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Level in Level out

  • #201
  • May 7, 2023 7:23am May 7, 2023 7:23am
Quoting nadi-fx
Week in review... We were blessed with five level to level trade opportunities to deal with in sideway action. FOMC/NFP week and no real breakout occurred... NFPs dust still is not settled tho, and that is why I kept my buy position open hoping for bullish continuation. Produced two winners +140/+80... one stop hit -30... one BE and one pending, in profit for 20 at zero risk as of now. Overall, a successful week with surpassing the weekly goal and beyond. However, as you all know some of us did not trigger on the buy trade and I was one of them....


Great post.
I would love you to keep sharing with us your ideas and trading style. I have been around the markets for 13 years and have become a trader with steady and consistent profits, but there is always something new to learn in this business and I like you're approach to trading. I will still trade how I trade but its nice to try something different every now and again and I've been looking for a strategy for the 4H time frame.

You are correct that there is nothing new in trading most of youtube is re-cycled garbage and it makes me sad when people turn up out of the blue and post in threads with arrogant attitudes saying how you are doing it wrong or you are showing nothing new.

If it works and is profitable it does not matter how you trade the markets and if you want to share that information you should be able to do that too with out people being disrespectful.

Keep posting as I find your trading approach interesting and you have a few nice fellow traders interested too. Hopefully we can keep a nice friendly thread going between us.

Good luck to everyone this week.

I like to prep my charts before looking at yours to see if I am getting it right. So far so good.
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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #202
  • May 7, 2023 7:38am May 7, 2023 7:38am
Trading is a single person's business.
You do not need anyone to tell you how to trade.
You do not need anyone to accept your method or system.
You do not need authorization from anyone.
All YOU need is YOUR COMMITMENT and DISCIPLINE.

It's all about YOU.

cpfleger
without patience how can you be a trader?
  • #203
  • May 7, 2023 7:41am May 7, 2023 7:41am
Quoting Steverino832
Trading is a single person's business. You do not need anyone to tell you how to trade. You do not need anyone to accept your method or system. You do not need authorization from anyone. All YOU need is YOUR COMMITMENT and DISCIPLINE. It's all about YOU. cpfleger
So true.
Oneself is the only Holy Grail.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #204
  • May 7, 2023 9:15am May 7, 2023 9:15am
A question, would you consider these levels to place limit orders? I like to go for the extreme ones.

BTW, friendly thead.
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He bought? Dump it!
  • #205
  • May 7, 2023 9:47am May 7, 2023 9:47am
Quoting nadi-fx
Week in review... We were blessed with five level to level trade opportunities to deal with in sideway action. FOMC/NFP week and no real breakout occurred... NFPs dust still is not settled tho, and that is why I kept my buy position open hoping for bullish continuation. Produced two winners +140/+80... one stop hit -30... one BE and one pending, in profit for 20 at zero risk as of now. Overall, a successful week with surpassing the weekly goal and beyond. However, as you all know some of us did not trigger on the buy trade and I was one of them....
Thank you for your efforts here! The 2nd of May there was a minor level which was not mentioned although the reaction was similar to that of the level we are trading right now - any reason for that?

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  • #206
  • May 7, 2023 1:41pm May 7, 2023 1:41pm
Quoting Seabreeze
{quote} Great post. I would love you to keep sharing with us your ideas and trading style. I have been around the markets for 13 years and have become a trader with steady and consistent profits, but there is always something new to learn in this business and I like you're approach to trading. I will still trade how I trade but its nice to try something different every now and again and I've been looking for a strategy for the 4H time frame. You are correct that there is nothing new in trading most of youtube is re-cycled garbage and it makes me...
Thank you for warming words.

Shout out to member Jewel for letting it go.
... that's what we do here... focus and stay the course.
Stay the Course
  • #207
  • May 7, 2023 1:42pm May 7, 2023 1:42pm
Quoting Steverino832
Trading is a single person's business. You do not need anyone to tell you how to trade. You do not need anyone to accept your method or system. You do not need authorization from anyone. All YOU need is YOUR COMMITMENT and DISCIPLINE. It's all about YOU. cpfleger
Well said Steve.
Stay the Course
  • #208
  • May 7, 2023 1:48pm May 7, 2023 1:48pm
Quoting ifurlan
A question, would you consider these levels to place limit orders? I like to go for the extreme ones. BTW, friendly thead. {image}
Hi furlan,
The 9100 LV, to me is expired. Falls into my two weeks filter...
.. but it's up to you... as long as you can test it and give up only 30 its worth a shot.

I personally stay very discipline to that filter.

GL
Stay the Course
  • #209
  • Edited 2:08pm May 7, 2023 1:56pm | Edited 2:08pm
Quoting Go5
{quote} Thank you for your efforts here! The 2nd of May there was a minor level which was not mentioned although the reaction was similar to that of the level we are trading right now - any reason for that? {image}
Hi Go,
That is a minor level. That level was approached with a lot of heat from earlier bounce (the buy trade that I missed by a hair). on that on i treated as a one that wait & see how PA reacts to it which after a doji it shot up quickly. if it had hoovered around it for serval candles and I was able to get in at the right price up top I would have test it.
There is a difference between testing a level at possible PAs exhaustion and at its peak. This was at its very peak.
I don't do that often nor like it... I rather test and give up 30 to not mis a ride.

GL
Stay the Course
  • #210
  • May 7, 2023 2:58pm May 7, 2023 2:58pm
Market opens in about an hour.
You guys think we will get a big gap or normal one?
.. or your overall forecast for the upcoming week feel free to share.
Stay the Course
  • #211
  • May 7, 2023 3:06pm May 7, 2023 3:06pm
It closed the market at a quiet point in the range, so there should not be any large gaps. But in forex... who knows.
  • #212
  • May 7, 2023 3:10pm May 7, 2023 3:10pm
My own take is I am not sure if there will be a big gap, just a normal small one even though is come off of a big announcement's week.
As far as the market is concerned there is not a whole lot of news for EU and dollar this week... I except more of sideway action in the same range as last two weeks. visiting peaks and valleys will work great for us or at least that's what I am hoping for... with that said I still think the NFP dust is not settled yet and a visit to peak at 10845 is a good possibility... but who knows, this beat is unpredictable.
Stay flexible and trade at face value is what I value the most.

GL
Stay the Course
  • #213
  • May 7, 2023 3:12pm May 7, 2023 3:12pm
Quoting gerval
It closed the market at a quiet point in the range, so there should not be any large gaps. But in forex... who knows.
Agree.
..but price takes a breather before bursting.
Stay the Course
  • #214
  • May 7, 2023 3:19pm May 7, 2023 3:19pm
Quoting nadi-fx
{quote} Agree. ..but price takes a breather before bursting.
Many highs matched above call them like honey, so as you say they could maintain the range for a while and create liquidity, until they go to both sides of the range.
  • #215
  • May 8, 2023 1:31am May 8, 2023 1:31am
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May have missed by .7 of a pip. but will wait and see how it looks at the 4 hour close and London open
Its all just one persons opinion
  • #216
  • May 8, 2023 1:51am May 8, 2023 1:51am
Quoting axecap
{image} May have missed by .7 of a pip. but will wait and see how it looks at the 4 hour close and London open
.....and short activated
Its all just one persons opinion
  • #217
  • May 8, 2023 10:15am May 8, 2023 10:15am
Quoting axecap
{quote} .....and short activated
I guess it is at breakeven now?
Mine is
  • #218
  • May 8, 2023 10:16am May 8, 2023 10:16am
Quoting Jewel1996
{quote} I guess it is at breakeven now? Mine is
I've moved my stop to breakeven as well.
  • #219
  • May 8, 2023 10:26am May 8, 2023 10:26am
Me too
  • #220
  • May 8, 2023 2:46pm May 8, 2023 2:46pm
Also buy limit activated.
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