Dave from Sydney's Journal [Awarded Title: the Box-Trader]

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Darren
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Re: Dave from Sydney's Journal

Unread post by Darren »

Lovely trades :-bd
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Hi everyone, some more nice moves this evening that I was fortunate to get on board with. Rent to start the session, not my proudest trade, I was blinded by the HTF break but the M1 entry was ugly, didn't let it clear the H1 level either, ah well, next. And there were a few good opportunities, AU, EU, but the yens were great! :D
I have guests tonight so couldn't really leave them open much longer, gave them a little chance, and I know this is an area of my trading that I can improve.
Enjoy the weekend!
Screen Shot 2014-02-21 at 7.01.35 PM.png
Screen Shot 2014-02-21 at 7.23.42 PM.png
Screen Shot 2014-02-21 at 7.24.20 PM.png
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Now, I choose to make a profit in trading.
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immy
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Re: Dave from Sydney's Journal

Unread post by immy »

Dave wrote:Hi everyone, some more nice moves this evening that I was fortunate to get on board with. Rent to start the session, not my proudest trade, I was blinded by the HTF break but the M1 entry was ugly, didn't let it clear the H1 level either, ah well, next. And there were a few good opportunities, AU, EU, but the yens were great! :D
I have guests tonight so couldn't really leave them open much longer, gave them a little chance, and I know this is an area of my trading that I can improve.
Enjoy the weekend!
Screen Shot 2014-02-21 at 7.01.35 PM.png
Screen Shot 2014-02-21 at 7.23.42 PM.png
Screen Shot 2014-02-21 at 7.24.20 PM.png

Super Trading Dave! fantastic... .you deserve a great weekend! have a good one
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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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

No trading yesterday as I have family visiting, but I enjoyed tonight:
AU, saw the overall trend as long and was aiming to catch the start of the M15 W5, not to be.
Screen Shot 2014-02-25 at 6.19.01 PM.png
UJ, love it, very happy with the way I managed the open position and patiently waited for the genuine exit signal from M5, trailed M1 after the complete W5.
Screen Shot 2014-02-25 at 7.13.47 PM.png
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Missed everything, but here's some nice pictures for future reference
Screen Shot 2014-02-27 at 7.05.42 PM.png
Screen Shot 2014-02-27 at 7.06.00 PM.png
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

A nice start to the new week. A little disappointed to see the profit of the initial position dissolve but I stand by my decision to both let it run, but then also to move the stop loss after the retest of the M5 and M15 levels.
Screen Shot 2014-03-03 at 6.36.52 PM.png
And then the cracking setups of the evening that I didn't take. Sometimes it's great to say "I'm done" after hitting a nice trade early. Sometimes you can miss out on a bit extra. This time I missed out, but no worries :D Cya tomorrow
Screen Shot 2014-03-03 at 7.08.55 PM.png
Screen Shot 2014-03-03 at 7.07.25 PM.png
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immy
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Re: Dave from Sydney's Journal

Unread post by immy »

Dave wrote:A nice start to the new week. A little disappointed to see the profit of the initial position dissolve but I stand by my decision to both let it run, but then also to move the stop loss after the retest of the M5 and M15 levels.
Screen Shot 2014-03-03 at 6.36.52 PM.png
And then the cracking setups of the evening that I didn't take. Sometimes it's great to say "I'm done" after hitting a nice trade early. Sometimes you can miss out on a bit extra. This time I missed out, but no worries :D Cya tomorrow
Screen Shot 2014-03-03 at 7.08.55 PM.png
Screen Shot 2014-03-03 at 7.07.25 PM.png
Excellent Setup on EU m1. I missed it oh well! Mind was a bit too slow this am! but I love such pictures... thanks for posting.
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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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

Unfortunately I didn't take this trade, it went off before Euro Open, but this is price action I just love.
- M5 breaks and makes a lower low,
- M5 retraces and gives the correct candle formation to form a new AIMS level,
- The new M5 level corresponds with the turn of M1 and an S1.
Simply perfect!
Screen Shot 2014-03-07 at 5.59.53 PM.png
Edit: And here it is again, albeit this time on the DAX....
Screen Shot 2014-03-07 at 7.32.57 PM.png
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Dave
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Re: Dave from Sydney's Journal

Unread post by Dave »

This is a quick question for anyone with some coding skills.....

Simplified version, but.... If I am comparing an M1 candle with an M5 candle, and I want to know if the high of the most recent M1 candle ( High ) is greater than the high of the most recently closed M5 candle, given that the M1 candle will most often close while the M5 candle is still open, do I refer to or [i+1] for M5?

In other words, if M1 checks M5 , will it check the most recently closed M5 candle or will it refer to the M5 candle that is still open?

Thanks in advance!
Now, I choose to make a profit in trading.
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Darren
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Re: Dave from Sydney's Journal

Unread post by Darren »

Dave wrote:This is a quick question for anyone with some coding skills.....

Simplified version, but.... If I am comparing an M1 candle with an M5 candle, and I want to know if the high of the most recent M1 candle ( High ) is greater than the high of the most recently closed M5 candle, given that the M1 candle will most often close while the M5 candle is still open, do I refer to or [i+1] for M5?

In other words, if M1 checks M5 , will it check the most recently closed M5 candle or will it refer to the M5 candle that is still open?

Thanks in advance!


Hi Dave,

I may have misunderstood what you are asking but as far as I am aware the current bar is index 0 so if you want the most recently closed M5 candle it would be index 1. For example, if you declare that i=0 as in your example then i+1 would be the most recently closed M5 candle.

I am certainly not the best MT4 coder though!

Cheers.
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