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My Line in the Sand

  • #401
  • Mar 1, 2017 12:45am Mar 1, 2017 12:45am
Quoting stevepatt
GBP/JPY M5 Short Trade {image}
Taken out of this Trade at BE +1 pip.

GBP/JPY M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Mar 17 GBP:JPY M5 Long Trade.png Size: 105 KB
  • #402
  • Mar 1, 2017 10:38am Mar 1, 2017 10:38am
Quoting stevepatt
{quote} Taken out of this Trade at BE +1 pip. GBP/JPY M5 Short Trade {image}
Made 20 pips 1.5R on this Long Trade.

Just entered a GBP/JPY M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Mar 17 GBP:JPY M5 Short Trade.png Size: 143 KB
  • #403
  • Mar 1, 2017 10:53am Mar 1, 2017 10:53am
Quoting stevepatt
{quote} Made 20 pips 1.5R on this Long Trade. Just entered a GBP/JPY M5 Short Trade {image}
I'm out of the Short Trade at BE +1 pip not going to risk it.
  • #404
  • Mar 1, 2017 1:32pm Mar 1, 2017 1:32pm
Round Numbers attract Big Money.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st Mar 17 GBP:JPY Observations.png Size: 128 KB
Click to Enlarge Name: 1st Mar 17 GBP:JPY M5 Observations 2.png Size: 127 KB
Click to Enlarge Name: 1st Mar 17 GBP:JPY Observations 3.png Size: 129 KB
  • #405
  • Mar 2, 2017 12:53am Mar 2, 2017 12:53am
GBP/JPY M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Mar 17 GBP:JPY M5 Long Trade.png Size: 151 KB
  • #406
  • Mar 2, 2017 11:50am Mar 2, 2017 11:50am
Quoting stevepatt
GBP/JPY M5 Long Trade {image}

GBP/JPY M5 Long Trade Result (-10 pips) (-1R)

GBP/JPY M5 Short Trade

Trade with the Market Structure
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Mar 17 GBP:JPY M5 Short Trade.png Size: 175 KB
  • #407
  • Mar 5, 2017 4:27am Mar 5, 2017 4:27am
great work steve...
im always reading your postings and learning.

i sent you email too
  • #408
  • Mar 5, 2017 4:31am Mar 5, 2017 4:31am
Quoting stevepatt
{quote} GBP/JPY M5 Long Trade Result (-10 pips) (-1R) GBP/JPY M5 Short Trade Trade with the Market Structure {image}
i can see whycoff

accumilation ...jump the creek....throwback and effect into a reversal to a deep retracement to re accumalate in bullish order block to have effect for higher high.
into distribution and expect bearish price action
Attached Image
  • #409
  • Mar 5, 2017 8:24am Mar 5, 2017 8:24am
Quoting stevepatt
{quote} GBP/JPY M5 Long Trade Result (-10 pips) (-1R) GBP/JPY M5 Short Trade Trade with the Market Structure {image}
Hi

I notice that you continue to speak and annotate your charts in hindsight terms here and elsewhere when making your analysis, which is something anyone can do tbh (imo).

To gain the proper credibility, it is my opinion that you need to make your analysis going forward instead of what's already happened in order to make it of any use to anyone viewing. Then, if your analysis proves consistently correct on that basis, then more people are likely to take note of what you're talking about. At the moment, it is my opinion that you know what you are talking about only in hindsight, others will no doubt disagree with me though.

Therefore, why not prove your worth by posting what is going to happen (in your opinion) along with the kind of chart annotations that you are fond of, and then everyone can tell how consistently accurate your analysis really is in real time.

I have nothing against you btw, it's your thread here after all, and my comments are intended to be constructive for others to benefit from if you apply what I've suggested, but if not, then obviously you will know no more than anyone else posting hindsight analysis.

LL
  • #410
  • Mar 5, 2017 8:37am Mar 5, 2017 8:37am
Quoting Landline
{quote} Hi I notice that you continue to speak and annotate your charts in hindsight terms here and elsewhere when making your analysis, which is something anyone can do tbh (imo). To gain the proper credibility, it is my opinion that you need to make your analysis going forward instead of what's already happened in order to make it of any use to anyone viewing. Then, if your analysis proves consistently correct on that basis, then more people are likely to take note of what you're talking about. At the moment, it is my opinion that you know what...
good comments landline

i think its a good idea in order for thoughts and ideas to be valid.
please do keep posting...after all we are all.here to succeed.
i tbink steve is doing a great job and i hope you can join in too
  • #411
  • Mar 5, 2017 8:50am Mar 5, 2017 8:50am
Quoting devontrader
{quote} good comments landline i think its a good idea in order for thoughts and ideas to be valid. please do keep posting...after all we are all.here to succeed. i tbink steve is doing a great job and i hope you can join in too
Hi DT

Tbh, it is not my thread, and my own analysis of how and when to take a trade is clearly quite different (although very much easier imo lol)

Nevertheless, I've thrown out that challenge to SP, with the idea as I've said, that others can properly understand what he is talking about in real time (not hindsight) analysis, and to see whether or not he really knows what he is taking about, which would be proven by the results, which is really all that matters.
  • #412
  • Mar 5, 2017 9:30am Mar 5, 2017 9:30am
Quoting Landline
{quote} Hi I notice that you continue to speak and annotate your charts in hindsight terms here and elsewhere when making your analysis, which is something anyone can do tbh (imo). To gain the proper credibility, it is my opinion that you need to make your analysis going forward instead of what's already happened in order to make it of any use to anyone viewing. Then, if your analysis proves consistently correct on that basis, then more people are likely to take note of what you're talking about. At the moment, it is my opinion that you know what...
Hi Landline,

The Trades I post are always shown as I take the Trade and not after the fact and are exactly the same as what I post in hindsight.

Because of the time restraints I have I don't get to take many Trades.

I post after the fact charts to show where entries could have been taken by using Market Structure and PA this is how I Trade.

I'm sure we would all be very interested to see your Method for taking Trades.

Why don't you open your own journal?
Attached Image (click to enlarge)
Click to Enlarge Name: 5th mar 17 GBP:JPY Short Trade Result.png Size: 160 KB
  • #413
  • Mar 5, 2017 10:17am Mar 5, 2017 10:17am
Quoting stevepatt
{quote} Hi Landline, The Trades I post are always shown as I take the Trade and not after the fact and are exactly the same as what I post in hindsight. Because of the time restraints I have I don't get to take many Trades. I post after the fact charts to show where entries could have been taken by using Market Structure and PA this is how I Trade. I'm sure we would all be very interested to see your Method for taking Trades. Why don't you open your own journal? {image}
Yes, I realise that you are one of the few that posts their trades live and full credit for that.

That is not my point though, I am talking about you explaining what is going to happen to your live trade based upon the kind of annotations that you typically like to apply to your charts against what we know has already happened, and which is of course nothing more than hindsight annotations.

If you can annotate as confidently with what you believe is going to happen with your live trades along with your reasoning, then more people will take note, particularly if you end up being correct!

Looking at your trades of late I'd have to say gives me the impression of insufficient consistency of positive outcomes, and that could be attributed to other factors not taken into account. In any case, my whole point is live trades, live reasons, live annotations, everyone can make up their own minds then whether you're onto something worth pursuing or not. For me, the jury's out until I see everything I've mentioned.

Regarding my own journal, I may in time, it's possible, but to be frank, why should I, to what end, I have my edge already after all, which serves me well and would only end up attracting those that want spoon feeding for nothing! I am inclined on occasions though to "nudge" others in what I consider to be at least the right direction, but it usually ends up falling on deaf ears tbh for a variety of reasons...as I 've said in the past. people read a book and suddenly they think they can trade, knowledge can be both powerful and also damaging, and with the amount of access to online methods, systems, indicators, teachers, so called gurus etc, then many lose their way with overly complicating, ie worrying about what the big boys are doing amongst other things such as oscillators. I could say a lot more but that will do.
  • #414
  • Mar 5, 2017 10:42am Mar 5, 2017 10:42am
Quoting Landline
{quote} Yes, I realise that you are one of the few that posts their trades live and full credit for that. That is not my point though, I am talking about you explaining what is going to happen to your live trade based upon the kind of annotations that you typically like to apply to your charts against what we know has already happened, and which is of course nothing more than hindsight annotations. If you can annotate as confidently with what you believe is going to happen with your live trades along with your reasoning, then more people will take...
frustrating !!!!!!

ok you have your edge and method great
for some of us we are that close.
steve produces great charts and great explanations.
no doubt you could too and i wish you would here too.
you can just come and preach ...you got to practice too.

as for spoon feeing...thats cows manuare

you go to school or college and your taught....you then go and try for yourself...if you dont get it..not for the want of trying then the teacher shows you how to do it so you get the ah ha moment then move forwards.
its a sticking point.

im there...watched many hours of videos....understanding the theory but just camt quite......

hence would love to team up with steve and learn.
steve is using price action and following market makers....i can only see on your charts you using repainting indicators or lagging indicators

so there is many like me learning who hates being teased etc.
we all like yours and everyone elses input to learn......so please feel free to contribute.
post charts etc
..spread the knowledge....

i love helping others best i can but i too need help.

we all been there so stop posting excuses and help yout fellow friends and traders.

no one is here to laugh or tease ...we are all here to help each other.

steve...great thread....landline join in !!!!
  • #415
  • Mar 5, 2017 10:58am Mar 5, 2017 10:58am
Quoting devontrader
{quote} frustrating !!!!!! ok you have your edge and method great for some of us we are that close. steve produces great charts and great explanations. no doubt you could too and i wish you would here too. you can just come and preach ...you got to practice too. as for spoon feeing...thats cows manuare you go to school or college and your taught....you then go and try for yourself...if you dont get it..not for the want of trying then the teacher shows you how to do it so you get the ah ha moment then move forwards. its a sticking point. im there...watched...
I was on the verge of leading you a while back and I asked you a pertinent question at that time. Your response was something like "tell me".

Hardly conducive in my book to someone keen to take the correct measures step by step.

So, stop whining, allow SP to respond to my post, and take it from there!
  • #416
  • Mar 5, 2017 11:44am Mar 5, 2017 11:44am
Quoting Landline
{quote} I was on the verge of leading you a while back and I asked you a pertinent question at that time. Your response was something like "tell me". Hardly conducive in my book to someone keen to take the correct measures step by step. So, stop whining, allow SP to respond to my post, and take it from there!
im not whining just merely making my point !
  • #417
  • Mar 5, 2017 1:10pm Mar 5, 2017 1:10pm
Quoting Landline
{quote} Yes, I realise that you are one of the few that posts their trades live and full credit for that. That is not my point though, I am talking about you explaining what is going to happen to your live trade based upon the kind of annotations that you typically like to apply to your charts against what we know has already happened, and which is of course nothing more than hindsight annotations. If you can annotate as confidently with what you believe is going to happen with your live trades along with your reasoning, then more people will take...

Hi Landline,

To a degree you have a point but it's hard enough to take a snap shot of a Live Trade put in a few basic explanations and up-load it without having to go into great detail about why I've taken the Trade.

Again it's something I could only go into after the Trade has completed, if I have the time, I've got a life outside of Trading believe it or not.

I had pretty well highlighted everything that led me to take this Trade Post #406 the Market Structure the Engulfing Candle that led me to enter.

I did omit the H1 Resistance and the Bullish Exhaustion Candle but I can't include every detail when the Trade is still Open because of wanting to keep a close eye on the Open Trade.

As far as your own journal goes it's a good place to keep a record of your Trades and your thought process.

Where did you gain the knowledge to acquire your edge?

Because, if everyone took the attitude of not being assed to pass on their knowledge for fear of "Spoon Feeding" others, would you have your edge?

Personally I like helping others because I have been and continue to be helped going forward.
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Mar 17 GBP:JPY M5 Observations.png Size: 213 KB
  • #418
  • Mar 5, 2017 1:54pm Mar 5, 2017 1:54pm
Quoting stevepatt
{quote} Hi Landline, To a degree you have a point but it's hard enough to take a snap shot of a Live Trade put in a few basic explanations and up-load it without having to go into great detail about why I've taken the Trade. Again it's something I could only go into after the Trade has completed, if I have the time, I've got a life outside of Trading believe it or not. I had pretty well highlighted everything that led me to take this Trade Post #406 the Market Structure...
OK...let's be clear here, this thread is not about me or my method(s), it is about you and your method.

Briefly, I'll explain my journey trading though.

10 or so years back I paid for a course...money very poorly spent as it happens btw. I then threw that course away and experimented using my own styles with varying degrees of success and failure. I relied on no one but myself to investigate using any resource necessary and tune my own style gradually until I got to the point where I was very happy with my consistency which is where I now am.

You will not see any requests from me for assistance....my mantra is simple.... figure it out by using my own brain. That is my journey in a nutshell.

Back to the real point, why are you unable to post a live trade in the first instance at the very least? Then later, at your leisure, follow it up with any explanation/justification that persuaded you to take the trade. I am not talking about historical annotations btw, but only those that directly relate to the trade you have taken, which theoretically therefore should only be containing a few annotations, given the fact that historical annotations by definition are history and hence unnecessary to include on the chart.

I know that you post live trades (which is good) and if you can post live trades with all the historical annotations that you have done so in the past, then one would think it would be even easier to post live trades with just current annotation.
  • #419
  • Mar 6, 2017 1:34am Mar 6, 2017 1:34am
GBP/JPY M5 Short Trade

I'll post my reasoning behind this Trade later time permitting
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Mar 17 GBP:JPY M5 Short Trade.png Size: 736 KB
  • #420
  • Mar 6, 2017 2:23am Mar 6, 2017 2:23am
Quoting stevepatt
GBP/JPY M5 Short Trade I'll post my reasoning behind this Trade later time permitting {image}
steve

could you post how you set up.ur fib to plot the rr and stop loss levels...or email.me if thats easier
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