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  • #21
  • Dec 24, 2013 3:24pm Dec 24, 2013 3:24pm
Hello Everyone,

first of all, thank you all for your interest in my thread and trading approach. I realize that I created the thread so close to the year end. And I am amazed that we have over 2000+ views now after 2 days.

second of all, congrats to those who got on the boat with me for the last 2 entries. we made a total of 17.2 + 18 = 35.2 pips in two consecutive days. I hoped you guys remember to set your stops when trading. To those who missed the the last 2 boats, no worries, relax and sit back, we are about to start 2014, there's more to come. as i mentioned in my first post, i hope we all make pips but more importantly, we share our knowledge and improve our own trading skill is the focus here. Please, I beg you, do not just view the thread, please post your comments so that i know your existence. This is the 5th or 6th time i ask for this. So please guys. Either you like my thread or not, please say something. I am going to give this thread one month of time. If I do not see a reasonable amount of comments from traders, I am not going to continue as I assume there is not much interest. No offence, I am not asking you for money or anything, just participation!

Let's put trading aside, I wish you all a healthy and wealthy 2014 and of course Merry Christmas to all.

see you on Jan 5th. I will be post entries on 5th.

Sincerely,


LP
  • #22
  • Dec 24, 2013 5:37pm Dec 24, 2013 5:37pm
Quoting Low Profile
I realize that I created the thread so close to the year end. And I am amazed that we have over 2000+ views now after 2 days.
That's because the thread may have some interest to many traders here.

Keep up the good work.
MT4/MT5 EAs/Indicators/Alerts coder
  • #23
  • Dec 24, 2013 8:00pm Dec 24, 2013 8:00pm
Quoting Low Profile
Sure, This is an intra day trading approach. It is based on mathematical calculation on price to locate high probability support and resistance. Therefore, I would need previous price to calculate previous price speed, angle, momentum, trading volume and combine with future predicted price level in order to locate this trading opportunity.
At some point, are you going to reveal your calculation?
  • #24
  • Dec 24, 2013 11:16pm Dec 24, 2013 11:16pm
Quoting FerruFx
{quote} That's because the thread may have some interest to many traders here. Keep up the good work.
Thanks Ferru for your good word. I really hope this thread will help all retail traders on this forum. And to be honest, I want to learn more from others too. I notice even a moving average trading approach. each trader has a different way trading it. we can always learn something new.

LP
  • #25
  • Dec 24, 2013 11:20pm Dec 24, 2013 11:20pm
Quoting Low Profile
{quote} Thanks Ferru for your good word. I really hope this thread will help all retail traders on this forum. And to be honest, I want to learn more from others too. I notice even a moving average trading approach. each trader has a different way trading it. we can always learn something new. LP
The learning process never ends. We still all learn in any stage of our trading experience.

That's also a valid statement in any thing in life.
MT4/MT5 EAs/Indicators/Alerts coder
  • #26
  • Dec 24, 2013 11:29pm Dec 24, 2013 11:29pm
Quoting swordfish-
{quote} At some point, are you going to reveal your calculation?
I am revealing Swordfish.

If I tell you I have a secret formula that will bring you success, do you believe me? will you ask, how come I an average joe discovered it but not the wall street banks that have the money to hire top notch scientists and researchers can?

In my humble opinion, no offence, I started since 2006, I failed unlimited times let me tell you. I keep depositing money into my account and keep losing it. I had more debt than i could handle.

Success came from practice and observation. I notice that there are cycles built into price. think this way, we are living in universe, it is acting like a big clock, when its 8am, u wake up and go to work, when its 8pm, you have dinner. same to the market, its just that there is variation because you have so many more participants other than youself trading in the market. I can't explain this in full with one article, i hope you understand the underlying meaning. once again, no offence, i apologize if i somehow hurt your feeling. I have no intense.

lastly, I could make my thread title like "sure win system", i'm sure that would attract more traders to my thread, but i didn't, i used the word "community", because I hope to share with u the way I look at the market step by step. For instance, the bollinger band I mentioned in previous thread. But I guess many are here to get free trading signal. I hope not, because I hope to build a strong empire and help the weak.

LP
  • #27
  • Dec 25, 2013 3:46pm Dec 25, 2013 3:46pm
Hi all,

I wish you all are having celebration and a great holiday. Please note that I just posted an update on my first post. Please take a quick look as this will impact our future trading approach.

See you all on Jan 5th.

Cheers,

LP
  • #28
  • Dec 25, 2013 9:01pm Dec 25, 2013 9:01pm
Hello All and Merry Christmas,

I am new to this trading community. Just joined 15 minutes ago. I have been trying to get into trading forever. However, all I ever run into is someone that wants to sell me their methodology and after buying a few that didn't work after I spent my money I realized what I was missing. I am missing the basics. I was missing a reputable broker (don't have a broker at this time). I was missing basic instructions on how to properly navigate around the platform I had. Most of all I was missing the foundation of trading. So here I am in this community seeking assistance on how to learn how to trade from getting a decent broker to learning the platform to demo trading until I am somewhat proficient and CONFIDENT enough to take a trade on my own. So if anyone can start by recommending a broker and maybe offer some help in their free time helping me learn the platform I'd greatly appreciate it. Thanks in advance and I will be monitoring the threads and reading through them all as much as possible. Enjoy your holidays.

Klozur
  • #29
  • Dec 26, 2013 6:19am Dec 26, 2013 6:19am
Hi Low Profile

Seasons greetings to you and I look forward to following your thread and contributing whenever possible. Regarding the Bollinger Bands (which I dont personally use). My observation is that when ever price pops out of the bands it quickly retraces back inside. I guess this is called price returning to the equilibrium. My question is, are you suggesting that price behaves like this in a cyclic manner?

Koh....
  • #30
  • Dec 26, 2013 9:02am Dec 26, 2013 9:02am
Hi Koh,

Merry Christmas to you. Thanks for your kind word. you are partly correct on the concept. Please observe how it reacts to price when you have time away from your celebration.

What I wanted to point out is, many ppl use it to trigger a trade when its expanding. Some ppl trigger a trade when its contracting. If you look into the past, you can easily spot a very high probability trade setup first by looking for a contraction on 5m TF lets say. At this point, u would have no idea where the market is going. But, if you look at 15m TF, you can see that the BB on 15m has a direction already, it is simply in a retracement mode, now lets say 15m is expanding downward, that means we are in downtrend like what i showed in the example, we can now go back to 5m chart and trigger our trade when price reaches the top of the band in our contraction period. now you would have the advantage to enter the trade at a better price than the traders who are entering only when 5m is expanding. you would have better profit potential and smaller stop loss.

Now as you can see how we can enter a trade by incorporating 2 TFs, many people will think, well.... this is a simple multi time frame strategy, and this leads to the next topic. What is multi timeframe trading? which is our primary trend, how do we decide. Can anyone please share? and I will elaborate more then.

LP
  • #31
  • Dec 26, 2013 12:52pm Dec 26, 2013 12:52pm
Quoting Koh Samet
Hi Low Profile Seasons greetings to you and I look forward to following your thread and contributing whenever possible. Regarding the Bollinger Bands (which I dont personally use). My observation is that when ever price pops out of the bands it quickly retraces back inside. I guess this is called price returning to the equilibrium. My question is, are you suggesting that price behaves like this in a cyclic manner? Koh....
Sorry Koh, i overlooked your post and missed ur question. No, the bb has nth to do with the monthly cycle or phase. I am not really touchin on this subject as of yet because I kind of want to share with you the intra day approach, so we can make some pips while learning the market mechanic from the things that have been overlooked by many. Such as the bb example. I hope this helps.

To all fellow traders and friends: I have received few emails from some of you guys asking if i can post the entries for today as well. I didn't reply your email, i'm sorry because I am at work. But I can do that, but please be advised that some brokers may be closed or they have different trading hours. Pleaes look into that for your own safety as i'm not 100% sure about that. Please stay put, I will be posting entries after i get back to my computer today.

LP
  • #32
  • Dec 26, 2013 6:04pm Dec 26, 2013 6:04pm
Hello all,

Here you go....

Please remember to leave both order open until end of day.

Attached Image (click to enlarge)
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  • #33
  • Dec 26, 2013 7:00pm Dec 26, 2013 7:00pm
Now that our buy order has been triggered. If we are lucky and hit our target to the upside. Please do not forget to cancel your sell order.

You may leave it if you want to take more risk, there is a possibility that we hit both target. but higher risk...

And plz rmb to set your stop loss.

LP
  • #34
  • Dec 26, 2013 8:06pm Dec 26, 2013 8:06pm
ok, guys, in the last 20 seconds, our upside has been hit. I have banked my profit and cancel my sell order.

A lesson to learn, please review's today's trade, look at how 15min TF bb react to price, and look at 1hr. Hope you get the hang of it by referring back to my previous bb example.

in conclusion, I have no pending order for today. I will see u on 2nd after the holiday.

Please, i welcome all kinds of comments and critics, but no argument plz, only positive discussion.

Many thanks.

LP
  • #35
  • Dec 26, 2013 8:08pm Dec 26, 2013 8:08pm
very interesting thread, subscribed !
  • #36
  • Dec 26, 2013 8:26pm Dec 26, 2013 8:26pm
Welcome on board Capelli

Any comments or critics always welcome.


LP
  • #37
  • Dec 26, 2013 10:54pm Dec 26, 2013 10:54pm
Hi Low Profile

Your system looks like its a breakout of the high/low of the day, is this correct?

Koh....
  • #38
  • Dec 26, 2013 11:15pm Dec 26, 2013 11:15pm
Good observation haha. I didn't notice that today's entry is right at the high and low of the day. To answer ur question. No today's is coincidence. You can take a look at the previous entries. They were not the high and low.

LP
  • #39
  • Dec 27, 2013 11:41am Dec 27, 2013 11:41am
Hi Low Profile

Glad to hear its not one of those plain vanilla Breakout systems but has more backbone.

Koh....
  • #40
  • Dec 27, 2013 12:02pm Dec 27, 2013 12:02pm
Yes Koh,

those systems failed me so many times b4 and i lose confidence in them long time ago.

Koh, you know the trading hour for next week? I am thinking when i should start again. I think my broker is close 31st afternoon and 1st whole day. so i'm thinking maybe i'll start on 2nd.

LP
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