My Trade Journal

[botrak]

eurjpy_h1_270415.jpg

[botrak]

I'm back

eurusd_20.05.jpg

[botrak]

Add at SH

[botrak]

Like riding bicycle "just pedal and you go". They said in the main thread "DON'T MAKE THINGS HARDER THAN THEY NEED TO BE!". I really tried [look my recent posts in main thread]. But it's not that easy as they show it.

I quit posting and asking anything. They focus on and repeat simple things like RRT=M, news dont move price, three M15 levels = H1 level etc.

This stuff is clear not really usefull.

RRT.png

The main key of this strategy is to locate turning points. Because you gonna get this result if you just trade pins/RRT's/M's/W's.

RRT2.png

3 levels are used to define where we in the cycle. But levels are subjective thing and they dont have clear-cut rules[if Im wrong give me a link in the main thread] except they should form Higher high or Lower low.
We can switch timeframes and every time have new picture and different level counts.

I see 5 levels and no reversal

auh1v2.png

Same chart at H4 and we have 3 levels and everything looks ok

auh4v2.png

Another picture Daily timeframe and only one level which is not over yet.

auD1v2.png

You rarely get 3 clear levels down at D1 + 3 levles down at H4 + 3 levels down at H1.

However sympathy post perfect entry trades with 0 drawdown almost every day. Sometimes he take trades off H1 levles , sometemis of H4 or even M15. His decisions are based on something more than just 3 levels on one timeframe.

He have rectangles on his charts "i just use them for a reminder". Perhaps he use something else but dont mention it and not mark at chart [maybe he think its not important [fibs/round numbers/ S/R levels etc]].

No doubt hes good trader. But he cant accessibly explain how he combine information from different sources and timeframes. And once again levels are subjective he draw them in his own unique way.

Gonna re-read thread maybe I find something usefull.

[caveywoolpert]

Your 4h levels are ok, we are at 3rd lvl, so reversal is near

For me level are the pillar of naked trading, take only quality setups with no fear and multiple your account, have a look at gu this week, all levels are clear and respected, i took all this huge moves being a noob at NT. Dont look at sympathy, he' s a trading beast, take setups you are sure

[botrak]

Look at this chart guys.

symGU1.png

4 days later that chart was posted.

symGU3v2.png

And I was given this answer "that trade was taking from level two in one hour, the is one strong support level bell0w that W formation. if you check 15mins it will give you 5levels."



Sympathy "new" map. I was confused but didnt ask any questions because dont want to "MAKE THINGS HARDER THAN THEY NEED TO BE!"

symGU2v2.png

You may say price didnt establish and chop above level 2. Ok...
Here we have chart where marked level 3 only pins above level 2.

symUC1.png

I think I miss nuances to understand the method. Not easy basic things aka RRT, 3 day cycle, SH after Asian range etc.


links here
http://www.stevehopwoodforex.com/phpBB3 ... 60#p126160
http://www.stevehopwoodforex.com/phpBB3 ... 75#p126275
http://www.stevehopwoodforex.com/phpBB3 ... 93#p126293
http://www.stevehopwoodforex.com/phpBB3 ... 69#p126069

[caveywoolpert]

that's my plan

I posted this beforehand, the price behaved as expected, just the retracement went a bit lower, but we are not catching the falling knife with barehands, after W formed, longs were taken. Dont count levels on 15m.

[botrak]

that's my plan

I posted this beforehand, the price behaved as expected, just the retracement went a bit lower, but we are not catching the falling knife with barehands, after W formed, longs were taken. Dont count levels on 15m.

Dude my charts are from August yours is recent.

I had good trades too and "predicted" price using CJ's method. Sometimes several times in a row but this is luck and not "regular basis". Some -15 pips attempts to enter at pins kills good trades profit [our "normal" TP is 50pips mentioned many times in main thread, I dont wanna in-depth discussion about profit taking atm].

[botrak]

Almost same picture on EURUSD but this looks better for me.

eaud.png

[botrak]

Here is EurUsd one. Retrace after level 1 pins/W at NY session open + usd news soon [you can also see abc and 61 fib]. Staring at charts at RRT/pin areas for 2 days trying to see spread manipulation but didnt see huge intentional widening yet.