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  • #3,701
  • Jul 11, 2012 2:31pm Jul 11, 2012 2:31pm
Quoting Tyoon
I think I explained a bit here.
shit.... look how close this was... something i marked out myself. Almost snap Ty. Only you got yours.
Been out all day (fucking life man, too busy right now and really screwing with my trading/analysis/head). I have tenants in a house i rent (the only house i rent btw) and their cats have pissed all over the place..... JEEEEEEZZZZUUUUSSSSS. Oh and it's over 120 miles away. So i spend 5 hours driving to discover my piss soaked house.

On the plus side i stuck 11% in the bag with another limit i'd set short. 6 pip SL too. hehehe. I still got it (sometimes). And i hate limits too. Maybe i should start to like 'em a bit more.

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  • #3,702
  • Jul 11, 2012 2:33pm Jul 11, 2012 2:33pm
This is some EU analysis.
My only concern is that the monthly/weekly demand zones that we are approching has already been tested several times, however I drilled down on lower TF (couldn't go any lower then 15/30 min because of the data) and found a potential fresh demand zone... So I will see if price come to the marked level (see 30min chart). If so, then I'll watch PA

Comments are always welcome,
Mel
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  • #3,703
  • Jul 11, 2012 2:34pm Jul 11, 2012 2:34pm
I have downloaded this book (http://www.scribd.com/doc/487508/Jesse-Livermore-How-To-Trade-In-Stocks-Original-1940-Edition) today. Read the first 100 pages in a rush. Published in 1940, could have been written yesterday. Very instructive, especially the part of "you idiot, keep a record of your trades"; i am quite sure that i don't do this properly, and i have to correct this bad attitude.
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,704
  • Jul 11, 2012 2:35pm Jul 11, 2012 2:35pm
Quoting kruger
EU long from M5 last clean D...
...and the master of Premature Evacuation himself - me
i bought the H4 QM on silver and prematurely evacuated by mistake this morning. There were no shameful apologies tho, only rage at my clumsiness. As it turned out it was still a decent profit but still... i was clumsy.
  • #3,705
  • Jul 11, 2012 3:00pm Jul 11, 2012 3:00pm
Quoting whiteout
"you idiot, keep a record of your trades"
Something I have began to do is start the day by thinking of possible scenarios; 'what kind of day could it be (ranging, trending, breakout, reversal, ping pong)?'.. 'if that happened then that could happen'.. ect. In this way you are 'stretching' and engaging your mind for many possibilities instead of creating a bias. Then mark out the levels and note how they are relevant to other levels and other sessions. Note all this thinking down pre-session.

When London opens, exercise the scenario thinking.. each move or 'dynamic' plays a part in another proceeding move. Take each level as they come and think of a few scenarios that can happen from there. Do not over think it though. Note this thinking down intra-session.

When the day has finished look over your pre-session and intra-session thinking and compare it with what the market did (post-session). In this way you can extract your pros and cons. Enforcing the pros and correcting the cons.

This is a lot of work.. it takes an extra hour or so out of your day.. but its worth it. Just an idea.
  • #3,706
  • Jul 11, 2012 3:34pm Jul 11, 2012 3:34pm
Quoting Tyoon
Something I have began to do is start the day by thinking of possible scenarios; 'what kind of day could it be (ranging, trending, breakout, reversal, ping pong)?'.. 'if that happened then that could happen'.. ect. In this way you are 'stretching' and engaging your mind for many possibilities instead of creating a bias. Then mark out the levels and note how they are relevant to other levels and other sessions. Note all this thinking down pre-session.

When London opens, exercise the scenario thinking.. each move or 'dynamic' plays a part in another...

Tyoon,

I love your post! This is such a good idea actually. Not one of the easiest way to do an analysis but forces one to look at every possible scenario, I guess.
Will write this down and try to use it before the London sessions.

Thanks for posting it,
Mel
  • #3,707
  • Jul 11, 2012 3:44pm Jul 11, 2012 3:44pm
Quoting Tyoon
Something I have began to do is start the day by thinking of possible scenarios; 'what kind of day could it be (ranging, trending, breakout, reversal, ping pong)?'.. 'if that happened then that could happen'.. ect. In this way you are 'stretching' and engaging your mind for many possibilities instead of creating a bias. Then mark out the levels and note how they are relevant to other levels and other sessions. Note all this thinking down pre-session.

When London opens, exercise the scenario thinking.. each move or 'dynamic' plays a part in another...
Eh...is more than a good idea, is somethingh that i have to do, necessarly...and not only this; even at this stage of my education, if i wonna follow the trading path, i have to toss aside the way that i live and work like an old socks.
I love to work all night and maybe sleep during the early mornig..and maybe do the opposite on the next day, i can manage my work as i prefere and i am more productive in this way and i really like it, i am a real "well organized" disorganized guy but... this way of living + trading ?? can't work.
Need to retail more time - and this is not a problem - and need to trade everyday at the same time whit discipline.
[discipline is my big wall, not greed in my case]
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,708
  • Jul 11, 2012 3:46pm Jul 11, 2012 3:46pm
Quoting @mel
I love your post! This is such a good idea actually. Not one of the easiest way to do an analysis but forces one to look at every possible scenario, I guess.
Will write this down and try to use it before the London sessions.
I hope it helps.

Essentially.. instead of recording your trades, record the thinking behind the trades. That is the part that really matters. This also then separates the thought-out trades from the emotional trades.
  • #3,709
  • Jul 11, 2012 4:22pm Jul 11, 2012 4:22pm
Quoting Tyoon
I hope it helps.

Essentially.. instead of recording your trades, record the thinking behind the trades. That is the part that really matters. This also then separates the thought-out trades from the emotional trades.
I'm assuming you pick only a couple of pairs for this? Or all your broker offers?
  • #3,710
  • Jul 11, 2012 4:38pm Jul 11, 2012 4:38pm
Quoting beebolbod
I'm assuming you pick only a couple of pairs for this? Or all your broker offers?
I do it on every pair and instrument under the sun. Redbull is the answer.

Nah, really I have only been doing it on either eu or gu. As I aim to target at least 30p a day for now.. one pair is all I need for that.
  • #3,711
  • Jul 11, 2012 5:39pm Jul 11, 2012 5:39pm
I've been compiling a word file when I found some useful links, so there are two methods to download the historical data to MT4, method #1 is a direct download and depends on your broker's max available historical data, and it might slow down your PC, thus method #2 is preferred and recommended.


Method #1:

In order to download quotes from the History Center in your MetaTrader 4 terminal, please follow the steps described below:

1.Firstly, increase the 'max bars in history' in MetaTrader 4 by clicking on Tools>Options>Charts and entering '9999999999999'. Be aware that using larger volumes of data will increase the load on your PC.

2.Go to the 'History Center' in MetaTrader 4 by clicking on Tools>History Center.

3.Choose the time-frame for the particular instrument you are interested in (for example, double-click on EURUSD|1 min), double click on it and press Download.

MetaTrader 4 should now download the full history of M1 quotes for the specific instrument selected directly from the History Center and import it into MT4.



Method #2:

Follow the steps in here (http://thetrademachine.com/blog/2009/09/29/set-up-metatrader-history-data-get-90-backtesting-quality/) to download the historical data and instead of step #1 i recommend FXDD History Center (http://global.fxdd.com/en/mt1m-data.html) for a better M1 data quality and history back to 2005, for a second choice Forex Tester Data Sources (http://www.forextester.com/data/datasources.html) older history back to 2001 if i'm not wrong but poor M1 data quality.

Next, instead of step 2 & 3 go to your MT4 folder in program files and copy it, then paste it in another location i.e. LocalDisk C:, and rename it to whatever you like i.e. MT4 HD.

Now follow step 4 then double click on ’terminal’ in the main folder to run the program, clear your login id and password from the login window and click on login, then close all open charts.

Skip steps 5 & 6 and start with step 7 till last step.

finito :nerd:
Sniffing Snake's Tracks...
  • #3,712
  • Jul 11, 2012 6:49pm Jul 11, 2012 6:49pm
Quoting FX.Sniffer
I've been compiling a word file when I found some useful links, so there are two methods to download the historical data to MT4...
Excellent article! Thanks for sharing this. Definitely earns 5 Nerds out of 5: :nerd: :nerd: :nerd: :nerd: :nerd:

You can also get historical tick data from Dukascopy. They are reputed to have very high quality historical data. Just open a 30 day demo account and you will get access to download everything they have. I did this about 8 months ago.

Fair warning though: tick data files are much larger than M1, so each import operation may take quite some time.

The instructions I followed were not nearly as well written as your link, and they are a bit more complex. But here's where I got them in case anyone wants a third method: http://eareview.net/tick-data

Mega pips to all!
Luck occurs when preparation meets with opportunity.
  • #3,713
  • Jul 11, 2012 6:56pm Jul 11, 2012 6:56pm
Some trades i didn't take very well, but were all good setups :/

As you can see - my issue really REALLY is closing good trades FAR too early.
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- Look to the left, Trade to the right - I am the system
  • #3,714
  • Jul 11, 2012 7:04pm Jul 11, 2012 7:04pm
I know most of you guys know this, but I have to post it.

Once again, TO THE TENTH OF A PIP!!! From TWO YEARS AGO!!!!

Makes me wish I could be around during the day to actually take these trades, instead of being at my J.ust O.ver B.roke. But that day is coming ever nearer...
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Luck occurs when preparation meets with opportunity.
  • #3,715
  • Jul 11, 2012 7:35pm Jul 11, 2012 7:35pm
Quoting Ifmyante
Nice work

We have 3 options here. Wish I had LTF for where price is now, to see just how good Supply is here, as we've just had a breakout of a daily bufl, compressed as it us
Hi all, just came across this thread a couple days ago and my eyes are being opened. Many thanks to Ifmyante and to everyone here!

Here is a 15M chart of the AUDCHF from the May 2010 period. I think that I have marked 2 supply zones correctly...
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Here is a supply area further to the left...
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Also, see the weekly chart below as this area was touched a number of times back in 2008.
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  • #3,716
  • Jul 11, 2012 10:11pm Jul 11, 2012 10:11pm
eye opener thread...nothing more to add

here is something i am pondering upon at the moment
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #3,717
  • Jul 11, 2012 10:39pm Jul 11, 2012 10:39pm
Quoting djambazov84
eye opener thread...nothing more to add

here is something i am pondering upon at the moment
Here's another perspective to AU
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Fall seven times, stand up Eight! #GGMU
  • #3,718
  • Jul 11, 2012 11:45pm Jul 11, 2012 11:45pm
This time I'm determined not to exit before TP. No premature evacuations
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- Look to the left, Trade to the right - I am the system
  • #3,719
  • Jul 12, 2012 2:39am Jul 12, 2012 2:39am
Quoting FX.Sniffer
[color="RoyalBlue"]I've been compiling a word file when I found some useful links, so there are two methods to download the historical data to MT4, method #1 is a direct download and depends on your broker's max available historical data, and it might slow down your PC, thus method #2 is preferred and recommended.


Method #1:

In order to download quotes from the History Center in your MetaTrader 4 terminal, please follow the steps described below:

1.Firstly, increase the 'max bars in history' in MetaTrader 4 by clicking on Tools>Options>Charts...
OM effing G.

Thanks for this. Very useful and something that's been high on my list to sort out. Saved me a lot of work.
  • #3,720
  • Jul 12, 2012 3:07am Jul 12, 2012 3:07am
Forgot i'd set this one.... dont want to post 'after the fact' trades but this one has another potential setup soon.

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