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THE only Pattern

  • #1,901
  • Edited 3:25pm May 26, 2017 3:08pm | Edited 3:25pm
I agree with Steve that more time in trade will increase your risk..............but no doubt if you want more pips you have to take that...........the typical way of doing it with less risk...........you enter the trade...........you reach your short term target............exit partially..............move stop on the other part to BE plus some pips...........forget it for some time and you may have a surprise............but you have to have very good entry to do that consistently...........
atheer1
  • #1,902
  • May 26, 2017 3:14pm May 26, 2017 3:14pm
Quoting ensale
Numero fineto... {image} ... GJ lowest zone play {image} .. {image} {image} We have all probably seen price fall (fast) before consolidating, and falling further, when consolidation is supported above by a zone above, you have a higher probable setup/trade. Trading the breakout and following trend.. all with trading the OP.. OP= only pattern, S/R=Support and resistance.
Hi Ensale,

The first chart you posted take a look at it on a H1 TF...

You see this most times Price Transition from one side to the other.
Attached Image (click to enlarge)
Click to Enlarge Name: 26th May 17 GBP:JPY H1 Observations 4.png Size: 130 KB
  • #1,903
  • May 26, 2017 3:20pm May 26, 2017 3:20pm
Quoting stevepatt
{quote} Hi Ensale, The first chart you posted take a look at it on a H1 TF... You see this most times Price Transition from one side to the other. {image}
Ah, your saying the buy setup, is not predictable or valid. and that you would not be buying whatsoever. Just selling in the downtrend.

Do I have the jist of what your saying?

Transition from buying to selling.. I see that with my guppy charts on M5.
It's in fear when people show what they truly value.
  • #1,904
  • May 26, 2017 3:25pm May 26, 2017 3:25pm
Quoting atheer1
I agree with Steve that more time in trade will increase your risk..............but no doubt if you want more pips you have to take that
Hi Atheer,

At the end of the day it comes down to personality and risk tolerance.

What I do suits me, I built it to match my tolerance for risk and my personality.

I'm sure you have done the same thing; once we get to a certain level of competence with our Trading we all have to start building what works for us as individuals.

Some people will look at what I'm doing and totally get it whilst others will think I'm mad for not allowing my Trades to run etc.
  • #1,905
  • May 26, 2017 3:28pm May 26, 2017 3:28pm
SFP.. swing failure pattern..
Inserted Video
.

Take a look at this, some similar thing's to what your showing steve. I think you will like. however 25 pips a shot on GJ, I would recommend more. GJ has a varying (Adr) range of 120 to 200 pips per day.
It's in fear when people show what they truly value.
  • #1,906
  • May 26, 2017 3:31pm May 26, 2017 3:31pm
Quoting ensale
{quote} Ah, your saying the buy setup, is not predictable or valid. and that you would not be buying whatsoever. Just selling in the downtrend. Do I have the jist of what your saying? Transition from buying to selling.. I see that with my guppy charts on M5.

Hi Ensale,

I would only be looking to Buy after the two Transition Candles from Bearish to Bullish, I marked on the H1 chart above.

After the two Transition Candles I'd wait for a PullBack and PA at the tops of the previous Bearish Candles, the Red Line on the chart.
  • #1,907
  • May 26, 2017 3:35pm May 26, 2017 3:35pm
Quoting stevepatt
{quote} Hi Atheer, At the end of the day it comes down to personality and risk tolerance. What I do suits me, I built it to match my tolerance for risk and my personality. I'm sure you have done the same thing; once we get to a certain level of competence with our Trading we all have to start building what works for us as individuals. Some people will look at what I'm doing and totally get it whilst others will think I'm mad for not allowing my Trades to run etc.
Yes Steve totally understand your trading logic..........I agree that every trader is different..............and yes you get the key of consistent wining i.e trading the way that fits your personality and risk tolerance
atheer1
  • #1,908
  • May 26, 2017 3:49pm May 26, 2017 3:49pm
Quoting atheer1
{quote} Yes Steve totally understand your trading logic..........I agree that every trader is different..............and yes you get the key of consistent wining i.e trading the way that fits your personality and risk tolerance
I agree we are all different. and looking at different trader's we can squeeze some knowledge and exp.

some trader's who I know were trading asia/london and caught this beauty all the way down, selling on pullback's. catching most of the move.. when a pair run's, and they catch an entry, they make the most of it.

for me, I if i get a good setup, I target between 30/50 pips on pair's like GJ/GC.. I don't always get it, also fear,greed emotion can effect us all, and if there is an obvious s/r is not breaking, I am running off and taking the pips.
It's in fear when people show what they truly value.
  • #1,909
  • Edited 2:30am May 27, 2017 2:10am | Edited 2:30am
Quoting stevepatt
{quote} Hi Ensale, This is easy in hindsight but not so easy in a live Market, see chart below. Unless you are on the inside you won't be able to predict Market moves like todays. I like to Trade Short Term Momentum at Structure Points and have Short term target objectives. The longer the TF you Trade from the more chance you have of being manipulated out of that position by Smart Money Building their Positions. I don't even try to predict what Smart Money are up to these days I just Trade Short Term Price Momentum. I didn't even get a chance to...
Hi Stevepatt,

Thanks for the your comments, and very helpful
You said: As soon as "they" have consumed all the Buyers the Market has to drop until it finds the next level of waiting Buy Orders the Sells can then Off Load their Shorts"

I understand during the accumulation "they" make shorts orders from Market Marker, and the 'Buyers' will support the price, when "they find the next level of waiting Buy Orders", price tends to go up, so "they" have to make some fake down trends, then other "Sellers" will take over "their Off Load". In others words, "they" need to find new sellers at next level, just after a big down trend, it won't be a easy work finding new sellers, so the work is half-done, am I right?

Thanks,

LTZ
Be a spectator, not a player
  • #1,910
  • May 27, 2017 2:32am May 27, 2017 2:32am
Quoting wiserltz
{quote} Hi Stevepatt, Thanks for the your comments, and very helpful You said: As soon as "they" have consumed all the Buyers the Market has to drop until it finds the next level of waiting Buy Orders the Sells can then Off Load their Shorts" I understand during the accumulation "they" make shorts orders from Market Marker, and the 'Buyers' will support the price, when "they find the next level of waiting Buy Orders", price tends to go up, so "they" have to make some fake down trend, then other "Sellers" will take over their Off Load, am I right?...

Hi Wiserltz,

I wouldn't get too caught up with trying to predict what Smart Money are doing.

I've tried it in the past and I was too busy anticipating Smart Money moves rather than concentrating on what PRICE was doing RIGHT NOW.

Smart Money will push Price to where they need it too be in order to off load their Positions and build new ones.

That's as much as I need to know.

I'm going to be away for a week so I won't be posting until the following week.
  • #1,911
  • May 27, 2017 6:34am May 27, 2017 6:34am
Quoting stevepatt
{quote} Hi Ensale, The first chart you posted take a look at it on a H1 TF... You see this most times Price Transition from one side to the other. {image}
I use guppies for transitions not hourly. see below chart's

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-27_11h19_25.png Size: 129 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-27_11h32_07.png Size: 67 KB



...

Finally check out Daryl guppy if you would like to understand them.
Inserted Video


Informative PDF:
Attached File(s)
File Type: pdf guppy_movingaverage (1).pdf   130 KB | 548 downloads


..
i Think your way of doing it is fine too. although once you understand the guppies you will know weather it is valid setup to trade from zone to zone with them.. Also I didn't say I predicted the down move yesterday (perfectly, I expected the move down to the lower zone), just trading what I see makes a lot of pips when the market moves well.



"Market maker's love the money that's on the floor and on the ceiling, easy money"
It's in fear when people show what they truly value.
  • #1,912
  • May 27, 2017 7:45am May 27, 2017 7:45am
Quoting ensale
{quote} I use guppies for transitions not hourly. see below chart's {image} {image} ... Finally check out Daryl guppy if you would like to understand them. https://www.youtube.com/watch?v=QInB6iExaxw&t=2200s Informative PDF:{image} .. i Think your way of doing it is fine too. although once you understand the guppies you will know weather it is valid setup to trade from zone to zone with them.. Also I didn't say I predicted the down move yesterday (perfectly, I expected the move down to the lower zone), just trading what I see makes a...
Hi Ensale, I used guppies in the past however since candle patterns are important to me I find that so many MA's block the view so I wonder why taking the lowest and highest MA of the guppies isn't a better option? Instead of all of them together.

Cheers
  • #1,913
  • Edited 8:30am May 27, 2017 8:16am | Edited 8:30am
Quoting JvD3
{quote} Hi Ensale, I used guppies in the past however since candle patterns are important to me I find that so many MA's block the view so I wonder why taking the lowest and highest MA of the guppies isn't a better option? Instead of all of them together. Cheers
It comes down to preference, for me they don't cause much issue and there are elements which show me expansion, contraction which i like to see, (visuals).

For me the important one's are the 3,15,30,55 Ema.

Some of these concepts I learned from here (pdf below), some trader's choose to remove the short term guppies since they are not as strongly respected by price as the long term guppies.
Attached File(s)
File Type: pdf DOTS_Guppy_QuickStart (4).pdf   1.4 MB | 951 downloads



Thanks JDV3


What are the guppies, short term, long term?
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-27_14h04_10.png Size: 104 KB


Guppies help identify breakout's easier then normal price chart, I traded breakout's before guppies and they (guppies) helped improved breakout trading x2. They also help you join trend , find good entries and finally you will find yourself trading sloppy market periods less.
It's in fear when people show what they truly value.
  • #1,914
  • May 27, 2017 8:39am May 27, 2017 8:39am
Quoting ensale
{quote} It comes down to preference, for me they don't cause much issue and there are elements which show me expansion, contraction which i like to see, (visuals). For me the important one's are the 3,15,30,55 Ema. Some of these concepts I learned from here (pdf below), some trader's choose to remove the short term guppies since they are not as strongly respected by price as the long term guppies.{image} Thanks JDV3 What are the guppies, short term, long term? {image} Guppies help identify breakout's easier then normal price chart, I traded breakout's...
Alright I see your point of view, visual confirmation can indeed be a good thing
  • #1,915
  • May 27, 2017 8:49am May 27, 2017 8:49am
Quoting JvD3
{quote} Alright I see your point of view, visual confirmation can indeed be a good thing
Thanks man,I am visual..

enjoy the long weekend.
It's in fear when people show what they truly value.
  • #1,916
  • May 27, 2017 8:54am May 27, 2017 8:54am
Quoting ensale
{quote} Thanks man,I am visual.. enjoy the long weekend.
Enjoy
  • #1,917
  • May 27, 2017 9:11am May 27, 2017 9:11am
I enjoy watching these trading doc's from time to time, they are insightful and interesting.

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It's in fear when people show what they truly value.
  • #1,918
  • May 27, 2017 9:24am May 27, 2017 9:24am
Quoting ensale
I enjoy watching these trading doc's from time to time, they are insightful and interesting. https://www.youtube.com/watch?v=mNmbjQhTHnE&t=27s .. https://www.youtube.com/watch?v=MebaDb6HXyU . https://www.youtube.com/watch?v=kFQJNeQDDHA
I once came across this small documentary about an asian trader who made lots of money but yet lived an extremely cheap lifestyle, but I can't seem to find it anymore, any idea? Cheers
  • #1,919
  • Edited 5:15pm May 27, 2017 9:30am | Edited 5:15pm
Quoting JvD3
{quote} I once came across this small documentary about an asian trader who made lots of money but yet lived an extremely cheap lifestyle, but I can't seem to find it anymore, any idea? Cheers
Do you remember his name? If not, difficult, will think.

FYI: Another one I really like is the big short, That's a good one.

Many people know and respect paul tudor jones, this rare doc from when he was young is also difficult to find : here is the link, password is "view"find, https://vimeo.com/13411334

Trading legend: Paul Jones.
It's in fear when people show what they truly value.
  • #1,920
  • May 27, 2017 9:49am May 27, 2017 9:49am
amazing documentaries. thanks for sharing

will keep me busy during these days
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