what do you guys Think about this pair?
is it a short Sell to the demand level and the long run as a Buy ?
let me know if im wrong
is it a short Sell to the demand level and the long run as a Buy ?
let me know if im wrong
Trading Institutional Order Flow
- #7,304
- Edited Apr 13, 2019 4:42am Apr 12, 2019 11:53am | Edited Apr 13, 2019 4:42am
Hi guys,
Haven't traded for a few weeks, been super busy around work so I haven't had time to look at the charts. Slowly got back into looking at the charts last week (only on the majors for now, slowly updating my charts and giving each one time to analysis and get into the swing of things). I had a silly loss last week as I was trying to see what I wanted to see (rushing back into things and being over eager to trade I suspect lol)
Just thought I would share my only trade for this week on EURUSD. I had some shorts set on USDJPY but took them off as price broke the rules for a trade, good job as it smashed though the zones I had trades set at.
He is my EURUSD Trade:
Price had reached non-fresh W1 and D1 zone, therefore I waited for a confirmation on the 4h (mom TL break and SZ removed). We got that and I set a trade at the lower DZ but price never returned and my entry wasn't hit. After the upper SZ was created I set a trade and that is where I was entered into the market, my TP was just before the D1 fresh SZ.
Any comments about my charts and trade are welcome......
Haven't traded for a few weeks, been super busy around work so I haven't had time to look at the charts. Slowly got back into looking at the charts last week (only on the majors for now, slowly updating my charts and giving each one time to analysis and get into the swing of things). I had a silly loss last week as I was trying to see what I wanted to see (rushing back into things and being over eager to trade I suspect lol)
Just thought I would share my only trade for this week on EURUSD. I had some shorts set on USDJPY but took them off as price broke the rules for a trade, good job as it smashed though the zones I had trades set at.
He is my EURUSD Trade:
Price had reached non-fresh W1 and D1 zone, therefore I waited for a confirmation on the 4h (mom TL break and SZ removed). We got that and I set a trade at the lower DZ but price never returned and my entry wasn't hit. After the upper SZ was created I set a trade and that is where I was entered into the market, my TP was just before the D1 fresh SZ.
Any comments about my charts and trade are welcome......
- #7,308
- Apr 13, 2019 4:57am Apr 13, 2019 4:57am
what do you guys Think about this pair? is it a short Sell to the demand level and the long run as a Buy ? let me know if im wrong
Your W1 DZ is not a zone anymore, see pic bellow
- #7,310
- Apr 13, 2019 8:34am Apr 13, 2019 8:34am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #7,311
- Apr 13, 2019 8:42am Apr 13, 2019 8:42am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} Hi Mr.PhiBo, Why did you take a S&F trade at that 4h DZ, it was not original/authentic. In order to trade counter trend on out entry TF we need the zone to either be original/authentic or we wait for confirmation..... The same question also goes to your AUDCAD trade as well. Thanks
If i may, regarding the trade on the EURUSD, the 4hr zone not shown in MrPhibo's chart is shown below, a fresh DBR, the origin of a strong move up.
I think Phibo just went ahead and bought the first retest.
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #7,312
- Apr 13, 2019 8:50am Apr 13, 2019 8:50am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #7,313
- Apr 13, 2019 9:31am Apr 13, 2019 9:31am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Thank you for your reply. I started read page one but it feels like i come in to the middle of something. It feels like am clueless
Also what can one expect, how well can i read the market and trade and how long will it usually take for a student ? What mounthly Roi can be expected on average for a student that have learned this after some time ?
Rhank You.
Best regards
Also what can one expect, how well can i read the market and trade and how long will it usually take for a student ? What mounthly Roi can be expected on average for a student that have learned this after some time ?
Rhank You.
Best regards
- #7,314
- Apr 13, 2019 9:41am Apr 13, 2019 9:41am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello Akt and all good peoples please allow me to share my view on cadjpy H4 H1 And M30 PLEASE SHARE YOUR VALUEABLE views {image} {image} {image}
Hello Sniper
Some thoughts on the CADJPY.
Best wishes
Be careful what you think because your thoughts run your life..Solomon
- #7,315
- Apr 13, 2019 9:58am Apr 13, 2019 9:58am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Thank you for your reply. I started read page one but it feels like i come in to the middle of something. It feels like am clueless
Hello jgadefelth
Take your time, the markets aren't going anywhere.
Speculation is a profession and will require time if you are going to learn to basically make money trading against other people, which is exactly what speculation is.
If i may, i don;t know how long you have been trading for and i do apologise if you already know all of what i am about to share with you.
Your comment on ROI caught my eye and my thoughts.
It is important you start with the appropriate mindset when speculating.
I forget who said this and i am sure i am not quoting accurately, "the way to make money in the markets is not to care".
Let's be clear, if you decide to take up trading, you have decided to take up an activity that will require you to acquire a particular set of thinking skills none of us ordinarily possess when we start out . We have to acquire this set of mind skills as part of our education.
For most of us, that mindset will only be acquired after many moons of trying, learning, trying, learning, trying again and learning again, hopefully with us getting it each time.
Unfortunately, speculation is not an activity one should come into thinking about return on equity or profit. It's fine to have goals for returns but focusing on them often leads us into trouble.
It is an activity to come into thinking about how much one can stand to lose each trade, each day, each week or each month. The rewards are a measure that are ultimately out of our hands once we enter a trade.
We prefer to focus on achieving a repeatable established process of thinking, analysis and execution
To control the aspects of speculation that are in our control such as our analysis, risk, position size and execution
The return the markets give us on our money is largely out of our control.
Larry Hite, the legendary trader made a statement i often quote and remind myself and trader friends on the Roundtable of,
"If you don't bet you can't win; if you lose all your chips, you can't bet"
So I urge you to take your time, learn.
It may take months before you feel comfortable to venture in after you have learnt. It will be time well spent
Be careful what you think because your thoughts run your life..Solomon
- #7,316
- Apr 13, 2019 10:14am Apr 13, 2019 10:14am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #7,317
- Apr 13, 2019 10:37am Apr 13, 2019 10:37am
{quote} Hello MiyagiFX If i may, regarding the trade on the EURUSD, the 4hr zone not shown in MrPhibo's chart is shown below, a fresh DBR, the origin of a strong move up. I think Phibo just went ahead and bought the first retest. best wishes{image}
yeah I didn't notice H4 zone visibility settings.
To break the rules you must first master them.
- #7,318
- Apr 13, 2019 10:59am Apr 13, 2019 10:59am
{quote} Hello Mr.PhiBo, questions to you: is this your top-down analysis? are you entering to the trade only using these two timeframes?
Nope, ofc I check weekly time frame as well, but I remember most of the weekly trends so I don't need to see chart every time I'm planing my trades.
AUDCAD explanation:
- The weekly demand in control,
- The daily zone wasn't clean fresh, but thanks to retest there were two fresh H4 demands,
- I want to trade a strong trend so the only case for me was the first demand
To break the rules you must first master them.
{quote} Hi, Nope, ofc I check weekly time frame as well, but I remember most of the weekly trends so I don't need to see chart every time I'm planing my trades. AUDCAD explanation: - The weekly demand in control, - The daily zone wasn't clean fresh, but thanks to retest there were two fresh H4 demands, - I want to trade a strong trend so the only case for me was the first demand {image}{image}
- #7,320
- Apr 13, 2019 3:28pm Apr 13, 2019 3:28pm
{quote} Hello jgadefelth Take your time, the markets aren't going anywhere. Speculation is a profession and will require time if you are going to learn to basically make money trading against other people, which is exactly what speculation is. If i may, i don;t know how long you have been trading for and i do apologise if you already know all of what i am about to share with you. Your comment on ROI caught my eye and my thoughts. It is important you start with the appropriate mindset when speculating. I forget who said this and i am sure i am not...
Your comments always leave me speechless and smiling. I am definitely going to join your roundtable in the future. I definitely admire you
