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USD/JPY Discussion

  • #67,661
  • Jul 27, 2017 9:16am Jul 27, 2017 9:16am
Quoting NagaMas
{quote} method : exponential, apply to : close {image}
If you look at the chrt you'll see that price hit i think 50ema..?? And went down some 25 odd pips. If you go to 15 minute chart you'll see there is a SZ from where the price returned plus there was this ema as well so, one could chance or could have chanced a short from this price.
  • #67,662
  • Jul 27, 2017 9:29am Jul 27, 2017 9:29am
Quoting NMZee
{quote} If you look at the chrt you'll see that price hit i think 50ema..?? And went down some 25 odd pips. If you go to 15 minute chart you'll see there is a SZ from where the price returned plus there was this ema as well so, one could chance or could have chanced a short from this price.

so, if it re-approach the M15 SZ, I may short again?

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  • #67,663
  • Jul 27, 2017 9:45am Jul 27, 2017 9:45am
Quoting NagaMas
{quote} so, if it re-approach the M15 SZ, I may short again? {image}
I wont short again ( i didnt short earlier as well)..
This brings us to the final and most important point zone strengrh.
For a very strong zone.
1. How long price stayed in the zone min 1 max 6
2. How price left the zone. Should leave the zone in 2 ERCs ( extended range candles). Long full candles.
3. How long it took the price to revisit the zone. ( no of pips of 2 candles × 5). The 2 extended candles were 20 pips for e.g so if the price returns after doing 100 pips min. It means zone strength is at a max.
You will find zones with 3/3 , 2/ 3 and 1/3.
With time u will understand the above points. For now go slow.
  • #67,664
  • Jul 27, 2017 9:46am Jul 27, 2017 9:46am
Quoting SunTrader
{quote} That is not from Sam Seiden of Online Trading Academy?
Yes it is. 100%
  • #67,665
  • Jul 27, 2017 9:48am Jul 27, 2017 9:48am
Quoting NMZee
{quote} Yes it is. 100%
Attended 7 days at OTA dubai.
  • #67,666
  • Jul 27, 2017 9:57am Jul 27, 2017 9:57am
Quoting NMZee
{quote} I wont short again ( i didnt short earlier as well).. This brings us to the final and most important point zone strengrh. For a very strong zone. 1. How long price stayed in the zone min 1 max 6 2. How price left the zone. Should leave the zone in 2 ERCs ( extended range candles). Long full candles. 3. How long it took the price to revisit the zone. ( no of pips of 2 candles 5). The 2 extended candles were 20 pips for e.g so if the price returns after doing 100 pips min. It means zone strength is at a max. You will find zones with 3/3 ,...
if I revert back to H1 chart, at what price should I trade for next chance?
  • #67,667
  • Jul 27, 2017 10:00am Jul 27, 2017 10:00am
Quoting NagaMas
{quote} if I revert back to H1 chart, at what price should I trade for next chance?
between 111.95 / 112.17
  • #67,668
  • Jul 27, 2017 10:01am Jul 27, 2017 10:01am
Quoting NagaMas
{quote} if I revert back to H1 chart, at what price should I trade for next chance?
opportunity is always there .. always ready for a bad condition
  • #67,669
  • Jul 27, 2017 10:03am Jul 27, 2017 10:03am
Quoting NMZee
{quote} between 111.95 / 112.17
While keeping in mind that around 111.8x there is a strong ema but i wont trade it unless i want to scale in my positions, in that case i'll take 1/3 at 111.8x. 1/3 around 112.00 and see whete the last partial will go.
  • #67,670
  • Jul 27, 2017 10:11am Jul 27, 2017 10:11am
Quoting NMZee
{quote} between 111.95 / 112.17
I can see that the FOMC candle left that area with strong power. Does it mean the zone quite strong and the SL will be hard to reach by the price if I sell from that zone?
  • #67,671
  • Jul 27, 2017 10:46am Jul 27, 2017 10:46am
Quoting NMZee
{quote} Yes it is. 100%
Supply and demand zones correct. As far as I know he does not like the use of any moving averages.

Purely price action derived levels.
  • #67,672
  • Jul 27, 2017 10:47am Jul 27, 2017 10:47am
Quoting SunTrader
{quote} That is not from Sam Seiden of Online Trading Academy?
That is 100% not from OTA... That is from a financial forex institute in london. My cousin did his 30 day course from there and we combinely came up with an amalgamated model of these 2.
i am sure you know that OTA neither believes in indicators nor too much of FA and data/ news. Just charts. Looking left to predict right. OTA don't belive in BOs but i trade them sometimes.☺️
  • #67,673
  • Jul 27, 2017 10:50am Jul 27, 2017 10:50am
Quoting NagaMas
{quote} I can see that the FOMC candle left that area with strong power. Does it mean the zone quite strong and the SL will be hard to reach by the price if I sell from that zone?
look at that zone. One candle as a base. Looknat the 2 long candles and price whenever it will get there would have done number of pips. I say probability is bery high of this being a good spot to short. Emphasis slways on PROBABILTY...!!!!
  • #67,674
  • Jul 27, 2017 10:53am Jul 27, 2017 10:53am
Quoting SunTrader
{quote} Supply and demand zones correct. As far as I know he does not like the use of any moving averages. Purely price action derived levels.
Sorry. I missed this post and the point of the earlier post, where u were asking about emas snd i thought otherwise. Apologies.
  • #67,675
  • Jul 27, 2017 10:57am Jul 27, 2017 10:57am
Quoting NMZee
{quote} That is 100% not from OTA... That is from a financial forex institute in london. My cousin did his 30 day course from there and we combinely came up with an amalgamated model of these 2. i am sure you know that OTA neither believes in indicators nor too much of FA and data/ news. Just charts. Looking left to predict right. OTA don't belive in BOs but i trade them sometimes.☺️
Did you mean what you do is not 100% OTA?

Because I always find it curious why traders "muddy the waters' by using MA's and most other TA. Price doesn't bounce off them. Price doesn't wear glasses to see them lol.

You seem to make it work but really it is just the supply and demand zones. Prior levels (and news events in the future) price reacts to. Nothing else.
  • #67,676
  • Jul 27, 2017 11:14am Jul 27, 2017 11:14am
HIT-TP-My-system
if you my trade,My-post analysis, subscribed to ME
  • #67,677
  • Jul 27, 2017 12:31pm Jul 27, 2017 12:31pm
It's seem USD/JPY begin to previous low..... I hope hit TP
  • #67,678
  • Jul 27, 2017 12:43pm Jul 27, 2017 12:43pm
Quoting NMZee
{quote} 75% closed uj 100 pips exact. Remaining set to BE Gj all open currently + 55. Damn GU stopped Gj from slipping.
close gj +115.
No need to be greedy..
closed remaing Uj as well +110
  • #67,679
  • Jul 27, 2017 2:01pm Jul 27, 2017 2:01pm
chance to join the bulls? maybe? maybe not.. tempted to add just one more tiny one
  • #67,680
  • Jul 27, 2017 2:22pm Jul 27, 2017 2:22pm
Quoting jusstin911
chance to join the bulls? maybe? maybe not.. tempted to add just one more tiny one
Hmmm, go for it. If you have good enuff reason to do so. There are no wrong decesions only some timely ones and some premature ones.☺
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