Mastering the Art of Trading

Quoting asim.iqbal

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{quote} Gold Update! {image}

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Quoting Pinbar

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Great Job Ghous. Looking forward to the thread developing. Looks like your GBP/NZD and the NZD/CHF I took, ended up in a similar situation of stalling out. Which is ok as, we had closed them out & taken profit, before it stalled and reversed back to out entries. {image}

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Quoting papa1

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{quote} this is the art of trade, just parttern chart

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Quoting Pinbar

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{quote} I have just been telling you, pattern trading is not what this thread is about. Tôi đã chỉ nói với bạn, mô hình kinh doanh là không những gì chủ đề này là về.

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Quoting ghous

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{quote} Hey Asim, Not bad at all. My only concern would be with the time frame itself. M15 isn't where you want to first start practicing the method. I would start with the higher time frames and slowly work my way down if I am really that hooked to intra day trading. g.

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Quoting Barbossa

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{quote} My guess would be the opposite. Shorter time frames provide more opportunities, that are needed for the practice. After practicing for a while and having some confidence built, the transition towards longer time frames is natural to me, because of the bigger rewards. By the way, have you tried to trade a valid setup from a longer time frame by looking for entries on a shorter one?

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Quoting Barbossa

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{quote} My guess would be the opposite. Shorter time frames provide more opportunities, that are needed for the practice. After practicing for a while and having some confidence built, the transition towards longer time frames is natural to me, because of the bigger rewards. By the way, have you tried to trade a valid setup from a longer time frame by looking for entries on a shorter one?

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Quoting ghous

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{quote} The only reason you would need lots of setups in a short period of time right at the beginning would be to "accelerate" your learning process

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Quoting dipie

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Thx so much for this thread, awesome method I just have a question, I hope this is not a dummy one :-) let's say your HHR is 1,0, price goes thru and makes new high at 1,2, then the retracement starts...Do you still look at 1,0 now as the support....Hope you get my english

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Quoting Pinbar

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{quote} Nope, this system is using the swing points and the failure of the bar to close above as the entry. Once a bar closes above or below a level, it is a sign to get out. Not quite as simple as that though, you still need to be aware of PPZ, RNZ and other confluence factors to enter. Remember, this system is looking for failures at places where most people are going to want to take the opposite side of the trade, we are making. {image}

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Quoting dipie

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Hey Ghous and Pinbar.... so if a fakey occured on AUD/USD 4H, would this be a good position? I dont mean a good trade, i just wanna know if I understand the idea ..THX {image}

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Quoting Pinbar

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{quote} Yeah, but it is not a very deep swing point and the FTA is close. You would also have to wait for the H4 bar to close before entering. Spend a couple of weeks just quickly scanning all the pairs on the Daily TF, it takes me about 10 mins to scan 80 pairs and find only pairs that price is currently in the vicinity of a setup. Like Ghous said though, it has been a weird month and we are in the last few days of this trading month so, perfect opportunity to look at the daily. {image}

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Quoting dipie

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{quote} Thx Pinbar, I know I must wait for the close... I understand what you have said, thx for being such a great guy

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