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The Way I Trade

  • #1
  • First Post: Jul 23, 2021 3:55pm Jul 23, 2021 3:55pm
I have learnt that it is important for a trader to speak out as he develops in the trading world. This thread accommodates different styles of trading. Come and share what you see about price or what you think price is going to do supporting with reasons. We learn as we interact. See you there guys. My post on the way I trade will soon come in guys. Happy weekend

Learn and Earn

The way I trade.. For me I first consider structure from higher time frame to lower to get a sense of directional bias and then drop to 1M or 5M tf for entry. I looked for break of structure on higher tf and look for same on lower. When I spot one i wait for retest of orderblock usually 50 percent or as the market shows willingness to move,then i join

So for me its basically STRUCTURE, TIME AND PRICE.

I post and use words commonly used by ICT because I respect his concept, and a combination of ICT, TLSR, ECR and sometimes BTMM gives rise to my trading system. So far I am seeing the market from better perspective and this continues as learning and backtest continues. I look for patterns I have back tested and trade them on lower tfs when they happen at specific times.

More to come on the way I trade thx guys
  • #2
  • Edited 8:13pm Jul 24, 2021 2:59pm | Edited 8:13pm
Sounds like proper ways, now you must apply them. I dont often share about trading so i'll go ahead.

Scalping is what fits me. I specifically scalp gold. Im not very sophisticated, however im organized and it works. Been scalping it full time for 13 months. Disclosure in my conclusion below.

I can't imagine trading without being aware of the fundamentals at play, they're my first and biggest indicator. I organize a few news sources to keep things clean, to the point and to inform me of key drivers at the moment. Some technical traders post their charts all over the place explaining all the numerous measured details into some big trade they took...when all there ever was to it was a big announcement or piece of news, sentiment into a key time of day with algos pressing hard suddenly, and that was quite recognizable with zero indicator and the rest. Up to each trader.

If we talk of MA I often only have the 200, which has meaning on bigger TFs for many players. I execute in M1 and constantly refer from Weekly all the way back down. Approach the 200 I look into key levels matches and the current drivers. Otherwise I just use horizontal key levels, which gold reacts to nicely. Fibs. Trend lines properly understood for current situations.

The RSI, i've learned its ways with gold to an extent; it remains on my screen.

Gold is wild. It whips around. A beast I have learned to deal with in some ways. But the times I despise it tho are times I shouldn't touch it. It happens on average 2 sessions a week, otherwise most sessions I find opportunities. In fact there are setups all over the place, but like a sniper I must wait until all things align.

I have on another screen the us dollar and 10 year yields. I watch their every move against gold and they're a big indicator for me. Depends on current situation as always. It can be tricky but if you're in tune you can corner price meaningfully.

There are so many things in between but if you stay put, the clear opportunity comes each day/week.

I am a passionate and emotional risk taker, something tough to tame trading wise. But I appreciate how it makes me have to smooth out those things to configurate profitable trading. It makes me grow as a person.

So far my dilemma is this: I accumulate a few days of nonstop profits, and then wreck everything.
Psychology accounts for most of my losses. We're humans. So it's not about the loss, it's all about how you handle that loss.
Impatience.
I sometimes think that it's almost possible to have no losses at all, but in this world a loss eventually manifests itself. If I look at my losses they're almost all avoidable, it's a question of patience and being clear minded. Some losses are honest attempts. On honest attempts, or guessworks, or fair takes, I know to identify those trades as such and therefore lower size for the occasion.

The reality is, those takes are the in-betweens of the clear opportunities and we didn't simply wait for them. When you take a loss, compare it to your last win. Why would you put yourself through lower quality takes, and not wait for the clear opportunities?

I await for undeniable clarity of opportunity, which thankfully occurs and offers itself each day/session. Once it comes, I know it and it feels too good to pass at the specific moment. It calls my name. That's all I need to know. If I deviate, I must manage it quick, it's my problem.

I amass consecutive days with little to no losses. And then the day comes where a few things may occur.

-Overconfidence; suddenly deviate for no good reason. Trades then become gambles and are reduced to 50/50.
-Fear to affect growing account; I trade less and less despite opportunities, I grow irritated, and then trade badly.

There is nothing better than respecting the way I know to succeed. Sometimes im done my day in 20 minutes, on top of the world. Other times it takes all day. A key thing here is every single time I lose big, it was avoidable, is 100% my fault, and I simply deviated from my way.
  • #3
  • Jul 25, 2021 3:50am Jul 25, 2021 3:50am
Quoting Nuraynfx
The way I trade.. For me I first consider structure from higher time frame to lower to get a sense of directional bias and then drop to 1M or 5M tf for entry. I looked for break of structure on higher tf and look for same on lower. When I spot one i wait for retest of orderblock usually 50 percent or as the market shows willingness to move,then i join So for me its basically STRUCTURE, TIME AND PRICE. I post and use words commonly used by ICT because I respect his concept, and a combination of ICT, TLSR, ECR and sometimes BTMM gives rise to my trading...

Gold

Using ICT I see reversal signs, on the daily the previous candle has been broken on both sides and when this happens we should expect some reversal let's see.
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I usually pay attention only to red folder news at times and when I watch the charts as the news happens, the move usually goes to fill imbalance or gap or clear liquidity at previous highs or lows before resuming trend. I however advice to stay out of the market untill d effect of d news has subsided
  • #4
  • Jul 25, 2021 3:56am Jul 25, 2021 3:56am
Quoting eLmuchacho
Sounds like proper ways, now you must apply them. I dont often share about trading so i'll go ahead. Scalping is what fits me. I specifically scalp gold. Im not very sophisticated, however im organized and it works. Been scalping it full time for 13 months. Disclosure in my conclusion below. I can't imagine trading without being aware of the fundamentals at play, they're my first and biggest indicator. I organize a few news sources to keep things clean, to the point and to inform me of key drivers at the moment. Some technical traders post their...
I feel you bro. Every trader goes through that and that's why it gets to a stage where u must work on keeping the profits in your account. For me I have started improving on that by just staying out of the market after making my targeted profit. I just watch the charts and paper trade. And if u have a new thing to add to it strategy I just backtest it and resist the urge to use it on real account untill I am used to it. Yeah that's about it, happy trading
  • #5
  • Jul 25, 2021 4:08am Jul 25, 2021 4:08am
Quoting Nuraynfx
The way I trade.. For me I first consider structure from higher time frame to lower to get a sense of directional bias and then drop to 1M or 5M tf for entry. I looked for break of structure on higher tf and look for same on lower. When I spot one i wait for retest of orderblock usually 50 percent or as the market shows willingness to move,then i join So for me its basically STRUCTURE, TIME AND PRICE. I post and use words commonly used by ICT because I respect his concept, and a combination of ICT, TLSR, ECR and sometimes BTMM gives rise to my trading...
The ECR EMAs I use are 14,. 40 50, and 100. On htf I use ICT's 9 and 18 for direction which I am gradually learning to unused becos I can determine direction without the emas on as time progresses

My trading mates who trade gold use 14, 48 and 96 and have been testifying positively.
  • #6
  • Jul 25, 2021 4:20am Jul 25, 2021 4:20am
Quoting Nuraynfx
{quote} Gold Using ICT I see reversal signs, on the daily the previous candle has been broken on both sides and when this happens we should expect some reversal let's see.{image} I usually pay attention only to red folder news at times and when I watch the charts as the news happens, the move usually goes to fill imbalance or gap or clear liquidity at previous highs or lows before resuming trend. I however advice to stay out of the market untill d effect of d news has subsided
EU
Price already looking supported and willing to go higher. Notice the volume indicator below as divergence is seen between price and volume where that bear candle on the 4hr chart showed alot of bull momentum on the volume indicator
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GU
Already showing bull momentum before the week ended. Currently it looks like structure already broken at least on lower tf (check htf) to confirm and it's doing something like RTO to prepare for more up move
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  • #7
  • Jul 25, 2021 4:39am Jul 25, 2021 4:39am
Quoting Nuraynfx
{quote} EU Price already looking supported and willing to go higher. Notice the volume indicator below as divergence is seen between price and volume where that bear candle on the 4hr chart showed alot of bull momentum on the volume indicator{image} GU Already showing bull momentum before the week ended. Currently it looks like structure already broken at least on lower tf (check htf) to confirm and it's doing something like RTO to prepare for more up move{image}
NAS 100
BOS on daily. Expecting price to return to at list the top of that OB shown by the horizontal line for a higher move up
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  • #8
  • Edited 6:25am Jul 25, 2021 5:54am | Edited 6:25am
EU
I have been looking at this monthly M and the possibility of price completing the second leg is possible which is seen as a return to orderblock and an attempt to fill fair value gap on the monthly. EU being a slower pair than GU and gold may want to do this b4 bullish, or is it going to ignore the rto and fvg? Its left to be seen we go anywhere the wave takes us
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  • #9
  • Jul 25, 2021 5:56am Jul 25, 2021 5:56am
EU
I have been looking at this monthly M and the possibility of price completing the second leg is possible which is seen as a return to orderblock and an attempt to fill fair value gap on the monthly. EU being a slower pair than GU and gold may want to do this b4 bullish, or is it going to ignore the rto and fog? Its left to be seen we go anywhere the wave takes usAttachment g

Completing this M is seen as rto, fvg fill and retest of trendline b4 resuming bullish but let's see
  • #10
  • Jul 25, 2021 6:21am Jul 25, 2021 6:21am
GU
FVG filled but price may do a rto which is also a trendline retest after break b4 a higher move. Trendline analysis
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Gold
Broke and retested lower trendline, price has been bullish for a while and then retracement formed another trendline which has now been broken and retested hence a higher move is expected. # trendline only analysis, keeping it simple

Just look how wacky gold can be let's see

I have submitted trendline analysis on the same pairs I analysed earlier using price action, I see confluence between the 2 types of analysis this is why every trader sees the market differently but arrives at same destination using different routes. So I take all the trades eu gu and gold if they happen and correspond with my 14/40 ema cross on lower tf and this is TLSR/ECR mentioned in the thread 'the way I trade" or TLBR/ECR
TLSR= Trendline support resisistance, TLBR = Trendline break and retest and ECR = EMA Cross and Retest.
PLS TRADERS LET US ADD TO THE THREAD "The way I Trade" your wealth of experiences are welcome, we can share ideas and trading styles
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  • #11
  • Jul 25, 2021 6:30am Jul 25, 2021 6:30am
Quoting Nuraynfx
EU I have been looking at this monthly M and the possibility of price completing the second leg is possible which is seen as a return to orderblock and an attempt to fill fair value gap on the monthly. EU being a slower pair than GU and gold may want to do this b4 bullish, or is it going to ignore the rto and fog? Its left to be seen we go anywhere the wave takes us{image} Completing this M is seen as rto, fvg fill and retest of trendline b4 resuming bullish but let's see
The Ob mean threshold is filled, it is weak. There is also an old high within the FVG that should be monitored. If you study the last MN1 candles you are indeed at BUOB, but I think it is weak and therefore not meaningful.

I have read you use also BTMM. Things like not trading the Asian range or acting when you see blood on the water are poison for the brain. I think Steve unsuccessfully tried to understand order flow and finally ended up not trading and just selling his bootcamp. I even have a friend who used to be a BTMM instructor and does not use anything from that at all.

Trade safe.
  • #12
  • Jul 25, 2021 6:42am Jul 25, 2021 6:42am
Quoting Nuraynfx
I have learnt that it is important for a trader to speak out as he develops in the trading world. This thread accommodates different styles of trading. Come and share what you see about price or what you think price is going to do supporting with reasons. We learn as we interact. See you there guys. My post on the way I trade will soon come in guys. Happy weekend Learn and Earn The way I trade.. For me I first consider structure from higher time frame to lower to get a sense of directional bias and then drop to 1M or 5M tf for entry. I looked for...
Stick to only one method you choose! give that method the time to learn and practice it deserve to see good results. but if you are not able to be successful with one for sure mixing all three wont make any difference.
"Exchange of hands"
  • #13
  • Edited 11:03am Jul 25, 2021 7:44am | Edited 11:03am
Quoting Nuraynfx
GU FVG filled but price may do a rto which is also a trendline retest after break b4 a higher move. Trendline analysis {image} Gold Broke and retested lower trendline, price has been bullish for a while and then retracement formed another trendline which has now been broken and retested hence a higher move is expected. # trendline only analysis, keeping it simple Just look how wacky gold can be let's see I have submitted trendline analysis on the same pairs I analysed earlier using price action, I see confluence between the 2 types...

DONT RULE OUT THIS POSSIBILITY ON GOLD
Guys look at the macro M on monthly zoomed out. U will notice a break in structure and gold is just trying to do rto to the horizontal lines( any level of retracement is possible at any of the lines) for a continuous move up so more downside is possible to complete retracement but this retracement may be deep guys. Wow is it possible to reach the lowest horizontal line? that's around 1311 zone guys, can d pandemic cause this? we will see but with d bos it means more upside after the retracement ( the topmost line shows d bos)

Dont 4get my 1st post today where I said condering where price is at, a reversal may be seen based on candle behaviour when will d reversal happen is what we must pay attention to see. As for the retracement how deep can it go? We will see but definitely signs are already visible on the daily. Gold being gold

But retracement to the lower trendline? Is this possible? Let's keep watching bearing in mind reversal can happen at any time good luck and happy trading
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  • #14
  • Jul 25, 2021 8:12am Jul 25, 2021 8:12am
Quoting bilal1947
{quote} Stick to only one method you choose! give that method the time to learn and practice it deserve to see good results. but if you are not able to be successful with one for sure mixing all three wont make any difference.
Thx bro the different views are becos No one can predict the exact extent of the move. All 3 views are the same and point to same thing only trying to be cautious thx 4 your input.
  • #15
  • Jul 25, 2021 9:15am Jul 25, 2021 9:15am
Quoting scherzi
{quote} The Ob mean threshold is filled, it is weak. There is also an old high within the FVG that should be monitored. If you study the last MN1 candles you are indeed at BUOB, but I think it is weak and therefore not meaningful. I have read you use also BTMM. Things like not trading the Asian range or acting when you see blood on the water are poison for the brain. I think Steve unsuccessfully tried to understand order flow and finally ended up not trading and just selling his bootcamp. I even have a friend who used to be a BTMM instructor and...
Only a little btmm as I wrote. What the asian RANGE is where lies the secret thx 4 your input
  • #16
  • Jul 25, 2021 10:57am Jul 25, 2021 10:57am
[quote = Nuraynfx; 13641116] {quote} Vàng Sử dụng ICT Tôi thấy các dấu hiệu đảo chiều, vào hàng ngày, cây nến trước đó đă bị phá vỡ ở cả hai phía và khi điều này xảy ra, chúng ta nên mong đợi sự đảo chiều nào đó. {image} Tôi thường chỉ chú ư đối với tin tức thư mục màu đỏ vào các thời điểm và khi tôi xem các biểu đồ khi tin tức xảy ra, động thái này thường nhằm lấp đầy sự mất cân bằng hoặc chênh lệch hoặc xóa thanh khoản ở mức cao hoặc mức thấp trước đó trước khi tiếp tục xu hướng. Tuy nhiên, tôi khuyên bạn nên đứng ngoài thị trường cho đến khi ảnh hưởng của d tin tức giảm xuống [/ quote]
If you use ICT concepts then for Gold I see a big liquidity after 1790 showing through many long wicks at h1 = >>> I expect it to liquid there and then it will published, decide later. I support short selling it
  • #17
  • Jul 25, 2021 12:31pm Jul 25, 2021 12:31pm
9pm est Asian volatility picks up, I often scalp the resulting move/sturcture(s) according to current sentiment. Sometimes it's one big fade, sometimes sniper entry on a big move, sometimes simply momentum follow, depends on day of week and current sentiment/events.
It can be an addition or trade of the day as a scalper.
When properly applied and with comprehensive new volatility, that can be all I ever need on some days.
  • #18
  • Edited 4:15pm Jul 25, 2021 3:15pm | Edited 4:15pm
Quoting minhzz
[quote = Nuraynfx; 13641116] {quote} Vàng Sử dụng ICT Tôi thấy các dấu hiệu đảo chiều, vào hàng ngày, cây nến trước đó đă bị phá vỡ ở cả hai phía và khi điều này xảy ra, chúng ta nên mong đợi sự đảo chiều nào đó. {image} Tôi thường chỉ chú ư đối với tin tức thư mục màu đỏ vào các thời điểm và khi tôi xem các biểu...
Good bro. It's an open market the reason why I said bulls may seize market is also becos these wicks indicate that price does not want to go lower. And for some days price has been struggling to stay below 1800 and from history that level is strong for gold. But price is king let's see what market will do.
  • #19
  • Jul 25, 2021 3:19pm Jul 25, 2021 3:19pm
Quoting eLmuchacho
9pm est Asian volatility picks up, I often scalp the resulting move/sturcture(s) according to current sentiment. Sometimes it's one big fade, sometimes sniper entry on a big move, sometimes simply momentum follow, depends on day of week and current sentiment/events. It can be an addition or trade of the day as a scalper. When properly applied and with comprehensive new volatility, that can be all I ever need on some days.
I like the way you trade bro. I also pay attention to the asian range and what price will do as it leaves the range though I am still trying to figure out the best time to buy below opening price and sell above opening price for buy and sell models respectively. Happy trading week
  • #20
  • Jul 25, 2021 3:30pm Jul 25, 2021 3:30pm
Quoting Nuraynfx
I have learnt that it is important for a trader to speak out as he develops in the trading world. This thread accommodates different styles of trading. Come and share what you see about price or what you think price is going to do supporting with reasons. We learn as we interact. See you there guys. My post on the way I trade will soon come in guys. Happy weekend Learn and Earn The way I trade.. For me I first consider structure from higher time frame to lower to get a sense of directional bias and then drop to 1M or 5M tf for entry. I looked for...
Fellow traders, Let us have more trading styles, this thread is meant for us all to speak freely on how we trade, any problems encountered, successes etc. You will find that as you discuss u become more comfortable with your trading style, it's all in the power of communication so lets do this guys
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