Disliked{quote} Steve, Are you using amplitude settings of 4 for M5 TF? Thank you.Ignored
Hi Midnight,
Yes, M5 is Amplitude 4.
Renko line in the sand 294 replies
Line in the Sand 106 replies
Line in the Sand Part 2 4 replies
Disliked{quote} Steve, Are you using amplitude settings of 4 for M5 TF? Thank you.Ignored
DislikedGBP/JPY M5 Observations The Market is pushing up into a previous Level of Support (Buy Orders) turned to a Level Resistance (Sell Orders)? I will wait and see. {image}Ignored
Disliked{quote} GBP/JPY M5 Observations Selling started a bit lower than I was expecting but Smart Money had been Accumulating their Short Orders on a Rising Market. {image}Ignored
Disliked{quote} GBP/JPY H1 - M5 Observations It helps, a lot, if at the start of the Trading Day we know if we want to be Selling or Buying. Smart Money will now be looking for Buy Orders to Off Load their Short Positions and Accumulate new Long Positions. Remember they have to Buy into a falling Market and Sell into rising Market because of the size of Orders they need to get filled. If they put a LARGE Buy Order into a rising Market that Order would not get completely filled and would push Price much higher. That LARGE Buy Order would get broken down...Ignored
Dislikedcould this be price action for GBPJPY on the H1 with H4 direction bias? {image}Ignored
Disliked{quote} GBP/JPY M5 Trade Results I took two Short Trades yesterday one BE +1 second +30 Pips +2R Today's Long got taken out at BE +1 Pip. I'm just trying to Trade in Smart Moneys Wake. It is relatively easy to get Trade direction correct. The difficult thing is judging when Smart Money has Accumulated their Orders and have consumed all the opposing Orders and are ready to go for Profit Release. {image}Ignored
Disliked{quote} I personally react to PA and how it's shaping up, it's that simple, no fancy buzz words to describe it. Whatever the "big boys" intention is will be unknown to me and therefore irrelevant, the only thing relevant to me is the price and how it's shaping. Regarding results and t/f, M5 is ok if you're happy to be staring at the screen all day I guess, waiting for that moment to enter, but that's not for me. I have several pairs in play and a couple close to entering GJ H4 chart attached is quite typical....taken 100 pips, left some and made...Ignored
Disliked{quote} Hi Landline, I agree that Price is the most important thing. But having some understanding of Smart Moneys intentions and how they Trade is important. We can see on the Charts where the Market is in Balance, equal Buyers and Sellers, and out of Balance where one side has taken control and consumed all the counter Orders and the Market takes off. Where we see Levels of great Imbalance, within the Market, we can usually be sure that the Market will return to these Levels to use the Orders that remain there to Distribute old Positions and Accumulate...Ignored
Disliked{quote} Man o man....you really do have a thing about using fancy buzz words to describe the simplest concepts like s & r. Just keep it simple....you haven't got to try to impress people with fancy terms and fancy writing and fancy charts...just keep it simple, unless you like talking in a foreign language that is lolIgnored
Disliked{quote} Hi Landline, I agree that Price is the most important thing. But having some understanding of Smart Moneys intentions and how they Trade is important. We can see on the Charts where the Market is in Balance, equal Buyers and Sellers, and out of Balance where one side has taken control and consumed all the counter Orders and the Market takes off. Where we see Levels of great Imbalance, within the Market, we can usually be sure that the Market will return to these Levels to use the Orders that remain there to Distribute old Positions and Accumulate...Ignored
Disliked{quote} Man o man....you really do have a thing about using fancy buzz words to describe the simplest concepts like s & r. Just keep it simple....you haven't got to try to impress people with fancy terms and fancy writing and fancy charts...just keep it simple, unless you like talking in a foreign language that is lolIgnored
Disliked{quote} Hi Landline, What causes Support? What causes Resistance? I'm not trying to impress anyone, I don't need to do that, and if I was I wouldn't be doing it writing in my journal which, as you say, gets very little response. I'm trying to inform people how the Markets work the terminology I'm using is how I was taught. Knowledge is power. For me, the most powerful knowledge I gained was when I understood the consequences of Trading in a Zero Sum Market. Once you have the knowledge you can Trade it as simply as you want.Ignored
Disliked{quote} Mate...the causes don't matter...it's the effects we trade! Who cares how a car works...we drive it, that's what matters!Ignored