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Real Trading

  • #5,081
  • Dec 10, 2021 12:46am Dec 10, 2021 12:46am
Quoting Inthebox
ga long set up {image}


The set up looks similar to AUD USD



Attached Image (click to enlarge)
Click to Enlarge Name: au 014.jpg Size: 102 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,082
  • Dec 10, 2021 1:05am Dec 10, 2021 1:05am
Quoting Inthebox
ga long set up {image}

GA


Still, got to be cautious on this pair set up as it may want to filled up the gap before the week ends, as to find enough liquidity to push her up


Attached Image (click to enlarge)
Click to Enlarge Name: ga 002.jpg Size: 175 KB
I come from the future.
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  • #5,083
  • Dec 10, 2021 1:12am Dec 10, 2021 1:12am
Quoting Pat Chiko
{quote} GA Still, got to be cautious on this pair set up as it may want to filled up the gap before the week ends, as to find enough liquidity to push her up {image}
GA

This is how I see the pair , as it need to fill up the gap below.

The set up, the SL and target as per chart.

Not a prediction but going thru trade set up process.

Regards

PAT


Attached Image (click to enlarge)
Click to Enlarge Name: ga 003.jpg Size: 99 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,084
  • Dec 10, 2021 1:19am Dec 10, 2021 1:19am
Quoting Pat Chiko
{quote} GA Still, got to be cautious on this pair set up as it may want to filled up the gap before the week ends, as to find enough liquidity to push her up {image}
cautious yes.
protect entry.
still do not know what does the negative gbp gdp means.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,085
  • Dec 10, 2021 1:26am Dec 10, 2021 1:26am
GU


Not in any position ATM.

But, I may want to go long, if this set up present herself later.

Still set up process is important for us to understand before taking any trade.

Just be discipline and patience waiting for her to come.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 133.jpg Size: 138 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,086
  • Edited 1:37am Dec 10, 2021 1:26am | Edited 1:37am
Quoting Pat Chiko
GENERAL QUESTION to traders. The question is ,"How do you evaluate the USD strength in the market?" Is it from a fundamental point of view, (I'm not talking about economic releases) Do we use intermarket relationships? How do u know it's safe to enter a trade in an up or a down trend? Look forward for some answer. Thanks PAT
"How do you evaluate the USD strength in the market?" Is it from a fundamental point of view, (I'm not talking about economic releases) Do we use intermarket relationships?

I usually follow ICT, he used to see USD index and do the against in other currencies but the issue is i dont follow USD as the range of dollar and other pairs its not the same, in nutshell while USD suppose to do some thing GBP can move twice in that while so i cannot totally relate and last time when took your opinion it was the same analyze one pair and trade it accordingly as chart speaks to us. (below a chart between USD and GU for reference)

It is difficult to say buy low, is the low the right thing or buy high is the right thing when it is already in strength
Attached Image (click to enlarge)
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How do u know it's safe to enter a trade in an up or a down trend?
As per my understanding price reacts to Time, i.e. asian high low, lodon open and close, and NY opens it turn to fills old imbalances at these times and moves by talking liquidity in these times, and create new imbalances while moving to fill at later time.

The best time is when it fills a FVG/imbalance/price inefficiency with reference to above times.
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"Exchange of hands"
  • #5,087
  • Dec 10, 2021 1:37am Dec 10, 2021 1:37am
Quoting Inthebox
{quote} cautious yes. protect entry. still do not know what does the negative gbp gdp means.
sl hit.
was looking for resistance turning support.
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Click to Enlarge Name: 2021-12-10_15-35-13.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,088
  • Dec 10, 2021 1:40am Dec 10, 2021 1:40am
asian low is taken, and london about to start
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"Exchange of hands"
  • #5,089
  • Dec 10, 2021 1:46am Dec 10, 2021 1:46am
ga long again on asia low liquidity grab
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,090
  • Dec 10, 2021 1:51am Dec 10, 2021 1:51am
Quoting bilal1947
asian low is taken, and london about to start {image}
Hi Bilal,

H4 Could have the answer??

But, there again maybe not

It all comes down to "probabilities"

Personally I see more Probability in Buying as things stand
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Dec 21 GBP_USD H4 Observations_20211210_07.06.png Size: 78 KB
  • #5,091
  • Dec 10, 2021 1:53am Dec 10, 2021 1:53am
Quoting Pat Chiko
For those who has been following me My trading looks like this: 1) Small loss 2) Small loss 3) Small profit 4) Small loss 5) Small profit 6) Huge profit Most would have given up at #5 Trading Expectancy is calculated as (probability of win x average win) - (probability of loss x average loss). By simply eliminating the larger losses brings down the average loss figure, and thereby increasing the trading expectancy. It's simple maths!


Fundamental vs. Fundamental work


Fundamental analysis is when you choose to become a position/long term trader, then maybe your 'fundamental work' would involve fundamental analysis(interest rate/inflation/etc) ..


Fundamental Works is when you have to prepare all aspects of your trading style ..

The interpretation of what 'fundamental work' would mean to:
-a suitable trading style
-a suitable money management/risk management style
-a suitable trading timeframe
-a suitable mindframe.

Judging at your circumstances, the best way you can trade is scalping in a time when you are free to stare at the computer, or trade daily charts and hold longer term.

There is a holy grail for everyone.
There is no one holy grail that fits everyone.

Wish all of you the best


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,092
  • Dec 10, 2021 1:56am Dec 10, 2021 1:56am
Quoting stevepatt
{quote} Hi Bilal, H4 Could have the answer?? But, there again maybe not It all comes down to "probabilities" Personally I see more Probability in Buying as things stand {image}

Sharing the same thought process on this.

I've marked it as SRF level when I want to go LONG by LO or when seeing rejection/bounce off that level

Thanks Steve for sharing the thought here.


PAT

Attached Image (click to enlarge)
Click to Enlarge Name: gu 134.jpg Size: 104 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,093
  • Dec 10, 2021 2:02am Dec 10, 2021 2:02am
Quoting Pat Chiko
{quote} GA This is how I see the pair , as it need to fill up the gap below. The set up, the SL and target as per chart. Not a prediction but going thru trade set up process. Regards PAT {image}

GA


Short

Attached Image (click to enlarge)
Click to Enlarge Name: ga 004.jpg Size: 95 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,094
  • Dec 10, 2021 2:04am Dec 10, 2021 2:04am
Quoting Pat Chiko
{quote} The set up looks similar to AUD USD {image}

AU

add

Attached Image (click to enlarge)
Click to Enlarge Name: au 015.jpg Size: 112 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,095
  • Dec 10, 2021 2:11am Dec 10, 2021 2:11am
Stop trying to be perfect.
Start being consistent.

When you stop caring what anyone thinks of you.
You have reached a dangerously awesome level of freedom.

Start by becoming more disciplined in life...


Stay safe and Trade with Discipline and Patience.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,096
  • Dec 10, 2021 2:29am Dec 10, 2021 2:29am
Quoting Pat Chiko
Stop trying to be perfect. Start being consistent. When you stop caring what anyone thinks of you. You have reached a dangerously awesome level of freedom. Start by becoming more disciplined in life... Stay safe and Trade with Discipline and Patience. Regards PAT
There is no holy grail, if there was everyone would use it and that can't be, you need winners and losers, just don't be one of the losers...again 50/50 win or lose
  • #5,097
  • Dec 10, 2021 2:41am Dec 10, 2021 2:41am
What the hell. Everyone is here. Whats going on people ?

seemed to me is nice thread with some experts.
Fools Rushing
  • #5,098
  • Dec 10, 2021 2:42am Dec 10, 2021 2:42am
Quoting Pat Chiko
{quote} Fundamental vs. Fundamental work Fundamental analysis is when you choose to become a position/long term trader, then maybe your 'fundamental work' would involve fundamental analysis(interest rate/inflation/etc) .. Fundamental Works is when you have to prepare all aspects of your trading style .. The interpretation of what 'fundamental work' would mean to: -a suitable trading style -a suitable money management/risk management style -a suitable trading timeframe -a suitable mindframe. Judging at your circumstances, the best way you can trade...

Can the edge of an individual be the holy grail ?
Fools Rushing
  • #5,099
  • Dec 10, 2021 2:44am Dec 10, 2021 2:44am
Quoting Pat Chiko
{quote} Sharing the same thought process on this. I've marked it as SRF level when I want to go LONG by LO or when seeing rejection/bounce off that level Thanks Steve for sharing the thought here. PAT {image}

GU

Long scalp

Attached Image (click to enlarge)
Click to Enlarge Name: gu 137.jpg Size: 108 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,100
  • Dec 10, 2021 2:47am Dec 10, 2021 2:47am
Quoting MTF Test
{quote} Can the edge of an individual be the holy grail ?

Every time I see the words Holy Grail I think of this quote.

"The Search for the Holy Grail"
Chris Tate


I', writting it now.

Give me a bit to correct the bad grammer in my english.....

,. ,,,,,,,,,,,,,,,,,.................................................................................................................................................

Most are familiar with the Christian myth surrounding the Grail and the search for it by knights of the round table.

Top traders have numerous features in common, they are organized, disciplined, self reliant, analytical.

All of these are characteristics of individuals who excel in any en devour but there is one characteristic that truly sets them apart.

They are all grown ups, this may seem like a somewhat facetious remark but top traders realize that ultimately their success or more importantly failure comes down to them as individuals.

Traders who look for the Grail are looking for an external crutch to lean on and to blame when things go wrong, these are the same sort of people who blame their broker when a trade goes wrong.

If you have chosen to take someone else's advice or you believe that indicators are all there is to trading then that is your problem no one else's.

No magic indicator will save you from yourself and your own folly.

What will save you is an understanding that internal problems such as a lack of discipline or an inability to accept personal responsibility for your trading cannot be solved by some external solution such as downloading hundreds of indicators for either your MT4/MT5 or Metastock packages."


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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