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Trading Institutional Order Flow

  • #5,101
  • Nov 10, 2017 1:01pm Nov 10, 2017 1:01pm
Quoting Akt
{quote} Hello BogdanM.ua Thank you for sharing your charts on NVIDIA I concur with the idea. Some traders would take the long trade as well because of the sideways big picture trend on daily best wishes
thank you Akt. Today the price has shown that I was wrong
I am sorry, i speak English a little bit
  • #5,102
  • Nov 10, 2017 2:10pm Nov 10, 2017 2:10pm
Looking for a potential trade for next week on USDCAD.
Attached Image (click to enlarge)
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  • #5,103
  • Nov 10, 2017 2:17pm Nov 10, 2017 2:17pm
I'm looking at GBPCAD for a potential trade next week
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  • #5,104
  • Nov 10, 2017 2:26pm Nov 10, 2017 2:26pm
I'm looking for a potential trade next week on EURCAD.
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  • #5,105
  • Nov 12, 2017 3:36am Nov 12, 2017 3:36am
Hello everyone

The next chapter in the T.I.O.F series or articles

TRADERS ARE MADE, NOT BORN


I have often heard the idea being propagated, that real traders are born that way, that it is a gift that only a few have and “you either have it or you don’t”. Many people coming into the trading world, if they stay, will likely come up against this belief system, especially during losing periods of their career.

Such thoughts as “maybe I am not cut out for this”, “maybe I should give up, it’s too hard”, “I have been doing this for so long but I still can’t make any money”

So I ask the question, why do so many people around the world seem to have this so called “gift”? How could they have all been born with the “trader gene” when for the clear majority of them, their parents were not traders? Their parents even advised and advocated against them becoming traders. So surely it can’t be in the genetic pool that these people got their abilities for trading.

In helping me to come to an answer for myself I have had to define the two terms “gift”, and “skill”

The dictionary definitions for these words are thus :
Gift – a natural ability or talent
Skill – "an ability to do an activity or job well, especially because you have practiced it"

We know that trading ability is unlikely to be genetic. We know from previous social experiments that trading can be learnt, the commonest and largely undisputed example being that of the turtle traders.

So why is it then that the average trader believes one has to be born with this “knack” for speculating and have a “gambler’s spirit” at heart to become a successful trader? Could it be that he/she has been conditioned through repetition of these ideas to now believe them to be true?

Notice the definition of the word “skill” – an ability to do an activity well especially because you have practiced it. This suggests that trading is more skill than genetics. It is more screen time, learning, education, development of self-awareness and behind the scenes work than a naturally, easy and logical process.

As has been said, “Hard work will beat talent every time”. So until the trader through a change in his perspective of what is required to succeed, changes his mindset the struggle will remain.
So be assured, this is possible for anyone willing to develop their “skill” rather than the one looking for a secret system he/she believes will be the solution from someone “born to trade”.

I wish you well.

Be careful what you think because your thoughts run your life..Solomon
  • #5,106
  • Nov 12, 2017 5:33am Nov 12, 2017 5:33am
Quoting Sard
Looking for a potential trade for next week on USDCAD. {image}
Hello Sard.
Welcome to T.I.O.F
Good to meet you.

Thank you for sharing your thoughts on the USDCAD.

If i may, please see the attached 4hr chart with some of my observations.

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad sard.PNG Size: 60 KB
Be careful what you think because your thoughts run your life..Solomon
  • #5,107
  • Nov 12, 2017 5:53am Nov 12, 2017 5:53am
Quoting Akt
Hello everyone The next chapter in the T.I.O.F series or articles TRADERS ARE MADE, NOT BORN I have often heard the idea being propagated, that real traders are born that way, that it is a gift that only a few have and “you either have it or you don’t”. Many people coming into the trading world, if they stay, will likely come up against this belief system, especially during losing periods of their career. Such thoughts as “maybe I am not cut out for this”, “maybe I should give up, it’s too hard”, “I have been doing this for so long but I still can’t...
I have actually been through this and have told myself the same words. “Maybe I am not cut out for this”, “maybe I should give up, it’s too hard”. But still here I am trading and continuing what I have started and still learning more including S&D trading. Thanks for sharing this. It's always a good thing to read something like this on FF. Sometimes you need a timeout looking at charts and read something encouraging like this one. It's been quite a long time since I last posted here and it was only one post asking a question. Because of commitments to other things I haven't had the time to study the posts here. I have a lot of catching up to do now that I have time to spend. The time off from studying posts on this thread has helped a little. I think I've figured the right question to ask.

I'll start off by asking this first. How do you exactly find, identify, determine S&D levels? How many candlesticks forms the level? 1, 2, 3 or 4 candlesticks? What are the types of candlesticks forms a level? Long wicks/short body? Or Short wicks/long body? How do you mark or where do you start to mark a level? From wick to wick or high to low? Wick and body only or from wick to the opening or closing price? Do we look for bearish/bullish candlestick? I'm still really confused as to how I will find a level. When I look at a chart I see S&D levels everywhere. Hope you don't mind me asking too many questions but asking is also part of learning aside from studying and practicing. Thanks in advance Akt.
Patience and Discipline, these are the Holy Grail.
  • #5,108
  • Nov 12, 2017 8:03am Nov 12, 2017 8:03am
Hello Akt and traders, hope you got a nice weekend.
I've got a quick question while I am seeing a chart.

In an uptrend, an ascending momentum line is considered broken only OHLC candle is formed under the momentum line. Right?
The question is, that OHLC candle HAS to be a bearish candle or it can be any kind like bullish, bearish or doji?

Thanks
  • #5,109
  • Nov 12, 2017 8:58am Nov 12, 2017 8:58am
Quoting thiha
Hello Akt and traders, hope you got a nice weekend. I've got a quick question while I am seeing a chart. In an uptrend, an ascending momentum line is considered broken only OHLC candle is formed under the momentum line. Right? The question is, that OHLC candle HAS to be a bearish candle or it can be any kind like bullish, bearish or doji? Thanks
The OHLC candle that break the momentum line can be any type of candle (bullish, bearish, doji etc...)
  • #5,110
  • Nov 12, 2017 9:04am Nov 12, 2017 9:04am
Quoting Merka
{quote} The OHLC candle that break the momentum line can be any type of candle (bullish, bearish, doji etc...)
Thank you Merka, for your reply. Appreciated it.
  • #5,111
  • Nov 13, 2017 12:29am Nov 13, 2017 12:29am
Quoting marcnathan88
{quote} I have actually been through this and have told myself the same words. “Maybe I am not cut out for this”, “maybe I should give up, it’s too hard”. But still here I am trading and continuing what I have started and still learning more including S&D trading. Thanks for sharing this. It's always a good thing to read something like this on FF. Sometimes you need a timeout looking at charts and read something encouraging like this one. It's been quite a long time since I last posted here and it was only one post asking a question. Because of...
Hello marcnathan88

Welcome to T.I.O.F
Good to meet you.

If i may suggest, going through the sister youtube videos may be of help to you because the answer to your questions are better seen than spoken about.
The last webinar also addresses some of your questions.
In addition, the posts by the traders here will be of great use to you in answering these questions
We will be discussing these topics again in future T.I.O.F meetings

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #5,112
  • Nov 13, 2017 10:13am Nov 13, 2017 10:13am
Hello AKT & Team

I just discovered about Supply & Demand ZONES. But I am a beginner myself.

Currently Focusing on EURJPY 4 HOURLY CHART only. I might need everyone help. I wil post my chart here for you to comment and for me to understand what i see from the chart.

Nice to know you guys.
  • #5,113
  • Nov 13, 2017 10:59am Nov 13, 2017 10:59am
Quoting Akt
{quote} Hello marcnathan88 Welcome to T.I.O.F Good to meet you. If i may suggest, going through the sister youtube videos may be of help to you because the answer to your questions are better seen than spoken about. The last webinar also addresses some of your questions. In addition, the posts by the traders here will be of great use to you in answering these questions We will be discussing these topics again in future T.I.O.F meetings best wishes
Thanks for reminding me Akt. I had forgotten about your videos. Apologies for that. I must go and study now. Read posts in the thread and watch your videos to learn S&D trading. Looking forward to posting charts and being able to ask if I'm doing right and most of all contribute to this thread.

Thanks as always Akt.
Patience and Discipline, these are the Holy Grail.
  • #5,114
  • Nov 13, 2017 11:32am Nov 13, 2017 11:32am
i have posted a pending gbpjpy sell setup from supply zone and possible target and demand zone. Please, comments are welcome. Thanks.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.Daily.png Size: 34 KB
  • #5,115
  • Nov 13, 2017 8:17pm Nov 13, 2017 8:17pm
Quoting havak
i have posted a pending gbpjpy sell setup from supply zone and possible target and demand zone. Please, comments are welcome. Thanks. {image}
Hello Havak

I assume you plan to use D1 as your entry TZ, from your setup image?
The momentum from the HTF (M1 & W1) is up.
You are close to the HTF SZ but not there yet. So LTFs may still have some scope to trade.

With momentum still up, I will observe and see if that changes before deciding to sell.

That was solely my viewpoint and you need not concur
Live life king size !
  • #5,116
  • Nov 14, 2017 4:54am Nov 14, 2017 4:54am
Quoting foxtrader16
{quote} Hello Havak I assume you plan to use D1 as your entry TZ, from your setup image? The momentum from the HTF (M1 & W1) is up. You are close to the HTF SZ but not there yet. So LTFs may still have some scope to trade. With momentum still up, I will observe and see if that changes before deciding to sell. That was solely my viewpoint and you need not concur
Hello foxtrader16

I concur.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #5,117
  • Nov 14, 2017 4:56am Nov 14, 2017 4:56am
Quoting havak
i have posted a pending gbpjpy sell setup from supply zone and possible target and demand zone. Please, comments are welcome. Thanks. {image}
Hello havak
Welcome to T.I.O.F
Good to meet you and thank you for sharing your thoughts on the GBP/JPY

If i may please, given you are considering an entry on the daily chart, it would be useful for the traders here to see your decision making thought process
from the other charts you have looked at for coming up with the trade idea you kindly shared. Just so that they can provide relevant feedback and comments like you asked for

Welcome again

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #5,118
  • Nov 14, 2017 4:58am Nov 14, 2017 4:58am
Hello everyone

Following on from foxtrader16's comments above, here are my thoughts on the GBPJPY

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy havak.PNG Size: 77 KB
Be careful what you think because your thoughts run your life..Solomon
  • #5,119
  • Nov 14, 2017 7:12am Nov 14, 2017 7:12am
Analysis on Forex pair AUD/NZD.
As much as i would love to put an order at my H4 supply zone (purple line) , i won't because

 

  1. Monthly is tested , bigger penetration is expected.
  2. Weekly Supply is higher up.
  3. Monthly & Weekly is is still Up trend.


I would love to put the trade because

 

  1. Price is in a monthly supply.
  2. Nice nested H4 within D1 zone.


Chart:

Attached Image (click to enlarge)
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The only person you are destined to become is the person you decide to be.
  • #5,120
  • Nov 14, 2017 9:52am Nov 14, 2017 9:52am
Thanks, AKT.

Update on one of my pics for this week on EURCAD.
Unfortunately I did not take this trade.
Attached Image (click to enlarge)
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