Here we go first trade of the day.
Nothing really specific to report here except I recognize this price action on a Monday morning at Singapore Open.
The only thing I don’t like about this trade is that it has to break through the 1.18 level. Not to worry. It’s moved in my favor, stop loss has been moved to break even and liquidity is on the sell side. Batter up!
So closed this one out. Price bounced of the 1.18 level. Made a nice little 1.19% of it. Live to trade another day.
Make a bit, add a bit, wash, rinse, repeat.
Ok so second trade for the day. Broken the 1.18 level. Liquidity seems to be bearish. Plenty of room for the price to continue south. I’m reentering short. Risking 2% on a 1:2 risk/reward. Coming up to London open so have to watch for a fakey.
Well got that one wrong. But maybe it was me showing off.
Post trade analysis shows a few mistakes. First big one, trading around a round number ie 1.1800. Next low volatility on a Monday. Third, beating my chest here. Forth time in trade. There could also be a dumb placement of the stop loss but time will tell on that one.
Now, I could have gotton out six times from this trade. Being Monday I probably should have recognized the first finishing volume demonstrated in the liquidity indicator and exited. Then the market gave 4 more exit points to break even at. Finally a reversal signal.
Somehow I feel that this might turn into a low volatility Monday or at least during my waking hours. So I’ll stay out for the rest of the day. Own my decision, accept, learn, move on.
Now who can I go upset!
Great to see you showing your box trades here, Bob. I know these are very dear to your heart and that you have put an incredible amount of work into these.
Obviously, tick trading is not for everyone, and each has to find what works for them. (As you know, I am moving out into the other direction towards daily charts). But I really hope this works out as it is something quite different to the usual stuff we see about trading forex.
I also always appreciate people showing their honesty by putting up the losers as well as the winners!
Although I don’t normally look to trade Monday mornings at all, there is sometimes some immediate follow-through from the Asian session and, like you, I tested the downside. But after a period of total non-movement decided to close it and made a humongously huge 2 pip profit to start the week! Is there anyone more simple than Simon, I have to ask! 
Can’t all be winners my friend. The first sign of a charlatan especially here on babypips is you only see post trade analysis of winners. I plan (like in the rest of my thread) to post all my trades this week for documentation purposes. Then, like the revolving door of babypips members probably drift away into obscurity.
Why do people fail at trading, well, they follow the herd and do what everybody else is doing. Never been a follower.
It was a very quite Monday. 39 pip range straddling a round number. No good for the cash machine. Lets hope for a more trending Tuesday.
Here we go folks. Bit of a delay between when I took this trade but you get that. First my bias is bearish on the EURUSD. If I had not been so greedy an thought about my stoploss a bit more yesterday then my loser would of been a winner.
Next, this pair has slipped into a tight range over the past 5 hrs of 21 pips. However it keeps testing the lower range and doesn’t seem to be able to recover to form a higher high. So I’ve entered short on a box break.
Again what looks like a tight stop just follows my rules. If the trade fails I’ll look to re-enter but I will need a confirmation signal. At this time of day one has to remember that USD borrowers become active for the next 2 hours and these dollars have to be converted to the mother currency. If so I will get stopped out but it should also mean I’ll get a better entry and risk reward ratio if my bias is correct.
Time to sit back and enjoy the ride. Now where’s that abandon baby with their hammer.
Welcome to the club, I understand some prop desks are at the same place. GOOOOO CATALONIA
The Ever Profiting Off Turmoil VIPER
Ok, Locking in profits.
Where I am it’s time for bed. Looks like there could be some finishing liquidity here. But getting the extra trade in was a bonus and I don’t want to lose what profit I made, which was 3%. Tomorrow is a new day and more opportunities are to be had.
So while others are zooming in and out of time frames, looking for rejection bars ,dicking with pin bars, buying in valleys and spewing forth the same old same old some of us are just doing.
Good night, sleep tight and don’t let the Platypus bite.
The Ever Wishing Well From NC VIPER
Well, sun’s up. Quick check of the chart. Looks like lessons learn from Monday paid off and I exited these trades at a perfect point
Today’s agenda, I have to met Adam and Adam to beat them up with a big stick.
I see from the PDF you are a big fan of Joe Ross. I am working my way through his literature, also on recommendation of that lass Lexys
So we all have busy lives. I’m no exception so missed posting my trades yesterday. Sometimes I think I should rename the thread “Profitting from noise - journey of a dumb speculator”
So, 4 trades taken yesterday. Had to zoom right out to capture them all so looks a bit messy
First two where losses. Trade one I tried to predict the market and we all know how well that works. Second trade got sux in at the end of the short trend lasting for the past 4 1/2 days. Proving the trend is your friend until it ends. Then got into two good long trades away. One closed out when it hit TP one manually closed. But Bob’s learnt to chase higher Risk:Reward ratios so one trade covered the loses, One trade profit. 3.59% in fact. Not bad for one day.
Dark clouds cover the sky today. Beware of charlatans.
I more like the 1-2-3 pattern over the Hook itself. Down at this zoom level the validity of the pattern has to be scrutinize closely
bro i as a newbie want give my idea and asking
i see some line in chart as support resistance and ,123 pattern rh and, boxes ,liquidity meter
its very nice that 4% a day
is all this require and helping you to execute the trade and which one is your one to rely on most
if the price is matter , does different sma like 100 200 give you and help you to find that same edge and accuracy
the orders are so purely executed and screening that i really want to see where it goes and what happen every time
i look forward bob
These are what help me. Will they help others, maybe may be not.
Boxes bro, always the boxes. Boxes are based on fractals i.e. price - highest high, lowest low. The liquidity is based on time and only time, which is why it won’t work on a fixed time frame. Personally don’t believe in run of the mill indicators. But there are others (well at least one good fellow) whom are very experience with them.
The ross hook indicator is a very good trend indicator. Its also based on higher highs and lower lows
See the date of the first post. Thats over 3 years. Apart from a digression to Donchian Channel trading thread (very similar as both are based on break outs of highs or lows) this is all I do. Thats what gives me the edge.
Actually have just finished going back over this thread. It was the main reason for starting it. It truly documents a what stage of my journey I was at in this period. Its incredible to think how much it has evolved in this time. It is why people fail. They system bounce. Find what works for your then wash rinse repeat. It is truly on of the most boring occupations one can do.
Hasn’t always been the way. When I apply my one trade once a day 10 pip sl, tp rules, my best quarter was 8%. Thats the costs involved in that strategy. I needed to win 3/5 trades each week, 2/3 weeks to achieve that. A 1:1 risk reward ratio never returns that after costs. Learning how to widen my stop and obtain a better risk reward ratio is what brought consistence and a increased return.
The green and red lines you sometimes see aren’t support or resistance lines (the boxes indicate them) they are my trade sl and tp levels. Not the stops are not place at a level however a few pips above or below the level.
And as I type I enter my first for the day. Got 1% on, going for a 1:2 risk reward. Maybe I’ll get a second entry latter
But if you excuse me have to take a short legged doji out for coffee
The end of the week and how are things. Well, Thursdays trade never got going and got taken out. Had opportunities to get out for some profit but let the trade run it’s course.
Last night again only the one trade. A winner. So I put this one on looking for a 1:3 risk return. But then it got late. Trade had made good profit and it was time for me to hit the sack so I manually closed it. Then woke up today only to discover that if I had left it running thing it would of hit its target 20 minutes later. Love this game
Forward testing this new strategy now for two weeks now, here are the results
With all that said, I’m done here. With the exception of a few good folks, this forum is polluted with filth and I simply can’t be bothered with it any more. So good bye to the all the good friends I have made over the past 5 years, I wish you good health. To the rest, in all honesty, your filth needs to be purged.
The first one that has to go needs a big Harami Cross stamped right in her forehead.
Why do we need more good female traders. Because the ones that frequent here are rubbish.
Be Well, and Trade Well Braugh
Oh. whoooom is the mystery person !!!
The Ever Sending Regards From The Palatial VIPER Ranch And Estate VIPER
So if you are departing never to return here is there somewhere else to contact if there are questions about your uploaded package? I haven’t really delved into it yet, been busy with other reading … thanks by the way sharing. All the best
