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COGS's Mental Forex Journey!!

  • #21
  • Jun 24, 2015 11:59pm Jun 24, 2015 11:59pm
Quoting lazyegg
Nice chart, 1M is too quick for me, do you think it will work at 1HR TF too? thx

Hey Lazy this definitely can used on a higher time frame. Especially confirming KEY zones. I would suggest tight Stops with it thou. I have never really done high time frames but the idea still applies and I would say be even more accurate minus news events, just watch the lower TF's for weakness.

Thats a whole new topic, news events, which is why I shy away from higher timeframe trading because of the volatility that news events give. But way, either studying the principle can be applied.

I will attach a break down I developed to understand the principle of CVI compared to PRICE and when to identify weakness/strength
Attached Image(s) (click to enlarge)
Click to Enlarge Name: highertimeframe.png Size: 94 KB
Click to Enlarge Name: Identifying Divergence.jpg Size: 130 KB
Attached File(s)
File Type: xlsx CVI-Divergence.xlsx   9 KB | 374 downloads
Learn, a forex trader must, unlearn and relearn he will.
  • #22
  • Jun 25, 2015 1:20am Jun 25, 2015 1:20am
see the differents? the top one is from ThinkForex, the bottom is from FXCM demo
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2015-06-24 23-18-33-616.jpg Size: 299 KB
Never say no to PIPS
  • #23
  • Jun 26, 2015 10:07am Jun 26, 2015 10:07am
Not much haha, should be good to go

Quoting lazyegg
see the differents? the top one is from ThinkForex, the bottom is from FXCM demo {image}
Learn, a forex trader must, unlearn and relearn he will.
  • #24
  • Jul 5, 2015 3:57pm Jul 5, 2015 3:57pm
what a perfect set up, I should stay little long to gain 40 pips. shame on me
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2015-07-05 13-56-11-471.jpg Size: 223 KB
Never say no to PIPS
  • #25
  • Jul 5, 2015 7:08pm Jul 5, 2015 7:08pm
Quoting lazyegg
what a perfect set up, I should stay little long to gain 40 pips. shame on me {image}
just to take it a little further, price broke the down trend, as well as volume down trend, with a slight double bottom
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 462 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #26
  • Jul 6, 2015 6:39pm Jul 6, 2015 6:39pm
The fun days of monday...........especially after the GREECE debt issues.

Couldnt of asked for a better setup today. When these setups happen its almost to good to be true and when they happen they happen quick(on lower timeframes).

Price comes in to the 122.865-122.920 range quickly with 2 big thrusts @ 17:30. These big thrusts, I think happen for 2 reasons. No sellers and big buyers.

TO be more specific, when price moves closer to key areas of SUPPLY/DEMAND zones we run out of action because most traders understand the importance of these levels. In todays case, I personally think no one was selling (yet) right before the big thrust and a big player trying to limit risk took this position but because no one was selling the price moved higher until those orders will filled, hence why price moved 120 ticks in under 2 minutes.

Second reason - A news event, but not a high impact event.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy33.png Size: 63 KB
Click to Enlarge Name: usdjpy34.png Size: 56 KB
Attached Image
Learn, a forex trader must, unlearn and relearn he will.
  • #27
  • Jul 6, 2015 6:44pm Jul 6, 2015 6:44pm
Quoting lazyegg
what a perfect set up, I should stay little long to gain 40 pips. shame on me {image}

This ones for you LazyEgg on the 15 minute chart Price hits SUPPLY zone, with lots of EURO selling, price did hover here for a bit but retreated afterwards.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd13.png Size: 53 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #28
  • Jul 6, 2015 6:57pm Jul 6, 2015 6:57pm
This next one is to highlight the importance of always looking for exits,

Price makes a low of 122.570 with a shoting star candle, a double bottom, price in demand area. Great entry, price had a lot potential but it lost steam.
We had lots of positive volume but the only problem price didnt thrust up past previous high. This is a sign of weakness.

We get a lower high with price and an area of volume being a the same level. THis is an area of weakness, which is reason to close the position. Remember closing the position there is never anything wrong with that. You should always pat yourself on the back when you close a position. No one is gonna get upset. Finding great entries is always really nice, but you should always congratulate yourself for letting trades go before they move against you with the signs of weakness.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy35.png Size: 57 KB
Click to Enlarge Name: usdjpy36.png Size: 112 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #29
  • Oct 5, 2015 6:04pm Oct 5, 2015 6:04pm
Nice use of divergence. Still trading Nadex?
  • #30
  • Oct 5, 2015 8:05pm Oct 5, 2015 8:05pm
Quoting JR97
Nice use of divergence. Still trading Nadex?
Everyday, how about you ?
Learn, a forex trader must, unlearn and relearn he will.
  • #31
  • Oct 5, 2015 10:27pm Oct 5, 2015 10:27pm
Oh yeah. I"ve got an Iron Butterfly on the AUD/USD right now. Price smack dab in the middle where it belongs.
  • #32
  • Dec 23, 2015 7:46am Dec 23, 2015 7:46am
Hey Cogs, inspirational read, great thread please if you don't mind could you tell me where I can find the cumulative volume indicator, I have been looking online but to no avail, was thinking about getting one similar and implementing into strategy for price volume divergence analysis, many thanks

Quoting COGSx86
"The Journey of the unknown begins in FOREX" COGs The Journey of the unknown begins in forex, with high hopes and a direction to achieve. The greed, the commitment, the satisfaction, the highs and lows all bring together a journey that brings your true colours out in times of sorrow, happiness , frustration and ummm every other emotion that the human goes through when trying to succeed at something that they refuse to give up one. The Journey begins with one step, even thou that first step could be over the cliff, its gotta be made to learn the...
  • #33
  • Dec 23, 2015 1:45pm Dec 23, 2015 1:45pm
Quoting JohnDalio
Hey Cogs, inspirational read, great thread please if you don't mind could you tell me where I can find the cumulative volume indicator, I have been looking online but to no avail, was thinking about getting one similar and implementing into strategy for price volume divergence analysis, many thanks {quote}

Here you are sir!!
Attached File(s)
File Type: ex4 COGS'S_Cumulative_Volume v1.1.ex4   9 KB | 526 downloads
Learn, a forex trader must, unlearn and relearn he will.
  • #34
  • Dec 23, 2015 7:12pm Dec 23, 2015 7:12pm
Quoting COGSx86
{quote} Here you are sir!! {file}
Hey Cogs, thank you very much, wishing you happy holidays!
  • #35
  • Last Post: Apr 11, 2017 9:57pm Apr 11, 2017 9:57pm
How's Nadex treating you these days? I took a break from it for a while but been back at it for a few months. Mostly doing OTM's with orders setup for one touch's on the strike for the London Breakout through NY Open and then a few ITM/ATM's during the slower Asian session on AUDUSD.
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