Romancing the Price

previously didn't close sell as i was hoping it may travel to lower level.. when it didn't look like then i took a buy for scalp but it went bit further than sc..

instead of closing both i closed buy only atm.. let see how many pips will be wasted..

closed lower one..




closed the remaining one..

closed lower one atm..

my third 1000+ trade on gold to date.. closed 1052p.

managed to close few trades today

AUDJPY
closed lower..




closed remaining..



CADJP
closed 1 here and remaining one bit lower



USDCAD



GBPUSD



EURJPY



CHFJPY

excuse the messy chart.. there are quite few leftover diagonals..

today has been mostly metals and crude other than some odd scalps..

i was heavy on crude and gold.. when i see and feel the opportunity i like to go for the kill.. am i always right.. unfortunately not.. however, when i'm wrong i cut them as quickly as possible.. minimum ratio i work with 2 to 1..

closed upper one..

closed upper one..

closed..

closed..

closed.. perhaps bit early..

closed 1 atm..

closed most..

trade and a bit..

closed..

closed remaining..

I have a few comments to say about "Kenny" and "RTP" and style of posts and his trades. Im sure he recieves a lot of PMs on how he enterse a trade, how he does thsi that etc.. Ken is not obliged to tell anything - but he has explained quite a number of times what triggers a trade. He doesnt post entries as they are made - he is not a signal service and he has said hes busy.

What could possibly make him take a trade? I have talked with him before and he is looking for probability trades. He is looking for price levels in which there could be a probability for price to respect the level aka a reaction.

We as traders are given a lot of tools to analyze a trading opportunity. Fibonaacci ratios + trendlines and s/d zones are what kenny uses frequently. Pattern recognition too possibly. Price has order and chaos is only to the blind. Even if ken shares his templates or charts to you beforehand - it wont make you succesful. You need to romance price in your own way.

as he has said he doesnt win every trade but that is trading. larger wins over losses is key to success. Kenny has found his own way to romance price in his own style. I see many posts about why Kenny this why kenny that. Ken has certain ways to read price movements and simply emulating (trying to) will not get you anywhere. Why sometimes it hard to gain info from others it is because in the end it is you and the chart and price. Others are just in between.

A way to go is to work hard and have a hard effort in you and a drive to try and find ways to understand price movement. Each of us will differ in our style of understanding and the reading of buying/selling pressure in our very own ways. Redsword and Kenny are different for sure. So is Ifmyante. So is dropped onion. So are many others. You will get nowhere copying any of them.

There is no hidden pattern or holy grail candle formation. there is only hard work - and results from the hard work. Or the opposite.

Take care everyone i wish everyone success and happiness for many days to come


Buma


PS:

I am no lawyer and not trying to be i am expressing a view about this all. I hope Ken is fine with this post otherwise i will delete it if he is not fine with it.

The act of asking yourself why a trader took a trade does not mean you are copying them, rather you are learning from them. Ken is kind enough to leave a lot of clues in his posts with little or no explanation leaving you to put the pieces together yourself - that in itself has been very beneficial for me.

There is nothing wrong with studying the posts from the traders you admire and discussing it with others, because in the end you are going to develop your own style anyway based on what you've learned.

Just my thoughts. Hope your doing well Buma man.

For fuck's sake guys just drink brandy and all will be cristal clear.