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The Long and Winding Road of Trading Journey

  • #61
  • Jan 10, 2022 8:55pm Jan 10, 2022 8:55pm
watching
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ITB - Seeing Orderliness amongst 'Randomness'
  • #62
  • Jan 11, 2022 8:19am Jan 11, 2022 8:19am
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #63
  • Jan 11, 2022 11:46am Jan 11, 2022 11:46am
Quoting Inthebox
result {image}
short continuation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #64
  • Jan 11, 2022 2:30pm Jan 11, 2022 2:30pm
Watching gbpjpy, perfect QML x2? Looks intresting .. too obvious/easy or am I missing something? - impulse compression, impulse copression etc, next should be impulse down. Currently LTF in squeeze, waiting for more cleaner BOS to scale in.

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  • #65
  • Edited 5:32pm Jan 11, 2022 4:12pm | Edited 5:32pm
Quoting Chrissk
Watching gbpjpy, perfect QML x2? Looks intresting .. too obvious/easy or am I missing something? - impulse compression, impulse copression etc, next should be impulse down. Currently LTF in squeeze, waiting for more cleaner BOS to scale in. {image}
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those wicks and engulfings really tricked me this time, off to sleep ^^
157.5-157.77 as last resort for me for favorable shorts if current zone doesent hold.
  • #66
  • Jan 11, 2022 7:37pm Jan 11, 2022 7:37pm
looking to short
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ITB - Seeing Orderliness amongst 'Randomness'
  • #67
  • Jan 11, 2022 7:40pm Jan 11, 2022 7:40pm
Quoting Chrissk
Watching gbpjpy, perfect QML x2? Looks intresting .. too obvious/easy or am I missing something? - impulse compression, impulse copression etc, next should be impulse down. Currently LTF in squeeze, waiting for more cleaner BOS to scale in. {image}
currently not able to break previous day high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #68
  • Jan 11, 2022 11:54pm Jan 11, 2022 11:54pm
summary
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ITB - Seeing Orderliness amongst 'Randomness'
  • #69
  • Edited 12:51am Jan 12, 2022 12:13am | Edited 12:51am
Quoting Chrissk
{quote} {image} {image} those wicks and engulfings really tricked me this time, off to sleep ^^ 157.5-157.77 as last resort for me for favorable shorts if current zone doesent hold.
Quoting Inthebox
{quote} currently not able to break previous day high. {image}
Should have taken something off or set a TP + breakeven but was asleep :X. Risk was low and comfortable when the tight SL got runthrough like it should be so all good. Should have used the higher POI SL definetly though when theres no time to monitor. Tip for next time! Right now I was part of the yesterdays / last swing high liquidity. Nice to see still that the trade run 20 pips into a decent profits & expected marked liquidity area before reversing. Exacty the 157.070 got tagged which i had marked as a previous key level / break block on the chart on previous post.

Anyways looking at those liq grabs playing out im still assuming they wanna go down aggressively - buyers taken out and then sellers taken out.
Right now the bullish momentum seems to be slowing down still after yesterdays high (liq) got grabbed.
So the initial plan - shorts favorable until 157.77 (is in the play) and also goes well in hand with the textbook entry in this thread.
Adding another short in with higher POI SL in the mind this time and lookin forward to next sessions.
London might be able to give some actual clues / LTF optimal trade entry.

Well see!

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  • #70
  • Jan 12, 2022 12:49am Jan 12, 2022 12:49am
Quoting Chrissk
{quote} {quote} London might be able to give some actual clues / optimal trade entry. Id like to see some clean impulsive LTF BOS & pullback retest and it should be exactly as the textbook picture in this thread. Well see! {image} {image}
my trades are all underwater. hope it's not all in vain. well as long overall green for the week, no complain.
when trading in non peak london and new york session, each of my entry is only one fifth of my usual lot.
this allowed for bigger stop loss.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #71
  • Jan 12, 2022 1:20am Jan 12, 2022 1:20am
Quoting Inthebox
{quote} my trades are all underwater. hope it's not all in vain. well as long overall green for the week, no complain. when trading in non peak london and new york session, each of my entry is only one fifth of my usual lot. this allowed for bigger stop loss. {image}
Yeh exactly, very good tip! I definetly implement this into my trading plan cause im already blessed with having Asia session (usually lowest volume session) as my sleep time and most of the times Asian lows + highs SL liquidity is my actualy entry/TP on London/NY session so theres definetly no need to trade all the time or even when theres beautiful opportunity thats been waited for weeks - one should always add SL based on HTF when in doubt or wait for higher volume session. Knowing when to walk away & stay out of the market is so crucial.
  • #72
  • Jan 12, 2022 1:29am Jan 12, 2022 1:29am
usd index bounce?
only thing a bit worried is that it is the 4th bounce.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #73
  • Jan 12, 2022 2:36am Jan 12, 2022 2:36am
London starts out promising with grabbing Asia highs & beautiful 30m wick close.
Now waiting for impulsive trendline break to scale in some bigger positions.

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  • #74
  • Jan 12, 2022 3:09am Jan 12, 2022 3:09am
cad strongest today
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ITB - Seeing Orderliness amongst 'Randomness'
  • #75
  • Jan 12, 2022 3:33am Jan 12, 2022 3:33am
Quoting Chrissk
London starts out promising with grabbing Asia highs & beautiful 30m wick close. Now waiting for impulsive trendline break to scale in some bigger positions. {image}
Watching gbpjpy still.
Can it break through this old ob which grabbed liquidity?
Decision point for me to get some more short positions in.
Can also make retracement to London high which grabbed Asian highs and then drop.
Lets see!

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  • #76
  • Jan 12, 2022 3:57am Jan 12, 2022 3:57am
Quoting Chrissk
{quote} Watching gbpjpy still. Can it break through this old ob which grabbed liquidity? Decision point for me to get some more short positions in. Can also make retracement to London high which grabbed Asian highs and then drop. Lets see! {image}
those already in the trade can take partial profit and put to BE.
the ob zone is today's low. would be ranging first if to break below.
then consider add on upon retrace to retest broken trend line.
if coming down again, would be 4th touch of minor support.
i am aiming around slightly lesser than the 50 or 38 fib.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #77
  • Jan 12, 2022 4:11am Jan 12, 2022 4:11am
do you realize that after FF did the notification update, buddies and threads under your subscriptions, did not update and notify with new posts like previously.
ITB - Seeing Orderliness amongst 'Randomness'
  • #78
  • Jan 12, 2022 4:30am Jan 12, 2022 4:30am
for educational purposes. - trend continuation trades.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #79
  • Jan 12, 2022 4:49am Jan 12, 2022 4:49am
Quoting Inthebox
{quote} those already in the trade can take partial profit and put to BE. the ob zone is today's low. would be ranging first if to break below. then consider add on upon retrace to retest broken trend line. if coming down again, would be 4th touch of minor support. i am aiming around slightly lesser than the 50 or 38 fib. {image}
Ye I agree, always good to take something off the table and or/trail SL in key areas when theres reason to/opposite side reaction. Especially as we dont really see impulsive push through the bullish OB.
I usually try to use LTF like 5m to trail the SL (really underrated and powerful tool) alot as well behind the minor structure high/low, so I give atleast a chance for market to move lower/suddenly drop through. Sometimes price is willing to go alot more lower than expected and these drops happen quite often. Really powerful especially after the days/sessions of low volatility followed by London/NY OTE. So many stops sitting around in tight areas that will trigger the big runs.
If the trailing gets taken out worst case scenario i still get a small profit and if LTF retracement is in play i can scale back in the profits so basically risk free trades with better position. If You get a big run while using trailing SL based on a really clean bearish/bullish 5m/1m structure then the % gains/profits can be ridiculously high or atleast more than expected. E.g monday GBPJPY Asian-London overlap OTE. The volatility was so low/price squeezed tightly but still showed willingness to go lower (breaking LTF structure & retesting OB with wicks) and as we know after low volatility comes high and then low again etc.
  • #80
  • Jan 12, 2022 5:04am Jan 12, 2022 5:04am
would be nice to take partial profit if scalping m5.
i could not. i take a look in between during the midst of preparation cooking for dinner.
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ITB - Seeing Orderliness amongst 'Randomness'
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