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Trading from an Experienced and Successful FULL TIME Trader

  • #301
  • Edited 5:39am Nov 14, 2013 4:11am | Edited 5:39am
Quoting sias
Heya I am very new and raw here. need all the help I can get from all of you. [email protected] thanx a stack
Hi Sias and welcome
Your off to a good start by coming to Forex Factory(FF) and this thread in particular. Of course theres many other great threads that you will discover along the way but if theres one little piece of advice I can give you its to KEEP IT SIMPLE. Many new guys(myself included) make the mistake of over-complicating their chart/system with too many indicators and just end up confused and frustrated. The first thing you need to do is learn the basics(duh) and a good website for that is Babypips.com. Go through their 'School', its really worth your while. Also, take some time to learn all about Price Action(PA) and Support and Resistance(SnR), they are the cornerstones of successful trading(I believe). Thats why this is such a good thread coz Doriotcapita's system is base on SnR. I suggest you read this thread from the start, especially the first few pages. And dont be scared to ask, there are many guys who will help where they can....ignore the guys that are negative.

Good luck with everything and may the pips roll in
  • #302
  • Nov 14, 2013 4:24am Nov 14, 2013 4:24am
Quoting Forex Looser
I think all the rules were followed...but there "Baooum" SL triggered

Price moved 15 pips so you could have moved it to BE and no loss


Sl was at 43 so it was a 1 R win even
  • #303
  • Nov 14, 2013 4:28am Nov 14, 2013 4:28am
Quoting Forex Looser
I think all the rules were followed...but there "Baooum" SL triggered
Hi FL,

Please read post #1 carefully, word by word, do not rush and do not skip any sentence.....
also find the gold nugget posts and all other Doriot's posts

your entry was too early and you did not follow ALL the rules, here is a quote from post #1:
4. You enter only after getting a green or red arrow with DOTTED (or straight on some occassions) line

Hope this helps
Failure leads to Success if one learns from mistakes and never give up
  • #304
  • Nov 14, 2013 4:30am Nov 14, 2013 4:30am
Quoting jinchu
{quote} Hi FL, Please read post #1 carefully, word by word, do not rush and do not skip any sentence..... also find the gold nugget posts and all other Doriot's posts your entry was too early and you did not follow ALL the rules, here is a quote from post #1: 4. You enter only after getting a green or red arrow with DOTTED (or straight on some occassions) line Hope this helps
It was, two green arrows + two divergences on M30 with dotted lines.
Attached Image (click to enlarge)
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  • #305
  • Nov 14, 2013 4:42am Nov 14, 2013 4:42am
I have difficulties to found major support and resistance too.
  • #306
  • Nov 14, 2013 4:43am Nov 14, 2013 4:43am
Quoting Forex Looser
{quote} It was, two green arrows + two divergences on M30 with dotted lines. {image}
My chart only has the second divergence not two. Perhaps SL should have been at the swing low on the 30m, which would have been about 1.3385.
Also, the THV hadn't crossed up/bounced (but I don't know whether it needs (or is better) to have done.

Then again - no method is 100% and you get losers.
  • #307
  • Nov 14, 2013 4:47am Nov 14, 2013 4:47am
Quoting Forex Looser
{quote} It was, two green arrows + two divergences on M30 with dotted lines. {image}
Hmmm, I thought you were referring your trade to NZD USD
sorry
Failure leads to Success if one learns from mistakes and never give up
  • #308
  • Nov 14, 2013 4:47am Nov 14, 2013 4:47am
interesting level to watch on NZDJPY

between 82,30 and 82,00 is a strong support/res area, if price retraces to BRN 82.00/10 a potential buy signal could be formed on a lower timeframe.
Attached Image (click to enlarge)
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consistency wins
  • #309
  • Nov 14, 2013 4:47am Nov 14, 2013 4:47am
What about this support + trendline?
Attached Image (click to enlarge)
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  • #310
  • Nov 14, 2013 4:48am Nov 14, 2013 4:48am
ForexLooser was right al the way,it lined up to be the perfect entry,coral green on 30min and 1h,2 red arrows on 30 min and 2 dottedlines 'hidden divergence',so it seemed the A set up,altough the market responded otherwise for the moment in ,3h we have news from USD ,let's see how the market reacts then .I guess London is setting the low for the day right now.Never take my words for real but that's my take.

Ps:we have to accept that we will have losses...No system is bulletproof (believe me i tested a few),remember DC,He is a conservative trader and MM is this the most important.
  • #311
  • Nov 14, 2013 5:01am Nov 14, 2013 5:01am
Quoting IenDzi
What about this support + trendline? {image}

friend, we are talking about levels market reacted to in the past several times, it must be a very obvious spot.

i didnt take eurusd buy trade people are talking about, tough i was watching it, 3450 was an important level but it couldnt manage to break 3500 overnight + bad european gdp data in the morning created a subdued sentiment and made me as a conservative trader stay out of this trade otherwise technically nice setup.
consistency wins
  • #312
  • Nov 14, 2013 5:51am Nov 14, 2013 5:51am
Quoting Deepfxtrader
ForexLooser was right al the way,it lined up to be the perfect entry,coral green on 30min and 1h,2 red arrows on 30 min and 2 dottedlines 'hidden divergence',so it seemed the A set up,altough the market responded otherwise for the moment in ,3h we have news from USD ,let's see how the market reacts then .I guess London is setting the low for the day right now.Never take my words for real but that's my take. Ps:we have to accept that we will have losses...No system is bulletproof (believe me i tested a few),remember DC,He is a conservative trader...

Take a 4H Chart and a 5 min chart then you have a perfect short entry

The Orange line is the 4H Support

Attached Image (click to enlarge)
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The problem was we have a downtrend on Daily and 4 H

When you trade 1 H you have to consider daily and 4H for trend
  • #313
  • Nov 14, 2013 6:15am Nov 14, 2013 6:15am
Oak,

I was talking about ForexLooser and as I remember he didn't enter on the 1H but 30Min and as Dc said "when you enter on let's say 30min,you check the 1H to see if the trend is the same...Do we agree on the fact that the trend isn't always the same ...for instance the trend can be up on the 4h but down on the 1h or even 30 min??Depending on what you want to get out of a trade?Technical that trade could have worked out but you have the fundamentals who decide what's gonna happen.

Ps:to all newbies,practice this in DEMO until you fully understand what the system is about and how DC trade this.
  • #314
  • Nov 14, 2013 8:27am Nov 14, 2013 8:27am
gbpusd looks good for 2R DID ANY TAKE THIS LOVELY SETUP SEE THE CHART STILL LOOKING GOOD
Attached Image (click to enlarge)
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  • #315
  • Nov 14, 2013 8:33am Nov 14, 2013 8:33am
Quoting EasyRyder
Thanks doriotcapita for a nice, easy system to trade. Perfect setup, I believe, this morning on the EU. See pic. This is a Renko generated 8-pip block-size. Applied your basic template to the Renko chart. Eyeballed the S/R on the Renko chart from 100,000 feet. I have been trading a Renko solution with success. Just dropped your template to see how it looked. Good trading. {image}
Try median renko too,you will be amazed
  • #316
  • Nov 14, 2013 9:12am Nov 14, 2013 9:12am
Quoting timos
{quote} Try median renko too,you will be amazed
Can you post an indicator that works. I have tried a few, but none work with coral indicator.
Faith ends where worry begins, and worry ends where faith begins.
  • #317
  • Nov 14, 2013 9:18am Nov 14, 2013 9:18am
Hi doritocapita, do you think that your system will be equally valid for higher timeframes? For example 1d timeframe for draw suppotrs and resistances an 1h/4h
for entry.

Thanks.
  • #318
  • Nov 14, 2013 9:18am Nov 14, 2013 9:18am
Quoting gulayetty
gbpusd looks good for 2R DID ANY TAKE THIS LOVELY SETUP SEE THE CHART STILL LOOKING GOOD {image}

Indeed that was a nice

Also Daily and 4H its still uptrend :-)
  • #319
  • Nov 14, 2013 9:25am Nov 14, 2013 9:25am
any one currently in eurusd and nsdusd it looking good now

nsdusd is bombing up now
  • #320
  • Nov 14, 2013 9:27am Nov 14, 2013 9:27am
Quoting gulayetty
any one currently in eurusd and nsdusd it looking good now

I am long EURUSD
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