LAST (Long term Analysis - Short term Trading) | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Short Term Vs. Long Term Trading 81 replies

Why Trading Forex is So Difficult - Long Term vs. Short Term 84 replies

Long term Vs Short Term Trading 72 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: LAST (Long term Analysis - Short term Trading)
Exit Attachments

LAST (Long term Analysis - Short term Trading)

  • #21
  • Jun 23, 2017 6:04am Jun 23, 2017 6:04am
Quoting abokwaik
{quote} The system uses no indicators except candle sticks and volume. I just added stochastic indicator for new traders to understand were the trade was taken, but when I took the trade I didn't use stoch or any other indicator, only price action and the rules that I am explaining in this thread. As a day trader you need to "LIVE and BREATH" the price action, then you know when to take the trade without using any indicator, just using general guide lines.

Ok, but I don't understand your entry point. Why exactly here and not earlier or later? Which PA did you see? And how do you determine SL and TP?
  • #22
  • Jun 23, 2017 7:04am Jun 23, 2017 7:04am
Now at NY open, we watch PA and see if it will be maintain its position above/below DO, or reverse.
No guts, no glory
  • #23
  • Jun 23, 2017 7:14am Jun 23, 2017 7:14am
Quoting Traffex
{quote} Ok, but I don't understand your entry point. Why exactly here and not earlier or later? Which PA did you see? And how do you determine SL and TP?
Follow and hopefully you'll understand.
As I mentioned, this system does not have not strict rules.
It requires good screen time, until you feel you are in rhythm with the market.

Inserted Video
No guts, no glory
  • #24
  • Jun 23, 2017 7:20am Jun 23, 2017 7:20am
UJ rejected at DO.
No guts, no glory
  • #25
  • Jun 23, 2017 7:26am Jun 23, 2017 7:26am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 33 KB
No guts, no glory
  • #26
  • Jun 23, 2017 7:30am Jun 23, 2017 7:30am
Quoting abokwaik
{image}
Sounds good AB,
well i have one question do u watch purely PA on m5 or do u keep switching TFs ?
  • #27
  • Jun 23, 2017 7:42am Jun 23, 2017 7:42am
Quoting aszain02
{quote} Sounds good AB, well i have one question do u watch purely PA on m5 or do u keep switching TFs ?
M5, M15, H1.
No guts, no glory
  • #28
  • Jun 23, 2017 8:49am Jun 23, 2017 8:49am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5_2.png Size: 27 KB


I hope you got the idea. More on this later.
No guts, no glory
  • #29
  • Jun 23, 2017 8:58am Jun 23, 2017 8:58am
Today so far.

Attached Image (click to enlarge)
Click to Enlarge Name: eq1.png Size: 20 KB


As I mentioned earlier today, I trade with low leverage on Fridays.
No guts, no glory
  • #30
  • Jun 23, 2017 9:03am Jun 23, 2017 9:03am
Quoting abokwaik
Today so far. {image} As I mentioned earlier today, I trade with low leverage on Fridays.
Well done
  • #31
  • Jun 23, 2017 9:05am Jun 23, 2017 9:05am
Wow, Awesome please keep sharing!
"What would you attempt to do, if you knew your success was a certainty?"
  • #32
  • Jun 23, 2017 2:14pm Jun 23, 2017 2:14pm
Hello there Friend, K.A., I been researching and testing a lot of things, its great when you see it with those who are close to you with like minds.
This is a great concept. I hope i can put some info in here...
R:R "Percentage Focus"
  • #33
  • Jun 23, 2017 5:02pm Jun 23, 2017 5:02pm
Today ended with 1,8% which is acceptable for a Friday.

Attached Image (click to enlarge)
Click to Enlarge Name: eq2.png Size: 18 KB


Month is Up 135%, Week 32%.

Attached Image (click to enlarge)
Click to Enlarge Name: te1.png Size: 44 KB


I will remove the trade explorer for now, and post daily/weekly results.

I shared this as a way to show that trading can be profitable, and that markets are not completely random as some say.
The system made over 1000 trades in less than a month, trading different instruments, long and short, which is also another way to show that price action can be read,, and that trading is not gambling.

Have a nice week end.
No guts, no glory
  • #34
  • Jun 23, 2017 5:07pm Jun 23, 2017 5:07pm
Quoting PrinceJ58
Hello there Friend, K.A., I been researching and testing a lot of things, its great when you see it with those who are close to you with like minds. This is a great concept. I hope i can put some info in here...
Hey J.,

Welcome aboard my dear friend.
I am sure you have so many great ideas to share.

All the best,

Khalil
No guts, no glory
  • #35
  • Jun 23, 2017 5:12pm Jun 23, 2017 5:12pm
Quoting Traffex
{quote} Ok, but I don't understand your entry point. Why exactly here and not earlier or later? Which PA did you see? And how do you determine SL and TP?
Things will get clearer as we move on. The quick answer is : Entries and Exits are driven by price action along the general guide lines.
No guts, no glory
  • #36
  • Jun 23, 2017 5:15pm Jun 23, 2017 5:15pm
Some might ask : why you took short trades on EU above DO in the late session ?

I will leave that to you guys to answer.
No guts, no glory
  • #37
  • Jun 23, 2017 5:34pm Jun 23, 2017 5:34pm
Quoting abokwaik
{quote} Hey J., Welcome aboard my dear friend. I am sure you have so many great ideas to share. All the best, Khalil
Precisely K.A., can't wait.
R:R "Percentage Focus"
  • #38
  • Jun 23, 2017 7:44pm Jun 23, 2017 7:44pm
Quoting abokwaik
Some might ask : why you took short trades on EU above DO in the late session ? I will leave that to you guys to answer.
Abokwaik,
Thank you for your sharing your knowledge. Can you explain why you took short trades on EU above DO. I did too but I closed all my positions due to the weekend
  • #39
  • Jun 24, 2017 2:15am Jun 24, 2017 2:15am
Quoting abokwaik
{image} I hope you got the idea. More on this later.
Really nice results, congrats

One question:

You trading without SL, you have mental SL when things go wrong or SL= account?

Thank you for answering
  • #40
  • Jun 24, 2017 5:57am Jun 24, 2017 5:57am
Quoting abokwaik
Some might ask : why you took short trades on EU above DO in the late session ? I will leave that to you guys to answer.
Hi abokwaik, very nice threath, subscribed, like this aproach simple and efective...

Did you shorted because althougth you were above DO, London rejected 1.1177 and then traded below is open ( London open ).

Thanks for sharing...
0 traders viewing now