snapshots from battlefield
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Thread: snapshots from battlefield

  1. #1
    nuvar
    Guest
    A picture is worth a thousand words - I am kind of a visual guy, so there will be at least thousand words worth info on my every trading day.

    An expert is a man who has made all the mistakes, which is made, in a very narrow field. - Niels Henrik David Bohr
    That makes me very expert trader. I wish to work on my patience and discipline - those are places where I still have some job to do. I wish to restrict my trades to 2-4 a day and be picky about them.

    I trade only EURUSD, intraday with SL ~30pips. Discretionary, using S/R concept with help of some inventions of my own.

    Please, feel free to leave feedback

    Down to business:

    I am not touching longs below 1.3700 and the scenario I am interested in seems pretty much like this:

  2. #2
    nuvar
    Guest
    Quote Originally Posted by ;
    what support/resistance indior is that??
    Hi aicccia, that's my execution of Market Profile idea.

    Quote Originally Posted by ;
    By the way, you have drawn (I suppose that's you, maybe the indior did this too) lines where there was the maximum price action. However the lines should be drawn where there is the LEAST price action. They'll reveal to you the true edges of the various Price Pivot Zones.
    That's not necessarily the case. Not in a strong trending market. I only made some nice pips trading from The Book:
    http://img17.imageshack.us/img17/5961/hitha.jpg

    And that's how trading comes out of MOST price action places did work few days ago:
    http://img11.imageshack.us/img11/3138/pastz.jpg

    Easiest money ! At least later, on a drawing board .

  3. #3
    nuvar
    Guest
    After market made new highs I was expecting the green area to offer some support. And it did! 1st trade closed at 50pips, 2nd left with SL couple pips above BE as there's still a lot of upward possible.


  4. #4
    nuvar
    Guest
    SL@ 5pips and a huge rally right after. Happens all the time . Searching for a S here.


  5. #5
    nuvar
    Guest
    Enough for today.


  6. #6
    nuvar
    Guest
    1st commerce - short after bounce from this week's POC with target (and reverse) at last week's VAL. The 2nd didn't feel right, so I moved SL at BE and got stopped out straight after. Too bad, this would've been 60 pips by now...




  7. #7
    nuvar
    Guest
    Some really bad trading which paid off.
    1st short near yesterday's - I did not move SL into b/e at 20 pips and got stopped out at -30. This occurred near region where I had been expecting some heavy selling to begin. I reentered - a lot too soon, without any confirmation on lower timeframe and added yet another S 15pips above. 100pips for the day. Equity looks better compared to my trading style. Now I'm waiting for a retracement to 1.3720-ish. .


  8. #8
    nuvar
    Guest
    It fell too much and too quickly, my 1.3720-ish area(1) was improbable. So I settled on somewhat riskier but good looking Monday's VAH(2), just below top. An epic entry SL moved to b/e.

  9. #9
    I assume the volume information is from Forex Futures? Or am I wrong?

    Excellent penetration, supports and resistances at highest volume are powerful .

  10. #10
    nuvar
    Guest
    Quote Originally Posted by ;
    I assume the quantity data is from Forex Futures? Or am I wrong?

    Great insight, supports and resistances at maximum volume are powerful .
    No quantity in Any Way. Just price occurrences multiplied by sessions' weight. I attempted to incorporate ECN volume, however surprisingly, works better without it

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