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Quoting pres78
{quote} Also, as I am sure you have seen me say... if you are going to ignore the MA... take it off. Drives me nuts when people have a MA on their charts and constantly trade against it.
With all due respect mate, I was just talking about the reaction at the zone, nothing to do with the MA. But your right mate I should have hid it to ask you the question.

Thanks for the input though
Quoting Paulscaff1
{quote} With all due respect mate, I was just talking about the reaction at the zone, nothing to do with the MA. But your right mate I should have hid it to ask you the question. Thanks for the input though
I also meant no disrespect in my response... just a long-standing pet peeve, I guess. I hope my response offered some value to you.
Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} I also meant no disrespect in my response... just a long-standing pet peeve, I guess. I hope my response offered some value to you.
none taken mate.

Always plenty of value with your posts, I keep forgetting about the rules of trading between the HB and L/H. I actually closed out a trade earler after realising it was in the middle of the zone, and it was a good thing I did

Im still experimenting with the pros/cons of using the MA, so far it only seems to be keeping me out of M15 trades rather than be of any benefit. Although I can understand how the 20sma could be beneficial on maybe M5 or lower.
My NQ short entry.

I see ND under HVC level, and took short against trend, but I think it was ok.
I regret that I got out so fast ,but it was against trend and I saw High Volume.
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Daytrader
Quoting trezo
My NQ short entry. I see ND under HVC level, and took short against trend, but I think it was ok. I regret that I got out so fast ,but it was against trend and I saw High Volume. {image} {image}
Nice trade mate. Maybe you could have moved your SL behind the first wide range bar instead of setting a TP and then trailed from there, could have got you some more profit?
Quoting Paulscaff1
{quote} Nice trade mate. Maybe you could have moved your SL behind the first wide range bar instead of setting a TP and then trailed from there, could have got you some more profit?
which bar?
Daytrader
Quoting Paulscaff1
{quote} none taken mate. Always plenty of value with your posts, I keep forgetting about the rules of trading between the HB and L/H. I actually closed out a trade earler after realising it was in the middle of the zone, and it was a good thing I did Im still experimenting with the pros/cons of using the MA, so far it only seems to be keeping me out of M15 trades rather than be of any benefit. Although I can understand how the 20sma could be beneficial on maybe M5 or lower.
For me I have found the best trades off the 50% level are right after the zone forms, break of the H and a return down into the buy zone formed between the H and 50% (or reverse for shorts). I find when price has moved a long ways away I like to see more upon a return down into 50% and again would prefer a trade off the H.

Yes wide zone are better for trading inside the zone but... a trade from 50% with the right background can be a great trade. Sometimes you will get an entry at 50%, a break of the H or L and a second add on chance at the H or L.
Today's zone = Tomorrow's opportunity!
Quoting trezo
{quote} which bar?
Maybe something like this, first stop loss move would be after the wide range bar is created, 2nd move after the break of structure to the downside candle close (white line)
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Quoting trezo
My NQ short entry. I see ND under HVC level, and took short against trend, but I think it was ok. I regret that I got out so fast ,but it was against trend and I saw High Volume. {image} {image}
there was a study done on 5million trades provided by FXCM retail positions. the statistics: 60% of the trades were profitable! so not bad. BUT on average losing positions were 2-3 times bigger than winning positions. so this leads to the point i want to make- keep your trades longer (i think you are in that 60% group) from what you have posted here its clear you close them too fast. look at your average RR on the trades! i move my SL to BE only when i have 1:1. my target is usually above 1:3 in rare times i closed it before if i see strong opposite signs.
i struggled with BE trading for a very long time and this simple rule change (of course taking into account the picture of the market) helped me a lot to become profitable. if i see a great setup and it has big SL and on the trade i could get 1:1 i decrease my position size or not enter at all. I know several scalpers who have 80% success rate but are BE traders or losers because of the bad R:R
The more you learn the more you earn
Quoting pres78
{quote} For me I have found the best trades off the 50% level are right after the zone forms, break of the H and a return down into the buy zone formed between the H and 50% (or reverse for shorts). I find when price has moved a long ways away I like to see more upon a return down into 50% and again would prefer a trade off the H. Yes wide zone are better for trading inside the zone but... a trade from 50% with the right background can be a great trade. Sometimes you will get an entry at 50%, a break of the H or L and a second add on chance at the...
Cheers mate, lots of good info there
Quoting Paulscaff1
{quote} Cheers mate, lots of good info there
Guys can you explain me that? I got good trades, and now i took long and all profit has been gone...
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Daytrader
Quoting trezo
{quote} Guys can you explain me that? I got good trades, and now i took long and all profit has been gone... {image}
Read Freemind's post again.

The other thing is basically every trade you've shown has been 2 positions, and you've been adding the 2nd position as price moved your way. So why did you open 4 positions while averaging down?

Try this.. After you open your trade, go up to a M5 chart and manage your position from there.
Quoting Anotan
{quote} Read Freemind's post again. The other thing is basically every trade you've shown has been 2 positions, and you've been adding the 2nd position as price moved your way. So why did you open 4 positions while averaging down? Try this.. After you open your trade, go up to a M5 chart and manage your position from there.
Okey but how you can explain this situation? I took more long because there was more NO SUPPLY.
Daytrader
Quoting trezo
{quote} Guys can you explain me that? I got good trades, and now i took long and all profit has been gone... {image}
Your number of trades is very high. Try to decrease it.
Quoting Shantala
{quote} Your number of trades is very high. Try to decrease it.
BUT can you explain me chart? Show where was supply, demand?
Daytrader
Quoting trezo
{quote} Okey but how you can explain this situation? I took more long because there was more NO SUPPLY.
The climatic volume isn't massive, but compare that volume to the previous few bars. Pay attention to sudden increase or decrease in volume.
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Quoting trezo
{quote} I took more long because there was more NO SUPPLY.
Don't keep adding just because there are no supply bars. Just yesterday I was talking about seeing the same area being repeatedly tested with no positive result as a sign of weakness.

Quoting Anotan
{quote} In this example NS bar is your main focus, the NS already checked for sellers and price doesn't need to check for them again. If you see price repeatedly testing the same area with no positive result that's a huge red flag.
Quoting trezo
{quote} Guys can you explain me that? I got good trades, and now i took long and all profit has been gone... {image}
Price is moving sideways... NS followed by lack of follow-through to the upside... choppy, messy, no "trend" to trade. Time to stand aside and watch for clearer PA...

1 min is tough.
Today's zone = Tomorrow's opportunity!
Quoting Anotan
{quote} Don't keep adding just because there are no supply bars. Just yesterday I was talking about seeing the same area being repeatedly tested with no positive result as a sign of weakness. {quote}
...That would be be me
Try this for you guys who are all over the place and there are plenty of you getting lost in this stuff

Strip back everything except OHLCV from your chart

Use a standard bar chart

Add 1 standard indicator for volatility .. Bollinger Bands standard settings

Nothing more

Stay with minimum time frame of 15 mins nothing lower

Now look at the closes below the lower band and look at the cause and effect around those closes with volume

Keep looking until you see it

Its all there
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