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Trading Price Levels

  • #21
  • Mar 18, 2013 2:01am Mar 18, 2013 2:01am
subscribed, tq
  • #22
  • Mar 18, 2013 6:22am Mar 18, 2013 6:22am
Quoting FerruFx
Could you please show an example on chart with an entry at candle close and where you would set your TP/SL in this case.

Thank you.
please see charts below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu entry.png Size: 26 KB
Click to Enlarge Name: ej entry.png Size: 13 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #23
  • Mar 18, 2013 6:28am Mar 18, 2013 6:28am
Quoting rezky
Hello Sam ...I see that you're using 4H time frame for major level.

What is your recommended time frames for mini and medium levels ?
i do scalp sometimes on 15M,but there is no clear rules,use pure price action
Money is made by sitting, not trading. Jesse L. Livermore
  • #24
  • Mar 18, 2013 6:34am Mar 18, 2013 6:34am
pending buy @94.36, [email protected],tp @96.46
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 20 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #25
  • Mar 18, 2013 7:09am Mar 18, 2013 7:09am
Quoting sam69
please see charts below
That makes perfect sense now.

Thanks.
MT4/MT5 EAs/Indicators/Alerts coder
  • #26
  • Mar 18, 2013 8:45am Mar 18, 2013 8:45am
Hi


How mutch is your sl and how mutch is your tp the win loss ratio ? Also how do you find this levels ?


Best regards
  • #27
  • Mar 18, 2013 8:49am Mar 18, 2013 8:49am
Quoting jgadefelth
Hi


How mutch is your sl and how mutch is your tp the win loss ratio ? Also how do you find this levels ?


Best regards
The RR is 1:1 when the trade is from a pending set at a level. With a market order, it is little above 1:1.

Sam, feel free to correct me if I am wrong !
MT4/MT5 EAs/Indicators/Alerts coder
  • #28
  • Mar 18, 2013 8:59am Mar 18, 2013 8:59am
Quoting FerruFx
The RR is 1:1 when the trade is from a pending set at a level. With a market order, it is little above 1:1.

Sam, feel free to correct me if I am wrong !

Ok seems hard to recover whe he have a losing streak of 4-6 trades as mentioned in the first post.


Best regards
  • #29
  • Edited 10:51am Mar 18, 2013 9:32am | Edited 10:51am
Quoting jgadefelth
Ok seems hard to recover whe he have a losing streak of 4-6 trades as mentioned in the first post.
Why people keep remembering only the negative ?

You certainly also noted that: "... 8-10 consecutive wins ..."

Anyway, the thread starter seems to be profitable with these statistics ... so the show must go on.
MT4/MT5 EAs/Indicators/Alerts coder
  • #30
  • Mar 18, 2013 10:46am Mar 18, 2013 10:46am
Quoting FerruFx
Why people keep remembering only the negative ?

You certainly also noted that: "... 8-10 consecutive wins ..."

Anyway, the thread started seems to be profitable with these statistics ... so the show must go on.
Well said.... I'm in guys
  • #31
  • Mar 18, 2013 12:34pm Mar 18, 2013 12:34pm
thank you for sharing your work Sam; subscribed!
'the quieter you become, the more you are able to hear' - Ram Dass
  • #32
  • Mar 18, 2013 12:56pm Mar 18, 2013 12:56pm
Quoting FerruFx
Why people keep remembering only the negative ?

You certainly also noted that: "... 8-10 consecutive wins ..."

Anyway, the thread starter seems to be profitable with these statistics ... so the show must go on.


I did not see how poffitable he was ?

Also i cant see what the edge of this strategy are someone ?

Best regards
  • #33
  • Mar 18, 2013 9:18pm Mar 18, 2013 9:18pm
sometimes better entry after candle close,but you need to reed pa ....
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 30 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #34
  • Mar 18, 2013 9:24pm Mar 18, 2013 9:24pm
Quoting jgadefelth
I did not see how poffitable he was ?

Also i cant see what the edge of this strategy are someone ?

Best regards
hi,
i do this way about 2 years now,my english is limited i cannot explain exactly what i think,sorry for that
i have won in avarage 6 trades from 10,you can make your own judge its profitable or not
i cannot define whats an edge,so if you ask whats the pro and cons...
you dont have to make big analysis,its good if you have little time for trading
cons: your r:r is 1:1 and you need a big sl...so you must have a good mm...
Money is made by sitting, not trading. Jesse L. Livermore
  • #35
  • Mar 18, 2013 9:26pm Mar 18, 2013 9:26pm
Quoting jgadefelth
Hi


How mutch is your sl and how mutch is your tp the win loss ratio ? Also how do you find this levels ?


Best regards
please see post 1
Money is made by sitting, not trading. Jesse L. Livermore
  • #36
  • Mar 18, 2013 9:28pm Mar 18, 2013 9:28pm
Quoting FerruFx
The RR is 1:1 when the trade is from a pending set at a level. With a market order, it is little above 1:1.

Sam, feel free to correct me if I am wrong !
thats correct,and if you have good pa knowledge then you can achieve better results
Money is made by sitting, not trading. Jesse L. Livermore
  • #37
  • Mar 18, 2013 9:33pm Mar 18, 2013 9:33pm
Quoting FerruFx
Why people keep remembering only the negative ?

You certainly also noted that: "... 8-10 consecutive wins ..."

Anyway, the thread starter seems to be profitable with these statistics ... so the show must go on.
i did post it on another thread
http://www.forexfactory.com/showthre...37#post6513637
Money is made by sitting, not trading. Jesse L. Livermore
  • #38
  • Mar 18, 2013 9:41pm Mar 18, 2013 9:41pm
Quoting tombombadill
thank you for sharing your work Sam; subscribed!
thanks for contributing,i hope some people do back/forward test it and they maybe find another levels better results,10 people are better as one
Money is made by sitting, not trading. Jesse L. Livermore
  • #39
  • Mar 18, 2013 10:45pm Mar 18, 2013 10:45pm
Quoting sam69
sometimes better entry after candle close,but you need to reed pa ....
I was thinking the exact same thing.

We miss a lot of opportunities by setting a pending order.
MT4/MT5 EAs/Indicators/Alerts coder
  • #40
  • Mar 18, 2013 11:36pm Mar 18, 2013 11:36pm
Quoting FerruFx
I was thinking the exact same thing.

We miss a lot of opportunities by setting a pending order.
yes,ofcourse you can make trades using your own knowledge or whatever in between these levels,i.e.we could try a sell EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 50 KB
Money is made by sitting, not trading. Jesse L. Livermore
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