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My Line in the Sand

  • #621
  • Nov 13, 2017 10:45am Nov 13, 2017 10:45am
EUR/CAD W1/D1 Pending Limit Sell

This Trade has just Triggered

EDIT Placed another Pending Limit Sell at 1.49000
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Nov 17 EUR:CAD W1 Pending Limit Sell.png Size: 108 KB
Click to Enlarge Name: 13th Nov 17 EUR:CAD D1 Pending Limit Sell.png Size: 127 KB
  • #622
  • Nov 13, 2017 11:23pm Nov 13, 2017 11:23pm
Looks like the weekly is a bit ranging, but I understand your trade idea. Trading of the top (with the weekly rejection) of the range, to the bottom.

Normally I do not look at the news, but the high impact news for today made me close all of my trades.

Good luck with this setup Steve.

- Menko
  • #623
  • Nov 14, 2017 1:35am Nov 14, 2017 1:35am
Quoting mkb1272
Looks like the weekly is a bit ranging, but I understand your trade idea. Trading of the top (with the weekly rejection) of the range, to the bottom. Normally I do not look at the news, but the high impact news for today made me close all of my trades. Good luck with this setup Steve. - Menko
Hi Mkb,

Thank you, we will see how it plays out.

I must admit, when I Trade the Higher TFs, I don't tend to look at the news.

Reaction to Red News, positive and negative, usually evens it self out over time.
  • #624
  • Nov 14, 2017 1:15pm Nov 14, 2017 1:15pm
Quoting stevepatt
{quote} Hi Mkb, Thank you, we will see how it plays out. I must admit, when I Trade the Higher TFs, I don't tend to look at the news. Reaction to Red News, positive and negative, usually evens it self out over time.
Hi Steve, enjoying this thread and your progression to pure price action. I think on that e/c trade the monthly is looking pretty bullish?

I like you you take on price action and orders overcoming the other side. Good on you for enjoying your other work and making trading work for you. I’m also a builder a love it. However I also love the mental aspect of trading and believe the two complement each other. Looking forward to more updates. Cheers
  • #625
  • Nov 18, 2017 7:13am Nov 18, 2017 7:13am
GBP/CAD and EUR/CAD Sell Trades both lost for (-4%) of my account.

I really need to take time away from posting and concentrate on improving my Trading.

Why anyone is following my posts is a mystery to me.

Just take a look at my recent post history and you will see no clear direction.

I need to take time away from FF to regain my focus and see where I am, but more importantly where I am going.
  • #626
  • Nov 18, 2017 7:24am Nov 18, 2017 7:24am
steve email.me.

seriously...i have a method that i think.would help you and you could help.me.to.

[email protected]
  • #627
  • Nov 19, 2017 4:29am Nov 19, 2017 4:29am
Quoting stevepatt
GBP/CAD and EUR/CAD Sell Trades both lost for (-4%) of my account. I really need to take time away from posting and concentrate on improving my Trading. Why anyone is following my posts is a mystery to me. Just take a look at my recent post history and you will see no clear direction. I need to take time away from FF to regain my focus and see where I am, but more importantly where I am going.
I understand how you feel, and taking time out from FF to re-evaluate your own thinking is a good idea.

As you already know, other people are actually the most likely reason for you losing focus and direction, and that in itself is a big lesson to learn.

Regarding your trading approach, I suspect you will be making some changes, but imo, I think you are not that far adrift from a reasonable technique already from what I've seen. I think you know what is important in general, and I would say the only element missing is perhaps the most important...the timing. It's no coincidence or secret of course that tap figures in any method I personally apply, and I'd suggest, looking at some of your trades, that time is the main element that you have not taken into account fully.

I appreciate this may add even more confusion to your thinking, but it is meant to be constructive and to act as a tip more than anything else. Disregard if it is of no help to you, or check out some of my posts and live trades taken which covers a fair bit on various topics in not so many pages, most of which seems to bypass most people on FF, and yet there are some critical nuggets hidden within most of my posts, which covers a lot of things overlooked by most traders.

Good luck though whichever direction you move in.
  • #628
  • Nov 19, 2017 7:57am Nov 19, 2017 7:57am
Quoting Landline
{quote} I understand how you feel, and taking time out from FF to re-evaluate your own thinking is a good idea. As you already know, other people are actually the most likely reason for you losing focus and direction, and that in itself is a big lesson to learn. Regarding your trading approach, I suspect you will be making some changes, but imo, I think you are not that far adrift from a reasonable technique already from what I've seen. I think you know what is important in general, and I would say the only element missing is perhaps the most important...the...

Hi Landline,

Thank you, for the constructive advice.
  • #629
  • Nov 19, 2017 8:06am Nov 19, 2017 8:06am
steve

you are good at the charts and you have been bouncing around different threads and have gained different methods that you have lost track of your own successful way.
you should just concentrate on your own way and not worry about others threads.

believe in your self

dam i can see hiw good you are and have been wanting to hook up with you for ages as we dont live that far apart.
  • #630
  • Nov 19, 2017 8:06am Nov 19, 2017 8:06am
Quoting stevepatt
GBP/CAD and EUR/CAD Sell Trades both lost for (-4%) of my account. I really need to take time away from posting and concentrate on improving my Trading. Why anyone is following my posts is a mystery to me. Just take a look at my recent post history and you will see no clear direction. I need to take time away from FF to regain my focus and see where I am, but more importantly where I am going.
We follow because no matter where we are in our trading lives, things can be learned. If you are a price action trader, how did you get lost? When you find out, let the community know so others will not make the same steps. A 4% loss on two trades suggests to me a leverage adjustment. But I am dreadfully conservative, I measure my P/L yoy.
If you are good at something, never do it for free--Joker
  • #631
  • Nov 20, 2017 1:26am Nov 20, 2017 1:26am
Quoting devontrader
steve you are good at the charts and you have been bouncing around different threads and have gained different methods that you have lost track of your own successful way. you should just concentrate on your own way and not worry about others threads. believe in your self dam i can see hiw good you are and have been wanting to hook up with you for ages as we dont live that far apart.

Hi Jason, Jmn,

Thank you for your posts.

I am making the Transition from Trading H1/M5 to Trading MN/W1/D1 and I need to take the time to get my head around it without any distractions.

I am studying Strat's method of Trading these higher TFs when I feel I am getting somewhere, with this, I will start to post my Trades again.

My reasoning for moving to the higher TFs is because of time restrictions.

I need to remain focused until I have a greater awareness of Trading the higher TFs.
  • #632
  • Nov 20, 2017 2:08am Nov 20, 2017 2:08am
Quoting stevepatt
{quote} Hi Jason, Jmn, Thank you for your posts. I am making the Transition from Trading H1/M5 to Trading MN/W1/D1 and I need to take the time to get my head around it without any distractions. I am studying Strat's method of Trading these higher TFs when I feel I am getting somewhere, with this, I will start to post my Trades again. My reasoning for moving to the higher TFs is because of time restrictions. I need to remain focused until I have a greater awareness of Trading the higher TFs.
steve

no matter what tf you use its still time and price.

i have the answers ur looking for

email me
  • #633
  • Dec 25, 2017 12:43am Dec 25, 2017 12:43am
This is an example of what I was speaking of in Davit's thread. Pivots with whole and half numbers.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 78 KB
If you are good at something, never do it for free--Joker
  • #634
  • Dec 25, 2017 3:26pm Dec 25, 2017 3:26pm
Quoting jmn5611
This is an example of what I was speaking of in Davit's thread. Pivots with whole and half numbers. {image}

Hi Jmn,

Pivots form as a consequence of Price not the other way around.

We can normally identify Levels where we can expect Price to return.

The faster Price Returns to these Levels of Interest the better, this usually indicates Exhaustion.

Red News, when Trading Volumes are low, are often used to push Price fast into levels of Interest.

Pivots aren't really needed to see this...



Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25th Dec 17 AUD:CAD D1 Observations.png Size: 119 KB
Click to Enlarge Name: 25th dec 17 AUD:CAD h1 Observations.png Size: 104 KB
Click to Enlarge Name: 25th Dec 17 AUD:CAD M5 Observations.png Size: 101 KB
  • #635
  • Dec 25, 2017 5:38pm Dec 25, 2017 5:38pm
Quoting stevepatt
{quote} Hi Jmn, Pivots form as a consequence of Price not the other way around. We can normally identify Levels where we can expect Price to return. The faster Price Returns to these Levels of Interest the better, this usually indicates Exhaustion. Red News, when Trading Volumes are low, are often used to push Price fast into levels of Interest. Pivots aren't really needed to see this... {image} {image} {image}
break the high of daily on 7th nov then we have a structure shift and looking for a 62 to 79 % retrace for bullish price action.

ict baby
  • #636
  • Dec 25, 2017 8:39pm Dec 25, 2017 8:39pm
Quoting stevepatt
{quote} Hi Jmn, Pivots form as a consequence of Price not the other way around. We can normally identify Levels where we can expect Price to return. The faster Price Returns to these Levels of Interest the better, this usually indicates Exhaustion. Red News, when Trading Volumes are low, are often used to push Price fast into levels of Interest. Pivots aren't really needed to see this... {image} {image} {image}
I agree, but pivots make it easier to me anyways precisely because they are a price structure, within that structure lay psy levels. Both methods are good when mastered.
If you are good at something, never do it for free--Joker
  • #637
  • Dec 26, 2017 5:00am Dec 26, 2017 5:00am
Quoting jmn5611
{quote} I agree, but pivots make it easier to me anyways precisely because they are a price structure, within that structure lay psy levels. Both methods are good when mastered.
Hi Jmn,

It just comes down to personal choice and what we get comfortable with.
  • #638
  • Dec 26, 2017 5:02am Dec 26, 2017 5:02am
Quoting devontrader
{quote} break the high of daily on 7th nov then we have a structure shift and looking for a 62 to 79 % retrace for bullish price action. ict baby

Hi Jason,

Can you show on a chart how you see it developing?
  • #639
  • Dec 26, 2017 8:46am Dec 26, 2017 8:46am
GBP/NZD H1/M5 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Dec 17 GBP:NZD H1 Short Trade.png Size: 138 KB
Click to Enlarge Name: 26th dec 17 GBP:NZD M5 Short Trade.png Size: 146 KB
  • #640
  • Dec 27, 2017 2:20am Dec 27, 2017 2:20am
GBP/CAD H1/M5 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Dec 17 GBP:CAD H1 Short Trade.png Size: 117 KB
Click to Enlarge Name: 27th Dec 17 GBP:CAD M5 Short Trade.png Size: 132 KB
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