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Alifari's Trading Journal

  • #541
  • Nov 11, 2014 4:36am Nov 11, 2014 4:36am
Eurusd m1 pa trade

trade result 1.71r
Attached Image (click to enlarge)
Click to Enlarge Name: 6-EURUSDM1.png Size: 102 KB
The purpose of knowledge is action, not knowledge
  • #542
  • Edited 7:14am Nov 11, 2014 5:17am | Edited 7:14am
GBPAUD H1 DEMAND ZONE WITHIN DAILY DEMAND ZONE & SR LEVEL

Didn't take this trade as expecting low liquidity and no follow thru due to holiday in US & Canada. But good chart for example purpose.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10-GBPAUDH1.png Size: 47 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 29 KB
The purpose of knowledge is action, not knowledge
  • #543
  • Nov 15, 2014 6:00am Nov 15, 2014 6:00am
Usdcad m15 qm sell trade

trade result +1.80r
Attached Image (click to enlarge)
Click to Enlarge Name: 27-USDCADM15.png Size: 31 KB
The purpose of knowledge is action, not knowledge
  • #544
  • Nov 15, 2014 6:15am Nov 15, 2014 6:15am
Usdchf m15 sr ftb

trade result +1.50r
Attached Image (click to enlarge)
Click to Enlarge Name: 55-USDCHFM15.png Size: 43 KB
The purpose of knowledge is action, not knowledge
  • #545
  • Nov 15, 2014 6:18am Nov 15, 2014 6:18am
Chart example - GBPJPY SD FTB
Attached Image (click to enlarge)
Click to Enlarge Name: 56-GBPJPYM15.png Size: 33 KB
The purpose of knowledge is action, not knowledge
  • #546
  • Nov 15, 2014 6:30am Nov 15, 2014 6:30am
Eurusd m15 breakout & retest of sr level + m15 demand zone

trade result +1.20r
Attached Image (click to enlarge)
Click to Enlarge Name: 63-EURUSDM15.png Size: 44 KB
The purpose of knowledge is action, not knowledge
  • #547
  • Nov 15, 2014 6:37am Nov 15, 2014 6:37am
USDCAD M15 False break of resistance and retest of supply zone

Trade Result +1.20R
Attached Image (click to enlarge)
Click to Enlarge Name: 58-USDCADM15.png Size: 39 KB
The purpose of knowledge is action, not knowledge
  • #548
  • Nov 15, 2014 6:56am Nov 15, 2014 6:56am
Audusd m15 s&d trades
Attached Image (click to enlarge)
Click to Enlarge Name: 59-AUDUSDM15.png Size: 44 KB
The purpose of knowledge is action, not knowledge
  • #549
  • Nov 15, 2014 7:44am Nov 15, 2014 7:44am
Losing trades from this week. Messed up on trade management on some of these trades due to incorrect take profit target or not moving stop loss after initial rejection.

1) EURNZD M15 SR FTB - TRADE RESULT -1.00R

2) GBPUSD M15 DEMAND ZONE IR - TRADE RESULT -1.00R

3) USDCAD M15 SUPPLY ZONE - TRADE RESULT -1.00R

4) USDJPY M15 SD FTB - TRADE RESULT -0.50R

5) GBPUSD M15 SUPPLY ZONE IR - TRADE RESULT -1.00R

6) GBPUSD M15 SUPPLY ZONE - - TRADE RESULT -1.00R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 64-EURNZDM15.png Size: 36 KB
Click to Enlarge Name: 65-GBPUSDM15.png Size: 28 KB
Click to Enlarge Name: 66-USDCADM15.png Size: 28 KB
Click to Enlarge Name: 67-USDJPYM15.png Size: 30 KB
Click to Enlarge Name: 68-GBPUSDM15.png Size: 28 KB
Click to Enlarge Name: 69-GBPUSDM15.png Size: 34 KB
The purpose of knowledge is action, not knowledge
  • #550
  • Nov 15, 2014 7:52am Nov 15, 2014 7:52am
Usdjpy m5 supply zone (M1 chart attached to show tp target)

trade result +2.00r
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11-USDJPYM5.png Size: 33 KB
Click to Enlarge Name: USDJPYM1.png Size: 28 KB
The purpose of knowledge is action, not knowledge
  • #551
  • Nov 15, 2014 8:18am Nov 15, 2014 8:18am
Quoting alifari
Usdcad m15 qm sell trade trade result +1.80r {image}
Hi Ali,Did you manage this trade live(from entry to exit)?
Thanks.
  • #552
  • Nov 15, 2014 8:21am Nov 15, 2014 8:21am
Quoting alifari
USDCAD M15 False break of resistance and retest of supply zone Trade Result +1.20R {image}
Hi Alifari,For this setup, why not wait for a breakout then buy the round test? This should has more probability. I see after the red engulf bar then decide sell pull back.Why one bar plus the potential selling zone could be so strong for a setup? Maybe the buyer be more positive buy the low then create bull outside bar.BTW, you are so great to post your losing trade here as well. Let everyone know the success will be always along with minor fail. Haha, thank you for your post! This is really trading journey!
  • #553
  • Nov 15, 2014 8:30am Nov 15, 2014 8:30am
Quoting windpower
{quote} Hi Alifari,For this setup, why not wait for a breakout then buy the round test? This should has more probability. I see after the red engulf bar then decide sell pull back.Why one bar plus the potential selling zone could be so strong for a setup? Maybe the buyer be more positive buy the low then create bull outside bar.BTW, you are so great to post your losing trade here as well. Let everyone know the success will be always along with minor fail. Haha, thank you for your post! This is really trading journey!
From my view this set up and then sell was perfect.Everyone is different.
  • #554
  • Nov 15, 2014 8:38am Nov 15, 2014 8:38am
Quoting Red Pirate
{quote} From my view this set up and then sell was perfect.Everyone is different.
Thanks Red Pirate for your reply. Please see my comments for attached pic. Just want to clarify this.
Attached Image (click to enlarge)
Click to Enlarge Name: Pic 1.png Size: 53 KB
  • #555
  • Nov 15, 2014 8:56am Nov 15, 2014 8:56am
Quoting Red Pirate
{quote} Hi Ali,Did you manage this trade live(from entry to exit)? Thanks.
No it was a set & forget order. QM trades, I usually don't try to manage trades as it unfolds because these are not based on a specific SR or SD level, so I tend to give some room for these QM setups to workout. Moreover, most of these trades have good risk to reward ratio, so in long term I think it would be more profitable by not interfering trades once triggered.
The purpose of knowledge is action, not knowledge
  • #556
  • Nov 15, 2014 9:09am Nov 15, 2014 9:09am
Quoting windpower
{quote} Hi Alifari,For this setup, why not wait for a breakout then buy the round test? This should has more probability. I see after the red engulf bar then decide sell pull back.Why one bar plus the potential selling zone could be so strong for a setup? Maybe the buyer be more positive buy the low then create bull outside bar.BTW, you are so great to post your losing trade here as well. Let everyone know the success will be always along with minor fail. Haha, thank you for your post! This is really trading journey!
See my comments on chart. Moreover, lot of these trades I take are not based on set rules but pure instinct and what the price action is suggesting at that time. Someday I might take a similar trade, someday I might skip it. It's all about getting a feel for how and where price is likely to move next.
Attached Image (click to enlarge)
Click to Enlarge Name: 58-USDCADM15.png Size: 62 KB
The purpose of knowledge is action, not knowledge
  • #557
  • Nov 15, 2014 12:52pm Nov 15, 2014 12:52pm
Gbpusd m30 supply zone ir

trade result +1.50r
Attached Image (click to enlarge)
Click to Enlarge Name: 13-GBPUSDM30.png Size: 46 KB
The purpose of knowledge is action, not knowledge
  • #558
  • Nov 15, 2014 1:01pm Nov 15, 2014 1:01pm
Quoting windpower
{quote} Thanks Red Pirate for your reply. Please see my comments for attached pic. Just want to clarify this. {image}
Ups thanks for that.I didn't see that.Yep probably valid set up for me and it will hit my SL.
  • #559
  • Edited 4:24pm Nov 27, 2014 3:35pm | Edited 4:24pm
Here it is. As per chart. (lets assume for the purpose of explaining they are good Demands)

The fresh Demand is A and A only. I see it now after the fact however live I would probably approach this way:
A new demand, B new demand, C new demand and then I would go lover TF and see new demand in the structure of D. All of this Demands ABCD actually worked but I know this is wrong approach to see all of them as fresh and thus highest probability setups. Only the most fresh ones have the highest probability chances of doing its job.

There would be one more question from the second picture. Mark pointed A where his entry Demand was and B as a TP Supply. Why he ignered C which might have had Supply in the wick of C.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: demand.png Size: 41 KB
Attached Image
  • #560
  • Edited 3:20pm Nov 28, 2014 12:25pm | Edited 3:20pm
Quoting seqds
Here it is. As per chart. (lets assume for the purpose of explaining they are good Demands) The fresh Demand is A and A only. I see it now after the fact however live I would probably approach this way: A new demand, B new demand, C new demand and then I would go lover TF and see new demand in the structure of D. All of this Demands ABCD actually worked but I know this is wrong approach to see all of them as fresh and thus highest probability setups. Only the most fresh ones have the highest probability chances of doing its job. There would be one...
There are many ways to trade supply & demand zones and it depends what type of trading style suits you.

1) High probability setups: Taking only fresh supply and demand zones at swing highs and lows and ignoring small S&D zones established in between those major zones. For long trade you have to identify a high, low, higher high and enter at demand zone which would be higher low. But these types of trades are not too frequent and one need patience & discipline to wait for ideal setup and execute it to perfection. Lot of times price come very close to our entry order and go in the direction of our take profit without our order being triggered causing frustration. See attached chart

2) Medium or low probability setups: Taking fresh supply and demand zones but both at swing highs and lows and small S&D zones established in between those major zones. These type of zones occur very frequently and offer more trading opportunities but with much lower win/loss ratio, but my average winner is around 1.5 to 2R so it compensate for low win rate. See attached chart

I have tried and tested both ways and opted for 2 mainly because it suits my personality as I like to get in and out of trades quick and taking profit and first line of resistance or support.

As regards to Mark's chart, I think he consider his take profit target on trade to trade basis and analyzing different time frames. May be in this scenario, he was anticipating price to hit higher supply and SR level as it was a significant level. Also the way price moved with momentum from A suggested price heading towards upper level and that would be the logical & ideal level for sellers to step in.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: conservative.jpg Size: 255 KB
Click to Enlarge Name: non-conservative.jpg Size: 237 KB
The purpose of knowledge is action, not knowledge
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