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Going for it

  • #241
  • Nov 23, 2022 2:21am Nov 23, 2022 2:21am
Quoting PatrickStar
I believe this is a volume based indicator so its kinda reliable, but we have to use our own discretion into all of our analysis. lets create a rule based system for a start. this is how my screen looks. {image} Candles are blue on 4H so it tells me that directional bias is to the long side. and the obv indicator also showing green, just tells me that its still on bulls territory. Now that i have a bias or direction, i will look into 15M winows to find a better entry for a tight SL. and as we see, candle is still yellow, tellin me that it's still...
If there is anything for me to take with me from that its those gray zones you got there.
Thats something usefull maybe.
Id work on that some more maybe.
My signature is: "Classified".
  • #242
  • Nov 23, 2022 2:25am Nov 23, 2022 2:25am
Quoting PatrickStar
do anything but buy daily looks like its going free fall. 4Hr is about to break structure, nice if you have some sort of filter to avoid noise when market start shaking the weak hands. Perfect to sell on fakey.
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Oh really? Well i guess it depends on how long you held it...
My signature is: "Classified".
  • #243
  • Nov 24, 2022 4:35am Nov 24, 2022 4:35am
It takes A LOT of patience and a lot of vigilance.
Fight time i got it, hit a homerun for 20 pip.
The others are still profits except one that is -2 pip
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My signature is: "Classified".
  • #244
  • Nov 24, 2022 4:37am Nov 24, 2022 4:37am
Thats EET time for you who want to see exactly what i did.
My signature is: "Classified".
  • #245
  • Nov 24, 2022 4:42am Nov 24, 2022 4:42am
The trick is to check youreself.
Its the important, difficult part.
Am i stressed out or frustrated?
In that case can i handle a loss and close that fucker down and not get fucked in the head about it?
Am i focused on the task?
I know the stakes.
I know the plan.
My signature is: "Classified".
  • #246
  • Nov 29, 2022 5:17am Nov 29, 2022 5:17am
Attached Image (click to enlarge)
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I will never give up.
This is what i do.
Its impossible to fail.
Death is a temporary reset.
My signature is: "Classified".
  • #247
  • Nov 29, 2022 5:25am Nov 29, 2022 5:25am
I must have traded something like 10.000 live positions.
At least 500 of those where complete misstakes like i accidentaly pushed the buy/sell button or close button.
Some of them where of the complete wrong lot size.
I remember one in 2010 that was 10 times the intended lot size...
I paid A LOT MORE in spread then i would have wanted to.
Its cool that i have half the spread that i did in 2011.
On the other hand it moved twice as much back then...
My signature is: "Classified".
  • #248
  • Nov 29, 2022 4:40pm Nov 29, 2022 4:40pm
Quoting yaed
I must have traded something like 10.000 live positions. At least 500 of those where complete misstakes like i accidentaly pushed the buy/sell button or close button. Some of them where of the complete wrong lot size. I remember one in 2010 that was 10 times the intended lot size... I paid A LOT MORE in spread then i would have wanted to. Its cool that i have half the spread that i did in 2011. On the other hand it moved twice as much back then...
wow you have been doing this for ten years?!
are you consistently profitable now?
  • #249
  • Dec 1, 2022 2:52am Dec 1, 2022 2:52am
Quoting PippityPips
{quote} wow you have been doing this for ten years?! are you consistently profitable now?
It depends on for how long you would consider "consistent".
I mean 3 months, yes.
Nothing lasts forever, not even stars...
Or so the astrophyscisits say...
My signature is: "Classified".
  • #250
  • Dec 1, 2022 3:20am Dec 1, 2022 3:20am
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My signature is: "Classified".
  • #251
  • Dec 1, 2022 3:24am Dec 1, 2022 3:24am
Attached Image (click to enlarge)
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Something like 8 positions closed today so far...
Not realling having a grip on things as of yet.
A LOT of action during US open yesterday, as seen on H1.
My signature is: "Classified".
  • #252
  • Dec 1, 2022 3:38am Dec 1, 2022 3:38am
Attached Image (click to enlarge)
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My signature is: "Classified".
  • #253
  • Dec 1, 2022 4:22am Dec 1, 2022 4:22am
Hi Yaed

May I ask you which levels represent the blue lines?

Thank you in advance.
Enter Signature
  • #254
  • Dec 1, 2022 7:08am Dec 1, 2022 7:08am
Quoting Katfx
Hi Yaed May I ask you which levels represent the blue lines? Thank you in advance.
Its just places that price seem to react to. I change those as things move along.
My signature is: "Classified".
  • #255
  • Dec 2, 2022 5:01am Dec 2, 2022 5:01am
Quoting yaed
{quote} Its just places that price seem to react to. I change those as things move along.
Hello bro, are you using supply-demand zones in your trading? I’m just curious to know!
  • #256
  • Dec 2, 2022 7:08am Dec 2, 2022 7:08am
Quoting AbdullahBin
{quote} Hello bro, are you using supply-demand zones in your trading? I’m just curious to know!
yes
My signature is: "Classified".
  • #257
  • Dec 4, 2022 5:26pm Dec 4, 2022 5:26pm
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Quoting AbdullahBin
{quote} Hello bro, are you using supply-demand zones in your trading? I’m just curious to know!
I dont necessarily call them that.
I dont necessarily call anything by any particular name.
As long as a name is just a sound, it dont much matter which sound we make about anything.
And the letters we make are symbols for the sound.
I dont know if you are following this... If you get it.
I dont know if you have a developed interest in philology, linguistics, logic that kind of thing.
I mean that it might not at all be important whether or not i call something "supply-demand zone"
What might be interesting though is how i would calculate such a thing.
And what i would do with it.
And that my friend i think i have tried to explain.
A lot, here.
If there is any more particular question you have, please feel free to ask it.

In general if i want to say anything about something like this. i use a chart.
Preferably a current chart.
So those lines i place are aproximations of levels i would want to keep track of.
Lets say a weekly high or low, those isnt something that ANY trader of ANYTHING would want to ignore.
At least to my mind.
And i think there are thousands of rather wealthy traders that would agree.
Some things that are old school seem like it will always matter.

Why on the other hand people seem to want to disregard M1, that to me is a mystery.
Since if price moves roughly 120 pip/day up or down, as long as it often moves 30 pip in 60 seconds, to me it would be INSANE to ignore M1, since you often cant see that kind of moves on D1 for example.
To regard 30 pip out of 120 as "noise" seem insane to me.
Thats kind of like ignoring the first 2 seconds of how a racecar gets to 100 miles per hour.

I have no go grasp of how to be profitable using only H4 or D1 charts.
Its a mystery to me.
And not one mystery im willing to direct much of my attention to.
I know what i need to focus on, and its not that.
Its M1 mainly.

Its not an absolute given that i will either sell or buy or do anything at all at those levels.
But i know A LOT of people are looking at them, basing theyr decisions on that.
So i want to keep track of them.
My signature is: "Classified".
  • #258
  • Dec 4, 2022 5:44pm Dec 4, 2022 5:44pm
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We havent had more then one hour of strong selling since the 28th of November, at which time we had 8 consequtive hours of rather strong selling.
To me that means that if we again get just one hour of selling, that dont mean much, it needs to be a more sustained selling with a lower low on H1.
Before i would want to say its time to have more confidence in selling.
My signature is: "Classified".
  • #259
  • Dec 5, 2022 4:05am Dec 5, 2022 4:05am
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Instead of getting up for some trading i should have stayed in bed.
This is as much fun as making love to a piece of granit in sub zero temperature.
Nobody is in it.
Nobody is biting.
Nothing is going on, fast, and A LOT.
Fuck this!
My signature is: "Classified".
  • #260
  • Dec 5, 2022 4:52am Dec 5, 2022 4:52am
Quoting yaed
{image} {quote} I dont necessarily call them that. I dont necessarily call anything by any particular name. As long as a name is just a sound, it dont much matter which sound we make about anything. And the letters we make are symbols for the sound. I dont know if you are following this... If you get it. I dont know if you have a developed interest in philology, linguistics, logic that kind of thing. I mean that it might not at all be important whether or not i call something "supply-demand zone" What might be interesting though is how i would calculate...
Well, I believe one minute trading chart is so important to the day traders; but maybe swing traders are ignoring this small time frame because of high volatility!
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