Success consists of going from failure to failure without loss of enthusiam
Sooo. Last-night I decided to try this no indicator method and went short (S1) on the breakout of the range and then again (S2) after the break of what I thought was a pullback... Didn't work out so well. 
Trading without indicators is taking some getting used to.
Eddy, if you can answer this question, awesome, if not, I completely understand.
At the time those seemed like good trades to place.
1. 3 Kingdoms were in sync.
2. EU D1, H4, H1 and M15 were all bearish candles.
3. EU D1 was in a short term downtrend.
5. Good rejection at the top of that M5 range.
But it went 100% in the opposite direction.
What did you see that I missed?
Trading without indicators is taking some getting used to.
Eddy, if you can answer this question, awesome, if not, I completely understand.
At the time those seemed like good trades to place.
1. 3 Kingdoms were in sync.
2. EU D1, H4, H1 and M15 were all bearish candles.
3. EU D1 was in a short term downtrend.
5. Good rejection at the top of that M5 range.
But it went 100% in the opposite direction.
What did you see that I missed?
Hi Jakey i´m still learning the markets myself, ultimately whithout indicators too, using only price as a guide, althougth i´m not DONGKSY (i wish) i will give my view on that so a discount is needed as i´m still learning this way. I think you were correct for going short, but you missed the fact that the market broke the low or prior day and quickly snap back up, this is a sign that big boys have no interest in pushing price lower at least for now. Usually there is pockets of orders waiting to be filled at these lows (limits sells stops( from BO...
Hey Thenew,
Sure enough... I didn't look far enough to the left.
Thanks for your insight, I appreciate it! I think the image below describes what you're talking about?
Cheers!
Jake
- #6,965
- Jan 23, 2014 5:11pm Jan 23, 2014 5:11pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Sooo. Last-night I decided to try this no indicator method and went short (S1) on the breakout of the range and then again (S2) after the break of what I thought was a pullback... Didn't work out so well.
i'll try to answer your questions once i'm back on my trading room... i'm still out playing with son....
regards,
Success consists of going from failure to failure without loss of enthusiam
- #6,966
- Jan 23, 2014 8:41pm Jan 23, 2014 8:41pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
watching for another opportunity
Success consists of going from failure to failure without loss of enthusiam
- #6,967
- Jan 23, 2014 9:21pm Jan 23, 2014 9:21pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Sooo. Last-night I decided to try this no indicator method and went short (S1) on the breakout of the range and then again (S2) after the break of what I thought was a pullback... Didn't work out so well.
i was looking at 3 kingdoms... yes it was insync - this to me means that the trend can be strong ... so knowing this, i already know what to do once the market starts showing her hands... and once i see the trend then i know it will be a strong once...
EU D1,h4,h1 & 15m windows were all bearish... yes it was then... but remember, when price is too far from mean, it will normally revert... and if for whatever reason will pick up momentum and volatility during reversion... then could signal for a prossible change of trend. (remember laws of phusics)
EU D1 was in a short term downtrend???
how did you know??? I don't know what do you mean... first a day tf is not a short period to dance with...that rejection candle you saw at 15m tf was not a valid signal to me... it's more on duck hunting by the sharks... remember that was a sideway price action
it was barely moving that time... therefore market maker normally pump in some pips and stir market a little bit giving a false volatility... all i saw that zone was, orderflow pointing to the north... that rejection you are talking about is more of a sweeping action...
it was ranging... any price action outside the zone was sweepoing action...
what you saw was the same as what i saw... but the difference between your call and mine was how we digest the information absorbed by our eyes and filtered it through and process by our brain...
and one more thing, by watcing price action, i tried feeling her... as she pulsates...
i always ask myself questions... what if... what if... what if...
don't worry it's okay to ask so long as you're doing something when price action answers your 'what if'
regards,
Success consists of going from failure to failure without loss of enthusiam
- #6,968
- Jan 23, 2014 9:28pm Jan 23, 2014 9:28pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #6,969
- Jan 23, 2014 9:34pm Jan 23, 2014 9:34pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
expecting for a further test on previous swing high...
short scout in...
let us see what market will bring today...
short scout in...
let us see what market will bring today...
Success consists of going from failure to failure without loss of enthusiam
- #6,970
- Jan 23, 2014 9:39pm Jan 23, 2014 9:39pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
{quote} Hey Thenew, Sure enough... I didn't look far enough to the left.
one more thing Jakey... if you can, try not to look to your left... you will end up guessing and predicting... instead of feeling and speculating...
although it's nice to use it for referencing to confim something... but not until price already visited the same area... little too late...try to feel and look on your right ... always... and ask yourself... what if... and try to answer your questions...
just my 2cents
Success consists of going from failure to failure without loss of enthusiam
- #6,971
- Jan 23, 2014 11:25pm Jan 23, 2014 11:25pm
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
expecting for a further test on previous swing high... short scout in... let us see what market will bring today... {image}
first time we both agree on direction...i am short too....
V
- #6,973
- Jan 23, 2014 11:52pm Jan 23, 2014 11:52pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #6,974
- Jan 23, 2014 11:53pm Jan 23, 2014 11:53pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
{quote} first time we both agree on direction...i am short too....
following you now vic hehehe
Success consists of going from failure to failure without loss of enthusiam
- #6,975
- Jan 23, 2014 11:56pm Jan 23, 2014 11:56pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
too many sharks now... carefull
Success consists of going from failure to failure without loss of enthusiam
- #6,976
- Jan 24, 2014 12:25am Jan 24, 2014 12:25am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
looking at 4h... a good pipping target???
Success consists of going from failure to failure without loss of enthusiam
- #6,977
- Jan 24, 2014 1:53am Jan 24, 2014 1:53am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
momentum is building up...
getting ready to scale in...
getting ready to scale in...
Success consists of going from failure to failure without loss of enthusiam
- #6,978
- Jan 24, 2014 2:02am Jan 24, 2014 2:02am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #6,980
- Jan 24, 2014 2:49am Jan 24, 2014 2:49am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam