I Learn to Trade

[Zelo]

Hi guys!

Welcome to my trading journals!

I will share what i learned and ideas, experiments here.

I hope you find them helpful.

 

I learned to trade binary option at first.

I read a lot of books. But i like most are:

– Order flow trading for fun and profit

– Beat the forex dealer

I always like the idea of order flow.

Because you don’t need to care about technical or fundamentals  analysis,

if you know where people place buy or sell order. (Stop or Limit)

Unless you are brokers or market makers, you can not have access to them. (Most of us).

But i think, we can track them.

Like you walk, you will have footprints on the ground.

And when big boys enter market, they may leave some footprints.

 

I am still learning them. I think those small gray zone/line is footprint of big boys built their position.

And big gray zone is supply and demand zone.

 

If market is random, why they have nearly the same height over and over again.

I think market have cycle.

 

If you look at left corner, you will see have have 14 pairs of EUR,GBP,CHF,USD,AUD,JPY.

Market now is range, moving a little.

 

About Transient Zone, we have the probability to help us confident in our trade.

Recently i found that there is Consolidation Zone from Recycle bin, have the same idea of measure zone

by looking for the number of bars and height of zone.

I dont know if Eurusdd borrow TZ idea from CZ

I can see and measure TZ without any indicator, so i dont attach them into chart.

 

About some patterns, like M and W, thanks Saver0 to point out,

i think it is the result of order flow,

that why it works and FF and markets makers scare and move to recycle bin.

(this chart is less candle then USDJPY chart above, because i have filter not important candle out)

That is what i learned so far.

So my trading strategy are:

— look at 14 pairs to find strongest and weakest and potential pairs to trade

— look at charts to find those special level

— if there is any trade that have signal and good RRR

— then i will jump in, if not, i find something else to experiment

 

And the indicator, i will share when i learned and know exactly how to use it.

 

Feel free to comment, guys

 

And the last image, can we use it to trade: http://en.wikipedia.org/wiki/Self-similarity

 

Have a great day!

 

Zelo

 

 

[Saver0]

Hi Zelo!

Very excited to see your thread. I see that you are identifying WRB (Wide range bars) it seems. That’s something I looked into as well awhile ago and found very interesting! Love what you are doing with it. The way you identified similarity among the spaces is very unique!

Subscribed! 

Focus, Patience, Determination & Order in chaos

[Zelo]

Hi Saver0!

Thank you for subscribing

:yes:I am identifying  WRB. I think it like the combination of TZ and SS.

 

Last week, I reached ~130K from 34k left on 50K demo account.

I hope this week is good too.

So i can start trading real on new year.

[PiratePip]

Awesome thread Zelo! and even awesomer results bud!  Very excited to see what all comes from this thread :)

subscribed!

-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!

[Saver0]

PiratePip wrote:

Awesome thread Zelo! and even awesomer results bud! Very excited to see what all comes from this thread :) subscribed!

Wow, that is really awesome to hear!! I’m sure you will reach your goal for the new years  You deserve it!!

Are those gains with the use of SL or without? I’m trying to figure out the SL at the moment. Also, keep in mind to plan for survival. The longer you stay the longer the gains will compound. 1% per day can easily turn into millions in a very few years 

Focus, Patience, Determination & Order in chaos

[Lowphat]

I’ve have modified the fib to measure heights manually adding a 2 for a 200% as well as a few other levels

 

• This reply was modified 11 years, 4 months ago by Lowphat.
• This reply was modified 11 years, 4 months ago by Lowphat.

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
money at tops and bottoms.”
– Paul Tudor Jones

[Gio]

Great, thanks for sharing Zelo. Subscribe.

[Zelo]

Today i up 100% from 25K remain on my demo account.

Because i blew 25K on monday

 

I will learn to use stop loss today.

Goal is reach 100K by using stop loss.

 

I am currently code a trade simulator as a small project,

it use html + javascript, who want to join

 

 

[Zelo]

I am looking for buying GBP/X.

I see Average Earnings Index 3m/y of GBP is  high in December for last 4 year.

And if you look at Unemployment Rate, you will see a nice drop like beblow.

 

Let wait and see

[Zelo]

I am buying GBPCHF with H =90 based on FX-Jay Setup

[blueface]

Zelo wrote:

I am buying GBPCHF with H =90 based on FX-Jay Setup

Hi Zelo
the TF is H4?,I remember Jay set up H=30,but your is 90
wow,its a big number to me

Besh wish.

[Zelo]

blueface, i must adapt to market, i can not use fixed h.

i believe Jay do that too.

 

Anyway, i just close those trade. I feel like my style is scalper,

maybe because i trade short term BO.

I hope i can learn to hold trade longer.

 

Today is good. But there are a lot of to improve on stop loss and take profit.

Some trade i use stop loss, some trade dont, and i take profit manually.

 

 

Time to code something

[PiratePip]

Awesome results Zelo! Keep crushing those markets my friend!

-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!

[Saver0]

Yea SL is tough.. I started playing with it 2 days ago.. first day lost like 4% and today not too bad -0.3% haha

Some of the trades I took were too stupid I think. R:R still needs to be good.

Focus, Patience, Determination & Order in chaos

[Zelo]

Saver0,

You forget update your thread “Adventures in TZ Trading, journey towards 99.999%”

 

I am coding my little app. What do you guys think?

 

 

I have a lot of ideas right now, so i dont know what to do next.

Time to rest.

 

Have fun guys!!!

[jusiur]

I like it Zelo both: footprints and simulator.

• This reply was modified 11 years, 4 months ago by jusiur.

[aryafx]

Hi Zelo!

i got your mind a little .but if you are going to present a new trade strategy here based on these tools?

[Zelo]

jusiur wrote:

I like it Zelo both: footprints and simulator.

Thank you jusiur. I hope i will finish Forex Simulator soon. I am a bit lazy

When it finish, I will share for free here.

aryafx wrote:

Hi Zelo! i got your mind a little .but if you are going to present a new trade strategy here based on these tools?

I will when i trade real and profitable aryafx.

I only trade demo and still have problem with trading.

[aryafx]

Thankyou dear!

Subscribed!

[Bartleby]

Zelo wrote:

I have a lot of ideas right now, so i dont know what to do next.

Zelo wrote:

I will when i trade real and profitable aryafx.

I only trade demo and still have problem with trading. 

just a suggestion to focus yourself on becoming profitable. ;)

I got the same problem. So many ideas, theories, indicators to play with…I think it´s important to get to the point where you/me/everyone focus on one subject…till it leads to success or failure. Doesn´t matter much though..but helps in substracting those interesting things from your list

Look at the actual chart of your suggested Gbp/Chf Trade..looks sweet..my opinion 

"A dream you dream alone is only a dream. A dream you dream together is a reality." (John Lennon)

[Zelo]

Thanks, Bartleby

Actually, I forgot GBPCHF trade. Because i close trade yesterday when i see price reverse with small pips.

I wish i hold them till today.

I think i need another chart type. I have problem with candlestick pattern and my belief with them.

 

I dont know if i should stick with scalping style, because it is profitable style for me.

But i dont like them, too many screen time.

Or i should develop an EA?

 

Update: My demo balance is ~88K.

 

I will update later. I found something with hiden transient

[Zelo]

I closed trade when it hit another Zone in 5 TF.

I notice them recently.

Some time i get 1,2 bars have close price in a zone in 100 bars on H4.

So how can we trade them. I dont know yet

It just an idea.

What do you guys think?

 

Update: another hour passed…

• This reply was modified 11 years, 4 months ago by Zelo.

[Lowphat]

heres a fun image. on the sidelines for me atm even though it screams fill the gap

• This reply was modified 11 years, 4 months ago by Lowphat.

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“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
money at tops and bottoms.”
– Paul Tudor Jones

[Saver0]

Lowphat wrote:

Lowphat

I deleted the post. You can hit the report button in the future and I will know incase I don’t see the post

 

I took a long on EURUSD as well. H4 is showing that the brakes are on. Should be good for a bit of retracement. But its still looking like a strong down trend. This EURUSD doesn’t look like its at a bottom yet.

Focus, Patience, Determination & Order in chaos

[Lowphat]

Zelo wrote:

I am coding my little app. What do you guys think?

I’m looking forward to it. it looks great :)

Saver0 wrote:

You can hit the report button

ah, thanks m8. my brain is lysdexic so buttons and words get mixed up or omitted all together.
yea i really really wanna long eurusd with first target 1.2372 – variable spread but I’m to chicken

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
money at tops and bottoms.”
– Paul Tudor Jones

[Author]

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