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My Line in the Sand

  • #181
  • Oct 7, 2016 5:58am Oct 7, 2016 5:58am
Quoting tnavi
{quote} is a very hard game. u can think that u are a good trader when this bar comes and kills ur account. i was sleeping when this happened and for a few moments my acccount grews +100% finally, i only have won 3%
Best to avoid these situations at all costs! BlackSwan is simply....deadly! i heared friends who lost few hundred thousends last night.....sorry for them! In real life we lose few hundred and we are upset all day, here we can lsoe millions and still we have the optimism to say: "I'll make them back"

funny world we live on!

Moving on, i had some fights today with GBPJPY....I won a bit :d
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"What would you attempt to do, if you knew your success was a certainty?"
  • #182
  • Oct 8, 2016 3:28am Oct 8, 2016 3:28am
Quoting stevepatt
GBP/JPY M5 Observations An example of an extreme Inefficiency, but this is how every Inefficiency, big and small, plays out. It also shows why I like to enter Short term Trades. Anybody in a long term Long Position would have been hit. {image}
lol ,tell me about it
  • #183
  • Oct 10, 2016 12:49am Oct 10, 2016 12:49am
GBP/JPY M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 16 GBP:JPY M5 Long Trade.png Size: 107 KB
  • #184
  • Oct 10, 2016 1:48am Oct 10, 2016 1:48am
Quoting stevepatt
GBP/JPY M5 Long Trade {image}

I'm out of this Long Trade at BE.

I will post a chart later.
  • #185
  • Oct 10, 2016 1:00pm Oct 10, 2016 1:00pm
Looked like a good one .....you never know when they are done with spiking out the stops on these ones though..

Have you ditched the halftrend ?
  • #186
  • Oct 10, 2016 1:32pm Oct 10, 2016 1:32pm
Quoting price777999
Looked like a good one .....you never know when they are done with spiking out the stops on these ones though.. Have you ditched the halftrend ?

Hi Price,

The Long didn't feel right my Entry wasn't great and PA didn't look right.

Got the direction correct just out with the timing.

Yes, I've dropped the HalfTrend it was getting in the way of PA.

Structure and PA are all we need.
  • #187
  • Oct 10, 2016 1:41pm Oct 10, 2016 1:41pm
GBP/JPY M5 Long Trade

Look for possible Swings to occur at previous Swing Points and areas where the Market was Balanced = Buyers and Sellers.

When you add an Inefficient Thin move the probabilities of success increase.
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 16 GBP:JPY M5 Short Trade.png Size: 159 KB
  • #188
  • Oct 10, 2016 2:42pm Oct 10, 2016 2:42pm
Quoting stevepatt
{quote} Hi Price, The Long didn't feel right my Entry wasn't great and PA didn't look right. Got the direction correct just out with the timing. Yes, I've dropped the HalfTrend it was getting in the way of PA. Structure and PA are all we need.
Yea ,I think it was confusing becase the major highs had not been taken out but the minor high inbetween your stop and entry was in play .

This is why we keep messing with the amp settings ,its kind of having a set formular for the balance line ...so realy a human halftrend is what we need

So the price action is your bias and the line in the sand are your lines ...
  • #189
  • Oct 10, 2016 2:44pm Oct 10, 2016 2:44pm
Quoting stevepatt
GBP/JPY M5 Long Trade Look for possible Swings to occur at previous Swing Points and areas where the Market was Balanced = Buyers and Sellers. When you add an Inefficient Thin move the probabilities of success increase. {image}
Cant get better than this ..nice trade..the short
  • #190
  • Oct 10, 2016 3:21pm Oct 10, 2016 3:21pm
I was just thinking about my account and how it relates to trading ...big overleveraged percentage gains are unsustainable (inefficient)

So thats why small consistant gains contribute to a sustainable (efficiant) account growth.

Only took me 8 years to figure this out
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  • #191
  • Oct 10, 2016 4:42pm Oct 10, 2016 4:42pm
Quoting price777999
I was just thinking about my account and how it relates to trading ...big overleveraged percentage gains are unsustainable (inefficient) So thats why small consistant gains contribute to a sustainable (efficiant) account growth. Only took me 8 years to figure this out {image}

Hi Price,

I aim for 2R 4% return per Trade risking 2% of my account.

The last Short Trade I entered had 2% of my account tied up for just 2 hours.

Trading the HTFs would mean having your money working far less efficiently as it could be tied up for days

The less time exposure we have to the Market the safer we are, GBP on Friday is a prime example of this.

My account is working far more efficiently, both in terms of time exposure and positive returns, Trading M5, where I am going for small regular returns.
  • #192
  • Oct 11, 2016 12:17am Oct 11, 2016 12:17am
GBP/JPY M5 Observations

This is an example of the perfect Bearish Setup.

I would Trade this Setup all day long.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 16 GBP:JPY M5 Observations.png Size: 147 KB
  • #193
  • Oct 11, 2016 1:36am Oct 11, 2016 1:36am
Some times it does help to get an Higher Perspective.
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  • #194
  • Oct 11, 2016 7:45am Oct 11, 2016 7:45am
Pressure should still be down to fill gap from Thursday 124.77, right? Well eventually that is.
  • #195
  • Oct 12, 2016 12:03am Oct 12, 2016 12:03am
GBP/JPY M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 16 GBP:JPY M5 Short Trade.png Size: 136 KB
  • #196
  • Oct 12, 2016 1:10am Oct 12, 2016 1:10am
Quoting stevepatt
GBP/JPY M5 Short Trade {image}

GBP/JPY M5 Short Trade Result

My exposure to the Market in Monetary Terms was 2%

That 2% was at risk for 80 Minutes

Draw Down was 10.2 Pips +Spread

+2R /+40 Pips / +4%
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 16 GBP:JPY M5 Short Trade Result.png Size: 100 KB
  • #197
  • Oct 12, 2016 1:23am Oct 12, 2016 1:23am
GBP/JPY M5 Observations

Observe what happens if the Market returns to Test the Break Out Gap patience is key.
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  • #198
  • Oct 12, 2016 4:00am Oct 12, 2016 4:00am
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  • #199
  • Oct 12, 2016 11:11am Oct 12, 2016 11:11am
Quoting saad007
{image}
Hi Saad,

Thanks for posting, your chart demonstrates why I have dropped the HalfTrend Indicator.

Market Structure and PA are the most important aspect when it comes to Trading not the colour of an Indicator.

Look at the Bullish move up we had 6 Candles, 30 minutes, with no Bearish response.

As soon as the Market reached the Previous Swing High (Structure), either the Buy Orders where Consumed or there where Sell Orders waiting to be triggered because we see a decisive Bearish Reaction.

I would have been very tempted to enter immediately after that Bearish Candle because of where the Bearish Reaction occurred and because the Thin Inefficient Bullish move up has left a Gap ("White Space") that will draw the Market back.

There is also enough room to hit 2R before reaching the nearest Swing Low.

I hope the attached chart helps

Keep watching the Chris Lori videos I posted earlier they will help.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 16 GBP:JPY M5 Observations 2.png Size: 177 KB
  • #200
  • Oct 12, 2016 12:24pm Oct 12, 2016 12:24pm
Quoting stevepatt
{quote} Hi Saad, Thanks for posting, your chart demonstrates why I have dropped the HalfTrend Indicator. Market Structure and PA are the most important aspect when it comes to Trading not the colour of an Indicator. Look at the Bullish move up we had 6 Candles, 30 minutes, with no Bearish response. As soon as the Market reached the Previous Swing High (Structure), either the Buy Orders where Consumed or there where Sell Orders waiting to be triggered because we see a decisive Bearish Reaction. I would have been very tempted to enter immediately...
Thanks for your advice
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