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The Long and Winding Road of Trading Journey

  • #21
  • Dec 31, 2021 11:49pm Dec 31, 2021 11:49pm
Quoting kamikazen
{image}
going into the new year, join me with trade setup or trade call and show result later.
what i am more interested to see is people showing potential setups so that the rest can comment on it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #22
  • Jan 1, 2022 9:31pm Jan 1, 2022 9:31pm
potential setup.
just observing. may not trade it.
supply demand refined from ltf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #23
  • Edited 10:46pm Jan 1, 2022 10:35pm | Edited 10:46pm
case study.
if a ltf qml failed - means that the HTF momentum is against it or market is looking for a HTF QML.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #24
  • Jan 2, 2022 4:10am Jan 2, 2022 4:10am
potential trade setup
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ITB - Seeing Orderliness amongst 'Randomness'
  • #25
  • Jan 2, 2022 5:18am Jan 2, 2022 5:18am
Quoting Inthebox
potential trade setup {image}
Sir , how will you trade this setup? will you wait for market structure shift on LTF or any other confirmation , asked just for education
  • #26
  • Jan 2, 2022 5:45am Jan 2, 2022 5:45am
Quoting AlfieSolomon
{quote} Sir , how will you trade this setup? will you wait for market structure shift on LTF or any other confirmation , asked just for education
1. if you have no time to monitor, limit order on top, bottom or 50% of supply zone.
2. candlestick - pin bar or engulf.
3. ltf structure break and retrace to supply.
Attached Images
ITB - Seeing Orderliness amongst 'Randomness'
  • #27
  • Jan 2, 2022 9:24am Jan 2, 2022 9:24am
case study.
another 2 features of high probability qml trades - the filling up of liquidity void or imbalance and compression.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #28
  • Edited 5:19pm Jan 2, 2022 1:23pm | Edited 5:19pm
Quoting Inthebox
{quote} going into the new year, join me with trade setup or trade call and show result later. what i am more interested to see is people showing potential setups so that the rest can comment on it.
Any opinions about GBPJPY?
Some thoughts i have..
Current higher timeframe confirmations: Daily/weekly double top liquidity grab, monthly + weekly divergences, inside monthly BB, weekly BOS/quasimodo if counting candle bodies only, weekly OB, previous daily key (support) level with round number -156, Fib 60-80% (optimal trade entry) retracement from daily/weekly perspective and daily big wick/doji close.

If long term view is bullish then still those equal lows can be taken out before breaking 158 again or if not then 154.5 (daily BB+OB) can still be a retest area (currently possible 100+ pips retracement) before breking 158.

Currently waiting for shift in 4H/1H market structure (BOS-es) to even consider taking shorts.
Right now i see 4H + 1H divergences, first breaks/changes in trend(line) ascent and daily wick/doji close into 4H BB+OB combo.
If confirmed shift happens then looking for simple LTF OTE-s like Judas Swing and looking for potential 100+ pip run as first target. If 156 gets destoryed then next POI for shorts would be 158 for me, depends how price behaves.
Will keep updated if I happen to see LTF entry.

Daily bearish view here:
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  • #29
  • Jan 2, 2022 5:44pm Jan 2, 2022 5:44pm
Quoting Chrissk
{quote} Currently waiting for shift in 4H/1H market structure (BOS-es) to even consider taking shorts. Right now i see 4H + 1H divergences, first breaks/changes in trend(line) ascent and daily wick/doji close into 4H BB+OB combo. If confirmed shift happens then looking for simple LTF OTE-s like Judas Swing and looking for potential 100+ pip run as first target. If 156 gets destoryed then next POI for shorts would be 158 for me, depends how price behaves. Will keep updated if I happen to see LTF entry. Daily bearish view here: {image}
let's see.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #30
  • Jan 2, 2022 9:22pm Jan 2, 2022 9:22pm
able to break resistance?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #31
  • Jan 3, 2022 5:33am Jan 3, 2022 5:33am
Quoting Inthebox
{quote} let's see. {image}
not bad
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ITB - Seeing Orderliness amongst 'Randomness'
  • #32
  • Jan 3, 2022 5:38am Jan 3, 2022 5:38am
Quoting Inthebox
potential setup. just observing. may not trade it. supply demand refined from ltf. {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #33
  • Jan 3, 2022 6:16am Jan 3, 2022 6:16am
i experimented with smaller lot size due to the festive seasons period, volume being thin.
for eg. normal lot size 1 lot equivalent to smaller size 0.2 x 5 times, 0.25 x 4 times, etc.
1 lot SL is 30 pips. 0.2 lot can afford 150 pips. if another 0.2 lot is added can afford 75 pips based on average cost of the 2 trades etc. if further 0.2 lots are added SL has to be recalculated.
i find the experience rather relaxing having more than enough time to reaccess the chart properly, not too worried on SL being hit.

i had one such experience with gold. it was way too much for me to afford the SL if i trade the normal way. i was able to turn around the losing trades with smaller lot size.
ITB - Seeing Orderliness amongst 'Randomness'
  • #34
  • Jan 3, 2022 6:30am Jan 3, 2022 6:30am
Quoting Inthebox
{image}
Quoting Inthebox
potential trade setup {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #35
  • Jan 3, 2022 7:37pm Jan 3, 2022 7:37pm
Dear ITB,

Inserted Video


Is this guy any good? He seems to teach QML MPL Imbalance and Compression etc etc. Exactly what this thread is about? Plus he sounds local haha
  • #36
  • Jan 4, 2022 12:20am Jan 4, 2022 12:20am
Quoting benjamintoh8
Dear ITB, https://www.youtube.com/watch?v=3f_Y...-MyD67&index=3 Is this guy any good? He seems to teach QML MPL Imbalance and Compression etc etc. Exactly what this thread is about? Plus he sounds local haha
he is ok easy to understand.
yes speaking on subject matter. he is malaysian.
i am going through his videos too.
ITB - Seeing Orderliness amongst 'Randomness'
  • #37
  • Edited 2:37am Jan 4, 2022 2:22am | Edited 2:37am
Quoting Chrissk
{quote}If long term view is bullish then still those equal lows can be taken out before breaking 158 again or if not then 154.5 (daily BB+OB) can still be a retest area (currently possible 100+ pips retracement) before breking 158.
Quoting Inthebox
{quote} let's see. {image}
Barely "got" the 100 pips retracement to take out 2 London lows, but didnt feel comfortable participating since it left Asia high there without taking it out.
Though if one trades Asia session (which I dont) there was the perfect LTF entry into NY 1M OB which broke several structures after reaching/reacting to key level 156. Also London retracement into Asia OB could work if the idea is to take out Asia lows as first target - 2 equal Asia lows.
Perhaps i should be a bit more flexible with my entry/sl criterias or atleast use lower lot size like you suggested if theres only one missing thing/holiday cause everything else lined up perfectly @ LTF along with daily + 4H dojis into key level. Really nice to see atleast the "worse case scenario"/ 100 pip first target playing out even though I didnt take part of it. Was expecting a bit lower drop into 154.5 or so but ye.. barely wicked 154.9 gotta take what the market gives ya, shows that the bullish momentum is still really strong.

Now looking forward to Your quasimodo setup or 158 as POI.


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  • #38
  • Jan 4, 2022 2:38am Jan 4, 2022 2:38am
Quoting Chrissk
{quote} {quote} Now looking forward to Your quasimodo setup or 158 as POI. {image}
my supply zone is between 156.50 and 157.00.
ITB - Seeing Orderliness amongst 'Randomness'
  • #39
  • Jan 4, 2022 7:12am Jan 4, 2022 7:12am
how hard is trading just because none of the targets got hit?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #40
  • Jan 4, 2022 7:40pm Jan 4, 2022 7:40pm
i started demo trade on 27dec21.
i could not connected to the server anymore.
thought that i show the performance so far.
my intention is to consistently getting 20% return per month, trying for 3 weeks of win against one week of loss.
i always advocate beginners to use small units because it's a long and winding road of trading journey.
because without capital by blowing accounts one cannot keep on trading. it's call capital preservation.
maybe later on i shall do a demo again using one of the old accounts.
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ITB - Seeing Orderliness amongst 'Randomness'
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