Dbrown101's Training Wheels | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Training: What to Look for in a Forex Training Program 1 reply

Price action with training wheels: Three Strikes Method 45 replies

good training for nerves and patience... 3 replies

Just need a Direction for Training 51 replies

Basic Training (Boot Camp) 1 reply

Attachments: Dbrown101's Training Wheels
Exit Attachments

Dbrown101's Training Wheels

  • #221
  • Apr 29, 2019 11:38am Apr 29, 2019 11:38am
Quoting dbrown101
looks like possible topping on m1...just noting my dance steps {image}


....eurusd today was about bringing in bears prior to news and killing bulls to frighten them out.... just my thoughts. H1 showed the legless dance bull momentum

Alex
check out the terrain - follow never lead
  • #222
  • Apr 29, 2019 11:39am Apr 29, 2019 11:39am
cut loss at 81
  • #223
  • Apr 29, 2019 11:45am Apr 29, 2019 11:45am
Quoting alexandria
{quote} ....eurusd today was about bringing in bears prior to news and killing bulls to frighten them out.... just my thoughts. H1 showed the legless dance bull momentum Alex
i felt i was wrong direction a few posts ago. sometimes I have trouble listening to my gut feel. even though its usually right.
  • #224
  • Apr 30, 2019 1:11am Apr 30, 2019 1:11am
Quoting dbrown101
{quote} i felt i was wrong direction a few posts ago. sometimes I have trouble listening to my gut feel. even though its usually right.
Hello Dbrown,

Thank you for your honest sharing.

If I may, on cutting losses...
If you do all the demonstration on demo account, then it's just a simulation. If you do it live and with sizes exceeding a scout (caught in an attack mode), then one should see what is your consistency.
My point is that frequent cutting losses would lead to never-consistently- green but the opposite color. IMHO, so called re-entering makes sense if you catch indeed well running legs after the re-entering (after one or several cut-losses) and that would be fine with instruments having such potential on daily basis but rather not with dormant pairs.
Fti: "Remember that every loss you swallow, based on WW tables, will put you off geometrically. So to a trader a 10 cts profit is a 10 cts profit whereas a 10 cts loss is not exactly that, it's more. To keep books healthy, loss taking is a very detrimental exercise. Try to be profitable, a small profit is better than a very small loss, by leaps".
"Some even goes and claim that they can be stopped out 10:1 ratio and still be profitable..."
"...it is impossible to predict the outcome of any position. Best we can do is to manage it.
Your position must not give you confidence when right, nor despair when wrong, you have to manage it... now, and your strategies have to be adjusted to the changing market, only mindset holds firm.
Probabilities won't make you money, only tell you odds. It's your strategic reaction to market conditions that can make you money and your ability to keep in rhythm."
And please guess, the above indicated is a reminder to myself. As soon as I stop learning, I will fail...

Best regards,
Exnav
Not to Advance is to Fall Back
  • #225
  • May 22, 2019 11:59am May 22, 2019 11:59am
Is this mindset correct?

h1 trend is down...looking like possible reversal of trend to up

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (311).png Size: 35 KB


is it ok to trade both sides since h1 showing possible reversal (higher lows on 5m)? also, the question of which trend to trade? intermediate trends marked in green. Is the MO to trade (scale in) on the minor reactions marked in red. Or is this being a pig? when is it ok to trade both ways? would it have been ok to trade the first intermediate trend up? even though all previous intermediate trends where lower high lower low until the higher low on the right of this 5m chart? Should we always be trading in H1 trend direction? or every intermediate movement back and forth?....still things I need to find the answer to.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (312).png Size: 73 KB
  • #226
  • May 22, 2019 9:28pm May 22, 2019 9:28pm
Quoting dbrown101
at least maybe you are getting through to a few people.
Nice post.
Now you are flying high, here.
That is the main point in all my reasoning.
Mama talks: Price is King.
There is only one side of the Market: The Right Side.

To me this is the correct perspective. The "Classic" one.
From W.D. Gann to Edwards&Magee and Kirkpatrick&Dalhquist.

But who am I? No one... just Mr No One. But with some, good, strong convictions.
  • #227
  • May 22, 2019 9:37pm May 22, 2019 9:37pm
Quoting Jupiter
{quote} Nice post. Now you are flying high, here. That is the main point in all my reasoning. Mama talks: Price is King. There is only one side of the Market: The Right Side. To me this is the correct perspective. The "Classic" one. From W.D. Gann to Edwards&Magee and Kirkpatrick&Dalhquist. But who am I? No one... just Mr No One. But with some, good, strong convictions.

Finally starting to see. I get your point of bull and bear campaign( I think). When to test for upside/ downside. Bull and bear reactions. Now to actually learn to trade them real time will be a different story
now I must figure out the skewing.
  • #228
  • Edited 10:17pm May 22, 2019 9:50pm | Edited 10:17pm
Quoting dbrown101
Now to actually learn to trade them real time will be a different story.
As I always said, to me is correct: one thing is "the comprehension of the dynamics" and another "how to trade those movements".

Each new level of "Knowledge" and "Learning" leads to new levels of possibilities and new horizons.
Not so different from when you study music and a particular instrument... and I know that you know what I mean.
But it is the same when one tries to learn a Foreign Language: each day new possibilities to express yourself in a better way.
  • #229
  • Edited 9:37pm Sep 3, 2019 8:08pm | Edited 9:37pm
Pannet1,

Again, my appologies if I am interrupting your thread...

Quoting phil13
Hi dbrown101 How are you my friend, hope you are doing well. Short answer …yes. All currencies go through the market wheel to become the cross, I have found it to be a good lead to some moves (not all, nothing is the grail), when trading the USD pairs they often move after, there are also ???X’s for other majors but finding a good reliable source has been an issue for me, I find one that works for a while then they seem to have problems, most are not taken centralised unlike the USDX for most, the ones I found so far do not seem to last long, do...


Phil,

I am doing good. Thank you ! How are things on your end? Im still trying to make this trading thing a reality. been studying a bunch while watching the market. Still trying to get my edge in the markets. USDX has been in an up trend on the daily although it seems to be slowing down. H1 is up but a pretty swift correction happened today. I got caught up in that when trading long the eur/usd today. Still waiting for rescue to come good. otherewise I may cut loss (thus my reason for asking this question =)). Markets look like they want to turn for a bullish USD run on 7k's and USDX. So we will see. Something tells me I shouldve just flipped long @ 1.0950 at the last hip on my charts since Im trying to keep my tenure short by trading now trend only(plus 7ks at the time turned bearish USD). The h1 and and d1 trend still down so thats why I stayed and attempted rescue. (funny though i was expecting the market to correct after selling off last weeks D1 trend run)

https://www.forexfactory.com/showthr...1#post12481571
Shouldve flipped around the green box. I realize i was holding during news release. I scaled down before but in hindsight I shouldve been out. My sizes are small so I kept some troops in. probably wont do that again


also ,
what is top-loading? I saw you mention it on pannet1's journal
Attached Image (click to enlarge)
Click to Enlarge Name: Flip.png Size: 40 KB
  • #230
  • Sep 4, 2019 2:16am Sep 4, 2019 2:16am
Hi Dustin

Good to hear you are doing well my friend, we never know when or where the market will turn and sometimes we (all) get caught selling bottoms and buying tops, this can not be helped it is just part of what we do as the now price action constantly unfolds and changes, it is however how you deal with these things that catch us out that makes the difference when trading I have found.

Keeping a very close eye on the market wheel today to see if this is a change or not?

If you are trading in short terms then your concern with regard to the daily should not be its actual trend but where we are in the current move, personally I read the daily on a bar by bar basis to assess this, that is why my daily chart is quite ‘expanded’ to see the bar in the current move mainly, H1 is where I look what the trend is doing, this is far more relevant to the now shorter term trends I find, then M15 gives me some idea what state the H1 current move may be in, I use M15 and M1 to find my entries, these charts are kept clean for that purpose, so D1 and H1 is used for my general analysis of the slightly longer term outlook.

If it is any consolation I also sold into the bottom of E/U not long before it decided to show some evidence of a possible turn, managed to get the bigger order out as I saw the possible danger of a turn in M15 so immediately protected the bigger higher trade, you will see this when post my next trade on my journal from that account I am using for it.

Top loading, did not know what else to call it, we seen fti do entries with one or two scouts then add of the full twenty but in live trading I believe he also skewed in as well as out sometimes, if you look at my charts you will see when I start my entries I put the highest number in first, be it 0.05, 0.08 or 0.13 then I add the lower numbers/skews as the move pulls away, if fit goes against me I continue the higher skews or regroup the money management and use a new base from what is left in the market pair, so I always try to have the bigger entries nearer the now price if the market turns against me or if it pulls off in my favour the lower skews are added, this keeps my average price higher and away from the now price which allows for more movement in the price to ride the move.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #231
  • Sep 4, 2019 7:52am Sep 4, 2019 7:52am
Phil,

I ended up cutting loss as I didnt want to hold positions overnight while I was sleeping. It looked like it was going to top out and go in my favor but around mid-late asian session was forming an ascending triangle and was testing the tops often. I deemed it as bullish and bit the bullet. I managed that position the best I could but as you say, its all apart of this game. Good thing I cut because I ended up being right as the market ran through those levels and is still bearish dollar.

As for the Daily charts I typically only look at the past few days bars and the zones for turning points. I do look at the daily's major trend just to see the cycle(what part of the major trend, which intermediate trend-primary or intermediate. if the minor movements are making hh hl or lh ll) we are in and the movements that may follow, but that usually is one glance and takes a while to change so its easy to keep in mind. Most of my focus is on H1 and 5 min but the day bars tend to give clues for possibilites. Example:
Yesterday after I was caught against the move and I put in rescue and I was waiting for that rescue to come good I noticed that on Eur/usd daily a hammer formed for the day. Since it came after that run down it showed me market overall was losing momentum to the downside. Further more GBP/USD showed a hammer as a double bottom and USD/JPY was at resistance. So my undertone was that the market was going to try to retrace its previous movements today. It's just an added tool along with my H1 and 5m read.

The top-loading thing is what i pretty much do as my MO. I didnt know thats what it was called. I havent experimented much else with other types of skews as top loading seemed more natural and logical for me. I probably should experiment with other skews. Just after reading taf it seemed that was the general concept. thank you for explaining.

I look forward to you posting your trade. Although I feel I am developing my own view of the market i feel the last few trades you have posted has really helped me pull some important concepts together.

thanks again,
Dustin
  • #232
  • Sep 4, 2019 8:13am Sep 4, 2019 8:13am
Hi Dustin

sounds like you are basically on the right path, you just need the actual practice to hone your own skill set my friend.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #233
  • Edited 8:30am Oct 22, 2019 8:14am | Edited 8:30am
Haven't posted here in a while...

feeling the Eur/usd on 15 min, 5 min, 1 min.
2 scouts that are a little late to the party as this last leg has extended to support already. seems market is tilted bullish usd so I will probe to find out.
Must be careful as big brexit news is coming out later so I dont want a protracted battle.
not the best spot to deploy scouts but Im in demo. practicing refining my skills.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (36).png Size: 146 KB


Also, looking to purchase some NZD short term as it is near daily sellers area but im not seeing much downward pressure so I may test the trends upside cautiously.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (37).png Size: 132 KB
  • #234
  • Edited 10:03am Oct 22, 2019 8:59am | Edited 10:03am
eur rescue

sell 2 X 1.1134


edit:

closed all @1.1129 with a +4 pips

nothing exciting. but profits are better than losses.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (39).png Size: 40 KB
  • #235
  • Oct 22, 2019 10:21am Oct 22, 2019 10:21am
bot nzdusd @ .6412

double bottom on short charts. lets see if it will resume larger trend. must be cautious. if bull leg falls short i'll bail out.
  • #236
  • Edited 5:57pm Oct 22, 2019 2:28pm | Edited 5:57pm
looking to attack if price breaks and retests those tops on 5 min.
might take some profit from one of my scouts if the test of those levels is not successful.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (40).png Size: 40 KB


edit: closed bottom scout for +5 pips..shes testing tops now


Update:
I entered a couple more scouts but didnt realize that the spread was 6 pips! ouch... need to check these things before I trade. especially during twinlight.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (41).png Size: 51 KB


update:

Im obviously against the 5 min trend but still with the 15m/ hourly. I wanted to lighten my load here to preserve capitalization and wait for 5 min to trend up. If she drags my scout to deep I will kill it. going to have to see what she does during tokyo and possibly into london.
closed scout +1
closed scout -1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (43).png Size: 75 KB


update:
closed last scout -4

waiting for clearer signs of buyers. now squared
  • #237
  • Oct 23, 2019 2:06am Oct 23, 2019 2:06am
Hi dbrown1

maybe this will help you understand the MM's tactics that they sometimes use against us because of the way we trade. they use their own AOW strategy to get us.

hope you do not mind me altering your chart like this.

Attached Image (click to enlarge)
Click to Enlarge Name: dustin.png Size: 107 KB


regards

Phil.
-be careful about what you allow to be put in your mind-
  • #238
  • Edited 11:02am Oct 23, 2019 9:08am | Edited 11:02am
Quoting phil13
Hi dbrown1 maybe this will help you understand the MM's tactics that they sometimes use against us because of the way we trade. they use their own AOW strategy to get us. hope you do not mind me altering your chart like this. {image} regards Phil.
Phil,

You are welcome here anytime. anyway you want to help, be it altering my charts or posting here, you are more than welcome to.
I see how that price action can cause people to tighten their stops. I noticed that the pattern was broadening (assassin) and I was against current flow which is more down. I recently re-read a post in TAF where fti was telling someone that its good to know when you are not mistimed but on wrong trend, and the maxim is to take the punches first till the longer term trend kicks in then use muscle to recover (note the 30 pip leg up from the support on nzd now). I think this is one of those cases I couldve done that. but would've been a waiting game. it's hard for me to do that as london open is at midnight for me.

That stop was set as a disaster stop when I had to walk away from my computer for a little. I had no intention of letting price stop me out as i was managing it.

Thank you

Edit:

This trade also solidified what FTI and I were talking about last on TAF. That trades are always marked to NOW. Technically, there is no "bigger picture". it's always NOW. and the bigger picture is made up of the smaller pictures. the bigger picture however can clue us in to possibilities. I was trying to trade up when she was trading down due to my bigger picture bias but she was most likely bound to turn in direction of the "bigger picture" at some point. Just a side note for myself....
  • #239
  • Oct 23, 2019 3:50pm Oct 23, 2019 3:50pm
Hi dbrown101

Thank you my friend for the very kind welcome here.

My friend, what I have tried to show you is a small piece of the market structure, you are starting to get the terminology correct but do you understand it?, you as a trader have one mission (AOW) to make a profit for the state, if you can not manage that then first try to protect the ‘state’, there is only one time frame and that is now, t/a, p/a, or whatever is only as good as it lasts for now (where we are in the current move), news nowadays comes out of the blue (twitter), as a trader we have many options (not long sword for retail) at our disposal, we cage ourselves in the parameters of others teachings along the way through schooling and being told ‘how to behave’, this bleeds into everything we do from our own past experiences which in turn shapes our perception of the way we think the world should work, over and over again our friend fti tries tell us to find a way to be ‘free’ from these chains, it is far from easy to do this, I personally have found that you must change ‘fear’ into ‘respect’, most are out to get what they can from you, if you get to 50 and can count on one full hand how many ‘real true good friends’ you have you are a very lucky person (I have 3), life is full of deception and the way of most business is done is more even complete and utter deception. For you to gain someone has too lose (something.. be it money or whatever), the people you are up against are the smartest dealers in deception in the world. Now there is little liquidity/volatility it is even harder, MM’s like the slowly integrated AI we are being forced to accept are seeking to control what the majority of traders do, fti posted about this a while ago, if you can see it then you can work out strategies and tactics to help beat it, fti posts a lot about rhythm and waves, this appears to be one thing they leave as a foot print (to me anyway).

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #240
  • Edited 9:27pm Oct 23, 2019 7:50pm | Edited 9:27pm
Quoting phil13
Hi dbrown101 Thank you my friend for the very kind welcome here. My friend, what I have tried to show you is a small piece of the market structure, you are starting to get the terminology correct but do you understand it?,
I think I understand it but maybe Im missing something? when I took the trade I was just looking at the pattern and not really the reasoning behind it.
then it developed in to assassin pattern. What I probably shouldve been figuring out was the intent. My guess is price impulsed up on that last 15 min leg up, people take profit/ market runs out of buyers so price begins to drop . Then price stalls as liquidity fades. no real buyers or sellers around so market makers have to entice people to trade or as you pointed out - move stops closer. Also my guess is that creating assassin patterns entices breakout traders to take position as well. they're job is to create business. Is this what you mean by understanding?

Quote
we cage ourselves in the parameters of others teachings along the way through schooling and being told ‘how to behave’, this bleeds into everything we do from our own past experiences which in turn shapes our perception of the way we think the world should work

am I doing this by relying on TA so much? the truth is I've spent a good amount reading and learning about TA and watching the charts , but I honestly dont dig too deep into what might be causing the move(as far as MMaker tactics)....because I dont really know if what Im reading is what is actually happening behind the screen if you catch my drift. I thought a lot about it when I was following eddy's 2nd thread because it seemed thats how he was picking his trades but then I got on this classic TA train and went off to study that. I need to think more about the causes of the moves.

Quote
I personally have found that you must change ‘fear’ into ‘respect’, most are out to get what they can from you, if you get to 50 and can count on one full hand how many ‘real true good friends’ you have you are a very lucky person (I have 3), life is full of deception and the way of most business is done is more even complete and utter deception

Unfortunately I have found the same thing (im only in my 30s) and recently had to remove some life-long friends from my life due to this very reason. As fti said, "there's no such thing as friends or enemies, only mutual interests". or something along those lines. Although this is no absolute.

I guess Im wondering how to figure out which moves are "real" and which moves are mmaker deception? Maybe that's why fti looks for impulses for direction...and you look for "momentum bars"?
0 traders viewing now