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Quoting wizlon32
{quote} Looks good mate Here is a different option with the RSI TL. The volume however is not very notable in my example but PA is nice. {image}
Wiz thanks for the reply. If i'm not mistaken the whole base of your idea is that MMs build their positions when prices are at extremes, so shouldn't we avoid candles that are sitting in the middle of a trend (as small as that trend may be) regardless of their PA or volumes?. I ask cause I've seen you've opened positions when price is either going up or down, or am I just splitting hairs here?

Thanks man.
Quoting josh11
{quote} First I wasn't advising you!! Just in general! I have been trading for more than 10 years now mate, so thanks for the advise but I am already a successful scalper, and like I said before I use a different system but very similar MM! Everything I share here is for the benifit of other but I am happy not to share!

Sorry. I thought you were commenting on my post. No offence intended.

Please do carry on posting your charts - I'm sure everyone would be happy for that because it helps to see what people are doing.
Quoting Anf3r
{quote} Wiz thanks for the reply. If i'm not mistaken the whole base of your idea is that MMs build their positions when prices are at extremes, so shouldn't we avoid candles that are sitting in the middle of a trend (as small as that trend may be) regardless of their PA or volumes?. I ask cause I've seen you've opened positions when price is either going up or down, or am I just splitting hairs here? Thanks man.
How do you know that a candle is in the middle of a trend until after that fact. Live trading is done in the moment and decisions have to made quickly especially when trading the one minute TF.
What I'm saying is that MMs build their short positions when price is rising - it wouldn't make much sense for them to build them as prices were falling. As well as building shorts they are closing longs so it is their interest to keep popping price up as they try to achieve what they want to do.

As we know price doesn't go in a straight line so even in an uptrend it is possible to make money shorting (although it may not be for the faint hearted). The reason being is that if price keeps going up then things become less attractive for big players so they drive price down for better entry prices.

Ideally I want to work on getting in on pullbacks and joining the main trend. My RSIs can help with that. Actually this is how I used to trade which you can see in my last thread. I need to combine the then with the now to maximise profits.
Indentify > Plan > Accept > Execute
Quoting jmtini
{quote} Sorry. I thought you were commenting on my post. No offence intended. Please do carry on posting your charts - I'm sure everyone would be happy for that because it helps to see what people are doing.
Honest to god, it may have looked that way, but it wasn't with that intention, and sorry if you felt I was digging at you, cause I wasn't. It was mainly for newbies that wanna learn, no offence taken!
Cheers
Would be nice if people can refrain from introducing new stuff to the thread. It will become a distraction, specially if your true intention to help newbies.
Quoting Ss45
Would be nice if people can refrain from introducing new stuff to the thread. It will become a distraction, specially if your true intention to help newbies.
Just a few people sharing some ideas. Wizlon can delete if he wishes. If you are not happy with a members posts you can always use the ignore button and then you will never see them.
Quoting Pent56
{quote} Just a few people sharing some ideas. Wizlon can delete if he wishes. If you are not happy with a members posts you can always use the ignore button and then you will never see them.

It is not about what I see or like about an individual member/post. This is a general pattern I have seen time after time. I am sure you have been long enough to notice this in FF. When an op starts a thread with his own idea then others jump in and introduce stuff that may or may not have anything to do with OP's intention. Only thing it does is confuse and dilute the thread. Why not just simply stick with OP trading intention. If you really want to help others then you should start own thread rather than using others platform.

Again this is not my thread. But this thread is starting off on the right footing, just don't want to see it going down the drain like other thousands in FF.
Quoting Ss45
Would be nice if people can refrain from introducing new stuff to the thread. It will become a distraction, specially if your true intention to help newbies.

I personally think that people who have absolutely nothing constructive to offer do not need to post any comments at all. Those traders who find something useful in my posts can use the information or trading ideas. Those who don't can simply ignore the posts rather then make unnecessary and unhelpful comments.

My post above was a question to Wizlon which had nothing to do with you anyway. Perhaps it's better if you post aggravating comments on other threads - there's lots to choose from and lots of other people to annoy!
Quoting Ss45
Would be nice if people can refrain from introducing new stuff to the thread. It will become a distraction, specially if your true intention to help newbies.
I hear you bro.

Jmtini, I appreciate your participation here but I hope you can try to understand what Ss45 is saying. You obviously have experience so I ask you to try go stick to the methods/concepts that I trying to describe. No offence meant mate.
I'm not totally against new ideas or additional content from people who know what they are on about but your posts dont even include anything about volume or price action.
Indentify > Plan > Accept > Execute
Quoting jmtini
{quote} Murray math levels perhaps also useful? The 1/8, 5/8, 7/8 and 8/8 levels were helpful yesterday with EURJPY (5min chart) up and down (scalping wise!) {image}
I don't know buddy, although I have heard of Murray Math I have no idea what it is and it isn't something that I plan to explore. What I do is simple and I think it is best kept that way. Perhaps adding Murray math levels wouldn't over complicate things but I just don't think they are necessary
Indentify > Plan > Accept > Execute
Quoting Pent56
{quote} Totally agree with you. Trade this pair quite a bit using PVSRA. Traded it yesterday and put a few notes on the 15 minute chart. (Wizlon - I know this is not technically scalping but the same thought processes can be used on the lower time frames and it does use volume as a clue giver! Hope it's cool with you. From what I understand you are looking for these volume spikes on the retraces?) {image}
Looking at your swing trade, you might benefit from the famous TVT20 on the current PVSRA forum here's the link in case you don't know it already
Quoting wizlon32
{quote} I hear you bro. Jmtini, I appreciate your participation here but I hope you can try to understand what Ss45 is saying. You obviously have experience so I ask you to try go stick to the methods/concepts that I trying to describe. No offence meant mate. I'm not totally against new ideas or additional content from people who know what they are on about but your posts dont even include anything about volume or price action.

OK no problem. Was just trying to be helpful! I shall unsubscribe and stick to the more general threads
May I ask do you staggered you buy order base on percentage of yr 1st entry or in candle PA. (Example of your buy order as picture attached) may 2nd eur/usd (thanks)
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Self discipline It is a practice
Quoting okshop
May I ask do you staggered you buy order base on percentage of yr 1st entry or in candle PA. (Example of your buy order as picture attached) may 2nd eur/usd (thanks) {image} {image}
I don't use any technique based on % of anything. I don't really recall those trades either. But I can tell you that I will just have bought based on my interpretation of the PA and volume and closed when I had a profit that I was happy with, even if I had to accept one position was still negative.

I think you are probably over-analysing what I do.
Indentify > Plan > Accept > Execute
Quoting wizlon32
{quote} I don't use any technique based on % of anything. I don't really recall those trades either. But I can tell you that I will just have bought based on my interpretation of the PA and volume and closed when I had a profit that I was happy with, even if I had to accept one position was still negative. I think you are probably over-analysing what I do.
Thanks for your patience in replying my question, takes a lot of experience the way you trade. Will practice in demo. Ace Trader. (Indentify > Plan > Accept > Execute) regards.
Self discipline It is a practice
Quoting okshop
{quote} Thanks for your patience in replying my question, takes a lot of experience the way you trade. Will practice in demo. Ace Trader. (Indentify > Plan > Accept > Execute) regards.
It is likely (99.95%) the OP is probably telling the truth, based on his desire to keep it simple. I think he is honest with this. I also think it took the OP many failures to get there, just keep that in mind when you start your 300 to 27,000 journey (in just 5 weeks), okshop.
Maadik Hugiis. IQ 69.
Quoting MoneyZilla
{quote} It is likely (99.95%) the OP is probably telling the truth, based on his desire to keep it simple. I think he is honest with this. I also think it took the OP many failures to get there, just keep that in mind when you start your 300 to 27,000 journey (in just 5 weeks), okshop.
Mate you must be joking, it will take me maybe a century to get to OP level. I guess I will be doing 300 to (-27,000/negative) easy in 5 weeks
Self discipline It is a practice
Quoting wizlon32
{quote} I don't use any technique based on % of anything. I don't really recall those trades either. But I can tell you that I will just have bought based on my interpretation of the PA and volume and closed when I had a profit that I was happy with, even if I had to accept one position was still negative. I think you are probably over-analysing what I do.
Wiz how long you trade these way with these wining %ge!? Because as i see there is no difference betwen your last thred and these there are to many similar things!?
I love to trade the Dax at or shortly after London Open. There is always a natural increase in trading volume at this time but many times it is still very obvious what is going on.

This chart might look a little messy with the lines I have drawn on but if I was trading at this time this is what I would be looking at.

L=Low and H=High. I look at both the lows and the highs and I work out where these is generally more interest. Here price is driven down for better prices to buy at. To the untrained eye it looks like there is a lot of selling pressure but we know that is not the case. This scenario plays out over and over again.

Studying the volume is not just about the individual candles and associated volume, we need to try to understand the bigger picture. I would have bought at most of those lows I'm sure but I have placed the "buy here" text because it is so obvious. The reason that it is so obvious is because by that point we have already seen so much buying at the lows. After this final deeper push down it is time to push higher.

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Indentify > Plan > Accept > Execute
Wiz you allredy are in these stage
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