Leoheart wrote:LeMercenaire wrote:Leoheart wrote:
If I had 3 thumbs, I would give them up here. As always, You are the 'man'. Lem, I have been thinking but too shy to ask I would love to learn how you tackled the higher TFs trades as a prop trader. Maybe start thread on that stuff for us humble folks?
Edit: In Red: What am I not seeing? Its a up trending Channel?
Another Edit: Look to the left of what exactly, what is reference point? Is it first red arrow on the left side of the chart.
I have considered a thread of some sort in the past. I don't want to rehash ideas from elsewhere, however. It would have to be something different. Still a trade-a-line approach, 'coz that's my thing now but it needs a new angle of some sort.
Also the problems with me talking about my previous work and by extension the long(er) time-frame trades I run now, is that so much of it made and makes use of prop software that although I still have access to and use, I would not be able to share or show images of.
I don't think it's fair that I am posting up trades without being able to show the full picture behind the entry decisions.
However, if I can think of a way to do so, then I will certainly consider it.
I am also looking at a method that is something new but I will be running it for a while before letting it see the full light of day. I won't be wasting anyone's time on something that ultimately goes nowhere.
In red, forexmentoronline:
Nice read, but I don't know if I agree with this bit:
"The large institutions who operate in the forex market all collaborate together in which direction their planning to take the market and then manipulate the prices so it makes everyone think the market is going to go in the opposite direction to the way in which they are going to be placing their trades."
Its stated in "matter of fact" sort of way. Its like one big (combined) corporation controlling all the flow. You know what I imagine, when I read this. I see a bunch of suits calling each other up:
Corp A -Hey Bob, how are you. How are the wife and kids?
Corp B- Bob: Oh just swell Tom. Little jimmy joined the boy shouts.
Tom: Oh thats really cool man, hey btw are in the mood short Eurtry.
Bob: Yea sure why not. Let me contact Cindy and get her on board.
I believe the author is not considering the competion among these corporation. There maybe some collaboration internal, but not all together. Lol. Everyone simply has to trade the charts and pick up the flow for themselves.
If I am wrong just do a "Hey mcfly anyone home" . I am cool with it.
Yeah, I agree. That's more like the author egging the pudding. I wasn't so interested in that, in fact I don't even remember reading it. I was more referring to the technical aspects of S+D.