {image} {image}
@SilentFather, Hope we are making headway with the Blue Indicator. Thanks for the thread. Keep it up. Very clean chart.
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Interesting concept. Looking forward to checking out your indicator.
Hello SilentFather,
Thank you for your sharing knowledge.
I have a question relate to this post https://www.forexfactory.com/showthread.php?t=800445&reply=1&page=3"e=11322232
Why not trade the pink level? it seems great to me (before it failed of course)
And if you trade that pink level or any level like that, how you handle it? (It bounce a lot form both sides, how can you decide to hold or to escape?)
Thank you very much
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Relate to that post too
How do you identify TP level to get +100 pips? I'm pretty sure there will be some trendlines and levels between your entry and target
It's bugging me that my trade go boom at my direction right after I take profit.
Thank you again.
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[quote = SilentFather; 11322025] Aqui está outro exemplo de dificuldades que ainda tenho com isso. Quero dizer, o número 1. O preįo está literalmente subindo na linha de tendęncia, mas não está tão limpo quanto antes. Isso pode acontecer. Mas tudo pode ser "consertado" mesmo com simples aįão de preįo e cérebro. Ou apenas leve um mau comércio ... Vocę perderá alguns pips. Nós não estamos negociando no gráfico diário com 50 pips SL. 5 pips SL é "nada". Eu sei, pode doer, mas vocę precisa tirar essas perdas de qualquer maneira. Ainda está sendo atualizado. {image} {image} {image} [/ quote]
indicator and tpl please, to be able to test....

tks
Quoting extraw
Hello SilentFather, Thank you for your sharing knowledge. I have a question relate to this post https://www.forexfactory.com/showthread.php?t=800445&reply=1&page=3"e=11322232 Why not trade the pink level? it seems great to me (before it failed of course) And if you trade that pink level or any level like that, how you handle it? (It bounce a lot form both sides, how can you decide to hold or to escape?) Thank you very much {image}
Hello and thanks for a good question. You are right. The level looks great. We have few options.

1. When first touch happened on cca 25. January, you can see two wicks. Because of this, it's better to make your next point as close as possible to the high of the candle. Because price will probably want to test it once more.

2. Create those two points and wait for price what will happen on tick chart. Because on tick chart, you will see better what is happening and if price is slowing down. And if something bad happens, you can reenter opposite direction with little to 0 lose.

I can't say that your level is "bad". You would just need a higher SL.
Quoting extraw
Relate to that post too How do you identify TP level to get +100 pips? I'm pretty sure there will be some trendlines and levels between your entry and target It's bugging me that my trade go boom at my direction right after I take profit. Thank you again. {image}
Since we are trading from extreme high to extreme low, and vice versa, we should have high possibility that price will go for much more than let's say 20 pips. I would recommend watching tick chart with H1 so you can see what price is doing. You can see here that simple price action could help us get more profit, since we see that price is moving down and down before finally slowing down where we should close the trade.

Remember you can trade more lots because our SL is so small. This means we don't actually need 100 pips to get a good amount of money.

See how price did a great movement down, with a small hesitation, with another move down, pullback up but price was lazy to beat it so we would still wait. After that price was more and more lazier to go down again so we should close it. We went from high to low on H1 chart. That's what we want.
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  • Post #53
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  • Edited 3:39am Aug 2, 2018 3:14am | Edited 3:39am
Quoting SilentFather
{quote} Since we are trading from extreme high to extreme low, and vice versa, we should have high possibility that price will go for much more than let's say 20 pips. I would recommend watching tick chart with H1 so you can see what price is doing. You can see here that simple price action could help us get more profit, since we see that price is moving down and down before finally slowing down where we should close the trade. Remember you can trade more lots because our SL is so small. This means we don't actually need 100 pips to get a good amount...
I think I get it. Would the bottom levels below be opportunities too? (Grey boxes)

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Retail traders have an enormous edge against the bankers, absolutely right, We can open BIG lots with small stops several times a day, we can make big money with little pips, retail traders still refuse to knowledge this and prefer trading Daily timeframes.

The real edge is being flat for the day everyday with small losses !!!

And by the way, the key to profit on the lower timeframes is all about momentum, that's the secret...just watch your charts together at the same time..dont be lazy..most people are and take trades based off a still chart...watch it live, how it moves...how it slows down and speeds up a move.
SilentFather
Hope will be one of the Great Thread in FF thanks man
Quoting venividivici
{quote} I think I get it. Would the bottom levels below be opportunities too? (Grey boxes) {image} Retail traders have an enormous edge against the bankers, absolutely right, We can open BIG lots with small stops several times a day, we can make big money with little pips, retail traders still refuse to knowledge this and prefer trading Daily timeframes. The real edge is being flat for the day everyday with small losses !!! And by the way, the key to profit on the lower timeframes is all about momentum, that's the secret...just watch your charts...
Yes, you are correct. And yeah, grey boxes you made are opportunities too. You actually pointed to something I missed in this thread. But I will come back to it. Anyway, if you look at my charts, you will see that these clean reversals happens after market was in some kind of smaller trend. I never found a way how to bypass this. Sometimes only simple price action can help.

Just an idea here. Maybe if we find out why price sometimes break my levels, we can expect this in future and maybe then create new level based on this info to get more accurate entry. I believe one thing can help us partially. And that is extreme low (oversold) and high (overbought) so our points must be below & above those price points.
This cTraders retail ratios is also great thing.. Just do the opposite, you will endup as winner here...
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Quoting SilentFather
This cTraders retail ratios is also great thing.. Just do the opposite, you will endup as winner here... {image}
Thanks for making me aware of ctrader, I just noticed my broker had it so giving it a try, first impressions compared to metarader? amazing..way better..much more fluid and reliable.

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Are we all still waiting for the name of the indicator? And why are we waiting?
Quoting valesch
Are we all still waiting for the name of the indicator? And why are we waiting?
Hell yeah...and why are people so impatient?

"Come on , stop talking...i dont want to hear what you got to say..just give me my new toy..."

Its not only impatient, itīs pretty impolite too
TWEE, revoke my membership.
Because I want to see for myself when and where the strategy is valid.. not potentially wasting time by just some screenshots where the strategy might have worked but in reality has no edge..
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