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You Already Know How to Trade! (Supermarket Deals)

  • #121
  • Feb 6, 2020 9:37pm Feb 6, 2020 9:37pm
Quoting Doomseeker
In my opinion, being a trader first of all means that you need to keep abreast of events and be able to analyze everything that happens in practice. It's not just because you have to work with a lot of information and constantly think about the cause-and-effect relationship that may arise between one or another asset. Therefore, it is not enough to read once an article about the basic laws of trading or forex, you need to collect daily data about what is happening in the world today and what consequences it will have next. Because if you act on...
I agree. Being in the market every day is important for your growth as a trader. Just like any other skill, trading is developed by practice.
  • #122
  • Mar 14, 2020 11:29pm Mar 14, 2020 11:29pm
are we using market maker's strategy sir? just like captain jack
  • #123
  • Mar 15, 2020 7:06pm Mar 15, 2020 7:06pm
Quoting redeemer007
are we using market maker's strategy sir? just like captain jack
No reason not to.
  • #124
  • Mar 16, 2020 1:45am Mar 16, 2020 1:45am
>> market maker's strategy sir? just like captain jack

What does this mean guys?
  • #125
  • Mar 16, 2020 8:26am Mar 16, 2020 8:26am
Quoting OldKid
>> market maker's strategy sir? just like captain jack What does this mean guys?
Captain Jack used to be active here on FF. He then moved to SteveHopwoodForex and then he started a forum of his own which he no longer maintains and is now defunct. Most of what I have laid out in this thread I learned from scouring his material. A lot of it existed before CJ taught it but he somehow made it make sense to me. It took a lot of hours looking at charts.
  • #126
  • Mar 17, 2020 9:47pm Mar 17, 2020 9:47pm
Thanks Skracor!

Is this the right place to read up on it: https://www.stevehopwoodforex.com/ph...forum.php?f=59
  • #127
  • Mar 17, 2020 10:59pm Mar 17, 2020 10:59pm
Quoting OldKid
Thanks Skracor! Is this the right place to read up on it: https://www.stevehopwoodforex.com/ph...forum.php?f=59
Yes, that is it. You will find that Steve has closed the thread and it is no longer open for questions. There are PDF's on there condensing all the most important member's posts. That would be the quickest way to scour that daunting thread. Have fun! I will be here if you have any questions from that material. I know most of it. Some still eludes me. I have been through the vast majority post by post.
  • #128
  • Mar 17, 2020 11:05pm Mar 17, 2020 11:05pm
Quoting Skracor247
{quote} No reason not to.
I am right now watching Steve's course videos, and I am quite new to this. I also tried to go through CJ's forum thread but I couldn't understand a bit.
My request to you is please keep posting on this thread, sir.
  • #129
  • Apr 6, 2020 12:33pm Apr 6, 2020 12:33pm
I strongly believe that every person can become a successful trader, and it does not matter whether you are a man or a woman. It seems to me that most of the time it matters whether you understand what is going on in the market and whether you are able to analyze the situation. Besides, it doesn't matter whether you are ready to learn and gain experience or not. I have seen more than once how quickly people lose interest at the first failure or difficulty. And I am always sorry to see such situations, so I would recommend all traders to study the market in the first place and spare no effort that in the future will bring you a regular income. The same rules reign here as in any other business, so you should accept it immediately or do not start at all and do not lose your strength and money!
  • #130
  • May 27, 2020 9:23am May 27, 2020 9:23am
One possibility for USD/CAD. This would be temporary as I see dollar strength against all currencies for several more months.

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  • #131
  • Jun 4, 2020 7:45am Jun 4, 2020 7:45am
Level 3
After Stop Hunt completes looking for opportunities for shorts.

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  • #132
  • Jun 5, 2020 10:49am Jun 5, 2020 10:49am
How's my annotation Skracor247?

Actually I was waiting for price to go near resistance... to short.
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  • #133
  • Jun 8, 2020 8:52am Jun 8, 2020 8:52am
Quoting unknown7
How's my annotation Skracor247? Actually I was waiting for price to go near resistance... to short. {image}

I felt I needed to unpack your chart a little more.


Second push down on Daily chart.
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Third push on 4H chart showing the end of the second Daily push.

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Could have had a safe entry short on the end of the third push up on the 1H chart after the reversal.

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You could be waiting for a long after a reversal at the bottom here for the Daily retracement.
  • #134
  • Jun 16, 2020 8:33am Jun 16, 2020 8:33am
Quoting unknown7
How's my annotation Skracor247? Actually I was waiting for price to go near resistance... to short. {image}
I hope you were able to get the short from 1.7650. You would be in a nice profit by now.
  • #135
  • Jun 16, 2020 9:14am Jun 16, 2020 9:14am
Quoting Skracor247
{quote} I hope you were able to get the short from 1.7650. You would be in a nice profit by now.
I was away from PC, but your analysis was good.
  • #136
  • Oct 25, 2024 12:57pm Oct 25, 2024 12:57pm
This week, I am reminded how many questions need to be answered before trading can safely take place.

Here are a few:

1: What does a trend look like in the Macro view(D1 - Monthly)? And what does ranging look like?
2: What does 'Normal' price movement look like(Macro)?
3: Where are Supports and Resistances(Macro)?
4: What does a 'Reversal' look like(Macro)?

These questions need to be repeated and answered for the intraday as well if they are to be traded.
Trading can be a massively confusing endeavor if it is not broken into digestible pieces.
Can these questions be answered by simple repeatable rules that can be followed by anyone? I have to believe, yes.
  • #137
  • Oct 26, 2024 4:45am Oct 26, 2024 4:45am
Quoting Skracor247
This week, I am reminded how many questions need to be answered before trading can safely take place. Here are a few: 1: What does a trend look like in the Macro view(D1 - Monthly)? And what does ranging look like? 2: What does 'Normal' price movement look like(Macro)? 3: Where are Supports and Resistances(Macro)? 4: What does a 'Reversal' look like(Macro)? These questions need to be repeated and answered for the intraday as well if they are to be traded. Trading can be a massively confusing endeavor if it is not broken into digestible pieces. Can...
I’ve also noticed that when you follow certain fundamental events for a long time and relate them to price movements, a reliable context emerges for interpreting the current market state. It becomes easier to recognize when the market is overbought or oversold.
  • #138
  • Oct 27, 2024 9:39am Oct 27, 2024 9:39am
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  • #139
  • Last Post: Oct 27, 2024 10:01am Oct 27, 2024 10:01am
Quoting pizd0s
{quote} I’ve also noticed that when you follow certain fundamental events for a long time and relate them to price movements, a reliable context emerges for interpreting the current market state. It becomes easier to recognize when the market is overbought or oversold.
In my experience, there are as many definitions of overbought and oversold as there are traders. Sorting through the jargon traders use every day is one of the largest most confusing tasks a new trader has ahead of them. I find thinking in terms of accumulation and distribution to be a slightly more accurate representation of the market. All of them, however, are simple terms attempting to describe what is going on behind price movement.

My main focus is on finding those key levels where decisions are made. Some call them Support and Resistance. I am sure there are more accurate words to describe them but a lack of accuracy in language can be made up for with loquaciousness. I know S/R are not very sexy. But they are the most fundamental and in my opinion the least subjective of all the tools traders use.
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