by the way could be this be interpreted as a short covering rallies? or the price structure which start from us pit session as a long liquidation break?
thank's
thank's
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Dislikedby the way could be this be interpreted as a short covering rallies? or the price structure which start from us pit session as a long liquidation break?
thank'sIgnored
Dislikedi toked, unfortunately a short based on P formation after it breached and confirmed VAL and we have some anomalies under but it sems there are gonna be filled later(see the charts from my previous 2 post for a better picture), i had very low risk because we were not in a strong reference point area. after some missed good opportunities i had to take a bad trade, that's me...
now it seems market continues in one time framing, but i really didn't find a strong reason to enter. it breached yesterday high and fill the excess. i'm looking for signs...Ignored
DislikedLiquidation break (that got rid of all those weak latent longs)- during the first 8 period after the NY pit session opens, u have a b formation. There was a balance session prior to Tokyo opens....
http://img695.imageshack.us/img695/4...3oct271326.gif
Uploaded with ImageShack.usIgnored
Dislikedk, so if we will had recognized the long liquidation break and saw after the lack of sellers at the start of the asian session, we will avoid to take the excess formed after the break of yesterday high? because we have 2 opportunities to got short bot proved to be wrong, the auction came back and auction higher on low volume after every failure...on weekly view we finally extended with some success the initial range and seems initiation buyers are stronger then responsive selleresIgnored
DislikedWell let me put it this way. I am sure u have been aware of the bracketing nature EU pass 2 weeks or so. LLB footprints are over the place as essentially EU is accumulating. As JD puts it, LLB reverses the prior long position by liquidating rapidly, usually. It strengthen the market because it removes potential sellers as it clears out weak longs.
In addition one characteristics of LLB is that the rally after LLB also reverses price back into where it started. Eventually “a market has to break before it can rally” as he puts it.
Today's Tokyo...Ignored
Dislikedseems i'm not mature enough yet as a trader and can't see the main picture clearly. if you didn't entered in asia at base, would you consider a potential entry after it retakes yesterday high after initial failure? seems pretty aggressive though...
thanksfor you answer...Ignored
DislikedTest of VAH got me interested in the early session. A was my first entry till Frankfurt & reduce all exposure after it retake the high but notice the price movement was rather cautions or rather lack of momentum that seems to suggest market not interested to move things down yet even after UK opens, which in fact reverse off the high X (see chart).
I took my 2nd trade on B after the market resumes OTF again. It was a set & forget trade as i don't have screen time there after. It was a good day as my target was a FIB base projected target to 4150.
http://img153.imageshack.us/img153/2...4oct280256.gif
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Dislikedvery nice, you took more pips yesterday then most of the traders i know...
2 questions:
-> every time after market retraced you took as a reference the tpo bar where market failed to auction lower, you let one more tpo bar to see if the price is accepted and then you entered at the end of the first tpo bar where you saw market is not interested to auction lower then the high of reference bar, right? why the high, why not just not to make a lower low or close in the middle?
-> the area of action was at yesterday high, weeks high and just a bit above...Ignored
DislikedMy earlier trade was scratch pity as I can't monitor it as i have to set & forget.
The following trade was taken in view of market inventory adjustment back into control of the TK/UK balance (at the very least). Market order place on the open price of NY or just seconds after it opens.
Exposure reduce on 1st target to VAH of TK/UK profile. Initial risk was 11p.
http://img202.imageshack.us/img202/7...2oct282312.gif
Uploaded...Ignored
DislikedDoes anybody have an MP indicator for MT4 where I can set specific times for the MP?? To see for example specific session profiles or the last 12 hour profile and so on.....
The one I am using from Bandung only has a preset of profiles I can look at and I would like to change that.
I would appreciate if someone can post his MP indicator with those specific setting possibilities.
ThanksIgnored
DislikedNice trade K, seem you always grab some pips, pocket full of kryptonite
I always dejavu between reading MoM/JD and your trade commentary
when time permit you must tell me your mp process journey
btw, I do a little experiment with your iVolume, I combine it with Better Volume, so we get your UP and Down Volume criteria, and Better Volume's criteria : climax churn(magenta), climax volume (up/down - red/white), high churn (green), low volume.
please take a look image below(third sub window), what do you thing?Ignored
DislikedI'll grab any swing trade i can . Me still learning as i go about MP, I am sure there are folks here with JD like precision but still taking cover....
Your mod on the volume indi is bloody neat. U know the funny thing is the reason i modded iVolume was becoz I found BV is lacking in some areas like what i wanted in iV. Now u have combine both which at least on first sighting, it makes sense out of those Neutral bars in BV which was one of my pet peave with this indi..
Are u planing to incorporate it into session indi in the future?Ignored
Disliked...btw, I do a little experiment with your iVolume, I combine it with Better Volume, so we get your UP and Down Volume criteria, and Better Volume's criteria : climax churn(magenta), climax volume (up/down - red/white), high churn (green), low volume.
please take a look image below(third sub window), what do you thing?Ignored