Trading from an Experienced and Successful FULL TIME Trader

when will my hero come back from vacation? after thanksgiving? be sure to come back and teach more, doriot!

Just an update, when on vacation I contracted some virus and ended up in the emergency room and have been sick for two weeks. I am improving now and hope to be back posting very soon. I wont be trading on thanksgiving day however and you probably shouldnt be either! Safe trading.

Hope you're feeling better. Great Great thread, but you already know that. Went through all the posts and downloaded indicators I trade the NY open London Close. Like you in and out in a couple of hours. Similar philosophies different indicators. There's a ton of good info here from you and some of the other posters and I look forward to testing your system, following and contributing to the thread.
Best Wishes to all and Continued Success
Gp

Wish you a speedy recovery, you are a great man, god will bless you.

Is it a good trade?

Hi doriotcapita,

what are you rules for high important news?

Do you not trade around it?

Cheers,
Chris.

I always tend to lose during end of every quarter of the year and due to importance news. The market tend to go very volatiles and I can't see a clear direction hope this indicator can help me with it.

anyone using this method?

I would like to use this system, but it is hard to me to choose right support, resistance level.

my NO.1 regretful event of winter 2013 is doriot no longer posts. i hope he recovers and be well. pity that his iceberg of insights only reveals a piece.

Posting a new chart today! I want to go over the GBPUSD that I saw yesterday. First of all REMEMBER, the more confluence (reasons the market is saying the same thing) the better off you are in taking a trade. Remember, we want to put the odds in our favor!!!! Anyways i want you to notice the 3 up arrows which creeated a TERRIFIC support level....and then notice the checkmark...this was the markets last ditch effort to rise, but simply paused before failure. Notice the breakdown and retest before the market fell again. Would have been a great area to get into....but I did not get a signal at that time...HOWEVER...notice the second hit (down arrow - blue)...in this case I would take it because not only are we at very strong resistance, but we have a divergence with the trend!!! Which is pretty uncommon...the result? 90 pips...and if you look at your daily you know exactly why the market bounced where it did Also, notice on the next higher time frame you were coming into the red moving average as well....and also I plotted the 50 period bollinger band on this chart...I do use that at times as its a pretty common bounce area...and yes i realize not many people use the 50....but I do! And u will see market was at that level as well. All kinds of confluence here to speak of. Hope this helps someone...remember...the more you have going in your favor the more likely the trade will work out!!! By the way, the stop on this probably should not be more than 30 pips and thats being generous. Either this level is going to work or its not. Hope this helps someone

Chris, I avoid non farm payroll and when Draghi speaks and some other super high impact...but remember some high impact news is the catalyst for these moves the charts are telling us about....also remember sometimes you will get spiked out of trades if you choose to trade them....so it depends...i like to avoid them but if a chart looks too good ill jump in

it takes time...this is why most traders fail...you MUST learn to recognize support and resistance...that is the crux of ANY good system....ask any full time trader I think they will agree. Just practice looking at your charts and drawing support lines ...especially on the higher time frames...u will be AMAZED at how often the market obeys you.

THANK YOU!

HERES AN AREA I WAS STALKING CAREFULLY. Please take notice the double top and breakout, then retest down...What was the result? 100 pips on the USDCAD yesterday! Not coincidence it popped there. Those are the areas to look for...The next to last candle was the candle to go lone and the white line is the bounce area. Do you see why? This is a daily chart so you KNEW it would react here.

i observed similar thing in cadjpy?

excited to see you back!

Yes got it. Did anyone get it on the way down today? Stopped out for another +60 about 1hour ago. That's it until Monday now. Safe trading all.

I use to have the same problem when I first started. A friend of mine told me to first download this indicator. " ZZ_Orlovaa " You can find it with a google search. Nex start on the daily time frame and draw the high and low support and resistance lines, also any other lines you think are major. Do the same on the 4 hour change the color of the lines. Lastly same thing on 1 hour. When you are done, go back to the daily and drag and drop the indicator and then draw horizontal lines across all the tops (resistance) and bottoms (support). Do the same on 4 and 1 hour time frame. It's easy to see how many times price bounced off a particular line or went through. It's also quite easy to see the trend. Practice Practice and before you know it, you will have no problem with support and resistance.
Hope that helps
Gp

Going to post one more trade today and explain it. Stop : 30 pips Reward: 100+

This is yesterdays USDJPY, you may see it more clearly setting up on the 30 minute but I use the 15 minute because this is where our signal is confirmed. First of all, notice the up arrows on the chart. This area is acting like support OVER AND OVER making this a VERY powerful area to watch in the future. Finally price broke down and then you see price retesting it 3 times noted by the 3 down arrows. Now Remember, we are TRADING WITH THE TREND. So, we want to make sure we are seeing higher highs and higher lows and also the moving average MUST be green as well on this time frame and the next time frame up (30 minute). You will see in the middle of the London session around 10:00 price FINALLY blew through the two dashed white lines which had acted as a TRIPLE top...because it is a triple top this arrow will be like a concrete wall when it comes back to retest it!!!! A GREAT AREA to watch. Remember, you are doing this on all time frames 15 minutes and up to catch POTENTIAL trade set ups and trading accordingly. Well you see the thumbs up....that is where we finally get our signal. How funny it happens on that massive wall of support noted by the dashed lines! not only that but you have the moving average at that SAME level. On top of that you have a trendline!!! And not to mention the 50 period bollinger band just "happens" to be at this area. this is about as for sure on a trade as you can get. AMAZING SET UP. Remember, the more things you have telling you that it wants to do a certain thing the better your chances are of a winner. Remember LOOK for those areas that have been hit MANY TIMES and broken through.....and trade on the retest (with the trend). This is about as close as I can find to the Holy Grail. And remember, stop loss is at the prior swing low. ALWAYS USE STOPS!!!

Good to see you back fella!

I've been hoping that you'd return to finish what you started.

Have really enjoyed what you've thrown in to the ring so far, and it's very obvious that you know your stuff.

All the best with your thread.