Patterns Observation.

[prochargedmopar]

I was late because I had to take care of my old mom. But as it turned out, it was still ok.

Quick Asian session trade. Done for the day.

late entry.png

Do I need to show the $$$ ?

I'm not sure why you're asking that.
I didn't think anyone was required to show money around here.

Only one who ever did was Dragon33 and, oh man. What was that other dude that was killin' it.
I think V8Power did a few times but it wasn't him.
It was a dude in 2008-9.
Man, what was his name? Shoot.
Was it AJayMen?
I think he was flipping accounts. Hmmmm

[Don_xyZ]

I was late because I had to take care of my old mom. But as it turned out, it was still ok.

Quick Asian session trade. Done for the day.

late entry.png

Do I need to show the $$$ ?

Hey,
I know you and Alias went back and forth about SCALPING brokers/commissions/etc.

Quick sum up of who you think would be the best for low commissions/good executions when pulling in between 10-20k a day without giving 40% back to the brokers in slippage, commissions or % take like with a funded broker account??

Trades will be on ES, NQ, and in FX. Possibly GLD/OIL if an offshore broker.
Yes, you are right. I wasn't listening when it was talked about. The charts were moving. hahahaha

Well, obviously I use offshore brokers only. If you don't really need a good trading platform I guess you could try the broker used by Tom Hougaard. Was it Trade365 or something.... just go to his past vid. He actually did a video where he compared them, try find this vid. If you want mt4/5 then you could try any brokers located in Aussie, they usually have offshore versions as well. Any of them is good.

[IgazI]

I just want to comment that I know of traders with million dollar accounts who trade MES:

orders are bracketing the current market price and they are looking to profit on the individual orders instead of trading the average;

when things go south they will average down to escape.

[Don_xyZ]

I just want to comment that I know of traders with million dollar accounts who trade MES:

orders are bracketing the current market price and they are looking to profit on the individual orders instead of trading the average;

when things go south they will average down to escape.

Yes. ES directly is the way to go. If I trade with tens of millions of dollars, I'd go with that as well. Other US stodex are also great. Especially when living during the same business hours.

[Don_xyZ]

TRO MOD Sweetspots Gold on Android MT4.

Anyone?

Screenshot_20230422-213024.png (193.35 KiB) Viewed 641 times

Nah, it's fib. Maybe one day we'll have a more advanced android MT4.

[Don_xyZ]

Why H1 and D1 combo?
Well, technically you have these as candidates.

Screenshot_20230428-204642.png (171.51 KiB) Viewed 577 times

Screenshot_20230428-204729.png (161.86 KiB) Viewed 577 times

Screenshot_20230428-204750.png (153.61 KiB) Viewed 577 times

Screenshot_20230428-210838.png (149.01 KiB) Viewed 577 times

Screenshot_20230428-210948.png (156.61 KiB) Viewed 577 times

But, 1 is strong and it's the goldilocks for day trading (H1). D1 is the natural cycle of life for every human being. H4 is just too big, smaller than H1 is too small.

[IgazI]

Why H1 and D1 combo?
Well, technically you have these as candidates.



But, 1 is strong and it's the goldilocks for day trading (H1). D1 is the natural cycle of life for every human being. H4 is just too big, smaller than H1 is too small.

I agree with everything you said, it's just that you need more data points when you're using just closing prices; if you were to use H1 closing prices then you'd have something more similar to an H4.

But, yeah, when I just have my phone then I'm using H1 candlesticks. . .

I still build smaller charts in my head:

I remember that ETH was trading in the 18's around 94 points, and it is currently in the 18's around 84 points; so I'm constructing a mental map of what I've seen throughout the day in addition to looking at the H1.

[Don_xyZ]

Why H1 and D1 combo?
Well, technically you have these as candidates.



But, 1 is strong and it's the goldilocks for day trading (H1). D1 is the natural cycle of life for every human being. H4 is just too big, smaller than H1 is too small.

I agree with everything you said, it's just that you need more data points when you're using just closing prices; if you were to use H1 closing prices then you'd have something more similar to an H4.

But, yeah, when I just have my phone then I'm using H1 candlesticks. . .

I still build smaller charts in my head:

I remember that ETH was trading in the 18's around 94 points, and it is currently in the 18's around 84 points; so I'm constructing a mental map of what I've seen throughout the day in addition to looking at the H1.

Yes. More data points I use.

Screenshot_20230429-105054.png (172.49 KiB) Viewed 519 times

Screenshot_20230429-105007.png (170.51 KiB) Viewed 519 times

Screenshot_20230429-104410.png (168.34 KiB) Viewed 519 times

Charting ones. H1, D1, W1, MN1. 1 life also Seeing it like this allows you to get crazy returns.

[IgazI]

The old Don is a thing of the past, welcome the new 4000R Don =)

[Don_xyZ]

The old Don is a thing of the past, welcome the new 4000R Don =)