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Consequence Pilot Level Trading

  • #21
  • Sep 9, 2014 2:37pm Sep 9, 2014 2:37pm
Quoting TheDDReport
{quote} okay cool, thank you for the response. Look forward to learning as much as I can from you. Iv been following your journal for a long time praying you would teach your ways eventually.
thx for the kind words, hope this thread serves good to you and whoever else that follows..
Passion, Persist, Patience, Protect
  • #22
  • Edited 3:24pm Sep 9, 2014 3:02pm | Edited 3:24pm
Ok the end of the day chart display.. I try to make the effort to do this every night due to its importance.. knowing and becoming familiar with drawing the correct levels are vital.. in the hindsight it's easy to see them, but in real time in the heat of the market it needs extra concentration, solid background in your mind, quick thinking and confidence to act on it.. practice trades will cure all that no worries.

Today considers as a great day for this style... within the first a few trades and couple of hours the daily goal (DG) is meet.. but also post DG trades have been also great with producing 8 clean winners for the day and only one bad fake out (FO)..

however whats important is to see on daily basis how often and when DG is achieved..
it boost belief and confidence to trade with fearlessly..
I hope it helps.
My own trades as shown there too.

I have added all the indicators on my chart to the 1st post.

see you all tomorrow a bit before eu open.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 65 KB
Passion, Persist, Patience, Protect
  • #23
  • Sep 9, 2014 3:33pm Sep 9, 2014 3:33pm
Hi,
Interesting is this an indicator that shows Support and Resistance?
Ron
  • #24
  • Sep 9, 2014 3:58pm Sep 9, 2014 3:58pm
Quoting packgreen49
Hi, Interesting is this an indicator that shows Support and Resistance? Ron
Yes Ron.. that indicator is YOU..

You see it.. You reco it.. You draw it..

no worries it will come with practice and once you have it you own it for good, nothing can take it away from you.
Passion, Persist, Patience, Protect
  • #25
  • Sep 9, 2014 10:34pm Sep 9, 2014 10:34pm
Quoting FXEmpire
{quote} To trade this method you need no indies.. the ones you see in my charts are just simple informational such as clocks and adr.. sure i put the in the first post.
Thanx those indis are really helpful.
Don't speculate trade with surety.
  • #26
  • Sep 10, 2014 12:50am Sep 10, 2014 12:50am
Morning all.. getting prepared before eu open here..

just some routine to go through before starting your day..

This is what I do.. check the chart of yesterday and where the price is today from days open to now.. I look to see where the daily open is compare to yesterday.. then i check to see where is the main trend..

I see eu bearish as it has been for some time now.. I see today's DO being higher than yesterday and almost back at where the Sep14th drop exhaustion happened off eu rate cut.. which tells me price could be playing inside a 80 pips bear box.. but who the hell knows..
ok.. all that just to keep on back of my mind, self awareness, that's all.. it might come handy when and where things get tight, tough and rough in the heat of the battle..

Now I don't give a hell much about all that.. I go about my business and that is to trade the next EL that I see on my chart to trade from off the eu bell..
as it is visible in the chart I do have a clear long and short EL and short pending on both side are placed with stops out of the way and targets at 15 for a wishful thinking to get the whole DG all in one shot, lol... but my job is to snag 5 and not get snagged more than 5.. all visual all manual.. skill to be put to work..

let's rock..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 67 KB
Passion, Persist, Patience, Protect
  • #27
  • Sep 10, 2014 1:03am Sep 10, 2014 1:03am
Tip for the day to make it your everyday..

Learn to Attack and Defend..
Attack when you must, without hesitation... Defend by dropping your trade, with no feelings attached..

no worries there are plenty of opportunities...

and remember.. defense wins championship.. put points on the board and defend it..
Passion, Persist, Patience, Protect
  • #28
  • Sep 10, 2014 1:20am Sep 10, 2014 1:20am
just remembered something about I left out on the my first post..

I also check the news to see if there is any major eu red ones.. try to not be involved much in such times especially having a pending open prior to release.. the real down fall is to get trigger off the gap.. which throws everything off by entering you in at price that its way away from EL..
if your already in a trade and news is coming.. you need to really re-asses and make decision about it.. if it near breakeven, its wise to close it right then for a small loss.. if it a bit farther in loss might want to keep it till you get the slightest chance for resume back to EL for closing at small loss.. with more practice trades in such situation you will get the hang of it of what to do without making a panicky premature decision.

anyways, for today you don't have to worry about news at all as there are no red ones.. fair way is wide open, lol
Passion, Persist, Patience, Protect
  • #29
  • Sep 10, 2014 1:23am Sep 10, 2014 1:23am
FX was this a valid entry? took GBPUSD long. trend looked long and daily was green. snagged 5 pips, could have probably squeezed more.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-09-10 at 12.21.54 AM.png Size: 121 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #30
  • Sep 10, 2014 1:36am Sep 10, 2014 1:36am
Quoting TheDDReport
FX was this a valid entry? took GBPUSD long. trend looked long and daily was green. snagged 5 pips, could have probably squeezed more. {image}
no that one is late.. you got chance to be in that ride about 10 pips earlier off a valid EL..
I marked your chart..
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.png Size: 94 KB
Passion, Persist, Patience, Protect
  • #31
  • Sep 10, 2014 1:37am Sep 10, 2014 1:37am
long triggered..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 71 KB
Passion, Persist, Patience, Protect
  • #32
  • Sep 10, 2014 1:44am Sep 10, 2014 1:44am
5 in da bag..

This one was easy and made a quick strong bull move.. I closed it quick off the burst bcz it hit the DO and it might have bounce back bear instantly.. i did not want to lose out and take the quick 5.. didn't even let it breath, lol..
same strong move in other spots I just as easily let it run with putting the risk at BE and looking for more but with ready finger to not lose out much.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 69 KB
Passion, Persist, Patience, Protect
  • #33
  • Sep 10, 2014 1:56am Sep 10, 2014 1:56am
Quoting FXEmpire
5 in da bag.. This one was easy and made a quick strong bull move.. I closed it quick off the burst bcz it hit the DO and it might have bounce back bear instantly.. i did not want to lose out and take the quick 5.. didn't even let it breath, lol.. same strong move in other spots I just as easily let it run with putting the risk at BE and looking for more but with ready finger to not lose out much. {image}
nice thread wish to learn from you more !! am subscribed
  • #34
  • Sep 10, 2014 1:57am Sep 10, 2014 1:57am
can you post your template file
stay cool when trade begins
  • #35
  • Sep 10, 2014 2:00am Sep 10, 2014 2:00am
Ok, price shot up nice for 15+ pips I could have got all my daily doze in one shot, but no worries.. I filled my job duty accordingly..

now.. the deal is to stay intact with the price, focus and concentration..
for the next long EL.. got watch for the next hiccup to become valid..
as for short.. the old one stays intact still till we get one up higher then to move the sell stop up for the new EL.. otherwise the existing one is the only one to go short from..
as I am typing this i see price pulling back a bit, lets see how it shapes up..
Passion, Persist, Patience, Protect
  • #36
  • Sep 10, 2014 2:03am Sep 10, 2014 2:03am
Quoting tehO
{quote} nice thread wish to learn from you more !! am subscribed
welcome teho.. glad to have you on board
Passion, Persist, Patience, Protect
  • #37
  • Sep 10, 2014 2:08am Sep 10, 2014 2:08am
Quoting rajkumar3192
can you post your template file

only if it don't sound like a demand

jk..
dear raj, I can't put up a template bcz my chart is versatile where i trade different styles and instruments etc,.. so it's not strict to this style..
my apology in this regard to all.
Passion, Persist, Patience, Protect
  • #38
  • Sep 10, 2014 2:13am Sep 10, 2014 2:13am
Quoting FXEmpire
{quote} no that one is late.. you got chance to be in that ride about 10 pips earlier off a valid EL.. I marked your chart.. {image}
I see, thank you very much for speedy response!
He who knows when he can fight and when he cannot, will be victorious.
  • #39
  • Sep 10, 2014 2:18am Sep 10, 2014 2:18am
Quoting FXEmpire
5 in da bag.. This one was easy and made a quick strong bull move.. I closed it quick off the burst bcz it hit the DO and it might have bounce back bear instantly.. i did not want to lose out and take the quick 5.. didn't even let it breath, lol.. same strong move in other spots I just as easily let it run with putting the risk at BE and looking for more but with ready finger to not lose out much. {image}
There is a little pullback 9 candles before. Why not that one ?
  • #40
  • Sep 10, 2014 2:23am Sep 10, 2014 2:23am
Quoting Traffex
{quote} There is a little pullback 9 candles before. Why not that one ?
valid question..

answer.. too tight of a range and not a quite clear loop.. also wanted to see some kind of a movement in Franky before getting wet..
Passion, Persist, Patience, Protect
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