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Understand the Game

  • Post #1
  • Quote
  • First Post: Edited at 12:40am Mar 12, 2019 12:22am | Edited at 12:40am
To make profit, try to Understand the Game FIRST!

See the nice weekly bull candles, and the weak bear reaction top, which way will the price going?
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Be a spectator, not a player
  • Post #2
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  • Edited at 1:30am Mar 12, 2019 1:00am | Edited at 1:30am
Quoting wiserltz
To make profit, try to Understand the Game FIRST! See the nice weekly bull candles, and the weak bear reaction top, which way will the price going? {image} {image}
At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow)
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Wick1,2,3 made a “supply vacuum“， and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out
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Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........
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  • Post #3
  • Quote
  • Edited at 1:35am Mar 12, 2019 1:02am | Edited at 1:35am
During the typing, just close the short scalp, i know the target is below 1.125, but expecting some reaction around ema200
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Quoting wiserltz
{quote} At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow){image} Wick1,2,3 made a “supply vacuum“， and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out {image} Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........
50 pips short if i brave enough to short daliy top
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Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115
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By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........
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Quoting wiserltz
{quote} 50 pips short if i brave enough to short daliy top {image} Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115 {image} By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........ {image}
Bing, this the real thing Smart Money want to do.........
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Quoting wiserltz
{quote} Bing, this the real thing Smart Money want to do......... {image}
Same level, same trick second time
More, since bull were defeated 2 times, changed to bear trend
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Close the long
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Counter trend short
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Early closed Demo trade EA, simple question is take the risk or not
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Hi wiserltz...

Thanks for sharing your strategy.

Could share the indicators and EA...
Quoting hapanoy
Hi wiserltz... Thanks for sharing your strategy. Could share the indicators and EA...
There is no EA at all. Only the chart slideshow for the latest post
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i don't think that someone really understand the game will pass his time in here
Quoting dicojoxaftr
i don't think that someone really understand the game will pass his time in here
At least we know we can't understand the whole picture, than to believe some "100% hit rate" shit
Be a spectator, not a player
Kind of Ken's textbook analysis
Edit:typo should be DC
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nice chart. i love it. very beautiful chart.
Quoting JosepeMilo
nice chart. i love it. very beautiful chart.
agree. the color scheme looks very pretty.

prettiest i've seen yet. i use tradingview because i find MT4 looks very dated but his charts look very modern.
EA missed that, nice accumulate before the breakout, even better with only 7 pips SL
Previous 2 shorts gave 30pips
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Posts taken from other thread.
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  • Post #19
  • Quote
  • Edited at 11:00pm Mar 12, 2019 10:46pm | Edited at 11:00pm
Quoting wiserltz
Posts taken from other thread. {image}{image}{image}{image}
IMO, focus on PA, don't guess activity of other participants（Market Maker, institution or retailers).

Don't expect market or News do anything for you! Never think you're smarter than the market!
Be a spectator, not a player
Some of Balhana method almost forget
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