DislikedLong GBPUSD False breakout. No momentum, weak 1hr close, new demand in the way - closed it manually for -0.7R. {image}Ignored
- #4,643
- Apr 4, 2013 5:54pm Apr 4, 2013 5:54pm
Crappy management meant only +4.5r for the day. Premature closes.
Some classic LJ80 type setups across DAX and FTSE today. 5m charts attached. Best to avoid the lower timeframes, they're all noise
Some classic LJ80 type setups across DAX and FTSE today. 5m charts attached. Best to avoid the lower timeframes, they're all noise
Crappy management meant only +4.5r for the day. Premature closes. Some classic LJ80 type setups across DAX and FTSE today. 5m charts attached. Best to avoid the lower timeframes, they're all noise
I don't need easy. I just need possible.
- #4,645
- Apr 5, 2013 8:33am Apr 5, 2013 8:33am
Crappy management meant only +4.5r for the day. Premature closes. Some classic LJ80 type setups across DAX and FTSE today. 5m charts attached. Best to avoid the lower timeframes, they're all noise
Pipcrawler
- #4,646
- Apr 5, 2013 5:12pm Apr 5, 2013 5:12pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Crappy management meant only +4.5r for the day. Premature closes. Some classic LJ80 type setups across DAX and FTSE today. 5m charts attached. Best to avoid the lower timeframes, they're all noise
I always prefer Dax to FTSE myself as it's just smoother on M1.
USDJPY is fast become my cash cow on the VLTF PA trading. Had an FB setup today - the exact PA I used in entering is as per the annotated chart below.
The longs were just post NFP trades - notice how UJ fell on the poor numbers (as expected) but quickly reversed this drop and materially exceeded it - all as equities were dropping. Thus was definitely unusual and just told me the buying strength behind this pair and thus when UJ retracement to a decent technical area (former supply) and equities stabilised and started to rise this was always likely to pop up again, I just took it for a quick scalp.
- #4,652
- Apr 7, 2013 9:16am Apr 7, 2013 9:16am
I would like to take the oppertunity to express my gratitude to Mark for everything he has done sofar in re-educating me and others. I do not only admire him as a trader but also as a person, somebody who is generous enough to share his precious trading knowledge with us for free, where other so called guru's would easily charge you $299 for some piece of crap. Especially the collection of his free video's are gold and we get them to watch for free, you can't find such information somewhere else on the internet or in a book. This tells me that Mark is a genuine person who is really trying to help other traders in becoming profitable without asking something in return other than putting our efforts in learning. Thanks to Mark my trading has improved to an extent that I make money now. Thanks again Mark 
Pipcrawler
- #4,653
- Apr 7, 2013 10:37am Apr 7, 2013 10:37am
I would like to take the oppertunity to express my gratitude to Mark for everything he has done sofar in re-educating me and others. I do not only admire him as a trader but also as a person, somebody who is generous enough to share his precious trading knowledge with us for free, where other so called guru's would easily charge you $299 for some piece of crap. Especially the collection of his free video's are gold and we get them to watch for free, you can't find such information somewhere else on the internet or in a book. This tells me that Mark...
Zhang, you've got my interest is stocks again
- #4,655
- Apr 7, 2013 2:44pm Apr 7, 2013 2:44pm
I want to join you guys in thanking Mark. I would not have been trading and learning today had I not discovered your website (and soon after this thread) a few months ago. You taught me a logical, analytical no-bullshit approach to trading and also described the necessary mindset – all of that without asking anything in return.
I try to answer the newcomers here now and then, and I know well how time consuming it is to formulate and organize your thought process. So thanks, Mark – keep it up
P.S. a little bonus just so that this post isn't alone:
I try to answer the newcomers here now and then, and I know well how time consuming it is to formulate and organize your thought process. So thanks, Mark – keep it up
P.S. a little bonus just so that this post isn't alone:
It's late night, but I feel a few words are mandatory.
Knowledge is a powerful tool, but much more power, a totally different set of side effects, is possible only with 'free' knoledge.
The prblem with knowledge is that it keeps effort on BOTH sides to be transeferred, the teacher and the student. I, as a novice in this field, find that in trading there is no big difference with any type of study you have to afford, there is work to do and if you do it well with the time needed, MAYBE you get it.
In the trading field all the students are good students, in fact all are looking for the best (fastest?) way to make money. So in the equation above, the problem is the teacher.
I have found very few places (and I do not refer to trading only) where someone explains 'why', in a logical, passionate, not dogmaitc way AND makes it easy to catch things to the beginners AND has a real daily (or almost) presence in free spaces to help anybody (me for example).
That is something that I want to define as 'remarkable'.
I have missed the 'classic' official presentation used in forums. I just bounced in and started asking for help. And what I'm getting is that not only Mark but also other people, surely most experienced than me (that's simple) surely busy building their vision of what trading can do for them, embraces the same approach.
So, I cannot (still) say thanks to Mark (and others) for the trader I've become, but I can say thanks for the trader I will be.
And obviously (after such a keynote speech!) my questions
Knowledge is a powerful tool, but much more power, a totally different set of side effects, is possible only with 'free' knoledge.
The prblem with knowledge is that it keeps effort on BOTH sides to be transeferred, the teacher and the student. I, as a novice in this field, find that in trading there is no big difference with any type of study you have to afford, there is work to do and if you do it well with the time needed, MAYBE you get it.
In the trading field all the students are good students, in fact all are looking for the best (fastest?) way to make money. So in the equation above, the problem is the teacher.
I have found very few places (and I do not refer to trading only) where someone explains 'why', in a logical, passionate, not dogmaitc way AND makes it easy to catch things to the beginners AND has a real daily (or almost) presence in free spaces to help anybody (me for example).
That is something that I want to define as 'remarkable'.
I have missed the 'classic' official presentation used in forums. I just bounced in and started asking for help. And what I'm getting is that not only Mark but also other people, surely most experienced than me (that's simple) surely busy building their vision of what trading can do for them, embraces the same approach.
So, I cannot (still) say thanks to Mark (and others) for the trader I've become, but I can say thanks for the trader I will be.
And obviously (after such a keynote speech!) my questions
Quick 4:1.
Reaction from M5 supply, test of lower demand and compressing (one small fresh demand) into a DBD at the scene of the Liquidity Spike.
SL above the small DBD, target to make a lower low / consume the demand lower. Closed as it failed to drop lower / NU corelation.
Reaction from M5 supply, test of lower demand and compressing (one small fresh demand) into a DBD at the scene of the Liquidity Spike.
SL above the small DBD, target to make a lower low / consume the demand lower. Closed as it failed to drop lower / NU corelation.
I don't need easy. I just need possible.
- #4,660
- Apr 8, 2013 3:18pm Apr 8, 2013 3:18pm
Quick 4:1. Reaction from M5 supply, test of lower demand and compressing (one small fresh demand) into a DBD at the scene of the Liquidity Spike. SL above the small DBD, target to make a lower low / consume the demand lower. Closed as it failed to drop lower / NU corelation. {image}