PA based LTG | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Rules based method based on zz, fractals, psar, and s/d 118 replies

EA based on indicator which changes based on numbers of bars 0 replies

Trading Price Based Charts Instead of Time Based Charts 1 reply

Price-based Vs. Pip-based 5 replies

I have forgotten which pairs are "commodity based" 15 replies

Attachments: PA based LTG
Exit Attachments

PA based LTG

  • #161
  • Aug 13, 2017 3:29am Aug 13, 2017 3:29am
Quoting el.
Perfect Double Top example: {image}
.. your posts and knowledge is evident. You will help in posting here.
It's in fear when people show what they truly value.
  • #162
  • Aug 13, 2017 4:31am Aug 13, 2017 4:31am
Quoting kleybenny
Hi Ensale,
Great.. We needed someone to ask these question's.. big respect to you for doing it.

Q 1: as I understood the double top or double bottom is the most important part in your strategy. So this is clear. At first: find good looking double tops/bottoms.

A 1: Yes number one, Is finding the best DT/DB, and even better in favourable areas. such as fib retraces etc.


Q 2:Then it's interesting how price respects and rides sometimes the 20 sma. This helps us for entry right? So if I find a double top or bottom I have to wait until price closed over the 20 sma, than wait for the 5/20 crossover (often it happens at the same time)? This is our entry trigger isn't it?

A 2: in post 87. I explained and showed an entry with the crossover, in an uptrend and then market turn this type of entry is good, as it's more conservative, whereas in a down trend, I would enter a double top before the crossover. very good question.


Q 3: Where we draw the fibs for daily time frame or hourly? And which fibo levels are relevant?

A 3: For hourly, last week high/low + plus the month if you wanted additional areas. but I would stick ... For daily trading. monthly High/low fibs as well as year high/low. ( I will address fibs in more detail soon)


Q 4: Then the videos about stop hunting and tend trading. As I understood it adds to the probability to our trades, if we find for example a double top on h1 after 3 big interweeks waves as well as a stop hunting after this 3 waves. So the stop hunting could be the beginning of the next 3 wave down move right? 7

A 4: Yes. correct. as the market is not perfect, it's dynamic but this information helps you identify manipulation. over the year's you get better at it. believe me. so the 3 waves, manipulation won't come into play on every Double top/Double bottom.. However to keep note of it and recognise it helps. Like i show below.


GBPAUD.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-13_12h22_20.png Size: 164 KB


The double top then has a nice retrace trade but does not begin a 3 step move down. but was rather a retrace trade for the third move up on a bigger 3 wave move. however the information garnered from the video's helped you in this case and will help you as your study continues.


..
It's in fear when people show what they truly value.
  • #163
  • Aug 13, 2017 6:42am Aug 13, 2017 6:42am
ensale, where can I find the Fibonacci levels you have on your chart? please.
  • #164
  • Aug 13, 2017 7:25am Aug 13, 2017 7:25am
Quoting dogdays713
ensale, where can I find the Fibonacci levels you have on your chart? please.
You can draw them yourself. that one you saw is for intra day levels..
It's in fear when people show what they truly value.
  • #165
  • Aug 13, 2017 7:39am Aug 13, 2017 7:39am
Quoting ensale
{quote} You can draw them yourself. that one you saw is for intra day levels..
Attached Images
english is very hard me
  • #166
  • Aug 13, 2017 7:48am Aug 13, 2017 7:48am
Quoting ensale
{quote} You can draw them yourself. that one you saw is for intra day levels..
thank you, will do
  • #167
  • Aug 13, 2017 8:53am Aug 13, 2017 8:53am
Quote
thank you, will do


focus yourself on price action..try to do stress free trading...( this's very important)
try trade win rate 65% more then carry on....sametime
one trade missing entry...dont's chase it..
relax focus next setup... trying to carry on every trade 1.2% Risk Reward
your one trade sl it find that's trade why sl hit...find solution fix it
my winning edge"
english is very hard me
  • #168
  • Aug 13, 2017 10:19am Aug 13, 2017 10:19am
Quoting ensale
{quote} Great.. We needed someone to ask these question's.. big respect to you for doing it. Q 1: as I understood the double top or double bottom is the most important part in your strategy. So this is clear. At first: find good looking double tops/bottoms. A 1: Yes number one, Is finding the best DT/DB, and even better in favourable areas. such as fib retraces etc. Q 2:Then it's interesting how price respects and rides sometimes the 20 sma. This helps us for entry right? So if I find a double top or bottom I have to wait until price closed over...

Hi Ensale,


Good to see you with your own thread.

I believe it is important to be aware of PRICE in accordance with Whole and Half Numbers.

Banks and Institutions use them for Accumulating and Distributing their positions.

Take a look at the GBP/AUD Chart with Whole and Half Numbers added and see how PRICE behaves around them

Take a look at any Pair and you will see the same thing.
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Aug 17 GBP:AUD H1 Observations.png Size: 143 KB
  • #169
  • Aug 13, 2017 6:11pm Aug 13, 2017 6:11pm
weekly setup
Attached Image (click to enlarge)
Click to Enlarge Name: Picture9.jpg Size: 173 KB
english is very hard me
  • #170
  • Aug 13, 2017 8:14pm Aug 13, 2017 8:14pm
Patience is main key
Attached Image (click to enlarge)
Click to Enlarge Name: Picture11.jpg Size: 184 KB
english is very hard me
  • #171
  • Aug 14, 2017 12:02am Aug 14, 2017 12:02am
Financial markets may be forced away from focusing on a slew of top-tier economic news as fiery rhetoric continues to flow from Washington DC in the week ahead.
US Dollar Forecast: US Dollar Torn Between Geopolitical Fears, Fed Policy Bets
Euro Forecast: Euro Awaits Heavier Calendar to Break the Summer Lull
British Pound Forecast: Starting to Behave Like a 'Risk-On' Currency
Japanese Yen Forecast: Risk Aversion Envelopes the Yen as Geopolitical Risk Flares
Australian Dollar Forecast: Australian Dollar Caught Between Investor Appetite, RBA
New Zealand Dollar Forecast: NZD Sits in Oversold Territory And May Remain There Longer
Canadian Dollar Forecast: USD/CAD Rebound to Unravel on Less-Hawkish FOMC Minutes
Chinese Yuan Forecast: Yuan Eyes on PBOC's Guidance, Private Investment
english is very hard me
  • #172
  • Aug 14, 2017 12:24am Aug 14, 2017 12:24am
UJ, H4, DB with stop hunt.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 66 KB
  • #173
  • Aug 14, 2017 1:34am Aug 14, 2017 1:34am
audchf Double Top h4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: Picture17.jpg Size: 207 KB
english is very hard me
  • #174
  • Aug 14, 2017 1:50am Aug 14, 2017 1:50am
Quoting hitan234
audchf Double Top h4 chart {image}
Hi! Correct me if I am wrong, but based on the smart money manipulation videos presented by Ensale, we are looking for double tops/bottoms formed with stop loss hunt. So the most recent peak/trough must exceed the previous one by at least one pip (at least 3 pips, according to those three videos).
  • #175
  • Aug 14, 2017 2:08am Aug 14, 2017 2:08am
Quoting catalin_eros
{quote} Hi! Correct me if I am wrong, but based on the smart money manipulation videos presented by Ensale, we are looking for double tops/bottoms formed with stop loss hunt. So the most recent peak/trough must exceed the previous one by at least one pip (at least 3 pips, according to those three videos).
Thats my take on this too, as a scalper i am following the same understanding, what i find really interesting is the concept of price action this way, one slight disadvantage for me is i only trade two pairs euro and pound dollar as i pretty much understand their movements and style but it leaves the door open to discover other pairs would be great to see if someone has created a double top and double bottom pattern software searcher could speed the game up when searching. But hey great thread and thanks to Ensale for sure.
  • #176
  • Aug 14, 2017 2:16am Aug 14, 2017 2:16am
Quoting catalin_eros
{quote} Hi! Correct me if I am wrong, but based on the smart money manipulation videos presented by Ensale, we are looking for double tops/bottoms formed with stop loss hunt. So the most recent peak/trough must exceed the previous one by at least one pip (at least 3 pips, according to those three videos).

hey buddy it's ensale reply u....i am not base h4 1h chart...i am weekly daily price action base S/L level trading
little chart trading cant's carry up trade win rate well(bad strees) but mostly poeple like little chart trading


look audchf week setup
cadchf daily week setup
eurchf daily week base
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture18.jpg Size: 192 KB
Click to Enlarge Name: Picture19.jpg Size: 207 KB
Click to Enlarge Name: Picture20.jpg Size: 186 KB
english is very hard me
  • #177
  • Aug 14, 2017 2:58am Aug 14, 2017 2:58am
Quoting catalin_eros
{quote} Hi! Correct me if I am wrong, but based on the smart money manipulation videos presented by Ensale, we are looking for double tops/bottoms formed with stop loss hunt. So the most recent peak/trough must exceed the previous one by at least one pip (at least 3 pips, according to those three videos).
The stop hunt is not a must. by the way.. but something to factor in when you select your trades.
It's in fear when people show what they truly value.
  • #178
  • Aug 14, 2017 3:00am Aug 14, 2017 3:00am
Quoting hitan234
{quote} hey buddy it's ensale reply u....i am not base h4 1h chart...i am weekly daily price action base S/L level trading little chart trading cant's carry up trade win rate well(bad strees) but mostly poeple like little chart trading look audchf week setup cadchf daily week setup eurchf daily week base {image} {image} {image}
Based on what I see on your charts, you look at the most obvious W1 swing, and when price gets there, you take the entry on the lower time frame (D1) when the consolidation area is broken.
  • #179
  • Aug 14, 2017 3:05am Aug 14, 2017 3:05am
Quoting ensale
{quote} The stop hunt is not a must. by the way.. but something to factor in when you select your trades.
Hm, it looked like you put emphasis on the DT/DB to be at least one pip above the previous top/trough. That was my impression. Anyhow, it's a good factor, because the more reasons we have to enter a trade, the more chances we have for that trade to be a winner.
  • #180
  • Aug 14, 2017 3:19am Aug 14, 2017 3:19am
Quoting ensale
{quote} There you go! By the way for the thread viewer's. The double top does not require this wick above (1 pip or so pips) for it to be traded.. it is a factor for your brain to consider. If in your study and trading you discover it add's probability or increases your confidence then use it. I will go into more detail about it soon.. why it occurs etc.. Will keep it simple for now.
This post earlier. I've left it up to the trader's.
It's in fear when people show what they truly value.
1 trader viewing now