Dave from Sydney's Journal [Awarded Title: the Box-Trader]

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Tomi
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Re: Dave from Sydney's Journal

Unread post by Tomi »

Such a nice trade Dave. I was on the charts on that time and was thinking "this must be a S1 on lower 8-12 seconds timeframe. I'll take this." and then refocused, didn't take it and started trading on M1 again ;) I tried to check S12, but custom timeframe component won't use history for S12. Anyone willing to show S12 chart? I know some of you have it :P
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immy
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Re: Dave from Sydney's Journal

Unread post by immy »

Tomi!

I know its quite tempting but then again, we have to choose, are we trading S12 or are we trading m1. For that reason I stopped looking at it. And as long as its there I will take trades on it and it is ONLY good for NEWS events.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Tomi
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Re: Dave from Sydney's Journal

Unread post by Tomi »

immy wrote:Tomi!

I know its quite tempting but then again, we have to choose, are we trading S12 or are we trading m1. For that reason I stopped looking at it. And as long as its there I will take trades on it and it is ONLY good for NEWS events.
Focus, focus and focus! My focus is on M1 absolutely but it's just like the feeling when checking H1 charts and see famous pattern. Go down to M15 and most likely there will be S1. I got the same feeling when looking M1 and "was sure" that there will be S1 on S12 or similar lower timeframe. M1 requires full attention and focus already and let's not break it. Just out of curiosity would have been fun to see S12 chart. Anyway this is Dave's journal and sorry for messing around :p
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Discuss away! It's all the same patterns, HTF/LTF, H1/M15, M5/M1, M1/S12... higher timeframe pullbacks into S1. This is one of my favourite pictures clearly illustrating this pattern, an oldie but a goodie!
photo.PNG
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Now, I choose to make a profit in trading.
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immy
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Why do they call it down-under?

Unread post by immy »

Watch this clip , Why do they call it down under?
http://screencast.com/t/QYDv1k4uj
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Finally.... nice R:R :)
Screen Shot 2014-09-04 at 8.54.55 PM.png
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Darren
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Re: Dave from Sydney's Journal

Unread post by Darren »

That is what I was trying to do! :-bd
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

A couple little pearls from a book I've just been reading (on a flight, hope you're all having a productive day!)
image.jpg
image.jpg
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Break of the range with LO momentum... EU closed to make the DAX trade risk free (which is a shame, because the EU kept dropping), and the DAX entry was for Grant - a seed on the pullback :)
Screen Shot 2014-09-15 at 5.21.39 PM.png
Screen Shot 2014-09-15 at 5.22.26 PM.png
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Most of us took this trade, with the same result. A setup is a setup! See you next week :)
Screen Shot 2014-09-25 at 8.13.48 PM.png
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