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Attachments: The System III (Oh no!)
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The System III (Oh no!)

Quoting dim4ik42
Hello... not only.

I mean - I know what MOMENTUM is... What I am talking about - is I think a little more than just momentum. something like a "feeling of price".
Similar to tape reading. To be honest, don't pay attention tho that or you might go crazy! Actually on tape reading you put markers similar to S/R lines. There's no edge of time market movement. Only where price stalls or breaks is where you need to concentrate.
Peace
Quoting feb2865
Similar to tape reading. To be honest, don't pay attention tho that or you might go crazy! Actually on tape reading you put markers similar to S/R lines. There's no edge of time market movement. Only where price stalls or breaks is where you need to concentrate.

Oh! Thank you brother!

So - what I did write at that my long post is something what I have not to pay attantion ("price feeling"), or I might go crazy... Ok! Thank you... So - I just have to think about this a little more simple.

I am sorry, but I did not get your words "There's no edge of time market movement." May be because of language thing or... Please, can you, if I do not bother you too much, explain these words.


Again - to try "to feel" the price is something not worth it, if I get it right.
If I get right your words - "Only where price stalls or breaks is where you need to concentrate." - is right about where price stalls around the level, "looking what direction to chose", and then is breaking to either - breaking-level side, or rejection-level side.


Thank You for your help, your wisdom!

Dima
Quoting feb2865
... Only where price stalls or breaks is where you need to concentrate.

I attached the picture, where I did show how I understand these words...


the blue box - is like a stalling at the level (there are some almost equally bars), and the white line is possible entery order at breaking that stalling to the down side. And in result we have - rejection off the level. Right?



Thank You!
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hello world, is intraday swing range is 30-40 pips for the majors still valid? rgds/Kev
a quick report to my mentor - fabolous feb for the paradigm shift yet simple trading.

tried a bigger lot.

3 position.

lost on GBPUSD - it crosses the 5865 resistant but i closed on loss then it went back up! (-20)

USDJPY - short after it broke 81.25 for a quick 20 pip.

and the win of the day is....

EUROUSD - broke the 3850 for an outstanding 45 pip!

Quoting dim4ik42
Oh! Thank you brother!

So - what I did write at that my long post is something what I have not to pay attantion ("price feeling"), or I might go crazy... Ok! Thank you... So - I just have to think about this a little more simple.

I am sorry, but I did not get your words "There's no edge of time market movement." May be because of language thing or......
yes dim, i second feb advise.

if u follow the so called "guts feeling" or "intuition", u may get the "early exit or entry syndrome" (which i still have a little).

its all about waiting for the price to breakout and pounce. be mechanical when entering a position.

i remember reading somewhere - "trading is a fight of fear and greed".

honour the system, honour the SL and honour the TP.

its hard, even im doing quite ok now, the fear and greed is still there.

always follow ur MM!
Quoting freqzz
yes dim, i second feb advise.

if u follow the so called "guts feeling" or "intuition", u may get the "early exit or entry syndrome" (which i still have a little).

its all about waiting for the price to breakout and pounce. be mechanical when entering a position.

i remember reading somewhere - "trading is a fight of fear and greed".

honour the system, honour the SL and honour the TP.

its hard, even im doing quite ok now, the fear and greed is still there.

always follow ur MM!
Ok! thank you so much for advices!!!

You know - like almost everyone around here I am still learning about good trading (read - trading as it is). So - from time to time I still do a little reseach to understand better what I have to understand etc... But this is not for complications, but for clarification and grasping concept.
Quoting freqzz
...
its all about waiting for the price to breakout and pounce. be mechanical when entering a position. ...

My friend.... can you please, if you can, post some charts with illustration of these words, some examples please...


Thank you!
Quoting freqzz
yes dim, i second feb advise.

if u follow the so called "guts feeling" or "intuition", u may get the "early exit or entry syndrome" (which i still have a little).

its all about waiting for the price to breakout and pounce. be mechanical when entering a position.

i remember reading somewhere - "trading is a fight of fear and greed".

honour the system, honour the SL and honour the TP.

its hard, even im doing quite ok now, the fear and greed is still there.

always follow ur MM!
I agree!!!

I've been trading tape for ages. There certain "gut feeling" you have when reading tape. Still is not the base for trading . You must act upon your signal and then let the market do whatever. Remember, trading is all about possibilities. Nobody knows the outcome of a trade.
Peace
Quoting feb2865
I agree!!!

I've been trading tape for ages. There certain "gut feeling" you have when reading tape. Still is not the base for trading . You must act upon your signal and then let the market do whatever. Remember, trading is all about possibilities. Nobody knows the outcome of a trade.

Dear Feb!

Please, this your words - "Only where price stalls or breaks is where you need to concentrate." Do I right understand them by showing it at the chart attached to the post above (the chart with blue box)????


Thank You!
Quoting dim4ik42
Dear Feb!

Please, this your words - "Only where price stalls or breaks is where you need to concentrate." Do I right understand them by showing it at the chart attached to the post above (the chart with blue box)????


Thank You!
Exactly. Like for instance, the price is bouncing or breaking 1.3780,means the market is either rejecting(bouncing) or simply breaking out of that level . If the market is bouncing off, there will be some attempts to break the level but it fails. If the markets breaks off a level, means that level is not longer cheap and the market is pricing the currency higher. That's the observation you need to know.
Peace
Quoting feb2865
Exactly. Like for instance, the price is bouncing or breaking 1.3780,means the market is either rejecting(bouncing) or simply breaking out of that level . If the market is bouncing off, there will be some attempts to break the level but it fails. If the markets breaks off a level, means that level is not longer cheap and the market is pricing the currency higher. That's the observation you need to know.

So - we have to have some zone (area), where we are watching ths price, and if price is boucing off the up level, then our short-order would be placed a little below that area, and if the price is breaking the up-level - then we place our buy-order a little above that area... ???


I attached a pict with these thoughts.
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Quoting dim4ik42
So - we have to have some zone (area), where we are watching ths price, and if price is boucing off the up level, then our short-order would be placed a little below that area, and if the price is breaking the up-level - then we place our buy-order a little above that area... ???


I attached a pict with these thoughts.
Yes. Use a reference bar/candle and place your order like a couple of pips above/below just in case..
Peace
My current long trade.

... possible target is the ellipse above.
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Quoting dim4ik42
My current long trade.

... possible target is the ellipse above.
Oh! how market is going down......

loss trade.
new trade... new battle.

Hope - I did get it everything right from Feb's advices, and now try to do it.
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Quoting dim4ik42
new trade... new battle.

Hope - I did get it everything right from Feb's advices, and now try to do it.

Did close this trade with profit manually at 3814 area... Because that is the area where the market did turn up last time.
I was thinking to go short off the level 3845 area... but it looks lke the market did not respect that level this time, and just did broke it. (I did mark possible short-area with blue box).
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anyone taking trade today?

low liquidity with high volatility since french bank is on holiday. any thoughts?
Quoting freqzz
anyone taking trade today?

low liquidity with high volatility since french bank is on holiday. any thoughts?

Hello!

I do not trade today. Wait at least for NY session open.
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