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Extracted Thread (per thread starter's request)

#2,081
Jul 6, 2014 4:20pm Jul 6, 2014 4:20pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting rocky

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{image} {image}

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Looking at the coming week I see strong technicals on the Daily chart pointing to the area of 1.3548 for a "Long" bias (EUR Futures not Spot). This is my "area of interest". Once PA reaches this area I will analyze a lower time frame chart for a VSA setup along with analyzing my Number Indicator, which is the DX (U.S. Dollar).

And to make sure we are all on the same page this is not trading advice but strictly for educational purpose. Have a profitable trading week, Rocky!

#2,082
Jul 6, 2014 7:06pm Jul 6, 2014 7:06pm

Trappist
| Joined Feb 2012 | Status: Trader | 167 Posts

Quoting rocky

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{quote} Looking at the coming week I see strong technicals on the Daily chart pointing to the area of 1.3548 for a "Long" bias (EUR Futures not Spot). This is my "area of interest". Once PA reaches this area I will analyze a lower time frame chart for a VSA setup along with analyzing my Number Indicator, which is the DX (U.S. Dollar). And to make sure we are all on the same page this is not trading advice but strictly for educational purpose. Have a profitable trading week, Rocky!

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Rocky,

After I have studied your charts you shared lately, i realised that a trader needs to have the strong patience to wait for the trade setups to maturate in higher time frames. For example you had a trade setup where we waited for c.a 13 4h-candles before we entered at a 30m demand zone with a confluence on LVN of 4h chart. (http://www.forexfactory.com/showthread.php?p=7569039#post7569039)

What i want to ask if you trade intraday setups anymore which you were doing on 15m charts very nicely sometime in 2012-2013.

#2,083
Jul 6, 2014 7:34pm Jul 6, 2014 7:34pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting Trappist

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{quote} Rocky, After I have studied your charts you shared lately, i realised that a trader needs to have the strong patience to wait for the trade setups to maturate in higher time frames. For example you had a trade setup where we waited for c.a 13 4h-candles before we entered at a 30m demand zone with a confluence on LVN of 4h chart. (http://www.forexfactory.com/showthread.php?p=7569039#post7569039) What i want to ask if you trade intraday setups anymore which you were doing on 15m charts very nicely sometime in 2012-2013.

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Trappist, my main focus is analyzing the daily and 4 hour charts. However I also trade Intraday. I have 2 accounts I trade and all my trades are not shown. I trade with Interactive Brokers and Optimus Futures. So the trades I post aren't my only trades. I trade long term and short term. My method can be used on any time frame. But I have found with trading that with the long term charts my account grows faster with less stress. You just have to be patient and let PA come to you.

Have to run, my kids are yelling at me to start the fire pit for some high calories Smores, Rocky!

#2,084
Jul 6, 2014 8:41pm Jul 6, 2014 8:41pm

Trappist
| Joined Feb 2012 | Status: Trader | 167 Posts

Quoting rocky

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{quote} Trappist, my main focus is analyzing the daily and 4 hour charts. However I also trade Intraday. I have 2 accounts I trade and all my trades are not shown. I trade with Interactive Brokers and Optimus Futures. So the trades I post aren't my only trades. I trade long term and short term. My method can be used on any time frame. But I have found with trading that with the long term charts my account grows faster with less stress. You just have to be patient and let PA come to you. Have to run, my kids are yelling at me to start the fire pit...

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I wish i could practice next to you with your mentorship for a few months to handle the issue with patience and get more courage with the validity of my setups.

Enjoy the Smores. Your kids are lucky

#2,085
Jul 6, 2014 9:36pm Jul 6, 2014 9:36pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting Trappist

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{quote} I wish i could practice next to you with your mentorship for a few months to handle the issue with patience and get more courage with the validity of my setups. Enjoy the Smores. Your kids are lucky

Ignored

Thanks Trappist, you're a good man. My method is very easy, it just takes practice and trusting your entries based on your analysis. It's a game of probabilities.
Even with great set ups the Market will do what it wants to do, there is no guarantee a trade will be successful.

There's a few free webinars I want you to watch given by Tim Morge. He is one of the largest sovereign wealth fund managers in the world. His fund is over 100 Billion dollars, yes 100 Billion . Guess what he uses to trade this fund? Pitchforks and Parallel lines, that's it. There's about 12 webinars each lasting between 1 to 2 hours. Go to www.interactivebrokers.com. Go to "Education", webinars, Recorded webinars, Industry Sponsored, click "All Speakers, scroll down until you find Tim Morge. Watch his educational webinars. Hope this helps, Rocky!

#2,086
Jul 6, 2014 9:39pm Jul 6, 2014 9:39pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#2,087
Jul 6, 2014 9:43pm Jul 6, 2014 9:43pm

Trappist
| Joined Feb 2012 | Status: Trader | 167 Posts

Quoting rocky

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{quote} Thanks Trappist, you're a good man. My method is very easy, it just takes practice and trusting your entries based on your analysis. It's a game of probabilities. Even with great set ups the Market will do what it wants to do, there is no guarantee a trade will be successful. There's a few free webinars I want you to watch given by Tim Morge. He is one of the largest sovereign wealth fund managers in the world. His fund is over 100 Billion dollars, yes 100 Billion . Guess what he uses to trade this fund? Pitchforks and Parallel lines, that's...

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Thank you for the tips. I will watch Tim Morge.

#2,088
Jul 7, 2014 8:48am Jul 7, 2014 8:48am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#2,089
Jul 8, 2014 1:46am Jul 8, 2014 1:46am

EinsWaltz
| Joined Sep 2013 | Status: Trader | 131 Posts

Rocky when u trade using bolinger band in your first post...what time frame do you use to enter the bolinger break?

why do you stop using bolinger band?

#2,090
Jul 8, 2014 6:06am Jul 8, 2014 6:06am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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Double click chart twice to enlarge, Rocky.

#2,091
Jul 9, 2014 1:55am Jul 9, 2014 1:55am

Trappist
| Joined Feb 2012 | Status: Trader | 167 Posts

Quoting rocky

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{image} Double click chart twice to enlarge, Rocky.

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Hi Rocky,

I will pause studying the charts for some weeks because I feel that I've become paralysed. I managed to incorporate supply/demand zones, fibs ret/ext and VSA, however i failed with Volume Profile.

Hope that I will find you here when I'm back.

Have a nice summer.

#2,092
Jul 10, 2014 11:08pm Jul 10, 2014 11:08pm

EinsWaltz
| Joined Sep 2013 | Status: Trader | 131 Posts

rocky...if u enter when all the confluences happen...then what about your exit? is it the same as entry? wait for all the confluences?

#2,093
Jul 14, 2014 5:27am Jul 14, 2014 5:27am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting EinsWaltz

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rocky...if u enter when all the confluences happen...then what about your exit? is it the same as entry? wait for all the confluences?

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EinsWaltz, that's correct. I wait for confluences. Rocky!