every Saint has a past. Every Sinner has a Future
- #8,602
- Jul 26, 2023 5:17am Jul 26, 2023 5:17am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Still looking around the E/J for research. Just curious now where the 4 hour 50% Fibo reacts to 15 and 5 minute levels. ( Roadmap - 5 minute would have me a short below Previous Low ( Blue horizontal) {image} {image} {image}
GJ rejecting mR1 4 times before falling below DPV and then retest from below, falling through mS1, S1 and now stalling @ mS2 Retest to mS2 60 pips so far
EJ starting below DPV stalled between PDL & mS1 , retestDO then dropping to S1, move 57 pips so far.
It never gets easier, you just get better
- #8,604
- Jul 26, 2023 6:02am Jul 26, 2023 6:02am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} GJ & EJ seem to behave very well around Daily Pivot Levels. Testing Pivot Levels indicator ( has many features, camarilla, fibs etc. just sticking to pivots atm.) {image} GJ rejecting mR1 4 times before falling below DPV and then retest from below, falling through mS1, S1 and now stalling @ mS2 Retest to mS2 60 pips so far EJ starting below DPV stalled between PDL & mS1 , retestDO then dropping to S1, move 57 pips so far.
- #8,605
- Jul 26, 2023 6:03am Jul 26, 2023 6:03am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #8,606
- Jul 26, 2023 6:54am Jul 26, 2023 6:54am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
I like the bigger picture, 1 min charts lose lot of informatiom.
It never gets easier, you just get better
- #8,607
- Jul 26, 2023 8:11am Jul 26, 2023 8:11am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #8,608
- Jul 26, 2023 8:19am Jul 26, 2023 8:19am
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
{quote} I put up oil chart which includes the hour box 7 am to 8am UK time - The 5 minute levels line up with 15 minute levels prev Highs etc. The one minute gets you in and out of trades but I note the higher 5 minute seems to indicate less trades and one direction. Discipline ? Do you use the one minute to trade or a mix? Times are UK {image} {image}
Master your Mind,,,Master the Market
- #8,609
- Jul 26, 2023 8:36am Jul 26, 2023 8:36am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} 15 5 and 1 in that order...I dont always execute off the 1 tho...Sometimes its the 5 or in the past the 2...
every Saint has a past. Every Sinner has a Future
- #8,610
- Edited 6:32pm Jul 26, 2023 9:39am | Edited 6:32pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
Ok some screenshots with notes of my thinking as I managed trade...was in SPX as well after hemming and hawing US30 or SPX....picked the wrong horse LOL
US 30 would have hit tp before I could set it,,,SP out with small win.
Oil i may re enter if a setup occurs on a pull back within the OR 50% or so...we will see but happy with my 40pts on Oil.
Heres the oil charts from my live mt4.
OHH and the reason Im sharing this is to show this same pattern(roughly) and also how I used the "PAY ATTENTION TO THE OPEN"
Prev day NY equity open. As I have posted here before....Prev opens give me bias as to direction...Study them long enough and you will see
Its also one of the reasons that you will see on my charts...I said Hmmm when price stalled on the DOL.I think for 20+mins....and I waited for a
candle to either close above it or below...which then gave me confidence price was moving higher and I could move my stop to BE+ etc
as oil can move like a freight train...Have to be careful with the stops...
Hope the charts help someone see frame by frame of sorts what I am doing thinking...
Cheers Fellas
Blue
And as I sneak a peek at the charts...I see a large bear candle....reason I bailed at the 1030 mark was OR was finished (930-1030) and I see now would have been
stopped out on my 2 bar stop at plus 14 i believe...so now in hindsight Stops and TP played well
Attachment g
Cheers
Blue
US 30 would have hit tp before I could set it,,,SP out with small win.
Oil i may re enter if a setup occurs on a pull back within the OR 50% or so...we will see but happy with my 40pts on Oil.
Heres the oil charts from my live mt4.
OHH and the reason Im sharing this is to show this same pattern(roughly)
and also how I used the "PAY ATTENTION TO THE OPEN"Prev day NY equity open. As I have posted here before....Prev opens give me bias as to direction...Study them long enough and you will see
Its also one of the reasons that you will see on my charts...I said Hmmm when price stalled on the DOL.I think for 20+mins....and I waited for a
candle to either close above it or below...which then gave me confidence price was moving higher and I could move my stop to BE+ etc
as oil can move like a freight train...Have to be careful with the stops...
Hope the charts help someone see frame by frame of sorts what I am doing thinking...
Cheers Fellas
Blue
And as I sneak a peek at the charts...I see a large bear candle....reason I bailed at the 1030 mark was OR was finished (930-1030) and I see now would have been
stopped out on my 2 bar stop at plus 14 i believe...so now in hindsight Stops and TP played well
Attachment g
Cheers
Blue
Master your Mind,,,Master the Market
- #8,611
- Jul 26, 2023 10:00am Jul 26, 2023 10:00am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #8,612
- Edited 11:10am Jul 26, 2023 10:16am | Edited 11:10am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Digitally faked but might be the future:
The Real video, just in case you were fooled :
The Real video, just in case you were fooled :
Inserted Video
It never gets easier, you just get better
- #8,613
- Jul 26, 2023 12:33pm Jul 26, 2023 12:33pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
{quote} Despite FOMC day the sp500 moved leisurely along the channel and around levels marked in pre open. ( I stopped at 4pm UK time.) The dotted line is the 50% Fibo hour box line {image}
- #8,615
- Jul 26, 2023 7:21pm Jul 26, 2023 7:21pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
I had meant to post this chart right after oil inventories at 1030 NY but I guess loaded wrong chart and deleted the one I wanted to include LOL....
Anyways heres the End Of Day chart for Oil....I just wanted to point out how price behaves around the DOL....
Hindsight now we can see the entire day... But its why when I was in the trade (second pic uploaded above post)
Made me go Hmmm....and keep my eyes on the candle formations.
Once price brokethru the DOL I quickly moved stop to +10 Then once that 5m candle closed above the DOL I moved stop to +14 yada yada yada
And the other point was notice how price around 230pm NY couple long wicks into the Prev days US open area.... Somedays the Opens and next days session or even same day sessions with Asia or UK,,they don't intercede one another.... (Pay attention to the Open )
It all comes down to PA around those areas and time of day. Let alone bigger picture like day count PDH PDL etc....
Just some general thoughts on PA around different types of levels
Cheers
Blue
Anyways heres the End Of Day chart for Oil....I just wanted to point out how price behaves around the DOL....
Hindsight now we can see the entire day... But its why when I was in the trade (second pic uploaded above post)
Made me go Hmmm....and keep my eyes on the candle formations.
Once price brokethru the DOL I quickly moved stop to +10 Then once that 5m candle closed above the DOL I moved stop to +14 yada yada yada
And the other point was notice how price around 230pm NY couple long wicks into the Prev days US open area.... Somedays the Opens and next days session or even same day sessions with Asia or UK,,they don't intercede one another.... (Pay attention to the Open
)It all comes down to PA around those areas and time of day. Let alone bigger picture like day count PDH PDL etc....
Just some general thoughts on PA around different types of levels
Cheers
Blue
Master your Mind,,,Master the Market
- #8,616
- Jul 26, 2023 11:08pm Jul 26, 2023 11:08pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
BOOM! The Dow Jones had its 13th consecutive day of gains making it the longest positive streak for the index since 1987. Thats 36 years !
Should be interesting to see if tomorrow breaks the All Time Record!!!!!
And a 650pt grid seems to fit like a glove,,, 2.5 years 1hr tf on the screen,,,,what I do when im twiddling my thumbs in the evening
Should be interesting to see if tomorrow breaks the All Time Record!!!!!
And a 650pt grid seems to fit like a glove,,, 2.5 years 1hr tf on the screen,,,,what I do when im twiddling my thumbs in the evening
Master your Mind,,,Master the Market
- #8,617
- Jul 27, 2023 3:47am Jul 27, 2023 3:47am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
I had meant to post this chart right after oil inventories at 1030 NY but I guess loaded wrong chart and deleted the one I wanted to include LOL.... Anyways heres the End Of Day chart for Oil....I just wanted to point out how price behaves around the DOL.... Hindsight now we can see the entire day... ..........
And, my humorous mind can't help but tag you as the Mustard oil.
Success = Practice + Patience + Persistence
- #8,618
- Jul 27, 2023 4:17am Jul 27, 2023 4:17am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
Psychology is a bitch.
Last week, I bought a PROP challenge for the first time. Now, finding it really hard (psychologically) to treat & trade it the same way as my personal account.
Has anyone gone through the same experience?
Last week, I bought a PROP challenge for the first time. Now, finding it really hard (psychologically) to treat & trade it the same way as my personal account.
Has anyone gone through the same experience?
Success = Practice + Patience + Persistence
Psychology is a bitch. Last week, I bought a PROP challenge for the first time. Now, finding it really hard (psychologically) to treat & trade it the same way as my personal account.
Oh and they keep changing terms and conditions. Somehow I got to keep the worst rules and not get the best rules when they updated.
- #8,620
- Jul 27, 2023 4:56am Jul 27, 2023 4:56am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Yes mate I can relate to your post. The conditions are not realistic( 6% drawdown , 10% target) complete nonsense. I burned the account over a shit tonne of trades thanks to risk cutting just to not blow it up on some solid trades. Mt5 was another problem. Caveat emptor. Oh and they keep changing terms and conditions. Somehow I got to keep the worst rules and not get the best rules when they updated.
Discipline -that is your enemy and fear. Try setting your stop on a small and watching price. Go from there.
it is hard, we have all been there and still have flashbacks when trading now. No one understands you until they go from demo to real
I write of CFD's not Futures.
every Saint has a past. Every Sinner has a Future