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  • Post #2,141
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  • Jan 12, 2017 9:47am Jan 12, 2017 9:47am
  •  Mercennary
  • Joined Oct 2016 | Status: Member | 346 Posts
Quoting Szymon
Disliked
hello everyone, i am still going through the hole thread i've already watched b.t.b videos - and again - thank You Akt, great job, respect. the question to these traders who are familiar with trendlines asspect, could you please answer which one from the screen below is the correct trendline? thank you in advance. regards,s. {image}
Ignored
Tbh I think both are correct, and both hint slowing momentum, however (as I recently learned) what matters is a well structured demand zone breaking the trendline.
thinking outside the box
 
 
  • Post #2,142
  • Quote
  • Jan 12, 2017 11:50am Jan 12, 2017 11:50am
  •  bleeze
  • Joined Jun 2013 | Status: Member | 755 Posts
focus on the process and be patient the trades will come to you


GBPUSD intraday
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cut your losses short and let your profit run
 
 
  • Post #2,143
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  • Jan 12, 2017 1:11pm Jan 12, 2017 1:11pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting Szymon
Disliked
hello everyone, i am still going through the hole thread i've already watched b.t.b videos - and again - thank You Akt, great job, respect. the question to these traders who are familiar with trendlines asspect, could you please answer which one from the screen below is the correct trendline? thank you in advance. regards,s. {image}
Ignored
Hello Szymon

Line 2 is what you want

best wishes
Be careful what you think because your thoughts run your life..Solomon
 
 
  • Post #2,144
  • Quote
  • Edited at 1:38pm Jan 12, 2017 1:17pm | Edited at 1:38pm
  •  chino
  • | Joined Sep 2016 | Status: Member | 70 Posts
Hi , i wanted to know if my analysis is correct or the demand and supply zones are drawn correct
W,D, 240 , and on the 240 i indicate where i will look for a sell opportunity
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  • Post #2,145
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  • Jan 12, 2017 1:19pm Jan 12, 2017 1:19pm
  •  Heelfan23
  • | Joined Sep 2015 | Status: Member | 115 Posts
Quoting bleeze
Disliked
focus on the process and be patient the trades will come to you GBPUSD intraday {image} {image}
Ignored
You make it look Bleezy Like a Sunday Morning , sorry for the old song pun. Great job once again!
 
 
  • Post #2,146
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  • Jan 12, 2017 1:24pm Jan 12, 2017 1:24pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting fractalus
Disliked
UPS - another long opportunity. We have 3 timeframes in uptrend which is good odds. We have weekly demand which is currently being tested (and daily demand nested into). We have weekly ema20 influence which is another odds enhancer. Waiting for trendline break in H4 for my entry. Screenshot1.png;2136664 {image}
Ignored
Hello Fractulus.
Welcome to T.I.O.F

If i may, a few notes to consider

best wishes
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Be careful what you think because your thoughts run your life..Solomon
 
 
  • Post #2,147
  • Quote
  • Jan 12, 2017 1:33pm Jan 12, 2017 1:33pm
  •  Mercennary
  • Joined Oct 2016 | Status: Member | 346 Posts
Quoting Akt
Disliked
{quote} Hello Mercennary Thank you so much for your honest post. I have read it so many times because it is so important, the subject you bring up, one i love and focus on very closely, the psychological side to trading S.A.D The more i read your post the more i think i need to talk more about this aspect going forward. Many of us like i said in the video know the rules which is great and necessary; however, there is more to it than that, as many will find as they progress in their trading careers. I say this often to my traders, "It is never about...
Ignored
Thank you Sir for the pure gold material and for making things easier for us aspiring traders, as for my honesty...the way I see it there's no shame in assuming my weaknesses as a trader, at this point of my career the only thing I care is consistency . Currently I'm facing a 7 consecutive loss drawdown, and taking it as a reflection of my imperfection in the process of analyzing, executing and holding a position, I still make plenty of mistakes. Its funny that after 3 years I still feel like I don't know myself, however I'm getting there

Looking forward for the upcoming lessons, I'm getting so much value from them that I feel I've made more progress in this past week than in years of running in circles.

best regards and God bless
thinking outside the box
 
 
  • Post #2,148
  • Quote
  • Jan 12, 2017 1:41pm Jan 12, 2017 1:41pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting chino
Disliked
Hi , i wanted to know if my analysis is correct or the demand and supply zones are drawn correct W,D, 240 , and on the 240 i indicate where i will look for a sell opportunity Screen Shot 2017-01-12 at 1.07.04 p.m..png;2137916 Screen Shot 2017-01-12 at 1.07.20 p.m..png;2137919 Screen Shot 2017-01-12 at 1.08.30 p.m..png;2137921 {image} {image} {image}
Ignored
Hi Chino
Thank you for sharing your ideas.

A note on the daily trend line, it is not broken until you have a candle that is formed and not touching the trend line. A close above it is not enough to consider it broke.
Also, the top daily SZ is OK i guess but not the lower one. that is just a wick from what i see.

best wishes
Be careful what you think because your thoughts run your life..Solomon
 
 
  • Post #2,149
  • Quote
  • Jan 12, 2017 1:47pm Jan 12, 2017 1:47pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting Mercennary
Disliked
{quote} Thank you Sir for the pure gold material and for making things easier for us aspiring traders, as for my honesty...the way I see it there's no shame in assuming my weaknesses as a trader, at this point of my career the only thing I care is consistency . Currently I'm facing a 7 consecutive loss drawdown, and taking it as a reflection of my imperfection in the process of analyzing, executing and holding a position, I still make plenty of mistakes. Its funny that after 3 years I still feel like I don't know myself, however I'm getting...
Ignored
Hello Mercennary.
Thank you for the kind words.
We are all aspiring and should continue to do so,

About the draw-downs, chances are, it has little to do with your analysis actually.
It is more likely to do with your mind and what is going in your mind as you are in those trades or preparing to take them.

Please try not to fall into the old trap of thinking it is your methodology that is not right when you go into draw-down.
It usually has nothing to do with the methodology and more to do with the trader.
Loss not taken care of in the mind, on the inside, leads to more loss on the outside.
Deal with it on the inside and it will be sorted on the outside

best wishes
Be careful what you think because your thoughts run your life..Solomon
 
1
  • Post #2,150
  • Quote
  • Jan 12, 2017 1:53pm Jan 12, 2017 1:53pm
  •  chino
  • | Joined Sep 2016 | Status: Member | 70 Posts
Quoting Akt
Disliked
{quote} Hi Chino Thank you for sharing your ideas. A note on the daily trend line, it is not broken until you have a candle that is formed and not touching the trend line. A close above it is not enough to consider it broke. Also, the top daily SZ is OK i guess but not the lower one. that is just a wick from what i see. best wishes
Ignored
Thanks Akt, i read that the candle need to be a OLHC outside the line to be consider broken my doubt is(maybe i need to wait to see) but do i leave that trend line draw or as it is now the daily candle closes i will need to updated and use today high point i will put a image think it will explain better than my rusty english , there is a new note on that image you can ignore the others notes

and sorry for the confusion but the doted orange line and top red line of it will be the daily SZ and the 2 red are weekly SZ that i didn't delete form the daily chart :S
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  • Post #2,151
  • Quote
  • Jan 12, 2017 1:55pm Jan 12, 2017 1:55pm
  •  Szymon
  • | Joined Jun 2014 | Status: Member | 79 Posts
Quoting Akt
Disliked
{quote} Hello Szymon Line 2 is what you want best wishes
Ignored
thank You Akt, I get it
s.
Mind is like a parachute - it is useful only if open
 
 
  • Post #2,152
  • Quote
  • Jan 12, 2017 2:07pm Jan 12, 2017 2:07pm
  •  Mercennary
  • Joined Oct 2016 | Status: Member | 346 Posts
Quoting Akt
Disliked
{quote} Hello Mercennary. Thank you for the kind words. We are all aspiring and should continue to do so, About the draw-downs, chances are, it has little to do with your analysis actually. It is more likely to do with your mind and what is going in your mind as you are in those trades or preparing to take them. Please try not to fall into the old trap of thinking it is your methodology that is not right when you go into draw-down. It usually has nothing to do with the methodology and more to do with the trader. Loss not taken care of...
Ignored
The pattern I'm in goes as follow, I study study study, trade and achieve breakeven to moderate success but when I take losses, especially if they are more than 3 in row, looks like the entire hell break loose and things go downhill from there, so time to blame methodology and move along repeating same process, 3 years of my life in this way, but still have the desire to succeed, and I WILL.

I think it has a LOT to do with impatience, I end up taking sub optimal setups because I feel the urge to be in a position constantly...

Don't get me wrong, I rly think things clicked for me with T.I.O.F, and things that always seemed confusing to me like using multiple timeframes started making sense, but I'm afraid of my own responses when in denial, damn Im sounding like a crazy person lol.
thinking outside the box
 
 
  • Post #2,153
  • Quote
  • Jan 12, 2017 2:13pm Jan 12, 2017 2:13pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting chino
Disliked
{quote} Thanks Akt, i read that the candle need to be a OLHC outside the line to be consider broken my doubt is(maybe i need to wait to see) but do i leave that trend line draw or as it is now the daily candle closes i will need to updated and use today high point i will put a image think it will explain better than my rusty english , there is a new note on that image you can ignore the others notes and sorry for the confusion but the doted orange line and top red line of it will be the daily SZ and the 2 red are weekly SZ that...
Ignored
Hi Chino
No you don't need to use today's high
You can only use it if there is a fall from it that breaks the most recent low

best wishes
Be careful what you think because your thoughts run your life..Solomon
 
1
  • Post #2,154
  • Quote
  • Jan 12, 2017 2:21pm Jan 12, 2017 2:21pm
  •  Akt
  • | Commercial Member | Joined Jan 2016 | 2,606 Posts
Quoting Mercennary
Disliked
{quote} The pattern I'm in goes as follow, I study study study, trade and achieve breakeven to moderate success but when I take losses, especially if they are more than 3 in row, looks like the entire hell break loose and things go downhill from there, so time to blame methodology and move along repeating same process, 3 years of my life in this way, but still have the desire to succeed, and I WILL. I think it has a LOT to do with impatience, I end up taking sub optimal setups because I feel the urge to be in a position constantly... Don't get me...
Ignored

I guess you are speaking to the right person then
only kidding.

Let's think about those losses. Something happens in your mind that frustrates you with the breakeven and moderate succeses
Chances are, you are not satisfied with them. You want to hit it hard and big and those breakevens are just not good enough.
The minute a loss comes in, it is threatening.
It annoys you.
You take one more trade, and lose, the annoyance worsens and sometimes turns to wanting revenge, meaning "give me my money back" syndrome basically.
You then take another loss and by then the damage is done. You are caught in the "fog of war" and fail to see the damage you are doing to your emotional capital in the moment.

Too many focus on their account capital rather than their emotional capital.
One can be "easily" replaced when it is lost the other takes much longer and more focused determined work to replace

Focus on keeping your emotional capital as high as possible.

So when you take that FIRST loss. Stop and notice...
Notice the emotion at that point, don't ignore it. Register it.
Then ask the question, "why do i feel this way over one trade of the many i will make in my career?"
Notice what you are not doing whilst doing this small exercise....you are not pressing any buttons getting you into new trades

best wishes
Be careful what you think because your thoughts run your life..Solomon
 
3
  • Post #2,155
  • Quote
  • Jan 12, 2017 2:36pm Jan 12, 2017 2:36pm
  •  Mercennary
  • Joined Oct 2016 | Status: Member | 346 Posts
Quoting Akt
Disliked
{quote} I guess you are speaking to the right person then only kidding. Let's think about those losses. Something happens in your mind that frustrates you with the breakeven and moderate succeses Chances are, you are not satisfied with them. You want to hit it hard and big and those breakevens are just not good enough. The minute a loss comes in, it is threatening. It annoys you. You take one more trade, and lose, the annoyance worsens and sometimes turns to wanting revenge, meaning "give me my money back" syndrome basically....
Ignored
Wow , this is exactly the way I feel, fog of war....the desire to hit it big. I truly end up revenge trading my way to ruin.

Thank you so much for your priceless help, your post will remain as a cornerstone in my career

sorry for taking your time Sir, best regards
thinking outside the box
 
 
  • Post #2,156
  • Quote
  • Jan 12, 2017 3:15pm Jan 12, 2017 3:15pm
  •  Szymon
  • | Joined Jun 2014 | Status: Member | 79 Posts
Quoting Mercennary
Disliked
{quote} The pattern I'm in goes as follow, I study study study, trade and achieve breakeven to moderate success but when I take losses, especially if they are more than 3 in row, looks like the entire hell break loose and things go downhill from there, so time to blame methodology and move along repeating same process, 3 years of my life in this way, but still have the desire to succeed, and I WILL. I think it has a LOT to do with impatience, I end up taking sub optimal setups because I feel the urge to be in a position constantly... Don't get me...
Ignored
no, you do not sound like a crazy person. i think this is the situation of over 90% of people so-called traders. but you are the only brave enough to express and describe it. i was lucky to meet a person who told me such a sentence: even such an easy tool as a moving avarages can be profitable if you control your mind and emotions. and it is true.
s.
Mind is like a parachute - it is useful only if open
 
1
  • Post #2,157
  • Quote
  • Jan 12, 2017 3:20pm Jan 12, 2017 3:20pm
  •  Shuterdown
  • | Joined Dec 2016 | Status: Member | 8 Posts
Nice S/D Zone on E-Mini SP
60 min. timeframe
Entry, stop, and TP marked on chart.
Around 10:1 RR
30 min into trade.....will see what happens!!!

Open for comments.
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  • Post #2,158
  • Quote
  • Jan 12, 2017 3:31pm Jan 12, 2017 3:31pm
  •  TophatTrader
  • | Joined Apr 2016 | Status: Member | 29 Posts
Quoting Mercennary
Disliked
{quote} The pattern I'm in goes as follow, I study study study, trade and achieve breakeven to moderate success but when I take losses, especially if they are more than 3 in row, looks like the entire hell break loose and things go downhill from there, so time to blame methodology and move along repeating same process, 3 years of my life in this way, but still have the desire to succeed, and I WILL. I think it has a LOT to do with impatience, I end up taking sub optimal setups because I feel the urge to be in a position constantly... Don't get me...
Ignored
If i may, every individual is different, every individual's situation is different. One thing that really helped me is to be self-aware of what ticks you and what ticks you off, and find ways to get rid of those emotions. Everyone is emotional when it comes to trading, I absolutely do not believe in the notion of "trading like a robot" because frankly so, no one can. What you can do however, is to be aware of your emotions, understand them and work towards them accordingly, over time confidence will come through and it gets easier from there!

I think we're all pretty fortunate how this thread turned out to be a supporting one, it makes growing that much easier!
 
1
  • Post #2,159
  • Quote
  • Jan 12, 2017 3:42pm Jan 12, 2017 3:42pm
  •  Mercennary
  • Joined Oct 2016 | Status: Member | 346 Posts
Quoting Szymon
Disliked
{quote} no, you do not sound like a crazy person. i think this is the situation of over 90% of people so-called traders. but you are the only brave enough to express and describe it. i was lucky to meet a person who told me such a sentence: even such an easy tool as a moving avarages can be profitable if you control your mind and emotions. and it is true. s.
Ignored
Quoting TophatTrader
Disliked
{quote} If i may, every individual is different, every individual's situation is different. One thing that really helped me is to be self-aware of what ticks you and what ticks you off, and find ways to get rid of those emotions. Everyone is emotional when it comes to trading, I absolutely do not believe in the notion of "trading like a robot" because frankly so, no one can. What you can do however, is to be aware of your emotions, understand them and work towards them accordingly, over time confidence will come through and it gets easier from there!...
Ignored
Thanks guys, nice to be in a thread that helps a trader development beyond methodology.
thinking outside the box
 
 
  • Post #2,160
  • Quote
  • Jan 12, 2017 4:57pm Jan 12, 2017 4:57pm
  •  GravyBoatBob
  • | Joined Dec 2016 | Status: Member | 16 Posts
EURUSD This daily area looks weird to me. Thoughts? I'm taking the 4 hour are for shorts instead.

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Here is the 4 hour zone I'm waiting for.

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