• Solomon Jackson II and Profile picture of Gabriel OdediranGabriel Odediran are now friends 4 years ago

    • Thanks for adding me @solomon-jackson-ii. Much appreciated mate :). Have you been trading long? Feel like my trading is going to blowup this trading year with this community. Looking forward to sharing trade ideas, knowledge and concepts with you and the community.

      • No problem. Thank you for accepting. I have been learning to trade for the last three years. My first teacher, I just couldn’t grasp her concept. I have a new teacher, and he is teaching me Top Down Analysis. Which I am able to grasp. I have to become more confident in my analysis of the market. I tend to over-complicate it. How long have you been trading?

        • Been learning for about 7 years or so (I started with learning about Options trading thanks to my brother who is a Risk Analyst), live trades started in 2013 (negative P&L lol) and then I came across these guys via a video I saw on Youtube of Jason Stapleton trading. It’s been a wonderful change to my entire trading mindset, approach and progress (negative P&L moving towards that positive arena 😀 but still working on it). Your road bumps are very normal (not that you need me to tell you) on this journey and I’m glad you’re finding an approach and concept you can grasp. Your confidence in analysis will become quite fluid as you go through the back-testing. I love it though it can become quite repetitive but the boost to your morale, confidence and expectancy/success rate will be phenomenal especially when you can see the proof in your records. Once you tie it into a trading plan then sky’s the limit mate. You will approach the markets with some fear and apprehension on each trade at first but that’s normal-it will take action to do away with the bad habits, psychology and education. Once you approach the markets with the same consistent approach (rules based, trading plan instructed, back-testing verified approach), knowing your risk to reward, entry and targets before you get involved, even when you lose and you will the impact will not be as drastic as it used to be and then like a light bulb moment everything we learn from these guys will start to fit. Sorry about the long speech. As you can probably tell I’m stoked about trading now. I think everyone should learn it :D. Anyways if there’s anyway I can be of help, please let me know 🙂

          • I truly appreciate your help, and trust me I will be reaching and picking your brain. If I may ask a question which has something to do with today’s video. When Akil was talking about IPDE, I was a little confused on the prediction part. How do you predict the possible next move? I took a demo trade on I read it wrong, so now with the new information from today, I see why i was wrong. Can I send you a chart for you to look at to see if prediction of where I think it will go is correct, and I would i enter it if it is.

            • Please do send me the chart and I would be more than happy to share any insight I might have. As for how to predict where you think market will go next, it really boils down to using the foundation knowledge we have learnt on structure analysis, reading price action, identifying trends… So say we Identify that price has broken (that is to say pushed past AND closed below) a previous outside return, then based on our understanding of price action, we can safely Predict to a degree (we always allow a margin of uncertainty as market does what it wants) that price is likely to continue lower (i.e. L3C plus ISL/NSL = continued bearish momentum). I like to see ISL/NSL/Break of structure as market sentiment giving indication/confirmation of the direction it intends to go otherwise in this bearish scenario example the bulls would have won and pushed price back above the low to hold that level. I hope this helps and hopefully haven’t confused you or complicated things more. You will get it in time just work on understanding the fundamental principles of reading a chart and it will begin to make sense. In any case, send me the chart and I’ll get back to you with my thoughts and please feel free to ask if there is anything i can be of help with 🙂
              Good luck with your trading. I know this will become quite rudimentary to you soon enough and please keep up with the back-testing it helps in so many ways and is really one of the most important elements of building you into a consistently profitable trader.

            • Can you show me an example of what you stated, as I am a visual learner. Thank you

            • Here the chart that I gave done.

              https://www.tradingview.com/x/fDg8v3he/

    • https://www.tradingview.com/x/fDg8v3he/

      Heresthe chart. I drew an arrow to where I think that it may go.
      I truly appreciate your help. This will help me to be a professional profitable trader.

      • Sorry for the delayed response. Here’s a rudimentary chart of how I understand the IPDE process , in particular the P.D phase https://uk.tradingview.com/x/fWi8xNSa/ So In the chart we Identified that price was in a bullish trend (the Major trend), Price then put in a series of retracements that formed a Minor trend. This is minor in that while price has not achieved our three point bearish move (break of red OR, price retraces establishing an ISL, price then falls again and violates the ISL establishing the bearish OR, setting up an NSL and confirming trend reversal from bullish to bearish ), we basically have a smaller bearish trend within the context of the prevailing Major trend so in essence we are still technically bullish. When price comes down into the most recent OR (red) of our bullish trend and does not close below it, we can predict that price should retrace up from here and could likely resume it’s bullish momentum. However, once price closes below the OR which is by the way our previous structure low, we switch from a bullish anticipation to a bearish one as market has now indicated an interest in further downside movement. This is how the IF THEN process helps in helping us determine how to get involved in a trade, combined obviously with other filters and information (DTs, DBs, Support, Resistance, Structure, Indicators…).
        Hope this is of help and clarifies things a little. Let me know if this has confused you in anyway. The feedback would be immensely appreciated.

        • This helps so much. The visual aid make it easier for me to see what you are saying. can you explain what DT’s and what DB’s are. I have been told to use moving averages for indicator 50ma, 50ema, and 200ma. I love this, this is going to be awesome. Being able to converse with traders around the world, being a part of the large but small community. We will have to stay in touch throughout this journey

      • Looking at your chart, I would agree with your prediction that price is likely to continue lower. So the next question you have to ask yourself is “If price is predicted to go lower, how is it likely to accomplish this”? Again previous structure can give you a clue as to where price is likely to go. I’ve tried to duplicate you chart to show you how I’m looking at it and give you an idea about the decide portion of your analysis. I don’t understand the basis of your fibs so I haven’t addressed https://uk.tradingview.com/x/BmbDblNF/ (it’s always a good idea to zoom out to get a better sense of structure and what price is doing but not too much. If you need to zoom out too far then you’d be better of moving up a time frame).
        Again I hope this helps and I haven’t confused you any. Please let me know if I have. Thanks 🙂

        • Gabriel this helps tremendously. I so appreciate you taking the time to assist me in becoming a better trader. I do have a question pertaining to a statement you have made. Fibs, did I not use it correctly? if I did not how would you advise me on using it?

          • Sorry again for the late response @solomon-jackson-ii What I meant was I wasn’t sure what you were trying to measure with the fibs so I couldn’t give an opinion on the correctness of your placement. The one thing I can say is that the placement of your fib start and end points distorts the intended ratio calculations. In simple terms you should be measuring from an established swing high to an established swing low for an anticipated bullish move or from an established swing low to an established swing high for an anticipated bearish move. Your fib start and end points seem arbitrary and this is only based on the fact that your 100% is not aligned with an established swing high. As for the 0.00% I do not wish to presume if this where you intended it to be but it also does not align with an established swing low.
            Hope this helps.

            • Good morning.
              Its never a late response. I am still trying to learn proper placement of the Fibs, so it could have been and probably was not properly placed. I intend to do some more studying on proper placement.