Mastering the Art of Trading

Quoting Brixton

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no, need to wait for next bar

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Quoting ghous

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I got a real smart question from a trader via Pm (not sure why given the validity of the question) and keeping the anonymity that I guess he wanted, here's the content part so we can all learn: Question: Ghous, I read somewhere if too many people follow the same system, the system fails. I don't know how that happens, but I assume that the pros will adapt to whatever change in methodology that the novices are up to. Currently the thinking is that novice breakout traders enter on the break of resistance and soon get trapped by order flow from the...

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Quoting ghous

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{quote} He was?! Wow. I am humbled. Anyways I'd really appreciate if we can put the "where is price going" exercise on hold for a bit. I need to make sure all the bits and pieces of info I need delivered get's done within the initial pages so later on new people can just be advised to read the initial part of the thread. g.

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Quoting Pinbar

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{quote} Hey Ghous, I just read this. I pressume you do know that, you can edit the first post even after months. Only the first page though. But, you could put everything in that first post.

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Quoting Pinbar

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{quote} Hey Ghous, I just read this. I pressume you do know that, you can edit the first post even after months. Only the first page though. But, you could put everything in that first post.

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Quoting str8

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I don't agree that this stuff isn't also for new guys. I find it easier to apply than the james16 stuff (it took me months to understand james16 stuff and I really think it's easier to look for important swing points than for important PPZ or other patterns, the most difficult thing I think if we have enough space to take the trade). If I wanted to teach a friend trading I would teach him this strategy first before J16 and I think it's less confusing for a newbie than J16. You can learn a lot only from the first pages while on the other thread you...

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Quoting ghous

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{quote} This is a little advanced stuff in the sense that it draws on your knowledge and understanding of order flow. But I am trying to systematize it as much as possible while also providing details for people interested. One of the quests for me, is to get the novice trader thinking in the right direction - that is in terms of price action and order flow. Easier said than done, much easier said than done, but I am up for the challenge and we'll see how it goes. g.

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Quoting str8

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{quote} Yes, the order flow is advanced but I don't think a new trader must understand why it works to make profit. I think (and hope) an understanding of how it works (fake out of HHR, close below the HHR, space, entry close to the source) is enough to make profit.

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Quoting antoniomago

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Last week daily live trades (small account): GBPNZD -> R/R=0 (trade closed at BE after FTA rebound) EURHKD -> R/R=2,04 (entry price close to FTA. No text book trade. I was lucky. Price pass thru FTA) -> post 63 No trades this week so far NOTE: Ghous, If you prefer I won't post my results here, please let me Know. Thanks for your efforts

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Quoting antoniomago

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Hallo, Ghous If you see two correct setups in two different pairs with the same base currency, like GBPJPY and GBPUSD, do you trade the two setups (overexposure to GBP) or do you select only one setup to trade? Thanks in advance.

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Quoting Pinbar

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{quote} This long setup also has nothing to do with the Fake out but, I hear what you are saying in as much as you had not read the thread. If you had entered long on that PB, it still would not have been the fake out. Perhaps, you should stick to one method for a while as, you are taking trades all over the place. {image} {image}

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