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In One Sentence - How Do You Trade?

  • #221
  • Jun 3, 2020 8:16pm Jun 3, 2020 8:16pm
Got the same question, actually.

How do you spot those footprints exactly? Can you clue us in?
Amor Fati--F. Nietzsche
  • #222
  • Jun 3, 2020 8:42pm Jun 3, 2020 8:42pm
I don't want to put unnecessary pressure on contributors. But briefly, and taking cognizance of what @doji said, to 'clue us' on it. The clue, for me, is in the first part of my trading philosophy: 'do your home work...' For me, this involves thorough analyses of the markets, understanding market structure, identifying potential reaction zones (e.g. S/R zones) from e.g. W1 tf, waiting for trend alignment with at least a time frame one level higher than your trading time frame, and looking for set-ups around the already identified zones being cognizant of market manipulation.

KP

Quoting KeenPips
Thanks for the post mate, but the thread does not demand such information from any contributor. KP {quote}
Do your homework, follow the footprints of smart money
  • #223
  • Jun 3, 2020 8:46pm Jun 3, 2020 8:46pm
As can be seen, this is not a quick fix. It requires a lot of work and preparation. But doing this, for me mainly on weekends, as I am primarily a swing trader, makes me spend less time trading during the week.

KP

Quoting KeenPips
I don't want to put unnecessary pressure on contributors. But briefly, and taking cognizance of what @doji said, to 'clue us' on it. The clue, for me, is in the first part of my trading philosophy: 'do your home work...' For me, this involves thorough analyses of the markets, understanding market structure, identifying potential reaction zones (e.g. S/R zones) from e.g. W1 tf, waiting for trend alignment with at least a time frame one level higher than your trading time frame, and looking for set-ups around the already identified zones being cognizant...
Do your homework, follow the footprints of smart money
  • #224
  • Jun 3, 2020 8:51pm Jun 3, 2020 8:51pm
I also gave an important clue earlier: Patience...

KP

Quoting KeenPips
As can be seen, this is not a quick fix. It requires a lot of work and preparation. But doing this, for me mainly on weekends, as I am primarily a swing trader, makes me spend less time trading during the week. KP {quote}
Do your homework, follow the footprints of smart money
  • #225
  • Jun 3, 2020 9:04pm Jun 3, 2020 9:04pm
In One Sentence:
Trade what you see and think in probabilities.

---

Further Elaboration

From a high level perspective:
- Trade What You See
- Think in Probabilities
- Manage Your Risk

At a lower granular level:
- Multiple Timeframe Analysis
- Support & Resistance Zones
- Candlestick Patterns
Trade What You See; Think in Probabilities;
  • #226
  • Jun 3, 2020 11:43pm Jun 3, 2020 11:43pm
Quite apt mate, we deal in probabilities. By the way, welcome to FF!

Stay safe, trade safe.

KP

Quoting JeForceX
In One Sentence: Trade what you see and think in probabilities. --- Further Elaboration From a high level perspective: - Trade What You See - Think in Probabilities - Manage Your Risk At a lower granular level: - Multiple Timeframe Analysis - Support & Resistance Zones - Candlestick Patterns
Do your homework, follow the footprints of smart money
  • #227
  • Jun 4, 2020 12:04am Jun 4, 2020 12:04am
I hope you checked my response on the clue you asked for.

Stay safe, trade safe.

KP

Quoting doji
Got the same question, actually. How do you spot those footprints exactly? Can you clue us in?
Do your homework, follow the footprints of smart money
  • #228
  • Jun 4, 2020 12:20am Jun 4, 2020 12:20am
since not all of my positions end with a profit, proper money management is very important to me, it is almost key for me.
  • #229
  • Jun 4, 2020 1:55am Jun 4, 2020 1:55am
You are not alone mate. In fact, no trader has all his/her positions ending in profit. Some FF 'gurus' may pretend that they are always in profit or post 'successful' trades after the effects.

Trade safe and prosper.

KP

Quoting tiborf71
since not all of my positions end with a profit, proper money management is very important to me, it is almost key for me.
Do your homework, follow the footprints of smart money
  • #230
  • Jun 4, 2020 2:07am Jun 4, 2020 2:07am
Quoting KeenPips
You are not alone mate. In fact, no trader has all his/her positions ending in profit. Some FF 'gurus' may pretend that they are always in profit or post 'successful' trades after the effects. Trade safe and prosper. KP {quote}
yes you are right but anyone who is already professionally trained already knows that you cannot win every battle.
  • #231
  • Jun 4, 2020 2:16am Jun 4, 2020 2:16am
Quite right mate. But in real terms, it requires self-honesty.

KP

Quoting tiborf71
{quote} yes you are right but anyone who is already professionally trained already knows that you cannot win every battle.
Do your homework, follow the footprints of smart money
  • #232
  • Jun 4, 2020 3:45am Jun 4, 2020 3:45am
Quoting doji
Got the same question, actually. How do you spot those footprints exactly? Can you clue us in?
Do you know what it is you are looking at ?

Inserted Video
It never gets easier, you just get better
  • #233
  • Jun 4, 2020 6:18am Jun 4, 2020 6:18am
I realize that, as a swing trader, having a watch list of 5-8 pairs is optimal for swing trading; a larger number makes the pre-market analysis and screening a heavy chore and may be less effective.

KP

Quoting KeenPips
Over the years I have pruned down the number of pairs on my watch list from 15 to presently seven or eight, facilitating proper focus on, and understanding of, the pairs now on my watch list. KP {quote}
Do your homework, follow the footprints of smart money
  • #234
  • Jun 4, 2020 7:43am Jun 4, 2020 7:43am
Any number less than 5, for a swing trader, will not provide adequate trading opportunities, hinder selection of high probability set-ups, and open the trader to FOMO and taking sub-optimal trades.

KP

Quoting KeenPips
I realize that, as a swing trader, having a watch list of 5-8 pairs is optimal for swing trading....{quote}
Do your homework, follow the footprints of smart money
  • #235
  • Jun 4, 2020 4:19pm Jun 4, 2020 4:19pm
When not trading, I spend some of my time analyzing price action to see how it reacts to my system and strategy, i.e. doing a bit of back testing.

KP
Do your homework, follow the footprints of smart money
  • #236
  • Jun 5, 2020 4:06am Jun 5, 2020 4:06am
Quoting tiborf71
{quote} yes you are right but anyone who is already professionally trained already knows that you cannot win every battle.
Totally agree with you. Rightly said.
  • #237
  • Jun 5, 2020 4:45am Jun 5, 2020 4:45am
I wait for breaks with volatility and then a retrace to a likely level and then I enter.

With less words, I swing trade.
Looking for profitable short term trades ...|
  • #238
  • Jun 5, 2020 5:39am Jun 5, 2020 5:39am
Quoting tiborf71
{quote} yes you are right but anyone who is already professionally trained already knows that you cannot win every battle.
Trade following your rules always, avoid making rush decisions and avoid making mistakes.
It never gets easier, you just get better
  • #239
  • Jun 5, 2020 5:59am Jun 5, 2020 5:59am
Rules based, price action trading will go a long way to fostering consistent trading success.

KP

Quoting Shabs19
{quote} Trade following your rules always, avoid making rush decisions....
Do your homework, follow the footprints of smart money
  • #240
  • Jun 5, 2020 6:02am Jun 5, 2020 6:02am
We all make mistakes and mistakes will come. Perhaps, minimizing mistakes will be a more realistic goal.

KP

Quoting Shabs19
{quote}....avoid making mistakes.
Do your homework, follow the footprints of smart money
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