Manual Trades – 5 Secs TF
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Feeling chuffed with my performance Today … all on Lot size = 1 on DJI.
But also wanted to show that 5 sec TF’s can work … on manual trading anyway!
Maybe when we get Arrays we can achieve similar on Auto-Trades?
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Very nice work, if it’s going to be good everyday you are welcome in Italy for a good pasta dish 🙂 But you are gonna pay the dinner
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GraHal that is some great trading!
Thank you … even better yesterday!!
I would find it difficult to even say in words what I am doing to achieve the performance attached, it isn’t a defined strategy and no indicators are involved except Price Action! Oh and Fib retrace levels. Oh and Trend Lines! 🙂
I like to think that Arrays might be the game changer on the horizon … we have to live in hope!?
Well done GraHal !
I’m trying to find basic manual strategies just to learn market behaviours and for learning purpose (ie how to use and read the chart. different settings in Prorealtime and such…).
Could you maby tell more about your short TF strategy and setup? The Fib- and Trend lines , how do you plot them if not from an indicator? For Price Action, do you prefer one or more patterns?Any other input regarding manual trading is much welcome…from anybody 🙂
I also want to thank you GraHal for always being positive, it is always nice to read your comments.
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Thank You @Keewee
I’ve been trying to think how best to answer, I would in effect be writing a book! 🙂
I guess what I do is the sum total of all I have ever read, ever tried and what works for me!
But I also get bored quickly and to vary things I don’t stick to the same manual strategy. For that reason my manual strategy is not defined and I don’t keep a trading Journal … both best practices that may very well improve my performance?
Re Trend Lines … I have all the Trend Lines enabled on the PRT Platform as attached. I find it surprising how often these are respected by Price … it’s almost as if the Smart Money / Institutions are using PRT!
The PRT Trend Lines are what got me to PRT 4 years ago, I googled automatic trend lines and the rest is history! 🙂 Ha … I just tried it again and PRT is the second hit on google.
I also draw my own Trend Lines for the Trend that I am trading at that time, and I put an alert on that Trend Line … see white line and yellow arrowhead … when price crosses over the trend line, I probably would exit, but ideally even before that if I sensed a pullback earlier on etc.
I do other stuff on my PC and not glued to the screen, so alerts are sooo useful else a trade could shoot up or down and end up a loser.
Do you know how to draw a Trend Line?
More later anyway.
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No, I should actually be looking into it but I wouldn’t know where to start. I also have a lot of time with my other business. I stopped trading when they put the price up with the margins, crazy margin prices in the U.K.! i don’t take into consideration any other thing at all apart from the way in which the price moves on the chart so kind of hard to program that anyway. No idea if the market is going up or down until I place the trade either. No fixed opinion helps a lot! I do have a look at times announcements are coming out and avoid trades until it settles down again which is easy to see.
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I used to use just support/resistance lines on charts (witch can be very profitable) but after doing that a while (a number of years), you get to unconsciously watch the movements the actual price is making as it approaches these lines and after a time you will come to the conclusion that the market does this movement all day long and you can take the support and resistance lines away and just watch pure price action and make profitable trades from that on the smaller time frames. Nothing compares to the actual price, everything else is secondary so does it not make sense to forget everything else apart from price?
To me, and its just an opinion, my opinion, everything else is distraction, something to divert your attention and mine away from what you should be looking at. Hope this makes sense to people as I know most will struggle becoming consistently profitable in there trading adventures and some will lose more than they bargained for when they set out on there adventure trading just as I have.
Trading is easy when you take the smoke and mirrors away and lose those stubborn fixed opinions on market direction. Its ok to form an opinion while you trade by the second based on your observation of price at that time with your finger hovering on the mouse ready to click your deal on but to form an opinion (belief) then make all your decisions based on that belief when clearly the market has other ideas as things change so quickly I personally think is crazy. People will do ‘anything’ to prove a belief is right, even lose there complete trading capital on 1 trade (been there). So its ok to have an opinion on the spot but don’t strengthen that opinion and turn it into a belief or you will empty your account soon enough.
These are just my thoughts and no doubt everyone has there own, based on there own observations, no doubt there are some experienced and clever people in this forum who will see my thoughts clear. Just hope the message gets to at least 1 person who benefits from my experience.
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