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bobs qwest to attain consistency


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bobs qwest to attain consistency

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  #871 (permalink)
 Rrrracer 
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Which forex broker are you using?

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  #872 (permalink)
 bobarian 
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Rrrracer View Post
Which forex broker are you using?

forex.com

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  #873 (permalink)
 Grantx 
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sept 7
3 trades today.Getting very specific with my execution/risk criteria.Its been an ongoing process for a long time.I always thought, if my executions are good enough, i hopefully can atleast get the 1st scale ,and lessen the risk.After all, at the end of the day, its about survival.Ive been listening to FT71 videos, and i like the way he is very specific about the steps that traders must address in their journey.Im not a spreadsheet guy, i dont even have a program for it.However, i do understand basic discipline, and not cutting trades short,etc.Currently, if my trade gets all 3scales, it gives me a 1:1 r:r ratio.I know, not great.This is mainly because my 1st target takes 50% off at just 5 pips.(really more tho, because of spreads).The spreads for forex in USA are pretty bad, but atleast i can trade live , and risk small amounts of$.From what ive seen, being live for some $ benefits me more than sim.IMy attention and focus are much better, and i find myself learning faster.In the 7 weeks ive been back, ive been back and forth betweenred and green.Some of the days start red, and ive stuck with it to finish break even, or a bit green.I feel that is progress.I get up at 3 am to trade the european open, and i must say , its not a pleasure!By Friday im pretty toast.But, atleast its quiet, and i can keep plugging away,.The next step, which im waiting for, is to just raise the size.I really want that to happen, and it will take a few weeks of good trading to achieve.

I found this week very quiet, not sure about you? The way market reacted to NFP says a lot in my opinion. I mean the data was good but it moved like thick syrup. What do you make of it bobarian? Whats your sentiment,scenario and plan going forward?

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  #874 (permalink)
 bobarian 
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Grantx View Post
I found this week very quiet, not sure about you? The way market reacted to NFP says a lot in my opinion. I mean the data was good but it moved like thick syrup. What do you make of it bobarian? Whats your sentiment,scenario and plan going forward?

good question Grantx.To be honest, i trade the 30 min,starting at 3am eastern time.On my chart , I have yhlc,and todays hlc.Also, on my vwap, i plot prev days value area.I realize most people wouldnt use vwap on forex.I have compared it to twap (time based avg price) and its so close, i just stay with the vwap.i use it for context, and i wouldnt want to trade without it.Ive looked at your charts, and i love your approach on the HTFs.One day , i want to add that type of trading to my skillset for sure.My style currently is definanetely a daytrading approach.With that said, i mainly focus on technical analysis, and look to trade the edges.Just for me to drop all the quicker charts(3min) was a big change.The 30 eliminates alot of noise.In fact, at hod or lod, if we are in the outer extensions of vwap and i get a reject candle at these extremes, i will look to fade the market, as long as my limit order is reached and my risk is appropriate.Its interesting tho.I never look at the previous days chart.I just try to focus on whats happening in the moment.Ive thought about this, and it has occurred to me that it might benefit me to look at previos day.So, to keep it simple , I have previous day h/l/c and thats it.I have difficulty when i have to much on my chart.Even now, im still simplifying.
Bob

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  #875 (permalink)
 bobarian 
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sept 10 monday
3 trades.All shorts off of hod with sell candles
1)eurusd.Stopped
2)scatched at b/e after buy candle
3)1st scale off, scratched rest at b/e
There were 2 other shorts, so 4 were firing off at the same time.I didnt take these.eurjpy worked well, im a bit leary of this pair...as ive been ticked on numerous occasions.

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  #876 (permalink)
 bobarian 
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shorted the highs of this beast

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  #877 (permalink)
 bobarian 
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sept 10
finally got a decent trade off on AUDUSD for 3 scales.Alot going on here, im looking to add more context than just developing value and prev h/l/c.Its a work in progress, and hopefully will enable me to be a little more decisive on the areas i participate, and perhaps trade bigger size.Much work to do!

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  #878 (permalink)
 Grantx 
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bobarian View Post
sept 10
finally got a decent trade off on AUDUSD for 3 scales.Alot going on here, im looking to add more context than just developing value and prev h/l/c.Its a work in progress, and hopefully will enable me to be a little more decisive on the areas i participate, and perhaps trade bigger size.Much work to do!

Awesome my man. Looking forward to it.

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  #879 (permalink)
 bobarian 
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what a day.Going back into the archives, looking at some market profile/value /tpo stuff from the past.Raining for 2 days straight here in NY, need some exercise.Essentially ive been trading the edges of value for a while.However, its been nagging at me to bring in some HTF value, and also simple price action.I dont want to clutter up my charts, i want to do the opposite.I will try to digest whats been on my mind today, and also try to be patient.Fading the extremes of value(sd2/sd_2 ) with a simple 30 min candle isnt bad.I enter on a sell or buy candle, so i might be missing many trades at these areas.I put up the weekly vwap to complement the daily vwap.Its a bit weird, so lets see if it works.The bigger picture is what im after , so i can be more confident in my entries.Kinda like playing the bumpers.Currently, im just trying to be consiostent with my executions, and take anything that is acceptable.Just this practice is not so easy when the confidence isnt there yet.But, its necessary...lets see what tomorrow brings

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  #880 (permalink)
 bobarian 
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sept 11
One trade today...I just wouldnt wake up this morning ..oh well...many opportunities

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