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Trading Institutional Order Flow

  • #5,881
  • Mar 7, 2018 11:27am Mar 7, 2018 11:27am
Quoting Akt
{quote} Hello Nightowl96 If i may, it seems a little bit unkind and disrespectful to the traders on T.I.O.F that your response to chyldom's inquiry on T.I.O.F is to direct him/her to other threads. I am sure this was not you intention to be disrespectful but just so the T.I.O.F subscribers don't see it as a slight, i thought i would point it out to you. best wishes

"I know there are few videos on youtube and for example you thread, but do you have anything else?"
I don't know and I don't judge, I gave the man a helping hand.
Peace.
LOVE
  • #5,882
  • Mar 8, 2018 1:27am Mar 8, 2018 1:27am
Hello everyone

Some thoughts on GBPJPY

best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #5,883
  • Mar 8, 2018 1:40am Mar 8, 2018 1:40am
Hello everyone

Some thoughts on the USDCAD, one that is on the radar.

Big picture views

best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #5,884
  • Mar 8, 2018 3:00am Mar 8, 2018 3:00am
Thank you very much Nightowl, Amnrsln and Michael.

I know I have problem with my mindest, I am impatient and greedy so I need to work on that.
  • #5,885
  • Mar 8, 2018 3:14am Mar 8, 2018 3:14am
Quoting chyldom
I know I have problem with my mindest, I am impatient and greedy so I need to work on that.
Believe me, with the right mindset you still won't be profitable without a good strategy. My mindset is perfectly fine, I'm not greedy, I have patience, I wait for the setups to happen, yet my win ration is only 30%, which forces me be very strict, nearly perfect with my money management. And this my friend is very consuming and very hard.
  • #5,886
  • Mar 8, 2018 3:49am Mar 8, 2018 3:49am
Quoting Akt
Hello everyone Some thoughts on GBPJPY best wishes{image}{image}{image}
Hey, Michael, thank you for posting.
It looks like AUDJPY has the same story.
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  • #5,887
  • Mar 8, 2018 7:03am Mar 8, 2018 7:03am
Quoting Blasterh22
{quote} Believe me, with the right mindset you still won't be profitable without a good strategy. My mindset is perfectly fine, I'm not greedy, I have patience, I wait for the setups to happen, yet my win ration is only 30%, which forces me be very strict, nearly perfect with my money management. And this my friend is very consuming and very hard.
Hello Blasterh22,
Thank you so much for bringing this to the discussion.

if i may chime some more thoughts on the matter please.

You see, whilst strategies will vary from trader to trader, the one thing that unites successful speculation is the mindset.
It is often difficult to define what a good strategy is because it differs from person to person. I know people who dislike and disdain supply and demand trading. I know others who swear by pivot trading and other still who wont even look at a trade without a Wyckoff analysis. There are so so many strategies.

Now, regardless of the strategy being used, the trader applying it still has to think and execute "a certain way".

I think it is a very common thing for traders, being human beings, to think that when trading mindsets are being discussed, that one is referring to greed, or impatience. Those are emotional states that are borne out of mindsets, not the mindsets themselves. They are the results rather than the cause.

If for example, there are 2 traders, both not greedy, both patient people who patiently wait for their set ups, but only to win 3 out of every 10 trades. One of those traders has a mental framework through which he views these losses as validation that he is useless, his methodology is useless and that this is further confirmation that he needs to change his methodology to a "better" one because he needs to win and be right at least more times than the roll of a dice. He thinks to himself, "its this methodology, it just doesn't work. I have taken 10 trades with it and lost on seven of them".

What do we think is about to happen next?


Now, consider the second trader who has the same stats, same methodology but a different mental framework through which he views his actions in the markets and more importantly, the results he is getting. He comes from the approach that every skill is learn-able and teachable. He understands he has many aspects to sepculating that he will need to work on and develop. He records his trades, logs and reviews them, gets feedback as to what works, what he sees when he looks at a chart. He believes his job is to be consistent in his process and execute them to the best of his abilities, knowing that he may and will still be wrong. He accepts the challenge as a learning process. One that he will never see end because he must always continue to develop his skills, just like a world class pianist continues to practice after winning oscar after oscar, or a basketball player continues to shoot hoops despite winning several NBA titles.

What do we think is about to happen next?

Which of the two traders would we all rather be?

The 3 aspects to speculation will always remain strategy, money management and mindset. Just like fingers though, whilst they are all important, they are not all of equal importance.

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #5,888
  • Mar 8, 2018 12:34pm Mar 8, 2018 12:34pm
Quoting Blasterh22
Hello friends. AUDUSD Price at daily supply, momentum down. There a couple of h4 and h1 zones nested in daily supply. I'm thinking of placing a limit order around 0.7850 to make sure that my limit will be activated, stop loss above daily supply. What do you think about this setup? Below you can see my long counter trend setup that I took before this. It worked out better then I expected. Your criticism is highly appreciated, thank you. {image} {image}
HI BLASTERH 22,
this is my choise...
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  • #5,889
  • Mar 8, 2018 1:15pm Mar 8, 2018 1:15pm
Quoting Autokon
{quote} HI BLASTERH 22, this is my choise... {image} {image}
This is something new for me, no upward momentum break, no demand taken out, yet you consider it to be a h4 supply zone. I don't understand this trade.
  • #5,890
  • Mar 8, 2018 11:29pm Mar 8, 2018 11:29pm
Quoting Blasterh22
{quote} Believe me, with the right mindset you still won't be profitable without a good strategy. My mindset is perfectly fine, I'm not greedy, I have patience, I wait for the setups to happen, yet my win ration is only 30%, which forces me be very strict, nearly perfect with my money management. And this my friend is very consuming and very hard.
Hello Blasterh22,

I think many traders will hate me for this, but maybe you need to loosen up your rules a little. Sometimes when we view the market strictly based on the framework we craft with our rules, we may miss obvious signals of what the market is telling us. I used to be a strictly mechanical trader, my hit rate was low and i wasn't doing too well. Now i trade based on a more flexible set of rules which allow me to use discretion to a small extent. I think this greatly improved my hit rate.

Edit: I use S&D simply as a method of reading the market, the interpretation of the context is entirely up to you.


Best,

B
  • #5,891
  • Mar 9, 2018 4:09am Mar 9, 2018 4:09am
Quoting bhopris0
{quote} Hello Blasterh22, I think many traders will hate me for this, but maybe you need to loosen up your rules a little. Sometimes when we view the market strictly based on the framework we craft with our rules, we may miss obvious signals of what the market is telling us. I used to be a strictly mechanical trader, my hit rate was low and i wasn't doing too well. Now i trade based on a more flexible set of rules which allow me to use discretion to a small extent. I think this greatly improved my hit rate. Edit: I use S&D simply as a method of...
You might be right because I checked the statement for my last 2 months (this is the time when a tighten my rules) and I can see that my win ratio dropped bellow 30%.
  • #5,892
  • Mar 9, 2018 6:12am Mar 9, 2018 6:12am
UDSJPY
weekly momentum down
daily momentum down
h4 supply nested in daily
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  • #5,893
  • Mar 9, 2018 9:50am Mar 9, 2018 9:50am
Triggered on AUD/JPY. Hopefully this one plays out.

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The only person you are destined to become is the person you decide to be.
  • #5,894
  • Mar 9, 2018 11:03am Mar 9, 2018 11:03am
Quoting Blasterh22
UDSJPY weekly momentum down daily momentum down h4 supply nested in daily {image}
I'm also in this trade
  • #5,895
  • Mar 9, 2018 1:42pm Mar 9, 2018 1:42pm
Quoting isaacpeh
Triggered on AUD/JPY. Hopefully this one plays out. {image}
Hello , thank you for sharing your chart. I think that WK chart is wrong. 1st TL is not correct because it doesnt connect last 2 highs - price made a lower low and TL can be adjusted. 2nd WK sz tha you marked in my opinion is not a sz because it did not consolidate away...in order to validate a zone you need at least 1 candle away from the zone . WK SZ that you draw did not consolidate away=no imbalance=no zone .
You attract what you think in any area of life, relationships and trading!
  • #5,896
  • Mar 9, 2018 3:21pm Mar 9, 2018 3:21pm
Quoting Eushev24
{quote} Hello , thank you for sharing your chart. I think that WK chart is wrong. 1st TL is not correct because it doesnt connect last 2 highs - price made a lower low and TL can be adjusted. 2nd WK sz tha you marked in my opinion is not a sz because it did not consolidate away...in order to validate a zone you need at least 1 candle away from the zone . WK SZ that you draw did not consolidate away=no imbalance=no zone .
in my opinion, having the rule of "1 candle away from zone" vary from individual's trading plan to another. for instance, in my chart, though i see it didn't consolidate away, but 2nd confluence which is the 20ema shows that price is still respecting the weekly 20ema, so in my rules this states that the supply level is still valid as it took out opposing demand zone and respecting every supply zones by far. some people still get confused with trends and momentums. hope this clears you.
i just want to make 10% gain a month.
  • #5,897
  • Mar 10, 2018 3:16pm Mar 10, 2018 3:16pm
Quoting Akt
Hello everyone Some thoughts on the USDCAD, one that is on the radar. Big picture views best wishes{image}{image}
My Views on CAD
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Price is King
  • #5,898
  • Mar 10, 2018 4:53pm Mar 10, 2018 4:53pm
Quoting Eushev24
{quote} Hello , thank you for sharing your chart. I think that WK chart is wrong. 1st TL is not correct because it doesnt connect last 2 highs - price made a lower low and TL can be adjusted. 2nd WK sz tha you marked in my opinion is not a sz because it did not consolidate away...in order to validate a zone you need at least 1 candle away from the zone . WK SZ that you draw did not consolidate away=no imbalance=no zone .
Thank you for your opinion! Sorry about the invalid trendlines. I guess I forgot to update it before posting the chart here. And also you're right about the consolidation. I took that into consideration but again, it did take out a demand level. Therefore I'm willing to take the risk on this trade
The only person you are destined to become is the person you decide to be.
  • #5,899
  • Mar 10, 2018 6:43pm Mar 10, 2018 6:43pm
Quoting Blasterh22
UDSJPY weekly momentum down daily momentum down h4 supply nested in daily {image}
Currently on the chart your daily momentum is still down. But if a full candle forms outside the momentum trendline this monday i suggest you to manage your trade because price may travel higher into weekly supply.
i just want to make 10% gain a month.
  • #5,900
  • Mar 11, 2018 10:52am Mar 11, 2018 10:52am
Quoting isaacpeh
Triggered on AUD/JPY. Hopefully this one plays out. {image}
I am with you Isaac at those same levels.
cheers
Live life king size !
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