GBPJPY Range Bar Trading System

Bitcoin. doesn't usually pullback , more possibly will head up first then drop

eurusd, no clear shot,
but above the open i'll buy at london session.

Emini ES december contract.
up toward 2566 or drop toward 2544

GBPJPY not much change.
these levels might come in handy. subject to change around frankfurt time

gbpjpy reached 148.26

gbpjpy will it continue to downside
147.50s

eurusd 1.1780 - 1.1899 range.
if price drops below 1.1780 - selling is a better option for the entire week.

bitcoin is cute... lol

how do you know the line will break downside?

gold on the move toward 1294-97 then rebound.

Easy... Price is below today's open.. that= downside movment.
Price went up to a point and reversed sign number 2 that price isn't going up..
but above all we don't know for sure, its called SPECULATION ( not prediction)

ALso you can use Volume VSA Volume SPread Analysis also to help find FAKE HEADS Fake Breakouts. or what have you.
the idea here is not to predict, but let the marekt tell us what to do.
price breaks a level, usually will retest the break..
chance 1 is to sell with it.
chance 2 is to wait for retest. ( i know sometimes no retests . price pushes thru the QUE fast)

Look at Gold, and tell me if this is reversal based on Volume.

its H1 time frame.
but it should be fine.
for some traders, you can take the dead cat bounce from here for a quick 3 points.
for some they leave it alone and wait on confirmation to break the level to downside or retest of the reversal

GOld
Here is 4H time frame

same story. volume confirms that price capped at 1299.
will it completely reverse or reverese a bit then drop more..
a trader can buy the bounce of 1299 for 3 pts on touch and reverse
another would buy after on retest.
another would wait for more points and wait for selling to hit the que and level is broken to downside

Market Mechanics.

General market movement based on OPEN to CLOSE relation or CLose to Open Relation.
both are same in theory, but different in trade execution.

What is Market mechanics. its OPEN HIGH LOW & CLOSE and the relation of current price against these Numbers.
SIMPLY put
PRICE above open = buy day
Price Below Open = Sell Day

Price Above OPEN and ABOVE Yesterday's Close = buy
PRice Below Open and Below Yesterdays Close = Sell

PRice above OPEN and Yest CLose and Yst HIGH,, = thats no brainer.. its Initiatave buyers taken market to new highs.

Pricee below open and yst close and yst low = Well,, Selling is the norm..




Most Look at market HI and LOW new High new low.. Very nice.. but still market mechanics are needed to understand what is happening today


The Open tells you a story..
The CLose tells another story..
Both combined ,,, they make today's BOOK

Hi Frank
Thank you for answering my PM
Where can I learn market mechanics?

I really would like to be coached by you

I did answer those questions, about market mechanics.
its simply what most call it Price action however the naming conventions change from person to person.
I don't dwell too much on Price action DOJI MOJO OUEJI..lol but i use OHLC and Ranges.

I answered your PM..
its hard for me to do training now. cause im also responsible for managing funded accounts and I trade live.
isn't what i do here enough??

GOLD
waiting on 1294/3 for buys

why it sold off of the 1299:?

Simple answer price is below the open.

Now here is the Thing.
if price of gold drops and closes today below 1294 .. then we are in bearish territory. and that will bring us back down to retest the previous week lows 1270-1259

I wonder what u see feel and think when you trading
Totally my style.
Quick analyst and good trader. You seem to be in the know all the time.

Keep it coming
Thanks