Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 45 replies

Simple Level Trading 1 reply

As simple as possible: RENKO M5 trading 74 replies

My GBPJPY Trading Journal - Trading from level to level 23 replies

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

Quoting modeco
considering to short GBPCHF, in case this hour closes at about 1.5153 or lower. {image}
decieded to get in a bit faster, based on M15 PA. Too bad, got SL, but will countiniue watching this pair
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH1m15.png Size: 44 KB
Quoting Adeleke
{quote} they are now. but how do I know if its working?
You will see these colors lines appear in the chart.
Attached Image
Donde hay Patron no manda Marinero
Quoting Patron
AUDNZD tp 7.5 pips EURJPY tp 10.5 pips AUDCAD tp 7.5 pips AUDUSD tp 6.5 pips EURUSD tp 5.5 pips total 37.5 pips + 12. 5 pips (previously published) = 50 pips. (I've fallen asleep and there are trades that violate the rule of the news.) {image} {image} {image} {image} {image}
Hi Patron, maybe you already answered, but how do you set TP in your orders ?
Porta itineris dicitur longissima esse
Quoting Patron
{quote} You will see these colors lines appear in the chart. {image}
I have been trying to post a screen shot but cant seem to get it right. but I really see any colours, just the normal ones. I wld try to post a screen shot later
Long AU TP +5p.
starting to feel some confidence
Attached Image (click to enlarge)
Click to Enlarge Name: 40595187.png Size: 48 KB
Quoting Carpathian
{quote} Good Morning, I got a PM question what I mean by inside-outside wicks. I share the answer maybe this PA analysis is interesting to others as well. Check out the chart attached. Only candles with long(er) wick at one side are marked. Blue ones have the wick 'inside', yellow ones have the wick 'outside' their swing. Orange ones are 'failed' ones just as with any candle pattern though I would not call them failed because this is just a game a probabilities. Any pattern just increases or decreases the probability of something. {image} My idea...
Good morning all, Nice to see your chart and the way you do your analysis. It interest me because i'm also studying the same pattern. A quick question for you. Do you draw those line manually or do you have and indicator that draws them? i'm refering to the blue yellow and orange coloured square box.
Quoting bubincka
{quote} Hi Patron, maybe you already answered, but how do you set TP in your orders ?
I vary the "tp" as market conditions (volatility, momentum, S & R, etc.)
If you have no experience, you should just follow the rules, when you feel that the market is trending.
Donde hay Patron no manda Marinero
Quoting Carpathian
AJ LONG @.100 +5 TP {image} Choice made per PA big up move followed by a slow retracement above BRN.
pm sent your way
Quoting Patron
{quote} I vary the "tp" as market conditions (volatility, momentum, S & R, etc.) If you have no experience, you should just follow the rules, when you feel that the market is trending.
Thank you Patron.
I meant if you set it to a fixed value in pips varying it according to market conditions or you use some volatility measure like ATR to set your variable TP.
Porta itineris dicitur longissima esse
Trade #2

EURJPY +5 TP (late entry!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB


Trade #3

CHFJPY Out by TS (+1)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 50 KB


Trade #4

GBPJPY out by TS (+1)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 47 KB


Trade #5

AUDJPY +5 TP

[Bonus Trade #1]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 49 KB


Masterrmind...........
Master your Mind then Master your Trades
Quoting modeco
Long AU TP +5p. starting to feel some confidence {image}
Confidence is good!

Masterrmind...........
Master your Mind then Master your Trades
Quoting bubincka
{quote} Thank you Patron. I meant if you set it to a fixed value in pips varying it according to market conditions or you use some volatility measure like ATR to set your variable TP.
Using changes in volume, and an indicator of any momentum (in this case, MACD). Actually does not need indicators. I use them because I get tired and less, and if I fall in subjectivity, indicators drive me from it.
Donde hay Patron no manda Marinero
Trade #6

[Bonus Trade #2]

GBPUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 52 KB


Masterrmind..........
Master your Mind then Master your Trades
Quoting Carpathian
{quote} Good Morning, I got a PM question what I mean by inside-outside wicks. I share the answer maybe this PA analysis is interesting to others as well. Check out the chart attached. Only candles with long(er) wick at one side are marked. Blue ones have the wick 'inside', yellow ones have the wick 'outside' their swing. Orange ones are 'failed' ones just as with any candle pattern though I would not call them failed because this is just a game a probabilities. Any pattern just increases or decreases the probability of something. {image} My idea...
Hi Aron,

Thanks very much for the explanation, it is much clearer now
I am working all day today, so I won't be able to focus on trading, I might just watch the PA from the sidelines for the rest of the week and start fresh next week.
Green pips to all!

BB
Quoting Masterrmind
Trade #6 [Bonus Trade #2] GBPUSD +5 TP {image} Masterrmind..........
why did you take this trade? I see potential downtrend forming here... both currencies seem to be weak imho.
ec +5
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1 4.png Size: 62 KB
Quoting modeco
{quote} why did you take this trade? I see potential downtrend forming here... both currencies seem to be weak imho.
Decent pullback into the zone and a continuation up... only chasing 5 pips and what PA does after TP is of little concern to me.

Masterrmind........
Master your Mind then Master your Trades
Quoting Emmpoli
.......Do you draw those line manually or do you have and indicator that draws them? i'm refering to the blue yellow and orange coloured square box.
Hello Emmpoli,
I drew the boxes manually just for the sake of this analysis explaining my viewpoint of the long wick candles. I don't apply any method based specifically on these candles they are just part of overall PA analysis.
Áron
RESPECT ur discipline MM,
Whats That? you're trading What?
Quoting Qed
RESPECT ur discipline MM,
I use this technique and it requires discipline that's true!

Masterrmind.............
Master your Mind then Master your Trades
2 traders viewing now