My Line in the Sand | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Renko line in the sand 294 replies

Line in the Sand 106 replies

Line in the Sand Part 2 4 replies

Daily Break and bounce - line in the sand 9 replies

Attachments: My Line in the Sand
Exit Attachments

My Line in the Sand

  • #501
  • Mar 25, 2017 9:50am Mar 25, 2017 9:50am
Quoting devontrader
{quote} 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
You seem to be under the mis-guided illusion that I owe you something lol.

Get real man....I owe you nothing more than already given. If you want a free ride then look elsewhere!
  • #502
  • Mar 25, 2017 10:33am Mar 25, 2017 10:33am
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...

Hi Landline,

I agree without knowing where Orders are placed in the "Book" we cannot know exactly where or when the Market will hit a Level of Heavy Buying or Selling.

But these Levels do leave a foot print in the Market.

I don't get too caught up as to what the Institutions are doing it's only when I see certain things happening and I'm not Trading.

I could be completely wrong in what I'm seeing within the Market, at the moment and it could well continue to drop.

The most important thing is to Trade what you "SEE" not what you "THINK"

As far as my results go I am at around 60% profitable.

It is frustrating when I miss a lot of the best Setups through work commitments.

Look at this Post #493 ,on Friday, there was Shorting Opportunities, on M5, after the Market broke the level I highlighted but I wasn't around to Trade them because I was working.

I work in the building trade and I love it and I will continue as long as I can but I'm getting older.

Eventually I will be Trading more and when I do I want to be prepared and then I will be able to take the best Setups and Trade at the best times.

As far as my Method is concerned I get my Trade Bias from H1 (Market above/below H1 10 SMA) wait for a PullBack to Structure on M5 look for PA and Enter that's it.

As far as what you are doing being easier I can't comment because I've not seen your Method fully explained.

Even if you explained it in every detail unless I could see and really understand an advantage over what I am doing I would carry on as I am.

That's no disrespect to you it's just the way it is.
  • #503
  • Mar 25, 2017 10:53am Mar 25, 2017 10:53am
Quoting Landline
{quote} You seem to be under the mis-guided illusion that I owe you something lol. Get real man....I owe you nothing more than already given. If you want a free ride then look elsewhere!
close the door on the way out.
i think steve said it just right
  • #504
  • Mar 25, 2017 1:08pm Mar 25, 2017 1:08pm
Quoting stevepatt
{quote} Hi Landline, I agree without knowing where Orders are placed in the "Book" we cannot know exactly where or when the Market will hit a Level of Heavy Buying or Selling. But these Levels do leave a foot print in the Market. I don't get too caught up as to what the Institutions are doing it's only when I see certain things happening and I'm not Trading. I could be completely wrong in what I'm seeing within the Market, at the moment and it could well continue to drop. The most important thing is to Trade what you "SEE" not what you "THINK" As...
That was a thoughtful post of yours and appreciated.

I will still maintain as I've said however, that price in the right place. is the way to go, and completely ignore whatever banks may or may not have in mind.

And yes, my simple styles clearly don't suit pretty much everyone tbh, mainly because it is unconventional to others, in the sense that everyone is generally accustomed to the standard way of looking at price, which I happen to believe falls into the brokers hands, which is why so many lose imo.

Simplicity has always been my goal and I achieve that along with positive results, and some of the charts previously posted illustrate that approach.

I have purposely refrained from posting further charts incidentally, for a few reasons, not least because it tends to generate more questions than answers and I have neither the time nor inclination to want to bombard your thread with my charts, and before you suggest it, I neither have the time or inclination to post regularly enough to warrant starting a thread even if I wanted to. I spend enough time already with relatives and close friends helping them get up to pace...some pick it up quicker than others as you can imagine.
  • #505
  • Mar 25, 2017 1:10pm Mar 25, 2017 1:10pm
Quoting devontrader
{quote} close the door on the way out. i think steve said it just right
You are a hopeless case literally. Give it up and stick to your jigsaw puzzles is my advice lol
  • #506
  • Mar 25, 2017 6:52pm Mar 25, 2017 6:52pm
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}

Hi Steve,

Thanks for the response. One item I did notice was how you defined your area..With 20 being the top, the round number being the middle and 80 being the bottom. Makes seeing the areas of Accumulation more obvious. As a Supply Demand trade for quite some time I find it interesting that many ( not all ) of Supply Demand zones are in and around these areas. I also like your comment regarding compression as the Sm are building their positions fr the eventual expansion. I used to define SR's with simple horizontal lines but that does not give me the "areas" as the .200, .800 seem to do. SD Zones are area as well, so this should fit well within my trading. I have noticed ( at this point ) that you can see price jump out of the areas briefly grabbing more Short to go Long or more Long to go Short. We see this clearly above the 140.200 mark, collecting Longs to go Short, as they did Mar 21-22 .. down to the 137.000

Thanks again!

TSD
  • #507
  • Mar 26, 2017 5:58am Mar 26, 2017 5:58am
Quoting TraderinSD
{quote} Hi Steve, Thanks for the response. One item I did notice was how you defined your area..With 20 being the top, the round number being the middle and 80 being the bottom. Makes seeing the areas of Accumulation more obvious. As a Supply Demand trade for quite some time I find it interesting that many ( not all ) of Supply Demand zones are in and around these areas. I also like your comment regarding compression as the Sm are building their positions fr the eventual expansion. I used to define SR's with simple horizontal lines but that does...

Hi TSD,

There's a Level of Limit Sell Orders sitting around 140.500 Half Number on the 21st the Market made a concerted effort to reach that Level of Selling to Off Load their Long Positions.

The charts I've posted below might be well of the mark but it's one case scenario.

As I've said, in previous posts, it's a matter of waiting and seeing the Markets intentions and not just Trading what we think.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Mar 17 GBP:JPY H1 Observations.png Size: 191 KB
Click to Enlarge Name: 26th Mar 17 GBP:JPY H1 Observations 2.png Size: 218 KB
  • #508
  • Mar 26, 2017 6:55am Mar 26, 2017 6:55am
Quoting stevepatt
{quote} Hi TSD, There's a Level of Limit Sell Orders sitting around 140.500 Half Number on the 21st the Market made a concerted effort to reach that Level of Selling to Off Load their Long Positions. The charts I've posted below might be well of the mark but it's one case scenario. As I've said, in previous posts, it's a matter of waiting and seeing the Markets intentions and not just Trading what we think. {image} {image}
steve

can u do me a fav and do a quicl amalysis on what you see with eurusd
  • #509
  • Mar 26, 2017 7:50am Mar 26, 2017 7:50am
Quoting devontrader
{quote} steve can u do me a fav and do a quicl amalysis on what you see with eurusd

Hi Jason,

You can see what is happening with EUR/USD by just looking at H4 and H1.

Take a look at H4 on the 8th December 2016 and what do you see?

What happens from that Level on the 2nd February 2017?

Does it look like it's about to happen again?

Let me know what you think.
  • #510
  • Mar 26, 2017 8:16am Mar 26, 2017 8:16am
Quoting stevepatt
{quote} Hi Jason, You can see what is happening with EUR/USD by just looking at H4 and H1. Take a look at H4 on the 8th December 2016 and what do you see? What happens from that Level on the 2nd February 2017? Does it look like it's about to happen again? Let me know what you think.
price made a stop hunt in december and 2x more price as come back for orders in order to go short
price is also hanging around the round number and 20
ithink price will go short however the daily longer term is going long

have i missed any thing?

ive pm you too steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: steve eu.JPG Size: 264 KB
Click to Enlarge Name: steve eu D.JPG Size: 310 KB
  • #511
  • Mar 26, 2017 8:58am Mar 26, 2017 8:58am
Quoting devontrader
{quote} price made a stop hunt in december and 2x more price as come back for orders in order to go short price is also hanging around the round number and 20 ithink price will go short however the daily longer term is going long have i missed any thing? ive pm you too steve {image} {image}
Hi Jason,

Look at H1,H4 and D1 look for what needs to happen before a Bearish move can be confirmed longer term.
  • #512
  • Mar 26, 2017 9:31am Mar 26, 2017 9:31am
Quoting stevepatt
{quote} Hi Jason, Look at H1,H4 and D1 look for what needs to happen before a Bearish move can be confirmed longer term.
only thing i can see steve is a stop hunt
price to be pushed above the highs and take out the stops in order to provide more liquidity

if im wrong please do let me know
Attached Image (click to enlarge)
Click to Enlarge Name: steve Q.JPG Size: 244 KB
  • #513
  • Mar 26, 2017 12:14pm Mar 26, 2017 12:14pm
Quoting devontrader
{quote} only thing i can see steve is a stop hunt price to be pushed above the highs and take out the stops in order to provide more liquidity if im wrong please do let me know {image}

Hi Jason,

Think more in terms of Structure and what we need to be seeing to confirm a Bearish Trend
  • #514
  • Mar 26, 2017 12:59pm Mar 26, 2017 12:59pm
Quoting stevepatt
{quote} Hi Jason, Think more in terms of Structure and what we need to be seeing to confirm a Bearish Trend
are you referring to lower high
  • #515
  • Mar 26, 2017 1:19pm Mar 26, 2017 1:19pm
Quoting devontrader
{quote} are you referring to lower high

LH LL = Bearish Structure

HH HL = Bullish Structure

Check out the confirmed LL, on the chart below, on H4 and D1 once this is broken Bearish Structure from at least H4 down is confirmed.

Just follow Price and the Market Structure it will tell you the way to go.
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Mar 17 EUR:USD h1 Observations.png Size: 144 KB
  • #516
  • Mar 26, 2017 1:33pm Mar 26, 2017 1:33pm
Quoting stevepatt
{quote} LH LL = Bearish Structure HH HL = Bullish Structure Check out the confirmed LL, on the chart below, on H4 and D1 once this is broken Bearish Structure from at least H4 down is confirmed. Just follow Price and the Market Structure it will tell you the way to go. {image}
so we should see this on all 3 tf
  • #517
  • Edited Mar 27, 2017 1:36am Mar 26, 2017 2:43pm | Edited Mar 27, 2017 1:36am
Quoting devontrader
{quote} so we should see this on all 3 tf

When looking for a 3 week Bullish run to turn over the Higher the TFs you see Bearish Structure the better.

A 3 week Bullish/Bearish run starts with the first tick and works it's way up through the TFs.

I'm just doing this as an exercise to see if I can read "Big Moneys" plan of action I could be way off course.

And it doesn't matter if I am, off course, because I follow Price Short term (H1 M5)

Being able to read "Big Moneys" plans is far more important the Higher the TF you Trade (H4 D1) because you are looking for bigger Market moves to profit from.

It's all about Trends within Trends by Trading M5 I can be Trading both with and against (PullBacks) the Longer Term Trend (H4 D1)
  • #518
  • Mar 26, 2017 4:04pm Mar 26, 2017 4:04pm
Quoting stevepatt
{quote} When looking for a 3 week Bullish run to turn over the Higher the TFs you see Bearish Structure the better. A 3 week Bullish/Bearish run starts with the first tick and works it's way up through the TFs. I'm just doing this as an exercise to see if I can read "Big Moneys" plan of action I could be way off course. And it doesn't matter if I am, off course, because I follow Price Short term (H1 M5) Being able to read "Big Moneys" plans is far more important the Higher the TF you Trade (H4 D1) because you are looking for bigger Market moves...
yea i fully understand

just as a suggestion...when you do your h1 and m5 charts for.short term why not.do the higher timeframes too for longer term.
so.in essence you present your view long term then you present your view long term
  • #519
  • Mar 27, 2017 1:24am Mar 27, 2017 1:24am
GBP/JPY H1 Observations

If the Market is going to continue to fall I want to see a Break and Test of Wednesday's Low before committing to going Short

Remember to Trade Price and not what you think
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Mar 17 GBP:JPY H1 Observations.png Size: 130 KB
  • #520
  • Mar 27, 2017 5:09am Mar 27, 2017 5:09am
Quoting stevepatt
{quote} Hi Landline, I agree without knowing where Orders are placed in the "Book" we cannot know exactly where or when the Market will hit a Level of Heavy Buying or Selling. But these Levels do leave a foot print in the Market. I don't get too caught up as to what the Institutions are doing it's only when I see certain things happening and I'm not Trading. I could be completely wrong in what I'm seeing within the Market, at the moment and it could well continue to drop. The most important thing is to Trade what you "SEE" not what you "THINK" As...
Hi, I am not out to change your method at all btw, on the contrary, I happen to prefer independent thinkers who don't heavily rely on being spoon fed (nudging is ok though) and it is your own method and that is important, and I actually think everyone should develop their own which I've conveyed once or twice lol.

My real point however, was based on your success rate. You have said it is about 60%, that's ok I won't dispute that, but what if I said that could easily be hoisted to nearer 80% (imo) for your particular method, based upon your entry criteria s/l and targets as I see it.

It can be done without revision to your existing means of analysis at all or your preferred m5 tf, and only requires you to tune your mind a touch. Have a think about how you can improve your profit returns and respond if you want to. I'll nudge if you like after you've had some time to consider for yourself what you could do to get a more satisfactory result for your specific method.
3 traders viewing now