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Trading from an Experienced and Successful FULL TIME Trader

  • #41
  • Nov 10, 2013 7:32am Nov 10, 2013 7:32am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Cobra
This thread is on page three and already assholes like you are getting demanding about "proof of success" ...
Real traders will appreciate the contents of this thread without demanding statements to be posted.


Quoting Cobra
Even if there was a holy grail and shared here most would not be profitable with it just because they do not have a "traders mind"
Exactly.
MT4/MT5 EAs/Indicators/Alerts coder
  • #42
  • Nov 10, 2013 7:53am Nov 10, 2013 7:53am
Quoting Cobra
{quote} This thread is on page three and already assholes like you are getting demanding about "proof of success" This guy came here and he is willing to share something which is profitable to him. It is up to those who are interested in the method to make it work for them. If I were him I will simply stop posting here and just move on. The majority of members here are just members and not traders at all. Real traders will appreciate the contents of this thread without demanding statements to be posted. There is enough info given here already to...
Exactly!

The stuff this guy posts is simply gold if you actually trade. This method is simple enough for most newbies to grasp and actually profit from it without knowing much about the market. Ofcourse, indicators are less precise than using price and time themselves since indicators are derivatives of price and time, so it is possible to improve upon this method through intensive study of market structure BUT for majority of the traders here on FF, I would daresay this system is probably better than what you are trading right now.

and I would like to thank TS for sharing. His tip about trading timings just solved a huge concern of mine and pointed me to the right direction. very grateful
Build good relationships with others.
  • #43
  • Nov 10, 2013 8:19am Nov 10, 2013 8:19am
Quoting luesak
Dorio, Can you please post your template, indicators, profile, etc. a zip file? So we know we have the same setup as you? Thanks for sharing. Kim
Yes that would cut to the chase, and one can from seeing the indicator settings proceed to own the strategy.
I had the Coral, -don't know which particular version you have and the THV Trix v1, would be good to be on the same page.

I like that the THV v3 draws lines to show divergence, I also see (from your screenshots) that price does not need to close above the Coral before you go long you can rely on the arrow alert from the THV following a buy divergence signal and a HA candle colour change, just my observations maybe not the AA trades, correct me if I'm wrong.
Let it turn and find your entry.
  • #44
  • Nov 10, 2013 8:26am Nov 10, 2013 8:26am
Quoting Cobra
{quote} This thread is on page three and already assholes like you are getting demanding about "proof of success" This guy came here and he is willing to share something which is profitable to him. It is up to those who are interested in the method to make it work for them. If I were him I will simply stop posting here and just move on. The majority of members here are just members and not traders at all. Real traders will appreciate the contents of this thread without demanding statements to be posted. There is enough info given here already to...

Thanks Cobra.
  • #45
  • Nov 10, 2013 8:45am Nov 10, 2013 8:45am
Quoting aje6767
{quote} Thanks Cobra.

Spot on, positive stuff,
And a big THANK YOU to Doriotcapita.

Let's catch those moves.
Pipernet.
  • #46
  • Nov 10, 2013 9:53am Nov 10, 2013 9:53am
Quoting Cobra
{quote} This thread is on page three and already assholes like you are getting demanding about "proof of success" This guy came here and he is willing to share something which is profitable to him. It is up to those who are interested in the method to make it work for them. If I were him I will simply stop posting here and just move on. The majority of members here are just members and not traders at all. Real traders will appreciate the contents of this thread without demanding statements to be posted. There is enough info given here already to...
Imho, Doriot is literally casting pearls at pigs here. Good to see there are still some humans with common sense left among this wild bunch
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #47
  • Edited 10:13am Nov 10, 2013 9:55am | Edited 10:13am
So far I see certain things with this approach and first of is SUPPORT AND RESISTANCE and the HA candles really helps to sport that.
Then i see loads of divergence, the only drawback is that the Coral seems to lag and i have for myself added the T3 period 14.

I normally pay attention to S&P on the H4 chart but now I can look at M15 for that as waell.

Permit me to post my template (it's developing and would still be refined but for a start).

One question is why do you prefer THV Trix to the Stochastic like you said in one of your posts?
Attached Image (click to enlarge)
Click to Enlarge Name: THV SUPPORT & RESISTANCE.png Size: 102 KB
Attached File(s)
File Type: rar THV.rar   54 KB | 559 downloads
Let it turn and find your entry.
  • #48
  • Nov 10, 2013 9:56am Nov 10, 2013 9:56am
PLEASE SEE POST 1 FOR THE INDICATORS AND TEMPLATE I AM USING GUYS! I JUST POSTED THEM.
  • #49
  • Nov 10, 2013 9:59am Nov 10, 2013 9:59am
Quoting doriotcapita
PLEASE SEE POST 1 FOR THE INDICATORS AND TEMPLATE I AM USING GUYS! I JUST POSTED THEM.

Good, you are doing great!
Let it turn and find your entry.
  • #50
  • Nov 10, 2013 10:04am Nov 10, 2013 10:04am
Quoting Intrepidpips
So far I see certain things with this approach and first of is SUPPORT AND RESISTANCE and the HA candles really helps to sport that. Then i see loads of divergence, the only drawback is that the Coral seems to lag and i have for myself added the T3 period 14. I normally pay attention to S&P on the H4 chart but now I can look at M15 for that as waell. Permit me to post my template (it's developing and would still be refined but for a start). One question is why do you prefer THV Trix to the Stochastic like you said in one of your posts? {image} {file}...
I highly recommend sticking to the rules because I know that people start posting their templates and ideas which is great but Im showing you what works and works quite well if you learn to properly work it. I dont use stochastic because the THV tells me alot more and shows divergences very clearly, which I'm noticing your chart does not. (The straight and dotted lines on your price charts are ESSENTIAL) Without it you are going to have a hard time determining the good trades from the bad trades and the great trades from the good trades. Please read the first few posts over again and follow what im teaching you exactly or you are probably going to have some issues trading with success. Good Luck!
  • #51
  • Nov 10, 2013 10:05am Nov 10, 2013 10:05am
Quoting vox dei
{quote} Imho, Doriot is literally casting pearls at pigs here. Good to see there are still some humans with common sense left among this wild bunch
Im so glad you see this! Unfortunately there will still be those who cant see this and therefore will move on to the next great thing that comes along and will stumble around in trading darkness forever LOL.
  • #52
  • Nov 10, 2013 10:12am Nov 10, 2013 10:12am
Quoting doriotcapita
PLEASE SEE POST 1 FOR THE INDICATORS AND TEMPLATE I AM USING GUYS! I JUST POSTED THEM.
Thanks man. Good Job. Keep sharing.
  • #53
  • Nov 10, 2013 10:19am Nov 10, 2013 10:19am
Quoting eqshack
how long u been trading? anyways.Why dont you show your "live trading"aka put up"trader explorer" account they can learn from it.How you take profits etc and analyze.Im just curious how Experienced and Successful are you
I have been trading for nearly 10 years. PLEASE PLEASE PLEASE READ THE FIRST POST. I have explained on the first several posts where I take my profits. I will continue to post so you guys can get it better and do my best to show you how I analyze the market, that's why I post the trade set ups and tell you EXACTLY WHAT IM THINKING when Im trading. Now to all of you who are questioning my success and want "proof". I could very simply post proof of my success; I have 50 screenshots of my trading account history saved on my computer right now. However, I am a professional trader and I really dont find it necessary to prove anything to anyone. I dont want to sound rude or like a jerk but thats just how it is. Im here to help people succeed and see what I see. I have shared my results with others before and they have gotten rather discouraged because they felt like a failure after that. (LOL) Not what I want to see happen here. It takes time and practice to be able to read the markets like I do. I find when I share my results and start telling people some days I make $10k+ in an hour you get gold diggers showing up on your front door. Finally, if you cant see from my posts that I know very well what Im doing then honestly forex may not be for you. Im very honest because I care and im going to tell you trading is not for everyone. You have to have the right personality to succeed at this. Emotional people and greedy people and those who LOVE MONEY will stumble and fail at this forever. But then again the reason you love money is because you never had any LOL. Having said that, I may post my results in the future...Im not sure...thats not what this thread is about, its about learning a "system" that works. Happy Trading!
  • #54
  • Edited 10:52am Nov 10, 2013 10:20am | Edited 10:52am
Hi,


Since Dorio emphasizes the need for S/R... I find that placing this indicator on the chart makes it much easier to see. Got this from the "dance" thread. See screenshot.

This indicator plots round numbers at intervals you specify... default is every 5 pips. Makes it so much easier to see S/R... and of course.. see how many pips S/L and TP would be.

Please ignore the vertical lines (I draw them so it's easy for me to see things lined up)... only the Yellow one is "by the rules"...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
Attached File(s)
File Type: ex4 Round Numbers Beige.ex4   4 KB | 359 downloads
File Type: mq4 Round Numbers Beige.mq4   4 KB | 398 downloads
  • #55
  • Nov 10, 2013 10:22am Nov 10, 2013 10:22am
Quoting doriotcapita
{quote} I highly recommend sticking to the rules because I know that people start posting their templates and ideas which is great but Im showing you what works and works quite well if you learn to properly work it. I dont use stochastic because the THV tells me alot more and shows divergences very clearly, which I'm noticing your chart does not. (The straight and dotted lines on your price charts are ESSENTIAL) Without it you are going to have a hard time determining the good trades from the bad trades and the great trades from the good trades....
Hi Dc,
I appreciate your reply.
I like I said in my other post I see the Divergences very clearly it's just that I disabled the lines because they were too many for me, maybe the version of Trix I was using I'll adopt your version and hope the lines will not be too much.
I'm still in the process of digesting your trade analysis and I love them so far, and I'm not thru yet. I'd be following keenly.
Let it turn and find your entry.
  • #56
  • Nov 10, 2013 10:41am Nov 10, 2013 10:41am
Im going to be posting some posts with pictures that are "GOLD NUGGETS". If you see them PLEASE READ THEM AND LISTEN CAREFULLY. Gold nuggets are VERY valuable pieces of information so here comes the first one.

Take a look at the picture I have enclosed. Take note of the candle with the checkmark. This candle was coming down into a GREAT area of support. I have drawn out the support level I was watching with a horizontal red line. Do you see why this is such good support? Go look at the pic! Now, in case you dont see it....the market has respected this level OVER AND OVER again in the past. It has bounced here 5 times on this chart at this level! For this reason, when the market comes back to it, it will likely bounce here. Well, sure enough the market did bounce there. Yes, it went about 4 or 5 pips below it but then it bounced 41 pips from that area. Would you have taken a trade there? I did not. Yes, even without an arrow you MIGHT have gotten in and MIGHT have made money off of it but why didnt I want to get it? Allow me to explain. Take note how LARGE the candles were. Candles were massive. Large candles mean price is moving FAST. I do NOT take trades except under VERY unusual circumstances when price is SLAMMING into an area. Im going to give you an analogy here to better explain what is going on. What happens if you are driving your 2013 BMW X5 towards a brick house at 5 mph and you ram your car into the house? Chances are you will get a REACTION (bounce) off of that brick wall (resistance). Now, take that same BMW X5 and start driving towards that same house at 100 mph. What happens? You will no doubt go flying through that brick wall and find yourself in the house, and maybe even on the other size of the house lol. Resistance or support is much easier broken when price is moving fast. Gold Nugget: Do not take trades where price is moving quickly. A fast dropping market in an uptrend is NOT bullish!!!!! A fast rising market in in a downtrend is not BEARISH!!!!! I cannot stress this enough. Sure often it will reverse there BUT your chances are diminished GREATLY. HAPPY TRADING
Attached Image (click to enlarge)
Click to Enlarge Name: supportnzdchf.jpg Size: 203 KB
  • #57
  • Nov 10, 2013 10:42am Nov 10, 2013 10:42am
Quoting Intrepidpips
{quote} Hi Dc, I appreciate your reply. I like I said in my other post I see the Divergences very clearly it's just that I disabled the lines because they were too many for me, maybe the version of Trix I was using I'll adopt your version and hope the lines will not be too much. I'm still in the process of digesting your trade analysis and I love them so far, and I'm not thru yet. I'd be following keenly.
Great! Keep watching, I think you will pick up some things that will help you greatly.
  • #58
  • Nov 10, 2013 11:04am Nov 10, 2013 11:04am
Quoting doriotcapita
Gold Nugget: Do not take trades where price is moving quickly. A fast dropping market in an uptrend is NOT bullish!!!!! A fast rising market in in a downtrend is not BEARISH!!!!! I cannot stress this enough. Sure often it will reverse there BUT your chances are diminished GREATLY. HAPPY TRADING {image}
Nice one. I've been watching on the simulator... Plainly... awesome. Thanks!
  • #59
  • Nov 10, 2013 11:07am Nov 10, 2013 11:07am
GOLD NUGGET #2

This post is going to explain something(s) that is of MAJOR MAJOR MAJOR MAJOR importance!!!!!!!! I teach some things on support and resistance that no one has ever taught me so perhaps it will be new to you as well. Just some things I have picked up from being in the market so long. So here it is: The higher the time frame, the more significant the area of support and resistance AND the more times an area has been hit in the past the more likely price will bounce there. As a side note: If the market keeps trying to move up into a specific area over and over the chances of it breaking through become greater and greater with each hit...I will go into detail on this in a later post.

Anyways, like I said, I like to consider areas based off the 1 hour charts (and above). The reason is the higher the time frame the more solid the level will be. Higher time frames are like thick strong massive brick walls. When your car slams into a 50 foot thick concrete wall you are NOT going through. That's how higher time frames are. Smaller time frames such as the 1 or 5 or even 15 minute are more like a slamming into a median on the freeway or some other form of thin brick wall. Armed with this information...let me show you something.

Take a look at photo number 1 (gbpchfpart1) i have posted here. This is a 5 minute photo of the GBPCHF after non farm payroll news. This pair moved 160 pips in 15 minutes and then stopped like it hit a brick wall or something. When I saw this ( I was not willing to short because it was counter trend), I said to myself I KNOW THAT I KNOW THAT I KNOW we just hit a MAJOR resistance level on a higher time frame because to stop and reverse like that from such a powerful move is not coincidence. Remember, the markets are very predictable and make ALOT of sense. So, for this reason I went to the higher time frames....finally when I got to the daily time frame I saw something rather profound and so I have posted that photo here (gbpchfpart2). Do you see why it failed here? There is almost no way price is NOT going to stop at a daily resistance like this. This level had been hit prior and reacted SHARPLY. You can even go back to the weekly and notice this area was a market reversal area in late 2011 and a 6 week consolidation area in May 2012!!!! This area IS MAJOR. It also bounced off this same area in October 2012 and then consolidated here AGAIN about 6-8 weeks in November 2012. Anytime you have an area of the market that is that respected as SUPPORT and RESISTANCE in the past (especially this much) will be major major areas in the future! This is another gold nugget that I will go over in great detail in a future post. Please see picture 3 (gbpchfweekly)so you can see these areas for yourself on the weekly. The more you recognize these areas the better you will become. TRAIN YOUR EYES!!! And Happy Trading !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchfpart1.jpg Size: 229 KB
Click to Enlarge Name: gbpchfpart2.jpg Size: 242 KB
Click to Enlarge Name: gbpchfweekly.jpg Size: 229 KB
  • #60
  • Nov 10, 2013 11:08am Nov 10, 2013 11:08am
Hello DC,

Thanks for sharing. Seeing some really good setups in visual backtest.
Added my own flavour and will test run it next tomorrow.

Cheers.
Pivot Boss in the making~
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