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  • #921
  • Sep 21, 2013 6:05am Sep 21, 2013 6:05am
Quoting kancha1115
{quote} hi keroro , I draw them manually. i use pole and flags(aqua dot line)+ HnS/Inverted HnS idea when i decide the levels(horizontal white line) that pulls my attention. those aqua dot line(diagonal line) doesnt have much value for me. i draw them mostly to find the white line(horizontal line) easily. here is the examples what I do when i look for the levels. bullish pole - i look for inverted head and shoulder and draw the white horizontal line. bearish pole - i look for head and shoulder and draw the white horizontal line. hope this makes...
Interesting. Crystal clear my friend. Thanks for the sharing.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #922
  • Sep 21, 2013 7:21am Sep 21, 2013 7:21am
Quoting keroro0o0o
{quote} Hey Kancha, May I ask, the trendlines/Flags on your chart, where they drawn automatically using some kinda indi? Coz imo, that D1 flag didn't make sense to me. The white lines on it did, that SR flip was the key change in market dynamics, and was the main reason for me to start looking for short trades. I've looked at EU/AU for correlations, and the bullish bias on AU & bearish bias on EU i had in mind supported the short for EURAUD. And there's another interesting observation on EURAUD. We had a perfect price symmetry in the forming. If...
Hi Keroro0o0o
IF "if it's not glaringly obvious don't trade"

Also Daily even weekly are for different trading strategies from M5 - M15 multi time frame evaluation need not exceed 4 time the chart time a short glance at Higher time frames are worth noting but beyond that symetry on D1 will not effect M15 trades I just added the H4 for fun.
All comments here and opinions are for discussion and just my view they are meant to be of interest and no more
Enjoy
Photize
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  • #923
  • Sep 21, 2013 7:36am Sep 21, 2013 7:36am
Quoting photize
{quote} Hi Keroro0o0o IF "if it's not glaringly obvious don't trade" Also Daily even weekly are for different trading strategies from M5 - M15 multi time frame evaluation need not exceed 4 time the chart time a short glance at Higher time frames are worth noting but beyond that symetry on D1 will not effect M15 trades I just added the H4 for fun. All comments here and opinions are for discussion and just my view they are meant to be of interest and no more Enjoy Photize {image} {image} {image}
Hi photize, very interesting observations.

I noticed you had 1 comment that sounded pretty sarcastic to me:
"Some1 Traded m5/m15, but decided to throw in some D1 symmetry to qualify the senseless trades". Well, I'm not trading m5/m15, to go against the HTF's. It was a top down analysis, where trend was taken in consideration before I start looking for triggers. And each entry was less than 0.3% risk, so that I can add whenever I see PA develop in my favor.

Another thing is, the zone I took wasn't the one on your chart, it was the gap supply, which taken out a demand below.

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Well, It may or may not work, but it made sense to me to take a short, taking the downward momentum at the moment. Yes, the long term trend remains up, but it's fact that the most recent clean swing low was broken, and made a lower low. I've made it clear in the reply to Kancha's post that it was the key SR flip that made me short it.

Not sure if it's just me, I felt quite alot of sarcasm from your annotations. I'm trying to apply a whole new trading style, where I take confirmation trades from engulfing PA, based on the SupDem indi that I've added onto my chart (AceGazzete methodology) as I've been trading RTM for 3 months, and kinda concluded that it wasn't doing wonders to my account.


I appreciate your insights and advice, and I believe you're here to help and share. FYI, I'm trading a demo account using this new methodology, but I'm not trading senselessly, and only setups that made sense to me are taken.

From your charts and observations, I know you're adapting to Alfonso's methodology, which is great, but there're more than 1 way to skin a cat, and I'm simply doing something others proved to work.

Peace, No War.

Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #924
  • Sep 21, 2013 8:51am Sep 21, 2013 8:51am
Quoting keroro0o0o
{quote} Hi photize, very interesting observations. I noticed you had 1 comment that sounded pretty sarcastic to me: "Some1 Traded m5/m15, but decided to throw in some D1 symmetry to qualify the senseless trades". Well, I'm not trading m5/m15, to go against the HTF's. It was a top down analysis, where trend was taken in consideration before I start looking for triggers. And each entry was less than 0.3% risk, so that I can add whenever I see PA develop in my favor. Another thing is, the zone I took wasn't the one on your chart, it was the gap supply,...

Hi Kero
Sorry if I was sarcastic, I have been worried as you were despondent with your trading, it was more through concern for you, to look from the angle of reasons against not for ! Please as always peace :-) photos
  • #925
  • Sep 21, 2013 9:29am Sep 21, 2013 9:29am
Quoting photize
{quote} Hi Kero Sorry if I was sarcastic, I have been worried as you were despondent with your trading, it was more through concern for you, to look from the angle of reasons against not for ! Please as always peace :-) photos
Good thing we have demo to blast out trades from setups we think made sense, and gain confidence from there.

Thanks mate for your concern. I appreciate it.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #926
  • Sep 22, 2013 6:05pm Sep 22, 2013 6:05pm
Quoting keroro0o0o
{quote} Added more shorts: {image}
UPDATE: Stopped out by the gap. Expected slippages, but perhaps it's a demo, so positions was stopped out properly at SL.

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Price gapped up perfectly to the SR flip. Was a perfect place to Fakeout to and short. But I woke up late, and just got stopped out. Not gonna chase. Plenty more to come.

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #927
  • Sep 23, 2013 12:07am Sep 23, 2013 12:07am
price never went above 4428. which broker are you using?
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  • #928
  • Sep 23, 2013 12:14am Sep 23, 2013 12:14am
Quoting XharpScalper
price never went above 4428. which broker are you using? {image}


Am using Armada markets. Perhaps it's the difference in opening time. I checked Pepperstone, almost same thing as Armada.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #929
  • Sep 24, 2013 8:41am Sep 24, 2013 8:41am
Quoting keroro0o0o
{quote} Am using Armada markets. Perhaps it's the difference in opening time. I checked Pepperstone, almost same thing as Armada.
Closed trade: EURUSD scalp long

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #930
  • Sep 24, 2013 9:38am Sep 24, 2013 9:38am
Quoting keroro0o0o
{quote} Closed trade: EURUSD scalp long {image}

ahh thats nice PA reading
  • #931
  • Sep 24, 2013 10:20am Sep 24, 2013 10:20am
Hi mate

Sorry to hear you are having a bit of a confidence crisis. You def have the dedication and mindset to make it so dont give up!

The last few months I have closed my self from everything trading wise (forums, other strategies etc) and been working purely with Tom Dante's SFPs on the daily time frame only along with some levels trading, again on the daily. The frequency of trades and time to play out would drive most people mad, but I have been having some good success finally and it has been through applying my own twists to the fundamental strategy that Tom teaches.

the SFPs basically boil down to trading from S/D zones but it is waiting for confirmation from the false break first before entering. Alot of the time price wont make it through the S/D zone before reversing and takes off without me which used to frustrate me, however I have come to realise that I don't have to be in every move to make money and when the breaks do happen, they are highly reliable and it only takes a few a month.

I guess the reason I am writing this is for you to maybe have a look at Tom's stuff again (as I know you have before), it is still consistent with what you are doing now but I have never felt comfortable taking trades blindly and looking for the SFPs is the perfect answer for me. I also think that trading the daily time frames are more reliable and give off less false signals (you also only have to check the charts once a day for half an hour which is awesome!)

Either way I am sure you will get through this tricky period soon enough

Andy
  • #932
  • Sep 24, 2013 10:29am Sep 24, 2013 10:29am
Quoting andyhardwick
Hi mate Sorry to hear you are having a bit of a confidence crisis. You def have the dedication and mindset to make it so dont give up! The last few months I have closed my self from everything trading wise (forums, other strategies etc) and been working purely with Tom Dante's SFPs on the daily time frame only along with some levels trading, again on the daily. The frequency of trades and time to play out would drive most people mad, but I have been having some good success finally and it has been through applying my own twists to the fundamental...
Hey andy,


thanks for the recommendation. Well, I'm not planning to trade the daily time frame as I'd love to live and trade the charts. Well, you may think i'm having unrealistic dreams, but believe me, I'm not. Just enjoying trading, especially shorter time frames. Patience had always been an issue for me, which is why I'm back at demo, and am currently practising scalping.

Regarding the SFP, I'm aware that Tom uses it on the H1 timeframe also, I may use it as one of the triggers, but still will focus on reading what price is doing, and where it's going based on PA and S&D. Always new things to learn from the markets + screentime.

Am really glad to hear you're finding success on your trading. Keep up the good work, I'm sure u'll come up on top.


best trading to you!

Regards,
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #933
  • Sep 24, 2013 10:42am Sep 24, 2013 10:42am
Open trade: EURJPY short

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #934
  • Sep 24, 2013 12:01pm Sep 24, 2013 12:01pm
Quoting keroro0o0o
Open trade: EURJPY short {image} {image}
UPDATE: STopped out..All so clear in a hindsight...The trapped sellers getting out...

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #935
  • Sep 24, 2013 12:07pm Sep 24, 2013 12:07pm
Quoting keroro0o0o
{quote} UPDATE: STopped out..All so clear in a hindsight...The trapped sellers getting out... {image}
imo it was HH , selling it was not a good idea.
  • #936
  • Sep 24, 2013 12:10pm Sep 24, 2013 12:10pm
how was that idea.
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  • #937
  • Sep 24, 2013 12:36pm Sep 24, 2013 12:36pm
Hello brother .

I hope you do not give up on trading even if your current trading results are not good. I really understand your feelings at this time. I've been there, and by the time I see how you analyze the charts and enter a trade, I remember that I used to be trade with a very similar way to you now.

You remind me of how I tried to imitate some trading guru/expert, how they enter the trade, how they exit the trade, and how they analyze the chart. I saw & studied their charts diligently, with their entry point & exit point, try to absorb their knowledge. And how I amazed by their trading result, judging from their chart, looks like they can ride price up and down like precision of a surgeon.. The only thing I didn't realized at that times was they had many losing trade too, but they didn't show it on their chart.

Then I tried to applied what I learn from those expert. In a nut shell, I failed, many times. Doubt and frustration kicks in. Until I realize that those method may be work for them, but maybe not work for me. Every person is different, so I have to find which method is right for me, because personality is very crucial thing when determine suitable trading method. Are you patience enough to stay in your trade in a relative long time, or you need fast paced action.

OK, enough the chit-chat. I have some input for you. Stay away from M1 & M5 chart. Trade solid engulfing pattern from M15 to D1 chart. Mark only really strong supply & demand on your chart, forget the weak ones, and do not try to touch trade the supply & demand zone without any strong engulfing candle. Add many pairs to your watch list, remember trading is a probability game, more pairs means more chance for you to spot high probability trade, do not push yourself to the dubious setup. Do you ever play online poker? Online professional poker player play multi table, so their chance of getting a premium hand is bigger & they'll fold marginal hand. Same principle applied to trading. More pairs means more chance for getting perfect setup. Unless you are scalping heavily. Last thing, stop trying to imitate those trading expert/guru, make your own trading method from your research & study, because everyone is different.

Good luck & keep the spirit .
  • #938
  • Sep 24, 2013 12:49pm Sep 24, 2013 12:49pm
Quoting mmaker
{quote} Hi pipmunks, One frustration I have with these forums is that there are so many kind advice and suggestions from many contributors trying to help. But which advice and suggestion actually works? Who actually knows what he is talking about? This is something that I can't get around with. Everyone wants to give advice and suggestion to someone else. But who do I listen to or should I listen? Regards,

study by yourself go download charts back test them and don't stop until you get a sound strategy.
  • #939
  • Sep 24, 2013 12:59pm Sep 24, 2013 12:59pm
Quoting mmaker
{quote} Hi pipmunks, One frustration I have with these forums is that there are so many kind advice and suggestions from many contributors trying to help. But which advice and suggestion actually works? Who actually knows what he is talking about? This is something that I can't get around with. Everyone wants to give advice and suggestion to someone else. But who do I listen to or should I listen? Regards,
Basically people want to help when they give advice to others, but doesn't realize it can make people confuse too. There will be many contradict suggestion because everyone experience is different, everyone will talk by his own view or experience. You have to find yourself which advice does works & which one is doesn't. If you given any advice by others, test the advice in real trading condition before apply that advice to your core methodology. If it works, you can add that to your core trading method.
  • #940
  • Sep 24, 2013 7:48pm Sep 24, 2013 7:48pm
Quoting XharpScalper
how was that idea. {image}
Hey mate,


Imo, the read was OK, that price had strong bearish momentum. Yes, that higher high was obviously trapped sellers liquidating their positions by getting out at BE or small loss. Price was pushed higher, but it dived afterwards. Will wee see lower low? I don't know, but I'm seeing bear's momentum stronger than bulls currently.

As for the trade you marked, yes that was my entry. It was at the pullback of the bearish engulfing candle.

Hope it's clear. Let me know if you need a chart to make it clearer.
Knowing is not enough; we must apply. Willing is not enough; we must do.
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