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Price is everything

  • #30,801
  • Mar 7, 2017 2:59am Mar 7, 2017 2:59am
Nice Short setup here also, look at the chart, I tried to write all the infos there
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Sorry if they are a bit crowded, just ask in case of questions, I will try my best to clarify

maxx
If you quit, it is NEVER going to happen...
  • #30,802
  • Mar 7, 2017 3:29am Mar 7, 2017 3:29am
Usd/Cad . Nice One this also.
Daily
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And H4
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RR 7:1 on this particular trade.
What do yoy guys think?

maxx
If you quit, it is NEVER going to happen...
  • #30,803
  • Mar 8, 2017 10:08am Mar 8, 2017 10:08am
Quoting maxx7
Whoooahhh!!...I smell Bacon on this one... {image} {image} {image} let's see... maxx
.....er...yeah I smelled Bacon, but the pig seems to be ME!!!
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The Kiwi came down crashin and burnin....ouch!

Oh well, next one please...
maxx
If you quit, it is NEVER going to happen...
  • #30,804
  • Mar 8, 2017 4:34pm Mar 8, 2017 4:34pm
Quoting maxx7
{quote} .....er...yeah I smelled Bacon, but the pig seems to be ME!!! {image} The Kiwi came down crashin and burnin....ouch! Oh well, next one please... maxx
Good Stuff you are..posting here..
  • #30,805
  • Mar 9, 2017 12:11am Mar 9, 2017 12:11am
Quoting danc
{quote} Good Stuff you are..posting here..
.
Thank you very much indeed for the compliments...
Problem is that i am still a complete rookie in this strategy, and my winning percentage is REALLY LOW (say 1 winner for 5-6 losers).
So, since I need help from the pros here to better my chart reading, and of course time to let this concept to sink in, my advice is to look at what i share with the curiosity to search and check further yourself.
Anyway I am really happy to help, as long as I can with my limited knowledge.

maxx
If you quit, it is NEVER going to happen...
  • #30,806
  • Mar 10, 2017 12:42am Mar 10, 2017 12:42am
Using the uptrend momentum
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  • #30,807
  • Mar 10, 2017 2:09am Mar 10, 2017 2:09am
Quoting pedrosa
Using the uptrend momentum {image}
Hi Pedrosa.
Since i like a lot trading the 5min, could you please share some detail related to your approach, or direct me to previous posts?
Thank You.
maxx
If you quit, it is NEVER going to happen...
  • #30,808
  • Mar 10, 2017 2:13am Mar 10, 2017 2:13am
What I really find difficult, since all price action strategy are somehow discectionary, is to formulate strict rules for backtesting.
I strongly believe manual backtesting is really useful, both to evaluate statistics and even more for building confidence and trust any strategy.
Have somebody ever attempted something in this direction?
Thanx everybody.

maxx
If you quit, it is NEVER going to happen...
  • #30,809
  • Mar 10, 2017 4:44am Mar 10, 2017 4:44am
Quoting maxx7
{quote} Hi Pedrosa. Since i like a lot trading the 5min, could you please share some detail related to your approach, or direct me to previous posts? Thank You. maxx
Hi max,

Some of the greatest words from RED are past, approach, reaction. Often that's my method.

For this trade, weak pull back in an uptrend is enough for me to enter.

screen time is main to understand price patterns, been studying this since 7 to 8 years.
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  • #30,810
  • Mar 10, 2017 6:01am Mar 10, 2017 6:01am
It makes me Angry when some idiots who are selling the " ultimate forex courses " making fun of people who are trying their best to help others here

I want to say one thing for them, keep your paid ideas to your self, once the members study red's and other masters post, they will understand the needful.

I heard some idiots said " I will offer everything for free " ... Now it seems the things have changed.

One comment i want to make here, Every thing that you need to learn to get successful in forex are available free in this very forum. This thread on it's own enough to make successful trading career.

Don't go for any paid courses, put screen time after studying red and other masters posts. Enough.
:
  • #30,811
  • Mar 10, 2017 3:49pm Mar 10, 2017 3:49pm
Quoting pedrosa
It makes me Angry when some idiots who are selling the " ultimate forex courses " making fun of people who are trying their best to help others here I want to say one thing for them, keep your paid ideas to your self, once the members study red's and other masters post, they will understand the needful. I heard some idiots said " I will offer everything for free " ... Now it seems the things have changed. One comment i want to make here, Every thing that you need to learn to get successful in forex are available free in this very forum. This thread...
Well said.

I know of a number of Traders have gone from this thread to trading full time. All is here. Red has said so himself.

Each must find their own path. Some will find it quickly others may take years. Each traders path is unique.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #30,812
  • Mar 11, 2017 1:17am Mar 11, 2017 1:17am
Quoting pedrosa
I heard some idiots said " I will offer everything for free "
and what's even more silly :
"we are here to help" (for a good fee)
and my alltime favorite : "Traders helping traders" (that's absolutely right, since I -the "rookie" trader- put my money in your pocket helping YOU - The "pro" trader - to stay alive...not the other way around)
Crap!

maxx
If you quit, it is NEVER going to happen...
  • #30,813
  • Mar 11, 2017 1:54pm Mar 11, 2017 1:54pm
Quoting maxx7
{quote} and what's even more silly : "we are here to help" (for a good fee) and my alltime favorite : "Traders helping traders" (that's absolutely right, since I -the "rookie" trader- put my money in your pocket helping YOU - The "pro" trader - to stay alive...not the other way around) Crap! maxx

I guess that's one way of looking at it. When Red set this thread up the whole premise was "Traders helping traders"

Depends on your perspective I guess.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #30,814
  • Mar 12, 2017 3:05am Mar 12, 2017 3:05am
Quoting pedrosa
Using the uptrend momentum {image}
Hi Pedrosa

Would i be correct in my analysis, of your trade set up, as overlaid on your original chart:

 

  1. An engulf north of the trendline.
  2. A rejection of the demand that caused the engulf.



Grazy

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  • #30,815
  • Mar 12, 2017 8:13am Mar 12, 2017 8:13am
Quoting grazy81
{quote} Hi Pedrosa Would i be correct in my analysis, of your trade set up, as overlaid on your original chart: An engulf north of the trendline. A rejection of the demand that caused the engulf. Grazy {image}
spot on, Fake out adds to confluence here.
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  • #30,816
  • Mar 12, 2017 8:22am Mar 12, 2017 8:22am
Quoting pedrosa
It makes me Angry when some idiots who are selling the " ultimate forex courses " making fun of people who are trying their best to help others here I want to say one thing for them, keep your paid ideas to your self, once the members study red's and other masters post, they will understand the needful. I heard some idiots said " I will offer everything for free " ... Now it seems the things have changed. One comment i want to make here, Every thing that you need to learn to get successful in forex are available free in this very forum. This thread...
Some make it simple.
Some make it difficult.

Some are willing to learn.
Some seek only handouts.

Some facilitate Independence.
Some create dependence.

It is all here in this forum.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #30,817
  • Mar 12, 2017 8:33am Mar 12, 2017 8:33am
Quoting TooSlow
{quote} Some make it simple. Some make it difficult. Some are willing to learn. Some seek only handouts. Some facilitate Independence. Some create dependence. It is all here in this forum.
Sadly more traders are in the later category, that's what feeds the eagles.

Hope this thread from the master helps to change more people.
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  • #30,818
  • Mar 12, 2017 8:55am Mar 12, 2017 8:55am
Quoting pedrosa
{quote} Sadly more traders are in the later category, that's what feeds the eagles. Hope this thread from the master helps to change more people.

Hi Pedrosa

I see that you have also been in the RTM thread.

Sadly i am a little too late to the RTM party as the main site changed to a paid site. I also see that your not a huge advocate of the change, but my question is this. Do you feel that it is worthwhile to pursue the RTM methodology given that the forum is now private access, and the bulk of the materials are gone, or do you feel that this thread will provide a better understanding of price action with S/D?

The reason I ask is I am looking to understand in great detail the dynamics of price action and both threads have a hell of a lot of material to study and am after the best bang for my buck.

G
  • #30,819
  • Mar 12, 2017 9:19am Mar 12, 2017 9:19am
If you examine price, you will find out the price repeats the same levels multiple times. Sometimes more than 20-30 times...

This suggests Time is more important than price...

If you get the time right, the price is not really important. Few pips more or less? Would it matter?
Maadik Hugiis. IQ 69.
  • #30,820
  • Mar 12, 2017 9:30am Mar 12, 2017 9:30am
Quoting MoneyZilla
If you examine price, you will find out the price repeats the same levels multiple times. Sometimes more than 20-30 times... This suggests Time is more important than price... If you get the time right, the price is not really important. Few pips more or less? Would it matter?

Sounds like market profile?
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