The idea's we trade by, so we never lose again. p2. The students become the masters

[Mr. Hyde]

What did you do to train your brain to make big $$ from the markets??

Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.

Please share your findings.

Sounds good. Anything you want me to test or look out for?

[aliassmith]

Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.

Please share your findings.

Sounds good. Anything you want me to test or look out for?

No Im curious to see what you test and your findings. I dont want to influence it.

[Mr. Hyde]

Please share your findings.

Sounds good. Anything you want me to test or look out for?

No Im curious to see what you test and your findings. I dont want to influence it.

Sounds good. Ill test it across 10 markets. ES, Nas, gold, oil, EA, EJ, GJ, GU. Not sure about the other two. Probably 15m time frame. First three hours of Asia, London and US. Have a couple of different entry and sl idea's. I'll do a hard target of 1.5R and then will look at structure and try to get an idea of when to let it run.

[Mr. Hyde]

So the most important thing im gonna look for is how many wins with using 1.5 as a target. From there we will see how far price will travel before getting stopped out. Also gonna look at a 50% retrace on entry with long bars. also will look at using the entry bar as the sl, not previous high/low. Also will look at the nearest pivot and how many times does it break it. Also I want to look at the 1hr timeframe and only if the trend or range is crystal clear that I blind person can see it how that effects the trade. Also want to look at entering on the close or break. What about a bar that breaks the sma, do we trade that or the bar that is vlearly past the ma. Also want to see break and retest setups. Probably will do 200 or more trades, since ill be looking at 10 markets

[aliassmith]

So the most important thing im gonna look for is how many wins with using 1.5 as a target. From there we will see how far price will travel before getting stopped out. Also gonna look at a 50% retrace on entry with long bars. also will look at using the entry bar as the sl, not previous high/low. Also will look at the nearest pivot and how many times does it break it. Also I want to look at the 1hr timeframe and only if the trend or range is crystal clear that I blind person can see it how that effects the trade. Also want to look at entering on the close or break. What about a bar that breaks the sma, do we trade that or the bar that is vlearly past the ma. Also want to see break and retest setups. Probably will do 200 or more trades, since ill be looking at 10 markets

Sounds reasonable. I'm sure you'll have fun.

[prochargedmopar]

Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and discipline to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.

Pro, if I could make you a profitable trader I think that would be my greatest trading accomplishment ever. Pick 2-4 trading setups whether chart patterns or candle sticks or whateve. Then make rules for trading them. hard rules. Look at only 1hr. Trade acroos 6-10 pairs. I bet you would be profitable, assuming your setups have an edge.

H1 chart is too big.
I need conformation of success or fail quickly.
I can ONLY trade from 6-9ish am CST (self restriction as I'm now Retired)
2 setups, Zlines n Momo
1 pair
maybe two but TRO says 1 method/1 pair

###7.JPG (84.99 KiB) Viewed 1821 times

Thoughts??

[aliassmith]

Pro, if I could make you a profitable trader I think that would be my greatest trading accomplishment ever. Pick 2-4 trading setups whether chart patterns or candle sticks or whateve. Then make rules for trading them. hard rules. Look at only 1hr. Trade acroos 6-10 pairs. I bet you would be profitable, assuming your setups have an edge.

H1 chart is too big.
I need conformation of success or fail quickly.
I can ONLY trade from 6-9ish am CST (self restriction as I'm now Retired)
2 setups, Zlines n Momo
1 pair
maybe two but TRO says 1 method/1 pair

###7.JPG

Thoughts??

You can trade the eurusd for 3 hours in the morning.
The 5 minute chart will give several opportunities through the week.
Try 1 to 2 trades a day.
Have patience if there are no setups dont trade.
Set trading rules for entries and exits as hyde mentioned.

[prochargedmopar]

H1 chart is too big.
I need conformation of success or fail quickly.
I can ONLY trade from 6-9ish am CST (self restriction as I'm now Retired)
2 setups, Zlines n Momo
1 pair
maybe two but TRO says 1 method/1 pair

###7.JPG

Thoughts??

You can trade the eurusd for 3 hours in the morning.
The 5 minute chart will give several opportunities through the week.
Try 1 to 2 trades a day.
Have patience if there are no setups dont trade.
Set trading rules for entries and exits as hyde mentioned.

Well now,
Lets see how tomorrow goes.

###8.JPG (94.03 KiB) Viewed 1795 times

[pablo101]

For years, I struggled with being consistent. Then I discovered that having candlesticks on my charts were the problem!

Looking back, candlesticks for me where too mechanical in my analysis and I always wondered why MO always persuaded us to stop being so robotic in our approach to the charts, current highs, lows, opens, close, mid etc ...; previous highs, lows, opens, close etc ...; 5 candles back current highs, lows, opens, close, mid etc.... I just wanted to buy at a good price and sell at a good price but it was second guessing myself 50% of the time at entry because of candlesticks information overload. Drove me nuts.

Now my analysis is just no candles on my charts apart from when I enter, 2smas, trendlines and 123s. Everything is 123s. And it happens in every timeframe.

[aliassmith]

H1 chart is too big.
I need conformation of success or fail quickly.
I can ONLY trade from 6-9ish am CST (self restriction as I'm now Retired)
2 setups, Zlines n Momo
1 pair
maybe two but TRO says 1 method/1 pair

###7.JPG

Thoughts??

You can trade the eurusd for 3 hours in the morning.
The 5 minute chart will give several opportunities through the week.
Try 1 to 2 trades a day.
Have patience if there are no setups dont trade.
Set trading rules for entries and exits as hyde mentioned.

Well now,
Lets see how tomorrow goes.

###8.JPG

A little later when Frankfurt opens.
The brown box was showing the high and low from the Asian session.
Looks like the double top was a liquidity area for the big boys to short.

Edit; and short they did it went down about 100 pips