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Price is Everything Chat Room

  • #1,981
  • Apr 29, 2012 2:49pm Apr 29, 2012 2:49pm
Quoting Tyoon
if only trading was an extreme sport... i suppose it would feel like it if you traded each trade risking 10% or so now that would be one heck of an adrenaline rush price going your way... panic going against.

http://www.youtube.com/watch?v=OzNkVINbdVw&feature=my_liked_videos&list=LLkYJ-mJ3yS4ammBv0r4i5fQ"]http://www.youtube.com/watch?v=OzNkVINbdVw&feature=my_liked_videos&list=LLkYJ-mJ3yS4ammBv0r4i5fQ (http://www.youtube.com/watch?v=OzNkVINbdVw&feature=my_liked_videos&list=LLkYJ-mJ3yS4ammBv0r4i5fQ%22]http://www.youtube.com/watch?v=OzNkVINbdVw&feature=my_liked_videos&list=LLkYJ-mJ3yS4ammBv0r4i5fQ)...
Cool Vid Tyoon (http://www.youtube.com/watch?v=Jwg0dez26AI)..................
Memories caught in time but never forgotten
  • #1,982
  • Apr 29, 2012 7:58pm Apr 29, 2012 7:58pm
Hi all,

Thanks If for posting on J16 about the GBP/AUD. I was going to question you about it and saw your post. I'm mostly trying trade the daily levels and had that one marked. I pulled my P.O. when it stalled for so long and it turned out to be a good thing. Looks like it may try to close the gap?

http://www.forexfactory.com/showthread.php?p=5618797#post5618797
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" I can read the left side of the chart, the right side's a Bitch!
  • #1,983
  • Apr 29, 2012 9:55pm Apr 29, 2012 9:55pm
Quoting Tyoon
here is a fail from the other week.

.. don't mind the note i made to myself on there.

another one from yday. this was not a supply zone but a 1-4h level.

you can see HHs into the level.. buyers really wanted to breakout.. and sure enough they did. think i bailed my short because of this.

..
Thanks for opening my eyes on this (flag before the zone) will save and make me a lot of money in the future as I was holding onto trades for too long in this instance.

(see your comment on first chart)

And yes thanks If for more homework, will post charts again from tomorrow, weekend and Monday are my off trading days.
  • #1,984
  • Apr 29, 2012 10:43pm Apr 29, 2012 10:43pm
Quoting Ifmyante
May I just ask one thing first?

What's a SS zone?

Yes, I'm that thick
If,
Sorry for the late reply. SS is supply, sorry its my own short form back from econs days note scribbling.

Here's my original question for your easy reference:

http://www.forexfactory.com/showthread.php?p=5615210#post5615210
  • #1,985
  • Apr 30, 2012 2:06am Apr 30, 2012 2:06am
Quoting Tyoon
i believe working on the fundamentals is one of the most important things you can do. everything else you do as an SD trader derives from your fundamental skill to identify RBD/DBR and RBR/DBD. you know, as they say.. working on an house with weak foundations is hopeless.

when i was doing this the other weekend i found a pattern that would break the SD zones.. it was all about price arrival.. when you look at all those zones that failed and succeeded.. look at how the candles behave on arrival.. you start to see a pattern.

i'll probs do a...
Good to see you back sir. If has set some cool homework again.

Red Army!
  • #1,986
  • Apr 30, 2012 4:44am Apr 30, 2012 4:44am
Quoting Fx7877
If,
In relation to the chart & homework, may i ask if a SS zone is invalidated if the price bar cuts straight thru without respecting it?

Also, see my other question in the chart. Just wanted confirmation from experienced traders like you. Thanks
That's a good set of questions

Can you get a good idea of what was going on by the LTFs?

All are welcome to join in and explain what happened here
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  • #1,987
  • Apr 30, 2012 5:37am Apr 30, 2012 5:37am
i don't mean to distract from IF's homework.. just posting some doodles/analysis.. sometrader might find this of some use.

study on reversals and continuations. i believe it is vital to know the difference when watching PA in zones.

..
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  • #1,988
  • Apr 30, 2012 7:07am Apr 30, 2012 7:07am
My 2 $
They are all valid zone [on first touch since price is clearly going up, cleaning the supply], previously demand , now supply; price is going straight thru without respecting it ? For me price is still respecting that zone but as supply.If you zomm on ltf you'l see clearly; and you can see clearly on the charth that If has posted a clearly little RBD dynamics and how price have respeted that zone later.
And on my charth you see why price have stopped in that zone
my 2 $, for what they are worth.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #1,989
  • Apr 30, 2012 7:11am Apr 30, 2012 7:11am
Quoting beebolbod
Good to see you back sir. If has set some cool homework again.

Red Army!
Welcome back, hope you have enjoyed france.

Quoting Tyoon
i don't mean to distract from IF's homework.. just posting some doodles/analysis.. sometrader might find this of some use.

study on reversals and continuations. i believe it is vital to know the difference when watching PA in zones.

..
That's pure GOLD, thank you.
Sometime the horizon disappear. Twitter: @_whiteout
  • #1,990
  • Apr 30, 2012 12:44pm Apr 30, 2012 12:44pm
CP LQ into S
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  • #1,991
  • Apr 30, 2012 2:18pm Apr 30, 2012 2:18pm
Month's trading's over for me

Up 43%, on minimal risk

Hope it all went well for the rest of you
  • #1,992
  • Apr 30, 2012 2:24pm Apr 30, 2012 2:24pm
Quoting Ifmyante
Month's trading's over for me
Up 43%, on minimal risk
Hope it all went well for the rest of you
my little demo is up 35%, lucky month, but i have to work a lot on my trades..too much noise, too much early entry; a long trip and i am still at the beginning.
Sometime the horizon disappear. Twitter: @_whiteout
  • #1,993
  • Apr 30, 2012 2:29pm Apr 30, 2012 2:29pm
Quoting whiteout
my little demo is up 35%, lucky month, but i have to work a lot on my trades..too much noise, too much early entry; a long trip and i am still at the beginning.
I'm absolutely delighted

News like that should raise everybodys' spirits
  • #1,994
  • Apr 30, 2012 2:34pm Apr 30, 2012 2:34pm
Quoting Ifmyante
Month's trading's over for me

Up 43%, on minimal risk

Hope it all went well for the rest of you


figures like that serve as inspiration.
  • #1,995
  • Apr 30, 2012 2:38pm Apr 30, 2012 2:38pm
Quoting whiteout
my little demo is up 35%, lucky month, but i have to work a lot on my trades..too much noise, too much early entry; a long trip and i am still at the beginning.
tremendous work . I have nowhere near that for the month. i'm risking too little i've realised.
  • #1,996
  • Apr 30, 2012 3:00pm Apr 30, 2012 3:00pm
These figures is what it is all about!

I have an ideal % fixed in the forefront of my mind of how much I want to make per month. I will persist until it's an ease for me.
  • #1,997
  • Apr 30, 2012 3:12pm Apr 30, 2012 3:12pm
Ive added a Profit Calculator for some added inspiration. Just adjust the very 1st cell to whatever dollar amount youd like to start an account with.
Attached File(s)
File Type: xls CompoundInterestCalculator.xls   1.4 MB | 519 downloads
DM if you have any questions
  • #1,998
  • Apr 30, 2012 4:52pm Apr 30, 2012 4:52pm
Quoting beebolbod
tremendous work . I have nowhere near that for the month. i'm risking too little i've realised.
35%, 25%, 15% or 100%...they are just number until you know "for real" what you are doing and why, until you know the very essence of the market, until you have a real damn confidence whit it; i don't like how i trading now, yeah a lucky month but...more luck than brain, that's why i am here, to learn.

Quoting Tyoon
These figures is what it is all about!

I have an ideal % fixed in the forefront of my mind of how much I want to make per month. I will persist until it's an ease for me.
Quoting Ryanmcd
As far as taking about making 10% a month or whatever, it depends on how much money you really need. If I am trading a 3 million $ account I don't need 10% a month but I like to get a little more if I see good trades setup. Again you will have slow month where you may make 2-300 then some months will be 6-700+. I say don't set a goal just take the trades that look good to you because setting a goal could run you into problems say in the last week of the month you start pressing trades to make that goal. If you look back I had the +300 goal in about...
I' have read this some time ago. i agree whit the guy.
Sometime the horizon disappear. Twitter: @_whiteout
  • #1,999
  • Apr 30, 2012 5:21pm Apr 30, 2012 5:21pm
Goals are necessary in trading but I'm wary of setting PIP goals as this could lead to one taking unnecessarily risky trades just to reach a PIP goal. I think goals should be in relation to sticking to one's rules about when, why and how a trade will be entered and exited. The goal should be to take the valid trades presented. And to complete the homework IF assigns to us!

Calculating one's future profits I think is mental masturbation. Yeah if feels good but it's not the real thing.

I am thankful for what I have made and yes I hope to make more but it will occur one trade at a time, right here, right now...not tomorrow, or in one week or in one year.
  • #2,000
  • Apr 30, 2012 5:45pm Apr 30, 2012 5:45pm
Quoting whiteout
35%, 25%, 15% or 100%...they are just number until you know "for real" what you are doing and why, until you know the very essence of the market, until you have a real damn confidence whit it; i don't like how i trading now, yeah a lucky month but...more luck than brain, that's why i am here, to learn.
I share exactly the same feelings. Until you are comfortable with the market and you enter and exit trades with absolute conviction numbers don't mean anything. I imagine a lot of people who have a successful trading week or even month think they've cracked the market and they end up depositing large amounts of money which in reality they are not ready for it at all. I personally don't focus on figures or pips at all. I'm willing to take what the market gives me.
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