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siba

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Posts posted by siba

  1. Thanks logicgate and siba for your discussion. It shed light on what is most important.

     

    Thanks, actually that sort of discussion is necessary. The learning curve of a trader is leanthy and full of frustration and confusion. It's always benificial to listen to someone who has some sort of experience in this field. And logicgate, well said as may market profile add some value in the analysis but also may create some confusion also. So it is always better to stick to some proven method and achieve the required skill in the method. Seeking any other method at the learning stage is the deviation from the path and doomed to fail as it shows the inconsistant and confusing state of mind. Thanks again for clearing my doubts.

  2. I also feel the same but sometime when I see the popularity of market profile, order flow among the traders it makes me feel confused that may be I am missing something. May be I can catch a real big move or the real breakout following the orderflow which I think otherwise very difficult atleast for me at this point.
  3. You won´t be using 85% - 90% of the stuff in this course.

     

    Hi, Logicgate

    I have a question for you. I studied wyckoff, I understand the market structure and the price action moderately. I am studying now the VSA course and now it's all making sense to me. I only want to know that I should practice and refined my learning on these or should I incorporate the market profile and all these related stuff to these ? Will it make the things complicated for me or will it improve my trading further ?

  4. You won´t be using 85% - 90% of the stuff in this course.

     

    Hi, Logicgate

    I have a question for you. I studied wyckoff, I understand the market struction and the price action moderately. I am studying now the VSA course and now it's all making sense to me. I only want to know that I should practice and refined my learning on these or should I incorporate the market profile and all these related stuff to these ? Will it make the things complicated for me or will it improve my trading further ?

  5. Ok. Actually we need to be a bit discretionary on selecting 99/144 bars, on proper swing legs. Attaching today's Silver future chart (1 min and 5 min) for your reference. I am confident that in longer time-frames this would be profitable. Btw, please drop any of your strategies if who know some..

     

    xmFDZkt

    zJfBqhM

     

    Thanks for the feedback :)

     

    Okay as far as I am understanding from your chart that the 99th bar and 144th bar does not give you the exact mareket turning point. We have to adjust it a little bit. If that is the case then I think, you get a better clarity of the probable market direction by studying the price action. It's just my opinion. If the strategy you ,mentioned suits you and profitable for you then stick to it. Happy trading :)

  6. Hello lovely people,

     

    As i am new to trading, i want to learn as many tricks as possible from trading community. I want you guys to keep it simple and share any of your tips/tricks like the following one.

     

    "99-144 strategy" - One of the kindest traders shared this trick online(God bless him).

    It works well most of the times(you can back-test in 1 min/5 min time-frames; 1 Day is most preferable)

    - Take a lower leg of any script, mark 99 bars and 144 bars from that low(you can use "Date range tool" in case you are using tradingview, for marking). You can expect trending movement from that bar. As simple as that:)

     

    Note: Take swing low as a starting point and start marking from that low. Don't pick immediate pull backs as they cause lot of noice.

     

    Please leave me thanks once you find it worked. Feel free to revert back for any clarifications.

     

    PLEASE share your simple and easy strategies like the one i shared. Let's keep trading simple.

     

    Peace :)

     

    Thanks for sharing. I tested it on Silver future contract and it seems to me that the strategy is working/not working very randomly.

  7. Thanks for sharing your experience. I have also experienced that whenever we operate under fear and greed we tend to deviate from our original plan.

    Introspecting the emotional state of mind is very essential in trading. It is some time is very hard to control the greed and fear. I think expertise comes over time if we try our best to control it.

  8. I was reading a whilst back about actively trying to loose as many trades as possible. I think this would be an interesting experiment.

     

    Have you tried it ?

    Some body here in India asked the broker to to give a feature in their trading system that when they buy it will be executed as a sell order and vice versa.

    But I doubt how good the outcome will be. Trading is far more than just finding a good entry. I read somewhere " Market structure is the king and money management is the queen"

    What I learnt from my experience

    1. We should be patient and should not operate under fear and greed.

    2. We should categorise ourself based on our risk appetite , what kind of trader we are ? Scalper, day trader, swing trader etc.

    3. Not every day is a trading day(If we trade one or two instruments), we should avoid those days.

    4. In a good trading day exploiting every single oppertunity to make money.

    5. Last but not the least, buy low and sell high.

    The last concept is heard so much that we take it for granted. But I learnt a hard way that, this is the single most important concept of trading.

  9. @chuck_im

     

    I enjoyed the concept and would like to dig a bit more deeper, that is all. He does that same thing of separating the big swings in quadrants (like in market stalkers), but he goes one step beyond and divide the quadrants by half again. Anything above 50% is premium, and below discount. So this concept can be applied down to a bar too. But in the videos available we have very limited examples of this in action.

     

    How do you know that some videos are missing ?

    Sorry for my ignorance.

  10. Tthe MIDAS book is not really about VWAP. As it says in the book: "It was emphasized in the introduction that this book is not about Volume Weighted Average Price (VWAP) but a particular development of it in the MIDAS approach of Paul Levine."

     

    "Do you have any video lesson regarding this?"

     

    It's actually a simple concept, you can find lots of free info online about it, for example: https://tosindicators.com/indicators/anchored-vwap

     

    Thanks. Will check it out.

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