- Search Energy EXCH
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stevepatt replied Dec 22, 2014Hi saruhn; Any other time of the year and I'd be shorting this all day long. But it's Christmas and the markets are slowing down to a crawl so I won't be Trading.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Dec 22, 2014Hi Art; I've set up a trading journal here url where I will be exploring all aspects my Trading. Getting into a Trade is the easy bit how the Trade is Managed once entered is the main difference between a method being successful or not.
Nihilist Forex Indicators
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stevepatt replied Dec 21, 2014Hi behman; I see from your profile you have subscribed to 20+ threads in the last three months. Why are you Trading live when you obviously don't have an idea of how you want to trade? Are you a Scalper or Swing Trader or Position Trader? Until you ...
Trading is supply and demand
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stevepatt replied Dec 21, 2014Hi Purec; The only correlated pairs I'm cautious of Trading together are EUR/USD and USD/CHF. Last Week closed with a Weekly Bearish Engulfing Candle on EUR/USD. The Bears are still very much in control. The AUD/USD reached 0.81, last week, which ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Dec 19, 2014Hi scardi; If the D1 Stochastic is Bullish drop down to the M15 Chart and wait for it to go "Oversold", it's going to go "Oversold" on M15 quicker than the H4 TF, this equals a quicker opportunity to get into a Trade. Might be wrong but that would ...
Trading is supply and demand
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stevepatt replied Dec 19, 2014Hi investing101; I like the idea behind what you are doing here. But if there's one thing that really annoys me it's when people start to make predictions about Market movement and then think, naively, they have the power to predict the Market. The ...
Trading is supply and demand
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stevepatt replied Dec 18, 2014Hi cuchuflito; I don't care what any Indicator is saying I see the Monthly is in a Bearish Trend.
Trading is supply and demand
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stevepatt replied Dec 18, 2014Hi acetrader; I don't Trade this way I was only trying to point out to santos how I thought investing101 was meaning this to be traded The mistake I made in the last chart, that I posted, was not waiting for the Stochastic on M15 to go "Overbought" ...
Trading is supply and demand
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stevepatt replied Dec 18, 2014Extract from investing101's first post The name of the game is to recognize supply and demand. My method for doing this requires multi-time frames. I prefer to use 15 min, 240 min, and daily. Apply any oscillator of your choice (mine: stochastics ...
Trading is supply and demand
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stevepatt replied Dec 18, 2014Hi abofar; As long as you understand the power of the image, that I posted, it will help with your trading progression. Another part of the puzzle is Market Structure this will be a big help with finding the Primary Trend. There's lots of ...
Trading is supply and demand
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stevepatt replied Dec 18, 2014Hi Lex-Luther; It's just an image to demonstrate how the Intermediate and Short Term Trend interacts with the Primary Trend. This is what investing101 is doing, he finds the Primary Trend and then looks to trade the DIPS in a Bullish Market and the ...
Trading is supply and demand
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stevepatt replied Dec 18, 2014Hi abofar; Put a 50 EMA on any Daily Chart if the Market is Above it then Bullish or Below it then Bearish if the Candles are breaking both sides of it with no clear direction then the Market is Consolidating. This a very simple way to determine ...
Trading is supply and demand
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stevepatt replied Dec 17, 2014AUD/USD D1 Just exited this trade with an average return of +164.65 pips +2.70R. The 0.81 RN has always been my target for this Trade the Momentum created by the USD FOMC News Release took it to my target. If you look left on a Weekly Chart you ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Dec 17, 2014Well that didn't last long. I tightened my SL after the market started to reverse on me and got taken out by 0.4 pips.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Dec 17, 2014Hi Eod and braciola; Thanks for doing that, if everyone can explain their reasoning behind their trades every time they post a chart it will help everyone now and in the future.
EDIT….Eod nice result with the Trade.Nihilist Forex Indicators
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stevepatt replied Dec 17, 2014Hi Eod; Can you explain your reasoning for taking this Trade where you and when you did please? Because there is no, one, definitive system being used here an explanation of your reasoning will help everyone.
Nihilist Forex Indicators
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stevepatt replied Dec 17, 2014Hi braciola; "Reflection" Are you just being cryptic or are you deliberately trying to confuse everyone with your Market comments. Which pair? Which Time frame? What are you seeing? What are your intentions with what you are seeing? Even explaining ...
Nihilist Forex Indicators
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stevepatt replied Dec 17, 2014Hi Purec; Start by looking at the higher TFs and work down to the TF you Trade from. I have never Traded EUR/NZD but I can see it has a large Trading Range. The market has just hit a Trend Line dating back to August 2013 with a lot of Weekly Bearish ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Dec 17, 2014Hi braciola; Was that the chart also using XARD's Indicators? It's going to be hard to get a good understanding of, exactly, how you are seeing things.
Nihilist Forex Indicators
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stevepatt replied Dec 17, 2014Hi Eod; The first Indicator you should be looking at is the Price its self. If other Indicators are obscuring your view of the Candles you are Trading with a disadvantage.
Nihilist Forex Indicators