Commit to the Trade

clean chart, only price candle.
I am sure You are among the top 5%

Thanks ... just sharing what I do

TSD

Trading the JPY Live



we got short on Money taking us into Supply



A little better picture of what we are doing



Price rolling back up and Relative Volume showing no real effort to take us higher we got short a second Position

TSD

Trading the JPY Live - Cont:



Price beginning to move short in our favor



Price nearly hit of TP below and then rolls back up. At this point decision time as price touches Secondary Supply on the 5M.

Trading what I think instead of what I see, I bailed on both positions. Why? My thinking was not correct. There was really no reason for me to leave either position. But at the time I thought, "price was probably not going to return to our TP". So I took a scratch on the trade. Very poor execution, absolutely no patience. as we can see price did return to take out both TP's.

Why show this trade. To prove the point of the REWIRE. Hind site being what is vs. actually in the trade decisions (trading live), one can see what can happen. Yes, I did not loose any $$ but I did loose profit for not being patient, not executing according to plan and structure. There was absolutely nothing that said: "I should get out" to the contrary... Price, Volume and Structure were screaming stay in! This is a classic example of "Trading what you think and not what you see "

The requirement of the REWIRE is to structure your thought process, your thinking, to operate in your best interest. The actions in this trade were clearly not in my best interest.

Next trade

TSD

Lovely work TSD.

Keep'em coming. Charts really tell the story!

Majority of threads just seem to want to cherry pick and show the winners, but this type
of honesty really shows how advanced your trading really is.

Will we ever be like a robot, no way! Thank goodness not. I think the more we are open the better we can become at executing our
ideas and even have more fun in the learning process.

Cheers

Trading the JPY Live - Short Scalp



We see not real effort to take price above the small Supply Area. We got short on two positions



We can see that Relative Volume has create a Demand on 5M. This was our TP are for the Short Scalps. We let the two positions play out on a second attempt at the Supply Area. ( we defined our risk.. let the trade work.. patience ). Relative Volume was showing no pressure upwards. Price eventually rolled back down to our 2 TP's claiming 13 pip for each position for a total of 26.



We can see the next logical area in the higher TF = Demand on the 15M. (you can also see these areas on the 30M). Pressure was to the down side so we step down in the smaller TF to scalp shorts on Supply.

TSD

Hi Sunny,

Thanks.. Just trying show why we do what we do. Why the REWIRE is so important and why trading is much more mental then method.

TSD

Trading the JPY Live



4HR



5M we got Short 1



5M got Short a second position

Trading the JPY Live

Trading the JPY Live

Trading the JPY Live

Trading the JPY Live




Exited both positions as no follow through on the retrace.. PINs on Volume..

11 pips

Trading the EUR Live





Was looking to take a second position around the 1284 area but was away from my screen when price did roll back deeper into Demand

Trading the EUR Live



adjusted the upward trend line as a new HL was created



we step down in TF to see were the market might be heading on this retrace. The 5M Demand show a possible area along with the newly adjust trend line from the previous above screen shot



We take it back out to the 30M and we see a small PIN at a Support Level..light blue line, as well as the trend line mentioned above.
we are now trading in quieter period so patience is the key here.

Thanks for starting this great thread TraderinSD.

The explanations and chart documentation are outstanding.

Trading the EUR Live

You are most welcome Borg.

TSD

Trading the EUR Live



Clear off some of the clutter on the screen. We see price had a swing back down to a 30m Demand or back into to the 1 HR Demand is you prefer. I tend to define more than one Area .. a little more precise. As we see price struggling to get past our Interim Supply. we should see a break through Supply as it has been hit numerous times. Price appears to be making another attempt?

Patience

TSD

Trading the EUR Live




Not a good sign

Trading the EUR Live



Stop out for 33 pip loss

TSD