Cable&Fiber: Intraday Setups

[the golden gun]

When you are going to comprehend that working on additional skills , other than yapping stupid shit without backing it up and being retarded, can be beneficial. Then who knows? You might get somewhere..

-P

Piper, you yourself could work on the skill of ignoring yappy forum retailers... no? )

 

[sqa]

Order Blocks aren't that hard:

- The creation produce KSRs.
- Any OTE entry has a corresponding set of Order Blocks to the Left.
- If you know how to expect an OTE, you know where to look for Order Blocks.
- It lets you make your entries a lot smaller.
- Order Blocks are really good Take Profit levels.
- Order Blocks hold when there is either Liquidity to eat up or Orders to pend in the other direction.
- Order Blocks Stack, look further Left.

 

[the golden gun]

Order Blocks aren't that hard:

- The creation produce KSRs.
- Any OTE entry has a corresponding set of Order Blocks to the Left.
- If you know how to expect an OTE, you know where to look for Order Blocks.
- It lets you make your entries a lot smaller.
- Order Blocks are really good Take Profit levels.
- Order Blocks hold when there is either Liquidity to eat up or Orders to pend in the other direction.
- Order Blocks Stack, look further Left.

yes, that's a good summary of the order block concept. It is a new tool, and really a new way of seeing the market, so I'm still learning. I frustrated myself by expecting too much from the tool. The most powerful tools take the longest to master.

you seem to be pretty confident with the concept. does your confidence translate into trading a large account by any chance?

 

[AnDDe]

I too am not having the best luck with Orderblocks as some of them fail but made the entry look like its a high probability one.

 

[Piper]

Piper, you yourself could work on the skill of ignoring yappy forum retailers... no? )

Let me have my fun!!!

-P

 

[Piper]

I too am not having the best luck with Orderblocks as some of them fail but made the entry look like its a high probability one.

Everything fails sometimes... All you need is for it to work more often then not...

-P

 

[sqa]

yes, that's a good summary of the order block concept. It is a new tool, and really a new way of seeing the market, so I'm still learning. I frustrated myself by expecting too much from the tool. The most powerful tools take the longest to master.

you seem to be pretty confident with the concept. does your confidence translate into trading a large account by any chance?

http://fxgears.com/forum/index.php/topic,469.0.html

Feel free to read & give feedback. (Constructive only. )

The tool is strong enough that my entries are having a running problem of being too precise. Which is a separate issue from working out my Take Profit/exit systems. Which I've almost got fully together.

 

[Kuzia]

the skill of ignoring yappy forum retailers... no? )

Coming from a guy who publicly stated about losing hundreds of thousands of $ yeah that amount probably makes u smart money

 

[rod178]

yes, that's a good summary of the order block concept. It is a new tool, and really a new way of seeing the market, so I'm still learning. I frustrated myself by expecting too much from the tool. The most powerful tools take the longest to master.

you seem to be pretty confident with the concept. does your confidence translate into trading a large account by any chance?

I'm certain that Piper would also be willing to provide you with a few needed trading tips

 

[the golden gun]

Coming from a guy who publicly stated about losing hundreds of thousands of $ yeah that amount probably makes u smart money

I know you're either demo or trading a pocket change account. I had some losses while I was learning, and it was worth it in the end cause now I have the guts to take 4-digit losses per trade, because that's what it takes.

Retailers like you think of losing $2000 in a trade and nearly puke their guts out.

 

[the golden gun]

http://fxgears.com/forum/index.php/topic,469.0.html

Feel free to read & give feedback. (Constructive only. )

The tool is strong enough that my entries are having a running problem of being too precise. Which is a separate issue from working out my Take Profit/exit systems. Which I've almost got fully together.

It's strange that you have such confidence in your knowledge of applying the order block concept, yet choose to trade such a small account. Not to brag, but generally I'm trading your entire account per pip. Minimum.

Ask yourself why that is. Unless you're waiting on an inheritance or something, I'm not sure what's stopping you from getting your hands dirty and opening a 10K account. That would be a good start anyway.

 

[sqa]

It's strange that you have such confidence in your knowledge of applying the order block concept, yet choose to trade such a small account. Not to brag, but generally I'm trading your entire account per pip. Minimum.

Ask yourself why that is. Unless you're waiting on an inheritance or something, I'm not sure what's stopping you from getting your hands dirty and opening a 10K account. That would be a good start anyway.

I could be really needling and go with "well, because I'm smarter than you!". And, unless you have a couple of advanced degrees hanging around, that'd would be true in the technical sense. (Classically-trained Mathematician here) But the reason should have been pretty straight forward in the first post: "The psychology and the practice of real environment takes precedence over the Monetary amount, for this stage."

I have no desire to lose large amounts of money because I'm rushing to a point I'm not ready to handle. The point to settle into the type of Trader I am; handle the basic psychology aspects and, when ready, then move to progressively larger accounts.

I'm very certain you trade several times the size of my account, per pip. ;D It was either a 15k or 150k day you posted some months back. Obviously, not understanding Order Blocks doesn't effect your trading much. I was, however, responding to a classic complaint with them I've already seen a number of times. Though, frankly, you *do* understand them, just implicitly. If you're using EMA + Market Structure, Order Blocks are at all Market Structure points.

For any American-based traders, Happy Thanksgiving! For any non-US based traders, enjoy killing the American Funds that are on Holiday!

 

[the golden gun]

I have no desire to lose large amounts of money because I'm rushing to a point I'm not ready to handle. The point to settle into the type of Trader I am; handle the basic psychology aspects and, when ready, then move to progressively larger accounts.

I guess my point is that you clearly know what you're doing, at least the theory of it, so there's no reason to be "screwing around" with $100 accounts.

If you think you're going to learn anything about psychology on a $100, you're mistaken. As soon as you kick the balance up to something income-generating, say $25,000 then you'll very quickly realize that your so-called "psych" training means nothing.

It's like lifting weights. If you were in a weight-lifting competition, you wouldn't train for that competition by lifting the smallest possible weight. You have to push your limits, and keep pushing them, because that is the only way you're going to "break through" and become comfortable losing large $ sums (but low % of balance).

Wanna hear the story of how ICT took $2600 and turned it into $7 Million in a few years? At what point in his career was he training with $100 accounts? lol >

 

[the golden gun]

I guess what confuses me is how do you know what you can handle, if you don't try higher amounts?

I mean... did you try $200 and felt uncomfortable with that amount, or what?

 

[rod178]

I could be really needling and go with "well, because I'm smarter than you!".

Suspect so, although I've retrospectively discovered the proof that X^int(n)+Y^int(n) <>X^int(n); when int(n)>2

Using that same retrospective talent I often trade 10K per pip with a 100% win rate.

 

[sqa]

I guess what confuses me is how do you know what you can handle, if you don't try higher amounts?

I mean... did you try $200 and felt uncomfortable with that amount, or what?

Well, for the original broker I had planned to use, I was going to open with $500 USD. I got the run-around with them, which is why I ended up at Oanda. And, since I'm apparently the only person besides the lawyers to actually reads all of the risk-disclosure documents, I'll be frank: I really didn't want them to have more than $100 of my money at the start.

As for what I can handle? We'll see as I scale up. I'm doing this in methodical stages. The point, right now, is working out the kinks that exist between my Entry Analysis and the Final Result of the Trades. Along with my physical state & sleep schedule. I'm intentionally layering in everything but the larger Money supply. Stage 2 for the Yen will have a larger account & full risk-scaling. As I progress over the next 6 months, I'll increase the amount of Money in the Brokerage account.

My execution issues haven't been about the amount of real money at risk, it just gives it a little bit of pinch, when you screw up. Once I can file those down, then it'll start being a lot larger. I've relearned to walk, several times; I can be make myself quite patient, so I don't make unprofitable mistakes. "Slow and steady wins the race". That's pretty much the setup. I have a lot more to get completely cemented before I toss up adjusting for the excess stress of larger positions. (At every step, I plan to get to the "it's just a %" stage. Some account size steps will take more adjustment)

But, if anyone wants makes a sizable donation to the "Sqa's Change the World" trading fund, I won't mind! Nor would I increase the Lot size any faster before March than I plan to. ;D

 

[the golden gun]

Well, for the original broker I had planned to use, I was going to open with $500 USD. I got the run-around with them, which is why I ended up at Oanda. And, since I'm apparently the only person besides the lawyers to actually reads all of the risk-disclosure documents, I'll be frank: I really didn't want them to have more than $100 of my money at the start.

As for what I can handle? We'll see as I scale up. I'm doing this in methodical stages. The point, right now, is working out the kinks that exist between my Entry Analysis and the Final Result of the Trades. Along with my physical state & sleep schedule. I'm intentionally layering in everything but the larger Money supply. Stage 2 for the Yen will have a larger account & full risk-scaling. As I progress over the next 6 months, I'll increase the amount of Money in the Brokerage account.

My execution issues haven't been about the amount of real money at risk, it just gives it a little bit of pinch, when you screw up. Once I can file those down, then it'll start being a lot larger. I've relearned to walk, several times; I can be make myself quite patient, so I don't make unprofitable mistakes. "Slow and steady wins the race". That's pretty much the setup. I have a lot more to get completely cemented before I toss up adjusting for the excess stress of larger positions. (At every step, I plan to get to the "it's just a %" stage. Some account size steps will take more adjustment)

But, if anyone wants makes a sizable donation to the "Sqa's Change the World" trading fund, I won't mind! Nor would I increase the Lot size any faster before March than I plan to. ;D

ok, the methodical stages do make sense. But what is the final stage? $5,000? $10,000?

PS
just don't make your career being a "forums expert". you know, the people that know it all but never really have the guts to trade an amount that could replace a full-time job.

 

[the golden gun]

Fiber MMS

MMS = market maker sell

targeting stops below 2400

daily confirms short bias

 

[SLT]

No usdx confirmation here, fiber tanks

 

[the golden gun]

wouldn't it be convenient if the Euro CPI had a bad print? >