General Trading Discussion Digest for Friday January 26, 2018

6 new threads, 2 replies and 1 library entry from 4 authors in the "General Trading Discussion" community ... Unfortunately I could not reply to discussions in the Private member group and hence this message to thank James for posting his intraday trades... [Complete Currency Trader]() [General Trading Discussion]( [Post New Message](mailto:COMPLETECURRENCYTRADER-generaltradingdiscussion@ConnectedCommunity.org) [] Jan 26, 2018 started 40 minutes ago, [Maryna MURRAY]( (0 replies) [Intraday trades James Edward]( [external link to thread view]( 1. [Unfortunately I could not reply to discussions...](#m0) Maryna MURRAY started 41 minutes ago, [Maryna MURRAY]( (0 replies) [Intraday trades James Edward]( [external link to thread view]( 2. [Unfortunately I could not reply to discussions...](#m1) Maryna MURRAY started 9 hours ago, [Clint Eastman]( (0 replies) [My 5 Step approach]( [external link to thread view]( 3. [I have had several ask about my approach and or...](#m2) Clint Eastman started 12 hours ago, [Linda lalande Lalande]( (0 replies) [Photo request]( [external link to thread view]( 4. [Download AttachmentAvailable until Feb 25, 2018 <](#m3) Linda lalande Lalande started 13 hours ago, [Linda lalande Lalande]( (0 replies) [Interpretation]( [external link to thread view]( 5. [What is AFA I A Oander, is this part of Oander...](#m4) Linda lalande Lalande started 21 hours ago, [Clint Eastman]( (0 replies) [Trade setup on the GBP/USD]( [external link to thread view]( 6. [A nice setup on the GBP/USD the hour leading up...](#m5) [post has attachment] Clint Eastman started yesterday, [Danijel Gajin]( (7 replies) [Spread vs Commision]( [external link to thread view]( 7. [​Again, Traders Way returns to the top of the...](#m6) Jim - 8. [Great to hear you are happy with Tradersway as I...](#m7) Maryna MURRAY [] [top](#toca) [next](#m1) 1. [Intraday trades James Edward]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_9d4d3227-37e4-4312-b91f-cc80d5fa091f@ConnectedCommunity.org?subject=Re: Intraday trades James Edward) [Reply to Sender]( [Maryna MURRAY]( Jan 26, 2018 11:31 PM [Maryna MURRAY]( Unfortunately I could not reply to discussions in the Private member group and hence this message to thank James for posting his intraday trades last week. Very informative to see the patience and discipline used by James before entering trades and his analysis. Also great to see James using CCT products only! Thank you. ------------------------------ Maryna MURRAY ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m0) [next](#m2) 2. [Intraday trades James Edward]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_785cb243-35e4-489f-8021-c93241cfaba0@ConnectedCommunity.org?subject=Re: Intraday trades James Edward) [Reply to Sender]( [Maryna MURRAY]( Jan 26, 2018 11:30 PM [Maryna MURRAY]( Unfortunately I could not reply to discussions in the Private member group and hence this message to thank James for posting his intraday trades last week. Very informative to see the patience and discipline used by James before entering trades and his analysis. Also great to see James using CCT products only! Thank you. ------------------------------ Maryna MURRAY ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m1) [next](#m3) 3. [My 5 Step approach]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_d2de6b89-5f4f-4a86-a8c0-f63dcbcb8ca8@ConnectedCommunity.org?subject=Re: My 5 Step approach) [Reply to Sender]( [Clint Eastman]( Jan 26, 2018 2:57 PM [Clint Eastman]( I have had several ask about my approach and or Trading Plan as it relates to Currency Strength Analysis (CSA) and the CCT Forum. I had answered a question earlier on another site and copied it below. I believe it is also in the CCT Forum Archives somewhere, but I could not find it. I agree that a written trading plan with risk management is a must. I have used the same method for Forex trading since 1996, when I added it as an Asset class to my overall trading plan. I use a 5 step method and as soon as I enter the trade, I am no longer a trader, I shift my mindset to that of a Risk Manager until trade closes at target or stop. 1.) I begin with Fundamental Analysis by checking all news and Economic calendar. 2.) I use Currency Strength Analysis (CSA) to see what individual currencies are strong and/or weak across the board, then pair them up as an optimal pairing. 3.) Volume Price Analysis (VPA) as Volume and Price are the only activity that is not by definition a lagging indicator. 4.) Volume Spread Analysis (VSA) is as old as the Wyckoff method and used to evaluate the volatility of the momentum or breakout trade, by looking at the High/Low range of candle and spread gap between Bid and Ask. 5.) Time Price Opportunity/Cycle (TPO) adds a third dimension to my charts and previous 4 steps. X axis is the timeline, Y axis is the price, and Z axis is depth of volume and the anticipated wave length and time to preform the trade through fruition of profit. This is the methodology I use and teach for over 30 years now, hope that helps others here on the CCT Forum. My screenshots are of the CCT Dashboard with my longer term settings, alongside another Dashboard that measures the same CSA and Currency flow a little differently than the CCT method, and NOFT indicators on a NinjaTrader platform. I execute many of my trades on an MTI software known as SmartTrader with a Matrix or Grid trade entry tool. Clint Eastman ------------------------------ Clint Eastman Funds Manager North & South America ECNdmoney@gmail.com ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m2) [next](#m4) 4. [Photo request]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_87bb48d8-2db7-4e39-89f7-5a137db99016@ConnectedCommunity.org?subject=Re: Photo request) [Reply to Sender]( [Linda lalande Lalande]( Jan 26, 2018 11:44 AM [Linda lalande Lalande]( [Download Attachment Available until Feb 25, 2018]( [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m3) [next](#m5) 5. [Interpretation]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3392add9-257f-444e-a5b0-386f04af5733@ConnectedCommunity.org?subject=Re: Interpretation) [Reply to Sender]( [Linda lalande Lalande]( Jan 26, 2018 10:46 AM [Linda lalande Lalande]( What is AFA I A Oander, is this part of Oander or a totally different company. Sent from my iPhone [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m4) [next](#m6) 6. [Trade setup on the GBP/USD]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3bae4a36-f762-42c6-900d-833a7170a731@ConnectedCommunity.org?subject=Re: Trade setup on the GBP/USD) [Reply to Sender]( [Clint Eastman]( Jan 26, 2018 3:06 AM | [attachment][view attached]( [Clint Eastman]( A nice setup on the GBP/USD the hour leading up to the London open. I noticed the USD weakness and the continued strength of the GBP, triggered an alarm as the CSI of the two currencies continued to diverge. Upon receiving the alert, I placed a BUY to open @ 1.4230 with a 25 pip target taking on additional trades on a Grid entry. The trade hit my target of 1.4255 on 4 additional entries every 5 pips for a Net profit of 75 pips. ​See the screenshots below. ------------------------------ Clint Eastman Funds Manager North & South America ECNdmoney@gmail.com ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m5) [next](#m7) 7. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_4b13b19e-f6dd-41d5-80af-7fc1b9931ebb@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Jim -]( Jan 26, 2018 2:13 AM [Jim -]( ​Again, Traders Way returns to the top of the list of good ECN Brokers. They have several choices in how you can trade and with Commission + spread. They will sometimes have a Bonus structure for Deposits made, usually, around holiday periods, to encourage trading since those time periods usually experience a slow down in trading. They don't trade against you, either. Additionally, especially if you are new to trading you HAVE TO USE a Demo account to train yourself in following rules. Otherwise, you can pretty much guarantee you will lose, there are RARE exceptions though, as there always are. But, as a rule you will start trading with emotion and THAT is extremely problematic! I'm not going into detail here because that would take up way too much time. Just let me say this...Last year I started trading and playing poker with emotion which had not happened for several years (poker and trading psychology are VERY similar) and was having a lot of poor results. Previous years I was disengaged from my emotions when I sat down at the table or computer and had fabulous results. As a newbie, you WILL trade with real money with emotion because you are seeing your hard-earned money going down the toilet or through the roof and depression or euphoria will creep into your trades and you will make poor decisions. Human Nature. UNTIL you learn to disassociate from the trade as money and think of pips as a way to keep score or at the poker table with the chips (money) as a way to keep score. Then winning trading becomes a habit because you follow the statistical / probability rules and emotion doesn't enter into your thinking since emotion will cause you to abandon those rules. Also, last thing. When you go from Demo to LIVE trading you will see fewer winning trades than you saw in a DEMO account for a number of reasons which is why it is imperative that you get really good at following your rules and strategy extremely well. Don't worry about how long it takes to become profitable in your DEMO account before going LIVE because you are trying to become consistent at following the rules which in a way is proving to yourself that you can triple your demo account before going live, some would say double your account, but I have seen that it usually takes a tripling of the account size before someone BEGINS to trade without emotion. Lastly, open a DEMO account with ONLY the amount of PLAY money you will be opening a LIVE account with because trading a $50K account is totally different than trading a $1K account. AND, psychology is part of that difference, too! ------------------------------ Jim - ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 09:05 From: Danijel Gajin Subject: Spread vs Commision Hi James, thank you for quick respond and of course thanks everyone who post some answers. I do have a broker now that has spread only and no commission . But i think also that the are playing against me. They put me out from the positions, wide spreads and i am losing a lot with them. I had a broker before that charge me a commission without spread and it was all fine. I paid the commission but i do stay in the position that trade goes in the right direction. I thought i was wrong about my broker working against my odds but i am confident that sometimes they work against me especially when i am trading lower time frames and scalping the markets. I have tight stops and they put me out of the trade a lot of times because they put the spread wider then it was . Thank you for the answer and now i know that i was right about them. ------------------------------ Danijel Gajin ------------------------------ Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m6) 8. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3ebf7a69-f57e-45b9-950a-3e686e47e1f9@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Maryna MURRAY]( Jan 26, 2018 2:45 AM [Maryna MURRAY]( Great to hear you are happy with Tradersway as I recommended them on this site a while back. I know one of the owners and will also give him this positive feedback. ------------------------------ Maryna MURRAY ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-26-2018 02:13 From: Jim - Subject: Spread vs Commision ​Again, Traders Way returns to the top of the list of good ECN Brokers. They have several choices in how you can trade and with Commission + spread. They will sometimes have a Bonus structure for Deposits made, usually, around holiday periods, to encourage trading since those time periods usually experience a slow down in trading. They don't trade against you, either. Additionally, especially if you are new to trading you HAVE TO USE a Demo account to train yourself in following rules. Otherwise, you can pretty much guarantee you will lose, there are RARE exceptions though, as there always are. But, as a rule you will start trading with emotion and THAT is extremely problematic! I'm not going into detail here because that would take up way too much time. Just let me say this...Last year I started trading and playing poker with emotion which had not happened for several years (poker and trading psychology are VERY similar) and was having a lot of poor results. Previous years I was disengaged from my emotions when I sat down at the table or computer and had fabulous results. As a newbie, you WILL trade with real money with emotion because you are seeing your hard-earned money going down the toilet or through the roof and depression or euphoria will creep into your trades and you will make poor decisions. Human Nature. UNTIL you learn to disassociate from the trade as money and think of pips as a way to keep score or at the poker table with the chips (money) as a way to keep score. Then winning trading becomes a habit because you follow the statistical / probability rules and emotion doesn't enter into your thinking since emotion will cause you to abandon those rules. Also, last thing. When you go from Demo to LIVE trading you will see fewer winning trades than you saw in a DEMO account for a number of reasons which is why it is imperative that you get really good at following your rules and strategy extremely well. Don't worry about how long it takes to become profitable in your DEMO account before going LIVE because you are trying to become consistent at following the rules which in a way is proving to yourself that you can triple your demo account before going live, some would say double your account, but I have seen that it usually takes a tripling of the account size before someone BEGINS to trade without emotion. Lastly, open a DEMO account with ONLY the amount of PLAY money you will be opening a LIVE account with because trading a $50K account is totally different than trading a $1K account. AND, psychology is part of that difference, too! ------------------------------ Jim - ------------------------------ Original Message: Sent: 01-25-2018 09:05 From: Danijel Gajin Subject: Spread vs Commision Hi James, thank you for quick respond and of course thanks everyone who post some answers. I do have a broker now that has spread only and no commission . But i think also that the are playing against me. They put me out from the positions, wide spreads and i am losing a lot with them. I had a broker before that charge me a commission without spread and it was all fine. I paid the commission but i do stay in the position that trade goes in the right direction. I thought i was wrong about my broker working against my odds but i am confident that sometimes they work against me especially when i am trading lower time frames and scalping the markets. I have tight stops and they put me out of the trade a lot of times because they put the spread wider then it was . Thank you for the answer and now i know that i was right about them. ------------------------------ Danijel Gajin Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ You are subscribed to "General Trading Discussion" as {EMAIL}. 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