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00000_LOCK_MAJOR REFERENCES.tpl
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Ubi maior minor cessat
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DislikedI attach here one of my major references chart template. Is this: {image} {file}Ignored
Disliked{quote} lock is that trade valid? short around 2314 and TP around 2165-70?? :OIgnored
Disliked{quote} You could read it as my initial bias for today. But I placed it yesterday during final part of pit session.Ignored
DislikedNote that downside we still have a previous GB poor low at 22603 followed as written yesterday by an old pit poor low at 22538 and a Tokyo poor low at 22525: those are possible targets for today if we will get acceptation below yesterday spike test. At the same time note yesterday pit poor high at 23275 and tonight Sydney poor high at 2300 round number: these are clearly weaknesses left above. Only a strong participation downside could avoid a correction of them. 23016 is the first major reference upside: it is a go/no go level, so monitor carefully...Ignored
Disliked{quote} lock, just a clarification cuz this is still confusing for me... when we say acceptation or rejection, when price its testing lets say a level in order for acceptation, we require a close above that level on a m30 timeframe for minimum? an Hourly close? how does this actually work from charts?Ignored
Dislikedcant really be at the screen today unfortunately, its a shame given that theres opportunity unfolding in the market and I took a whacking yesterday but eh gotta do what you gotta do. Lock thanks for sharing the extra resource its going to be a big help. one question before I go, I noticed we tagged the previous GB low in an attempt to hit the overnight high and failed, would the trade execution be more optimal to just short the overnight low as it came back to it, or the B period resolving underneath was just as good to get into?Ignored
Disliked{quote} The yesterday GB session range low tag was a good spot for day time frame traders: it was a very exact ref and the stop could be very precise above it. At the same time as it is a day timeframe exact reference it is not a particularly strong one. So in case of shake out it is clearly at risk to be revisited and eventually taken out. Also it is a double exact reference as it is the Tokyo high and the yesterday GB session range low: so it is clearly weak. Btw the gap is not perfectly filled: I have 1 single pip gap right now: an other factor...Ignored
Disliked{quote} I think this is where I may be going wrong, trade location always being that of the daytimeframe. I don't feel I understand what behaviours to watch for and where to place stops etc in situations with longer term references. can you give me examples of how to interact with longer term references. isit going with breakouts from balance when there in close proximity and the market condition is ripe for it?Ignored
DislikedHow do you see if weaker hands are piling on a particular action? Easy: if you see that the periods continue to use exact day timeframe references to go in a particular direction you know that period after period weak hands are adding to previous positions.:Ignored
Dislikedsee current action. Weak high 1 single pip below yesterday GB range low and Tokyo high (22965: day time frame ref), C period high at initial half back (22875: day timeframe ref), D high 2 pip below open (22045:day timeframe ref) , D at half back again (2277: day timeframe ref). Who is piling on this action downside? ....Ignored