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  • #281
  • Nov 5, 2016 9:22am Nov 5, 2016 9:22am
Quoting pipshaman
Wdays, you've got me wrong pal, I was only highlighting the sintactics u've been using, I don't doubt in any way that u are a good trader. No, for the love of the debate, you say u must have a bias and an expectation where the price may go...OK, in my view this is a very bad thing, because when you have an expectation and bias the market will always show how wrong are you. A sound methode, based on a sound risk management should not be based on any biase from the trader, the trader must be neutral and trade mechanical. In markets when u try to predict...
The common denominator between successful traders is having a plan, and trading the plan. Using triggers on its own can't be profitable in the long run as much as you try it. The reason being that a moving average cross, matrix signal, or any other custom indicator on its own will be right as much as it will be wrong. You can turn in some profit with it, by having 2:1, 3:1 etc. RR, but in the long run you won't make it. So mechanical trading is definitely not the way to go, unless you're Blackrock and have baller algo's that scalp the market for billions of dollars a year.
  • #282
  • Nov 5, 2016 9:23am Nov 5, 2016 9:23am
Quoting pipshaman
{quote} In the pic you've attached to the above post you've expected a down move before the breakout above 1.11224 but the market have told you u are wrong (see my attachement), so, your prediction was wrong. Don't expect anything from the market because anyway will do whatever want to do. Regards! {image}
No trade was entered based on this expectation. I traded the higher probability setups on USDCAD and USDCHF as shown in my post

Don't forget that this was a NFP prognosis, and like I've stated in the past, NFPs, Feds and ECBs are dangerous and unpredictable for the most part.
  • #283
  • Nov 5, 2016 12:20pm Nov 5, 2016 12:20pm
Inserted Video


WMA as promised, doing it today as I will be out all day tomorrow. Feedback & criticism is of course not only welcome, but encouraged!

Disclaimer: this is not to be considered trading advice. Everything said may not hold true on wednesday morning due to the US elections on Tuesday. It is harder to anticipate how the week would unfold due to that.
  • #284
  • Edited 4:39am Nov 6, 2016 3:38am | Edited 4:39am
Hi all,

Only yesterday I found this thread and it appears to be an amazingly interesting thread. So i would like to participate and if I may ask a few questions.
Now, I did read the thread over and over again before just asking and I did some (weekend) charting practice.

Now, I have drawn my S&R levels and drew some area's of possible demand and supply.

Now, according to my theory ( and hopeully according to the guidelines over here) I came to the conclusion that USD will theoreticly decline further ( not taking into account the elections for theoreticle purposes) Based on what you see, would you agree and did I in fact drew my chart the right way?

By the way: the red lines are based on what I found on the weekly chart (S&R) and the orange ones are based on the daily.
Any comment would be much appreciated.

Have a nice weekend
Attached Image (click to enlarge)
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First comes knowledge about yourself, then comes a system...
  • #285
  • Nov 6, 2016 4:12am Nov 6, 2016 4:12am
Excellent video. Thank you.
One against the many.
  • #286
  • Edited 3:30pm Nov 6, 2016 3:09pm | Edited 3:30pm
Watch all these gaps get filled overnight

It's statistics, 70% of the time gaps will fill. Of course that leaves us with a 30% chance they don't fill Nonetheless, it's a pretty good strategy that some people use.
  • #287
  • Nov 6, 2016 3:09pm Nov 6, 2016 3:09pm
Quoting FxSpartan
Excellent video. Thank you.
You're welcome man, I'll try to come up with one every now and then
  • #288
  • Nov 6, 2016 3:12pm Nov 6, 2016 3:12pm
This is how it may unfold. Keep in mind Hillary victory = bullish for the dollar, Trump = bearish for the dollar.

I've a feeling we'll see a woman president and betting on stronger dollar

Of course it may as well straight up rally from here, which will be pretty bad for the point I'm trying to prove about being able to predict markets Joke aside, the rally to our marked out zone @ 97.55 was pretty swift, it reached the lows on the left of the H4 chart which is making me question the drop lower into 95.95-96.00 area.
Attached Image (click to enlarge)
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  • #289
  • Nov 6, 2016 3:26pm Nov 6, 2016 3:26pm
Quoting JanCeulemans
Hi all, Only yesterday I found this thread and it appears to be an amazingly interesting thread. So i would like to participate and if I may ask a few questions. Now, I did read the thread over and over again before just asking and I did some (weekend) charting practice. Now, I have drawn my S&R levels and drew some area's of possible demand and supply. Now, according to my theory ( and hopeully according to the guidelines over here) I came to the conclusion that USD will theoreticly decline further ( not taking into account the elections for theoreticle...
First off, let me thank you for the kind words. Hopefully it will be of some help. Second, REALLY like your color scheme It's very clean and neat.

Now, regarding your read of the market. The S/R areas are drawn nicely, I like that you used weekly. I rarely go on a weekly chart these days, and it's probably not the smartest thing I'm doing. Nevertheless, your supply areas are a little off. We draw supply based on the wick-to-open of the last bullish candle before a decline. We draw demand based on the wick-to-open of the last bearish candle before a rally.

So it would be like this, below.

Also I don't advise you to use the fxcm US dollar index chart, because it's often a bit off from what it should look like. You can use a demo account on the broker I've mentioned in the early pages for biggest accuracy. In fact, I find those charts to be the most accurate so far... They're kinda bad because of the number of decimals, but still better and cleaner than the most of the other charts.
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  • #290
  • Nov 6, 2016 10:58pm Nov 6, 2016 10:58pm
Quoting WDays
{quote} First off, let me thank you for the kind words. Hopefully it will be of some help. Second, REALLY like your color scheme It's very clean and neat. Now, regarding your read of the market. The S/R areas are drawn nicely, I like that you used weekly. I rarely go on a weekly chart these days, and it's probably not the smartest thing I'm doing. Nevertheless, your supply areas are a little off. We draw supply based on the wick-to-open of the last bullish candle before a decline. We draw demand based on the wick-to-open of the last bearish...
Thanks a lot Alex it is much appreciated. Now, on sunday evening when the markets opened (for retailers that is) we faced a big gap going north. It iseems for now ( monday morning (CET) that the gap in fact is not going to fill so I think the upcomming elections are playing their game here. Normaly the price should have continued to go down. Is it not?

Jan
First comes knowledge about yourself, then comes a system...
  • #291
  • Nov 7, 2016 2:13am Nov 7, 2016 2:13am
Good morning everyone. Markets are volatile today, because they are pricing in elections. Hope everyone is doing fine
  • #292
  • Nov 7, 2016 2:14am Nov 7, 2016 2:14am
Quoting JanCeulemans
{quote} Thanks a lot Alex it is much appreciated. Now, on sunday evening when the markets opened (for retailers that is) we faced a big gap going north. It iseems for now ( monday morning (CET) that the gap in fact is not going to fill so I think the upcomming elections are playing their game here. Normaly the price should have continued to go down. Is it not? Jan
Yep, gaps that do not form under the pressure of a major news event fill as opposed to such like this one.
  • #293
  • Nov 7, 2016 5:46am Nov 7, 2016 5:46am
Thank you very much for the trading system, will try it, very helpful information on trading concepts and philosophy. Be Blessed!
  • #294
  • Nov 7, 2016 9:56am Nov 7, 2016 9:56am
Good Stuff WDays finally getting a chance to view the videos. Please keep going. A newbie to forex but love that you are using more sources to make your bias in the trend. Im studying how you work your charts. Great examples for pre week game plan.
Many Thanks
  • #295
  • Nov 8, 2016 5:05am Nov 8, 2016 5:05am
Very nice thread, subscribed.
After I found this thread I got to know the ICT material and I'm currently going thru the videos in order to further understand better the concepts OP apply.
After 3 years of going nowhere with trading I see light in the end of the tunnel (hope its not the train LOL).

You don't use the COT report?

regards
thinking outside the box
  • #296
  • Nov 8, 2016 7:11am Nov 8, 2016 7:11am
Hi WDays, fisrt of all, congrats for your Thread, can I ask if you can you share the pip indicator from your video please. Thanks and see you.

Quoting WDays
https://www.youtube.com/watch?v=i8bi...ature=youtu.be First time making a vid, be gentle I tried to pretty much write down comments of whatever was flying through my head as the trade progressed. Obviously I've recorded it on Demo, on a broker I don't even use to trade. Just wanted to show the thought process, working with the dollar index and combining HTF with LTF. I think I sum up why I'm in this trade in the first couple of minutes, notably the uptrend, expecting the daily close to be a doji (return...
  • #297
  • Nov 8, 2016 7:15am Nov 8, 2016 7:15am
Quoting Trinquete
Hi WDays, fisrt of all, congrats for your Thread, can I ask if you can you share the pip indicator from your video please. Thanks and see you. {quote}
It's on the first post, pipsometer one
  • #298
  • Nov 8, 2016 7:16am Nov 8, 2016 7:16am
Quoting Mercennary
Very nice thread, subscribed. After I found this thread I got to know the ICT material and I'm currently going thru the videos in order to further understand better the concepts OP apply. After 3 years of going nowhere with trading I see light in the end of the tunnel (hope its not the train LOL). You don't use the COT report? regards
I check it once a month or so, just to see where we're at. I keep an eye on Open Interest as well. Using the charts over at Barchart.com
  • #299
  • Nov 8, 2016 7:17am Nov 8, 2016 7:17am
So apparently there's a shift in fundamentals, and now a Hillary victory would mean a rally for the EU... This is why I don't like anticipating market reaction prior to huge news like that Completely flat, no trades so far this week.
  • #300
  • Nov 8, 2016 7:22am Nov 8, 2016 7:22am
Quoting WDays
{quote} It's on the first post, pipsometer one
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