Patterns Observation.

[Don_xyZ]

How long have you been trading? How do you even set a 2 pip stop? So 30R yesterday and 70R today. So im guessing you doubled or tripled your account

I worked at a brokerage company back in 2003. My cousin who worked at the company's dealing desk introduced me to this whole thing. Quit in 2004 and have been trading on and off since then.

Doubled my account? No.

Google "PARLAY" or just Youtube it. With it, you can use a ridiculously small risk and gain gigantic amount in no time. Or if you're aggressive like me you can make something that will make people curse you for the rest of their life.

I use a version of it. Then again, I think MO's concept of space is a version of parlay.

But let's just focus on the process of getting the right trade because, without it, even the most sophisticated money management technique is practically useless.

Nice man. Love the ideas. The issue i have always had with using OPM (other peoples money)/parlay, whatever you want to call it, is i will win a trade then lose the next 3 or 4 trades, lose all the profit i made and then some. This type of MM seems to work best with high win rates or am i not seeing something.

Not really. High win rate, low R. High R, low win rate. This is the trade off and you must find out where you belong and then gear the profit management accordingly. High win rate means you don’t have to divide your R too much to be used for profit management. High R means you have to divide your R more so you won’t run out of it for the next profit management trades. Find out in which specrum you are and then do some experiments to know you should ration your R. However, if your win rate is low and your R is also low then there is something wrong with the way you trade or the strategy itself. S/D is a valid strategy though, somit must be how you use it. Missing a trading opportunity or two is fine as long as you have enough opportunities during the remaining time. If you try intraday but only have a couple of opportunities a day then your tf might be too big, go lower. Or you can also expand your horizon by using bigger tf like H4 and you have the whole week to find good setup. Another way is use your original time frame but go across several pairs to find trade opportunities. Or you can do any combo from them. There is always a solution for you courtesy of the markets

[Don_xyZ]

Closing my CL cfd trade before bed. 500++ pips drop. S/D entry.
Gonna hit the sack, guys. Catch you tomorrow.

[Mr. Hyde]

Closing my CL cfd trade before bed. 500++ pips drop. S/D entry.
Gonna hit the sack, guys. Catch you tomorrow.

Gotta ask. how many R

[Don_xyZ]

Closing my CL cfd trade before bed. 500++ pips drop. S/D entry.
Gonna hit the sack, guys. Catch you tomorrow.

Gotta ask. how many R

Since I don't trade today anyway, I might as well turn my attention to making these...

CL CFD 5 min. chart

#CLM5.png (72.01 KiB) Viewed 2369 times

CL CFD 1 hour chart

#CLH1 kreslik.png (98.44 KiB) Viewed 2369 times

CL CFD daily tf chart. I gotta re-do this chart 3 times because the usual way of doing it caused the chart to get cropped on the very right side of the chart. Dunno why...

#CLDaily 3.png (58.46 KiB) Viewed 2369 times

So how many R?

Actual profit pip count is 579
SL 15

R = 579 / 15
R = 38.6

However, since this is not forex pair I can't be as aggressive with the lot sizing. Don't wanna sound cocky but I only got 71% gains on this 1 trade. Definitely not one of those monstrous % gains. Just wanna show that things are possible when you grind so hard and persevere even when it's pitch black.

I pointed out the 50% big bear on daily tf on this trade:

post149356#p149356

and this is the time I'm using it but this time I also added a concept of S/D (my style). Learn to read the situation (market context) and then learn to read the people individually (individual candles).

[Mr. Hyde]

Closing my CL cfd trade before bed. 500++ pips drop. S/D entry.
Gonna hit the sack, guys. Catch you tomorrow.

Gotta ask. how many R

Since I don't trade today anyway, I might as well turn my attention to making these...

CL CFD 5 min. chart
#CLM5.png

CL CFD 1 hour chart
#CLH1 kreslik.png

CL CFD daily tf chart. I gotta re-do this chart 3 times because the usual way of doing it caused the chart to get cropped on the very right side of the chart. Dunno why...
#CLDaily 3.png

So how many R?

Actual profit pip count is 579
SL 15

R = 579 / 15
R = 38.6

However, since this is not forex pair I can't be as aggressive with the lot sizing. Don't wanna sound cocky but I only got 71% gains on this 1 trade. Definitely not one of those monstrous % gains. Just wanna show that things are possible when you grind so hard and persevere even when it's pitch black.

I pointed out the 50% big bear on daily tf on this trade:

post149356#p149356

and this is the time I'm using it but this time I also added a concept of S/D (my style). Learn to read the situation (market context) and then learn to read the people individually (individual candles).

Thanks for the mark ups. Super detailed. Haha, just 71% gain. You guys are killing me

[Mr. Hyde]

It’s been a very long time since I last post in here. I can’t believe the account is already 12 years old which is older than my daughter lolz. I really missed the days when dragon33 used to give his gems and MO's riddles too. I have been trading on and off during the past 12 years and maybe that’s why I haven’t progressed as much as I wanted to. I see some old members have become very good at trading (as seen in their posts and threads). Well, I've been learning a lot of things here and there and mostly here and I even took up a beginner coding course because I was frustrated whenever I need something done to help me with trading. With no coding background and an aging brain, learning even beginner-level coding is a bit of a challenge lolz

I am really interested in support and resistance and pattern and thus the name (SUPport and resistance PAttern). I believe the price will move from one zone to another and along the way, it might form a trail in the form of a chart pattern. I believe MO once said that the price is the same in every time frame which led me to believe that trading opportunities are bound to appear no matter what time frame you use. So now, it’s a matter of finding the right balance between the cost of trading and the potential profit. Seconds time frame is too small while a 1 minute time frame is also still very small for me. This led me to use 5 minutes as the base for entry and 1 hour/ 4 hour for analysis and targets. Thus, the name Micro.

This thread will serve as my trading journal and also a place where I can get answers from other more experienced members.

So here’s my first post…

EURUSDM5.png

Trading the pattern is uber easy in a hindsight but when the chart is played out in real-time we’re bound to encounter false breaks and discarded potential patterns as the price move up and down. My first entry was short due to the quick bearish bias I had at that moment which I eventually held and closed for a profit of 19.9 pips. This works out at around 6R + because the stop loss was 3 pips (excluding spread was 0 pips at that time and commission at 0.3 in terms of pips). After that, I had 2 losing buy trades followed by another sell trade which I also held until closed at 16.5 pips / 5R+. And then I had a buy trade because I was expecting a W pattern to form which was then discarded by the chart painter lolz and so I switched to a sell bias after the pattern failed. The failed patterns cost me 2 buy trades. I closed the sell trade with a 10.1 pips profit (3R +). All in all, these come to around 15.5 R totaled, and with 4R lost I gained 11.5 R last Friday.

So what do you think guys? How did you trade EUR/USD on Friday's London session?


PS: I hope the forum will become vibrant once again.

Im not going to lie. When i read your first post i just thought yoiu were another member that had been here for awhile and hadnt gotten profitable yet. Damn i was wrong

[prochargedmopar]

Closing my CL cfd trade before bed. 500++ pips drop. S/D entry.
Gonna hit the sack, guys. Catch you tomorrow.

Gotta ask. how many R

Since I don't trade today anyway, I might as well turn my attention to making these...

CL CFD 5 min. chart
#CLM5.png

CL CFD 1 hour chart
#CLH1 kreslik.png

CL CFD daily tf chart. I gotta re-do this chart 3 times because the usual way of doing it caused the chart to get cropped on the very right side of the chart. Dunno why...
#CLDaily 3.png

So how many R?

Actual profit pip count is 579
SL 15

R = 579 / 15
R = 38.6

However, since this is not forex pair I can't be as aggressive with the lot sizing. Don't wanna sound cocky but I only got 71% gains on this 1 trade. Definitely not one of those monstrous % gains. Just wanna show that things are possible when you grind so hard and persevere even when it's pitch black.

I pointed out the 50% big bear on daily tf on this trade:

post149356#p149356

and this is the time I'm using it but this time I also added a concept of S/D (my style). Learn to read the situation (market context) and then learn to read the people individually (individual candles).

Hell yeah!!!!

[prochargedmopar]

It’s been a very long time since I last post in here. I can’t believe the account is already 12 years old which is older than my daughter lolz. I really missed the days when dragon33 used to give his gems and MO's riddles too. I have been trading on and off during the past 12 years and maybe that’s why I haven’t progressed as much as I wanted to. I see some old members have become very good at trading (as seen in their posts and threads). Well, I've been learning a lot of things here and there and mostly here and I even took up a beginner coding course because I was frustrated whenever I need something done to help me with trading. With no coding background and an aging brain, learning even beginner-level coding is a bit of a challenge lolz

I am really interested in support and resistance and pattern and thus the name (SUPport and resistance PAttern). I believe the price will move from one zone to another and along the way, it might form a trail in the form of a chart pattern. I believe MO once said that the price is the same in every time frame which led me to believe that trading opportunities are bound to appear no matter what time frame you use. So now, it’s a matter of finding the right balance between the cost of trading and the potential profit. Seconds time frame is too small while a 1 minute time frame is also still very small for me. This led me to use 5 minutes as the base for entry and 1 hour/ 4 hour for analysis and targets. Thus, the name Micro.

This thread will serve as my trading journal and also a place where I can get answers from other more experienced members.

So here’s my first post…

EURUSDM5.png

Trading the pattern is uber easy in a hindsight but when the chart is played out in real-time we’re bound to encounter false breaks and discarded potential patterns as the price move up and down. My first entry was short due to the quick bearish bias I had at that moment which I eventually held and closed for a profit of 19.9 pips. This works out at around 6R + because the stop loss was 3 pips (excluding spread was 0 pips at that time and commission at 0.3 in terms of pips). After that, I had 2 losing buy trades followed by another sell trade which I also held until closed at 16.5 pips / 5R+. And then I had a buy trade because I was expecting a W pattern to form which was then discarded by the chart painter lolz and so I switched to a sell bias after the pattern failed. The failed patterns cost me 2 buy trades. I closed the sell trade with a 10.1 pips profit (3R +). All in all, these come to around 15.5 R totaled, and with 4R lost I gained 11.5 R last Friday.

So what do you think guys? How did you trade EUR/USD on Friday's London session?


PS: I hope the forum will become vibrant once again.

Im not going to lie. When i read your first post i just thought yoiu were another member that had been here for awhile and hadnt gotten profitable yet. Damn i was wrong

Dudes in Beast Mode!!

[Don_xyZ]

Almost a week now in hospital. This is the only trade I made and it was closed an hour ago (give or take). Should've made around 80% or so but because I had to sleep I missed the optimum exit. Nobody should trade when they're not in their top shape and this is why I only made 57% on this trade. I'll do the marking later when I'm truly myself again.

When you're this weak, the phone is the only viable option. Trade done using my phone.

This time I used H1 for entry timing and trigger instead of the usual M5.

Screenshot_20220407-075626.png (98.94 KiB) Viewed 2108 times

The backdrop is H4.

Screenshot_20220407-075642.png (103.57 KiB) Viewed 2108 times

Yellow line is Moses' mythical staff LOLZ

Oil, gold, Dow, e/u are still the hot items but oil is like the grand daddy for now.

Take care everyone!

[aliassmith]

Almost a week now in hospital. This is the only trade I made and it was closed an hour ago (give or take). Should've made around 80% or so but because I had to sleep I missed the optimum exit. Nobody should trade when they're not in their top shape and this is why I only made 57% on this trade. I'll do the marking later when I'm truly myself again.

When you're this weak, the phone is the only viable option. Trade done using my phone.

This time I used H1 for entry timing and trigger instead of the usual M5.
Screenshot_20220407-075626.png

The backdrop is H4.
Screenshot_20220407-075642.png

Yellow line is Moses' mythical staff LOLZ

Oil, gold, Dow, e/u are still the hot items but oil is like the grand daddy for now.

Take care everyone!

Wow that trade was horrible. You only got 57% you should be ashamed.