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My Line in the Sand

  • #241
  • Oct 20, 2016 4:59pm Oct 20, 2016 4:59pm
Quoting stevepatt
GBP/JPY M5 Long and Short Trades {image}
Hi Stevepatt,

I would like to know if this system works on M1 as well and if so then what is the accuracy ratio?

Thanks Stay Blessed.
  • #242
  • Oct 20, 2016 9:06pm Oct 20, 2016 9:06pm
Quoting stevepatt
{quote} Hi Jason, It's the BN Levels v1.01 indicator you can find it here Post #3
Hi stevepatt,
Could you please suggest a good EA which can have push button style pad on the chart?
Thank you.
Practice makes a person perfect
  • #243
  • Oct 20, 2016 10:27pm Oct 20, 2016 10:27pm
Quoting seemesyed
{quote} Hi Stevepatt, I would like to know if this system works on M1 as well and if so then what is the accuracy ratio? Thanks Stay Blessed.
Hi Seemesyed,

This works on all TFs, from M1 to MN.

As far as the accuracy ratio is concerned it depend on how good you are at Trading the setups.

My Win Ratio 52.94% Loss Ratio 41.18% BE Ratio 5.88%

My Average Return Per Trade 0.65R

My Average Profit Per Trade 1.55%

The important thing is to target at least a 2R return on each Trade you enter.
  • #244
  • Oct 21, 2016 1:30pm Oct 21, 2016 1:30pm
Quoting devontrader
Steve i see what your saying Could you take it one step backwards Could you put comments on the chart for.what your looking for before you would mark the chart. I must admit im guilty of relying on a supply demand indicator. I took it all away then looked and though aghhh what am i looking for. I looked for.big powerful candles pushing away from a level but then stalled thinking how do i mark the chart

Hi Jason,

This is the problem with relying on Indicators to see for us we fail to SEE.

Open an H1 Chart.

Start from the extreme right and work to the left looking for the nearest Levels of Buying and Selling.

Mark the point where Momentum can clearly be seen.

Drop down to M5 and WAIT...

...for the Market to return to a Level of H1 Buying or Selling.

Look for Market Reaction and PA at these Levels.

Keep doing this and eventually you will "SEE"

I started to get into Trading in about June 2010.

For most of that time I've been studying PA - Order Flow - Market Dynamics etc.

It's very difficult to teach anyone what I know most of it comes down to my experiences of the Markets.

You get a feeling, eventually, for how the Markets move.

If you have been used to using Indicators it will take longer to ween yourself off them and get in "Tune" with the Flow of the Market.

Watch an M5 Chart, Observe PA as the Market Transitions from Bullish/Bearish to Bearish/Bullish.

Look to the Left is this Transition happening at a previous Level of Buying/Selling?

Print the Charts and use them as a reference.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21st oct 16 GBP:JPY H1 Observations.png Size: 110 KB
Click to Enlarge Name: 21st Oct 16 GBP:JPY H1 Observations 2.png Size: 178 KB
Click to Enlarge Name: 21st Oct 16 GBP:JPY M5 Observations.png Size: 129 KB
  • #245
  • Oct 22, 2016 12:55am Oct 22, 2016 12:55am
I know you say its difficult to teach what you know but just talking to someone on say skype you csn learn a lot and its good for me if im looking over a chart and plotting if a person like you is watching and giving advice.
 
I find that helps a lot
  • #246
  • Oct 22, 2016 1:20pm Oct 22, 2016 1:20pm
here is a first attempt without indicator
Attached Image (click to enlarge)
Click to Enlarge Name: steve UJ.JPG Size: 215 KB
  • #247
  • Oct 23, 2016 4:12am Oct 23, 2016 4:12am
Quoting devontrader
here is a first attempt without indicator {image}
Hi Jason,

Yes, those Levels are fine, there's no need to mark Levels too far away from the present price.

I would also just mark the Levels with trend lines or a very light coloured fill.

Never have anything on the chart that is a distraction from Market Flow.

Drop down to an M15 Chart and go through the process again.

I suggest signing up to Chris Lori's web site it's free to do so, I should also point out that I have absolutely no connection with Chris I have just found is free material a great help.

http://www.chrislori.com/Home

Once you are signed up look for this video A Deeper Look at Price Delivery - Pt.1 Price Action to the Core in the video archive which is in the members area.

Check out any other videos you think will help you.

Don't forget to donate to the charity he supports if you find his information helpful.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23rd Oct 16 USD:JPY H1 Observations.png Size: 124 KB
Click to Enlarge Name: 23rd Oct 16 USD:JPY M15 Observation.png Size: 192 KB
  • #248
  • Oct 23, 2016 4:17am Oct 23, 2016 4:17am
Quoting stevepatt
{quote} Hi Jason, Yes, those Levels are fine, there's no need to mark Levels too far away from the present price. I would also just mark the Levels with trend lines or a very light coloured fill. Never have anything on the chart that is a distraction from Market Flow. Drop down to an M15 Chart and go through the process again. I suggest signing up to Chris Lori's web site it's free to do so, I should also point out that I have absolutely no connection with Chris I have just found is free material a great help. http://www.chrislori.com/Home...
Pushes away with large strong candles?
Back to levels with pin bars?
  • #249
  • Oct 23, 2016 4:22am Oct 23, 2016 4:22am
Ill send you email.steve
  • #250
  • Oct 23, 2016 4:39am Oct 23, 2016 4:39am
Quoting devontrader
{quote} Pushes away with large strong candles? Back to levels with pin bars?

Hi Jason,

Watch the video I posted above, see if it makes things clearer
  • #251
  • Oct 23, 2016 6:49am Oct 23, 2016 6:49am
Quoting devontrader
{quote} Pushes away with large strong candles? Back to levels with pin bars?

Hi Jason,

Print out the Chart below, watch the Chris Lori Videos, repeat what you see, on the Chart, on one pair, one pair is all we need to be profitable and email me the results.

As you watch, the Chris Lori Videos, pause them and go and look for what you are seeing in the Videos on a Chart.

This is what I did until I Understood what I was SEEING

Another important lesson I learnt was that I had to find my own way and make sense of what I was seeing using my previous Trading Experience.

In other words become an Independent Thinker and make it work for me.
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Oct 16 USD:JPY M5 Observations.png Size: 246 KB
  • #252
  • Oct 23, 2016 7:08am Oct 23, 2016 7:08am
I watched the video by chris lori as recommended
 
I also found this recast which was very helpful too
 
http://traderkingdom.com/webinars/re...nd-simplified/
  • #253
  • Oct 23, 2016 8:23am Oct 23, 2016 8:23am
Quoting stevepatt
{quote} Hi Jason, Print out the Chart below, watch the Chris Lori Videos, repeat what you see, on the Chart, on one pair, one pair is all we need to be profitable and email me the results. As you watch, the Chris Lori Videos, pause them and go and look for what you are seeing in the Videos on a Chart. This is what I did until I Understood what I was SEEING Another important lesson I learnt was that I had to find my own way and make sense of what I was seeing using my previous Trading Experience. In other words become an Independent Thinker and make...
Always LOOK LEFT when you see Structure being Broken. HH HL LH LL

We wouldn't expect Structure to break for no reason.

We want to see Selling/Buying to the LEFT that will cause a Shift in Market Structure.

When we see a Shift in Market Structure what we are seeing is a Shift in the Order Flow from one side of the Market to the other.
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Oct 16 USD:JPY M5 Observations 2.png Size: 137 KB
  • #254
  • Oct 23, 2016 12:19pm Oct 23, 2016 12:19pm
AUDUSD H1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.JPG Size: 187 KB
  • #255
  • Oct 23, 2016 1:14pm Oct 23, 2016 1:14pm
Quoting devontrader
AUDUSD H1 {image}

Hi Jason,

I don't want too tied down to looking at other pairs, the GBP/JPY is more than enough for me.

I use the H1 TF to Form a Framework for me to Trade within on the M5 TF.

I look for Levels of Buying and Selling (On H1 and M5) and then WAIT for the Market to come to those Levels.

Then it's a matter of watching PA and Structure to Trade from.

I Target Levels of previous Buying or Selling for my TP (I want, at the very minimum, 1R to be available)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23rd Oct 16 AUS:USD H1 Observations.png Size: 97 KB
Click to Enlarge Name: 23rd Oct 16 AUD:USD M5 Observations.png Size: 111 KB
  • #256
  • Oct 23, 2016 10:50pm Oct 23, 2016 10:50pm
GBP/JPY M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Oct 16 GBP:JPY M5 Sell Trade.png Size: 123 KB
  • #257
  • Oct 23, 2016 11:53pm Oct 23, 2016 11:53pm
Quoting stevepatt
GBP/JPY M5 Short Trade {image}

GBP/JPY M5 Short Trade Result

+3.3 pips

I haven't got the time to baby sit this Trade.

There is a Level of Selling but just as many Buyers below = Efficiency.

When you take a Trade, what ever your Risk, you have to be prepared both Financially and Physiologically to accept losing.

I find the easiest way, for me, to do this is to assume this money has gone from my account as soon as I enter a Trade.

If this doesn't feel comfortable for me then I am Trading with too much Risk.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Oct 16 GBP:JPY M5 Short Trade Result.png Size: 110 KB
  • #258
  • Oct 24, 2016 12:36am Oct 24, 2016 12:36am
Quoting stevepatt
{quote} GBP/JPY M5 Short Trade Result +3.3 pips I haven't got the time to baby sit this Trade. There is a Level of Selling but just as many Buyers below = Efficiency. When you take a Trade, what ever your Risk, you have to be prepared both Financially and Physiologically to accept losing. I find the easiest way, for me, to do this is to assume this money has gone from my account as soon as I enter a Trade. If this doesn't feel comfortable for me then I am Trading with too much Risk. {image}
Yes i fully understand what your saying.
Just a correction i think you meant phsycologically not physiologically lol
 
Anyway
 
With this trade being balanced in a efficient market eg equal buyers and sellers i wouldnt have entertained it to even risk my money.
Some how steve you squeezed water out of a dry sponge and got 3 pips
  • #259
  • Oct 24, 2016 11:28pm Oct 24, 2016 11:28pm
GBP/JPY H1 Observations

The Market is in Compressed Efficient mode

I'd like to see a Thin Inefficient move up to 128.000/128.200 to look for possible Short Trades
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Oct 16 GBP:JPY h1 Observations.png Size: 115 KB
  • #260
  • Oct 25, 2016 10:16am Oct 25, 2016 10:16am
Quoting stevepatt
GBP/JPY H1 Observations The Market is in Compressed Efficient mode I'd like to see a Thin Inefficient move up to 128.000/128.200 to look for possible Short Trades {image}

GBP/JPY H1 M5 Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25th Oct 16 GBP:JPY H1 Observations 2.png Size: 108 KB
Click to Enlarge Name: 25th Oct 16 GBP:JPY M5 Observations.png Size: 101 KB
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