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Attachments: TRD
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TRD

[q
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Quoting TheRealDeal
Nugget: After you find these areas its easy. Market will always push price to the less liquid side of the market, which is basically where price moved fast and parabolic. These moves create liquidity gaps, which are being filled with the time. Market tends to fill most recent gaps. got that?
less liquid side basically means where the stops are right?

edit: never mind I got it now
In the end its just a stupid numbers game
Quoting feline207
http://www.forexfactory.com/attachme...1&d=1445949499 i am talking about that trade. i dont understand were you just lucky on entry and exit or you have strict criteria to get it. that was perfect counter-trend
There is no such a thing "strict criteria" in markets. They are not strict. There is no entry/exit system. There is no "Just tell me when to get in?"
Nothing works all the time. If you trade long enough you will know it.

And entries do not need to be perfect. If you think that market will go up, you just buy it. You dont need pins, engulfings, divergence, overbought/orversold and all the retail crap. as long as you see that price turns you enter...

1. I knew the area is good.
2. I expected the price to go to 5380.
3. I understand the concept of liquidity pools and gaps
4. I take only trades which give me at least 5R. Nothing less.
5. I try to take trades which no one will. That are the trades which work out. Always.
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Quoting feline207
[q {image}
ofc these too. i don't have them all marked. I do not need.
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Quoting danzka
{quote} less liquid side basically means where the stops are right? edit: never mind I got it now
exactly the opposite
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Quoting TheRealDeal
{quote} There is no such a thing "strict criteria" in markets. They are not strict. There is no entry/exit system. There is no "Just tell me when to get in?" Nothing works all the time. If you trade long enough you will know it. And entries do not need to be perfect. If you think that market will go up, you just buy it. You dont need pins, engulfings, divergence, overbought/orversold and all the retail crap. as long as you see that price turns you enter... 1. I knew the area is good. 2. I expected the price to go to 5380. 3. I understand the concept...
What do you think of this trade idea?
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Quoting Madmoney
{quote} What do you think of this trade idea? {image}
you may be late my friend. But looks ok.
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Quoting TheRealDeal
{quote} you may be late my friend. But looks ok. {image}

JPY pairs are very spiky. So its hard to differentiate which spike was genuine gap fill and which not. If the recent gaps above are filled (really) then price shouldnt go back to 120.80-121.00. And first target is clear 119.80
Quoting TheRealDeal
{quote} you may be late my friend. But looks ok. {image}
Yea I did see that on H1 but the R:R is good
Very good. The R is the only parameter we have control over and it is the most important. No matter how precise your entry is, if it doesn't run for at least 5R, it's not worth your efforts. With good entries we can impress only lazy retailers, who never saw their account grow.

Talking about account growth I started a challenge where I plan to turn 50$ to 1mil in less than a year. I am now at around 260$. I won't put any trade explorer here, but I may post account statistics from time to time. This may help you see that trading is not for everyone. Everybody faces drawdowns, losing streaks, emotional breakdown. It all reflected in the equity chart.

Most people don't even know what is waiting for them. Many do not have the patience.
I promise if you could look in the future and see what you have to go through to succeed, you will give up right now.


Quoting Madmoney
{quote} Yea I did see that on H1 but the R:R is good
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Gm, Traders!
Looks like USDX refused to break the purple zone. We are running in range already, so banks accumulating positions already. We see LHs and LLs.
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The market didn't move during this week. I think they are waiting for news and I don't expect any important move until these.
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Quoting carlostedo
The market didn't move during this week. I think they are waiting for news and I don't expect any important move until these. {image}
GU will move a bit. They are preparing the market since few days yes. Before the news they will stop adding positions. So we have to get on board now or later in the day. Otherwise it doesnt make sense to trade today. Market its very hard...
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Quoting TheRealDeal
{quote} GU will move a bit. They are preparing the market since few days yes. Before the news they will stop adding positions. So we have to get on board now or later in the day. Otherwise it doesnt make sense to trade today. Market its very hard... {image}
My view is the same, GBPUSD up. But my view is in daily timeframe.

You have a natural way to explain things, and i can see a strong experience behind your explanations. Way to go!
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"What would you attempt to do, if you knew your success was a certainty?"
today there will be a white swan
Quoting feline207
{quote} today there will be a white swan
So no rate hike you say :-) You sound like a market analyst.
Doesnt matter what the decision is. Most important - we anticipate and play it like anticipated!
Quoting TheRealDeal
{quote} So no rate hike you say :-) You sound like a market analyst. Doesnt matter what the decision is. Most important - we anticipate and play it like anticipated!
i agree. as i said - the swan is white
hike or no hike
a false spike would be nice
In the end its just a stupid numbers game
dont care about news, price plays own way:

most of the profit banked at stop level. Lets see if rest runs.
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