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  • #3,221
  • Edited 2:12pm Jan 28, 2011 12:11pm | Edited 2:12pm
Quoting unlv_tj
Yea, I am still working to get better at this, and one thing I seem to have accomplished is patience. If I don't understand a set-up I don't take it.

But the trades you post are beautiful, and I understand them in hind sight, but I didn't see them coming.

Lots of work to do
Having patience is a great skill to have...better to be patient and discplined than gung ho

Things always seems easier in hindsight...I was the same, could never see things in real time but would always see them in hindsight and understand them...it just comes from lots of chart watching and practice then eventually the setups become second nature and you have the confidence to take them as you know what will and won't work (in terms of probabilities).
  • #3,222
  • Jan 28, 2011 1:28pm Jan 28, 2011 1:28pm
Quoting lovejoy80
Having patience is a great skill to have...better to be patience and discplined than gung ho

Things always seems easier in hindsight...I was the same, could enver see things in real time but would alwasy see them in hindsight and understand them...it just comes form lots of chart watcging and practice then eventuall ythe setups become second nature andyou have the confidence to take tehm as you know what will and wont work (in terms of probabilities).
Yea, it has taken me a long time to just learn patience and discipline.

I am 32 and I hope trading is in my future. I can almost fund a full sized trading account right now, from working 2 jobs for 10+ years. But I don't have the skills yet, and I think that just comes with chart time and that will just take some time with my busy schedule.

I certainly have some of your charts saved on a thumb drive and I look over them in my free time. Your trading is so impressive to me. You seem to be a mix between Jarroo and Raczek. A little more agressive than Jarroo (at least what he posts) but not as agressive as Raczek and it is very impressive to say the least.

Thank you for sharing your hard work here!
  • #3,223
  • Jan 28, 2011 4:10pm Jan 28, 2011 4:10pm
Quoting unlv_tj
Yea, it has taken me a long time to just learn patience and discipline....
Having the funds is part of the battle...trying to turn a small account into a large account is not easy trust me I've been there...starting with a big account where the pressure is not as great is much easier.

I don't know too much about Jarroo, but I do use his posts as a reference pont to check I've not missed anything obvious in terms of areas to bewatching out for on pairs I've maybe not looked at in detail - his charts are the best I've seen and his explanations about price is spot on.

Raczekfx is generally more of a swing trader and over a longer term generally than I am,he is very experienced at chart watching and can pick up little anomalies in the market to trade upon...he has some great intraday trading methods too which is pretty much the basis of my trading, but yes he is more aggressive as where I prefer to take well defined techincal setups he generally like to swing trade and has more appetite for risk than me.

It's all about finding what suits your own personality as everyone is different and has a different mindset.

It is all about chart time...the more time you go over past setups and getting a feel for them the more confident you will get at picking them out in the present time...it's a slow process (well it was for me ) to go from seeing setups after the event to seeing and beig confident to trade setups in real time. I still look at my charts at the end of each week and save all setups I should have taken into a folder and look at the market as a whole to determine its current driving forces. I feel constant reviewing and analysing helps me keep abreast of the current market conditions.

All the best
  • #3,224
  • Jan 28, 2011 4:26pm Jan 28, 2011 4:26pm
Quoting squeezy
ha! love ur e-mini entry ....... lol
nice trading Mark
Thought you'd be in on this.
  • #3,225
  • Feb 1, 2011 7:29am Feb 1, 2011 7:29am
Quoting lovejoy80
Having patience is a great skill to have...better to be patient and discplined than gung ho

Things always seems easier in hindsight...I was the same, could never see things in real time but would always see them in hindsight and understand them...it just comes from lots of chart watching and practice then eventually the setups become second nature and you have the confidence to take them as you know what will and won't work (in terms of probabilities).
Well said, I'am @ the moment spending lots of hours analyzing and understanding the setups in hindsight and hopefully one day I'll be able to see these setups in realtime and have the confidence to trade them like you do. Keep up the good work
Pipcrawler
  • #3,226
  • Feb 1, 2011 7:36am Feb 1, 2011 7:36am
I just wanted to share 2 (demo)trades I took today.
1. U-J: break of multiple bar lows
2. my first touch trade on Gold, trying to preempt a possible break of a 2-day PB @ discount price
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Pipcrawler
  • #3,227
  • Feb 1, 2011 3:58pm Feb 1, 2011 3:58pm
Quoting xmzhang
I just wanted to share 2 (demo)trades I took today.
1. U-J: break of multiple bar lows
2. my first touch trade on Gold, trying to preempt a possible break of a 2-day PB @ discount price
Nice trade on UJ.

Something's got to give on gold...falling TL and PPZ very close so I'd be watching carefully.
  • #3,228
  • Feb 1, 2011 4:14pm Feb 1, 2011 4:14pm
Mark what do you mean by PPZ (price...zone)?

West Texas Oil, hmmm for shorts....Brent was not what people thought is was, emerging markets didnt help it and with Egypt problems as well. I dont want to ramble and get into funnymentals. What I like the most are disciplined setups for all of us, and love the fact that Mark (lovejoy80) uses the "R" Id love to post my setups if all are welcome to it, but would like some opinions from others also.
DM if you have any questions
  • #3,229
  • Feb 1, 2011 4:16pm Feb 1, 2011 4:16pm
Quoting jkrick33
Mark what do you mean by PPZ (price...zone)?

West Texas Oil, hmmm for shorts....Brent was not what people thought is was, emerging markets didnt help it and with Egypt problems as well. I dont want to ramble and get into funnymentals. What I like the most are disciplined setups for all of us, and love the fact that Mark (lovejoy80) uses the "R" Id love to post my setups if all are welcome to it, but would like some opinions from others also.
PPZ is Price Pivot Zone, a term dervied at the J16 thread I believe a name for support / resistance zones.
  • #3,230
  • Feb 1, 2011 4:24pm Feb 1, 2011 4:24pm
I've decided to affectively stop posting at FF. The original purpose of my journal was a method for me to keep a log of my trades as a means to learning from my mistakes and also as a way to remind myself during the lean times of what is achievable. But I've realised that I do not need a log of my trades anymore and that my spare time could be better served doing other things.

If some people have learned / progressed their trading from reading some of my posts then all the better and it's a positive sidfe affect of my journal, IMO this thread contains all one needs to know to trade in a similar style to how I succesfully trade. The hard part is controlling your mind not learning the methods.

I wish everyone who have I encountered here on FF the best of luck in their trading endeavours .

I'll leave you with 3 no-brainer touch trade setups from this week.

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  • #3,231
  • Feb 1, 2011 4:30pm Feb 1, 2011 4:30pm
Thank you LJ, once again...You gave us lots of good stuff!
All the best
See u soon...
  • #3,232
  • Feb 1, 2011 4:43pm Feb 1, 2011 4:43pm
Just missed that GBP/CHF last night, caught the USD/CHF short instead.

Excellent charts and huge thanks for your contribution.
  • #3,233
  • Feb 1, 2011 5:06pm Feb 1, 2011 5:06pm
Legendary thread imo. You will be missed. Thanks Lovejoy!
  • #3,234
  • Feb 1, 2011 9:32pm Feb 1, 2011 9:32pm
LoveJoy80, thank you for all the help in this thread! For anyone else, my inexperience in looking at what he had posted for GBP/CHF and its perfect 61.8 fib setup for a short entry vs. what I have posted is flipped, and this is where I am trying to learn. I would have taken the entry at the RED ARROW, and this is something I shouldnt do, because in hindsight I like the entry for the short at the fib level with minimal risk, should I not be drawing a fib for longs here, when trend is short on the higher timeframes? Risk is...maybe 30-50 pips? 2-3%
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DM if you have any questions
  • #3,235
  • Feb 2, 2011 12:21am Feb 2, 2011 12:21am
Thank you lovejoy for everything! This thread has been great! Hope you change your mind soon.
  • #3,236
  • Feb 2, 2011 12:24am Feb 2, 2011 12:24am
Thanks for all your effort thus far - the thread will be a sad loss to my daily reading digest

All the best - Bon Chance - this time next year we'll be......

PS took the GBP/CHF - was lready short on the general trend so just added to iot but the others are genius and no brainers at the same time.... very much the ilk of your thread!!!!
  • #3,237
  • Feb 2, 2011 11:54am Feb 2, 2011 11:54am
Damn, first a blizzard in KC of epic porportions and now my favorite trader on FF is saying audios.

Lovejoy, I hope you stop by the forum time to time, I greatly appreciate all the knowledge you have shared here. Your thread was the first I read everytime I opened up FF.

If you ever want to get into teaching this professionally, stop back by here and create a commercial thread. Your insight and ability to show others is remarkable.

T.J.
  • #3,238
  • Feb 2, 2011 1:34pm Feb 2, 2011 1:34pm
Good thread. I have lurked it here and there. If it's going to end, I will have to re-read everything from page 1

Thanks for doing this for nearly a year. Your techniques are very similar to the way I have developed my own version of j16.
Many choose unhappiness over uncertainty.
  • #3,239
  • Feb 2, 2011 3:36pm Feb 2, 2011 3:36pm
Thank you Man for so amazing journal, real study guide for PA newbies and also informative book of charts for others.
Yep, i've read your thread everyday. It will be always one of my favorites threads in trading forums.
Good luck mate!
Per aspera ad astra
  • #3,240
  • Edited 6:53pm Feb 9, 2011 6:36pm | Edited 6:53pm
Hi, LJ! I hope, that you sometimes see you thread. =)
Can you advise, why i must not to take this trade opportunity on EurGbp (RN,PPZ,PB)?

And else one question. If you see good enter point on for example EUR/JPY, do you look at eur/usd and usd/jpy to see support/resistance level and make decision? Or you look other JPY pairs?
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