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@  roopem : (08 July 2020 - 02:16 AM) Does anyone know why the renko builder from MTH2014 doesn't work?
@  kalc : (02 July 2020 - 09:04 AM) trading has made me fat anyway TP ha ha
@  traderpusa : (02 July 2020 - 06:52 AM) @kalc, getting more fat every day under quarantine lol
@  kalc : (02 July 2020 - 04:01 AM) and by the way if that guy trys to sell you stuff dont buy it, he's just ripped off some indi's over at forex-station lol its all freely available
@  kalc : (02 July 2020 - 04:00 AM) lol hey TP hows it going young man
@  traderpusa : (01 July 2020 - 01:53 PM) So is the market lol
@  David : (30 June 2020 - 08:00 AM) yall are savage :D
@  David : (30 June 2020 - 08:00 AM) haha
@  Sambo : (29 June 2020 - 05:04 PM) If there's one thing i've learned, it's that the most profitable traders are the least boastful.
@  happyjas : (27 June 2020 - 09:50 PM) We understand what took place, you won a lot of money and bought a new "BMW M4 cake", you got down on your knees, put your little hands together and sounded like this: "My name is my name, if you ask me again I'll tell you the same, I won a lot of money, and already shove it on my candy back-end, but there's one problem, everyone knows already that I ABSOLUTELY SUCK."
@  happyjas : (26 June 2020 - 05:43 PM) the R8 Audi thing -_-
@  happyjas : (26 June 2020 - 05:42 PM) :unsure: 'Can't afford the BM thing, 'just got the 2018 Audi 2016 :(
@  happyjas : (26 June 2020 - 05:41 PM) :unsure: 'Ca
@  Dyabolus : (26 June 2020 - 03:45 AM) so were u verified by David at last? how about that 'pic'
@  David : (25 June 2020 - 04:48 PM) sure post a pic
@  euro_rapp : (25 June 2020 - 04:17 PM) sorry im bragging again, i sincerly apologize. Just wanted to share with you :(
@  euro_rapp : (25 June 2020 - 04:13 PM) By the way do you wanna see my new BMW M4?
@  euro_rapp : (25 June 2020 - 04:13 PM) where do you read that closure stuff?
@  happyjas : (25 June 2020 - 07:45 AM) thanks anyways MAster David, a million times :)
@  happyjas : (25 June 2020 - 07:41 AM) *closure

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1811 replies to this topic

#21 Wizdom

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Posted 14 March 2016 - 02:55 PM

Hey Wizdom, very nice classic PA trading off S&R zones. Can you explain your entries in a more precise way, when do you wait for retests (1st 2nd ... 4th retest and why), how do you draw your SR lines, do you delete them after they are no longer respected. So any rules for your entry would be appreciated to have a clearer picture. Thanks.

ok, i will, i thought i was been precise, will try better 2moro. i wait for retest when trading breakouts, and candlestick patterns like pinbars etc. for bounce trades which is the one with the 1 & 2 formations i dont wait for retest.

 

as for my lines, i draw mainly from recent highs or lows and then just look a lil bit back the screen to see how solid it is. the stronger the confluence, the better. 

 

the highest amount of lines i leave is max 2 lines, i redraw them .


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#22 Wizdom

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Posted 14 March 2016 - 03:01 PM

we should probably add some new indis to filter out bad trades lolol good work wizdom - keep your trades comin man.

 

the more retest the weaker an s/r line becomes so maybe you can go into that as well (perhaps your only one otm could have been avoided for that reason?). also your not trading any set exp time? just taking reflex touch off s/r line? great thread - looking forward to more input........ 

 

we should probably add some new indis to filter out bad trades lolol good work wizdom - keep your trades comin man.

 

the more retest the weaker an s/r line becomes so maybe you can go into that as well (perhaps your only one otm could have been avoided for that reason?). also your not trading any set exp time? just taking reflex touch off s/r line? great thread - looking forward to more input........ 

 

thanks deejayms, as i have said earlier , avoiding the one and only otm for today doesnt seem like what i think needs to be considered, if i start trying to filter why a single trade loss out of 10 strikes, then it seems i want to have the holy which is not possible. am not bothered about the 1 otm, reminds me this is business.. 

 

and what do you mean by set time expiry? explain so i can understand and thanks for your input on the thread... :)  :)  :)  :)  :)


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#23 varvas

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Posted 14 March 2016 - 03:46 PM

Hi Wizdom, and congratulations for the thread!
We should be careful during the economic news or the time of opening and closing of the markets?
Thanks
 
V.

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#24 deejayms

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Posted 14 March 2016 - 04:25 PM

thanks deejayms, as i have said earlier , avoiding the one and only otm for today doesnt seem like what i think needs to be considered, if i start trying to filter why a single trade loss out of 10 strikes, then it seems i want to have the holy which is not possible. am not bothered about the 1 otm, reminds me this is business.. 

 

and what do you mean by set time expiry? explain so i can understand and thanks for your input on the thread... :)  :)  :)  :)  :)

 

haha yeh i cant see anything wrong with what your doing there :) i was only joking about adding indis....

 

i was asking if you wait for candle close or do you execute the trade on the wick that comes back to your s/r after the alert breaker candle?

 

like these entries? you would be trading on the retrace wick coming back... http://prnt.sc/afb7yi



#25 Wizdom

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Posted 15 March 2016 - 07:43 AM

 

Hi Wizdom, and congratulations for the thread!
We should be careful during the economic news or the time of opening and closing of the markets?
Thanks
 
V.

 

yes, i consider popular news like fomc and nfp...others? not really, i spot a setup, i go with it... as for market open especially london and new york, i just wait for the breakout candle and then start my trading....hope i answered you well?


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#26 Wizdom

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Posted 15 March 2016 - 07:44 AM

haha yeh i cant see anything wrong with what your doing there :) i was only joking about adding indis....

 

i was asking if you wait for candle close or do you execute the trade on the wick that comes back to your s/r after the alert breaker candle?

 

like these entries? you would be trading on the retrace wick coming back... http://prnt.sc/afb7yi

 

for breakouts? yes... exactly, thats how.... i love the color of your candles, mind sharing the properties?



#27 Wizdom

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Posted 15 March 2016 - 07:46 AM

missed london open today as i was busy with some things in the house. :(  :( . only gonna trade into new york, doubt if i would get my 10 trades today :angry:  :angry: .. would be going for 5 trades instead.....now scanning the charts for pure trades :D



#28 deejayms

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Posted 15 March 2016 - 07:57 AM

for breakouts? yes... exactly, thats how.... i love the color of your candles, mind sharing the properties?

 

 http://prnt.sc/afiy2j 

 

good luck today ;)



#29 Wizdom

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Posted 15 March 2016 - 03:59 PM

http://prnt.sc/afiy2j 
 
good luck today ;)


Tanks mate, you luck wishing worked for me.
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#30 Wizdom

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Posted 15 March 2016 - 04:00 PM

Trade 1 ITM

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#31 Wizdom

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Posted 15 March 2016 - 04:11 PM

TRADE 2
ITM

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#32 Wizdom

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Posted 15 March 2016 - 04:13 PM

TRADE 3. ITM

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#33 Wizdom

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Posted 15 March 2016 - 04:16 PM

TRADE 4. ITM

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#34 Wizdom

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Posted 15 March 2016 - 04:18 PM

Total Summary for today

.. 5 ITM 0 OTM .....TAHNSK TO NEW YORK AT LEAST...

TIL TOMORROW AGAIN.,.

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#35 victorckk

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Posted 15 March 2016 - 09:18 PM

 

Total Summary for today

.. 5 ITM 0 OTM .....TAHNSK TO NEW YORK AT LEAST...

TIL TOMORROW AGAIN.,.

 

nice job...hope to learn from you :-) cheers

#36 Wizdom

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Posted 16 March 2016 - 01:05 AM

Thanks Victor.... Its a new day

#37 tootall

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Posted 16 March 2016 - 02:48 AM

TRADE 4. ITM

I see at least two more the same but would have lost, what stopped you taking them?

#38 varvas

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Posted 16 March 2016 - 03:11 AM

I see at least two more the same but would have lost, what stopped you taking them?

 

 

Hi tootall, could you please show the trades that you would have lost!
So we could better understand whether to take a trade or not.
 
V.


#39 tootall

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Posted 16 March 2016 - 03:18 AM

 

Hi tootall, could you please show the trades that you would have lost!
So we could better understand whether to take a trade or not.
 
V.

 

Sure

1a8cfb981660bca9733b55314c1aafe2.png


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#40 varvas

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Posted 16 March 2016 - 04:26 AM

Sure

1a8cfb981660bca9733b55314c1aafe2.png

 

 

I do not know if this is the same pattern exactly.
And perhaps there are too many Candelle between the two circles, perhaps the distance should be minimal in order to be valid the pattern. This is what I believe.
Now only Wizdom can give an answer!
 
V.






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