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  • #301
  • Jan 19, 2024 7:17am Jan 19, 2024 7:17am
Quoting Islandfx911
Hi Traders, Today's trade. UJ Long 15m chart. Original SL was 7Pts TP set to 7.5R Locked in +4 {image} Update: TP reached 7.5R
Hello Rob,
Will it be possible for you to show the 4Hr chart of this trade with S/R marked?
Thanks
  • #302
  • Jan 19, 2024 7:21am Jan 19, 2024 7:21am
Quoting Islandfx911
{quote} Hi Mallee, Maybe these charts will help. I always use a 15m and 30m chart to identify trades. {image} {image}
Hi Rob

I may have this wrong but it was my understanding that you first mark support and Resistance on 4Hr charts and then adjust them to 30min and 15min, so I wanted to know did you directly mark these points on 30min and 15 mins or were they 4Hr lines that happened to coincide with 30 mins?

Thanks
  • #303
  • Jan 19, 2024 8:43am Jan 19, 2024 8:43am
Quoting machiyara
{quote} Hi Rob I may have this wrong but it was my understanding that you first mark support and Resistance on 4Hr charts and then adjust them to 30min and 15min, so I wanted to know did you directly mark these points on 30min and 15 mins or were they 4Hr lines that happened to coincide with 30 mins? Thanks
Hi Machiyara,
Attached are 4hr, 1hr and 30m charts. I have not adjusted the lines from 4hr. The trade was an obvious buy.
Hope this helps.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4hr.png Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UJ 1hr.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UJ 30m.png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #304
  • Jan 19, 2024 10:20am Jan 19, 2024 10:20am
Quoting Islandfx911
Hi Traders, Today's trade. UJ Long 15m chart. Original SL was 7Pts TP set to 7.5R Locked in +4 {image} Update: TP reached 7.5R
Hi Rob,
Thanks for posting the multiple timeframe charts that was really helpful.
I am confused about a small thing, the trade that you took the candle appeared on 1:30pm Australia time, however in your charts before you said you trade at 8am and only look for opportunities in the first 1.5 hours, so the question is can we apply this strategy at any time of the day?
  • #305
  • Jan 19, 2024 5:20pm Jan 19, 2024 5:20pm
Quoting machiyara
{quote} Hi Rob, Thanks for posting the multiple timeframe charts that was really helpful. I am confused about a small thing, the trade that you took the candle appeared on 1:30pm Australia time, however in your charts before you said you trade at 8am and only look for opportunities in the first 1.5 hours, so the question is can we apply this strategy at any time of the day?
Hi M,
My MT4 terminal time was 4.30 when I took the trade.
Asian session for me is 3.00 - 4.30
Local time 9.00am - 10.30am. This will change to 8.00am to 9.30am when daylight saving ends in March.

I think I have supplied enough information on this trade and timeframe, lets move on.
Your trade order needs to be in the right place at the right time.
  • #306
  • Jan 20, 2024 12:47am Jan 20, 2024 12:47am
Hi Traders,
Over this weekend I am going to post my system in detail. If there is anything you want to know just ask the question.
I used to keep the system to myself as I thought why should I share it with anyone. After becoming unwell the last thing I wanted was money and my attitude changed.
I have been training a trader in the UK for the last 10 days and found it gratifying. I think the hardest thing about teaching someone is getting them to change their beliefs.
Beliefs are everything in trading, the can be created, reinforced and destroyed sometimes without you even knowing. Years ago I went to a seminar by Louise Bedford. Louise told us a story about a test she did on her husband. Every morning when her husband came down from upstairs ready to go to work she told him you look great today which put a smile on his face and off he went to work. This happened from Monday to Thursday and Louise told us that he was a different person, happy at work and talking positively. On Friday he came downstairs as usual, a smile on his face and as he walked into the kitchen Louise looked him up and down and said "Your not wearing that are you" Poor old husbands face dropped and he was lost for words. His belief that was created on Monday and reinforced through to Thursday had been destroyed in a matter of seconds.

So, how does this story relate to trading and my systems?
It has everything to do with trading and my system.

How many of you believe that 2R targets are what you should be getting on winning trades?
How many of you believe that if the market is trading above a moving average the trend is up?
How many of you believe that using indicators will make you a better trader?

These are just a few beliefs that you have read or been told and reinforced over time and they will destroy your chances of success.
Everything about trading has been designed and calculated to keep you from being successful.

More to follow...
Your trade order needs to be in the right place at the right time.
  • #307
  • Jan 20, 2024 12:58am Jan 20, 2024 12:58am
Hi Traders,
The Trader in the UK I am teaching is learning fast however he has asked a few questions that are not inline with what I am teaching him. (Sorry A to use you as an example) What is happening here is old beliefs are resurfacing which is okay for now but those beliefs will need to be changed if he wants to succeed and that is the hardest part of learning something new.

More to follow....
Your trade order needs to be in the right place at the right time.
  • #308
  • Jan 20, 2024 1:01am Jan 20, 2024 1:01am
Hi Traders,

Can a few of you reading this thread let me know how many trades they do a week?
It's just to show you something that will help you in the future.

Thanks
Your trade order needs to be in the right place at the right time.
  • #309
  • Jan 20, 2024 1:23am Jan 20, 2024 1:23am
hi Islandfx
sorry to hear what's happening to you.
i only wish that your health improves.
what matters now is that you love what you are doing, you are already living a full life.
ITB - Seeing Orderliness amongst 'Randomness'
  • #310
  • Jan 20, 2024 1:25am Jan 20, 2024 1:25am
Hi Traders,
Some of my beliefs.
1. The majority of traders here do not believe that 7.5R is possible on a trade. To quote a saying from a classic Australian film "Tell him he's dreaming"
2. The majority, if not all traders believe that trading without indicators is risky.
3. I believe that indicators are useless and risky.
4. I believe that I can and will get 7.5R on my trades.
5. I believe that you will become that of what you strongly believe in.

So moving on. I will post everything here I believe you require to make you not only successful but a unique trader.
The rest is up to you.
Your trade order needs to be in the right place at the right time.
  • #311
  • Jan 20, 2024 1:34am Jan 20, 2024 1:34am
Quoting Inthebox
hi Islandfx sorry to hear what's happening to you. i only wish that your health improves. what matters now is that you love what you are doing, you are already living a full life.
Many Thanks,
I have accepted my health situation and enjoy each day as best as I can. When you know you have limited time it makes you reevaluate what is important.
You cannot buy extra days.
The advise I give on life is, make memories with your loved ones, learn to forgive, If you love someone tell them every day.
We live in a harsh world but we as individuals don't have to live that way.
Your trade order needs to be in the right place at the right time.
  • #312
  • Jan 20, 2024 1:51am Jan 20, 2024 1:51am
Hi Rob, I just want to thank you for your knowledge and wisdom that you are sharing here. I am your silent reader. I incorporated your system in my trading for the last few weeks and the impact is amazing. I have doubled my small live account for the last 2 weeks with this high probability setup and the only loss I had is when I putting my SL at BE (maybe due to commission).

I have been trading for few years and I really like how you approach the market.

I wish you all the best. Keep posting while you can.
  • #313
  • Jan 20, 2024 1:54am Jan 20, 2024 1:54am
Quoting Islandfx911
{quote} Many Thanks, I have accepted my health situation and enjoy each day as best as I can. When you know you have limited time it makes you reevaluate what is important. You cannot buy extra days. The advise I give on life is, make memories with your loved ones, learn to forgive, If you love someone tell them every day. We live in a harsh world but we as individuals don't have to live that way.
Islandfx, thanks for dropping by. Life sometimes very challenging. All we can do is accept it and surrender and it gives you peace and stillness.
  • #314
  • Jan 20, 2024 1:54am Jan 20, 2024 1:54am
Quoting Islandfx911
Hi Traders, Can a few of you reading this thread let me know how many trades they do a week? It's just to show you something that will help you in the future. Thanks
About 30 Rob, of which I estimate is about 20+ too many. Which is why I end up b/e most of the time.
  • #315
  • Jan 20, 2024 2:08am Jan 20, 2024 2:08am
Quoting Islandfx911
Hi Traders, Can a few of you reading this thread let me know how many trades they do a week? It's just to show you something that will help you in the future. Thanks
On average I take 5-6 trades per week. D, h4, m30 being my favorite timeframes. i dont like going below m30. But I am new so i overtrade and get revenge on the market after losingtrades. that is when i take 10-15 trades.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #316
  • Jan 20, 2024 2:16am Jan 20, 2024 2:16am
Hi Traders,
Okay, down to business.

My system is based on traders beliefs about price at a given time. It also factors in the manipulators that are swinging the market for huge profits each day.

A Tipping point.
Malcolm Gladwell states
A tipping point is a point in time when a group—or many group members—rapidly and dramatically changes its behavior.

So when enough traders believe or have been told or in trading shown that something is expensive traders will start selling. This creates a mass of beliefs that were created at a set price (Resistance) and reinforced as the market trades lower.
As you hop onboard when the market goes down your belief is you were right to sell and you feel good about yourself.
Congratulations you have just been manipulated.

More to follow...
Your trade order needs to be in the right place at the right time.
  • #317
  • Jan 20, 2024 2:20am Jan 20, 2024 2:20am
Quoting melord
{quote} On average I take 5-6 trades per week. D, h4, m30 being my favorite timeframes. i dont like going below m30. But I am new so i overtrade and get revenge on the market after losingtrades. that is when i take 10-15 trades.
Thanks M,
I will wait until a few others reply then show some facts about quantity of trades.
Your trade order needs to be in the right place at the right time.
  • #318
  • Jan 20, 2024 2:27am Jan 20, 2024 2:27am
Quoting Karlorenz14
Hi Rob, I just want to thank you for your knowledge and wisdom that you are sharing here. I am your silent reader. I incorporated your system in my trading for the last few weeks and the impact is amazing. I have doubled my small live account for the last 2 weeks with this high probability setup and the only loss I had is when I putting my SL at BE (maybe due to commission). I have been trading for few years and I really like how you approach the market. I wish you all the best. Keep posting while you can.
Hi K,
I am pleased to hear about your success.
You have adapted to a new way of trading / thinking and deserve the rewards.
Your trade order needs to be in the right place at the right time.
  • #319
  • Jan 20, 2024 2:36am Jan 20, 2024 2:36am
Quoting mallee
{quote} About 30 Rob, of which I estimate is about 20+ too many. Which is why I end up b/e most of the time.
Thanks M,
I will follow up.
Your trade order needs to be in the right place at the right time.
  • #320
  • Jan 20, 2024 2:38am Jan 20, 2024 2:38am
Hi Traders,
Please don't be offended if I shorten your name to a single letter, it's just my eyes are not the best.
Regards R
Your trade order needs to be in the right place at the right time.
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