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  • #2,661
  • Apr 27, 2016 11:19am Apr 27, 2016 11:19am
Quoting Fxentropy
Where is everybody?....funny how people lose interest on a such good thread if noone hold their hand....its a pitty... Anyway, fighting the beast goes on. {image}
Busy painting new house
  • #2,662
  • Apr 27, 2016 12:08pm Apr 27, 2016 12:08pm
Quoting stevepatt
{quote} It's at these Levels of Balance, where Buyers and Sellers come together, that who ever has most Orders in the Market will consume the other side and move to the next Level of Buying or Selling. I know it's obvious but here you can see it happening in real time. {image}
Hi Steve,

I am new to this forum. In this Image you have given some Candle Descriptions(Like Bullish Candle in a Down Move and Bearish Candle in a up Move). I'm actually not aware why we need to noted that. It might be some basic understanding of Order flow. Can you please let me know where can I get that information.
If I go through this forum from Beginning will i be able to understand that. Please suggest.
  • #2,663
  • Apr 27, 2016 2:08pm Apr 27, 2016 2:08pm
Quoting duy90
{quote} Busy painting new house
house or igloo?
"What would you attempt to do, if you knew your success was a certainty?"
  • #2,664
  • Apr 27, 2016 2:08pm Apr 27, 2016 2:08pm
Quoting ramkirshnava
{quote} Hi Steve, I am new to this forum. In this Image you have given some Candle Descriptions(Like Bullish Candle in a Down Move and Bearish Candle in a up Move). I'm actually not aware why we need to noted that. It might be some basic understanding of Order flow. Can you please let me know where can I get that information. If I go through this forum from Beginning will i be able to understand that. Please suggest.
It's just that if the big guys want to buy, they need a lot of Sell pressure to be able to fill up their large orders. If there is no seller, and they big guys are buying, it will just create gaps and they get their execution at the worst price possible. That is why they buy on a Down candles and Sell on Up candles. This i how I understood =) I hope steve or someone else can fill up whatever I missed
  • #2,665
  • Apr 27, 2016 2:10pm Apr 27, 2016 2:10pm
Quoting Fxentropy
{quote} house or igloo?
It's a teepee
  • #2,666
  • Apr 27, 2016 2:32pm Apr 27, 2016 2:32pm
Quoting duy90
{quote} It's just that if the big guys want to buy, they need a lot of Sell pressure to be able to fill up their large orders. If there is no seller, and they big guys are buying, it will just create gaps and they get their execution at the worst price possible. That is why they buy on a Down candles and Sell on Up candles. This i how I understood =) I hope steve or someone else can fill up whatever I missed


Who is causing the large sell candles or the large buy candles. They are the big traders, the market makers. They draw the less informed to the wrong side of their intention and wait to strike.

KP
Do your homework, follow the footprints of smart money
  • #2,667
  • Apr 27, 2016 5:13pm Apr 27, 2016 5:13pm
Quoting ramkirshnava
{quote} Hi Steve, I am new to this forum. In this Image you have given some Candle Descriptions(Like Bullish Candle in a Down Move and Bearish Candle in a up Move). I'm actually not aware why we need to noted that. It might be some basic understanding of Order flow. Can you please let me know where can I get that information. If I go through this forum from Beginning will i be able to understand that. Please suggest.

Hi ramkirshnava;

What duy90 has said is correct.

Especially look for the first Candle of the opposite colour at a Swing Point so at the start of a Bearish move look for the last Bullish Candle and the start of a Bullish move look for the last Bearish Candle these Candles can continue to have influence on the Market well into the future.

This is because this is where Institutions have been most active Buying or Selling and, often, not all the Orders will get filled first time around.

The Market continues to move up and down consuming Orders where ever those Orders are this = Liquidity.

The Market is, in essence, an Order processing machine driven by human emotion (Greed - Fear)
Attached Image (click to enlarge)
Click to Enlarge Name: 27th April 16 EUR:USD H4 Observations.png Size: 157 KB
  • #2,668
  • Apr 28, 2016 2:36am Apr 28, 2016 2:36am
Coffee tastes best after a long sleep
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  • #2,669
  • Apr 28, 2016 4:40am Apr 28, 2016 4:40am
Quoting TheRealDeal
Coffee tastes best after a long sleep {image}
NICE mate!

Funny thing is , i had stops at 162.80
Attached Image (click to enlarge)
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"What would you attempt to do, if you knew your success was a certainty?"
  • #2,670
  • Apr 28, 2016 5:08am Apr 28, 2016 5:08am
Quoting Fxentropy
{quote} NICE mate! Funny thing is , i had stops at 162.80 {image}
Where did you put your SL order in this trade and why?
We become what we think about
  • #2,671
  • Edited 6:37am Apr 28, 2016 5:32am | Edited 6:37am
Quoting Smaraz
{quote} Where did you put your SL order in this trade and why?
Just said where I had stops..... Why? Was a logical stop of 50 pips overall positions
"What would you attempt to do, if you knew your success was a certainty?"
  • #2,672
  • Apr 28, 2016 10:13am Apr 28, 2016 10:13am
Some possible weakness on EU and GU?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 91 KB


I think that market is taking up left orders from the range on the left and then will go down looking for liquidity.

This morning's price action was also weak since price failed to break the high volume area created by FMOC announcement. (I also shorted the EU this morning but I've been stopped out at BE, damn, I'm working on it)

Attached Image (click to enlarge)
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A possible short level is also on GU but the "trend" is still up:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 81 KB


What do you think guys?
We become what we think about
  • #2,673
  • Edited 5:35pm Apr 28, 2016 1:23pm | Edited 5:35pm
Quoting Fxentropy
{quote} NICE mate! Funny thing is , i had stops at 162.80 {image}

Did not expect it to drop like a rock so I just let it be default TP, otherwise I would follow the Price action. Besides I wasn't at computer at all today until now. Which means I banked those pips without even need to do anything =) I set a Sell limit last night as I would anticipate they would push the price up first to Selling level and entered with 6 SL. Too bad I did not apply my R:R on my trade and just traded with lowest risk I could = 0.01 lot. If it was properly managed I would have put in 0.03 lot with 70 Dollar account that I have left XDD.

All in all I am happy with the result, but bit disappointed I wasn't on computer to see and manage the trade


Attached Image (click to enlarge)
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  • #2,674
  • Apr 30, 2016 3:31pm Apr 30, 2016 3:31pm
Quoting TheRealDeal
Coffee tastes best after a long sleep {image}
You know that such trades / events can also back-fire? (And wipe you out from the game?)
Just asking seeing these lots of amazing trades. :-)
It's all psychology...
  • #2,675
  • May 4, 2016 3:45pm May 4, 2016 3:45pm
Thread died?? You shall not DIE!

Here's my 2 trades that I got into my painting schedule

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Got out a bit late because the time I came back from painting I already missed my perfect exit
  • #2,676
  • May 5, 2016 11:14am May 5, 2016 11:14am
I have been working my way out of a Short position I had built when the Market turned on me.

What I have learnt from this experience is to Take Profit when Profit is there and don't try to impose my thought process on to the Market.
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 16 EUR:USD H4 Observations.png Size: 163 KB
  • #2,677
  • May 5, 2016 11:35am May 5, 2016 11:35am
Quoting stevepatt
I have been working my way out of a Short position I had built when the Market turned on me. What I have learnt from this experience is to Take Profit when Profit is there and don't try to impose my thought process on to the Market. {image}
I like your candor. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #2,678
  • May 5, 2016 11:36am May 5, 2016 11:36am
Quoting stevepatt
I have been working my way out of a Short position I had built when the Market turned on me. What I have learnt from this experience is to Take Profit when Profit is there and don't try to impose my thought process on to the Market. {image}
You are so right -- I relearn this many times
Live today like theres no tomorrow-- Prioritize like you will die today
  • #2,679
  • May 5, 2016 12:35pm May 5, 2016 12:35pm
Quoting KeenPips
{quote} I like your candor. Green pips to you. KP
We won't get any where with our Trading unless we are prepared to face up to our short comings.

The important thing is knowing your Strengths and Weaknesses and working with them and on them.

My weaknesses surface know and again the best way, for me, to deal with them is to make them public and not try to bury them.
  • #2,680
  • May 5, 2016 12:43pm May 5, 2016 12:43pm
Very good Stevepatt. If by any chance you want to share lessons learnt to help fellow FF members, share it at a lesson learnt. Green pips to you.

KP

Quoting stevepatt
{quote} We won't get any where with our Trading unless we are prepared to face up to our short comings. The important thing is knowing your Strengths and Weaknesses and working with them and on them. My weaknesses surface know and again the best way, for me, to deal with them is to make them public and not try to bury them.
Do your homework, follow the footprints of smart money
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