|
|
Post by traderAllen on Jan 24, 2015 11:29:15 GMT -5
|
|
|
|
Post by fxoutlier on Jan 24, 2015 13:30:32 GMT -5
Excellent training video to get my microscope out on.
Was there any significance to trading of having the replay 101 screen on show?
I think you've mentioned it before somewhere but how is your T & S set up? The numbers are all set to 1 and the screen is blue and white whilst mine has various large numbers coming up and the screen often turns green or red as well as blue and white.
If the bullish move hadn't broken out of a block at the LOD and was more of a V would that have influenced you in anyway on taking a long position?
If the same bullish move hadn't cleared the last LH and had either made a DT with it or another slightly LH would that have negated any longs until a HH was made?
In each case you entered on a break rather than a candle close, can you remind me of when the close entry is used?
When you talk about OOD are you referring to the US close and Asian open at 17.00 NY (22.00 uk)? And if you were trading in the US session would you consider the OOD as another time?
Thanks for this video and again for that really useful chart you posted the other day. Great training material.
|
|
|
|
Post by traderAllen on Jan 24, 2015 14:13:37 GMT -5
The replay 101 screen you are referring to is the dynamic Superdome, and yes there is some importance to first being because the markets tend to move quickly and you need to make adjustments quickly having the DOM nearby is handy, it allows me to pick one ATM strategy from chart trader and have a backup ATM strategy selected on the DOM in case I decide the tone of the market has changed I may have one ATM set up as 369 where the other one may be the 10 pip ATM or news ATM. Also if the market is moving fast and I want to manual trail my stop it is easier for me to do that using the DOM.
The time and sales colors show up the way they do in this video because it's market replay data feed same without the trade sizes are all one.
The large bullish move from the low of the day tips me off that the tone of the market may be changing, something I learned from Tim Lucarelli is the tone of the market will change before the trend.
If you're learning the FPAS the entries are usually taken not on the breakout bar but a trade higher or lower than the breakout bar is your actual entry. This is where I slightly differ from FPAS in that I'm constantly watching the order flow and if I see the orders coming in I don't hesitate.
The opening of the day is the same for everyone although your time zone may change the trading days begin on Sunday at 5 o'clock New York time when the New Zealand market and Australian markets open. Therefore regardless of your time zone that is shown on your chart the opening day should be set to this time. Why, because that's what the majority of traders use.
|
|
