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

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

Postby Mr. Hyde » Mon Apr 09, 2018 11:27 pm

Mr. Hyde wrote:Even tho price has broken out and even retest the triangle, im still not long. I'm not a huge fan of putting trades on of GU during Asian. Add to that we are at a price level that has been showing strong resistance. I also wonder had NFP not been on Friday would we have seen such a strong run up. Maybe if price closes over and retest a line up then I will look for a long. Until then I would much rather sell. Also price had reached and bounced at a daily trendline on Thursday, so if we could get a break and close lower, price would be showing me a change of behavior and I would def be more bearish.


See even tho I was wrong about price going down, I still had a plan for going long that had I been awake for could have followed to a tee. Whether you used the orange S/R ling or the black one marking the daily extreme, price closed over it and gave you a chance to look for a long.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Tue Apr 10, 2018 2:25 am

Well that was the easiest 150+ pips I ever made. Guessing someone important, somewhere said something important unexpectedly. Thanks.

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

Postby LeMercenaire » Tue Apr 10, 2018 8:01 am

Mr. Hyde wrote:This is after the fact, but like what I see. Red box marks the previous daily candle's body. Then you had a supply zone on the 1hr in the DWZ and if you dropped down to the 15m you still had another zone. I have no experience in either of these idea's, but was curious and just looking at it at the moment. Feel free to comment.

eurjpy-h1-fx-choice-limited.png
eurjpy-m15-fx-choice-limited.png

Ta-Da!!!

Nice charts :P

It's like looking in a mirror!

One thing: Supply above - Demand below.

As for the two set-ups. Think about the information you are looking at as one combined methodology. One leads-into-the-other stuff.

First off, you look at the DWZ. Price wants to leave. OK, what direction? Well, we have a Demand Zone below. OK, so that on it's own would give us a long move potential if price dropped into it.

As it turns out, you get exactly what you want, as price drops into the Demand Zone (in the WZ remember) and then moves to leave both, giving you the long entry.

How you actually trigger that long entry can be another layer to your method, by using the last info as a directional bias and then entering using your other preferred method. Or, you can simply enter as price leaves the Demand Zone, or leaves the Wick-Zone (back into the body). Or hey, you could do both and use the second level to add-in to the first.

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

Postby Leoheart » Tue Apr 10, 2018 11:05 am

Mira wrote:
Mr. Hyde wrote:
Mr. Hyde wrote:
This trade was more or less just TRO's red rat trade. I was already looking for shorts and this just gave me a reason to get short. Had I been awake and looking at the 15m chart, there is a loss I would have taken in London (but I had fallen asleep). Then the exit was at 1.5975 which was a few pips in front of the zline. I rather get out a few pips earlier at 0 or a 5 then try to milk it to the exact line and then have price spike up and take away my profit.

Its all part of my trade plan. I approach my trading like a casino owner. I have no idea what trades are going to be winners or losers, but I know that over the long haul I will make money because I have an edge and hard and fast rules in place to make sure I keep that edge,


Don't concentrate so much on the actual trade or trade setup Mira, Im just posting this to show that here is another setup that is part of my trading plan. I have talked about it recently, its the 3 bar reversal.

I'm just pointing out that you should have written down what and how your going to trade. And you can use if then's or different rules for different versions of the setup, but the basic idea is to know what your going to do before price even does it. Just react don't think. Once you can do this and make a profit then take it to the next step and be more fluid with your trades if you want and can (I still can't).

eurjpy-d1-fx-choice-limited.png

Look at my post from last night talking about the triangle on GJ. I posted it before it broke out cuz I knew I was going to trade it win, loss or BE cuz it was part of my trade plan. I think triangles have about a 60-70% win rate. But when I trade them they almost always offer a better then 2 to 1 RR so the wins more then make up for the losses.


If i’m understanding right it’s obvious why I’m failing to stay in profit: I'm a REAL BAD planner in my life.
I’m not talking about trading, i have many ideas but I can’t organise them.. and I don’t want to say a word about my lack in focus #-o

What I’m going to do now is trying to clear my mind and start again from the beginning, with a trading plan and an updated journal.
I want to see how many losses come from the mistakes that I make (based on the trading plan) and how many from the market.

Thank you Mr. Hyde!


Day1, there is no other day like it. New beginning new outlook new opporunities. We know what our problem is. Too many ideas equals absolutely 0% focus and leads back to Day1 everyday. Stick To One Sound Plan One Method, Period. We know our fears. Fulltime job, fear of missing out. So we start desperately applying different approaches to make a trade work, which leads back to Day1 everyday. Day1, there is no other day like it.

Mira, I honestly believe in you man. Couple of videos to light a fire under your A$$ :lol:

https://www.youtube.com/watch?v=dFVjgRvB9A4
https://www.youtube.com/watch?v=8QlvQC4MXxs

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

Postby Mira » Tue Apr 10, 2018 1:19 pm

Leoheart wrote:
Mira wrote:
Mr. Hyde wrote:
Don't concentrate so much on the actual trade or trade setup Mira, Im just posting this to show that here is another setup that is part of my trading plan. I have talked about it recently, its the 3 bar reversal.

I'm just pointing out that you should have written down what and how your going to trade. And you can use if then's or different rules for different versions of the setup, but the basic idea is to know what your going to do before price even does it. Just react don't think. Once you can do this and make a profit then take it to the next step and be more fluid with your trades if you want and can (I still can't).

eurjpy-d1-fx-choice-limited.png

Look at my post from last night talking about the triangle on GJ. I posted it before it broke out cuz I knew I was going to trade it win, loss or BE cuz it was part of my trade plan. I think triangles have about a 60-70% win rate. But when I trade them they almost always offer a better then 2 to 1 RR so the wins more then make up for the losses.


If i’m understanding right it’s obvious why I’m failing to stay in profit: I'm a REAL BAD planner in my life.
I’m not talking about trading, i have many ideas but I can’t organise them.. and I don’t want to say a word about my lack in focus #-o

What I’m going to do now is trying to clear my mind and start again from the beginning, with a trading plan and an updated journal.
I want to see how many losses come from the mistakes that I make (based on the trading plan) and how many from the market.

Thank you Mr. Hyde!


Day1, there is no other day like it. New beginning new outlook new opporunities. We know what our problem is. Too many ideas equals absolutely 0% focus and leads back to Day1 everyday. Stick To One Sound Plan One Method, Period. We know our fears. Fulltime job, fear of missing out. So we start desperately applying different approaches to make a trade work, which leads back to Day1 everyday. Day1, there is no other day like it.

Mira, I honestly believe in you man. Couple of videos to light a fire under your A$$ :lol:

https://www.youtube.com/watch?v=dFVjgRvB9A4
https://www.youtube.com/watch?v=8QlvQC4MXxs


Thank you Leo and thanks to everybody on this board!
I’m not giving up, to leave is not part of the plan :smt071
__________ THE :smt096 IS A LIE__________

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

Postby PhilipLangford » Wed Apr 11, 2018 11:15 am

What I'm in at the moment. We'll see how it goes.
Image

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

Postby PhilipLangford » Wed Apr 11, 2018 12:04 pm

PhilipLangford wrote:What I'm in at the moment. We'll see how it goes.
Image


Closed the trade manually after the H1 closed with a big bar. 3 pips away from target, but there's some nice looking H4 momo forming now.

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

Postby LeMercenaire » Wed Apr 11, 2018 12:49 pm

PhilipLangford wrote:
PhilipLangford wrote:What I'm in at the moment. We'll see how it goes.
Image


Closed the trade manually after the H1 closed with a big bar. 3 pips away from target, but there's some nice looking H4 momo forming now.

Red Greenback news (and this evening). OIL Inventories later.

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

Postby Mr. Hyde » Tue Apr 24, 2018 7:12 am

PhilipLangford wrote:What I'm in at the moment. We'll see how it goes.
Image


Love the pic. Thanks.

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

Postby Mr. Hyde » Tue Apr 24, 2018 8:57 am

!st entry was off the 1hr and 15m Supply zone. Also could have been a triangle. 2nd entry was a break into the DWZ. Took a profit and thinking about letting it run some more.

euraud-m15-fx-choice-limited.png
euraud-m15-fx-choice-limited.png (32.26 KiB) Viewed 2589 times


Now this is another part of my trading that I have really been examining. And that is taking all my profit quick and dirty on smaller timeframes or still letting a part of the trade run and see if it turns into something I can play on the HTF's. When it works it is a huge pay day, but I wonder about all the loses and lost profit on all the other trades. Those could add up day after day. Hum.

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