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My Line in the Sand

  • #481
  • Mar 23, 2017 2:52am Mar 23, 2017 2:52am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Result BE +1 Pip {image}
GBP/JPY H1/M5 Observations

The Market is fluid by nature, its important to have a defined plan of action.

More than likely I won't be around to Trade today but the Chart below shows what I would be looking for in terms of a Bearish Bias.
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Mar 17 GBP:JPY H1:M5 Observations.png Size: 129 KB
  • #482
  • Mar 23, 2017 3:16am Mar 23, 2017 3:16am
Congratulations Stevepatt.. by far the most comprehensive and clear illustrations of charts /comments and method on whole of FF... great Stuff keep it up ..SP
  • #483
  • Mar 23, 2017 3:41am Mar 23, 2017 3:41am
SPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP
Attached Image (click to enlarge)
Click to Enlarge Name: SP.JPG Size: 125 KB
  • #484
  • Mar 23, 2017 4:25am Mar 23, 2017 4:25am
Quoting starpro
SPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}
great chart
post indys and template pls?
  • #485
  • Mar 23, 2017 6:25am Mar 23, 2017 6:25am
Indis are on the chart settings are 1.black ma 13 ..shift 2 smoothed ma>open
2. black ma 24 ema period 24 shift 1 ..med h/l/2
3. smooth HA settings 2/13/3/2
4. grey boxes are the range of the last hour before Australian open (Lems(?) witching hour )
can do without HA , I use purely to see color of trend , just reminds me to trade with trend ... makes me think twice
I havent used the 1/2 trend yet but it looks like it will just be another confirming indi... Good Fortune peoples
  • #486
  • Mar 23, 2017 8:21am Mar 23, 2017 8:21am
Quoting starpro
SPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}
My ears were burning, lol.

Good stuff - but just wanted to point out in the interests of true clarity, that my Witching Hour is the hour before the Japanese Open, not the Australian one, which comes two hours earlier. I have used the Sydney Open (the hour before the open) and it works just dandy, it just doesn't have a snappy name attached .
  • #487
  • Mar 23, 2017 10:18am Mar 23, 2017 10:18am
GBP/JPY H1/M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Mar 17 GBP:JPY H1:M5 Long Trade 2.png Size: 146 KB
  • #488
  • Mar 23, 2017 11:08am Mar 23, 2017 11:08am
Quoting starpro
SPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}

Hi Starpro,

You can use what ever works for you, I find too many things on my chart confusing.

I'm Trading M5 by using the H1 10 SMA as my Trade Bias.

I look for a PullBack, on M5, to Market Structure particularly around Whole and Half Numbers and then PA to enter a Trade.

As you might have noticed I watch the Round and Half Numbers closely.

The .200 and .800 numbers play their role also.

A lot of Market moves emanate from these Levels just look at any Chart to see this.
  • #489
  • Mar 23, 2017 11:30am Mar 23, 2017 11:30am
Quoting stevepatt
GBP/JPY H1/M5 Long Trade {image}
GBP/JPY H1/M5 Long Trade result

+22 Pips +1.5R

The Market was really struggling to get above the previous Swing High and the present Swing is 100 pips which is pushing it even for GBP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Mar 17 GBP:JPY H1:M5 Long Trade Result 2.png Size: 158 KB
  • #490
  • Mar 23, 2017 11:55am Mar 23, 2017 11:55am
GBP/JPY H1/M5 Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23rd Mar 17 GBP:JPY H1 Observations.png Size: 130 KB
Click to Enlarge Name: 23rd Mar 17 GBP:JPY M5 Observations.png Size: 138 KB
  • #491
  • Mar 23, 2017 12:35pm Mar 23, 2017 12:35pm
Quoting stevepatt
GBP/JPY H1/M5 Observations {image} {image}
GBP/JPY H1/M5 Buy Limit Order
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Mar 17 GBP:JPY M5 Buy Limit.png Size: 108 KB
  • #492
  • Mar 23, 2017 1:59pm Mar 23, 2017 1:59pm
Quoting stevepatt
{quote} GBP/JPY H1/M5 Buy Limit Order {image}
Canceled the Buy Limit Order
  • #493
  • Mar 24, 2017 1:40am Mar 24, 2017 1:40am
GBP/JPY H1/M5 Observations

There's nothing to do but WAIT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th Mar 17 GBP:JPY H1 Observations .png Size: 123 KB
Click to Enlarge Name: 24th Mar 17 GBP:JPY M5 Observations.png Size: 123 KB
  • #494
  • Mar 24, 2017 10:02am Mar 24, 2017 10:02am
Hi stevepatt,

Just wanted to say thank you for some info I gleaned from your posts. Specifically

The .200 and .800 numbers play their role also.

A lot of Market moves emanate from these Levels just look at any Chart to see this.

I have incorporated it into my style of trading.

Thanks and good trading to ya!!

TSD
  • #495
  • Mar 24, 2017 12:29pm Mar 24, 2017 12:29pm
Quoting TraderinSD
Hi stevepatt, Just wanted to say thank you for some info I gleaned from your posts. Specifically The .200 and .800 numbers play their role also. A lot of Market moves emanate from these Levels just look at any Chart to see this. I have incorporated it into my style of trading. Thanks and good trading to ya!! TSD

Hi TraderinSD,

Glad it has helped.

Be sure to use them in conjunction with Whole and Half Numbers Institutions and Banks love them.

When Banks and Institutions are Accumulating Orders around a Whole Number they use the .200 .800 as buffers to keep the Market compressed until their Orders are filled.

GBP/JPY, at the moment, is a good example of how these Numbers are used for placing Limit Orders and off loading old positions to build new ones.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Mar 17 GBP:JPY H1 Observations.png Size: 172 KB
  • #496
  • Mar 25, 2017 8:00am Mar 25, 2017 8:00am
Quoting stevepatt
{quote} Hi TraderinSD, Glad it has helped. Be sure to use them in conjunction with Whole and Half Numbers Institutions and Banks love them. When Banks and Institutions are Accumulating Orders around a Whole Number they use the .200 .800 as buffers to keep the Market compressed until their Orders are filled. GBP/JPY, at the moment, is a good example of how these Numbers are used for placing Limit Orders and off loading old positions to build new ones. {image}
I continue to trade my simple variants using the core principles of price, along with my notion of s & r, including where I perceive ob/os levels are within the above context.

I do not consider at all what the banks/institutions might be doing, or planning to do, because I simple do not and cannot know. In any case, their actions are directly reflected in the price, and it is the price that I as a retail trader can trade against.

I think (imo) the moment anyone starts getting embroiled with banks intentions etc, then they are more likely to lose their focus on what we as traders trade..ie price!

That is all I personally focus on and that doctrine nets me comfortable returns daily/weekly.

Looking at your trading results suggests about 40-50% strike rate, which whilst still keeping you ahead of the game, doesn't represent a good enough return v the time invested (imo).

Something is amiss with your strategy I believe, not necessarily much, and probably revolves around the stop level, mm, t/f traded, target, and entry point.

If you figure some of that stuff out, without concerning yourself so much on what the banks etc are doing, and focus your attention to what I've mentioned, then I think you'll find that you have immediate improvements, not to mention it'll be a whole lot easier to trade (imo)

Btw, GJ you mentioned looks long....I'm not so sure at this point, and I await the right area of my chart on Monday to give me more of a clue in the event I choose to trade it, but short is also an equally logical choice at this point in time so far as I'm concerned and I'll wait and see how price is panning out first before I take any action.
  • #497
  • Mar 25, 2017 9:11am Mar 25, 2017 9:11am
Quoting Landline
{quote} I continue to trade my simple variants using the core principles of price, along with my notion of s & r, including where I perceive ob/os levels are within the above context. I do not consider at all what the banks/institutions might be doing, or planning to do, because I simple do not and cannot know. In any case, their actions are directly reflected in the price, and it is the price that I as a retail trader can trade against. I think (imo) the moment anyone starts getting embroiled with banks intentions etc, then they are more likely...
with all respect...
and im not having a go or questioning your merhods or opinions ar all....i respect and take on board all you post..
however
may i just point out one thing?

for your suggestions and advice you never post charts and ideas on charts to help others to improve from your advice

perhaps if you do what steve does and puts up.his charts and reasons....in your case put up the charts and reasons with your idea of solution it would go a ling way to earning more respect.

a well known phrase...and not meant to.affend
if you talk the talk.....then walk the walk
  • #498
  • Mar 25, 2017 9:20am Mar 25, 2017 9:20am
Quoting devontrader
{quote} with all respect... and im not having a go or questioning your merhods or opinions ar all....i respect and take on board all you post.. however may i just point out one thing? for your suggestions and advice you never post charts and ideas on charts to help others to improve from your advice perhaps if you do what steve does and puts up.his charts and reasons....in your case put up the charts and reasons with your idea of solution it would go a ling way to earning more respect. a well known phrase...and not meant to.affend if you talk the...
You are talking nonsense.

Perhaps YOU ought to post YOUR charts eh?
  • #499
  • Mar 25, 2017 9:35am Mar 25, 2017 9:35am
Quoting Landline
{quote} You are talking nonsense. Perhaps YOU ought to post YOUR charts eh?
perhaps you can point me the way to your postings that has an explanation with chart as to what your saying.

i dont see any help anywhere like steve has done.

as for my chart posted....for starters i refer you to posts 455 and 465
  • #500
  • Mar 25, 2017 9:43am Mar 25, 2017 9:43am
Quoting Landline
{quote} You are talking nonsense. Perhaps YOU ought to post YOUR charts eh?
i refer you to post 475

close the door on the way out

theres a good girl
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