TRD
- #1,663
- Feb 25, 2016 6:46am Feb 25, 2016 6:46am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #1,665
- Feb 25, 2016 7:03am Feb 25, 2016 7:03am
{quote} Hi mabuchaq! Gaps are always filled. Some faster than others. All you have to do is trade in the direction of the gap fill at times where market is pushed harder. That happens usually after manipulation. we trade only after manipulation to be save. Sometimes right after, sometimes after new HL/LH is made after it. Your job is to know which gaps are open and mark them on your charts. Take GU as example. Above these gaps there is accumulation of price. There are the most orders located. And above these areas are the stops. Now there are a...
I think I got it right
In the end its just a stupid numbers game
- #1,667
- Feb 25, 2016 7:47am Feb 25, 2016 7:47am
{quote} Hi mabuchaq! Gaps are always filled. Some faster than others. All you have to do is trade in the direction of the gap fill at times where market is pushed harder. That happens usually after manipulation. we trade only after manipulation to be save. Sometimes right after, sometimes after new HL/LH is made after it. Your job is to know which gaps are open and mark them on your charts. Take GU as example. Above these gaps there is accumulation of price. There are the most orders located. And above these areas are the stops. Now there are a...
Thank you so much for the detailed reply. I will keep learning from you.
Is the below a proper trade?
- #1,668
- Feb 25, 2016 7:55am Feb 25, 2016 7:55am
{quote} well spotted. hopefully you traded it. It missed my entry by 1 pip ....
,surely I missed more trades than you are
Its actually funny this thread only got to page 84 from October last year, without Fxentropy diligence maybe its only 50 pages or so
the thread with colorful chart sure is more popular
In the end its just a stupid numbers game
- #1,670
- Feb 25, 2016 1:05pm Feb 25, 2016 1:05pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
{quote} got it
- #1,671
- Feb 25, 2016 1:19pm Feb 25, 2016 1:19pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
{quote} Hi TRD! Thank you so much for the detailed reply. I will keep learning from you. Is the below a proper trade? {image}
yeah
- #1,672
- Feb 25, 2016 1:32pm Feb 25, 2016 1:32pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
{quote} Its actually funny this thread only got to page 84 from October last year, without Fxentropy diligence maybe its only 50 pages or so the thread with colorful chart sure is more popular
Look at EU and GU trading today. Almost all highs and lows got taken out. Its accumulation environment.
I spotted this right at the london open. Then i knew what to expect. My target was to make 1-2 good trades, but i could scalp every high and low and make so much more.
- #1,673
- Feb 25, 2016 5:50pm Feb 25, 2016 5:50pm
{quote} we are all grateful to FxEntropy that he actually spent the time to show us his wisdom. Look at EU and GU trading today. Almost all highs and lows got taken out. Its accumulation environment. I spotted this right at the london open. Then i knew what to expect. My target was to make 1-2 good trades, but i could scalp every high and low and make so much more.
In the end its just a stupid numbers game
- #1,674
- Feb 25, 2016 7:03pm Feb 25, 2016 7:03pm
- | Joined Apr 2008 | Status: Trader | 1,040 Posts
Its actually funny this thread only got to page 84 from October last year, without Fxentropy diligence maybe its only 50 pages or so the thread with colorful chart sure is more popular
TRD thinks highly of him and he has contributed a lot so I hope this post is not taken the wrong way. In my case I can not trade the us session which Fxentropy's charts are set up for, but I follow along in the hope that I might learn from him and TRD. At this time I am more thankful for posts like this one: http://www.forexfactory.com/showthre...62#post8776462
Cheers
Good Trading
- #1,675
- Feb 25, 2016 11:15pm Feb 25, 2016 11:15pm
{quote} The sad thing is, apart from seeing that he is a successful trader, I am not learning anything from his posts. Obviously I do not see what he is looking at and his charts come with little or no explanation. I see much adding to losing positions and often a big draw down in relation to the eventual gain. He must use large stops in relation to the r:r or non at all. Obviously his trading is dependant on getting the direction right a very large % of the time. TRD thinks highly of him and he has contributed a lot so I hope this post is not taken...
several of his entries looks like TRD stuff, other than that I don't know
I think earlier in this thread he said something about what influenced him in trading but I haven't dig into that
Still not in the mood to learn any new concept
In the end its just a stupid numbers game
- #1,676
- Feb 25, 2016 11:58pm Feb 25, 2016 11:58pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,331 Posts | Online Now
- #1,677
- Edited 12:51am Feb 26, 2016 12:35am | Edited 12:51am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
{quote} The sad thing is, apart from seeing that he is a successful trader, I am not learning anything from his posts. Obviously I do not see what he is looking at and his charts come with little or no explanation. I see much adding to losing positions and often a big draw down in relation to the eventual gain. He must use large stops in relation to the r:r or non at all. Obviously his trading is dependant on getting the direction right a very large % of the time. TRD thinks highly of him and he has contributed a lot so I hope this post is not taken...
i read your post and i could agree with you....... , maybe someone could not understand what i'm doing IF he looks only at my trades i post and thats it. BUT if one look at what TRD did explained as rules/theory/principles + my trades, then maybe that one could understand more.
Its just a matter of deep looking into things. My2cents.
SO...let me explain briefly my 'work', maybe someone would benefit from this afterall.
1. We look at asia range (i look also where my pink line is - NY midnight 5GMT)
2. We look for a hunting above or below the asia range, in order to take our long or short position. It may be look that we dont care about the trend but we do care, thats why you need to look and understand what dollar index is doing (trend of the day): IF its short then you look to long EU GU and viceversa, if dollarx is long you look to short EU GU; And here you look to take the best of these two looking again at dollar index and EG, as last one will dictate the rithm between EU and GU (for more info look for corrolations).
3. We established that short EU is in play, then we shoud look to short ABOVE the asia high and AFTER we have seen several highs being hunted - AND THAT SHOULD HAPPEN ABOVE YESTERDAY or BEFORE YESTERDAY HIGHS. We wait for the price to develop down and on confirmation (sometimes without it) we enter short.
4. We take partial profit at the other range of asia or at a significant support resistance level and let the other part run.
Rinse and repeat.
I may take several shorts and longs at a level i found above or below asia, as i dont fire as a sniper as TRD does, but i rather spread my bullets over an area, covering myself in case that hunting is not really over and will still continue: that lead to a advantage and a disadvantage:
ADVANTAGE: you can get the pick of the trend and ride it all down but in this case you havent loaded on full your position.
DISADVANTAGE: you can get caught in loading lots of positions and at some moment you need either to take loss or to hedge and deal with a hedge position further. But i have lot of experience in this area and such conditions are meet rarely...but when i have them its giving me pain...a lot!
In such event i can lose even one week of profits . And if someone wanna enter into this strategy, he might be prepared to not lose more than you can do in one week or 2 tops!
But from a friend to another friend - I DO NOT RECOMMEND DOING THAT!
STICK WITH TRD SNIPER TRADING: one entry one loss or gain at a time. Wait for another right moment to entry and do it continuously and steady. Day in day out.
NEVER GIVE UP NEVER SURRENDER
EDIT: forgot to mention the most important part: screen time i spent is almost countless..my back and butt only know about that, same as my eyes. Prepare yourself with some eye drops, a good and confortable office chair as this screentime will never ever can be replaced by any explanation or someone else insight. From there come experience and intuitive guts.
Hope that helps!
"What would you attempt to do, if you knew your success was a certainty?"
- #1,678
- Feb 26, 2016 12:38am Feb 26, 2016 12:38am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
DAX 
73 pips
73 pips
"What would you attempt to do, if you knew your success was a certainty?"
- #1,679
- Edited 1:00am Feb 26, 2016 12:40am | Edited 1:00am
- Joined Oct 2014 | Status: lonely | 2,261 Posts
- #1,680
- Feb 26, 2016 1:00am Feb 26, 2016 1:00am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
Hey, we are sharing here advanced stuff! Don't expect to get it right away, especially if you havent spent at least 5 years in trading. Maybe you need to look at the markets and trade them for few years more...
So, if anyone consider this thread as benefical, please look further at all posts - mine included - and dont ask questions but try to see what i ment to do USING YOUR OWN CHARTS
"What would you attempt to do, if you knew your success was a certainty?"