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-   -   Understand the Game (https://www.forexfactory.com/showthread.php?t=894865)

wiserltz Mar 12, 2019 12:22am | Post# 1

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To make profit, try to Understand the Game FIRST!

See the nice weekly bull candles, and the weak bear reaction top, which way will the price going?
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wiserltz Mar 12, 2019 1:00am | Post# 2

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To make profit, try to Understand the Game FIRST! See the nice weekly bull candles, and the weak bear reaction top, which way will the price going? {image} {image}
At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow)Click to Enlarge

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Wick1,2,3 made a “supply vacuum“, and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out
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Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........

wiserltz Mar 12, 2019 1:02am | Post# 3

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During the typing, just close the short scalp, i know the target is below 1.125, but expecting some reaction around ema200
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wiserltz Mar 12, 2019 3:04am | Post# 4

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{quote} At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow){image} Wick1,2,3 made a “supply vacuum“, and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out {image} Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........
50 pips short if i brave enough to short daliy top
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Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115
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By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........
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wiserltz Mar 12, 2019 3:17am | Post# 5

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{quote} 50 pips short if i brave enough to short daliy top {image} Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115 {image} By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........ {image}
Bing, this the real thing Smart Money want to do.........
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wiserltz Mar 12, 2019 3:20am | Post# 6

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{quote} Bing, this the real thing Smart Money want to do......... {image}
Same level, same trick second time
More, since bull were defeated 2 times, changed to bear trend
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wiserltz Mar 12, 2019 3:44am | Post# 7

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Close the long
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wiserltz Mar 12, 2019 5:18am | Post# 8

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Counter trend short
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wiserltz Mar 12, 2019 5:23am | Post# 9

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Early closed Demo trade EA, simple question is take the risk or not
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hapanoy Mar 12, 2019 5:30am | Post# 10

Hi wiserltz...

Thanks for sharing your strategy.

Could share the indicators and EA...

wiserltz Mar 12, 2019 5:37am | Post# 11

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Hi wiserltz... Thanks for sharing your strategy. Could share the indicators and EA...
There is no EA at all. Only the chart slideshow for the latest post
chart slideshow.ex4

dicojoxaftr Mar 12, 2019 6:50am | Post# 12

i don't think that someone really understand the game will pass his time in here

wiserltz Mar 12, 2019 6:53am | Post# 13

i don't think that someone really understand the game will pass his time in here
At least we know we can't understand the whole picture, than to believe some "100% hit rate" shit

wiserltz Mar 12, 2019 7:52am | Post# 14

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Kind of Ken's textbook analysis
Edit:typo should be DC
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JosepeMilo Mar 12, 2019 2:12pm | Post# 15

nice chart. i love it. very beautiful chart.

iLl3CK Mar 12, 2019 3:09pm | Post# 16

nice chart. i love it. very beautiful chart.
agree. the color scheme looks very pretty.

prettiest i've seen yet. i use tradingview because i find MT4 looks very dated but his charts look very modern.

wiserltz Mar 12, 2019 10:31pm | Post# 17

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EA missed that, nice accumulate before the breakout, even better with only 7 pips SL
Previous 2 shorts gave 30pips
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wiserltz Mar 12, 2019 10:41pm | Post# 18

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Posts taken from other thread.
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wiserltz Mar 12, 2019 10:46pm | Post# 19

Posts taken from other thread. {image}{image}{image}{image}
IMO, focus on PA, don't guess activity of other participants(Market Maker, institution or retailers).

Don't expect market or News do anything for you! Never think you're smarter than the market!

wiserltz Mar 13, 2019 3:54am | Post# 20

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Some of Balhana method almost forget
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