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  • #221
  • Nov 21, 2019 7:42am Nov 21, 2019 7:42am
Quoting venividivici
Theres just two type of trades, range-bound or trend..stay dynamic!
LUV it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDcM1.png Size: 32 KB
Click to Enlarge Name: USDJPYcM1.png Size: 33 KB
Risiko birgt immer auch die Chance.
  • #222
  • Dec 17, 2019 4:41am Dec 17, 2019 4:41am
Quoting venividivici
{image} {image} It's hard to explain without you yourself seeing it live, but I try and put it down in images. {image}
Watch for False Breakouts as risk is well defined.

Trade Well
It's a dirty job but someone's gotta do it!
  • #223
  • Dec 20, 2019 8:43am Dec 20, 2019 8:43am
Hey Veni, have a nice Xmas time and I wish you same success to 2020.
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPcM1.png Size: 67 KB
Risiko birgt immer auch die Chance.
  • #224
  • Dec 20, 2019 8:58am Dec 20, 2019 8:58am
Quoting Sesamstrasse
Hey Veni, have a nice Xmas time and I wish you same success to 2020. Guido {image}
Sesamstrasse

Thanks for the example. The principle laid out by Venividevici is S/L hunt. In the above snapshot, how are you incorporating the principle or are you using a different set of rules?

Thanks
  • #225
  • Edited 1:06pm Dec 20, 2019 9:11am | Edited 1:06pm
Quoting aaven
{quote} Sesamstrasse Thanks for the example. The principle laid out by Venividevici is S/L hunt. In the above snapshot, how are you incorporating the principle or are you using a different set of rules? Thanks
Good question!

I can t trade everyday because I have a tough fulltimejob and in my job is every day a monday, 6 days a week.
(the benefit is loooong holidays)

BUT:

If you watch naked m1 charts for a while, it comes to you when a chart could reverse or break out.
M1 is very precise, a pin at the bottom and a reaction in the opposite direction may be enough to jump in.

I just keep the SL s tight, quick in quick out, I just try to trade flexible.

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPcM1.png Size: 58 KB
Risiko birgt immer auch die Chance.
  • #226
  • Dec 20, 2019 9:35am Dec 20, 2019 9:35am
Quoting Sesamstrasse
{quote} Good question! I can t trade everyday because I have a tough fulltimejob and in my job is every day a monday, 6 days a week. (the benefit is loooong holidays) BUT: If you watch naked m1 charts for a while, it comes to you when a chart could reverse or break out. M1 is very precise, a pin at the bottom and a reaction in the opposite direction may be enough to jump in. I just try to keep the SL s tight, quick in quick out, I just try to trade flexible. Guido {image}
Nice example, i like what you are doing here.
Perfection is the enemy of good enough!
  • #227
  • Dec 21, 2019 1:53pm Dec 21, 2019 1:53pm
Quoting Sesamstrasse
{quote} Good question! I can t trade everyday because I have a tough fulltimejob and in my job is every day a monday, 6 days a week. (the benefit is loooong holidays) BUT: If you watch naked m1 charts for a while, it comes to you when a chart could reverse or break out. M1 is very precise, a pin at the bottom and a reaction in the opposite direction may be enough to jump in. I just keep the SL s tight, quick in quick out, I just try to trade flexible. Guido {image}
Thank You Sesamstrasse...
  • #228
  • Edited 1:18am Jan 3, 2020 1:01am | Edited 1:18am
Not sure if I am doing it right, but here goes a demo trade example. Its in m15, as I could not find other good trades in m1 at the moment.

Please correct me if I am wrong here. Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmM15.png Size: 19 KB


EDIT: Trade closed after the bearish close in m15. -7.7 pips.

Will wait for more live trade opportunities to post.
  • #229
  • Edited 10:26am Jan 3, 2020 10:06am | Edited 10:26am
not sure how this is going to turn out.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 29 KB


EDIT: closed -4 pips.
  • #230
  • Edited 10:32am Jan 3, 2020 10:13am | Edited 10:32am
Hope I am not polluting the thread:
The trade is currently right in the grid wall. Currently I don't know when to take take profit or stop with this method. So what I am doing is stopping when price closes above the swing high. I know my sl is high, but still learning, please do give any suggestions on what went wrong or when to cut the loss. Thank you.
The target here is 0.8530.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM1.png Size: 46 KB


I am relearning stuffs. Lost too much.

EDIT: Target hit +5 pips.
  • #231
  • Jan 3, 2020 10:23am Jan 3, 2020 10:23am
Be careful if you go againt the trend. In ranging market it work best for me.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM1.png Size: 49 KB
Perfection is the enemy of good enough!
  • #232
  • Jan 6, 2020 10:03am Jan 6, 2020 10:03am
Quoting Sesamstrasse
{quote} Good question! I can t trade everyday because I have a tough fulltimejob and in my job is every day a monday, 6 days a week. (the benefit is loooong holidays) BUT: If you watch naked m1 charts for a while, it comes to you when a chart could reverse or break out. M1 is very precise, a pin at the bottom and a reaction in the opposite direction may be enough to jump in. I just keep the SL s tight, quick in quick out, I just try to trade flexible. Guido {image}
Hi Danke for your sharing. What charting are you using. How do you get the 5 pips on right hand side? Is having fixed pip chart beneficial to trading this method or is non relevant? Thanks.
On the way
  • #233
  • Jan 6, 2020 11:43am Jan 6, 2020 11:43am
Quoting whtrader
{quote} Hi Danke for your sharing. What charting are you using. How do you get the 5 pips on right hand side? Is having fixed pip chart beneficial to trading this method or is non relevant? Thanks.
Hi,
I like it instead of grid.
Here you ll get it:


https://www.forexfactory.com/showthr...4#post12670574
Risiko birgt immer auch die Chance.
  • #234
  • Jan 7, 2020 8:02am Jan 7, 2020 8:02am
Quoting Sesamstrasse
{quote} Hi, I like it instead of grid. Here you ll get it: https://www.forexfactory.com/showthr...4#post12670574
Danke sehr!
vielen vielen Dank
On the way
  • #235
  • Jan 13, 2020 7:39am Jan 13, 2020 7:39am
I guess finally, a presentable scalp example. I looked at too many charts so I missed a lot of setups.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDmM5.png Size: 28 KB


I closed at the blue line. and setup for buy had occurred in the blue line, but didn't take it, I didn't think that was a good setup, but looks like it would have worked just fine. Still not enough charts experience I guess.
  • #236
  • Jan 13, 2020 7:54am Jan 13, 2020 7:54am
Quoting needtolearn
I guess finally, a presentable scalp example. I looked at too many charts so I missed a lot of setups. {image} I closed at the blue line. and setup for buy had occurred in the blue line, but didn't take it, I didn't think that was a good setup, but looks like it would have worked just fine. Still not enough charts experience I guess.
Looking too many charts lead not to a better trading. Watch less but closer.
Perfection is the enemy of good enough!
  • #237
  • Jan 13, 2020 9:13am Jan 13, 2020 9:13am
Quoting MichaelSch
{quote} Looking too many charts lead not to a better trading. Watch less but closer.
Yes, I have a problem of fear of missing out. I am trying to control it but the progress is slow.

Here is another trade I took earlier:
red line (142.7 is the target).
This took a little while but worked.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmM5.png Size: 29 KB
  • #238
  • Jan 13, 2020 10:09am Jan 13, 2020 10:09am
Last trade of the day.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM5.png Size: 20 KB
  • #239
  • Jan 15, 2020 8:51pm Jan 15, 2020 8:51pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting MichaelSch
Looking too many charts lead not to a better trading. Watch less but closer.
"Watch less but closer" Interesting concept and something I haven't heard.

.....limit potentiality overwhelming or distracting information, and focus on details.
School of hard knocks
dmj120 Return This Year: na
  • #240
  • Feb 6, 2020 10:58am Feb 6, 2020 10:58am
5 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 285 KB
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