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C.R.E.A.M- Naked FX/Futures Daytrading

  • #441
  • Sep 25, 2015 5:26am Sep 25, 2015 5:26am
USD/JPY Long
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  • #442
  • Sep 25, 2015 9:13am Sep 25, 2015 9:13am
Quoting cashforex
Hey Keyser, thanx for the feedback, so basically we identify S/D levels on the daily first and then drop to the H1 chart and then within the daily level we look for our entry, it would be good i you could illustrated, i appreciate all your hard work man just trying to master this concept cheers
I start at the monthly and work my way down. I'd recommend you do the same. The htf open/closes are key levels for me. You want to create a price map of possible scenarios and be prepared for each one.

Also I recommend you pick one pair and focus on it.
Money Talks, Bullshit Walks
  • #443
  • Sep 25, 2015 8:38pm Sep 25, 2015 8:38pm
Quoting Keyser_Soze
{quote} I start at the monthly and work my way down. I'd recommend you do the same. The htf open/closes are key levels for me. You want to create a price map of possible scenarios and be prepared for each one. Also I recommend you pick one pair and focus on it.
Hey Man, Appreciate all your help, from now on i will work from the monthly down to the 30MIN and just focus on one Pair
"The htf open/closes" is this only for the Monthly,

cheers
  • #444
  • Sep 26, 2015 3:59am Sep 26, 2015 3:59am
Quoting cashforex
{quote} Update on GOLD Yeah baby {image}
Your stop would have been the perfect entry I believe. If you ask me breaking through the cumulation area of 1184-1194 is possible.
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  • #445
  • Sep 26, 2015 8:49am Sep 26, 2015 8:49am
[quote=bg_sunny;8510212]{quote} Your stop would have been the perfect entry I believe. If you ask me breaking through the cumulation area of 1184-1194 is possible. {image}[/quo
Thanx Bg Sunny I managed to take my 3:1 profit so it was all good
  • #446
  • Sep 26, 2015 11:10am Sep 26, 2015 11:10am
Anyone knows what this is?
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  • #447
  • Edited 8:53pm Sep 26, 2015 1:13pm | Edited 8:53pm
Shake & Bake Time.

Just stoppin' by the old Keyser thread, the only thread worth a look.

C'mon BG, you should know this....

"Shake & Bake Time" for all the suckers. Symmetrical wedge, upside down Pennant. Keyser in a past post called it a coil. Give it your own name. The only thing important is,.... how you gonna trade it. There were plenty of safe intraday moves within this already as this is a Daily.

Every Tom, Dick and Harry is seeing this on the charts and off the charts so get ready for the nonsense. You can be sure the bastards responsible for sending in the orders will send in what's left of the weaker side first as bait holding the true bulk for the right time. Then hammer the mother-load hard the other way. It's what I would do if I had the power. {{{grin}}} You might even see another Shake & Bake after this one.

Anyway, I'm just makin' up shit. Wait for the clear direction after any nonsense and then trade the S&D moves. Is this it for the dollar? Who knows.... Just trade around the bitch. We will see...

Don't make the same mistakes I did in the beginning. You should look for what's not so obvious. These will be your money trades with the highest probability and tightest stops. Good Luck Pal...

Quoting bg_sunny
Anyone knows what this is? {image}
SPC * Swollen PocketZ Crew!
  • #448
  • Sep 26, 2015 5:38pm Sep 26, 2015 5:38pm
Quoting JoeNY
Shake & Bake Time. Just stoppin' by the old Keyser thread, the only thread worth a look. C'mon BG, you should know this.... Some may call it a symmetrical wedge, others may say an upside down Pennant. Keyser in a past post called it a coil. I call it.... "Shake & Bake Time" for all the suckers. Give it your own name. The only thing important is,.... how you gonna trade it. There were plenty of safe intraday moves within this already as this is a Daily. Every Tom, Dick and Harry is seeing this on the charts and off the charts so get ready for the...
Hey JoeNY thanks mate. I'll wait and see then.
How are you? Life is good?
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  • #449
  • Sep 26, 2015 6:27pm Sep 26, 2015 6:27pm
i still can't tell if bgSunny is being facetious or really does not know what that is. Either way, it's price constriction...we all see it. Take it as it comes in either direction.

Thanks Keyser for the cool thread...you are one of my favorite traders
  • #450
  • Edited 7:54pm Sep 26, 2015 7:05pm | Edited 7:54pm
Life's good Brotha

Quoting bg_sunny
{quote} Hey JoeNY thanks mate. I'll wait and see then. How are you? Life is good?
SPC * Swollen PocketZ Crew!
  • #451
  • Sep 27, 2015 4:01am Sep 27, 2015 4:01am
Quoting bryn077
i still can't tell if bgSunny is being facetious or really does not know what that is. Either way, it's price constriction...we all see it. Take it as it comes in either direction. Thanks Keyser for the cool thread...you are one of my favorite traders
Really was not sure. Still a beginner (and currently not allowed to trade due to professional reasons, i.e. 30days minimum holding period on any asset class since we are classified "exposed to market-sensitive information"). Not being facetious.@JoeNYGreat to hear that, all the best to you, bank dem pips for me
Demo only
  • #452
  • Sep 27, 2015 3:50pm Sep 27, 2015 3:50pm
Quoting bg_sunny
{quote} Really was not sure. Still a beginner (and currently not allowed to trade due to professional reasons, i.e. 30days minimum holding period on any asset class since we are classified "exposed to market-sensitive information"). Not being facetious.@JoeNYGreat to hear that, all the best to you, bank dem pips for me
Oh ok...so you are relatively new to technical trading ? But you have experience with financial markets ? You will see this pattern all the time...it's likely to break out sooner or later. I thinks it's just symptomatic of the type of volatility we are seeing these days with strange correlation across the board. And/or we've got a good many hedgers on the top and bottom of that form and it just doesn't want to move until they are absorbed...that's my outlook anyway.

And I agree with JoeNY...it is likely to muck about for a bit.

I don't typically enter at SD zones on limit...used to. Now I target SD levels. So for me...perhaps we'll see a false crack short then a move up to 123/124 supply. I follow the daily charts for my 'top down' but I do not enter on them...so, this is just my analysis on the condition. Here is a chart.

http://screencast.com/t/B4XDkFvk78

Cheers...hope your enjoying FX

Bryn
  • #453
  • Sep 27, 2015 8:13pm Sep 27, 2015 8:13pm
Quoting cashforex
USD/JPY Long {image}
Cashforex...I have been looking at some of your trades and it is cool that you post charts where the intent is clear. On this UJ long...at first glance I thought, no...price is already too extended and you're buying into the top of a range. Of course, price could have cracked long and traders will place this type of order...But, I just did not see price advancing much further without pulling back into the range at least 25 to 50 % to find more substantial support.

It did crack long on US GDP @ 8:30 am ET NY session but fell back as the session moved on..not quite sure if you're still in that one or not. I know feedback and criticism is always easy after the fact...this was my gut reaction.

My thoughts...take care,
Bryn
  • #454
  • Sep 28, 2015 3:59am Sep 28, 2015 3:59am
Quoting bryn077
{quote} Cashforex...I have been looking at some of your trades and it is cool that you post charts where the intent is clear. On this UJ long...at first glance I thought, no...price is already too extended and you're buying into the top of a range. Of course, price could have cracked long and traders will place this type of order...But, I just did not see price advancing much further without pulling back into the range at least 25 to 50 % to find more substantial support. It did crack long on US GDP @ 8:30 am ET NY session but fell back as the session...
Thanx for the feedback appreciated
  • #455
  • Sep 28, 2015 4:07am Sep 28, 2015 4:07am
Gold What about a shorting opportunity
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  • #456
  • Sep 28, 2015 5:20am Sep 28, 2015 5:20am
Quoting cashforex
Gold What about a shorting opportunity {image}
Broken the wedge
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  • #457
  • Sep 28, 2015 9:09am Sep 28, 2015 9:09am
Quoting cashforex
{quote} Broken the wedge {image}
It's cool you got in...what was your trigger on that one ?
  • #458
  • Sep 28, 2015 12:58pm Sep 28, 2015 12:58pm
Quoting cashforex
{quote} Broken the wedge {image}
I don't want to sound like a dickhead, but I think your drawing was very generous.
This is what I see:
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I couldn't identify any sell/buy "signal".

because this is how it looks like before the drop:
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One could very well argue for a Long trade here, since looking left there was some accumulation, how exhausted it was would have been to be determined by going up in time frames or looking further left.

Further, there is a liquidity gap that just formed before this "wedge", so one more argument against a short.
If I see a setup like this on my time frame I trade on, well it's just not a setup for me.
My conclusion is that this was a gambling trade, but you took it and didn't post some after the fact sh*t, so respect to you.

Anyway, I'm in since 1150, which in hindsight is a piss poor entry considering that 1153 would have been the textbook perfect entry, butr a lack of confidence and a fear of missing the entry on my side, also impatience made me place my pending order at 1150. If the T/P is hit, I will have lost 0.5R due to all a/m factors which is so much that I am really pissed.

Check it out:
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Demo only
  • #459
  • Sep 28, 2015 1:13pm Sep 28, 2015 1:13pm
Quoting bryn077
{quote} Oh ok...so you are relatively new to technical trading ? But you have experience with financial markets ? You will see this pattern all the time...it's likely to break out sooner or later. I thinks it's just symptomatic of the type of volatility we are seeing these days with strange correlation across the board. And/or we've got a good many hedgers on the top and bottom of that form and it just doesn't want to move until they are absorbed...that's my outlook anyway. And I agree with JoeNY...it is likely to muck about for a bit. I don't typically...
No problem mate, all good. Kinda new, I saw Keyzers video the first time in 2013, but tbh, I learned that I need to grow up before I can trade. Patience is something that you can learn, but for me there was a time in life (exactly one year ago) where I did grasp what patience actually means and how to become (not be, that's another stage) patient. I needed the environment (worked at a syndication desk for plain vanilla letters of credit and other export-related bank risk selling on the secondary market - their definition of short term was 180-360 days) and I needed the people around me who were much older and told me that it is OK to take your time. Last but not least, the country I live in is said to be boring (it's not when you give it its time) and therefore very attractive to become patien WITH YOURSELF. Still learning it.
Actually I managed to stay above my demo deposit for the first time over 3 weeks this month with 14% up and 9.5% DD. So I am a beginner. This thread and JoeNY's, as well as the SD in a nutshell thread have helped a lot, along with some screentime.

I do know some things about financial markets, I currently work in a Sales & After Sales team at a financial institution where we function as a distribution channel for (not exclusively) third party funds (hedge funds, bond funds, equity bonds, cat bonds, you name it...).

Yes I do enjoy FX, before it was for the thought of quick money, now it's because it's one of the very few challenges that has really captured me in life. One day I will hit it off though, I know it. But I don't look for that moment. It will come all by itself.
Hope you enjoy FX, too. Thank you for your kind words.
Cheers
Demo only
  • #460
  • Sep 28, 2015 7:19pm Sep 28, 2015 7:19pm
Quoting bg_sunny
{quote} No problem mate, all good. Kinda new, I saw Keyzers video the first time in 2013, but tbh, I learned that I need to grow up before I can trade. Patience is something that you can learn, but for me there was a time in life (exactly one year ago) where I did grasp what patience actually means and how to become (not be, that's another stage) patient. I needed the environment (worked at a syndication desk for plain vanilla letters of credit and other export-related bank risk selling on the secondary market - their definition of short term was...
Cool...you remind me of a trader pal of mine from New Zealand...knows the fundamentals of the NZD and AUD like the back of his hand and can backtest like a madman, but...was, fairly new to technical trading and its idiosyncratics...particularly regarding trading psychology.

To me there is a sensibility required in effective trading...basically stated it's striking a balance between; patience, discipline, persistence, diligence, deliberation, and execution.' This of course coupled with keen technical skill.

Take my ideas with a grain of salt though...I am not out of the woods yet, I still trade a fairly small account but get better day by day...and like you say, it will come...process is sooo important.

Anyhow...for some meat. Took a short on the NU today, Daily was down so a short bias. Price was rallying towards .635 perceived resistance on the hourly...

http://screencast.com/t/p4l3wf88uFzQ

I enter on the 5min (always) at perceived supply. Sell on stop.

http://screencast.com/t/8uxH0IeZR0Q

I missed my 15 pip TP by a pip or two...so, this late in the day on a Monday I would just BE...and was stopped out. Many traders here may not take that as a valid SD level but that's cool, I am not solely a SD trader and given the context I was ready to short this pair. Actually should have been in one retracement ago but slept a little too late...lol !

Cheers,
Bryn
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