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In One Sentence - How Do You Trade?

  • #561
  • Nov 16, 2021 4:00pm Nov 16, 2021 4:00pm
Quoting thefxguy11
Hi KeenPips Over the past 15 years, I have traded the forex using a type of swing approach that I designed and developed myself. The approach does not employ a trading strategy per se but the concept behind it is to allow the market to create tradable patterns from where I place open positions into the market. In short, I would describe my trading style as an amalgamation of confluence trading together with a special potpourri of indicators tools and trading practices that help me to both read and analyse the forex chart in order to locate (hopefully...
With all due respect...

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #562
  • Nov 17, 2021 2:33am Nov 17, 2021 2:33am
Ok, you trade based on confluence of factors.

KP

Quoting thefxguy11
Hi KeenPips Over the past 15 years, I have traded the forex using a type of swing approach that I designed and developed myself. The approach does not employ a trading strategy per se but the concept behind it is to allow the market to create tradable patterns from where I place open positions into the market. In short, I would describe my trading style as an amalgamation of confluence trading together with a special potpourri of indicators tools and trading practices that help me to both read and analyse the forex chart in order to locate (hopefully...
Do your homework, follow the footprints of smart money
  • #563
  • Nov 17, 2021 6:11pm Nov 17, 2021 6:11pm
Hi guys
here is the last trade I made in the AUS/USD pair.

While it looks a complete mess and it really is but this is my trading world. However, this is not as it appears after I have finished analysing the chart. I'll show how that looks if anyone is interested?

Anyway here goes I hope I'm still able to feed my wife and kids after displaying my formula online lol.

Happy trading folks.

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  • #564
  • Nov 18, 2021 1:28am Nov 18, 2021 1:28am
Though we trade differently, thanks for sharing.

Stay safe, trade safe, and prosper.

KP

Quoting thefxguy11
Hi guys here is the last trade I made in the AUS/USD pair. While it looks a complete mess and it really is but this is my trading world. However, this is not as it appears after I have finished analysing the chart. I'll show how that looks if anyone is interested? Anyway here goes I hope I'm still able to feed my wife and kids after displaying my formula online lol. Happy trading folks. {image}
Do your homework, follow the footprints of smart money
  • #565
  • Nov 20, 2021 10:17am Nov 20, 2021 10:17am
@the fxguy11,can you post some more charts please, it looks interesting...
  • #566
  • Nov 22, 2021 8:05am Nov 22, 2021 8:05am
The basis of my setups is I use multi-timeframe stochastics alignment to follow momentum.

(screenshot is more of a meme than typical result, I marked the setups with everything invisible but stochastics for 1.5 months, that one shocked me when I saw the price bars)
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  • #567
  • Nov 22, 2021 8:17am Nov 22, 2021 8:17am
Good point there about using momentum. Momentum is an important factor. But for day traders, imho, the focus should be on the prevailing or short-term momentum.

KP

Quoting Max0r
The basis of my setups is I use multi-timeframe stochastics alignment to follow momentum. (screenshot is more of a meme than typical result, I marked the setups with everything invisible but stochastics for 1.5 months, that one shocked me when I saw the price bars) {image}
Do your homework, follow the footprints of smart money
  • #568
  • Nov 22, 2021 8:19am Nov 22, 2021 8:19am
Quoting KeenPips
Good point there about using momentum. Momentum is an important factor. But for day traders, imho, the focus should be on the prevailing or short-term momentum. KP {quote}
By prevailing momentum, do you mean like much higher timeframe momentum, or market-wide momentum, or something else? As far as short term momentum, do you mean like short term without taking into consideration higher timeframes, or very short term like 1 minute charts, or even ticks?
  • #569
  • Nov 22, 2021 8:33am Nov 22, 2021 8:33am
HTF momentum gives a longer outlook, good for swing trading but indicative for day trading's probability of success. Prevailing momentum is the momentum on the tf the trader is entering the trade on. It is better that the prevailing momentum aligns with the htf momentum if a trader wants to stay longer in the trade or seeks higher reward-to-risk ratio.

KP

Quoting Max0r
{quote} By prevailing momentum, do you mean like much higher timeframe momentum, or market-wide momentum, or something else? As far as short term momentum, do you mean like short term without taking into consideration higher timeframes, or very short term like 1 minute charts, or even ticks?
Do your homework, follow the footprints of smart money
  • #570
  • Nov 22, 2021 8:37am Nov 22, 2021 8:37am
Quoting KeenPips
HTF momentum gives a longer outlook, good for swing trading but indicative for day trading's probability of success. Prevailing momentum is the momentum on the tf the trader is entering the trade on. It is better that the prevailing momentum aligns with the htf momentum if a trader wants to stay longer in the trade or seeks higher reward-to-risk ratio. KP {quote}
Yes, that's exactly what the system seeks to do.
  • #571
  • Nov 24, 2021 8:56am Nov 24, 2021 8:56am
As simply as possible.
  • #572
  • Nov 24, 2021 11:17am Nov 24, 2021 11:17am
carefully.....
  • #573
  • Dec 4, 2021 3:08pm Dec 4, 2021 3:08pm
Im trading by looking at the 21 day (1 month) ATR/volatility and trading pairs on days where they have above average volatility and times of day where the hourly volatility is above average i.e certain sessions that relate to that currency, which to me is very important in intraday trading

volatility too low = no real price movement.

no real price movement then no real profits can be made from point A to point b while trying to clear spread and/or commissions
  • #574
  • Dec 4, 2021 3:28pm Dec 4, 2021 3:28pm
I'm looking for hard breaks and then a pullback to a flip of support and resistance zones.
  • #575
  • Dec 5, 2021 6:09am Dec 5, 2021 6:09am
The nature of time frame would count. The higher the tf the better the result, the more likely you would get a successful trade.

KP

Quoting yanivb
I'm looking for hard breaks and then a pullback to a flip of support and resistance zones.
Do your homework, follow the footprints of smart money
  • #576
  • Dec 5, 2021 6:12am Dec 5, 2021 6:12am
Quoting KeenPips
The nature of time frame would count. The higher the tf the better the result, the more likely you would get a successful trade. KP {quote}
That's right, I agree.

In lower TF you should be more quick with you moves than the higher TF.

A 5m chart moves a hell more quick than the daily
  • #577
  • Dec 5, 2021 8:15am Dec 5, 2021 8:15am
I never thought of this, and find it a nice exercise. My one sentence :

Trading either end of the most significant candle, getting out quickly with a small loss, or slowly with a big win.
  • #578
  • Dec 5, 2021 12:40pm Dec 5, 2021 12:40pm
Interesting - trading break of candlestick close.

KP

Quoting leosfx
I never thought of this, and find it a nice exercise. My one sentence : Trading either end of the most significant candle, getting out quickly with a small loss, or slowly with a big win.
Do your homework, follow the footprints of smart money
  • #579
  • Dec 6, 2021 10:59pm Dec 6, 2021 10:59pm
Quoting nozzer
@the fxguy11, can you post some more charts please, it looks interesting...
Hi Nozzer sorry for the late reply but here is a screenshot of the last trades from each of the major forex pairs.

The blue rectangles represent all the trades that were developed by this trading plan regardless of the outcome of the trade win, lose or excluded for one reason or another.

There are a few instances where different coloured rectangles are used to show where more than one trade appears in that area of the chart.

Just to impart for your edification this is a complete advanced trading plan and not a simple strategy a plan I have used successful and profitable for over 15 years trading the forex market. And as you may gather I am now giving it away in full completely free!

Happy trading folks
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  • #580
  • Dec 7, 2021 3:06am Dec 7, 2021 3:06am
Although your post is off theme, you could have made it more helpful to readers by explaining your charts.

KP

Quoting thefxguy11
{quote} Hi Nozzer sorry for the late reply but here is a screenshot of the last trades from each of the major forex pairs. The blue rectangles represent all the trades that were developed by this trading plan regardless of the outcome of the trade win, lose or excluded for one reason or another. There are a few instances where different coloured rectangles are used to show where more than one trade appears in that area of the chart. Just to impart for your edification this is a complete advanced trading plan and not a simple strategy a plan I have...
Do your homework, follow the footprints of smart money
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