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

[Mira]

It depends on what desk you're riding. If you're running weekly or monthly charts, then the kind of moves you're talking about barely register - unless it's something like the Brexit result, Presidential assassination, 9/11, etc but even then...

GBPUSDWeeklymovingintar16thMar18.png

It's like swimming in tar.

GBPUSDMonthlyTravelBackInTime16thMar18.png

What you will get - and yes, it's taking profits at its heart - is that counter trades will be taken and that cash bagged. The overall position isn't touched.

Privateers will be summoned from exotic, far away harbours and set to work, plundering. The guys who actually enjoy taking trades (as opposed to most fund traders and certainly managers, who enjoy taking lunches and letting the markets get on with things on their own).

They will be given free reign to squeeze as much out of any given move as they can. Nobody questions what they are doing. Nobody would dare. So long as they come home with the doubloons. The competition among them is huge but all driven by the desire to boost the bounty and so long as it doesn't jeopardize the firm, that's fine, it's encouraged. Then, once the job is over, calm returns and they sail away, back to the safe havens, taking their percentages with them.

If the movement simply goes in the direction we have been taking, then they are sent away again, back across the water, till the next time.

Are you excited by that? I know I was. It is the best drug ever known to man. Ever! You know what happened to most pirates though, right? Funds need them but they are scared of them at the same time. The same way Governments used privateers to fight their proxy wars and stuff the Treasury, that's how these guys are viewed. A necessary evil.

Out of any given group, four-fifths won't make it to the end in one piece. That's the life. Not one will regret it, nor have it any other way.

So...what you can learn from that, aside from an insight into my psyche and past life, is that what retail traders do is actually to try and mimic the action of the buccaneer. 99.9% will never trade long time-frame. Hell, 99.9% probably don't even know their mt4 has a weekly chart button, never mind a monthly one and wouldn't know what to do with one if it jumped up and slapped them on the face.

The way we enlightened Kreslik traders take advantage of that, is that we do know of their existence and how they influence the m5, m15, m30, H1, H4 charts at any given time. We build whole methods around them, guided by TRO, MO and the other higher beings. We don't fight the markets, we work with them. We mimic the privateers without the level of risk.

That's how you trade the news. Pick a side. The Fund Manager, or The Privateer. Just don't try and do both. You will die.

How'd you think I learned how to scalp the m1, guys?!

Trade well all - time for lunch.

Thank you LeM!

Not an easy post for my poor English, but still a precious lesson.

So the Funds are well positioned before the Privateers start the plundering, and if it will “push” the price in their direction then many thanks to the retails.

Am I grasping it? Hoping that I’m not telling crap

[LeMercenaire]

It depends on what desk you're riding. If you're running weekly or monthly charts, then the kind of moves you're talking about barely register - unless it's something like the Brexit result, Presidential assassination, 9/11, etc but even then...

GBPUSDWeeklymovingintar16thMar18.png

It's like swimming in tar.

GBPUSDMonthlyTravelBackInTime16thMar18.png

What you will get - and yes, it's taking profits at its heart - is that counter trades will be taken and that cash bagged. The overall position isn't touched.

Privateers will be summoned from exotic, far away harbours and set to work, plundering. The guys who actually enjoy taking trades (as opposed to most fund traders and certainly managers, who enjoy taking lunches and letting the markets get on with things on their own).

They will be given free reign to squeeze as much out of any given move as they can. Nobody questions what they are doing. Nobody would dare. So long as they come home with the doubloons. The competition among them is huge but all driven by the desire to boost the bounty and so long as it doesn't jeopardize the firm, that's fine, it's encouraged. Then, once the job is over, calm returns and they sail away, back to the safe havens, taking their percentages with them.

If the movement simply goes in the direction we have been taking, then they are sent away again, back across the water, till the next time.

Are you excited by that? I know I was. It is the best drug ever known to man. Ever! You know what happened to most pirates though, right? Funds need them but they are scared of them at the same time. The same way Governments used privateers to fight their proxy wars and stuff the Treasury, that's how these guys are viewed. A necessary evil.

Out of any given group, four-fifths won't make it to the end in one piece. That's the life. Not one will regret it, nor have it any other way.

So...what you can learn from that, aside from an insight into my psyche and past life, is that what retail traders do is actually to try and mimic the action of the buccaneer. 99.9% will never trade long time-frame. Hell, 99.9% probably don't even know their mt4 has a weekly chart button, never mind a monthly one and wouldn't know what to do with one if it jumped up and slapped them on the face.

The way we enlightened Kreslik traders take advantage of that, is that we do know of their existence and how they influence the m5, m15, m30, H1, H4 charts at any given time. We build whole methods around them, guided by TRO, MO and the other higher beings. We don't fight the markets, we work with them. We mimic the privateers without the level of risk.

That's how you trade the news. Pick a side. The Fund Manager, or The Privateer. Just don't try and do both. You will die.

How'd you think I learned how to scalp the m1, guys?!

Trade well all - time for lunch.

Thank you LeM!

Not an easy post for my poor English, but still a precious lesson.

So the Funds are well positioned before the Privateers start the plundering, and if it will “push” the price in their direction then many thanks to the retails.

Am I grasping it? Hoping that I’m not telling crap

Yes, absolutely. A large fund is looking at full position portfolios to span a year easily. Initial entries are staggered and nowadays triggered by algos in more cases than not (overseen by a real, actual, human, however). The manager will check how his minions are doing once a week maybe and if not, then once a month, which is how often he has to justify his existence to his boss.

That's pretty much standard for most sized firms. As you progress in size, then layers can be built upon layers of personnel. Departments can become more specialised.

[Mira]

It depends on what desk you're riding. If you're running weekly or monthly charts, then the kind of moves you're talking about barely register - unless it's something like the Brexit result, Presidential assassination, 9/11, etc but even then...

GBPUSDWeeklymovingintar16thMar18.png

It's like swimming in tar.

GBPUSDMonthlyTravelBackInTime16thMar18.png

What you will get - and yes, it's taking profits at its heart - is that counter trades will be taken and that cash bagged. The overall position isn't touched.

Privateers will be summoned from exotic, far away harbours and set to work, plundering. The guys who actually enjoy taking trades (as opposed to most fund traders and certainly managers, who enjoy taking lunches and letting the markets get on with things on their own).

They will be given free reign to squeeze as much out of any given move as they can. Nobody questions what they are doing. Nobody would dare. So long as they come home with the doubloons. The competition among them is huge but all driven by the desire to boost the bounty and so long as it doesn't jeopardize the firm, that's fine, it's encouraged. Then, once the job is over, calm returns and they sail away, back to the safe havens, taking their percentages with them.

If the movement simply goes in the direction we have been taking, then they are sent away again, back across the water, till the next time.

Are you excited by that? I know I was. It is the best drug ever known to man. Ever! You know what happened to most pirates though, right? Funds need them but they are scared of them at the same time. The same way Governments used privateers to fight their proxy wars and stuff the Treasury, that's how these guys are viewed. A necessary evil.

Out of any given group, four-fifths won't make it to the end in one piece. That's the life. Not one will regret it, nor have it any other way.

So...what you can learn from that, aside from an insight into my psyche and past life, is that what retail traders do is actually to try and mimic the action of the buccaneer. 99.9% will never trade long time-frame. Hell, 99.9% probably don't even know their mt4 has a weekly chart button, never mind a monthly one and wouldn't know what to do with one if it jumped up and slapped them on the face.

The way we enlightened Kreslik traders take advantage of that, is that we do know of their existence and how they influence the m5, m15, m30, H1, H4 charts at any given time. We build whole methods around them, guided by TRO, MO and the other higher beings. We don't fight the markets, we work with them. We mimic the privateers without the level of risk.

That's how you trade the news. Pick a side. The Fund Manager, or The Privateer. Just don't try and do both. You will die.

How'd you think I learned how to scalp the m1, guys?!

Trade well all - time for lunch.

Thank you LeM!

Not an easy post for my poor English, but still a precious lesson.

So the Funds are well positioned before the Privateers start the plundering, and if it will “push” the price in their direction then many thanks to the retails.

Am I grasping it? Hoping that I’m not telling crap

Yes, absolutely. A large fund is looking at full position portfolios to span a year easily. Initial entries are staggered and nowadays triggered by algos in more cases than not (overseen by a real, actual, human, however). The manager will check how his minions are doing once a week maybe and if not, then once a month, which is how often he has to justify his existence to his boss.

That's pretty much standard for most sized firms. As you progress in size, then layers can be built upon layers of personnel. Departments can become more specialised.

It definitively makes sense! Thank you

[Mira]

Guys, after I thought a lot about a way to trade (since I haven’t so much time during the day) I found that trading only one timeframe is the final solution.

Can I ask you to help me with a doubt that I have?
I found that, after the zone is created, dropping a few timeframes gives you an extra precision for your trade.

But

when trading only one timeframe things become difficult for me.
At the moment I’m waiting for a candle to wick the zone, i place a limit order in the zone for the next candle.. but there are many fails that I’m not understanding.

How do you trade a zone without going down to smaller tf?

Thanks to everybody!

[LeMercenaire]

Guys, after I thought a lot about a way to trade (since I haven’t so much time during the day) I found that trading only one timeframe is the final solution.

Can I ask you to help me with a doubt that I have?
I found that, after the zone is created, dropping a few timeframes gives you an extra precision for your trade.

But

when trading only one timeframe things become difficult for me.
At the moment I’m waiting for a candle to wick the zone, i place a limit order in the zone for the next candle.. but there are many fails that I’m not understanding.

How do you trade a zone without going down to smaller tf?

Thanks to everybody!

A conundrum...

I see your issue and I agree with the lower tf precision, however if you are trading a price level - and I assume you are - does it really matter? As we all know, price is the same on any time frame.

You could do as I do and check for micro-S+D Zones and that would give you more precise potential entry levels without having to wait for the actual lower tf candles to form...though of course you're still having to check the lower tf, albeit for only a moment.

[Leoheart]

Guys, after I thought a lot about a way to trade (since I haven’t so much time during the day) I found that trading only one timeframe is the final solution.

Can I ask you to help me with a doubt that I have?
I found that, after the zone is created, dropping a few timeframes gives you an extra precision for your trade.

But

when trading only one timeframe things become difficult for me.
At the moment I’m waiting for a candle to wick the zone, i place a limit order in the zone for the next candle.. but there are many fails that I’m not understanding.

How do you trade a zone without going down to smaller tf?

Thanks to everybody!

Mira,

Thinking out aloud: forget about precision entries. Drive you bonkers and added pressure with the limited time you have. Risk your lines and let the market do the rest. Can you make a Commitment to the chart for 5 mins after every 4hr close with the time you have?

[Mr. Hyde]

Want to post a link to the crash zone you are using?

II_CrashZone_mod.mq4
II_CrashZone.mq4

Mr. Hyde, Can you please a talk a little more about how you use the crash zones? Do you normally go from extreme to extreme? So if on cash zone2, then trade to cash zone1 and vis-versa. Or do you just look for Pa around these zones exit if you see something? What are the lines based on?

Would you know if this is similar to the 2015 Tro MP crash zones? post78340#p78340

Ill do some research of my mine, but would like to hear your thoughts.

Yea they are the same, mine are just the free one's, I think that's the only real difference. There just like an ATR gauge but for the weekly bar. Plus price will almost never leave the 2nd zone and if it does it means you have momo on the weekly chart. I just use it as confluence to some other price action when looking for an exit. Also if I believe Price is headed down and has moved up mon and tues I know that I still have the whole range down to still move and will look for any reason to take a trade in my direction. Its a move worth a couple hundred pips.

I used it on GJ and EA last week. GJ never reached its down zone and EA end up moving up on me, but before they did it was worth almost 400 pips off the first position. Then there was EJ to. GU sucked and never really did anything. But I was able to make a boatload of pips last week and for the most part my TP was based on the CZ.

[Leoheart]

II_CrashZone_mod.mq4
II_CrashZone.mq4

Mr. Hyde, Can you please a talk a little more about how you use the crash zones? Do you normally go from extreme to extreme? So if on cash zone2, then trade to cash zone1 and vis-versa. Or do you just look for Pa around these zones exit if you see something? What are the lines based on?

Would you know if this is similar to the 2015 Tro MP crash zones? post78340#p78340

Ill do some research of my mine, but would like to hear your thoughts.

Yea they are the same, mine are just the free one's, I think that's the only real difference. There just like an ATR gauge but for the weekly bar. Plus price will almost never leave the 2nd zone and if it does it means you have momo on the weekly chart. I just use it as confluence to some other price action when looking for an exit. Also if I believe Price is headed down and has moved up mon and tues I know that I still have the whole range down to still move and will look for any reason to take a trade in my direction. Its a move worth a couple hundred pips.

I used it on GJ and EA last week. GJ never reached its down zone and EA end up moving up on me, but before they did it was worth almost 400 pips off the first position. Then there was EJ to. GU sucked and never really did anything. But I was able to make a boatload of pips last week and for the most part my TP was based on the CZ.

Sweet, Good deal. Thanks bud.

[Mr. Hyde]

Guys, after I thought a lot about a way to trade (since I haven’t so much time during the day) I found that trading only one timeframe is the final solution.

Can I ask you to help me with a doubt that I have?
I found that, after the zone is created, dropping a few timeframes gives you an extra precision for your trade.

But

when trading only one timeframe things become difficult for me.
At the moment I’m waiting for a candle to wick the zone, i place a limit order in the zone for the next candle.. but there are many fails that I’m not understanding.

How do you trade a zone without going down to smaller tf?

Thanks to everybody!

Here is how I traded EJ last week and it could have been done only looking at the 1hr chart. !st entry is a 123 TTE (shocker I never ever mention trading those) then the next 2 add's are line closed under retest said line and the 4th was a triangle BO. About 500 pips . No precision entry, no HTF telling you something else. Just easy simple trading.

Anyone notice anything yet. 90% of my trades are 123's, chart patterns (rectangles and triangles, no H&S to subjective not simple enough) and S/R.

Look at GJ 1hr. Find the triangle I traded on Monday and the 123 I traded on Tuesday. ITS SO SIMPLE. If you can find them after the fact why cant you find them before the fact. They form the same look, shape or setup time after time. Maybe its because you don't know it they will work out and will take a loss. Just remember know one knows if they will wwork out including me (hence why I post so many trades before they happen and turn out losers). I don't care if I lose, so long as I trade my trade plan which is to take every setup presented to me and let the market decide whether I lose or win. I purpesoly don't post a lot of my winners after the fact, just cuz it really doesn't do anyone any good. But showing my thoughts before a trade happens lets members see the thought process. Im a very systematic trader with a touch of discretion.

Guess what trades I will post next week. 123's, S/R, chart patterns, dragon style 4hr momo, and candlestick patterns. Yea there is the occasional trade that is different and that could be something new Im learning or testing out or it worked in confluence with what Im already doing.

[Mr. Hyde]

It depends on what desk you're riding. If you're running weekly or monthly charts, then the kind of moves you're talking about barely register - unless it's something like the Brexit result, Presidential assassination, 9/11, etc but even then...

GBPUSDWeeklymovingintar16thMar18.png

It's like swimming in tar.

GBPUSDMonthlyTravelBackInTime16thMar18.png

What you will get - and yes, it's taking profits at its heart - is that counter trades will be taken and that cash bagged. The overall position isn't touched.

Privateers will be summoned from exotic, far away harbours and set to work, plundering. The guys who actually enjoy taking trades (as opposed to most fund traders and certainly managers, who enjoy taking lunches and letting the markets get on with things on their own).

They will be given free reign to squeeze as much out of any given move as they can. Nobody questions what they are doing. Nobody would dare. So long as they come home with the doubloons. The competition among them is huge but all driven by the desire to boost the bounty and so long as it doesn't jeopardize the firm, that's fine, it's encouraged. Then, once the job is over, calm returns and they sail away, back to the safe havens, taking their percentages with them.

If the movement simply goes in the direction we have been taking, then they are sent away again, back across the water, till the next time.

Are you excited by that? I know I was. It is the best drug ever known to man. Ever! You know what happened to most pirates though, right? Funds need them but they are scared of them at the same time. The same way Governments used privateers to fight their proxy wars and stuff the Treasury, that's how these guys are viewed. A necessary evil.

Out of any given group, four-fifths won't make it to the end in one piece. That's the life. Not one will regret it, nor have it any other way.

So...what you can learn from that, aside from an insight into my psyche and past life, is that what retail traders do is actually to try and mimic the action of the buccaneer. 99.9% will never trade long time-frame. Hell, 99.9% probably don't even know their mt4 has a weekly chart button, never mind a monthly one and wouldn't know what to do with one if it jumped up and slapped them on the face.

The way we enlightened Kreslik traders take advantage of that, is that we do know of their existence and how they influence the m5, m15, m30, H1, H4 charts at any given time. We build whole methods around them, guided by TRO, MO and the other higher beings. We don't fight the markets, we work with them. We mimic the privateers without the level of risk.

That's how you trade the news. Pick a side. The Fund Manager, or The Privateer. Just don't try and do both. You will die.

How'd you think I learned how to scalp the m1, guys?!

Trade well all - time for lunch.

Thank you LeM!

Not an easy post for my poor English, but still a precious lesson.

So the Funds are well positioned before the Privateers start the plundering, and if it will “push” the price in their direction then many thanks to the retails.

Am I grasping it? Hoping that I’m not telling crap

Yes, absolutely. A large fund is looking at full position portfolios to span a year easily. Initial entries are staggered and nowadays triggered by algos in more cases than not (overseen by a real, actual, human, however). The manager will check how his minions are doing once a week maybe and if not, then once a month, which is how often he has to justify his existence to his boss.

That's pretty much standard for most sized firms. As you progress in size, then layers can be built upon layers of personnel. Departments can become more specialised.

Loving the posts Lem. To say Im fascinated with the professional side of trading is an understatement, so I love hearing about it from someone who has been there and done it.