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Professional Trading Strategy - student selection

  • #61
  • Jan 30, 2014 9:00pm Jan 30, 2014 9:00pm
Quoting exchange101
I will give another example (very simple to help the newbies also). Don't cheat because it will not help you in real live trading. I just want to see how one is thinking on his/her own. Remember: by this examples I am trying to finish the first step in choosing the students! These examples are not the final step in the selection process but here I will make my first impression. So give your best - you don't have to be right - if you are very wrong that's no problem, if you are very right that's no problem. After this I will exemplify the second...
Entry as shown below, exit at first major resistance. Entry after second rejection at double top, exit at first major support. ( This is easy for me to see in hindsight, much harder for me to put into practice. Cheers.

Attached Image (click to enlarge)
Click to Enlarge Name: EU-ex1_PR.jpg Size: 206 KB


Sorry, I had not read past your post that provided the chart.
I would have exited short at first major support where it reversed after the double top. I would still be waiting for that support zone to be hit again and see what the reaction would be.
  • #62
  • Jan 30, 2014 9:28pm Jan 30, 2014 9:28pm
After taking a second look at your 1M EUR chart it looks like I didn't use the same area on the chart for my first analysis. Didn't realise you were that zoomed in.
Entry on the 4th attempt to break the supply zone that fails to reach the zone, white line. The exit would be when to hit the demand zone.

Here is my second attempt.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1 trade.png Size: 72 KB
  • #63
  • Jan 31, 2014 1:16am Jan 31, 2014 1:16am
Quoting JaguarTrader
PM'd you a few days ago. I'm Subscribed
Hello Jaguar, sorry I haven't seen your PM. I am not used to being a commercial member here on FF so I didn't know that I cannot receive PM's. Please email me.
  • #64
  • Jan 31, 2014 1:26am Jan 31, 2014 1:26am
I have read all your entries and exits. I see they are based mostly on S/R, entry points and exit points keeps you from getting the most out of a trade.

Look at the picture below, with my entry points and exit points:

Attached Image (click to enlarge)
Click to Enlarge Name: EU-f.jpg Size: 840 KB
  • #65
  • Jan 31, 2014 1:31am Jan 31, 2014 1:31am
Strategy no 2 is a little more complicated as I said before, but it is rewarding.

I can identify (mathematically) the points circled in the image below:

Attached Image (click to enlarge)
Click to Enlarge Name: EU-ex2.jpg Size: 737 KB


Haven't you wondered before how 'big players' and those extraordinary competitors in some forex contests can achieve thousands of pips and their entry points and exit seems so unreal?

That is why my strategy is not for sale for everyone. I think a maximum of 3 people would be enough to take this forward.

P.S. If some of you are thinking that after I choose you, you will be able to sell anyone this .... hate to bringing to you but not going to happen. You will use this for yourself to make money the 'market way' not the 'marketing way'.

Have a good one!
  • #66
  • Jan 31, 2014 2:19am Jan 31, 2014 2:19am
pretty interesting thread you have going here exchange101, i am subscribed and will follow with great interest.
  • #67
  • Jan 31, 2014 4:53am Jan 31, 2014 4:53am
Subscribed. Hard to find a definitive reason for entry and exit, maybe some 123 style decision point. U should use trade history markers cause very easy to write 'I enter here' and 'exit here' on screen.
  • #68
  • Jan 31, 2014 5:05am Jan 31, 2014 5:05am
Hi Exchange101

Regarding Big players and extraordinary competitors, they for sure are not using the usual can of indicators, S+R, trendlines etc that the average trader is using and are only too happy that the average trader continues to use them. My take on the market is that it moves in cycles and swings. you can use the last swing to determine the next. This can be done using fibs but in an otherwise unconventional way (mathematics). This will identify areas of consolidation, breakout and retrace, and eventual target. Once price breaks a certain level it will reach the next, even if it retraces. The various candlestick patterns is only there to confuse the trader and totally blindside them, is it going up, is it going down. The path once taken will complete.

I would like to work with you to further these trading ideas.

Regards
Koh
  • #69
  • Jan 31, 2014 5:15am Jan 31, 2014 5:15am
Quoting Koh Samet
Hi Exchange101 Regarding Big players and extraordinary competitors, they for sure are not using the usual can of indicators, S+R, trendlines etc that the average trader is using and are only too happy that the average trader continues to use them. My take on the market is that it moves in cycles and swings. you can use the last swing to determine the next. This can be done using fibs but in an otherwise unconventional way (mathematics). This will identify areas of consolidation, breakout and retrace, and eventual target. Once price breaks a certain...

Excellent thinking!

  • #70
  • Jan 31, 2014 5:17am Jan 31, 2014 5:17am
Quoting vamp
Subscribed. Hard to find a definitive reason for entry and exit, maybe some 123 style decision point. U should use trade history markers cause very easy to write 'I enter here' and 'exit here' on screen.
I do not use MT4 for trading, though I like it very much for the visual...maybe because after all those years I got so used to it.

It is very easy to write that, but those are actual trades I have and the one from yesterday, I posted the trade immediately after my exit as I had to step out and I don't really like to leave my trades unsupervised even with SL on, which by the way, it is ALWAYS on.

Have a good one!

P.S. The few students that will join the ride will have the possibility to check the trades I post, according to the strategy. Though, I guess they will prefer to make money!
  • #71
  • Jan 31, 2014 5:23am Jan 31, 2014 5:23am
Quoting Koh Samet
Hi Exchange101 Regarding Big players and extraordinary competitors, they for sure are not using the usual can of indicators, S+R, trendlines etc that the average trader is using and are only too happy that the average trader continues to use them. My take on the market is that it moves in cycles and swings. you can use the last swing to determine the next. This can be done using fibs but in an otherwise unconventional way (mathematics). This will identify areas of consolidation, breakout and retrace, and eventual target. Once price breaks a certain...
I agree - this thinking is very similar to this strategy which I have been trading for a while.
  • #72
  • Jan 31, 2014 5:30am Jan 31, 2014 5:30am
A little hint to help your thinking, as I like people who are thinking or at least gives their best to:

Part I:

" ...[highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif] [/highlight][highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]they for sure are not using the usual can of indicators, S+R, trendlines etc that the average trader is using and are only too happy that the average trader continues to use them [/highlight][highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]... "[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]Part II: (partially true)[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]" ... [/highlight][highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]it moves in cycles and swings ... "[/highlight]

Part III: (partially true)

[highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]" ... an otherwise unconventional way (mathematics) ... "[/highlight]


[highlight=rgb(244, 246, 249); color:rgb(101, 101, 101); font-family:verdana,helvetica,sans-serif]P.S. I really, really don't like persons who want everything laid out on the table without at least showing a little interest. After a while this kind of people will start swearing and calling names without any reason. Some of you will understand this, some will not at this moment.[/highlight]
  • #73
  • Jan 31, 2014 5:45am Jan 31, 2014 5:45am
I would still like to be considered as one of your students.
  • #74
  • Jan 31, 2014 5:50am Jan 31, 2014 5:50am
I think there is certainly an element of inevitability about trading. I cannot accept that it is random. Looking at any chart you can see 'intention'. The problem for those of us who are not 'big players', the intention is visible after the fact, but the parameters behind the intention often still remains a mystery. So we use candlestick patterns, fundamentals, indicators and S/R to try and decipher it, but my feeling is there is something else. I don't think there is a conspiracy, but there is a piece to the puzzle the eludes many.
  • #75
  • Jan 31, 2014 5:55am Jan 31, 2014 5:55am
your entries and exits look awesome...yeah indicators mostly confuse traders and so does the candle patterns....i also believe that there are cycles and swings and no matter what it will have an origin and destination and to confuse to take out the amateur traders it will have a few bumps along the way..thats the reason quite a number of traders are losers. Not in anyway implying that i am successful but atleast i kind of know to some extent how the market works.. once again very impressed with your entries and exists.

Regards

Dennis
  • #76
  • Jan 31, 2014 6:27am Jan 31, 2014 6:27am
Subscribe^^.
Hope i will one of the lucky.
  • #77
  • Jan 31, 2014 6:40am Jan 31, 2014 6:40am
Quoting dennis4u15
your entries and exits look awesome...yeah indicators mostly confuse traders and so does the candle patterns....i also believe that there are cycles and swings and no matter what it will have an origin and destination and to confuse to take out the amateur traders it will have a few bumps along the way..thats the reason quite a number of traders are losers. Not in anyway implying that i am successful but atleast i kind of know to some extent how the market works.. once again very impressed with your entries and exists. Regards Dennis

ONLY common use indicators confuse traders, candlestick patterns, etc ... everything works to some extent, until it fails Most of you use S/R, Fibonacci, RSI, Stochastics, etc which at some point fail.

Have you ever seen a professional trader screen? Among stochastics and other indicators there is always something else which probably passed unobserved by most of you who have seen such a screen.
  • #78
  • Jan 31, 2014 6:45am Jan 31, 2014 6:45am
Personally i try always to not think conventionally.
I create some indicator based on math. This algo are not use to nobody but the market seem like it.
Belowe an example
http://gyazo.com/bec28dca61fd9c3a423b19e23eacb39d
  • #79
  • Jan 31, 2014 6:47am Jan 31, 2014 6:47am
Very interesting insight to think in a different way,as a newbie with all the stuff on FF was hooked to the idea of using indicators to trade but as pointed out it fails at one point or the other.waiting to learn new method to trade
  • #80
  • Jan 31, 2014 6:54am Jan 31, 2014 6:54am
Quoting exchange101
{quote} ONLY common use indicators confuse traders, candlestick patterns, etc ... everything works to some extent, until it fails Most of you use S/R, Fibonacci, RSI, Stochastics, etc which at some point fail. Have you ever seen a professional trader screen? Among stochastics and other indicators there is always something else which probably passed unobserved by most of you who have seen such a screen.
Many Time i see BB or some instrument for study the volatility
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