Hi Michael, Thank you for the reminding of EURNZD in your video. I think I've caught a big move today. haha{image} {image}
Well done sir. The work is showing
Best wishes
Be careful what you think because your thoughts run your life..Solomon
Trading Institutional Order Flow
- #4,101
- Jun 28, 2017 11:41am Jun 28, 2017 11:41am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Well done sir. The work is showing
Best wishes
- #4,102
- Jun 28, 2017 11:48am Jun 28, 2017 11:48am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,103
- Jun 28, 2017 11:59am Jun 28, 2017 11:59am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
hello AKT and TIOF traders I would like to have your input on GBPJPY weekly and daily zones {image} H4{image} H1{image} 3 QUESTIONS: 1. Are my weekly zones right? 2. looking at both daily and H4 timeframes, can this be considered as a shorting opportunity? (having spiked daily supply zone by 27pips=wiggle room) 3. If question 2 is an opportunity or on the flip side when looking for long(due to all timeframe's trend is up), would you consider demand zone created at H1, H4 or daily(all achieved something) and why? thanks in advance
Thank you for sharing your charts.
If i may, please consider defining the type of trade you are looking to take when assessing any trade.
The second question in particular suggests you have some conflict about whether to go long looking at the weekly or go short looking at the daily.
You can actually do both but you must have a clear understanding of why
and it has to do with what the purpose of your trade isbest wishes
P.S the zones are correct
Be careful what you think because your thoughts run your life..Solomon
- #4,104
- Jun 28, 2017 12:01pm Jun 28, 2017 12:01pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,105
- Jun 28, 2017 12:09pm Jun 28, 2017 12:09pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} Thanks isaacpeh! I've also read Sam Seiden's article about it and mentioned the same thing. Guys, Here is my analysis / trade idea for a short term trade in AUDJPY. I've added an 50 SMA that I'll be using for my middle TF (H4) for trend. Please feel free to comment.
Hello pivotdoji
Thank you for sharing your thoughts
As of the time you considered the trade, the 4hr DZ was the one to look at
I concur
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #4,106
- Jun 28, 2017 11:30pm Jun 28, 2017 11:30pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #4,111
- Jun 29, 2017 6:39am Jun 29, 2017 6:39am
Hello Akt, I did it but lost twice on the GBP/USD, on the 6H and on the Daily Lost 4 times in total this week betting against the dollar :-( Br Edensgarden
of course, after the fact we are all great traders
, so I do not judge your entry at all, but instead use it for myself too for learning something for a potential next time.I didn't analyse other timeframes, but just looking at your single posted chart, this is what I think we both may wanto to consider for the future.
And of course, also my below thought is very open to any further better one :
- #4,113
- Edited 7:45am Jun 29, 2017 7:29am | Edited 7:45am
Hello Akt, I did it but lost twice on the GBP/USD, on the 6H and on the Daily Lost 4 times in total this week betting against the dollar :-( Br Edensgarden {image}
(sorry for the mobile chart)
The only person you are destined to become is the person you decide to be.
Hello Akt, I did it but lost twice on the GBP/USD, on the 6H and on the Daily Lost 4 times in total this week betting against the dollar :-( Br Edensgarden {image}
I will tell you my thought about two entries what I was looking for and how I analysed them.
1. Weekly MOM TL has been broken and we have possible equilibrium, but that does not mean that we have downtrend. H4 SZ was in the middle of curve chart so, no SAF entry form me.
2. Daily chart has downward MOM TL, but is being tested. It is good sign for short entry as alignment sign, but you have to keep in mind situation on weekly chart and where price is in it.
3. H4 MOM TL was broken, what is good, because price is coming to our entry and trade's possible profit margin is 1:2., but that zone is not inside daily's SZ (you can see H4 SZ's proximal line if you look at every chart's right side and look for red arrow with dashed line), so I would pass the trade. I need H4 to be inside daily zone.
Second entry.
1. Weekly MOM TL has been broken and we have possible equilibrium, but that does not mean that we have downtrend. H4 SZ was high on the curve chart and price has pulled back to used up weekly SZ what is nested inside of monthly SZ what is poorly tested. Because weekly SZ is used up I will pass SAF entries.
2. Daily's chart MOM TL can not be drawn, but price made new DZ because of broken MOM TL. So if I want to sell I have to look for fresh weekly SZ.
3. H4 MOM TL is up and trend is up, we are creating new DZs. Profit margin is almost 1:2, but SZ'z candles has long wicks. That shows that zone was searching orders instead of having orders in it. So, no SAF and there is another level o top of entry zone. Safer would be to trade it, but there is possibility that price could react from entry zone, but because of situation on daily chart I would wait only conformation when daily will make new SZs to short.
P.S. you have to watch USD INDEX. What price could do in it.
I am sorry for my bad English, but I tried to show my analysis.
- #4,116
- Jun 29, 2017 8:49am Jun 29, 2017 8:49am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello Akt, I did it but lost twice on the GBP/USD, on the 6H and on the Daily Lost 4 times in total this week betting against the dollar :-( Br Edensgarden {image}
Thank you for sharing your trade with us here.
I have some thoughts for you and all of us to consider.
I would like to suggest you consider your reaction to having an expense in your trading business.
Of course no-one likes to lose but guaranteed, we all will.
Just like no-one likes to die but guaranteed, we all will.
As i commented on twitter today, Epictetus, the Greek philosopher said, "it is not what happens to you but how you react to it", that is what matters.
Posting a loss here or a win here makes no difference to your end result Edensgarden.
It helps to get feedback but nothing more.
Losses happen to every speculator.
As i tell my guys, there are 4 types of trades, a winning trade, a losing trade, a good trade and a bad trade.
One side of that statement has to do with outcomes and the other side has to do with process.
One side has to do with what is entirely out of our control and the other, with something entirely within our control.
A winning trade can be a bad trade and a good trade can be a losing trade.
You want to be process oriented rather than outcome oriented.
That will require some work, and not the kind of work you think Edensgarden
Not time in the charts at all actually.
Be proud that you took action. So what if you had an expense. You assessed the risk before the trade, position sized appropriately, accepted that risk and took the trade. Right?
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #4,118
- Jun 29, 2017 11:54am Jun 29, 2017 11:54am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
AKT, hi...i would like to know your opinion if you don't mind ...why price dropped there where i put hand. Thanks for your reply {image}
Good to meet you
Welcome to T.I.O.F
I would not even dare presume to say i know why price dropped from that level. I am not privy to that type of information... I wish
What i can see from your picture though, is price reaching a supply zone and reacting to it.
best wishes
Be careful what you think because your thoughts run your life..Solomon
