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  • #2,821
  • May 26, 2016 7:52am May 26, 2016 7:52am
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  • #2,822
  • May 26, 2016 9:23am May 26, 2016 9:23am
Quoting ramkirshnava
{image}

Hi Ramkirshnava;

You where looking to enter where I was looking to exit.

Where you aware of the D1 Bullish Order Block, from 23rd March, just above your entry?

Do see the influence these HTF Order Blocks have on the Market?

These Order Blocks indicate where Smart Money either Started to Sell (Bearish Order Block) or Buy (Bullish Order Block).
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  • #2,823
  • May 26, 2016 3:10pm May 26, 2016 3:10pm
GBP/USD Observation
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  • #2,824
  • May 26, 2016 4:13pm May 26, 2016 4:13pm
Hi Steve,
I am not clear regarding order blocks, I have pointed out my understanding in the attached snapshot, please correct me what I am missing in terms of order block.


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  • #2,825
  • May 26, 2016 4:43pm May 26, 2016 4:43pm
Quoting ramkirshnava
Hi Steve, I am not clear regarding order blocks, I have pointed out my understanding in the attached snapshot, please correct me what I am missing in terms of order block. {image}

Hi Ramkirshnava;

Yes, your understanding is correct.

The Level you Shorted at would be considered Bearish in accordance with the Bullish Order Block you have correctly highlighted.

I was hoping you where basing your Short Trade, from that level, on that D1 Order Block from the 23rd March.

Sorry about the misunderstanding.
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  • #2,826
  • May 27, 2016 2:18am May 27, 2016 2:18am
Thanks for posting this stuff Steve - I'm enjoying reading the thread
  • #2,827
  • May 27, 2016 3:12am May 27, 2016 3:12am
Quoting bartlby37
Thanks for posting this stuff Steve - I'm enjoying reading the thread

Hi Bartlby;

I am glad you are finding value in what is being posted.

Take time to understand the concept and then make it work for you.

This way you will be seeing the Market through your eyes and not trying to see it through mine.
  • #2,828
  • May 27, 2016 3:48am May 27, 2016 3:48am
Quoting stevepatt
GBP/USD Observation {image}
Mark the H1 Bearish Order Blocks on your chart and then look at them on M5 this morning.

See how the M5 TF reacts to the H1 Bearish Order Block.

See how you can use M5 Order Blocks to enter Trades after the Bearish reaction has been confirmed.

I haven't got time to post a Chart I'm away for a long weekend, catch up next week.
  • #2,829
  • May 27, 2016 10:21am May 27, 2016 10:21am
Quoting stevepatt
{quote} Mark the H1 Bearish Order Blocks on your chart and then look at them on M5 this morning. See how the M5 TF reacts to the H1 Bearish Order Block. See how you can use M5 Order Blocks to enter Trades after the Bearish reaction has been confirmed. I haven't got time to post a Chart I'm away for a long weekend, catch up next week.
Hope you are referring this..
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  • #2,830
  • May 27, 2016 10:24am May 27, 2016 10:24am
Quoting stevepatt
{quote} Mark the H1 Bearish Order Blocks on your chart and then look at them on M5 this morning. See how the M5 TF reacts to the H1 Bearish Order Block. See how you can use M5 Order Blocks to enter Trades after the Bearish reaction has been confirmed. I haven't got time to post a Chart I'm away for a long weekend, catch up next week.
By the way enjoy your long weekend without charts
  • #2,831
  • May 28, 2016 4:20am May 28, 2016 4:20am
Not easy getting to grips trying to learn this.

Can anyone do a skype call to go.thru it?

I understand parts but not all

Im on skype as devonroadrunner

If you do add me just put meassage saying trd so i know who it is.

Thanks guys
  • #2,832
  • May 29, 2016 3:54pm May 29, 2016 3:54pm
GBPUSD: Sell from 1.46358
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  • #2,833
  • May 29, 2016 5:04pm May 29, 2016 5:04pm
eurusd
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  • #2,834
  • May 29, 2016 5:12pm May 29, 2016 5:12pm
Quoting devontrader
Not easy getting to grips trying to learn this. Can anyone do a skype call to go.thru it? I understand parts but not all Im on skype as devonroadrunner If you do add me just put meassage saying trd so i know who it is. Thanks guys
Hi Devon,

I have gone through this video shared by stevepatt and also I have read this thread from the beginning, now it makes me clear, even you can also do the same to understand the concepts discussed by Stevepatt and TRD.
http://www.forexfactory.com/showthre...64#post8937064

Good Luck!

Regards,
Ram
  • #2,835
  • May 30, 2016 6:58am May 30, 2016 6:58am
Quoting ramkirshnava
eurusd {image} {image}
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  • #2,836
  • May 30, 2016 9:19am May 30, 2016 9:19am
Always learn from the best. They Made millions in the past without charts and with 90 seconds execution delay. No excuses


Quoting Fxentropy
Watch this when you have time guys: http://bit.ly/1sC4W17 Paul Tudor Jones - TRADER: the Documentary
  • #2,837
  • May 30, 2016 10:42am May 30, 2016 10:42am
Quoting TheRealDeal
Always learn from the best. They Made millions in the past without charts and with 90 seconds execution delay. No excuses {quote}

true about past execution, but today times changed, and there are solutions to trade 10,000 orders per second (see Citadel LLC)....

In the end all that matters is how you look at market, what you see there and whats your action plan for what you see.

After all, If you have 1 trade or more that can add up 50-70 pips per week, EVERY WEEK, you are a big winner!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #2,838
  • May 30, 2016 12:13pm May 30, 2016 12:13pm
Quoting Fxentropy
{quote} true about past execution, but today times changed, and there are solutions to trade 10,000 orders per second (see Citadel LLC).... In the end all that matters is how you look at market, what you see there and whats your action plan for what you see. After all, If you have 1 trade or more that can add up 50-70 pips per week, EVERY WEEK, you are a big winner! {image}
True about the target. My target is 20 pips a day nowadays. When i reach it, i stop. Sometimes it takes a lot of trades to reach it, but most of the time just 1.
  • #2,839
  • May 31, 2016 3:57am May 31, 2016 3:57am
Quoting stevepatt
{quote} A lot depends on your motivation, if it's to make a lot of money you are doomed to fail but if you are motivated because you want to become as good a Trader as you possibly can be you will succeed.
That's a great statement - and IMHO very true
  • #2,840
  • May 31, 2016 4:55am May 31, 2016 4:55am
Quoting stevepatt
{quote} A lot depends on your motivation, if it's to make a lot of money you are doomed to fail but if you are motivated because you want to become as good a Trader as you possibly can be you will succeed.
That's a great statement - and IMHO very true
Quoting bartlby37
{quote} That's a great statement - and IMHO very true


Yes, very well said. Focus on the process, not on the money.
Just two things: Entry and Exit
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