Darren's Journal

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Darren
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Re: Darren's Journal

Unread post by Darren »

2 trades today. One was a very quick full rent and the other was a lovely running trade. About 2.25% up for the day. :D
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mirgi
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Re: Darren's Journal

Unread post by mirgi »

Super Darren :-bd :-bd
Discipline, Discipline, Discipline
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immy
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Re: Darren's Journal

Unread post by immy »

Darren! I like it!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Darren
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Re: Darren's Journal

Unread post by Darren »

I haven't updated my journal for a while as I am still trying to get to grips with the 'SEED', but I will post charts when I can.

I took a trade earlier today on EU H1 which I mentioned in the chat room but Immy said that it wasn't a valid 'SEED' trade, but he didn't have time to explain why as he was off somewhere nice! Anyway, I said I would post a chart so that it can be analysed.

Cheers.
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Dave
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Re: Darren's Journal

Unread post by Dave »

Hey Darren. My understanding is that the seed is represented by one of only two H1 bar types:
1. An inside bar, which this bar was not;
2. A small hammer or shooting star, of which this bar was neither.
So the small inside bar three to the left of your trigger candle is a seed (A), as is the candle seven to the left of your trigger candle (B). I think you were in the chat yesterday (probably your today) when we were talking about the seed in a trend, or knowing when it's ok to trade towards the H1 red line. So seed 'A' may have been ok to trade long and towards the red line as the eWave was showing upward momentum. But this might have been tricky as it first broke to the short side. Seed 'B', however, was not a long setup as eWave momentum was still bright red and therefore down, but the short wasn't triggered.
I think that's about it though, nothing else to add.
Anyone else got any ideas?
Dave
Now, I choose to make a profit in trading.
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Darren
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Re: Darren's Journal

Unread post by Darren »

Hi Dave,

Thanks for doing some analysis on the trade - I appreciate it :)

There is one other type of bar type that is traded for the 'SEED' and that is the doji, which can either be an inside bar as well as a doji or just a small doji that isn't an inside bar. Now the bar I used as the seed is not a perfect doji as by definition the open and close of the candle should be virtually identical to be called a doji. The bar I used is more of a 'spinning top' type of candle. I am not sure if that is a problem or not. Anyway, the eWave is dark red, small and going back towards the zero line, we were in wave 4 and I was trying to catch wave 5.

The candles you pointed out Dave are definitely 'SEEDS' but as you described once you find the seed you then need to work out which direction to trade it. The pin bar type candles are used for reversals or bringing in your stop closer if you are already in a trade and is what Immy used for the reversal trade on EU yesterday.

I love this kind of discussion - it really makes you think more about the trade and gives a deeper understanding of the setups.

Cheers Dave (wd)
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Dave
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Re: Darren's Journal

Unread post by Dave »

Let's keep the discussion going then Darren! I've had a slow day at work and have been waiting all day for you Poms to get out of bed and start posting!!! (rofl)
Now, I choose to make a profit in trading.
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immy
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Re: Darren's Journal

Unread post by immy »

Darren

Further to the discussion in the chatroom I'd like to add this. The concept is to find VERY TIGHT bars/candles. and we need to know which pair to trade and which one to not trade. We would like to trade the ones that are moving. For that we will see how many pips it moved from lets say Frankfurt Open (Big Money enters the market). If its moving, we look for IB, small Doji, infact,for the purpose of makingit Objective, lets eliminate DOJI's. For Doji. Its not candle pattern trading system. Its a Concept that we trade with the help of this price pattern. Understanding the concept is the key here. We want to look for IB's within Swing highs and lows.

I hope it makes sense. No more DOJI's. but a DOJI IB, oh nice.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Darren
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Re: Darren's Journal

Unread post by Darren »

Cheers Immy - all makes sense!
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Darren
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Re: Darren's Journal

Unread post by Darren »

I am still learning the seed and fruit trades but I am also trading the 1 and 5 min charts during FO/LO and NYO. Here are 3 trades I took just now on the 1 min that resulted in a 3.7% account increase. :) If only everyday could be like this. ;)
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