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Attachments: SRTLfd Discussion
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SRTLfd Discussion

  • Post #881
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  • Edited 11:30pm May 26, 2023 11:20pm | Edited 11:30pm
looks to me next week is the w1 low dol (d1 equal lows)
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ITB - Orderliness amongst 'Randomness'
Quoting T721
{quote} Some weekend reading for you pal {image} {image} {image} {image}

good introductory stuff to price action trading, however thats all a rehash of richard wyckoffs stuff from the early 1900's LOL

if one learns those pdf's and wyckoff plus jesse livermores techniques wont you need indicators...livermore wrote a couple books one is free online
Wyckoff implemented his methods of technical analysis of the financial markets (the study of charts showing movements of stock-prices and other data). He grew his wealth such that he eventually owned nine and a half acres and a mansion next door to the Hamptons estate of General Motors president Alfred Sloan in Great Neck, New York.

him and livermore the smartest guys ever trading...pretty much everyone else from their day till now especially the stupid CNBC pundits which cramer is the biggest fool just used inside information to trade...i stopped watching cnbc over 10 years ago when cramer got his show...that channel will rot your brain LOL
EUR/USD is bearish. The weekly chart is bearish, daily as well, as is the 4hr. just my take, may see a bounce in the short term but overall bearish. please don't take this as trading advice. I am a newbie and I am wrong more than I am right.
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without patience how can you be a trader?
Quoting Steverino832
EUR/USD is bearish. Weekly chart bearish, daily as well, as the 4hr. just my take, may see a bounce in the short term but overall bearish. please don't take this as trading advice. I am a newbie and I am wrong more than I am right.{image}{image}{image}
Three Black Crows
eu
each time frame has its own story to tell.
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ITB - Orderliness amongst 'Randomness'
Quoting Inthebox
eu each time frame has its own story to tell. {image}
what are bb and ob?
your charts is much clearer and cleaner
without patience how can you be a trader?
Quoting Steverino832
{quote} what are bb and ob? your charts is much clearer and cleaner
these are ict concepts which can be found in youtube.
bb = breaker block
ob = order block
ITB - Orderliness amongst 'Randomness'
my favorite QM with 3rd touch of trend line.
ltf engulf within htf engulf.
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ITB - Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} these are ict concepts which can be found in youtube. bb = breaker block ob = order block
thank you!
without patience how can you be a trader?
Quoting Inthebox
my favorite QM with 3rd touch of trend line. ltf engulf within htf engulf. {image} {image}
that Entry was killer!
without patience how can you be a trader?
Quoting Steverino832
{quote} that Entry was killer!
it is the exit of a trade that can result either in a profit or a loss.
ITB - Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} it is the exit of a trade that can result either in a profit or a loss.
the whole trade was killer!
without patience how can you be a trader?
for some who just unable to spot QM, the SRTL worked equally well in this case.
notice that at the bottom, there was a qm bounce.
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ITB - Orderliness amongst 'Randomness'
Quoting Inthebox
for some who just unable to spot QM, the SRTL worked equally well in this case. notice that at the bottom, there was a qm bounce. {image}
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is this the same trade? if so are my trend lines right?
without patience how can you be a trader?
Quoting Steverino832
{quote} {image} is this the same trade? if so are my tls right?
Yes ok
ITB - Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} Yes ok
thank you!
without patience how can you be a trader?
Quoting Inthebox
for some who just unable to spot QM, the SRTL worked equally well in this case. notice that at the bottom, there was a qm bounce. {image}
like you said in an older post you have to trade what you see
I can see SNR ok and gaps but Qm I can't see it to save my life lol
without patience how can you be a trader?
Quoting Inthebox
{quote} it is the exit of a trade that can result either in a profit or a loss.
We need to focus more on exit and Risk management, to remain profitable in the long run. often, our focus gets diverted to entry only.
Always learning
All the JPY pairs, sitting at the MULTIYEAR HIGH area. Even though the chart looks extremely bullish regardless of the TF, next week may present a U-Turn scenario. MY reasons (possible) are:

  1. END of month profit taking
  2. New month rollover and position taking ( false break)
  3. US debt ceiling situation
  4. We haven't seen any sort of significant intervention either by the Federal Reserve or BOJ in the recent UP move. So, it's due to happen.

JPY

Always learning
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