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  • #1,621
  • Oct 15, 2017 11:53am Oct 15, 2017 11:53am
EU Buy Limit 1750 and 1700
Buy Stop 1925

Targets 1.21 & 1.22
Holy Grail - Patience and Acceptance
  • #1,622
  • Oct 15, 2017 11:58am Oct 15, 2017 11:58am
Quoting digger1
For the 50% level to fail it has to get there 1st lol. A lot of confluence of things in the 2480 area , guess thats why the area kinda resonates with me. Wether it does or doesent remains to be see but one would think that area may be an attraction or entice bigger fish if it gets there . {image}
Bang on! I like the way you have done ur analysis....
  • #1,623
  • Oct 15, 2017 12:02pm Oct 15, 2017 12:02pm
Quoting arvindeept
{quote} Bang on! I like the way you have done ur analysis....
Lol, thanx ,,, learned a lot of lessons the hard way, mkts just have a funny way of reaching areas like that a good portion of the time .
  • #1,624
  • Oct 15, 2017 12:08pm Oct 15, 2017 12:08pm
Quoting Ata-Turkoglu
Trader-Waldo.... Bones.... and Denisius... Please return back to normal... you can continue your discussions via private messages.. we don't need the thread to get overflooded with endless discussions.. I have 2 warnings for every member and after that they are out.. this is not a warning but a friendly reminder to all 3 of you.. So have you anything for EURUSD? Charts.. ideas.. silly jokes? Then shoot.. otherwise.. silence please.. Stay Green
Stopped.
  • #1,625
  • Edited 12:22pm Oct 15, 2017 12:09pm | Edited 12:22pm
when price respects something to the T sit up and listen
this is weekly chart, those touches are perfect on that TF
Maybe later the major TL but unlikely just yet

Quoting digger1
{quote} {image} If it were to drop to there that should put eur around 2480 ,,,,,,, a very good level for a longer term short ,,,,,the very least you could have a very tight stop on a monthly chart trade
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,626
  • Oct 15, 2017 12:15pm Oct 15, 2017 12:15pm
Quoting Bones
when price respects something to the T sit up and listen this is weekly chart Maybe later the major TL but unlikely just yet {quote} {image}
Totally agree man ,,,,,, lots of wiggle room and time involved on monthly set ups for sure ,,,,,, lots of trades either way . Mkts dont move as fast as they appear ,,,,,couple good trend days a week a lot of range trades a week then the fridays to give it all back or completely blast off ,,,,,,,, trading a heck of a lot of money to be made ,,,,,,or lost,,,,,,,,,but one wild way to try and make some money,,,,,,,dukes up ,,,,,,not far off from open now lol
  • #1,627
  • Oct 15, 2017 12:16pm Oct 15, 2017 12:16pm
you want to see the falling tl respected other side next to carry on believing but monthly already says that's right at the mo
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,628
  • Oct 15, 2017 12:16pm Oct 15, 2017 12:16pm
Quoting digger1
Monthly eur chart. {image}
Hi D, using your target, I am looking at something like this.. Usually wrong so maybe im dreaming
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 56 KB
  • #1,629
  • Oct 15, 2017 12:22pm Oct 15, 2017 12:22pm
Quoting jusstin911
{quote} Lol wanna bet the farm? way to perfect I might wanna bet my grandfather's farm too .. Took a tiny SHORT just before close and hoping for 1.174 area and look for LONGS.. don't see any good setup on the weekly that can strike it down yet.. I just believe there's a long way to go.. Cheers Mate {image}
Hey J!! You saw it too right? I am holding over weekend, target 1730.
  • #1,630
  • Oct 15, 2017 12:23pm Oct 15, 2017 12:23pm
Quoting jusstin911
{quote} Hi D, using your target, I am looking at something like this.. Usually wrong so maybe im dreaming {image}
Oh that vision is there bud ,,,,,,,, if tht was a minute chart you would be trading that way for sure lol,,,,,,,,, all data dependent ,,its always previous highs and lows to to try and make a little higher high or a little lower low ,,,,,,, its just doing it in the order the mkt wants to do it in and trading accordingly with no bias either way ,,,,, when the mkt moves - trade it the way you have too to make money in the time you have to trade
  • #1,631
  • Oct 15, 2017 12:27pm Oct 15, 2017 12:27pm
TF is not important other than the distance your looking
there exactly the same, fractal

Quoting digger1
{quote} Oh that vision is there bud ,,,,,,,, if tht was a minute chart you would be trading that way for sure lol,,,,,,,,, all data dependent ,,its always previous highs and lows to to try and make a little higher high or a little lower low ,,,,,,, its just doing it in the order the mkt wants to do it in and trading accordingly with no bias either way ,,,,, when the mkt moves - trade it the way you have too to make money in the time you have to trade
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,632
  • Oct 15, 2017 12:38pm Oct 15, 2017 12:38pm
Quoting jusstin911
{quote} Hi D, using your target, I am looking at something like this.. Usually wrong so maybe im dreaming {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 211 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,633
  • Oct 15, 2017 12:38pm Oct 15, 2017 12:38pm
FOOD FOR YOUR BRAINS

Below I shared the Daily chart flowing inside a very simple channel. Price has not break out of channel yet. A swing trader would simply hope that price touches the blue channel line so he/she could prepare a buy setup. Very logical by just looking at the correlation between candles and the channel right? But on the chart image I tried to share another story. That story is actually about "how repetitive the market is", but majority of traders still can't or maybe won't believe it.

Once you start reading through the steps you will notice how boring a trend actually is. Making money is boring. Same things happen over and over again. The proof is right in front of your eyes. Once you are done you will be able to answer my question. It is really easy, trust me. But here are another few things I want you to understand based on the Daily:

  1. Whenever price makes a new higher high or a new lower low ALMOST EVERY TIME or in other words OFTEN it comes back for a retest and therefore you don't need to stress that you missed the breakout. Actually waiting for that retracement and then hopping in is the key to big profits.
  2. RARELY price goes straight up after a breakout (See purple exceptions on chart). If we stick to "waiting for a retrace first" logic we will lose the chance of riding these strong movements. What to do? Actually if you would trade with the wait first approach you already would be riding the trend much earlier and in rare cases like this you would be already in.. lol.. you wouldn't bother at all..Look at all the red steps on the chart.. those were the spots where you should have looked for longs.. the purple steps would be very generous areas where your gains would double or triple easily..
  3. As a result I don't like to trade breakouts and with this post I explained why. The best places to jump in are mostly the areas of red colored numbers where price returns AFTER a breakout. Focus is still on the breakouts but we go in afterwards. They say the trend is your friend but to me the areas numbered RED is your best friend.

I hope this logical adventure can turn on some lights in your brains.

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Analysis.png Size: 127 KB
Focus only on what truly matters!
  • #1,634
  • Oct 15, 2017 1:01pm Oct 15, 2017 1:01pm
Monday projection

+ some advice on what happened last week ( for those who are confused )

Monday will start with some more negative movement (probably most of night part), morning (london) will have positive movement (possibly up to half day), second half of day will be negative. How much price will move, depends on liquidity of the market. There is posibility of negative spike in the morning, it depends on how the market will move trough the night (I can't be more specific then this).

Advice

Picture represents explanation of situation on 11., 12. and 13. day of october. Legend is below the image.
Wednesday was the end of the positive trend (not Thursday), Thursday was already inside a negative trend. Movement inside black circle is good example of price moving against higher trend. This is normal, but extremely confusing for people who do not have ability to detect it. Think of it like a local extreme of an interval next to another extreme of different interval. I can not go into specific why this is so important, but observe the main moves of those 3 days. On 11. main daily move started in the morning, on 12. and 13. it started in the second half. This offset changes how market moves and how it should be analysed and traded.


Attached Image (click to enlarge)
Click to Enlarge Name: temporary_drawing.png Size: 19 KB

Legend: Red line represents positive movement (not a trade line, just a marker), green circle represents top of what you would call uptrend,
black circle represents what most think was the end of uptrend, orange represents negative movement/trend.
In all chaos there is a cosmos, in all disorder a secret order.
  • #1,635
  • Oct 15, 2017 1:06pm Oct 15, 2017 1:06pm
Quoting Bones
{quote} {image}
Hey Bones.. Do you consider this at all? do you think they will let it drop without at least completing that wave or whatever you may call it lol.. Just some weird ideas in this...

Something to consider
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 56 KB
  • #1,636
  • Oct 15, 2017 1:10pm Oct 15, 2017 1:10pm
Quoting denisius
{quote} Hey J!! You saw it too right? I am holding over weekend, target 1730.
saw it too bro.. Now we hope it works just the way we drew it
a few hours to open
  • #1,637
  • Edited 2:19pm Oct 15, 2017 1:14pm | Edited 2:19pm
Possible but ive looked other charts for confluence ,
but im tight lipped here due to the thread name
also essentially you'd be trading against local recent PA
If it goes to the underside of the actual tl near the high
im going both barrels short on pa

that's straight line down no retrace to speak of


Quoting jusstin911
{quote} Hey Bones.. Do you consider this at all? do you think they will let it drop without at least completing that wave or whatever you may call it lol.. Just some weird ideas in this... Something to consider {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 250 big Screenshot 2017-10-15_19-51-52.png Size: 127 KB
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,638
  • Oct 15, 2017 6:58pm Oct 15, 2017 6:58pm
Quoting 4for4
{quote} Your chosen levels of "strong" support and resistance are close to my choices using the H4 chart @ [1.1804 - 1.1883] ... But instead of playing rebound, I prefer to play breakout using 1R strategy, where if it breaks, TP will be @ (1.1725 / 1.1962) ... As the risk involved is about 79pips, should I play the 1st breakout or wait for a 2nd-chance? ... Homework for the weekend ...
Decided to play 2nd if the identified range is broken ...
If the range is based on D1 chart, 100pips will be the border between playing 1st or 2nd ... Since this is based on H4 chart, I have decided to use 50pips as border ...
Market is not random but unpredictable
  • #1,639
  • Oct 15, 2017 9:16pm Oct 15, 2017 9:16pm
Quoting 4for4
{quote} Decided to play 2nd if the identified range is broken ... If the range is based on D1 chart, 100pips will be the border between playing 1st or 2nd ... Since this is based on H4 chart, I have decided to use 50pips as border ...
Broken low ... a 2nd-chance will be attempted when a valley is formed before the 1.1725 is reached ... but will be scrapped if 1.1883 is reached first ...
Stay safe ...
Market is not random but unpredictable
  • #1,640
  • Oct 15, 2017 10:03pm Oct 15, 2017 10:03pm
scalping trade 1 min chart
Attached Image (click to enlarge)
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